Las Vegas daily optic. [volume] (Las Vegas, N.M.) 1880-1908, 1905-02-28
FINANCIAL

Unaer date a Ftbraary 25 Heary
Cleus writes.
N spite o. rNora hreallHg prices
and ire ~slsellce q many ianpea,ial
operators ne upwgard movement it
the stock market continues specs
|~iatlse arG.ss seeras 10 he steadily H.
eyeasgag. aaa though many properties
are apparcntly aloxe what conditions
really warrant tAsro Il Y@ghing IN
sight " tie nsoEasat 10 eoantersct the
upward tendency hence TIRE geaeral
disposition Sass ROW appears to M 70
leg yalaes conuuue on ,hssr upwar3
COARSE Hniil conditions are more ripe
10 force a fall
- state.i ia previous adyiees con.
dstloas ARE particularly favorable to
speculative manipulation. Loa1lable
funds are plentiful: the prevalent
spirit ii optimistic. general business
Is actite. souna ana profitable. our
railroads ara enjoying exceptional
prosperity, and 50. too asa most
branches N industry and agriculture
II Is perfectly trae that these irfn-
eness have been In a large measare
discounted for the present, and that it
might be prudent for the big operators
naG 10 resist the present advance, say
until the enormous reeent bcnd issues
have been thoroughly distributed or
Hntil something was known Of the
! prospects ~ The next harvest Wall
street Iii nor In a waiting mood, and
wsh such an unusual prerpndersnce
os stimulating conditions Ii would
cause 40 surprise II the market con.
linned 10 broaden and advance still
further. 7shus fyr she pahlic have
saaen much less than their usSaal
para In the movement: hut are expect
81 by shc big holders til begin 10 show
arr Increased interest 3 sassa as values
hsge abaas reached ghe scp
A con Earnoss feature ~ ne market
vss the strnrsh ~ the Hartman
1851 agur8ties This wss attributed
% a belief tAas q settlement q the
differences affecting shess properties
aosAS shortly he reached regardless
70 ne sosshcomEng sspreEae court de-
rASice Another Interpretation was
tAaf IRE i~ncnased prosperity ~ the
Uutaa Paesce vceala vibrant an in.
~rvsAss az airiaeads frssa I 10 5 pr
cen Reading also occupied IDS posi-.
ssoa os use n TIE LEADERS, because II
Increased dishtsnzs ramoTs based sFoa
sAe barge demand and high racxs COS
.oAsAineA fer anthracite eeSal Other
stocks shn@sSs more 81 less ssrength
oatnx u thr merger AID 3gvtisrd
ranaerx pF greaaer "a less moAaasAty-
Should Any az tA~S@ g&stgNzs expects
,sorls te aeferress er grove ~unftan4sd
tse effect Mg~aa sAe market soah& he
amytAing has pleasant AZ sVs1t.
saweseS ii q &sawn sasg important
a~~<siashens are snssv may ard a&xf
seeA prospects wcre neves s~<ssr,
Ta@ ~ssadsF i sAAf he speculative in-
~vsssors have aos s@en norp @Ssivs
.tASa sAey have s-a ssssy sad ,hsir
inertia u oa3y sxpaAins9 ~ the taci
sAAs tAe paasAr proaazS BY gsst ex
pnc@ ssre s~cdtssss@a 10 tAse ez q
Esd 81 hse g~ae~ ~sacS rich and
esA-ssfarmeaa Aoa8sss wlsasg = SIS
POSE OF
Tee fwrsga ssszsslua = fins uas
ser az koxi ax-P~sAz1sA nuc
70 a~ Aogsse tat ~ p~x sa-o
cogaszx srvx~ ahruaa are srsN Ia
QueSoaaAty yAeve : scsns fsanAaSasz
~ these repw<S fev 1Kgas j. ssvas
~ ses,hsr tncpssi L. prueox TIE
wax nos izxss ssss ss-sa o. wnFs&s
oashte ter-s g&SssA CO tA@ peAss
saaa i Ia a aVoske e1sEwaa
SS@a3 So szeeesss 1 pssFe@eEEx a.
NxtnE tAe eAr~a ceE e~evrSwssoS
Soc c@& easily praaeg - wzr. ter
tA1gA ersgv @@ = q vAssGSas1
aa4 hax RESERVES sv~ hy 30 wseaas
exs&=o6 n4s sAa1H &c r~y~e1
tkw g~ow IN s~we ne eEsr Ezxx -
cz%s - zzks tAe sss ss-ns sszA
jsvaz tat ~ s&a as - s1sg AcS1e
Is ~aSers 10 sagFrsss snsw-wsu@
TAst xn1As - tr-ma4te fer Lpsz
40 fx rsza E15 az tet fx- E&s
49, re hmr ssx ess~9Sx~s 70