What Some of Boston's Financial Leaders Say of the Outlook
Boston financiers weigh the year ahead for 1911, offering cautious optimism and warnings. Banking figures, merchants, and investment officials share views on trade, interest, and market conditions shaping the coming year.
MENTIONED IN THIS ARTICLE
Boston
Outlook for 1911 Reflects Slowing Prosperity and Cautious Recovery
James A Parker NE notes that prosperity has faded from 1910 and confidence in the future waned as overextended credits warned of a rough year ahead. Corrective liquidation and improved banking conditions are seen, with a cautious revival later in the year and further declines possible if labor disruptions occur. Prices may stabilize as these adjustments progress.
MENTIONED IN THIS ARTICLE
Ilguieve
Ex-Gov Rollins predicts 1911 bond market gains and cautious optimism
Ex governor F W Rollins says 1911 will mark a revival of constructive conservatism and a reaction against radicalism. He expects easier money, stronger business confidence, and an active bond market with high quality securities available at attractive yields as railroad investments hesitate and municipal bonds rise.
MENTIONED IN THIS ARTICLE
Interstate Commerce Commission
Optimistic View of 1911 Readjustment and Markets
William F. Fitzgerald argues for a cautious readjustment of laws to aid business and investor protection. He notes improving trade balance and crop strength, warns against haste, predicts a 1911 stock market bull structure, and cites rail rate debates, Supreme Court decisions, and abundant liquid capital as foundations for better times. He contrasts 1910 with current conditions, urging confidence and prudent policy.
MENTIONED IN THIS ARTICLE
Germany
Union Pacific
Interstate Commerce Commission
United States Supreme Court
Standard Oil
American Tobacco
Supreme Court
London
Paris
Berlin
New York
Retrenchment Signals Quiet Business Outlook
Col. W A Gaston, president of National Shawmut Bank, foresees a prolonged quiet period in business with retrenchment visible across manufacturing and commerce. He believes gradual readjustment will restore normal activity and keep capital and labor employed, noting prosperity hinges on the health of business and predicting no hard times ahead.
1910 Year End Outlook From President Burrage
Harry L. Burrage of Eliot National Bank surveys 1910 noting a strong crop year yet overall business unsatisfactory due to unrest over corporations and high living costs. Banks prospered on high rates, while merchants stocked cautiously. He predicts better sentiment and a sharper 1911 upturn as prices ease and Supreme Court decisions clarify corporate action.
MENTIONED IN THIS ARTICLE
Supreme Court
Optimistic view of 1911 for railroads and industry
H E Hammond of Schirmer & Co argues that despite 1911 pessimism the U S will not permanently halt railroad and industrial development. He notes 1910’s arrested growth, stock market liquidation, and widespread economic strain but maintains faith in continued expansion and sensible reasoning supports this outlook.
MENTIONED IN THIS ARTICLE
United States
Promise of Prosperity Through Smart Regulation
The author predicts a bright year ahead with fair court decisions and safeguarded property rights. A social revolution has occurred with minimal disruption, and intelligent commissions on tariffs railroads and labor will curb corporate and political harassments. A brief pause in business will teach economy before renewed progress.
Optimism for New Year as Phelan Sums Economic Upturn
James J. Phelan of Hornblower and Weeks notes many disappointments in business and politics last year but highlights a favorable balance with bumper crops totaling 9 billion dollars. He cites falling commodity prices and high employment, projecting optimism for the year ahead.
Hopeful Outlook on Economy and Copper Prospects
George Napier Towle asserts a coming change in U S economic mood and policy while noting thorough liquidation and a strong copper sector. He predicts Congress action, tariff reform, or a Supreme Court decision may lift pessimism, expressing optimism for 1911 after 1910.
MENTIONED IN THIS ARTICLE
Interstate Commercce Commission
Congress
Supreme Court
Financial firm changes shuffle partners and leadership
Multiple Boston and New York brokerage firms announce partner admissions retirements and leadership shifts. Bartlett Bros. & Co. gains Hooper Hooper. Kidder Peabody adds Benedict and Sargent. Fogg joins R J Day & Co.. Morgan & Bartlett members retire. Harris & Co. prepares to become Harris Forbes & Co.. Peabody retires from Lee Higginson. Hinsdale and Porter openings planned. Hooley & Co. continues with remaining partners.
MENTIONED IN THIS ARTICLE
Granton H. Dowse
Bartlett Bros. & Co
Hooper Hooper
William Ll. Benedict
Charles Sargent, Jr
Kidder, Peabody & Co
New York
WH. K. Morgan, Jr
Morgan & Bartlett
Wall Street
A. J. ©. Brown
Charles M. Bull, Jr
N. W. Harris & Co
Harris, Forbes & Co
N. W. Harris
Allen B. Forbes
George Lee Peabody
Lee, Higginson & Co
Francis Lee Higginson, Jr
George S. Learnard
New York Stock Exchange
Hooley, Learnard & Co
Learnard
Fim
Boston
Edwin 8. Hooley
Frank FE
Brumley
Stock Exchange
John B. Chamberlin
A. G. Hooley
George H. Johnson
Edwin 38
Also Mentioned on This Page
William
Fitzgerald
Anne Whi. A
Gaston Cooryright E. Chichering
Harry L. Burrage Photo
Chichering
W.m.wadden Perets
James A. Parker
Charles Head & Co
Frank W.rollins
Kimball
George Napierstowle
Samiel J. Phelan
F. W. Rollins
E. H. Rollins & Co
William F. Fitzgerald
of Fitzgerald, Hubbard & Co
Col. W. A. Gaston
National Shawmut Bank
Harry L. Burrage
Eliot National Bank
H. E. Hammond
F. A. Schirmer & Co
W. M. Wadden
F. H. Prince& Co
James J. Phelan
Hornblower & Weeks
George Napier Towle
of Thompson, Towle & Co
R. Ju Day & Co
George P. Fogg
Fogg
Harry H. Bemis
Adams & Co
Congress Street
Walter B. A
Alonzo B. Locke
Josiah B. Chas
Yavet & Porter
Devonshire Street
Baring Brothers & Co., Ltd
Milk Street
Boston and
F. A. Schirmer
R. W. Emmons
J. A. Caldwell
THE
John Hancock Building
Towal Buts
Harry ST. Burkrage
William J. Mandell
William P. Bailey
Rtr
Levere
Henry B
Harry
Edwin H
National Bank
LW Eets
Garrard Cowly
William I. Edlemsor
Cash J. Louis Harvey
Ctvors
Tuckerman
Prague
Waragher
ABBOT
Edwin FF
Fred. W. Estabrookn
Charles F. AY