The daily silver state. [volume] (Winnemucca, Nev.) 1903-1907, 1906-01-17
cURRANT TRADE CONDITIONS.

from the San francisco Gait. III trutn-
FULLY shows trade conditions to be all
right, and Nevada with the rest of the
sisterhood should be we'll pleased with
the conditions confronting US. The Cali
say:
The business situation was much
quieter last week. The excitement over
the Ugh rates or call money with which
the new year was ushered in has sub
sided, the rates are down to 1 to . Ter
cent, with money flowing back rom the
country at large into New York at the
rate o about $1,000. 600 or he week. IN
Guiding nearly $1.10O,No by telegraph
alone from San Francisco. This ref1ux
of funds has relieved 1.-The heretofore
strained financial situation, and caused
the whole country to breathe easier.
If there were any especial feature last
week it was the continuation of the re-
markable market In Wall straet. The
wave of speculation is still on, and the
makers of the market are just as con-
fident as ever, or at least profess to be.
that we are to see still higher prices.
Everybody is advising everybody else to
jump into the maelstrom and buy stocks,
and they are going in one after another
and in droves like the historic flock OF
sheep. Where this mad rush to buy
stocks will end. or when. or how, wouid
be interesting to know.
EVERY ,n4ns nas It's day and the oe-
nounement viii come some time. Mean
while, in spite of the already hign
prices for both railway and industria,
sAares, dividends are being steauily In
creased ali along the line, and as long
as this continues stocks Will continue 10
advance. 1T cannot be otherwise. These
alyloends must come rom earning as a
RUE, ana as increased earning are Du.
another name or increased business
Throughout the country they necessarily
show a continued expansion o an al
ready unprecedented EXPANDED conoition
O trade.
The public evidently has not yet
reached the end Of It's rope as buyers
OF merchandise, anu untl 1t does, or In
more ialniliar phrase until proouc,lon
overlaAes the consumption. business Will
De nyeiy everywhere and the national
STOCK market active, and i not rising
naturally can easily be made To DO SO
ar,lncially. Optimism still pervaa~s all
classes and the general sentiment seems
TO be: Let US eat. drink and be merry;
after US the deluge; tomorrow we die
A current feature is the increased rail-
road building Several great lines. such
as the Union Pacific and st. Paul. nave
entered the field as builders, and sew
eral Others are pushing westward in ex-
tending new Ines to the facifie coast.
with San Francisco the objective ter
minal in most cases. From present In
dications San francisco will rave all the
railroad outlets she requires in the
course of the next five years, which
renders the commercial outlook for this
city especially brilliant. More railroads
mean for San Francisco more popula-
ton, reduced freight and passenger
rates. more money and more Importance
in the financial and commercial world.
1t is this largely increased railroad ex-
tension which is causing much of the
New York.
In this connection it Is not amiss to
remark that the growth of railroad mile
r In the west has not kept pace with
the growth Of traffic In the last ten
years. During the decade the railroad
mileage increased only about IS per cent.
which il less than the increase In pop