The daily silver state. [volume] (Winnemucca, Nev.) 1903-1907, 1903-12-30
NO SINISTER SIGNS
ARE APPARENT
Prosperity Is Still With the
Country, on More Stable
Basis Than a Year Ago

conditions In trdQe last week were
rather mixed. but on the whole salts
factory. 1t being Christmas week there
was naturally little doing in wholssal
lines nor will there be until after the
turn OF the year and perhaps well
along toward the end of January. Busl-
ness is always quiet at this season.
With the turn of the year compare
tive statements from the different lines
will begin to come in and we win then
know definitely how 1903 stood as com.
pared with 1902 1t is not expected to
make the brilliant showing of 100.
the banner year, whose record will
probably stand for some time to come
Commodity prices have shrunk NOR,
or less this year and there has beer
a vast decline in the stock ma ket
which will cut down the aggregat
figures from those of 1902. but the stu
alton now is really better than las
year at this time according to pres
ent Indications. Then we were look
ing with apprehension for the appear
ance of some kind of financial or msr
camille sto. m. the consequence of whicE
would create more or less disturbance
The storm came as expected, but 70 .
tunately was confined to a decline IL
the stock market, general trade be
ing little affected, and then only al
the close of the year and only indi
rectly Now that the storm has gone
and the inflated abnormal condition
in Wall Street have been corrected We
are on a sounder basis than at the
close of 1902. The annual figu. es whe
they come in may show smaller total
in many lines, but the shrinkage has
not been serious and has been a benz
fit rather than a detriment to trade.
Hence we may look forwaId d to goo
though perhaps quieter year in 1901
At any rate, as far as present signs go
we will feel less uncertainty, exc pi
election, which is now appearing Oh
the horizon of trade.
Private reports from Wall Street re
ceived at the close of the week sal
that the January disbursements foi
dividends, interest, etc, would fal.
about $1,000, 600 below those of the pre-
ceding year and that they would pr5b
ably not be over s134, 100000. wherea
$1i5, 5,0v0, 600 had been expected. This
eoul Sc is SUI mise. The amount vi .
be Ian ge in any event and will tend
still further ease an already easy
money market In fact the predic
ton is now being made that none.
will presently be a glut. Whether th.s
prediction will prove true or not, tA'
cou. Sc of the money market since lasl
summer has been an agreeable SUI
prise in all quarters. serious strin
gency had been feal ed during the Gro.
moving peliod, but it not only did no.
appear, but money was actually eas
ier than for some preceding years. w,
are we'll supplied with funds every
where, no particular tightness be.ne
reported from any qua. ter.
Genel al trade conditions show little
change. One encou. aging feature last
week was an improvement in collec
tions, but against this it was note
that the suspension of manufacturing
plants for the annual stock taking, re
DdlI 5, etc., Was liiOAt NAAA'-
for some years. The failures for the
week were 2S4. against 209 last yea
while owing TO the decrease in specuia
ton the bank clea. ings of New Yo.
wee 1871 per cent behind those OF 1902
The iron and steel industry reported
better outlook all along the line, wi n
the general opinion among the CONTROL
ing intei ests in the trade that furthe
reduction in quotations were no longei
necessary, especially as orders for the
early part of 1904 were showing an
increase. From this it was inferred
that the lower prices had begun To
stimulate trade.
The trading in cotton was sensa :
tional Although the high prices for
the staple are checking the demana
and the mills are buying no mo
than is positively necessary to fill cur
rent orders and are steadily decreas
ing their output, and the Chinese and
other export demands have fallen on
sharply, the volume of business in
this staple during the past two months
has been enormous. The price has ad-
vanced above all records for quarter
of a century and option trading u
the amount of a million Of bales per
day has not been unusual. Again. III
November. while our merchandise ex-
ports aggregated s160,00O,0O0, or $50,
100000 more than in November, 1907,
nearly the whole increase. or SS2OOO.0OO.
was in cotton and was due to high
prices and the backwardness of the
crop. Conservatism now character
izes every department of the cotton
goods market.
As to the general export movement
While our November exports were only
twice exceeded, our imports amount
to only $77.0o0.O00 compared with $751;
ooOO0e last year. This left an excess
or exports this year of Ss3.0OO,0OO, com
pared with less than s4o.00o,Q0o year