The Cairo bulletin. (Cairo, Ill.) 1???-1928, 1907-09-23

4
! month of August, for instance. n
New York being valued at $1,000 900
as against $30,953. 900 the precedin,
August, and the duties collected on
i direct imports for the month were
| s1f311,000, compared with s13,Gsl .o0i
These duties are now available under
the Aldrich amendment for deposits
in the national banks, instead, as has
heretofore been the case, of being
transferred to the treasury, whence
/ they could only resume circulation bv
means OF the regular congressiona
appropriations.
The decision of the Amalgamated
Copper company to curtail production
80 per. cent as first step. and what
ever additional amount may be need
ed to adjust the production to the
market requirements, is move in the
right direction: it may be regarded as
the forernnner of similar movements
IN other quarters. The Smelling trust
Is recommending to Independent lead
Producers a general reduction of so
per cent in the output under threat
Of flooding the market with supplies
II the recommendation is ignored.
The chairman of the United States
Steel corporation board in published
demand Is fully recognized in iron
aud steel circles, and states frankly
that the new orders for the latter half
~ 1907 airs rs per cent below those OF
the corresponding figures Of last year
The demand of tile railroads for a
strong and more perfect rail is, Of
course a factor in this situation I'm
that there is every encouragement for
to refrain from purchasing
loadbed supplies until the joint com.
mittee of railroad men and manufac
Enrers who are giving the question
scientific study shall have made their |
'oport 1t is possible that orders for
steel rails that naturally have been
tccumulating during the period OF |
suspense will then make much more |
ayorahle comparisons that at present |
The news developments of theI
week aside from the efforts to REDUCED
he metal production have been on
he whole quite favorable. The New
York City AZ per cent bonds. which
we're offered last week, have sold at
bout per cent premium over the
+verage price of issue and the older
'nnds OF the municipality have
appreciated in value. Thel
dvancc In Northern Pacific is con-l
trnod as IN indication that favorable
evolopments of some character are
ending In connection with that stock
cspite specific deniaIs of e1ualfyI
lrecasts alleging to give the details ,
the coming action Mr.. Morgan
as given official denial that he has
cen accommodating Union Pacific orI :
lat any basis exists for a report,
idely circulated, that he had pur.
lased 10000 shares representing an r
iforced sale by a prominent Nom.
y of the STANDARD Oil party. The
'vernment's Investigation which has Il
zen In progress in this city this
eek into the Standard Oil com r
my, although showing sensational n
lancine and profits, did not become
influential feature in the market
luation in that il merely placed fl
finite form Information that had
eviously been the subject of gen. 4
al and confident belief. It's main
with the market Is con /
med in it's practical demonstration
at the administration has not given
its campaign against wrongdoers.
they individuals or large corpora
ms. The president Is in the fight
stay and the successful completion |
his plans means added protection
4 value for the holders Of seeuri.
IS. He has been misrepresented.
thinking people ure every day bel |
ming To see the wisdom of his l
Icy and the beneficial results TO
sue. 1t is not the presidents policy
Il is the source of weakness in the
ill street situation The real &c
uble is the fact that Wall street
i the country at large have gone
'ad too fast and are now suffering
inevitable reaction. The presi- Fl
ITS avowed policy of punishment CT
corporation officials responsible
evil deeds is one that will prove
cacious and has the additional
rit Of avoiding punishment of in 20
'cnt stockholders for what they are fe
no wise TO blame.
he situation is not suggestive Of a al
nounced and sustained rise: eau. to
should be exercised in purchas-
and profits should be promptly tn
en- when they accrue. The mar al
promises to continue a favorable tn
for quick trading. CO
HENRY CLEws.