The Cairo bulletin. (Cairo, Ill.) 1???-1928, 1907-06-17

arc upon relatively low level and
! often show attractive returns at cur
rent quotations There Is an absence
4 81 buying power however. also, 4
! lack Of general confidence, which pre-
/ vents any sustained rise The tea ons
4 for tlns state Of 4uncertainfY arc sew.
oaai, chief of thcm being The unsatls-
4 factory monetary and crop prospects.
] Money rates are steadily hardenins,
paftly OWING ~ preparations iQr ihe
( fuly disbursements. md partly By,
cause ok iIinsnal l4asRn4e upon The
nBnry tnnYtet Local bank fcsrrFes
| are exceedingly low and should Ne
RISING n this seasonin anticipation Of
i the autumn demands Unfortunately
there is no tendency ilus far % con-
tract loans which Still coutinn2 ah
Inormaly high The last statement Of
he country's national banks May ~
gave loans ana discounts al s8,G3l
00G.a00 an increase Of $4250D0000
over the corresponding statement
made a year ago individual deposits
and aasll holdings show a satisfactory
gain nevertheless. the expansion IN
leans must bee onsideed excessive.
Abroad The money situation is also
somewhat unsatisfactory owing 20 tllc
great demand for new capital and an.
ticipation OF commercial reaction. Tho
situation there was somewhat c0mpli-
Gated by me Partisan demand for
aold which was probably the result Of
preparations for financing Russian 10
qHiGeents Thus far Sl2,400a00 oi
SOLID have been exported from this
side Secretary Corteyous decision
20 withdraw about $a00o1,o00 from
slcpositaIM sbanRs also had tenn
nonrly stifeuing effect upon money
rates. although one bnlk OF this sum
sill som Die paid out again IN the
treasury for bond rcdemptions and
alier purposes
Concerning the crop outlook. the
eesgs Ii not particularly satisfactory
Our Weather continues old aud we
fpr tho season over 4 very large sec
fl5R ~ country aAli the ctnns alw
bars ward Cotton has been consider
ably damaged ana good weather viii
be Imperative during the balance Of
the season 70 secure a Sair crop. Re-
ports as 10 damage have been exag
gerates for speculative effect: never
tntless considerable Of the advance
in CO ton has been justified by wea
taer conditions Some Improvement
can be noted ia the wheat crop, all
though there has been serious injury
iii Kansas Wheat. however, readily
males god growth in cool weather,
and there rs as yet no reason for APP
prehension regarding this important
cereal In both cotton and wheat re
ems high piicos promise To more than
make good 10 he farmers any short
age in the Yield The outlook for corn
rs uncertain Planting ought 70 he
finished by this time; but in the
northern sections considerable re-
is YET 10 be done Com is I
essentially a high temperal crop, T.
and cool summer and early frost /.
MIGHT easily cause disaster in this I!
our crop ut greatest value Al the !
same time il is utter folly to show uu
duo apprehension at This stage The
sasun is hate and backward but fhcre I
age abundant chances during The next Z
three munihs fur Improvement Tux
ing the aericuWial situation as a
IS hole. the outlouk is not especially /
lufayorablc Our farmers are gcner
ally ont of debt and practically sure /
Of prof abide prices for all ihcr. pro I
d'cts during he ensuing YEAR j. vail /
take a ruch more serious crop dam
age than now seems imminent TO /
break the effect of the current pros I
perty which American farmers are
enjoying. q small proportion of them /.
are dependent on single crops. ana
what they lose I'm one direction is |
likely to be compensated for by good /
prices for o.her products Those who /.
are seeking worry can end il readily
enough without going out into the
Gelds
The street continues more or less
disturbed by the possibilities Of gov
Interference with corporation |
n.cih ods The action taken against l
hc anthracite coal combination /
serves 10 increase this uneasiuess,
especially ~ the opinion Is general |
ls-ai The government stands = lair
chancc 81 winning its ease, although I
ilie latter is likely TO occHps c0usid /
he length Of time 20 tic COURTS
A sn effort b'di vgcae mluhmhmhh !
A.. su OBJECT io tins ahoWefeT there 4
sa - Tire admirable veto nessags uf (
Governor Hughes uIoa the iwocent I
fare bii al Albany. Governor ilughes /
'oob fhe ground that two WRONGS did /
Dot make a right. and thai because /
he raiirnais had offended in Some I
particulars the STATE was not justified I
iu exercising . vindiciive spirit in the /
uf Justice. Governor
Hughes arguments were statesman I
IKE. sound and unansweTabIe. and I
have certainly raised him still higher /
in The ranks as a man Of conspicuous /
ability. good Judgment and high char
acfer
Con=irealiie uurasinrss was shown ]
81 tlucs over fhe japanese agitall5.. |
This Il absurd Iausu does MT want |