Santa Fe daily New Mexican. [volume] (Santa Fe, N.M.) 1885-1897, 1897-04-19
THE FINANCIAL OUTLOOK.

The advance proof of the Weekly FL
nancial Review issued by the banking
house of Henry Olews g. Co., New York
City, has reached us. The Review says
that Good Friday holiday interrupted the
weeks business in Wall street, causing
seine postponement in buying opera
tions.
upon the WHOLE" continues the Re-
view, "the investment market is steadily
working towards more settled and hope.
full conditions. So far as respects fac.
tors which affect financial confidence,
the change within the past few months
has been much greater than is generally
understood or credited. Up to last No
vember, the most intense anxiety pre-
vailed as to the outcome of the silver
question in the election. The result of
the national vote is well known. This
week the president has appointed a COM
mission to make proposals to the Euro
pean governments with view to reach
ing a settlement of this disturbing ele-
ment through the creation of system of
international bimetallism. In the broad
er monetary question the reconstruct
ton of our paper money system-the
drift is towards careful and thorough
con sideration of the whole problem.
CA, -, &, ~ 10 ,otol
such aspects of foreign affairs as have a
bearing upon our Investments.
"Affairs in Cuba have ceased to attract
attention on the Stock Exchange, and the
fact that the administration has decided
upon policy of n-intervention has
removed the feverish apprehension that
for months has kept Wall Street in state
of tension. So with respect to the un-
settled feeling that has existed in con-
nection with the possibility that q
European conflict might grow out of the
hostile relations between Turkey and
Greece. Those complications are now
entering upon new and, it may be
hoped, less critical phase. So long as
the powers were occupied with compul.
sions intended to avert violences which
might run into the most serious com.
there was an indefnable danger
which produced cauti on in every direc.
lion. Now that war between Turkey
and Greece seems quite possible, Russia,
speaking presumably for the powers at
large, declares that, in case of such war,
the concert of the powers will cease it's
present active intervention and simply
wait for results, with the fixed purpose of
either of the belligerents
which may be responsible for starting
The struggle from receiving any advant-
ages from victory. The threat is likely
70 keep both, Turkey ana Greece, care
'ul about initiating hostilities, and will
lfford an opportunity for the two coun.
ries to settle their Disputes peacefully.
The result is that, in spite of the bel
igerent news that comes from the camps
If the opposed armies, the opinion is
,aining ground ia the highest banking
ircles of Europe-than which there is
10 better source of knowledge-that
hese dangerous mplicstions will find
ettlement without widespread war.
This is an important gain upon the dis
urbing political situation that has exist
ID for many weeks past.
"Taking a broad view Of the outlook,
here is thus reason to hope that the con-
litions influencing financial operations
ire entering upon more normal and
lopeful phase. After such long run Of
evere experiences as we have passed
through, q pessimistic habit Of feeling
becomes established which prevents the
pproach of better conditions from being
foreseen or fully appreciated
nd, for that reason, the situation of to-
ay and the tendencies reaching into the
uture are far from being credited with
II the promise that lies in them"
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