The White Pine news. [volume] (Ely, Nev.) 1906-1910, 1909-06-16
BUSINESS OUTLOOK.


There IS no doubt but the trade
Improvement in the United States
is gaining force and that we are
making more rapid strides toward a
normal basis than at any time since
the panic of two years ago and the
depression which followed has be-
come customary in speaking of nor
NAL conditions to those which pre-
vailed during the year 1906 and
the early part of 1907. This means
that we are constantly comparing
with the greatest boom period in
our history. II comparison was
made with an ordinary year prior to
1906 it would be found that we
are today doing more business than
then. In other words. we have
reached the point where the only
record ahead of us now is that of
the great boom during 1906 and for
a few months of 1907. Our capacity
has so increased that what seems
like a quiet period now would have
some years ago.
The record of bank elearings
shows the total for May was 1876
per cent larger than for May. 1908;
is per cent larger than in 1907, and
but Is per cent larger than in 1908
This indicates that for these months
We were almost back 10 the record
made two years or more ago. The i'm
proyement is NOSE pronounced in
the metal trades such as steel and
copper which have taken a sudden
change for the better, or rather the
gradual change that has been going
on has now caused a situation which
can best be described as one of
rapid increase in activity. The
steel mills have increased their
operations until they are now oper-
ating about so per cent of their
capacity and this. too, with the
usual volume of demand from the
railways which are rated as the
largest consumers of steel ordinarily.
This is a good indication of the
extreme activity in the building
trades.
The railway earnings as they come
TO hand show that the traffic of the
companies Is increasing and also
that the volume is steadily gaining
The reports from the crop sections
of the country are decidedly en-
couraging, Notwithstanding the
smaller acreage In winter wheat. The
weather has been favorable and IL is
believed that the yield of wheat
will be larger than was at first ex-
pected. There has been no decline
the price of grains worth mention
ing. however, owing to the limited
supply on hand, not only in this
country. but all over the world.
This condition will last until the
new crop is available and il is
doubtful if this years output will
serve TO build up the surplus sup
plies of the world to a normal
basis. so that high prices COM
paratively will run for a long time
TO come.
This will help 10 make a great
buying power as the result of the
crops although IL is to be regretted
on general grounds for the loss ii
causes the wage earners of the conn-
try. The tariff discussion goes on.
but 1t Is evident that good progress
is really being made and the
acrimonious disputes in the senate
indicate that many of the leading
members of that body are losing
patience with the attitude of those
who are obstructing the passage of
the bill. The country is demanding
action and ii is hoped TO have the
bill passed and a law by the mid
die of next month. The business
of the country in the meanwhile Is
going along and apparently has de-
cided that the changes in the tariff
will not cause any great change in
the conditions governing the inn
portant industries. Altogether the
outlook is more than encouraging
and should be considered as most
satisfactory Boston Financial
News.
BOOKER 4. WASHINGTON