The daily morning Astorian. [volume] (Astoria, Oregon) 1883-1899, 1897-12-25
THE NEW YORK
STOCK MARKET
Disturbing POLITICAL QUESTIONS NON
OFT or ThE NAY
Nrmnrkahlc story oi Nailfoad rafniaus-~
situation Satisfactory on
NrW foolinn,

Now Noik. Dec. ~ The eyenlH cf Tho
paHt week have bocn favorable 20 tho
stock market. There have been NO de-
yolopmontn " u nature likely 10 disturb
tho steady Erow,h N confidence AMI af'
fairs srnfrally appear "a bc assuming q
moro encouraging shnpe Tmlnf, cuba,
SILVER and a ls' of disturbing questions
N1ich had kai,t The country an me edge
~ uph~av1i nre fairly out of The way.
ana our iouslatnrs are wbAiy giving
their attention 10 pressing hoHnn aralfH
AMI ei,0i measures iH viii promote the
return of prosperity Currency bank.
rupiry. reciprocity. and other distinctly
hnrinr-s or economic questions nre fore.
lns thema.iysi tu the front curr nry
voy properly leads jhcm al. for this
vitality Affects both our tamo and for.
elsn rnl H,me Rotations more Than any
other iThU" The outlook for ANY thor.
ons7 reform at this scsvor r. not par,
widely ilncrrn' News ana thr absence
~ strong leaders ih,p bat partial success
Win al irasi b. camel snd tnru tnr cam
iaisn u riurtliia can i,~ psHhrd ON un.
~ complete ana sallnft 'tar, revision IL
attained ~ enc thins Wall Slrrr, may
be- assured that h. 1ht II has less to
FEAR from ami more &, hope from con.
Ffo~ man fnt several years past
The business outlook Is also another
rui'rt4srial auhrcr ~ encouragement Tho
large gains In hank elrtrioss ani rail.
road earnings prove beyond dispute that
trade n Increasing There n little sprcu-
lnilon and Yaluca are ipN. 80 that these
gains cannot hr attributed 20 imitation
This Is 'hs duties, period OF ihc year
and yet moortunia with r-N exceptions.
REPORT hnsi loss fairly active In thr IN.
irrinr tho recovery has br.n more pr,,.
nounrrd ihal az the srahoard New Yiri,
being a iaEsarl tn this f~-pas'. because
the hrani ~ Tho 'atr drprr~sl,a Nas telt
her" and ihs siEo ana variety ~ the
ciiy's hu-fnr.s Interests make ~ rinurr
IN rrvponiins 20 nov influence than
smaller eitlrs
Railroad earnings foli rcmafkahic
-'"ff in rHr mouth ~ Navombo- ~
fn't r-pnu~i au aggregate Increase or
~ per cent. and in Dcr~mb-r even this
rate " pruF-oss IL hoing -urpaase,i In
spm" -a-rs our raurntds arc beating tho
rrofls ror rarnlugs. aud 80 tho gains
afr very fairly distributed over ne -n.
tire country Il fullowr tnat ,hry must
hr dnr 20 general incrrtHo ~ trafic
ana aoi tn single cau-rs although ahip,
m-H'c n srtln cotton and prpvi.lon-
Seem io have t.-,n the larsvH' ts.rur ~
growth. Nliug"lhcr rlic railroad s,ua.
zion i' rvcrtrionally satisfactory. The
nn'i lark spot t- The rrfuvsc probability
~ ans pooling inW vet tho railroads are
not likely 10 cut rates win pleaiy OF
tram Ia als0ii ~ az Iwrs~H' our rail.
rnads arc down to hari.pdu, rorsollda.
iinn and reorganization have pul thrm
upon q nov and stronger footing Ne a
fulo tho, az, noN managed hy practical
roilroli mrn moi Fp~culators ana nunn.
cisl control has PASSED into moro ron
s'rNUliyc hands. ro that gher. IL iittie
likelihood ~ a ropc,ition Of the disgrace.
M mauagom~r, whirh characterized
American railroads In tho past In.
tchs~i earnings ar, rnaldlug some 10
rrrHmr ur Increase iivid~ndr aud others
Wnl shortly follow. making them drsir.
ah" Investments These factors NJ we'll
80 'he approach ~ Innuar, dlshurse.
w.r's. account fnr tho prrsrnt under.
current strength Of the stock market.
Tho rercut advance hia been cncourn ged
hy lo'nl operators aud their efforts sup.
ported hv No hig hoidrrn of stocks who
ur" always lhr hrSt to s,c now oppor-
tunitirs \ favorable fcaturo wax re-.
n"w''i foreign buying Europe haa long
hc'h 20 shy N our invNaimcrtH AMI We
have been ., completely thrown upan
our own rcHo,uc~s. Tint l,.rs attention ,iuta
been paid 10 tho London market than
uHnn Some timr ago this country de.
clnr'd ~ nnnnrlnl independence iRnd
lately foreigners havo been hears On ifix
market TO our benefit and their own ih-
uivtniagr Apparently however. therc
hns hc'n Change OF front ON ti,e other
side; ma should Ew3pe buy wlCli ANY
freedom, Inc effect upon values would he
important Increased activity IN hothI
vall and time money between now and
'ho opening of the new year. win hglhely
to hold I'm check amy further inward