Bisbee daily review., 1911-03-16
NONEY RELIE YES
 hARhEI

New York Tine New York stock marker appears beset with nnfav- orabIe influences. Following the de oision of the interstate commerce commission agains, the railroads came ,he car O. President raf for the special session Of congress, which will not only pass the reciprocity till, but take up the question of tariff revision Then came the Mexican difficulty and the reduction Of New York Centrers dividend. accom- auied by rIITnors Una; dividend reductions by other roads may follow Railroad mana. gers freely expressed their disap rointaent at the rate decision hen9@ retrcIchmem is naA lItt feature 0f tie day among most Of the great irausr )ita. ion companies. \ still further disappointing feature was the continued increase of an a. ready excessive copper supply, as shown in the official monthly state ment
 IL must be admitted tha. the mar ket has withstood such adverse in
 Juenees with snrpgising firmness. These successive shocks affected values but slightly and any declines hat occurred were quickly sue ceeded by almost equal recoveries. While there has been a lack of ac tiyi;y there has On the other hand beou a steady growing undertona 1t conGence. explained partly by ,he iset that weak spots have been thoroughly eliminated and that there is no weak speculative ele ment in the marke, The most in portant factor, however, in the snp- port of values is the abundance oi morey at cheap rates The outlook now is for easy money J1til the
 crop moK Kements begin with tho next harvest. Some temporary hard ening of rates may be expected in clGental to the April settle rents Lut this will probably be les. : tiiliii'i tatitt Attsttttt AAssit AHAot Csfct a. ite West where the hGaneia strain has recently been greatest
 much improvement in the blni position is reported Deposits arr
 rising, and interior bankers appear i confident of escaping any seriou. conseqHences of recent exeessiy' land speculation Money is aIs. ser yeasy abroad, the eOmfurtalu ! position of the London marke b.
 ing emphasized ty further relu- | ton in the bsnk rate. In fact th. ! case Of mcney is worldwide. aas must be attributed P2Ttly to les | sened commercial an dindustria activities. bus largely also t3 con
 dnGed expsnsion Of the worlds goit supply The latter has been goip. | 5n for several years and the Gerrc { citation in this precious metal ma inevitably have an innaGonaiy q | .ect upon al. values, securities al. commodities alikd st is hr n' ! means ;be CnIy factor aaactiEs vsl ues. supply and demand exer'ins
 much more direct and at time i greater influence than gold. Toe de ! preciation of the latter. however ! is 8 force which works slowly an,
 silently, and it must te concede.
 has been very influential in prevent ing a more radical decline iD p~ice.
 than has yet occurred.
 There is another consideration 1T
 this plethora of cheap money whici
 should not be overlooked, and tha Is its powerful restorative effects | There is no greater stimulant [.
 enterprise than an abundance o
 cheap capital such as we now pos
 sess. Such conditions always fol
 low reaction and precede recovery Once confidence is restored. W,
 may look forward with absolute cer
 tainty to renewed activity in busi
 ness. This country has now beer
 going through a period of neaTll
 twelve months rest and reaJjust