Milford chronicle., 1904-09-23

Henry G. Davis said in his speech ac-
cepting the Democratic nomination for
Vice President:
THE APPREHENSION WHICH
NOW PREVAILS IN BUSINESS CIR
CLES AND THE PRESENT UNSAT-
1SFACTORY INDUSTRIAL CONDI-
TIONS OF THE COUNTRY, SEEM
10 DEMAND a POLITICAL
CHANGE"
When Mr.. Davis said this. his acute
wish to be the Vice President of the
United States. through the success in
November Of the great party OF calam-
ity, must have been the glad father to
this thought about Apprehension in busi-
ness circles and unsatisfactory indus
trial conditions
The accumulation by Mr.. Davis of an
enormous fortune, so that he is now con
sldeted the richest man in West Vir-
glnil. would naturally leld 10 the SUD
position that he must be in touch with
conditions in all branches Of trade and
IN tae great markets Of the country. and
therefore ought not to show a gross ignor-
ance of developments in the business
world. such as his speech of acceptance |
showed.
More Property for Davis
Adht tie ttdl luuuStfy, IJF instance, !
out of which Mr.. Davis has secured the |
most Of his vast riches, and on which |
he ought to be specially well posted.
What is the present status Of this in
dustTy? Does it reflect apprehension in
business circles? Does it show forth un
satisfactory industrial conditions? The
Bllck Diamond a leading organ Of the
coal trade. in its issue of Sept >, re.
viewing market conditions. says:
General trade conditions pertaining
to coal are more encouraging this week
than they have been at any time within
the past six months Coal companies
which have been keeping their expenses
down 20 as low limits AS possible during
the sHamer are beginning % expand
They are taking on new travelling men,
preparing to increase their advertising
aud are making preparations wh."l in
dicate that they expect large volume Z
OF business from this tina forward. This 4
confidence in itself is an Indication of bet. D
ter things in the coal tcade 1t shows
when it becomes general in the way it
has during the past fOrtniGh, that all the q
principal factors in the situation are 2
gauging the outlook from about the same r.
basis and that this is conse .vatiye one. :
In the bituminoua list the greatas, i,
Improvement has occurred in domestic a
Goals Early orders are coming in Quite n
freely and mark difference as compared :,
with the conditions whieh existed
month ago at this time" r
Mr. EckeIs Secures Testinony.
The Commercial National Bank of n
Chicago, whose yrcsideat. James H.
Eckels, is on the finance committee Of
he national Democratic party ana is u,
hairmaH of the Democratic State f2ance "
committee of Illinois, every year complies u,
comprehensive report as to business -;
oaditons in the United States. The ~.
'1nS this year addressed inquiries to a.
very bank and banker in forty-two Of ~,
he leading cities and to9vlS Of the Unit ,,'
d Stit', Replies were received from ~
'342 int tior aad city banks
These reports, published Aug. Is. al- ~,
lost without exception indicated that r.
ne banks are well prepared to finance ~
he maturing crops. The banks Sum- aI
nary Of the reports says: IN MANY
EttiHNS FARM LANDS ARE IN -,
kEAS.'G IN VALUE. AND AL. a., a.,
lpSi WITHOUT EXCEPTION
AitMER ARE SAID TO BE PROS -.
..e .t
The prevailing condition of trade at in ,,.i,
" L.
ons are reported as good as last year. r .''a
ankers report generally fair demand ;e 1'''
It money, but none reported an evres. -. o..
We demand. Deposits now are station. "'
y but THE AGGREGATE
OF DEPOSITS HELD BY s eAt
OGNTRH BANKS AT PRESENT 80. ~
GREATLY IN EXCESS OF THE ''iil
MOUNT HELD ONE YEAR ago.
ND ESPECIALLY so IN THE ;.''o ;.r
)UTH." ing
Rise in the Stock Market. 80.
When there is apprehension in bust tha.
ss' the stock market is always quick ans
feel it, and to discount trouble. The ria,
lowing review of the recent course Of roe
= stock market is taken from a LEADING a.,
ancial paper: o.,
There has seldom been period in he +
OK market history when such impor- or a
II net results have been ACCOMPLISHED cI,1
during the month Of August. Aver dent
advances in August Of about nine n
nts have been added to average ad. tho
ices in July Of about three points Won
ere has been altogether a 12-point saall
in the market since July 1. and vet p,
very important appreciation has been stnr,
gradual and even from day to day to min,
e aroused much public interest. and
Nearly every day durng the last few rood
ks the stock market has made now trioI
records for the year. But the ad d,os
reS have beea nOn-sensational. There desoe
been nothing at all pyrotechnic about And
n-notbing to suggest that as the C,r,,
et shoots upward so will the stick m,
'e mother earth with a thud. seen
{ is the aggregate of small investors ni9o
have lately been Keeping quiet. but zen
ng wood that has given the market he tr
higher impulses. The big inward ofr.o
'ment in stocks that was predicted bv FL
after the elections has conseouantlv tIi,
rather prematurely forced. 1t has sncb
too quickly aad quietly for either hair :
public or professionals 10 gct in at noss
tart and on important a scale ms ncvt
q have caused an early large accu- is H.,
ton OF profits. The market has nhot
ly gone up. because quite large issues
'er Of investors with only their
ION sense to guide them have con. The
d there was no reason for appreben- law, W