New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-11-02
A. A. Housman e. Co.

wall Street, in our opinion, is no" an
ticipating a period Of credit and currency
imitation. Its effect upon all prices Is
bound to be bulish at first. The ultimate
effect will remain TO be seen. III the eN-
pansion is properly directed there is no
reason why the after effect should be as
agreeable ANYWAY. that is rather far
ahead: what we need more to be inter
ested in is the probable immediate eHec|
That will be without doubt to advance
prices of securities and commodities anu
probably to avert a certain amount Vi
liquidation which might otherwise nave 10
take place. In short, business men all
over the country are counting upon great
er supplies of money and credit TO oilset
the effects of downward tariff revision
where those may be unfavorable.
Henry clews G. Co.
THE stock market is under the lnhu-
ence of a condemnation OF CONNECTING
tendencies There are some features de-
veloping of a more encouraging nature
but at the moment these appear 10 VIC
fully offset by continuation of several Sc
rious uncertainties Chief Of these is the
Mexican outlook, which since the failure
of last Sundays election has entered an
entirely new phase. President wilson
hand is now comparatively free, because
the question Of England, Germany ana
France recognizing Huerta is uponsa new
basis"
Posner & Co.
"In discussing the affairs of the securl,
A.
situation is the one that should receive the
most attention. In this line OF thought
you must give due consideration 10 lot
eign as we'll as domestic conditions. Inc
potential factor of tariff reduction mas
brought the business interests Of the coun-
try face to face with hard facts that 10
them are unparalleled. From a practlcai
point of view, the real gain to the people
of the United states from the reduced
tariff will be infinitesimal in comparison
with the profit for the foreign manufact-
urer and exporter. This is not theoretical
reasoning, as it has been proved time ana
again in mercantile circles that Foreign
business men are able to cut their cioth
70 meet the contingencies that arise from
time TO time by the changes In laws IN the
countries they deal with.
Wrenn Bros. G. Co.
"Cbief among the influences which are
lending, for the moment, at least, TO h"Ip
the market is the Improvement III the
monetary situation at home and aoroau'
Probably the principal significance OF t"e
OF the German bank rate h'S
In the fact that il was made in OCTOBER
whereas the severest strain upon the Ber-
lin money market usually occurs in De-
cenber. II seems "A fair Inference that
German bankers are decidedly cohIueh''
Meanwhile every week that the BANK OF
England postpones further raise III I'S
rate renders such "A raise the less Ilh'E
10 occur, as the London money market -
usually under the greatest strain OF the
vear during the month Of November our
imports OF gold are perhaps doubtful
blessing. az they may tend TO bring ABOUT
q raise in the English bank rate. The
course of the market seems still 10 he
principally a question OF the supply "i
money and capital. and In this connection
# is gratifying that new security issues
thus far this year have totalled ohIS
about 81 800 O0J.0JO against N,spVoV" duI-
ing the first ten months Of last year. We
are still in the season when the crop
movement and the autumn trade tend to
absorb money employed in Wall Street
but in a very few weeks the seasonal ten
dencv will be for this money to no" back
into Wall Street
John Muir & Co.