New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-07-29

I
and economic, caused more by the appre-
hension OF what might possibly happen IN
the Presidential campaign than b. real
| facts tending to bring about period q
financial loss. The people have studied
! the political situation carefully. and have
come TO the conclusion that there Is no
necessity for any apprehension as to the
attitude Of the government toward bust
ness conditions for the next four years,
and their study Of economic questions has
| likewise failed TO disclose any cause which
would OF necessity bring about panic.
For this reason We think confidence Is
being renewed along all lines"
Georgia Railroad Bank, Augusta, Ga:
Your first question. as 10 business I'M
provement-I will answer that our busi-
ness improves gradually every year.
While We are not making any very great
strides IN Improvement, still the growth
Is healthy and we are satisfied With the
same.
Your second question, as regards TO
other institutions OF a similar kind can
not answer, az DO not think ali OF them
are prospecting, but 1 have no doubt
great many are doing healthy and sat
isfactory business.
Your third question. as to whether we
are beginning a period of renewed pros
perity, will answer and say that this IS
extremely doubtful The generally unset
tied condition Of the country and the high
prices prevailing. in my opinion, do not
tend to bring about renewed prosperity.
I'm a general way am satisfied that
this country is afflicted with too much
legislation and too much litigation. II
all the state legislatures and Congress
should never meet for ten or twenty
years think e would be the best thing
that could happen 10 the country. The
labor problems are perplexins, and get
ting more so each year. Congress should
pass some very stringent laws on the
labor question. and strikes should be
eliminated IN all events.
ct believe II Congress would pass a
good, plain, common sense, practical law
upon this question, all differences 20 be
submitted to board OF arbitration fairly
appointed. and labor should not combine
any more than capital, which, as YOU
know, has been before Congress for years.
I think II would settle the labor question
and bring about renewed prosperity. Thu
values in all lines are inflated and far too
high for any country 10 live under pros
perously."
Well, Roth h Co, bond house, Chicago;
Being more interested in municipal
bonds than in railroad or corporation
bonds, am in better position to ex-
press an opinion on city. county. school
district and other bonds payable from
taxes than on the former class Of bonds.
Up TO about eight weeks ago the mu
nicipal bond business was very flourish
ing. Not only with ourselves, but I be-
lleve with most other dealers. Suddenly
the demand seemed 10 soften. 7 attribDt.
this mostly to the fact that prices have
Jumped somewhat and investors were not
willing 20 pay these advanced prices ard
also 60 q considerable extent 10 the poitl-
cal situation.
Sooner or later investors will realize
that they cannot get the bonds at lower
price and will then forget the advance
ment which has taken place in the last
few months. AS 10 the political situation.
even though the Progressives should win
OUT / feel the municipal bond business
will improve, for with the Progrc ssives
in power many large institutions will re-
fuse TO enlarge their business, and money
which would otherwise 60 into business
channels will be invested in very con
seryative bonds.
ut is practically an assured fact that
we will have excellent crops.
Taking into consideration that ne will
have good crops and the above men
toned other conditions, Il is practically
assured that we will have al easy money
market for some months to come
An Of the above. IN my opinion, cannot
help but bring on a good demand for
bonds II is hard 20 tell whether this bFi
demand will come next week, next month
or next fall. but my personal opinion !"
that sooner or later in the immediate
future there Will be an unusual demand
for municipal bonds. This naturally Of
course will advance the prices
Marshall Field &; Co., Chicago:
Replying TO your inquiry OF the 18Th
inst, regarding business conditions. We
are pleased 10 say that. speaking from
the standpoint Of manufacturing distrib-
uters. underlying conditions as we view
q
has marked operations in the dry goods
world during the last year or more has
promoted q healthy condition. Through
necessity tho theory that profits are de-
pendent upon carrying small stocks and
turning them often has rapidly peITneated
retail circles This evolution I'm mer-
chandising methods has placed retailers
IN q position not only TO take advantage
OF prosperous conditions, but also 10 meet
depression should Il come.
Business during the last SIX months has
shown the normal increase that should be
expected, but the total volume OF business
in retail stores has been somewhat cur
tailed by the late arrival OF warm weather.
Political conditions are exerting very
little influence in the drygoods world. az
merchants have learned through expert
ence that demand Is not regulated by 20
litlcal prospects.
The crop situation Will have a very
immediate influence on the drygoods bust
ness during the coming months At pres
ent the crop outlook is promising in most
all sections OF the country, especially so
in parts where almost q total failure oc-
Cured last season
Collections, which are always a sensi- |
tive barometer OF Fundamental conditions !
are riinning normally as compared with !
year ago
Prices OF staple lines OF cotton goods |
woollen goods are higher. Advances in