New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-09-14
GOULD FINDS THINGS GOOD
r,ntiu1istic Opinion of Business
Outlook in This Country.
roFETGN INVESTORS ANXIOUS
o ,,itics and Trust Gases Cause
Halt. He Says-other Finan-
ciers Back from Europe.

-,--eSsi1 GeCll1e Yesterday from 4 three
.-,,+hs' trip 10 Europe. Mr.. Gould said
go he had been kept informed on bust
- and financial conditions here during
= absence. and that so far as ne could
-. from the reports he had received
= business outlook was good.
II. remarked that during his absence the
-.,-.s ,v,xra2et had been rather fiat, which
:. attributed largely to political causes,
-. with his characteristic optimism, he
- that the present inertia, from what
.,.s- osafse il might arise, could not con-
.,,,.s forever Speaking Of the attitude of
.o,.isr Investors toward American securi-
~ NJ. Gould said:
Await Supreme Court Decisions
Foreigners are waiting anxiously for
,..s Tinted states Supreme Court decisions
=, TIE American Tobacco and STANDARD Oil
.ases and until the questions involved in
.bssa csses are settled they do not feel
,,te investing heavily IN American seCUri-
-,ss Much the same attitude seems 70 he
-.ssz toward tais matter abroad as Is held
nv she business interests of this country.
= the rast however. We have encountered
ms Is serious problems as those now pre-
ss,+s5 and have worked cat . satisfactory
salrrior J an confident that the present
<5,4arrI7ties VIII likewise work themselves
,,ut satisfactorily in time"
NJ. Gould added. however. that If poll
-i~s vas eliminated from business It would
.-ssSe an Improvement ia foreign feeling
n regard 70 American business and Amer
i,sn securities He said that European
s-reos were pcor. having been greatly dam
sze6 b. heavy rains and long continued
raid weather. but that apart from this one
factor conditions abroad were good and
ne outlook there promising
Thinks Rock Island IN Coed Hands.
Speaking Of the transfer Of s large block
n Rock Island preferred stock from Kuhn,
loeb & Co 70 Phelps. Dodge & Co. an
bounced last Monday. Ny Gould said:
u am glad 70 see that this block of stock
hss passed info the hands OF Phelps. Dodge
& 60. While q does not affect any Of the
rsilFssd properties in which I am interested
directly, Vet I am glad that Phelps. Dodge
: to have acquired this interest in Rock
Island They are good neiEhbors TO have.
and have no doubt that the Rock Island
VII be as much benefited by the change as
tse roa1 which Phelps. Dodge < &c al
ready ccntrol-that is. the e. Paso &
Southwestern. They have large mining
be 6 good connection for them 10 have as
e. outlet for their ores and other freight"
Daniel .. Reid. who was Z. fellow pas
sssrer v-tth sIr- Gould on the Kronprinzes-
stn Csc-lie. had this TO say in regard 10 the
recent purchase CT Rock Island preferred
stack by Phelps, Dodge & Co:
without making any comparison. Phelps,
Dodse & CO. are most desirable people to
-e-e 4-,-a gr-
Rock Island. They control large mining
interests and also the Fl Paso & South
-sste-n Railway. and this combination will
be FIR the benefit Of the Rock Island com
rsnr. I an indeed Erstifed 70 know that
-a-y nave acquired the holdings Of Kuhn,
Loea Co"
Coco Outlsek fer American Cereals.
II Reid, who has also been away three
rnaths said that he had spent most Of
nt tins motoring OF the Continent Of
b-rope and had observed that the grain
Yield therA vas exceedingly poor. He
Eadsd tiiat a our crops We're very bounti-
III there could be no doubt that Europe
Tpgld % a large buyer of American
cereals. zhiCh would have the effect of
keeping prices very high.
othsr nnsncjers who returned from
L27nne e. the Aronprinzessin Cecilie were
T NJ Rice. president Of thes Distiiljng
Company Of America: 7. 3. Thomas. presi- 1
cent Of the Lehigh VALLEY Railroad Com
FsHy, and Harry BTonner, a member OF
nc International banking house Of Hall
Esrtsn & Co
aF Flcs said that while he was in Paris
& mad talked with French bankers. and
Il1ged from Nhst they told him that the
French people were looking TO this coun-
~ for their investments. and that they
hsa Z plentiful supply Of money for in
f7srnent purposes.
Ny Thomas said that he went away for
feS- and recreation and had not kept IL
tclca with business conditions.
NJ B-onner, ia speaking Of the depres-
sen In the stock market. said that IL his
op'nlon the things which were affecting
slock market prices and foreign invest
Hsi1is IN American securities at the pres
~ Tine were the crops, the unsettled
.siiH conditions decisions pending in the
supreme Court and the interstate commerce
-''FsStgat-oB into the railroad freight