The Paducah evening sun. [volume] (Paducah, Ky.) 1906-1929, 1908-05-18

10 CTtdtt tonultlOHS as 1dNOTdDlt ds
possible to the placing of these forth
coming issues.
Volume OF Trade.
The business situation continues
very unsatisfactory. On every side
complaints are heard of the shrink
age in the volume of trade, and facts
are multiplying which prove the cause
for complaint. 1t is all very well and
even very proper to cultivate cheer
full spirit in the face of adversely.
Certainly that will be vastly more
helpful than lingering weakly upon
the discouraging side of affairs. But
exceedingly dull, and anywhere from
20 to 80 per cent less than year ago.
Buyers cannot be induced to purchase
merchandise. because they find con-
sumption shrinking and prices fall
iCg. Under such circumstances they
feel they are certainly not justified in
carrying any larger stocks than abso-
lutely necessary. When prices come
down to a more tempting level: when
il is demonstrated that production is
being curtailed much more than con-
sumption, and when demand begins
TO revive and confidence RECEIVERS.
then we may find solid reason, and not
mere Imagination, on which to fix re-
newed faith in the future If our
good friends OF the Prosperity League
will give the unemployed a job, and
prove to buyers own satisfaction that
the bottom has been reached, and that
henceforth demand will improve, they
will do vastly more toward bringing
about recuperation than all the sun
shine talk imaginable. OF course,
the mental attitude in business, or
what has been styled confidence, ."
is an important factor in business;
and without it progress is impossible.
But. after all. prosperity will only re-
turn as the fruit of hard work. good
sense and patience until conditions
have worked out their own cure. You
cannot hypnotic prosperity. nor bring
!. about by a process of mental
healing" 1t must be recognized that
our business system is a huctuating
one: that progress goes in waves;
that prosperity is always followed by
adversely; that contraction follows
expansion, and that high prices must
be succeeded by low prices. Such is
history for ages, and such is the eco
homie course of business affairs. Sur
gerry and medicine are ust as neces-
sary in the economic world as in the
physical We have already endured
some rather severe surgical opera
lions, and have taken some very bit |
Ter medicine during the last few
all of which, in due time, ]
will work out beneficial results. The
worst has been passed, and better
lines are surely ahead. Meanwhile,
We must be, patient; and the more
hopeful our mood, the better. The
Dnly wise course to now pursue is not
10 antagonize curative methods, how
ioever disagreeable they may be, but
% recognize the changed situation and
adapt ourselves promptly to these
new conditions. Those who are the
irst to do the latter will be among
he first to regain their financial
iealth.
Stock Market.
The outlook for the stock markell
S not without some encouraging feat
Tres. The monetary future, for in
stance. lis clear of all important trou-
Die for some months to come. Funds
ire superabundant, and likely to so |
'emain owing TO our imperfect sys-
EN- for contraction of the currency.
Rates of Interest are low in conse-
iuence, and will probably remain low
intil crop moving begins in August.
such conditions are innationary and,
1f course, stimulate gold shipments;
500, 200, goo have already gone back
since the panic. Thise movement
,auses no uneasiness IN monetary cir
;les; in fact, we could easily spare
si00, 100000 imported here during
The panic without disturbance. Per-
haps the most unpleasant feature in
he money market Is the rapidly grom-
ing government deficit, which will
compel large withdrawal of public
funds In depository banks. However.
as already stated, the money market
has a clearer outlook than usual for
three months ahead; and this Is the
most stimulating factor in stock mar
ket operations. The next bullish ele-
meme Is the crop situation. We are
sure OF big winter