White Pine news weekly mining review. [volume] (East Ely, Nev.) 1910-1920, 1913-02-16
TRADE OUTLOOK.
MOST FAVORABLE
INDICATIONS THAT TARIFF LEG
ISLATION WILL BE ALONG
CONSERVATIVE LINES, WITH
LITTLE EFFECT ON BUSINESS.

The trade reviews this week are
in a very optimistic tone and report
that the colder weather has started
up a demand in lines that have peer
quiet. The west continues to send
most optimistic reports and seems to
feel assured of a continuance of ac-
tive trade. The bank clearings are
larger and prove that the turnover
in the business world continues on
a very heavy scale. Ali authorities
servatisn about which so much has
been heard has let yet resulted in
eurtailment of productivity or dis
tribution. The output of the stee,
plants is close to capacity and bids
fair to continue SO for months to
come, while the only drawback TO
be the inability to secure early de-
liveries. Although there is a feel
Ing that the business of the country
Is in splendid shape and that moth
ing in sight promises to upset these
conditions.
There is undoubtedly a calmer
the coming downward revision of
the tariff. The fairness of the chair
man of the ways and means ON
mittee has treasured many who
were fearful and led to the belief
that a much more conservative
measure than had been expected
cratic tariff revision movement. 1t
is remembered, also, that the now
dominant party will have a bare ma
jority in the senate, after the 4th of
March, and that this is a very effec-
tual block to any radical change in
tariff rates as each senator will have
his pet industry to. protect and there
will be the usual swapping of votes
to force a compromise measure. 1t
is true, also, of many industries that
the time has long since gone by
when the tariff is a factor and that
they are we'll able to take care of
themselves in competition with the
world. 1t is very noticeable that,
as the tariff movement progresses to-
ward the legislative stage, there is
less apprehension than when the
question was first preached.
The investigation into the Bank
ing and Currency system conducted
by Carter Glass and his committee
has been of a different character,
from that of the Pujo committee.
and there Is ground for hoping that
some form of an improved currency
and banking system may be recon-
mended. The declaration in the
Democratic platform against the
Aldrich report has prevented the
committe from considering the plan
advocated by most students of the
currency and the banking question
but somewhat like results may be
achieved from a chain of reserve
agencies located in different zones.
One source of criticism would be done
away with if the reserves of the Ma
tional banks were carried in such
reserve agencies instead of in other
National banks. The outlook is,
therefore, not disturbing in this
quarter and there has been a feel
ing since the introduction of the
Wilson bill in the New Jersey legis-
lature hat trust legislation will not
be of a kind to do harm. 1t is more
and more evident that a second con-
sideration of the Washington situa-
ton. as it is and as it will be after
the 4th of March, has caused a de-
eidedly more cheerful feeling as to
the business outlook.-Boston FL
nancial News.