The Cairo bulletin. (Cairo, Ill.) 1???-1928, 1907-06-19
NEED ABUtL MOVE
, Stock Market, and If Kept Within
Bonds Would Aid During the
July Disbursements.

New York, June 1S.-The steady
withdrawal of gold from European
markets by the imperial bank at ST.
Petersburg during some months past
and contrary to d tacit understanding
With the European bankers At the
time Of the location of the last Rus
sian loan has made connections at
Paris oversensitiye ana after financ
ing London and New York last winter
and fan the French bank continues 10
draw gold and something ike four
million dollars may possibly 50 out on
the next steamer The advance iii the
Paris chequc ana in our own stelrins
quotations have led some 10 expect
that London might possibly get gold
from here, the Paris Cheque apparent
~ not being a detriment so far this
week to exports direct to France The
publication Of the money value Of cot
ton exports lip 10 the end Of Jane
the last month partly estimated inei-
Gates the enormous sum of s4SS009,N
oo0. the largest money value ever re.
ceiyed ina similar period for that
commodity.
OF Eve European and English prices
all either show an advance or relative
ly the same quotations as in the re-
cent past which are figures Of an adj
vanceh market, With improved con
difions since the last government lei,
port at least 50 Wall street takes il,
it is possible chat in measure the
history Of ten months Of our cotton
crop will be repeaed in other grains
giving us credit items abroad. VI
must not be forgotten that we have
cancelled large amount OF our Euro
pean Indebtedness and his can easily
be replaced on the resumption OF c9a.
bdsnce against our export credits.
This country needs q great deal oI
money III its. development ana as soon
as Europe puts its own house in order
and gains confidence in the mango
ment Of o0rs they will gladly AFFORD
the facilities, Several bond houses
haze sent to fnfeign correspondents of
late favorable reports 70 condition 3f
their special markets. and one house
here sonl This week a block of muni-
cipal bonds Of considerable size for
he time in many months to a large
Individual investor who asked no
questions, but simply bought the
bonds. This house has not Been 81.
tiiushstic over the future of the hond
Inaitbt tna this incident caused them
Ito think tina perhaps they might have
10 revise their opinions. The diyi,
dend Of Adams Express might be
termed magnificent if the times We're
different and people thought well Of
corporations and their management
BUT this gift to stockholders really
made little impression. The payment
of regular dividend by the Central
railroad of New Jersey instead OF an
Increase to per cent is appropriate
aeilon considering that the anthra
cite coal roads and especially the
roads control is now subject TO q
suit in The federal courts.
We haye taken a more cheerful tone
Of late, SEc. believe we are CORRECT but
we do not expect any promo need NJ
turn. Tie aetual questions lqday on
aciise stocks moan very little IN
ion Pacific and Reading occupied mes
~ lhe attention from the room cle-
mcnt. a bull market kept within n
reasonable range would be q most
beneficial one over The July dtsburso.
ments and place less trs upon u
slisht Tendency In The hardeaihe pi
CALL and time money as shown by
moia ions.