Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1909-06-03
PRESENT HOPEFUL OUTLOOK.

The marvellous development Of the
railway interest OF the United states
during the last fifty years has given
that industry a degree of importance
IN our commercial life that causes IT
TO be recognized by common consent.
ms the barometer Of business. Aud
that being tho case 1t is only neecs-
mry for us 10 take a practical vie~
OF the railway situation as i presents
itself today, IN order TO render as
surnnce doubly sure that we are even
now at the beginning Of an era Of
prosperity destined to be better,
greater and more enduring than the
boom times wc we're enjoying when
our business boats ali ran upon The
shonls In the fan Of 1907
our warrant tor this encouraging
opinion Of the situation ia to be found
not In the spcculatlons OF those with
whom The wish might he fntaer To the
thought, but upon nows reports 20 be
found almost every day IN the columns
of eastern journals. glivng tho details
or transactions which have actually
occurred Eor instance, the great stool
works 81 the country are already
booking railway orders Az grent AS any
they received some years ago-ond ~
moro than "a few casoa greater thus
showing that the shrowd business men
at tho head OF THESE great arteries OF
are preparing for the de-
manda which they foresee viii lie
made upon their resources at no dis
tant day ntho future, As u single
item Of this character We may mon
tion The significant fact that tho Har-
riman Interest has just closed "a com
tract with the baldwin Locomotive
works. for one hundrod ana five first
class. highpowfr engines, which of IT.
SELF Is sufficient to show that the
nhlesi business men hmone us reeog-
nizc the fact that the cause of our
commercial paralysis has been rcmov-
ed, and the vast machinery OF bust
ness is again being put Ia motion
In the same connection we may
mention the equally significant fact
that the great railway systems of tbs
country. including the Hartman lines.
the Rock Island. the Santa re, and a
number 81 others, have recently filed
orders FOR rails TO an amount exceed
ing in the aggregate hhlt 4 million
tons. In the course ot AN interview
"A few days ago. the head of one o'
the biggest steel concerns iu the ceun-
try said. "rhings are getting better
I don't moan that thcre is any excited
Improvement iu the market, but drai'
ers are beginning Go bus. for the>
have concluded that the bottom has
been reached, thar prices are not goo
ug "a he any lower. hut ON the IN.
trary viii pretty surely De- higher i'
a very short time. There Is an oud
20 the downward tendency that causct
40 much uu,asiuoss carry no the ycnr.
there arc horo and there slight ad'
hhce ptlnB lhtu'' h"N '"''' " WYE
where a general h~'cadin'sa
4 rubllshd Interview with the mann
aser at th' Bethlehem Str"l "''N'
practically ~eortohorttr what i stated
aboN, he says
Nv hn'e had Nn Increase along All
lines aud at present employ aooo
more mon than $50 did at this time
last Ntar The tl,t that $40 are runs
ming almost to uur full capacity loo hl'
departments shows ,mphaticaiy va,
trend of business Another indication
of better business conditions D. tho
zach tha, rfIees srr beginning io ad.
vance 1h, flant ~ Bethlehem rs
u..ne th, entire onipu uf pts iron nl
az .,ar n..n hearth farHtt. are ran-