New-York tribune., 1908-07-07
rlRY ON THE OUTLOOK
,,-rrFL TRADE IMPROPES.
,,,.u Re Brisk, He Says, When Re
.,,br;can Tictory Is assured.

- cary chairman of the United
Ex'o, corporation who viii sail to-day on
ss'ss -,,zessin Cecilie for SIX weeks trlp
the .lsrss a statement yesterday on business
s0Tcss. -,,cis conditions particularly win reler
and nHo sa steel trade. which he said had been
ence 70 'le - two weeks than at any time since
bsrter in the las' w
TIE pan assed the opinion that this Improvement
He eAp-ra.rtained through the summer and that
Foa'o :, BUSINESS would become prosperous once
The s,eo ..,r Of the Republican nominee was as
s1fed --..,5an+ Roosevelt for the effort he
ne = a, raising the standard of business con-
has na s soclared that multitudes had been con-
dues ~ .,o 5octrne OF square deal" and had
rerlee ]s.5 ~ 10 a keener appreciation of the old
been ~. honesty is the best policy" The full
fl+.,ernent was as ioio"e-
.bA viewpoint Of the United States Steel
from .;an az; -be iron and steel business has been
Corpols i-e Tho last two weeks than at any time
better - 5enression of last October Undoubtedly
since & the of tbe Chicago convention has contrib
the resu-s - "a This favorable condition The ten
reo , s1ce the beginning OF the ealenoar year mas
dsncy. .rsr5 improvement, with some fluctuations,
been ean al5fi1streuts in prices Were made in
unI ~ mart of June. when the placing Of orders
the st eea.s lines was practically suspended. This
n most most,,.a s. many of those who were contemplate
Nas eosS5fjenal purchases We're IN doubt as TO
ing a. ~ not there would be further adjustments.
.helleee- there seems 10 be general feeling that
low nrices have been reached, and this. coupled
betSo. =. satisfactory outcome OF the Chicago con-
VII, v1s,on w has Increased buying and also Increased
yentiisnst;ors yentisa. against old orders.
81 is hoped present condluohs VIII a. least pe
Ht..sined during the summer. although IL is not
nrecfed business viii he brisk or entlreIy saus1ae
tory feeling that the nominees of the Repub-
~ convention are absolutely certain OF elecuon:
Issh that time arrives II seems 10 some Oh US at
We the iron and steel industry OF this country
ri be prosperous Ihe necessi1es t, OF .ne .P9 Por
cnssEss rs ability 10 pay is greater than ever before
o. course the ,sfc9fio. asf fb Many of the railroad
.eo,sries are at present embarrassed by reason OF
the lack OF fuICs, D11 ,, tS i n-,1n ,snI, Of the
.-sr though gradually he overcome. Many @ ol 'e 1
t'S- tS-osd al companies have already taken steps 10
lIrca their requirements and al are beginning 10
aslize that money is plentiful and cheap ena easy
= a.S.atn when arst-class securities are orered
Al ma Io65siti6rs is the restoration of perfect
D--S5ence and that appears TO DC near at mana IN
l,snf l..S, II some departments of the agricult-
conf ,rler1ent trade. for instance, the sales per
dleTn are his Tos shows two things: That the farm
- fhe great wealth producers OF the country.
es%s confidence in financial conditions and that
ssT are satisfied with crop prospects for the year
4ba basic conditions Of the country are sound.
-. ~ All the moral tone Of the people has been
tl..Ssts5 Nultitudes have been thoroughly con
Tsrtsd to the doctrine Of square deaL IL ~
nave beer aroused to keener appreciation OF , me
Old maxim that honesty is me PeS1 POLE for the he
efforts ne mas +Ha'- PossibT in the determination
business a ,Iesia17s or in the methods pursued by
sog %ois+sles have been made If so. it is TO be
ianll me for = IS most unfortunate that the in
-ecsn+ should suffer for the offences of others
~ +hsT the motive has always been right ana
,s- the total result OF the policies of the present
.sTniristrston viii be of great and lasting penent
- -be paneral opinion Of grateful nation
Again i is dav Of conciliat1on and cooperation
bsfv4en competitors in business, prlnclpaI ana
crstorper the employer and the laborer, the gov
s-nrert and the citizen. the public and the moi
.isnsl Tie idea OF cooperation prevails e8ten-
re- sr5 is here TO remain. We shall al De Den-
-bzr financial conditions are improved ana I'M
-oTlnr The legislation recently enacted Is a step
= ne right direction. Next autumn VIII not WI
-sss reperirion of the scenes OF OCTOBER, 1SOt
Tss-s viii probably be worked out a hnanclaI
s-s-err which viii provide funds for the expansion
~ oonrraction Of the volume OF business ana ioI
+5s immediate wants oftparticular localities Whch
result from the exigenciest tof the time ana place
The nation is rich and rapidly growing rlcher- II
rar17sres most favorably with all other nations lts
oyprtunities in the direction OF material grown
ga greatest o. them ali. If one but gances at me
fzurts relating to the increase in populatloh ol S5u
afpnsl value Of production annually, OF the NaIue
of p-operty and amount Of money IN the treas
u-ies ana The banks and in general crculatlon one
K amazed al the enlargement in resources ana
financial strength Of the country The wise are,
even now preparing to reap the benent whlcn Will
result from these conditions when the uoe OF
business fully returns. We shall Go business on a
basis somewhat different and very much better
than il has been done We shall be more eau
tous look further ahead. keep more closely WlI1n
the limits Of our resources but We shall nave con-
aience ia the future.