Las Vegas daily optic. [volume] (Las Vegas, N.M.) 1880-1908, 1903-11-27

terror Of the country To handle crops
and meet the usual demands on Tia
banks. and by the inflow of gold from
Europe which will follow the move,
ment OF grain and cotton.
by drawing funds from both casi
and west we are sure to build up oit-
bank reserves, and SO replenish orr
banking as to afford mate
rial relief In financial circles, AS con.
idence r~eyiyes. less scrutiny Of col.
lateral is necessary, credit Is restored
and the situation gradually becomes
more normal and sound These are
perfectly natural corrective forces.
and, though 1t would be folly to eN-
poet any ~eStrayagant upward owe
ment. still Il Is now perfectly reason.
able D look for a fair recovery from
extreme depression,
Our October exports amounted 10
$3.50, 000, 0a0. OF $4,000 900 more than
in the same month a year ago Our
imports were $50, 100000. d decrease
81 about s5.U0DyoOo. while the eSeess
Of exports for The month was S7s,0oa
900. or over $4,000, 900 greater 'han
n year ago. This Is certainly q satis
factory showing. and should continue
under present conditions. Gross earn.
ings Of s~cyenty-one railroads from
JanIary | 10 October II aggregated
s61i 900 900, an increase OF $66, 600.
600. or nSnn, Va. -ss,--a~st
vear IN view Of good crops \ Wade
activity in the west. 4 y pracnca'ly
certain there will be no shrlnkase
of consequence in earnings during ms
current fiscal year. although reaction
ii the steel, building and other trades
must have an adverse influence upoi
Transportation interests, RAILROADS.
however. are In a position 20 enee
such important economics, partly y
i rcsnl, OF recent improvements, ina
no impairment 81 dividends Is IN pros
noc, one other indication of vain
is clearing house returns. For IN
month of October these aggregate
!, e.0ia millions In the whole uhiie
States. This was n decrease 81 !
Der cent compared With last year
/, but il II important 10 observe TN
!, This ~shrinkage was almost entircl
dine 10 n contraction Of 30 per ce
!, In New York. the storm center % q
pression Very moderate decline
we're reported In Philadelphia n
!, Boston. while nearly all other y
Z portani elites actually reported gail
:, IN clearings during The period wh'
i. New York was STRUGGLING ~ despa
While reaction Of The seyefest ORD
was going 70 q the %inanoial cent
ii tAc country. the western states
ported IN Increase of II per cent
=. clenrlngs. de Pacific states a grow
Of & Der cent. and The southern stat
n gain of $ per cent Pcrhap ihis y
Il, a. IL shonid H.. Ger Ne York y
thu center Ut tht disea5e the q,
" ass sure "a be sharpest here
~, his reason IL Is probable that re
linn Wht,n # doe cpnfe NIL lie Ii
severe 10 other parts q the conn
Ie. then In this city. where the crisis
spent Us chief force.
al III for The iron and steel tra
rs lover prices for products are
D. pfedlctea. hut this VIII result In
mi CT ascd orders. and u now sccms
its N those conditions had been FULLY
ins aoctod IN present pitts ~ steel
on. curities steel stocks anil a r,
ser man, other secsFstses alsa have ,
"a steadily mssing from weak
al stronger hands wlierc they will
,ep, safe lodging place. a. least Y
|, ~ better figures can BE- had The :
ing kct therefore. Possesses a stror
undcrtouc. which bankers are q
ICES likely " encourage In order to fa
ON tate pending deals and 70 assist
mar floating Of new Pennsylvania, !
tent shore and other Issues Th anne
rem cd winding NJ Of IN United 81
be steel syndicate and The %eancolla
the IL The remaining hlty millions Of
the conversion contract are also mos