The San Francisco call., 1905-05-01
TRADE CONDITIONS STILL FAVORABLE.

THERE irregulariy week. the reports
the preceding The clearings did high
aggregang only szIo455ooo against for the
fonf654
cent So cent but all the important cities except New Orleans
were in the column OF gains and Of the reporting their
earngs only fourteen exhibited loss The highest increase was
S New York but this probably largely due to the
excitement in the stock market
There present number OF conditions
affecting the great of the country There half
impending battle between the Rus
Japanese Moroccan affairs the labor
with caution fight the
Equitable dispute Stock Exchange All these of
and os. lines Of trade Which take their hue from the course
of Wall unavorby affected thereby Usually
stocks take their from but sometimes the conditions
reversed and this seems to be one of these times At any rate the
country watching
But although the great May wheat deal Chicago
grief resulting violent decline in that great staple though
Wall experienced equally violent shrinkag stock
quidaons important staples
country generally holding their The wool market has
nued active and hr spite of very high prices for WOOL
which making the sheep raiser rich The hide and leather trades
report active and strong markets everywhere with active demand
for both and local consumption The textile and footwear
full time sending
cheerful reports Provisions oo showing tone and
Vty Lumber be good condition. and the building
throughout the country said be unprecedented history
The cotton Tor 1904 shown by the final bulletin OF the Cen
Bureau issued the largest known being I8ooo
cent The largest crop produced in the United States prior 1904
that of 1893 which, according commercial returns amounted
to z5sooo bales or 59 per cent less than the crop OF 1904
The railroad earnings for April far reported 1917 per
cent larger than during the month last The from
that production ahead OF resulting
lower quotations for kinds of while the country
still steel blets from abroad satisfy the demand This
paradoxa confusing condition mparts less
indecision to the industry.
Money continues abundant and it worthy of remark that
notwithstanding great decline Wall stocks
showing conditions funds Mercantile collections
and improving points the South where
they have lately become somewhat ard Eastern industrial
poraons expected burse S7ooooo in dividends during
May against S6ooooo during May 1904 These conditions
significant indexes the general prosperity of the country
On this the promising The of
looking well and while several kinds of
lately deterioraed brilliant condition
business especially with the Oriental countries large and
domestic High distinguish
commodities and the people apparently have end of money
spend only for the ordinary necessities of life but in vo
Luxury sighs voupuouy all around Money the
There much of it and agreeable of spending
that ebezzemens and defalcations multiplying all sides
appears prosperity beneficial condition
limitations and grow like rank rich
garden. Men steal prosperous than hard times
because seeing much pleasure and vopuousnes all around
them the temptation greater But leaving moraizing of the
question this theft political
circles shows the abnormay flush prevailing throughout
land.