The San Francisco call., 1905-06-26
STILL OPTIMISTIC.

PTIAISM continues the keynote OF all the
country Nothing apparently able to dodge it from the
~ average Crop damage reports, political
pes the domestic and foreign horizons and the eauonary
crokng old of trade and finance alike i'm
potent perturb prevailing confidence in the future
conditions certainly justify this general confidence The
which the country largely depends Tor IFS pros
pey continue bright and while the wheat yield not prove the
bumper anticipated weeks will be sufficient TOR all our
needs with balance lett Tor export and the corn ana crops
from present Indications will produce large harve Money con-
plentiful and cheap everywhere the failures few and u
important the bank earngs are still running high the aroaa
earnings lead those of the corresponding period last the DIS
trbutve trade all the active and vast amount OF
money bond interest the
of July These facts and these that the prevailing op
expansion trade is leading the natural
increase accompanying the growth OF population There have been
indications of that production has been
sumption lines but the union has not yet been
the overtae the absorption then the expansion and
when it passes it there will be ulL
The country expecting u for years but
barring half of last year when there visible signs of
action This shown the remarkable exhibit
of the bank engs which last week mounted to So9oooooo
per year, with II of the cities and towns
reporting ceangs showing gain most OF them large such as
3 New York Chicago at Philadelphia 2SS
Francisco Pttsbug5 33o New Orleans 1913 Bos
and down the long list This exhibit simply brilliant
and long continues week after week with unvarng
will be impossible disodge the spirit OF optimism
vading the atmosphere of trade.
Affirmative of this the indifference ordnar
lily dquetng conditions have recently been regarded Not many
branches of agricultural and manufacturing industry the
sab the Equitable Assurance Society would have dsocated
drawn the strings of the European tighter than ordinary hnan
cal fingers could have oosed them They have produced effect
importance There much available all quarters
of the civilized globe and readily available for all safe
drg that posted merchant and hnancier feels that even
money suddenly confronted by huge draft
be This eenghe feeling of safety which always
pnies the of large balance banks universal be-
and maintains confidence and potent preventive all
icky apprehensions
These general conditions being sound and assuring details
uperuous Unfavorabe weather reduce the yield OF
wheat and here and there but the is and
normal large that abundance almost be
produced Every few weeks the and steel industry shows signs
OF tagging but only rnsitory and the activity speedily
renewed Meanwhile all of the country remarkable
animation real and building operations labor fully
poyed the highest of known the majority
OF mills and full and time with
plenty OF orders booked ahead and the farmers reinforced hnan
cay by OF prosperity that class they indifferent
they sell their product this month until
that We and careful nation
rule and while sometimes and have
done recently actually lose heads and have always
that possible reaction in the of eye
That reaction will surely for prosperity cannot last
interruptedy but when? While knows
that there of its and that the
for another excellent STILL good
thing remember that the unexpected often and with rude
abruptness.