Albuquerque weekly citizen. (Albuquerque, N.M.) 1891-19??, 1904-05-14

the conservative temper which pre-.
wallis IN financial circles no such con.
tngoncy is m sight, although such an
I expansion o. thls must inevitably cx.
crt an important influence upon val
yes. Such congestion would be inn.
possible had we an elastic currency
4 system capable ~ expanding and con.
I tracing automatically according TO
I the country'a wants. During the last
I two presidential campaigns currency
reform on these lines was loudly
/ promised but congress has adjourned
once more without action. and Dos tho
coming election The currency question
seems likolv tD bo pushed aside
/ Fortunately wr can endure rcdun.
I dancy of roli currency much bo'tor
/ than one of silver. nevertheless cv.
I tromog Of expansion or contraction Geo
NOT tend 40 develop business stability
Cold exports continue heavy IN vol
. umo. and thus far ovor f31 600 600
I have boon shipped t0 Europe. which
aum hao boon moro than offset hy
. '.' .'.. ...''' NNN'HN |'i' NNNN "'''II"
Ifo'v f0 follow Tho Panama nay.
moufs arc. NJ course. on important
element huf ihiH transaction has boon
atIIriv handled with n Wow Go die
turbine flo international markets. DE-
. 'Hfla 1a possible Paris moods rOl'
'r any oroui io moot tho strain I~
N0eof there DIV Tho decline ln Uua
a'sn bonds ana t1 nrovl1o for iho now
war l00ra Roth puaria and T111u
h-vo commenced 20 borrow on ON rv.
tanaivo ecaio nu1 auch onoraiiona wiii
30 0N Imnorfarf faoior iu iho f1roirr
~0uov m0ftoia until tho war ia ovcr
r0nar'H rnrlv victories wiu slime pua.
aio into moro democratic efforts for
-re0-nrv hnvrnnvnr r.w1ia hn
chances ~ u0caaH rr,m now Our
own market h0a boon only .r.htlv
erorio1 hv those movements 0vin~
% our '0rr0 cold aunnlv 1rG fNr Goo
eous1 demand. rf both ir4fa 1rF .nrr.
ula'I0u a. stated above Nu' fhe rH..
Inr uf % portion of ,hDHp I11us hnrs
iv % significant movement anH 30 aur
.uI likely tu DNtDuI Another
Important factor Boa tho iuD1I money
market iu7t now iB tho financial 0por.
afI0ua connected with tHu 100000 600
city bond sale with payment fur SgU.
600 900 0t telephone mote. HUI with
winding up of fho steel syU1.0at. &C.,.
Evidently Important CdIH 8r. IN,.E 600
hu made upon our money market
fhuIEh tho prospects are for continued
7 o1eu until crop demands assert fhom.
/ selves
Much depends upon 'hu OlwuE HHr
/ vca' Last year vs.. bad ahor. crops
~ cotton wheat ana bay only e
/ Die corn u1D saved us from more
SERIOUS reaction As GO is. thi west
continues fairly prosperous the south
. ie enjoying moro activity than usual
and H H lhu raat chat suffers MOST
from reaction. the CuuaiImout of Zoo.
duatr.al operations being marked and
+ persistent Wall street Is facing two
important uncertainties tho crops
[ and tND elections in August We
m0v h. uhID fu anticipate Goth with
some certainty but EH' sooner Aa
f0r tHo election chat promise. to ny
. Ices exciting 1ul Ices disturbing than
usual with tho f8un 'ho ch00f subject
0' caufrn.Drrv and cuuo.ruIur which
NttI. .s UF0Iy i0 ho done Meanwhile
fluctuations boo tNo stock market win
probably nr confined t0 moderate lIm.
TOO rharo Be- atohdv demand for
cool Investments when nr'r0a arc
made attractive. tho recent city bond
offering hnIug heavily oyormbscrIbei
hnI tho ur'cn not altogether entIsftg.
POP" 'H 'n, authorities
HENRY CIEWs