The San Francisco call., 1904-12-12
A SENSATIONAL BUSINESS WEEK.

HE feature in business last week the sensational break in
willing admit that Thomas copper
conflict nooy the prime OF the momentary panic and
rather crbed it 10 the ovbough condition OF the stock market
his message that the Interstate Commerce freight
whenever necessary undeniabe that Lawson the
chief insgaor the break He publicly announced days
prior that he would market and
specific days for the disturbance and appeared time
reasonable believe that he the arch maketbreake
All interests agreed however that the panic caused
by uniaVorabe conditions the business OF the country which
sound any time during the past FIVE six
and the tact that II did not last but day and hall and that the
great decline the feeling much stronger the speculative
atmosphere clearer and the market is worse Of than before the
squsl
But very during that day the
declined sharply But steel which was also enaced by the raiders
showed comparatively light decline which excellent ad-
been steadily growing better several months In TACT ago
output Of all mills States
OF 10000 daily and day recently
$1,000 tons.
Another conspicuous staple present Recently
onaent report announcing crop o. over 10000 6n
market then however feeling has developed and
the quotations have been showing recovery The crop is the
largest produced while viii probably prices
for fabrics will also increase the earnings OF Southern
railroads swell the exports largely
foreign hence rather great benefit than
the industry With the large and hay
nothing OF the bouneous production of products
country produce sell
and abroad during the coming year and this nothing less
than continued prosperity Secretary Wilson the Department OF
Agriculture tells that crop will reach value OF
wheat
hay value OF 81 all farm products
bned total value OF SoOOoOOOoO compared with SoOooooO
last This increase OF S4zoooooOO nearly
the value Of agricultural products within year
General conditions brilliant and full OF The
expansion shown the
in the bank clearng which last week showed gain of $50 per
the week last year and this respect the week
record breaker only cities and these OF Importance
Memphis Salt Lake Cyout of the fifty the list showed
doubtful the countrys cearings before
such brilliant showing Some Of the gains extremely large
that OF New York being 1873 per Boston 247 per Pa
dephia 7QI per Ptsburg per Baltimore CO., per
Minneapolis and These figures tell the
story the counys remarkable prosperity OF the heavy
New York largely due the immense dealings
the Stock Exchange but those OF the other cities being the
legitimate results OF greatly expanded business all the
country
Of York Even the enzied7 of
the stock panic the Tor call money did per
the extreme top and the ruling of the week per
when remembered that this of the year call
when there the slightest question OF the soundnes of trade
scared What better evidence Of
prosperity could be desired
little be said All of the country
report fine demand for holiday goods increasing activity
plants and railroad earnings November per
larger than for the month 1908 with freight bockade
points column could be enumerang lines
Of trade exhibiting increased activity but those mentioned here will
do The country prosperous than present