The Stratford Evening Post WITH WHICH IS INCORPORATED THE EGMONT SETTLER. MONDAY, JULY 17, 1911. AMERICAN TRADE.

Stratford Evening Post, Volume XXIX, Issue 123, 17 July 1911, Page 4

The Stratford Evening Post WITH WHICH IS INCORPORATED THE EGMONT SETTLER. MONDAY, JULY 17, 1911. AMERICAN TRADE.

Writing in tire columns of a daily contemporary on the general prospects of American trade, a well-quali-fied expert expresses the opinoin that long habit has made the American community unduly pessimistic about the immediate business future, and that a revival is possibly and oven probably at hand. The harvest uncertainties beween now and August and the doubt over such, matters as the price of steel are at present ’an obstacle. But unless some definite

cause intervenes to change basic conditions opinions grow very strongly that better times are coming. Observant people are in agreement with Mr James J. Hill, who remarked on returning from the West recently, that business throughout tiie country is already fairly good because of the harvest outlook, and with Judge Gary of the Steel Trust, who, speaking to the steel manufacturers at a recent Xew York dinner, declared that the fundamentals were never better than they are to-day, that financial conditions were never on so sound a basis, and that there arc many things which should make us feel absolutely certain good times arc ahead of us. Mr Hill has sometimes been classed among the pessimists; Judge Gary is always genially optimistic. This difference in their temperamental way of looking; at a situation adds interest, in the view of most financial people, to the agreement of their general opinions. The writer proceeds to say that in financial circles whose opinion is worth having the impression is that the needless dread created a year ago by the reckless utterances of ccrain important financiers and one eminent corporation lawyer, and by the sweeping biter dictum of one .Judge in a lower Court, lias now been fully removed, and that what the markets are experiencing is a natural sentiment of relief. But how far the revulsion of feeling will bo reflected in rising Stock Exchange prices and reviving; general trade may be still an open question.