| Show THE OUTLOOK since our last editorial on this subject there has been still greater loss in all the principal active stocks of the country about fifty of the leading copper and other mining stocks now show a loss of more than from high points of january last the financial barometer has shown a considerable drop since the of december last when it stood at on june ath it touched there have been many attempts to account for this decline in the financial condition of the country the money situation is not so bad and yet the industrial condition of the country seems to be at a low ebb orders have been given canceling contracts for millions of dollars worth of cars and other equipments for railroads and many of the mills and factories of new england have been closed or are running at only part capacity one of the disturbing features however is the apparent antagonism against the railroads the relations between the great transportation companies and the people in should be more amicable if there could be some court established to arbitrate any differences giving the railroads fair treatment and the people a square deal much of the difficulty would be removed and there would be less frequent disturbances of the industrial and financial condition of the country there is no question as to the great benefit resulting from the building of railroads and the improvement of the equipment the country owes more to these great financial undertakings than can properly be estimated very often the people very unjustly complain against what is to their own best interests and seem to think that great corporations are a legitimate object of attack both the corporations and the people have certain rights which should be respected the outlook for the market is still somewhat uncertain capital is waiting for some settled condition probably not until after congress adjourns and the effects of recent legislation are manifest will we see much improvement the indications are good for large crops and in the fall there will be considerable free capital ready for investment on favorable opportunities the courageous investor often takes advantage of just such conditions as are now prevalent locally there are many things to indicate that we shall see quite a little improvement pro during the fall the settlements for ore and bullion are averaging better than a 50 per cent increase over the settlements for the correspondent months of last year mining conditions are therefore favorable vo rable the development work is going ahead on many of the prospects in the different mining districts of the country and in some of these the showing is encouraging |
