The silver state. [volume] (Winnemucca, Nev.) 1909-1925, 1923-05-24
STATE PROsPE R|TY
GOING FORWARD
Shortage of Labor, Increased Min
ing Activity and Much Better
Tone to Sheep and Cattle
industries IL Found

VI AOofs Increased win
ing Activity and Much Better
Tone to Sheep and Cattle
Industries Il Found
The Monthly Review, publishe.
by the Mercantile Trust Compan,
of San Francisco, has the following
to say concerning business condi
tions in Nevada:
Again in April Nevada's silver
mines continued the heavy produc
ton inspired by desire to sci
all the white metal possible to the
government before the purchases un.
der the Pittman act at the fixec
price Of one dollar an ounce have
been completed.
Reports Of the director of the
mint at the close of April were
that 100000 ounces of silver re.
NAMED to be purchased by the
government. At the end of March
the figure was 20,000,000 ounces
The rate of purchase in April
100000 ounces a month-was less
than in several previous months
and upon that fact many Nevada
mining men now base the belief
that the life of the purchasing act
may run into the early part OF
September, rather than to the first
of July.
Bullion production in the Tono-
pah district in April was $687, 1876
according to official mine and mill
reports. This was an increase OF
nearly $4,000 over the previous
month. Higher production was also
reported at Rochester, Cortez, Eu-
reka, Candelaria, the Comstock and
other camps, but no official figures
we're available.
There has been some threat Of
abor troubles in the building trades
n Reno, and this has cut down to
some extent the spring and summer
building program. An indication
hat the threatened difficulties may
1ot materalize is seen by some
observers in the fact that electri-
clans have withdrawn demands for q
wage increase from SO to 50 q
day.
Except for a few carpenters and
men in allied trades there is nc
unemployment in the state. Most
companies are finding it difficult
n impossible to fill the increased
iemand for miners, and sheep mer
nave had to import shearers from
Arizona and other states. Herder.
ire scarce.
Strikes at the lumber camps neal
Reno, called by Industrial Worker.
IF the World, have apparently
,een lost, but pickets Of the strik
RS are infesting employment agen
les and still keep many men away
rom the camps. All the lumber
companies, however, report that
heir forces are nearly normal, ant
umbermen say that the strike il
lot affecting them seriously.
The livestock industry in Ne
vada is in better shape than i
has been for several years, ant
cattle and sheep raisers believ,
hey will be able in a year or tw,
o wipe out the heavy indebtedness
contracted in the lean years. Their,
S greater demand for youni
teers in eastern markets, and price,
iverage ten per cent higher thar
It this time last year. The marke
for lambs has also improved some
what, and although prices are no
much greater than last year sheel
men are making money on the 1872;
crop of lambs and wool. Woo
| prices have ranged from 40 to Al
.ents, and occasionally have gon'
higher.
The weather has been very fav
,rable for lambing. Shearing wa
delayed by bad weather in the lat
.er part of April, but is well unde
low and should soon be completed
Moost clips will be ready for tn
market by June l. Losses hav
been very light.
Some Nevada sheepmen, with tn
,bject of liquidating their indebted
less, are reducing their flocks o
ives, believing that the increas
his year has been sufficient t
warrant it and that in another yea
replacement will make flocks a
arge as ever.
Resources of state banks in M
ada have increased nearly $1,000
300 since the first of the year, az
'ording to recent report of tn
tate bank examiner Deposits IL
creased more than $1,000,000 an
oans less than half million. Ban
Hearings in Reno were larger !
he first four months of 1923 tina
in the corresponding period of las