White Pine news weekly mining review. [volume] (East Ely, Nev.) 1910-1920, 1912-09-08
GOOD CROPS,
GOOD TIMES
WORLDS NATURAL RESOURCES
OFFSET CONDITIONS USUALLY
BROUGHT ABOUT By PREsI-
DENTAL CAMPAIGN.

tiers this week have all borne ont
the belief that the United States
Is enjoying a period Of better times
and that Ne are approaching 3 Pc
dlod OF extreme prosperity. says the
Boston Financial News The basis
OF the improvement Is 10 be found.
OF course. IN the splendid outcome
Of the years harvests The winter
wheat crop i II. 80 are the cats
and spring wheat. Is pretty vel
along toward a complete harvest
TIE weather has been favorable for
the past ten days, although to
day. fer The first time there we're
warnings o. frost in some Of The
Northwest states Corn has been
making satisfactory progress and
bids fair 70 make one o. The best
crops We have ever raised The cot
ton crop Is doing weII and has APP
parently held its own during August
which would mean a large crop even
though IL : below The tota OF last
year.
The minor crops have also raru-
81 or vel as a general thing and
We are getting the influence OF this
in the larger buying Of merchandise
from al sections Of The country. Il
Is inevitable that such a condition
produce a larger demand for money
and the nrmer tendency in leaning
rates : only noteworthy because %
its moderation. i IS 70 De borne il
mind that The leading European IA
rions are prosperous. As sell as oar
0zn, and that for this reason Te are
not likely 10 receive much addition
10 our resources from imports OF gold
i Is fortunate that the banks are
IN a favorable position q stand the
strain and that The larger demand
for money from mercantile sources
s not accompanied 5y heavy de-
mands for speculative purposes The
movement Of funds west 70 move the
crops has started and wnl Be heavy
for about SIX weeks 10 cone. 50 that
any change In money rates ain Be
toward a higher level
Il Is largely because OF the none
tary conditions that the securities OF
the steel and copper companies
have not reflected higher prices ard
heavy demand fer these commodities
70 a larger extent. The steadines
Of prices IN the speculative market.
on the other hand. indicates the
confidence Of the larger holders in
the outlook The railways have al
ready begun 10 reflect the better
times II their earnings a. the re-
turns for the month Of July quite
generally show large increases over
those Of July last year. The increas
ing tendency in railway earnings
should become more pronounced
during the autumn and do avail with
the pessimistic feeling that has ex-
listed in regard 70 the ability Of the
companies I continue their dividends
and provide funds for improvements
as well as sell new securities 10 de-
fray the cost Of extensions.
The political situation Is apparent
ly having little influence with bus
mess interests and there never was
a time when the trade eoditions were
so little affected By a presidential
contest The contest this year is a
peculiar one, but the fact Of the mat
ter seems 10 be that business inter
ests nave become immune and de-
cided that a lower tariff is inevita-
bic. At any rate. for whatever cause.
the political situation Is not affect
ing our industries adversely and the
trade outlook could not very we'll be
improved upon. The reports from
the steel industry are as optimistic
as ever and prices have made con-
tinuous advances. The copper pro-
dueers claim TO have their output
sold for two months ahead and they.
too. are feeling confident OF a con-
tinuanee Of the favorable conditions
that nov rule. Altogether the sit
u%ation. from a business standpoint.
justifies the feeling Of optimism.