The Jimplecute. (Jefferson, Tex.) 18??-1907, 1906-09-01
THE END OF THE COMMERCIAL
YEAR,

closed last night. That the year
has been most prosperous none
will deny. Every indication points
to another year more prosperous
than the one just ended. Every
trade has a healthy appearance;
the volume of business has kept
pace with the enhanced values and
development of the country. The
immense losses sustained by the
great San Francisco disaster fol-
lowed closely by one equally as
disastrous in South America, with
other heavy losses by fire and
otherwise, has not, nor will not,
retard the onward movement of
the country generally. More than
twenty thousand skilled mechanics
will find employment in rebuild.
ing San Francisco. The demand
for structural iron and other mate.
rial will give steadier tone to the
various markets. The great Pa.
cific coast disaster may prove as
much a blessing as a disaster.
Like every city of any note which
has disastrous fire, the rebuilding
is done in the latest style of archi.
lecture and every convenience
which science and exp erience may
dictate or suggest and is therefore
more beautiful. The production
and consumption of iron has been
the greatest in the history of the
world; this great and steady move.
ment is one of the worlds greatest
wealth producing material contin.
ues at pace which has caused
those MILO are profoundly convers.
ant with the statistical position of
the iron trade, to seriously consider
the possibilities of an iron famine;
others are predicting the parity in
prices of iron and copper. If the
demands of the iron market should
suggest such condition, what
must be the condition of the lum.
Der market of few years hence.
The price of the latter has already
reached a point which is almost
prohibitory. Iron and lumber are
not yet controlled by the abomina.
BILE curse, future dealing, like cot
ton, wheat, corn, and so forth; yet
the prices of the two former have
been controlled solely by the sup
ply and demand, and have steadily
advanced. No such fluctuations
as in the markets controlled by the
future dealer. Great and continu-
Gus efforts are being made to put
the products of the farm, especially
cotton, on the strict basis of sup.
ply and demand. In this way only
can the prices only remain steady.
Speculation prices always fluctuste;
in this lies the profit. The indica.
tons strongly point to a series of
prosperous years. Railroad build
ing will be greater perhaps than
heretofore Nav lines are contem
plated, old ones have to be re-
paired; the volume of business is
already large, as evidenced by tn 9
scarcity of cars to handle the bust.
ness now offering, yet the busy
season is many weeks off, so what
may be expected when the season
really opens? In speaking of the
resources of the South the Manu-
ldCLuItr RECORD uses the lOllOw-
ing significant language:
Goal and iron, the foundations
Of the worlds chief industries, the
bases Of the vast wealth Of Great
Britain, Germany and Pennsyl
vania, the moving forces of all civ
are found in the South in
quantity, proximity and cheapness
Df production on a scale not else
where duplicated in the world. OF
coal the South has nearly three
.imsa a. much in area and many
,imsa az much in quantity as
Greet Britain. Germany and Penn.
sylgania combined, OF iron ore
the South has certainly one. half of