Las Vegas daily optic. [volume] (Las Vegas, N.M.) 1880-1908, 1904-10-19
SITUATION WAS
NEVER BRIGHTER
Combination Of Favorable Fac
tors Creates Optimistic Feel
ING In Financial Circles.

Special Correspondence OF The Optic
NEW YORK. Oct 15.--The recent
government crop reports. which fore
casted larger crops OF corn, wheat
and cotton than had been expected
are the principal sources OF the In
creased hopefulness so evident
IN financial circles. The har'
vest is now practically beyond
danger, and we are promised 2,46o.'
O00,O0 bushels Of corn. $4,000. ooo
bushels Of wheat and probably 1850.
600 bales Of cotton. These figures
are all beyond what the crop killers
would have had US believe a few
weeks ago. and they have thrown the
pessimists into dismay. Such results
are not only beneficial to the stock
market, but helpful to the country ct
large. There Is now sufficient de-
mand In sight for all our crops at
good prices. which means ample prof
Il for the farmer without e~xtortionate
prices to the consumer. This In
turn means that jul merchants viii
do q larger trade and that factory
wheels win turn more speedily In con
sequence, while the railroads will
have not only more grain to carry,
but more merchandise. also. In coDHe
quence OF business revival. GOOD
harvests have always been at the bot
tom OF good times, and this year Il
not likely to prove any exception
Railroad managers have been yer!
hopeful for some weeks past and cur
rent reports Of earnings bear out theil
expectations. In the fourth week o
September 30 roads reported gains o
nearly 6 per cent owe last year. and
In the third week OF September Al
roads show a gain OF over s per cent
and the prospects are that October
returns will be equally good
Bank clearings show a big Increase
the gain last week at the leading cit
ies being over 30 per cent A consider
able share OF this was due to increas
ed activity on the New York Stocl
Exchange, but the fact that Chicago
- -.
showed a gain of IA per cent, phlla
delphia % per cent and New Orleans
10 per cent. while other cities alst
showed liberal increases. Ii proof 0
= widespread enlargement Of business
activity. Improvement In the hoi
trade progresses and railroads ar
placing orders for rails, engines an
cars with more freedom, which IL sie
n~ificant.
Another favorable factor Is tn
turn In our foreign trade. Durinl
September our experts showed an In
GREASE Of nearly $4,000. 900. 1t |
true that had II not been for an In
crease OF s22, 900. 900 In cotton shiu
ments there would have been
shrinkage In exports because of TIN
falling off In breadstuffs from wei
understood causes But IL Ia a salts
faction To know that such deficien
cies have been made good. We areals1
shipping unusual quantities Of copper
and our exports Of manufactured arti
cies are increasing, proving our ca
pacIty to maintain our foreign trad
by selling other products for expor
when some fail.
In the monetary situation there l
nothing perpiesing TO be faced. Tn
crop movement IL not yet al it's max
mum, but a month hence fund
should begin to return to this centrs
and the surplus reseryd. which /
much larger than In previous years
seems ample to carry US through III
Oil the influx movement begins. TIL
increased firmness Of money in I'll
rope naturally attracts some atter
ton. as In event OF strain there an