The daily silver state. [volume] (Winnemucca, Nev.) 1903-1907, 1903-09-01
TRADE PROSPECTS BRIGHT

A well known financial and broker
age house Of New York recently SET
out to bankers and railroad president
of the west and south a circular lette'
asking each for Il specific statement
of the condition # trade in his lOcal.
iv and whether the recent decline in
stocks had in any way affected bu7i-
ness. Many answers to this c%ire1la"
were returned and they were all Of
the same buoyant tenor. Every o
regarded general trade excellent, with
no disquieting conditions, money
plentiful and the banks in good condi-
ton and well supplied with funds,
with a general expectation of continu-
ell prosperity for at least another year.
All said that events in the New York
stock market produced no effect On
legitimate business. as stock opera
tons in Wall street were considered
rs something apart from general leg
itimate trade.
This, while interesting, contains
nothing new. 1t is, however, confirm
atory of what has been said all along,
and as such is of vtlue as exhibiting
the s~oundness of trade throughout the
country. 1t shows that the pedestal
of prosperity is more massive even
than many have thought. 1t is so
sclid that Wall street earthquakes do
not shake it. Stocks go down. !ecov-
CT. get excited, go down again and
general trade remains unaffected. Con
servatism, net speculation, is the orIs.
Of the day.
Though the midsummer holidays
are not over yet the fall trade is be-
ginning TO appear somewhat carrier
than usual. Through the western anu
southern states buyers are reported
taking hold with liberal orders, ara
no dizziness of any consequence is
reported from any section. In some
parts of the central west, where the
7 prospects are not as good as they
were, business is below expectations
but these sections are comparatively
few. There is more or less complaint
that labor troubles are affecting bust
ness here and there, but this adverse
factor is by no means as serious as d
few months ago, when large cOmmuni
ties were idle on account of SreaI
strikes. There are also complaints tia,
railroad cars are again becoming
scarce, and hat this is hampeIing tbs
movement of goods in many import
ant regions. Collections en- the who's
are good. though the usual exceptions
due to Local and transitory Conditions
aIe reported. The bank clearilgs 4as
week lei behind th-se for the cone
pondIng week lasC year 81 per cent
with the aggregate c.earings be-oN
s.. 000,CU0.COO. The failures for to
week Wee go against z07 in 1902.
The uol AID Steel rae is showing
more LesItatIUn and there is no Ions
eG any lusn in hI.ing CrOels. sou o
the law and ~unlIll-hed products ar,
lower, vita larger supplies than LA
been the rule tor tie last four or IL,
years. lie Gem4nI tor structural HID
teIlaI is light, but this is wholly Cd
TO labor troubles, w4icn reader CD
italists ana coltIaCtoTs shy about en-
barking IN new building eltsrp.i-e-
Tie bot ana She factories OF New
England report shipments Of thei
output extremely large, in spite Q
continued Weakness in hides and leatl
er. Lumber is active except in III
east, where it has not fully reeve
ed from the effects Ct recent labor dis
turbances. Provisions c.ntiue to dra.
though the situation at Chicago W.
somewhat stronger toward the close o
the week. Wheat weakened off a lit
tie, as crop prospects in the nor.h
west were reported better owing L
improved weather.
The situation On this coast remain
about the same. If there is anythin.
new ii is certain trend of farm an,
orchard products toward higher prices
which is not bad news. This apple
TO most kinds of grain, hay. hops
dried fruits. vineyard products, but
ter, eggs, cheese, etc, and mean
more money circulating in the coun
try, more business among the genera