New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-08-14
NOW FOR A MIGHTY BOON.
ALI, BRANCHES OF TRADE FEEL THE
EFFECT OF PEACE.
,,.s,>rss MN LOOK FOR AN ERA OF GREAT
PROSPERITY EVIDENCES or EXPAN-
sion OF BUSINESS

After the first burst OF genera eh'h"sidS'"
that swept over the country at the announce
ment expected as I; vas. that the pro'oeoi nao
heen signed and that peace had practically ar
rived the business men Of the Cnlted States
turned their minds to the immediate results that
might he expected They have made up their
minds that nothing cen now stop the great
hus,ness boom that seemed almost upon the
country when war was declared They believe
that unless all signs fail the United states mas
started in upon an era OF extraordinary pros
neri,y and that gigantic boom pernea'ihe
every branch Of commerce Is now 70 be expect
ed in every quarter. II is widely held 'ha' '"e
business world has simply been holding pach
for the war to Close.
Now that peace il an accomplished iac'' n''"o
ing TO the country the highest praise ana circuit
and the deep respect OF all the nations % '''e
world it only remains Tor American pusn ""D
enterprise TO make lie closing years q '',
nineteenth century memorable in the ahiiais y,
trade. Capital which las long been aia'i
nv fears of foreign complications growing ou' -
the war, to say nothing of the dread ihsp'ieu "
the free silver agitation. IS now reaus ~
take new enterprises as well AS 10 oeNe'oi '''''e
o,readv established. The currency question no
longer affrights. Republican conventions III AZ,
.actions of the country have given the soio
while on the other hand Democrats are Saying
u,,ie concerning silver. The cry of free silver
"a dollar whoa" has been lost to the Demo
cratic school e oratory
STOCKS sTRONG AND STEADY.
oo,, n,orke, the pulse of the Nations
health and financial condition. is to-day s'ea"s
.nd strong. Not since April 1S93 have the
sxtv most active railroad stocks reached so h'sh
=. nn,n, an average of SCI II per share. Inc
r.nor,s of earnings FOR half the mileage OF the
country shows IL per cent larger thah las
vear Officials of railroads. III spite OF rae
wars are in a happy frame of NINA. l"o,'
properties are doing large ana prohtaoie '''
ness with an enormous traihc TO coihe' an"
In sight The so-caed Industrial STOCKS nav
,,,r..sed of late extensive transactions WITH
a steady advance of price United states hu'-
her United States Leather. American Mal'rhs
American Tobacco. National Biscuit Ne" yin
Air Brake. Tennessee Coal and lron' A'"eii'"
Cotton Oil and others of this class nave d"
moved UP in the scale Of prices In spite u ''"'
raids .,..,..
Tho renort of the Department Of Agriculture
recently issued estimates the crops q" al q"
mos, unprecedented basis Wheat. corn and COT
ton all give promise Of large yields. Last year
the Western farmer paid off his mortgages ana
this YEAR will find him in a position to buy gooas
as he has not done for years
The prosperity in the West Is already a source
of great satisfaction TO manufacturers ana 'oo-
hers No surer proof Of the surfelt OF nohes
beyond the Mississippi is needed than the iao'
that diamond houses have experienced such
rush Of orders from that section tha' na'
b<en found almost impossible to supply the oe
mand Men begin buying precious stones only
when their accounts show surplus
me demand In the iron and steel trade Is
heavy particularly In the latter, and the p''oe
At Pittsburg has advanced from sl4 oo u
s1525 Manufacturers OF structural oeaihe
cast pipe and rails appear to be CROWDED 10
their utmost capacity. both in the East and
West
From the moment when Spain sued for peace
.ohhers and wholesalers have been almost over
whelmed with the number and size OF ORDERS
This has been going on for the last two weeks
ana now that peace has really been declared
avery industry seems likely to be made TO throo
with a neveiife Mills that have long been inie
will start up and employment will be given 10
thousands now almost reduced to poverty Inc
demand for woollen goods is on the increase
while the Fall River cotton mills are saio 10 NC
running full time. Eastern boo' anu s"'o
manufacturers have made large shipments our
ing the last two weeks. and report that future
business is full Of promise
HEAVY DEALING IN MACHINERY.
Traffic In machinery has been unusually
heavy and the big plants are crowded almost
TO the wall with orders still pouring IN. A re-
cent shipment OF harvesting machinery from
Chicago consigned to different points IN the
East was valued at 100000 while the western
roads report that they have carried more ma
cbinery to Texas Idaho, Montana and the Da-
kotas than ever before
Yesterday London became wholly buyer III
the stock market for the first time in weeks
The New-York Clearing Houses weekly stale
p,ent Yesterday showed that the loan account
had increased slOOOO000 over the big showing
made the week before. Since May | the out
standing borrowings have increased S0o.VnVb,
making altogether the highest total OF loans
ever made by New-York banks. With pros
pcrity ahead every one now needs money 10 IL
crease trade There Is plenty OF H. Inc DahhS
have enough to supply all requirements 40
SIGNS Of disturbance threaten the financial "u'-
look Heavy investment buying by the out
,aa nubuc WAS feature in Wall Street all
through the week transactions on some days
reachtng 100000 and $4,000 shares
G II. Webb of James II. Durham q Co. dry
Goods commission merchants. said that business
was very light early In the season. pu' no"
things were booming ard the situation was all
tbot co,,Id be wished. The close Of the war nad
evidently resulted IN return OF confidence. ana
there were now merchants In New YORK from
most Of the States OF the thioh' ihc'uu'"s
Washington Utah and Ari2ona
George L. Putnam. OF Sweetser. Pemorook q
Co. said that every merchant from other states
now visiting the city reported gooo uusiness
pf ospects In his own neishborhood The only
thing that could possibly have bad effect was
the dread Of yelloN fever In the extreme SCUM,
ern States. but now that peace was ass1'eu e.
better sanitary conditions would prevail IN
Cuba, and II probable that this annual
scare OF fever would be abolished
SHIPPING CIRCLES STIRRED
In shipping circles there is the liveliest in
<xr>ot over he esta lehu " peace and Il