Las Vegas daily optic. [volume] (Las Vegas, N.M.) 1880-1908, 1906-12-22
CONDITIONS
tEy Henry Car@.t

1 &8$ E8&8@&@8 A& 8aA&&8&&&A&@ ~ as &A
good meas Is almost invariably = stg.
nal far settling and dsenn~s- tbnlE
Those en)oein ad. abee hna's ledge ~
new deals haze am 0pt@'Ttanity TOR
profitable turus The Hitl melon.
tor Instance, waa followed by = sharp
drop: sn. sssD. have nearly nil other
announcements ~ increased davi.
dends aud increased prosperity.
shrewd Investors are skeptieal II the
ieunGinuance ut suels gssad Conditions
and are more disposed 10 sell on "a =
| 0rabte Developments. believing that
the pFrss.n, situation has been more
than fully discounted Very shortly.
the usual January investment de-
mand will be due In previous years
this has often shown itself by id
vance purchases In December. the
last weea ar two Of the year ofteH
developing considerable strength on
that account II viii be Interesting
to observe II the customary demand
appears. aud how much of the larg'
January disbursements will BE- rein.
vested In Wall street, Unless We are
mistaken. the proportion will "
smaller than usual: for. as above.
good stocks are too high for invest.
ors. and the carrying Of them ~ too
costly for spectators, Just now In.
vestors are placing their money In
other directions: notably. in first
class real estate. or substantial In
dustrial enterprises, A reasonable
recession In Stock Exchange values
would. however. quickly bring this
class Of buyers back into the market.
so there 10 little cause for concern
In that respect.
Outside conditions continue favor
able and the outlook for the coming
year IL satisfactory. The chief t-ou
BILE In the financial world IL the OK.
haustion of loanabie funds: first. by
an overexpansion of credit: and SEQ
ond, By the high prices which quick.
" use up funds and diminish the
~l0aning power Of our lending inStttu-
tions. II takes a larger amount VI
money than formerly 10 carry stocks
and commodities: hence. In spite 1T
the larger supply M currency and
gold. ~ monetary resources are In.
adequate. An elastic currency Ia
highly desirable, but nc a cure for
present conditions.
There IL u" reason for lack Uf con
f. Al. WArA ltsnnfAkFn
though stock market operations
should he governed by exceptional
caution until the money market
rights itself II that is not soon ac-
complished signals Of caution will be-
followed BY signals Of distress. Con
siderable declines have already taxi
on place and In the absence of nnfav-
orabie developments temporary rat
lies must be expected.
Superintendent Hiram Hadley has
declared himself strongly In favor ol
taking the election of county super
~intendent out of politics and making
the office appointive. The New Mex
lean quotes the superintendent In full
on the subject and states some very
good reasons why the proposed plan
would be effective Prof. Hadlcy
would have the governor make the
appointments upon the recommends
ton as 70 fitness Of the territorial
board of education. There appears
to be- strong sentiment. not entirely
confined To educational circles. In
favor of the change of mcthod.
|, IL pleasing 10 know that an In.
~yrstigAtlng committee that will in
vcstign,e fully. fairly and without
bias Is tn examine the books of the
penitcntiary covering the last seven
wears and make a report to the gov
ernor. Mr.. Rursnms friends are en-
tircly confident that a full and fair
investigation will show that he never
wrongpd the territory knowingly I"
the extent of IA single cent.
More than llO,nN0 sheep and lambs
have been shipped from Magdalehn
this season As the animals brougE.
an average price of not less than
three dollars a head. a simple arith
metical ejaculation will show that
the sheep owners Of Socorro county
are blessed with a liberal share {
the present glorious republican pros,
perity, Socorro Chieftain
The recommendation Of the pres!-
dent that the ownership of coal
lands on the public domain remain
with the government and be let out
m ROYALTY nlan nv private contract