New-York tribune., 1896-11-15
fiuanriai.
The MONETARY TRUST,
90 BROADWAY. NEw-YORK.
FINANCIAL FORECAST.

FINANCIAL FORECAST.
"ood said: Let there h~ light and there light"
Cnnumbered centuries have passed. the clouds and
nists lifted which LETT moist earth exposed
the hrs time to the shining surface Of the Daring
the summer OF 1896 God tina, evil had combined
in vain attempt to defeat His plans in the United States
and He again changed the phases Of the lie hung
different climates over all parts cf the earth aad read
ustcd the worlds crops Alnos; Immediately the hungry
nations began buy products and buriened the buoy
ant messengers OF ocean with gold for coasts That
gold arrived in the hour Of crisis II special Prov
dence did come to this planet. Il beha OF tie
United States during period which terminated
evening OF the 3rd day November. and worldly
men. heretofore without religion in their souls stop
in pous meditation and glow with gratitude when they
think Of the miracle which has Just rescued this Republic
Therefore each year goes by at eventde Of every
anniversary Of the 3ri Gay Of November le, good
and good stop their work. stand transhgured
in their respective fields OF labor heads bowed and
hearts hushcd when they hear the Angelus.
But Providence IL working alone in favor OF the
United States All human influences in harmony
herewith International tranquility placing the
solid foundation possible under the confidence Of foreign
peoples The fact that England the United States
have extrcaed themselves the savage Inheritance
Of centuries and have risen lofty policy OF arbitration
has strengthened the spirit OF peace with all foreign
governments Improvements Of the modern machinery Of
and the velocity Of these electric times have disclosed
such appalling capacity OF destruction humanity
compelled protect itself against ambitious governments
War has TO such perfection that 1, has conquered
itself and henceforh cannot be resored by civilized
nations. The Monetary Trust predics that important
nations will into armed conflict in this
ton. This puts the Old World rest. in
qu;y. Ou: OF that tranquil condition confidence Will
develop. worldwide That confidence will unite usiy
bags OF the old civilization and the boarded gold
will not only 10 for products. because Its
people need them. bu, VIII to for our securities
because they believe in
The increased expectation of manufactured
products has wakened competing countries into reaza
Of the fact that the forests mines and iaborsk
OF the United States will enable to command larger
portion OF the ali-word trade.
Thcs. various influences strengthened
by the increasing production Of gold That production
promises proportions We have passed through
the age OF IRON" and row entering the Age ~
Gold" An impercepble. tnmeasurablc !imi'able ad-
vance % all values when estimated by gold measure
ment is now in progress II Is placing constant and
irresistible forco behind the other international influences
now working IN favor and s giving them perpetual
protection and perpetual propulsion
Such are many international forces now conjoinei
in our favor. They working upon the very highest
possible plane Of human endeavor next underneath ON
impotence Itself suh Is the realm of finance as the d'
ferent countries stand related N H. and We may be
able tn the tendency OF Developments heTefron
as applied TO our country Asr the Barring panic !:
SO happened foreign countries experienced shortage
of their home crops at time when production was
large sale Of large ~ high prices pulled
ahnorm, ~ into this country from o'hr-
coun,res That money caused imitation In or midst and
lea tc New-Yok security market above the level of
oll-wors conditions existing time But It is with
sec,i tiles wheat they worth their export
value and export quotation. but export value
,,a, is they A., exactly what allwo-d conditions
m.te o, ~ them advanoe Of 9l3c In American s'curi
tie, was not sustained because the international inHu-
cnccs above denea'ed supporting 'ha; advance"
Consequently the rar"' SLOWLY sank back again to the
level O, rs that advance was above inerr'-
,,ona, conditions 50 American secu-'.c' have for some
vror, hcen ruling b,lcw international conditions. Our
r.o,. bav. hen under suspicion IN reference 70 national
honesy and our securities have ben avoided since
that d,s.rs removed AID confidence ensenderei our
securi,,os a.. coming back again 10 the International
level No local Influences can prevent this radjn'men'
tn. n-esen. market therefore Is very different from thar
-. o oo -bi. advance supported l.eraliy IS aiverf
condition.. and viii no, reoed- As confidence vds''
and courage INTO control. our mafkr. VIII also
y,ds, and rnp-ove This ,sise start
usre ,teculatve spssm: II Is radical aaf permanent.
