The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-05-02
VAL STREETS I VIEW.


the War Outlook.
Stokes 4 Co. OF New York say
last financial circular:
is no use talking about trade in
war conditions. Trade is better
4 most sang,ine have expected.
! no use talking about railroad
They are more than we ought
II. There is only one question 'or
ho study markets to consider, and
the bearing OF this kind of a war
b security market. Some days asu
kraphed our branch Offices: For
weeks past we have been discount
/ from this day forward we will
peace" BY this we mean that
5ral tendency of prices will be up
N course in the event of some spe-
Aster for moment the market
kcline. but such disaster can only
{any important degree from a laree
ttle. 1t is not possible for us to
III a battle for many days. The
has kept his fleet SO far removed
ban waters. separated by the At
icon from our country, that it
Il be possible for that Spaniard to
hips into a position tor battle with
a for fifteen or twenty days. Be-
lis a well known Characteristic OF
lard to continually put off until
that which he ought. to do today.
1t is not to be expected that a
hal battle vii! be fought for a
J. Meanwhile, all the temporary
will undoubtedly be with the
Is. OF course there may be delays
ring Cuba, because President Nc
Jay not adopt an aggressive policy
bs the public may desire. But 1t
lithin the limits Of the probable.
/ is scarcely possible that we viii
more than temporary delay in
foutrol OF Cuba.
1--WE say the market will now pro-
discount settlement of our
with Spain We do not mean that
|Rve it's entire advance in the I'M
9uture. but we do mean that tile
b has gone out of the security mar
D reaction hereafter will take place,
pc OF a temporary character when
u traders happen to be overload
pme false rumor or temporary dis
;inade known. AS far as our own
hoes, we can not believe that this
famount 20 much. We believe tho
Initiation will burst like bubble.
bow that coal is prime necessity
warfare. aud undoubtedly our
y see to 1t that the Spanish fleet
let coal on this side of the ocean.
y moment our railroads and our
q are occupied in taking supplies
4ssels wherever they may happen
Imagine our embarrassment II We
nke coal and supplies across the
&bcean. We would certainly he
accomplish but little. How much
n 1t ombarrass the Spaniard when
lakes to cross the Atlantic ond
IN him coal and supplies? We
ether he will make TINS move
h hi.
Fl risks her fleet in a great naval
6e risks everything, her very for
Il prestige. n the United States
lfee one or two prea, naval battles.
6nly be he beginning of greater
~ Probably the outcome OF thu
- will be. the Americans will set
~ comparatively early day, after
n -
e. and fight us in our own terri
Of the spirit Of revenge. knowing
net regain Cuba. or adopt policy
IN the hope that She may tempt
ITO cross the ocean for battle. Af-
have taken Cuba and nothing is
hopes of revenge, we believe for
Iers and the pope will in some way
Jet Spain out OF her complications.
BE borne In mind that the Cathu-
&merlca are very numerous. and
altogether Catholic. The pope in
dcus capacity they consider infal-
Il in worldly affairs the Catholics
N believe him infallible also.
u hn must be anxious to bring
ettlement of our difficulties witt,
&he has already undertaken. When
five millions of people enter into
MIST seventeen millions. and when
ntecn millions are Of such de-
IA hat only one third OF them can
Ewrite, when those seventeen mil
81 composed OF people who are not
81 good mechanics. the issue is all
De. We must remember that moo
Ire is struggle OF machinery, a
,jbf mechanics eeainst mechanics,
nails against generals, and when
the embarrassment of Spain in
Ito supplies and coal, VIC can no
lat this warswhl rrove TO he "a
arden to the material and com
relopment of the United States.