The Cairo bulletin., 1907-07-01

J notes. Confidence however. Is being
gradually restored and should interest
rates for time money decline, there
would unquestionably be substantial
lrecovery in railroad securities. Rail.
road earnings, gross and net are marc
satisfactory than for several months
past. In April 81 roads reported
gross Of Sl43 600, 000, a gain CT $27..
lbbO,000 over the same month last ycar.
Net earnings We're reported at $40,
100000, an increase of $500, 600 over
The same month last year The en-.
couraging feature of the April com.
Iparisons was The increase In net enrn.
Rings, the first In several months. The
Esagae roads in the first -four months
lof the calendar year reported an in.
crease Of SIS 100000 in gross earnings
land emily sd.S00,00 in net earnings.
nearly $50 100000 Of the increase hay
Ing been absorbed in increased OK.
penses
The best basis, however, for revival
OF confidence at present lies in the
crop situation. We have now had
more than two weeks Of almost ideal
growing weather. There has been no
lack Of moisture in most of the crop
ea3wing sections; and, owing t. |
plenty Of sunshine and higher temper
atsres great, Improvement has fol |
lowed in the condition of wheat. cot |
ton. corn, and all other cereal. vege
table and fruit crops Fortunately
there is a good demand for all the prt.
duets Of the farm at profitable prices
Our farmers are still enjoying INNS
ual prosperity, are out Of debt, and
spending freely. While this will be
helpful to security markets. ii II Of
vastly more importance to the general
business interests Of the country
which closely depend upon the pros
perity Of the agricultural classes
with average weather until the mid
lie Of September, there ought to be
plenty of corn, cotton and wheat for
home consumption and an abundance
or export at good prices Here ana
here are signs Of lessened activity III
business and the feeling Of caution
= very prevalent owing to the high
eTel on which all business is being
tone, but as YET there are no signs OF
general reaction.
The outlook is for quiet market
mil after the Independence holidays
here are many prominent absentees
nd this contributes TO inactivity |
hould we continue free of unfavor
Die developments. confidence ought CO
faduaily recover. A s said above, Their |
much less apprehension on the part :
corporation managers than form
fly, owing TO the resistance against >
lblic clamor by Governor Hughes
nd his determination that the corpor .
ion shall receive justice equally :,
it'll the individual. The Importance :
the governors attitude in this re =
'eet should not be underestimate as !.
any states are sure to follow New =,
lrk as an example There are alsol !,
elcome evidences that the people
Id railroad managers are coming ,oI .,
better understanding with each 9th
This was evidenced by President h,
ellen of the New Haven Line in his
with the State of Massa. m
hsetts regarding consolidation with
g Boston & Maine Road; also. by hi
iairman YOaium of the Rock Island
his published opinion of the atti
lie of the railroads towards the PEG hi
The future depends largely upon
course of money and the crops;
'orable developments in these quar-
$ being likely to he followed by ~
tier prices for securities and vice ~
rsa.
HENRY CLEWS.