White Pine news weekly mining review. [volume] (East Ely, Nev.) 1910-1920, 1913-08-10
BUSINESS OUTLOOK.

There has been very little change
in the general conditions of the
country during the week, although
the reports Of damage TO corn have
been regarded as of a serious eharac-
ter. The harvesting of winter
wheat has disclosed a better quality
and quantity than had been counted
on and the conditions in the spring
wheat section have been favorable.
but these have been offset by the
damage 70 the great ORR crop. The
condition of cotton also, as reported
by the government. was below private
estimates. The outlook is such that
any idea of a bumper harvest has
passed away but there still remains
the prospect fer a better than average
yield taking all the crops to-
gether. aud it is not regarded as like
ly that the damage to corn will
mount 10 enough 70 prevent the I'M
provement in business that mas been
expected this fall.
There has been a decidedly better
demand for copper while iron and
steel have also shown more willing
nesg on the part of consumers to buy,
The basic strength of the situation
Is, therefore. apparent and With the
passing of some of the present un-
certainties there are reasons for be-
lieving that we shall experience a
rapid recovery. The progress being
made in passing the tariff bill
through the senate has been as rapid
as could have been expected and the
indications are that there will be less
disposition to delay the passage of
the measure than had been feared.
The Republican element in the upper
house realize that opposition is use
less and that as the bill is certain 10
be enacted. it is useless 10 fight il or
attempt to delay it by conducting a
hlibuster. The leaders of the mat
jority party are nov predicting that
the tarif changes will be ratified De
fore the end of August whereas a
short time age Il looked as though It
would lie September before a final
vote was taken.
1t is clear that some lines of in
dnstry have been held back by the
pending revision of the tariff and
that until the question is settled
there will be more or less uncertain
" in lines of manufacturing where
duties are to be reduced. Ii is the
belief of those who have studied the
tariff revision that there will be q
quick adjustment TO the new rates
and that We shall soon see from actu-
nj operation. just what influence
The new tariff will exert. Aside from
the pending tariff legislation congress
is busy With the new currenc, meas
ure. The measure while meet
ing with some opposition from bank
ers and others is admitted to ac-
eomplish the much desired purpose
of making our currency system elias
tic and for that reason it is believed
that II contains elements thar will
have a decidedly good effect on the
business Of the nation. as there viii
be assurance of a fair degree of sta
hility in money rates.
" l.f,4.-a = - la-,a1y I,AlaIAn4
ON money conditions and money on
ditions here depend so much on
those abroad. the developments in
the war between the Balkan states
are being closely watched and the
chances of a final peace treaty adopt
ID are considered as very eneourag-
ing. The easier discount rates in
London and Berlin are believed TO
be the forerunners of a similar con-
dition in Paris. The French bankers
seem to have been unable 10 with
stand the temptation OF high interest
rates offered by the Balkan states
and hence Paris is in a less eomfor-
table position than the other markets
but. with peace in the Balkans. the
gold that has been kept in hiding
should be released and reserve in
creased thereby. The end of the
Balkan affair. tariff revision and the
crop moving demand for money
should come early in the autumn and
with that the beginning of an era OF
geater prosperity and a further ad-
vance in Industrial Development
Boston Financial News.