White Pine news weekly mining review. [volume] (East Ely, Nev.) 1910-1920, 1911-01-29
POINT To EVENTS
If PLANS BELIEVED TO BE
UNDERWAY IN EAST ARE
CARRIED OUT MONSTER OR
CARNATIONS WILL RESULT.

There are p%ortentious thing astir
in financial and Industrial world, and
those who have interest and some In
sight in the financial affairs are ex-
peetantly and anxiously awaiting de-
velopments. While New York City
will be the principal scene of action,
the throne of the ruling and direct
ing power, the effect will by no means
be confined there, but will reach out
until every section of the country
will feel the result.
During recent years, we have mar
yelled at the stupendous combinations
of capital; we have been more or less
awed by the enormity and power of
the Standard Oil, the Steel Trust, the
Copper Amalgamation, the Smelter
Truts and numerous other ~eonsolida-
tions of industrial enterprises; we
have wondered at the scope and extent
of their ramifcations, but If the plans
believed to be in progress of forma-
ton in eastern financial circles are
carried TO successful accomplishment,
We may be confronted by organiza-
tions of such prodigious character as
TO cause those with which we have
been familiar for a few years, to APP
pear as Insignificant, almost incon-
s%equential affairs.
While this paper is an exclusive
mining publication and as such is
concerned principally in the dissemin-
alton of news and discussion relative
to the progress of economic mining
development, in view of the present
conditions and possibly because of
the influence of prevailing sentiment,
Ii seems appropriate to touch incl
IDENTIFY on the general financial stu
alton. fnasmuch as it has consider
able effect upon the mining industry
and to some extent, concerns that
industry directly, Because of the fact
that strong mining interests are as
ISOLATED with the apparent reorgan-
ization of the industrial system which
according to all indications is under
way.
While it is not probable that i'm
mediate results will be attained, there
is undeniable evidence that interest
ing and extraordinary movements
are about to transpire. We have be-
held the persistent and unchanging
condition of the market for some
time past, and have been at some loss
to explain why there was 10 percepti-
BILE movement in one direction or
another. In view of the general i'm
proving business conditions through
out the country and because of the
apparent confidence on the part of
the general public, it might be ex-
pected that an upward market would
ensue, which tendency has always
been evident in times past, when In
dustial and financial conditions took
on an improving aspect, following a
period of dullness and uncertainty.
This unusual condition may be ex-
blamed upon the logical assumption
that there are two strong financial
factors engaged, one of which has no
interest at all in the market, while
the other Is influenced by the suppos-
ed unfolding of the new system, the
results of which are, of course, some
what uncertain and not sufficient to
induce substantial movement in
either direction.
Therefore, discussion of the mar
Ret is more or less futile. The ticker
from day to day reveals no changes
worthy of attention. A financial
deadlock has presented itself and
will probably not be broken until the
financial powers 1earn 20 what extent
the interstate commerce commission