The White Pine news. [volume] (Ely, Nev.) 1906-1910, 1909-10-10
East Ely and Ely. Nevada,
TERMS OF SUBSCRIPTION.
OUTLOOK.

The condition of business throug-
out the United States is such as to
satisfy the most exacting. Brad
streets and Dus's review agree that
the volume of business is at least
normal and probably beyond it.
There was another large increase in
the bank clearings last month and
railway earnings are showing very
large gains. Reports from the iron
and steel centers show that the entire
capacity of the mills. is engaged and
that there is already some delay in
filling orders. There seems to be a
stronger tone in the outlook than
has been seen for some years as both
the crops, and money as we'll as the
political situation are in a satisfac-
tory state. A prominent banking
house has issued a circular which
opens as follows:
america has entered upon an
other period of expansion, and moth
ing is lacking to insure a growth in
the trade and wealth of the country
to yet unattained proportions. . |"
Nothing can prevent the rapid ex-
pansion of a country endowed with
SO great a store of natural wealth
and inhabited by a people 70 enter
prising and SO gifted This eulo-
GUM is not ours but forms the open
ing paragraph of a carefully prepared
article on the United States which
appeared recently in one of the lead
ing financial publications of Eng
land.
I'VE in turn can congratulate Eu-
rope on its improved outlook. But a
few months ago there existed abroad
a state of ferment, widespread and dis
turbing. The threatened political up
heavals in France, the growing ami
mostly between England and Ger
many, the internecine strife and
bloodshed in Turkey, the actual con-
f1ict between Spain and Morocco, the
possibility of complications through
the INSTRUMENTATION of Greece and
the menace of Balkan affairs, made
the nations fearful of what the
future might hold. in store. But to-
day the crises have passed. Wars
have been averted, political affairs
adjusted, confidence restored. The
harvesting of the worlds crops, the
financing of Its loans, the develop
ment and future of its enterprises
are nov matters of paramount inn
portance. In a period of peace in
which, for example, the question of
a 40 bank rate and a steady dim
ininsning gold supply prove to be
matters of greater public interest in
Germany than additions to her list
Of Dreadnaughts." .s
The stock market has given the
strongest possible evidence. that the
largest financial interests in the
country share the optimistic views
expressed The same circular con-
tinues, 1T promises to gbe also "a
season Of world wide plent. In Cam
ada the agricultural outlook is most
gratifying; the harvest, yield in the
United Kingdom bids fair to be
greater than that of any year since
1905. Important gains are looked
for in Russia and Roumania, even
though the severe drouth of July
has somewhat lessened the optimis-
tic pre-harvest estimates in the lat
ter country. In Hungary all crops
but wheat show prospects of a
record yield; the Argentine out
look is brighter than was at first
anticipated; india and Australasia
also r promising well, Bulgaria,
France, Spain and Italy probably
will show moderate increases. Ger
many, however, is not 50 fortunate,
and is likely to need substantial ad-
ditions to her own harvest of food
supplies.
"In u own highly favored land
only the most confirmed pessimist
would take exception to existing
conditions. : tits we'll . to remind