Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1908-07-01
1iiE BUSINESS OUTLOOK.

The mercantile journals predict that
Within the next few weeks the move-
ireni Of the staple crops viii begin TO
break The deadlock from which he
country has suffered ever since the
historic crisis of last ssutumn IT Is too
soon ~ ret to forecast the ultimate
outcome. but present Indications favor
The idea that the supplies Of cereals
siil be adequate and that prices VIII
b. fairly rcmuncrntivo 20 the farmer.
For example, the department Of aGrl-
rullurts Junc report foreshadnws
something Ike 6SA, 900 900 bushels o.
Anfing ana winter wheat, q Total sell
dom exceeded IA bumper years. The
critical months for corn stlil lie ahead.
but i relatively small crop would
mean much ~ money, al the prospec-
rive iavei 90 value gakinR the SIT
uatipn In ms larger aspects. VIZ may
assume thnt the agricultural CLASSES
win be able % consume manufactured
sspas on u seuic approaching the
maximum and that the leading indus-
tries may hook forward 70 4 period OF.
growth
The movement OF the crops viii give
the railways The succor Of which they
stand 80 directly IN need. Between May
10 and June ~. there wns ii decrease
~ $500 ~ the number o. idle reiaht
ears. but the surplus equipment is still
b%urdensome. The statistics Of eesn-
inHS are disquieting to investors ana
some Of the lines show thin margins
over fixed charges.
Il Is useless to attempt 70 deny the
fact That business Is distrossingly dun,
and What Is more. this unwelcome
stale Of affairs Is not peculiar ct any
one section. but prevails all over the
country. and one 81 the most cogent
causes Of The trouble ~ believed by
many tu be the ill+eonsldcred manner
IN which our great railway interests
have been dealt with by those In au-
thpriiy, Npcn this point the New or
leans Times Democrat says;
The country viii pc FESTIVE. so long
AZ its chief business Is on the anxious
seat. az considered legislation has
done much to accrntuatr the difficul-
Ties 81 tho day. but there are signs Of
a n spirit Ia dealing with corpor-
ate evils No truly patriotic American
desirte .hat the ola system hc restored.
hui ali patriotic Americans must wish
Tor loss Of the hasty reform which has
e"nle to Doe thc fashion The common
carrier Is entitled 20 fairly profitable
rates and tho courts may bo counted
upan 10 arrest the dcmagogues who
would ronriscafe great properties by
lndireeilon There must be- "a square
deal Tor the people and the oorpora-
tions alike, else we shall never emerge
frem Che slough of Despond
The movement ~ The crops viii be-
Sin nndcr brighter auspices than those
81 last year. The International money
markets are to-day 10 q state of ahso
lutte ease. whereas an the exchange
were strained throughout the miasum.
MGR 81 1907. Moreover. there is not
r. trace Of the wild speculation in So
cnriiioa ana land which WIS then
heidirH on the collapse And Ve must
not FORGET that thu NORTHUMBERLAND
pft has gwen f%inanciers assurance Of
relief In q pinch. 50 FAR AZ one can
nov see the national banks viii have
no secession % emit sinsFssh,, nvi--
but the mere knowledge that such a.
resource exists viii serse a. sliay.
-E fears. Merchants and bankers
vii use extreme cohsefyatiin tiil the
presidential election shall have gone
into history ~ the meanwhile. there
vui come HUGE additions a. our solid
Neulihi Through fhe markriinF % the
cropst ard an hsahehes 81 trsde must
ffekIhe ucilf