The White Pine news. [volume] (Ely, Nev.) 1906-1910, 1908-12-13

new business concerns is usually most
active, the capitalization of concerns
having more than 100000 of a
basis is over 100000, 900 in excess
of that of the same month last year.
The showing for November is giving
much encouragement to financiers
and business men in general. If Mr..
Hartman had consulted the figures
of the new investments in the month
just ended he would have found much
TO give. him encouragement.
The United States steed corpora
ton has just placet an order for 60
new locomotives, which is the larg-
est single order given by it in two
years. The Vanderbilt railway lines
have ordered 1900 steel cars. which
is said to be only the beginning of
much larger improvements in that
field which are contemplated. Or
ders for S1,50O,000 of new equipment
were Issued by the Cotton Belt line
a few days ago. As Mr.. Hartman,
Mr.. Hill and some of the other big
railway men were complaining, year
and a half ago, that money was so
searceeand high that they could bor-
row none with which to make needed
improvements, they ought to be
pleased to see it plentiful and cheap
now. There is no doubt that it is
plentiful, but the volume of the UNI
employed cash is rapidly diminish
ing. Many of the big corporations
are taking advantage of this fact to
lay in supplies for new projects and
for the extension of their old enter
prises. 1t would seem that this
would be a wise policy for those rail-
way magnates at this time. Probably
they are dong this very thing. The
tendency of money, owing to the bus
mess improvement, will be to go up. |
Before 1909 closes We may be hear
ing some of the old plants from the |
railway interests that they can not |
get cash enough to make their need
ed extensions. This was the explana-
ton which they gave during the days |
of the freight congestion immediate
ly previous to the business setback |
in the closing weeks of 1907. BY |
laying in a stock now they will be
masters of the situaeon IL months
hence when the trade expansion is
under full swing.
If Mr.. Hartman takes a look over
the business field he will see many
evidences that idle money and idle
men will soon be as scarce as they
were in the old flush times which
came to temporary halt IL months
ago. Railway earnings which will
naturally come within this mag
mates immediate field OF vision, are
far above those of December, 1907.
So are bank clearings. 1t is, of
course, dangerous to base any sweep
ing congratulations on these partic-
ular gains. We are now comparing
with the acute period of the indus
trial depression. But the clearings
these days not only exceed those of
the corresponding time in 1907, but
some weeks they beat all the rec
ords. The imports and exports are
both gaining. This is a sign which
is significant. The expansion in inn
ports means that the eountry's scare
has ended, and that it is resuming
the old business confidence which
sent the volume of the country's ac-
tivities In 1906 and the first half of
1907 up to figures never previously
touched. Moreover, business is on
a safer basis, as is shown by the de-
crease In the number of commercial
failures. The liabilities of the bust
ness wrecks in November were the
smallest of any month in 1908. We
are rapidly approaching the condi-
ton which we were in during the
highest point of the prosperity which
was halted a little over year ago.
Gold is beginning to be exported, but
hfc 10 not q porfauf We not OuIy