The Birmingham age-herald., 1905-07-09
REASONS ADVANCED FOR HIGHER STOCKS Outlook for Good Crops Are
 Very Bright PROSPERITY ON ALL SIDES Railroads Are Doing Record Breaking Business-Rockefeller and Car
 nege's Mania for Giving
 Away Money.
BY W. G. NICHOLAS.

New York. July S.-(Special. )-The stock market is working very much like 1t did a year ago. It is slowly creeping up the only difference apparently being that it starts from a higher range. Ii is hard to find good reasons, however, why quotations should not continue to rise, and there are many reasons why we should look for better prices The year is now more than half through and the outlook for generous crops is bright The bumper yields which were expected in some quarters may not be realized yet the grand aggregate will undoubtedly be yield of cotton will be below the prom ise of forty days ago. yet it will be suf- ficient to make a huge addition to the wealth of the south.
 The world seems to be educated to the acceptance of ten-cent cotton, the uni versal demand for the staple and its pro- ducts being steadily on the increase, while production appears, to have limitations Of the cereal crops there will be enough wheat to go around and something left over to supply foreign demand. There will be a 90,000000 bushel crop of oats the biggest hay crop on record and an unusually large yield of winter wheat Spring wheat may fall below the average and probably will The corn looks we'll although it is too early to make any esti- mates of results. Bankers and special ists in the financial world do not antici- pate tight money. although not unwilling to encourage the idea that business re- quirements will be increasing urgent and rates remuneratively high. Railroads arc doing a record-breaking business and arc straining every nerve to increase facili- ties for handling the swelling volume oi tonnage. In the industrial field every wheel is turning and skilled labor finds active employment at living wages. There is not enough unskilled labor to meet the demand, and the tide of immigration cannot inflow fast enough to recruit tho pick and shovel host to the full extent Taken as a whole the country is in 2 superbly prosperous state, and the situ ation Is bouyant throughout. It is no a prospect to encourage the bear party About the only thing the pessimists have to rely on is the gnawing fear that tht
 w n1t6 House occupant Iidy iilsiSl Oi doing things next winter to disturb bus mess conditions. The friends of th' President are still strong in the faitf that he will be moderate in his actions and yield to the persuasive philosoph, thatiit will be the part of wisdom to le well enough alone. The stand patterl are doing the best they can to convince him that the welfare not only of his party but of the country will be best pro noted by political inactivity at Wash ington.
 These are the days when majority O the population of this country Is activel, engaged in making and saving crops hay ing a marketable value of s4000 0O0,OOo t' s5. .00O, ,00O. GOO making provision for the sus tenance of livestock worth double tha amount and digging from the ground coa and minerals worth $l ,O00,000tOoo. These and the finished product of tens of thousand' of mills and millions of artisans furnisl tonnage for 220,0O0 miles of railroad anc livelihood for the wives and families of 1, ,2O0,0O0 railroad employees Don't be too hard or too continuously against { national prosperity grounded on the in telligently directed industry of So,ooO,Oc people.