Daily Arizona silver belt., 1910-04-12
DAILY ARIZONA SILVER BELT

liar state It is large in volume, but, especially in the east, lacking in spirit and hopefulness The ordinary daily wants are large and are at tended to perfunctoriy in a hand to mouth man. ner. Manufacturers are making up as much as is needed and no more. All this is more essen- tially true of the east than of the west In fact, business west of Chicago on to the Pacific coast
 is in a state of great activity and larger than it has been for the last two years. The soil in the northwestern portion of the continent is loaded with moisture, due to heavy snows during the winter, and the crop planting is beginning three weeks earlier than usual, the acreage planted being much larger than ever before. Modern methods are being used in western farming. Ip one valley in Montana last week, seventy steam blows were at work turning up the land for planting.
 The business of the transcontinental lines, Great Northern, Northern Pacific, and St. Paul, promise great congestion in the fall months. This is true also of the Southern Pacific and Atchison. The western people are not borrow ing any money to speak of, except in the lumber business, where large modern concrete and iron mills are being erected the plants costing $1,- 100000 each. The farmers are almost univers- ally rich. The citizens of the little town of Aberdeen, Wash, four weeks ago, had bought up to that time $214, ,000 worth of automobiles.
 The banks in the west are full of money, many of them carrying 40 to 90 per cent reserve. Much of this reserve is being carried in cash.
 There is only one thing stopping enormous prosperity, and that is, the attitude of the gov ernment.
 A market overhung with the shadow of the decisions, and without initiative from the real large interests except on marked declines to take in good stocks, would act as this one acts. A great amount of commercial business is being done throughout the United States, but it is the business that has to be done, and lacks the mo- mentum of enterprise. It is, nevertheless, a sustaining force, and with the impetus of new crop if it is good one, will swell to great pro- portions, congesting railroads and increasing earnings everywhere. This will be the case in spite of everything, and good stocks are cheap. Atchison, Southern Pacific, St. Paul. Union Pa cific, and Pennsylvania should be bought and locked up. The outlook abroad is for very much larger use of copper and in the next three months the exports from this country should in crease greatly, as the surplus stock held specu- latively abroad is being steadily reduced by le- gtimate consumption. Copper stocks should inn prove, money is easy, and April settlements are passing (which is unusual) without perceptible effect The English situation is still somewhat adverse, although the bank rate remains un- changed. The money, however, used in moving the Argentine crop will soon begin to return to London. In June the Alaskan gold will flow into the United States, and the summer money market should be an easy one.
 In the speculative market traders control The swings, and possibly also the sharp reac- tions of the past two months will probably con tinue for a whle meantime the bearish at mosphere is developing large short interest which some day will be heard from.