White Pine news weekly mining review. [volume] (East Ely, Nev.) 1910-1920, 1912-07-07
OUTLOOK GOOD
BUSINESS WORLD
GENERALLY GOOD CROP RE
PORTS FROM ALL SECTIONS OF
THE COUNTRY CONTRIBUTING
FACTOR TO SITUATION.

The best feature of the outlook is
fortunately the most important,
namely, the state of the crops. The
news from the western crop country
is almost all that could be asked and.
If the present promise is maintained.
we shall have enormous haryests, If
the entire output of the soil be taken
as a whole. This is being reflected in
an interesting degree OF confidence in
important quarters and means that,
unless there is a decided change for
the worst, We shall gradually enter a
period of immense trade activity.
The steel industry has already reach
ed that stage as the mills are produe-
ing up to their full capacity and are
still unable to fill the demand. The
copper producing industry. as well,
is enjoying a period of large demand,
for which the producers are receiving
very high prices.
There is still a considerable de-
gree of unrest among the laboring
classes and some important strikes
are in progress and others are
threatened, but there seems to be a
feeling that, in the end, the labor
unions will get sufficient of their de
mands to assure a long period of
rest from serious labor troubles. At
any rate. while there is an important
interest here and there that continues
to believe that our Industrial activity
is threatened by the attitude of the
labor leaders, the majority OF we'll
informed interests feel that labor Is
entitled to larger rewards than II has
received in the past and that ulti-
mately a basis will be found on which
labor and capital al come closer to-
gether and live under more peaceful
conditions. The experience of some
of the larger corporations is pointed
TO as showing that such a thing is
possible and labor is gradually learn
ing that the larger the employer the
more liberal the treatment received.
The attitude of the country, at
large, Is well summed up in the fol-
lowing extracts from the weekly
trade reviews, which may be de-
scribed as conservatively optimistic;
The first half of the year closes
with much of actual achievement in
the Detterment of business and of
much promise of the remainder of
the year" says "Dun's Review"
which continues: THE actual
achievement is chiefly in the in
crease in industrial activity due to
the needs of replenishing depleted
stocks and of supplying the pressing
wants of a growing population. The
promise held out for the remainder
of the year rests mostly on the
strengthened confidence of manufac-
lures, traders and investors and on
the favorable prospects for the crops.
Railroad gross earnings in the three
weeks of June increased 4.3 per
cent. Some letting up is noted in
the railroad demand for steel, but
this is largely compensated for by
the consumption of plates, bars and
structural material, SO that higher
prices for certain steel products are
announced"
The following Is "Bradstreet's'
opinion: Better weather. favorable
crop reports, increased orders for
future delivery, better retail trade,
heavy consumption of finished steel,
which taxes mill producing capacity,
and higher prices for plate. shapes
and bars, comprehend the leading
feature of the week. Withal. cur
Ten trade in the larger lines has de-
creased. a natural proceeding at this
season of the year when wholesale
dealers and jobbers are about to
take stock to find out how they stand
from the viewpoint of profits and to
make preparations for fall and be-
yond."