Las Vegas daily optic. [volume] (Las Vegas, N.M.) 1880-1908, 1904-08-31
SATISFACTORY CONDITIONS.

iita 8b8iAif
letter 70 The Optic Is entirely salts.
fled with the nations outlook.
Nothing has occurred he says during
the week to interrupt the gradual AZ.
yelopment Of confidence Crops are
the key to The situation, and as the
country has been favored with an
other week of good crop weather the
outlook for tho harvest continues ex.
ceeaingly satisfactory. The indica.
tions remain for d 5T5,000,000 wheat
crops, 4 $500, 900 900 corn crop and a
i 100000 cotton crop, together with
liberal gains In the hay, oats and
other important crops, Aside from the
moderate injury To wheat and the pos,
sibiiity of injury 20 corn from early
frost, Il "a many years since the farm
ars as d class have had as much pros.
pefity In sight Ms at present; for ID
must be remembered that an abnn.
dant harvest IS not only within grasp.
but. what Ii equally important, profit
able prices / being obtained for
nearly all farm products. Agriculture
III still the backbone of the country,
and while some III our manufacturing
industries may he eroanlng under diff.
ficuIties tho farmers have no cause for
complaint h good aeason for them
meaning not only d better demand tor
necessities and common Injuries but
larger sales III agricultural impIas
ments. bnggies, harness and The many
other expenditures which farmers
ean and do abstain from INDUCING lii
during lean seasons III the south and
southwest, which sections are partie-
ularly dependent upon The farmer.
business prospects are excellent, and
In those regions DIT least there ii little
danger now from frost to either corn
or cotton Tie harvest Ii now pro-
crossing rapidly. and d few more days
immunity from severe frost will place
the hulk Of The crops out of reach DC
serious injury.
Tho stock market continues to shuw
4 good underione. Speculation has
been inactive owing to the uncertainty
OF crops and the absence or many
$&@&I
lending operators. The latter are al.
ready beginning 70 return. and ere
long the stock exchange should he the
scene Of greater activity. Monetary
conditions are entirely satisfactory to
the stock market Crop demands
have begun and funds are being sent
south and west with Increasing free
dom. Call loans In consequence are
somewhat flrmer. but time money Is
plentiful. and there Is nothing In sight
ID the money market at this time to
prevent greater activity and strength
In stocks. Bank reserves are so heavy
and ordinary requirements so moder-
ate that there Is no occasion for fear.
Ing the usual stringency incidental 10
the crop movement. Nor are gold
shipments any longer q subject Cor
concern. Small amounts have left tie
country on account Of the new Cuban
loan, but Europe has made no de.
manis upon our supply Of the prec-
inus metal. which II 80 abundant that
We could readily spare 4 considerable
amount oven NJ this season without
hetrlment 10 ourselves. Very shortly
cotton bills will be plentiful, and gold
shipments then viii he beyond con.
s~iderntion.
The war Is once more becoming i
factor In the situation. Inasmpch as
its carly termination, which now
seems likely. wonld relieve the inter-
national money markets of the STR In
which its continuance must impose.
Port Arthur's fall II imminent. Al.
ier ihat. what Of Nladiyostok. Mnk.
den and Harhlns There are those
who believe that q war III exhaustion
vii follow, and TINT Russia viii sim.
pls attempt q Tire our her doughty
little %antagonist This Il III no means
= certainty. FOR Rnssla's political, 70
scinI, industrial and f~Inanat.l .ftat,e
are IN such . weakened and demorai.
led condllion-to say nothing Of tho
Impaired condition o. her army and
nasy-that The strain o. war may be
greater than upon Japan. Russia pos.
sesses vast territory and enormous re-.
courccs; but these are u~ndeveloped
and her population Is stepped IN ig.
norance and widely scattxed. In such
. strussle more aumbers DO not count.