Las Vegas daily optic. [volume] (Las Vegas, N.M.) 1880-1908, 1906-12-18

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.lop~x&ssA ~ . p4a - sAe PsnnssF
gxanaa sgxsem. The falifng eff In lie
~l@arnangs q lie s0utheFa Railway cam
lnanE IL Disgusting to the shaFTAoaa"
eFx- The decrease fer ocaoeeT was
ssa an STAGE Inly IL has reached
l. ,esag Of SEES asa. The poor showing
d. am~ maainay 10 the pTesent htsh
nraess al material and labor.
The Mi&xisstppl bubble appears to
have burst. fus the time heang Ut least
Fr0m 30 - % - In u gC&d long drop
liar a O. par share. I'm this case In
~IrepEesenis q khrankaee tn the market
value of tie property u approximate
Ilv &C and ah~ speculative
ward IA Saill seeking for the real rea.
san for the collapse. There are re-
ports that II the 5o-foot depth In a
of the veins IL Was found that the val,
ue at the Z was much less than
nearer the surface, Whether this In
the actual eaase u the Guggenhelm ~
fusal To take over io0!0e0 shares Of
the stock. u eourse cannot b. known
Al present. but MI any rate the whole
affair has been a ulhst d~eplOFable one,
and should serve to show the public
what extreme caution should be eg-
ercised I'm making mining Investments.
There IL another side 0f this Mis-
pissIng story that should not be lost
sight of. When the shares were sell
Ing above 10 Only Tosy reports @
tlgiyen out as 10 The value Of the ore
being mined. These reports came
from persons supposed TO be close
TO the interests I'm control Of the
property, Now from these same per.
sous You can get all the information
you want as 10 the veins that have
shown decreased output. This might
be the faircst and best Of conduct
aud might be due solely 30 the desires
OF these gentlemen to be absolutely
honest with the public. but It would
be rather hard 90 get an upto-date
curb Spectator 90 take that view Of
II. He FATHERS prefers 20 think that
somebody Is as anxious 10 have other
people sell at ~ on 10 as he was 20
have them buy nj 30. and feeling this
way he doesn't know what 10 do with
his stock.
All Of the Cobalt stocks have been
I considerably affected by the Nispiss.
ing incident. This. Il In believed. may
= have the effect Of turning mining spec
|. ~uiation into other directions for a
e time. but that there IL real value In
q the Cobalt district no IA denies. The
l best thing for the other Cobalt shares
IL for the NispIssing affair to be- clos
y ed up and forgotten. as II probably
will be before long.
4 Better Prices Prevailing
Higher wages for labor and the bet
ter prices prevailing for materials o.
g all kinds are showing In the financia
n reports of nearly all Of the great cor
porations, especially the railroads
n Statements of earnings for each month
y recently have shown Increased bust
e ness and larger receipts. but by thii
. time the operating expenses have
been figured up It Is found that thu
y net earnings do not show proportion
o al improvement. What can be done
TO prevent all that Is gained from traf
ftc being swallowed up to operate
d their lines Ia n big problem for The
railroad men. and one that Is not, ap
g %parcntiy. very near to solution. IL
the present state OF public feelinI
1R kI0ha. nnt., arm hnn.ltx, Na hn though
of, and any reduction Of expense tina
e might carry with It a %lessening Of an,
employees earning capacity IN equal!
out Of the question. Naturally. wher'
ever an economy can be devised II
t. the mechanics Of operation 1t Is eager
10 " adopted. Under the existing sys
n tenn. however. with steam englne
n ther" seems little opportunity toscal
Ie down expenses, hut 1t may be tina
j. further development of the elcctri
Ie locomotive will point the way. TIL
Is work now being done In the GRAM
rs Central yards In the installation O
electric power Is the nos impOrtan
step SO far In this direction. and Will
q The first cost IN great a proflt IL eN
rs pected 10 show above the carryin
l" charges.
T." In the heightened cost OF railroa
of operation. the principal item Is tn
III greater remuneration paid to laboI
both skilled and unskilled. Announce
II. ments Of flat advances averaging |
VI. per rent are made almost weekly b
IN one railroad company or another, an
nd In each instance this adds heavily
IN the property's fixed charges. q
ar, course none has been SD great as tn
70 Pennsylvania railroads grant to II
n men Of higher pay. adding $12. 600 90