Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1898-01-05
Rusiness outlook for 1898.

The prospects for IA prosperous year
in the United States have engaged the
attention of many of the financial pupll-
cations the past W months Many Oh
them can see nothing particularly orlgh'
ahead for the industries of the land pnI
these have been biased in their views by
their free trade proclivities. Others have
professed to see some Improvement
promised. and the best of these forecasts
is published by the banking house oil
Henry Clews & Co.. of New York.
During the five years that our material
interests have been in a condition OF
COLLAPSE. saws their circular issued last
week. we have made an addition Oh
5000. 900 to our population, nos OF
which must be regarded as going to the
increase of our productive capaclty-to
swell the production of our mandlae-
turers rather than of agricultural prod
uce. Within this period we have oeeh
subjected to Il necessity for diminishing
the costs of production which, together
with the new productive inventions, mas
enabled us to adapt ourselves to the con-
stantlv declining tendency OF prices
and conspicuous facts clearly emoh
stratc that. in certain important maus-
tries. we have already reached a
positiou where we can compete sue
cessfully in the foreign markets with
the foremost industrial nations o.
the world. This is no transient accl'
dent of extraordinary time, no outcome
of a necessity to unload surplus stocks
regardless of price; it is the consequence
of our having gained a position IN ao
vance of other nations in those coloi
tions which conduce to cheapnesS ant
excellence of production. rms Is al
achievement of %stupendous Importance
For. as already said, we have reached
point in our national development d
which nearly our entire large lncreas
of population must go into lndustfle
other than agriculture; and that make
if imneratiye that we be able to compel
with other countries in the all-cohtfo
ing factor of price. 1t is in the hlghes
degree gratifying that we seem TO .
reaching that position without the II
prevention of IL great industrial crasi
which too easily might have proved d
inevitable step in the transition.
now only remains that we III
A breadth of new markets sun
Gent for our charging surplus {
manufactures. Most op%poft"nei
V the drift of political events is placll
that essential desideratum within OF
reach. The events of each s"ccessi
% day are making it more certain ina /
It 400. oOo. 900 of Chinese population arc
" be placed within reach OF the lhoustr'
,s nations. This fact means that 1873
f. to be a wear distinguished in history
the opening of a great new commerc
n era. For us, it remains that we see
it that no opportunities are lost thron
our supineness for gaining our q
kc share in this prospective new DINNER
r. Apart from these new prospects,
ny outlook for 1898 is full OF promise.
of may be safely expected to turn OUT 10
M a realization of an expansion OF busln
tut for which the recovery OF 1897 mas
" served to prepare the way. a ooc"ml
it lust issued by the Merchants assoc
ton of New York. which includes mt
of the foremost merchants OF TINS G
I" states that 1898 promises to be one
>a the most active business years III
vi history of this city, which expresses
nc general expectation of men OF huSln
at this center.