CO.., ~. -ece,, urheavai our na-le' has SHAPED into
,os,,on which s very natural 70 All markets undergoing
radical Improvement Some ~ ihoS- who had carried 80
curiti.- long time have sought r'ie' by reAnFis e
operators have taken the opportunity N hke
,,,, r,ea4ur. 81 their profits The stocks have been
,url, By men with fresh oourag" and new capital Such
holders will be dislodxei There are no Imaginary
dangers which be exaggerated suncier'y u "hNr
.her, out. Mcanwhe certain local trader" SIN panic
,u,, ,.,. comrnt,te, thernselvss he downwarf on
o.. ,hcr hand commission brokers' 81 resource, AID a
uv understand situation and using their irrn-
.nc. - brig erslb- men back - Wall Street Al last
IL. oupc-tua..y has Improve their business ani
they dare NJ, nef;,o (. rnor- ~ For 'h"'" reasons
,,. r,se- rarbe ard surface influences Will clmbn,
70 ,,rc, renewed upward movement. We do not now
refer 70 socaled securities which nfe made d"oys
s.. ssc,e rool. 90 syndicn,e- Such shares should he
avoided and investors should sfo iga.e thr socail"d
news ., wall street often prepared With inen, to de-
c.v. The renewed upwaf. movement ~ the ma-et VIII
,,,,i, show sels the best properties Western
,-non ngtan ana Rock Island b. kept In view.
, G., Panl end Northwest far the best II Is true
,h.,e viii b. some modification IN the earnings - the St
Pan, .vst.n which conspicuous last because
NJ the wheat movement. During the next few months
,he rac N this cereal will be relatively reduced forty
cys nor ccn, which at glanc. would create large
copara,.ye loss Bu, wheat traffic Is ony ~ Of the total
,-aye and therefore reduction IN that source -
rarc vii not b. much as IS Of the total tonnage
On the other haac. the farmers In the Northwest have
received large for the wheat ALREADY Sold and mo-"
haze large buying power "r. Prime. the r"l'bfatei
who is row permanently connected with The
,sone,, Trust and occupied constant investigation ~
the changing crop and traffic conditions OF the great rh
vavs ha. been at the main onice during the past
uce and the outlook OF the ST. Paul system has been
a-,,,,,, rsv,ewoh The Iunbar coal and general mcr
,hand,sc will largely increase their proportion of III.
We conclude that the ne; earnings of This sys
Ion, Cor the present year Will approximate the ne, earn
,ra q, the PREVIOUS year. but n mus: b. KEEP. In mind
ho, ~. s Paul and Northwest systems have diversined
. ,,a their local is rapidly developing. and
N. hole country has grown up about them After 'ea-d
:, o-,,n, and painsiaking study Of tho ST. Paul prop
r, sna deliberate consideration Of the commerca! and
outlook In the Northwest The Monetary
-, assuming average crops. records this prediction
The ST. Paul Company will earn during the next hve
-. ,or tho benefit OF IN. Common stock net resu,
=. more than 3 per cent per annrn
~. fact is the securities Of the ST. Paul and North
-. ra,.-,e. are row the best bargains in IN. whole
.., of Investment not because OF the dividends they
~ a,,,x hut because they the best medium through
,,s. mo, ~ moderate can get their clutches
nor the period Of prosperity now opening before us
ao,h OF these systems are nursing their resources for
better dividends and their securities are pe''e'''y 0"
=. r,ucb higher level OF quotations. A given
o under udcious guidance. can be utilized In connec-
,,h these properties minimum OF risk and during
~. ,ax, few years. may be multiplied by two three.