New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-07-28
The Financial World.

Advantages scored in this weeks stock NASH.
are on the side OF advances a few stocks b,
acknowledgement influences operating "a =,
each of them-none of them rejecting ean.-a,
business conditions. Southern Railway sba-o.
conspicuous on the declining side show ws,,.
ness greater than others-but weakness ra,~
tIveIv small beside the hubbub causes bino
dronled in Carolina. Illustrative of victint
ton through pOIitiCO-finanCe. there has hea, a
American corporation history nothing quite a..
preaching what i'm this example is displavsa
In All likelihood the final result will corrobOro4
the Geographic assurance yesterday quoted 4,
Wall Street from a Southern Congressman, aT
a very little while conservatism viii rule an,
common sense triumph; hut such rule az
such triumph will be far removed from the bv.
! terra and worse recently controlling. Con6srs.
ton undertakes new recklessness in perform,
ances like to this menacing the foremost system
Of the South.
IncdentaIly-from the Stock Exchange stand
point-the strength, the actual buoyancy. OF NJ.
Harriman's Union Pacific and Southern Pacie,
are significant of Improvement which can conn.
despite tempestuous pessimism-aII Wall Strea,.
rank and file for months past inventine and sv
plotting declarations that those properties vsra
10 he sacrificed by governmental campasy,.
i Every gambling wiseacre has throughout +h
year been sure that indictment and punsbnsD,
IN
speculative quarter has obtained any tbso-,
! even remotely suggesting that Mr.. Harrnar
and his corporations could count upon judicial
treatment and fair play. And-hagrant ~.
been the emphasis-they who in the fnarri,I
world seem closest to Mr. Hartman and thu
Hartman corporations have been particula,v
urgent and oracular in proclamations Of nh.
sort insisting that square deal policies were s~-
hausted But the net result is what2 The
square deal is assertfve. Fair play does prevail
J That which was clearly bad has been disclosed
bulletned, condemned-vhiIe Just as clearly and
forcefuIIy presented the telling facts that
testify 10 the betterment. development ami
physical whoIesoneness Of a western raIvav
| system rounded out beyond any other recon,
known For the vast good things that Mr. Hsr.
riman brings about the National Corrr,ere.
/ Commission gives certihcaton and appIauss.
| there IS no attempted avoidance no stint in an
/ prOval; just as 10 the bad things there is m
/ acceptance Of excuse. no willingness 70 gJosz
! over. Close indeed TO the ideal approaches sov-
! ernmental conduct Ike this. In it nowhere =,
I there warrant for any investment apprehen
/ sion. no possible excuse for pessimistic preach
/ ing-and that Wall Street in its calcuIatinr
/ moods understands and appreciates this is con-
| spicuous among this weeks market record.
| Southern Pacific advancing over six fun points
| In some rather curious incidents We have nav,
exhibits of corporation batting by way Of utjra-
| ton started or threatened. MANY good s,rr,
reached some tine ago the conclusion that nav
IorinaHces OF this sort We're over. grown unfash-
| ionable because improbable Evidently how
ever, this optimistic notion is subject 70 corrsc
! ton Take. for example. performances ar tina
| current meeting Of Westinghouse shareholders
| Mr.. Westinghouse. presiding. is subjected 10 a
| fustIlade Of inquiries. comments and innuendoes
! intended, whatever their irrelevancy. To be an
| noying-until he is incited 10 remark TO an in
| quirer reciting over and over again an answered
| question; Il fear You do not really want to
know" In this calm. perhaps not soothing
comment is the summary Of much philosophy
/ for, as fair minded men have ample opportunity
70 appreciate there is scant fairness IN the pur-
suit OF corporations thar dare 10 attempt 10 keep
step with national expansion
/ Money market conditions do not materially
change. Neither the West nor the South has
made any such demands as in the Spring vera
/ forecast by would be lenders That We are
! going 10 have something less than normal ease
IN funds is doubtless a fair CaICuIatian-bur ex-
( cited disturbance and trouble are hardly sensbls
/ expectations
crop prospects are all good proportions
| tinuaIly improving since the last governmental
/ report Returns Of winter wheat harvesting are
more than satisfactory both as 10 yield per acre
! and character Of grain Forcing weather has
/ prevailed In the Northwest Spring wheat coun-
Try; and by strange coincidence while prospects
/ for the American crops improve they diminish
in Canada and Europe. insuring an inmedlats
market for every surplus bushel We can raise.
The decline in wheat prices in home markets Is
frequently interrupted by foreign demand. main
tanning a high remunerative level OF quotations
for our agricultural producers.
| In mining the records continue 20 mount sub
stantially. From Nevada and elsewhere current
sAowiDgs pass the phenomenal over SI2.000,1OO
Of new gold and over $50. 600. 900 OF copper PEI
month coming now from our mines. while
silver and lead mining expansion keeps CORE
spending pace. on this account rs well as
through its agricultural wealth the West pros
pers far and away beyond most roseats antici-
patton Not at all strange is II that there should
he pressing investment demand for proved goA
and copper mining stocks. the Heinzs properties
natural favorites. United Copper pays the sanhs
dividend Anaconda. but IL holds better Davis
Daily and Ohio copper are two new Henze mines
FOR which wonderful things are predicted MIL
ions are being spent 10 open up and equip them
under the personal supervision OF Mr.. Henze
Amalgamated inclines to act badly. though no
body seems 10 know why Raging mine nres
which may take a long time 10 extingush keep
some of the best Amalgamated properties closed.
providing a possible explanation for this weak
ness But informed mining insist that
AInalgamated is worth much more than II sells
for and that so is Anaconda
American Smelling does not respond TO the
I NIaFuV