The daily silver state. [volume] (Winnemucca, Nev.) 1903-1907, 1903-10-07
BUSINESS CONDITIONS SATISFACTORY

aga stf1l continue and the Commercial
reports from the different sections of
the country are irregular and diverse.
The best reports are coming from the
western half Of the country, bu this
has been the case for a year or more.
The situation presents few feature
out Of the ordinary run. The crop
prospects are now pretty well deter
mined and it is seen that the country
will have an exportable surplus of ev-
erything. though with the exception OF
the yield Of farm produce will nor
be heavy. The wheat crop is various
" estimated at from $40, 0O0, 900 to So
000, 600 bushels and the corn crop is
figured down by all interests 70 about
1000, 000, 900 bushels. These figures
insure a good business for the rail-
roads during the fall and promise ]
fair movement of merchandise and easy
collections in the great wheat and
O belts. 1t is these conditions which
cause the best reports to come fro2a
the western half of the country, as
mentioned above. The Atlantic coast
is making a less satisfactory exhibit
owing to the decIeased activity in
iron and steel and the continued labo:
troubles, which render business con
ditions far from stable in that region.
The eastern Situation, too, is more
or less affected by conditions in Wall
street. The influence of this hive Of
speculation on general trade may no,
be immediate or direct, but it reaches
its logical destination sooner or later.
Business men over the eastern half of
the country consider that Wall street
keeps thoroughly posted on the trade
conditions as trade and money pros
poets huctuate. Hence any protracted
rise or fall in the New York stock
market is bound to AFFECT general trade
sooner or later. Therefore it is not
surprising that after the severe seourg-
ing Il pruning that the New York
stock market has received during The
pas SIX or eight months comercial re-
ports from the Atlantic seaboard
should be less optimistic than those
from the west, where the influence or
Wall ST. Get is not as marked. In tac1
there is a spirit OF pesslsm, with Wall
street as source and distributing CEN
te.. AL over the Atlantic coast. The
bankers DO not share this pessimism
ana a4e actively e~ndeavorIng TO con-
s.rce the pubic Of the neediessness OF
ylel1lAg " it, but their efforts are not
oye1successfuI. One financial report
hits --e H.. squaTe.y in saying that
there is no ground whatever Tor the
pessimIstic sentiment which pervades
the stock market Ike some infectious
disease. The best posted authorities
are persistently calling attention to
the fact thai the standard railroad
and industrial stocks are now and
have been for some time down to the
level Of good investment from a divi-
dend-paying standpoint. and many Of
them - below IT, and that conse-
luently now ic a good tine to buy,
but the public is evidently not taking
the hint very freely.
There is not much new in the
staples. 1t is expected that a reduc-
ton of about 20 per cent in the out
put of pig iron will shortly be ar
ranged in view of the lessened de-
mand and a growing tendency toward
an accumulation of stock. Heavy re-
ceipts Of cattle at western points are
causing some depression in hides.
Wool is well held, though buying is
confined to immediate requirements.
Lumber continues TO quiet down. with
weak quotations for some descriptions
in the west. Building operations,
however, are still active except at
some large eastern eenters.
The wholesale and jobbing trade con-
tinues good, many large eastern cities
reporting the movement better than
at this time last year. The bank
clearings. however, indicate rather re-
verse. as they show a decrease of 24.5
per cent from the corresponding week
IN 1902. The railroad earnings con-
tinue TO lead last year by a fair per
centage. bur the loud complaints OF
car shortage which characterized last