The Corvallis gazette. [volume] (Corvallis, Or.) 1862-1899, 1898-12-30
AFTER WORLDS MARKETS
New World Energy Aston,
ishing Europe.
A NATION OF sHoPkEEPERs
I'm Gland Awakes to the Aggressive
Commercial Prosperity of the United
states-Decrease of British Exports.

london, Dec. 27.-It is no exaggera-
tior to assert that the foremost topic
CON pelling attention in Europe is gen.
era, and in Great Britain in particular,
ove:shadowing the dTeary broils of do
messic politics, is the remarkable ag
gresslve commercial prosperity which
the United States is manifesting.
Hardly newspaper review or a public
speaker during the past month has
fais.45 to notice with what giant strides
Az erica is coming into the first place
in ,he alignment of the powers. 1t is
certainly the chief subject of conversa-
ton ON Lombard street and on the
Continental bourses.
Tue manager of one of the greatest
Lols don banks recently drew an Ameri-
can business man into his private
ofhae, and said, in an awe-struck tone:
This is the first time in the history
OF finance that New York has been in
a position to dictate money rates to
London, Berlin and Paris. :" The
bank manager added that London's 8
purchases of American securities were
q fathers weight compared with the
balance of trade in New York's favor.
lanes Brice, in speech before the
Leicester chamber of commerce, sound
ed x warning to British manufacturers.
He emphasized the fact that the ex-
ports of the United States and Ger
many had increased G34, 900, 600 and
e2 100000 respectively between 1891
ana 1897. while Great Britain's de-
creased e15, 100000. He further
poiAted out that the business of the
United States was developing along
ma,.y important lines which Great
Bij sain, he added, should have held
against all competitors. Mr.. Brice un-
hebitatingIy asserted that the United
Sta tes could produce rails cheaper than
Great Britain, and he said he saw no
possibility of opening new markets ex-
eepb in China
Great Britain seems to have become
teconoiled to the capture of the iron
markets by the United States. Ameri-
can firms are uniformly successful in
bidiing against British firms. The
Carnegie company and the Illinois Steel
Co.hpany have opened extensive Offices
In London and are making infoads
upon the British reserve. Colonel
Hnasaker, the Carnegie representa-
tive. has contracted for 10000 tons of
pixies for the Coolgardie road, Austria
liz. and The company was unable to un-
sdeltake the contract for 10000 tons
ste.
Aispatch from Berlin SAYS it is
fact that the Russian government has
ordered 5000 tons of American rails,
and the prospect of American competi-
tion for the contracts in connection
with Russia's extensive railroads
alarms manufacturers here and else
where. Consuls assert that all Europe
is swarming, as never before, with
agents of American manufacturers of
steel, street railroads, electrical appa-
ratus and all kinds of maohipery, who
are leading the commercial invasion.
The attempts to float Russian loan
in New York have been received skep-
tically here. Several financiels have
told representatives of the press that
Russia tried to raise money in London,
Paris, Berlin and Amsterdam, and that
she seems to have turned to the United
States as forlorn hope, possibly with
the view of reapipg incidental political
advantages. But, 1t is admitted that
it is question of a short time when
capitalists will have to reckon with
New York as competitor in high
finance. The Daily Chronicle COM
ments upon the fact that American
capitalists 'have the courage of their
financial opinions if they think they
know the European situation better
than the capitalists of the Old World. :"
There is muck interest here regard
ing the choice Of a successor of Ethan
Allen Hitchcock as ambassador at St.
Petersburg. 1t is considered that the
post demands the presence of the
strongest diplomat, in view of the en-
trance of the United States into the
East. Russia has sent one Of her
ablest men to Washington, though a
transfer from Washington to Constan-
tinople or Madrid has hitherto been
considered in the service as being a
promotion. Russia expects President
Mckinley to reciprocate. Mr.. Hitch
cock carries home with him the convic-
tion that Russia is still stanch friend
of America, which he has endeavored
to impress upon the state department
at Washington and on all influential
Americans he has met abroad. -