New-York tribune., 1896-11-17
FIELD FOR FOREIGN MONEY.
OBSERVATIONS OF THE EDITOR OF THE
LONDON STATIST."


HEALTHY IMPROVEMENT ~ TRADE CONDITIONS
IN THIS COUNTRY SINCE THE ELECTION.
After completing a comprehensive tour through
the United States. T. Lloyd. the Edtor-in- Chief
Of THE London statist" which Is probably the
leading English financial organ. arrived in this
city last night. He accompanied by his
wife and daughter. and he will sail for home on
Saturday next by the Cunard liner Lucania.
Since he arrived here about two months ago Mr..
Lloyd has visited the Western and Southern
States and has also spent some time in Chicago.
St Paul. Portland and other important irdus-
trial centres. The object of his journey here has
been to study the financial and commercial
conditions and prospects Of the country.
To Tribune reporter who saw him last night
at the Waldorf Mr. Lloyd expressed himself as
charmed with the country. and said that the ell
mate and scenery Of California and the contisu-
Gus States. Of which he had heard much. ex-
ceeded all the anticipations he had previously
formed
Referring 10 the election Of Mckinley. Mr..
Lloyd said II think II will be attended with
beneficial results In every way For one thing, 1t
will act an impetus to trade on this side. and
will induce the investment Of English capital in
American securities Although for time there
was an undoubted disposition on the part Of
the election was over. do not think that state
Of things was caused by any real fear on the part
Of England that America would really declare
itself on the side OF anything having the appear
ance OF repudiation. The alarm that was mani
tested here found it's way to the other side Of the
Atlantic and It this that induced the walt
ing policy-not any real fear that the United
States in danger of manlfesting any breach
Of faith or course, nasmuch as the feeling In
this country was that the situation was acute,
it's infection spread to England. and would like
10 emphasize the fact that this the only
cause of any depreciation Of American securities
that took place on the London market.
"On my journey across the continent have
noticed since Mckinloy's election many evi-
dcnces Of a great revival of trade and further.
| have also observed that there are a cheerful
moss and an alertness generally among the
people. implying a renewed feeling Of confidence
and hopefulness. ! think there is now n cer-
tainty of gradual and steady improvement In
the commercial and industrial conditions ot
this country.
cone Of the most favorable signs Of the times
is that there seems no disposition To create
anything like boom. To rush prices and
values up To fictitious level. as might have
been expected The revival Of business in
fact. has no feverish flush about IT, but has a
solid and firm basis"
Mr.. LLOYD added that in the eyes Of the Eng
lish people. Mckinley represented the level
headed and sound business elements Of this
country. and that American securities would
dusng the next year two present steadily
Increasing outlet for British investments and
capital
He said that his visit had proved to him that
there were many advantageous opportunities
for the investment of foreign capital in this
country, and that it's resources in every drec-
ton promised profits upon outlay. Mr. Lloyd
refused - discuss any question relating to
tariffs. M ne held Il an Internal contro-
vcrslal question. upon which IT not COM
petent for foreigners 10 give any pertinent
opinion.