The Cairo bulletin. (Cairo, Ill.) 1???-1928, 1908-02-17

dividuals and private corporations.
/ Stock exchange operations have
lbeen more or less checked by political
developments. We are now entering
Iupon the discussional and really crltl
| cal stage of the presidential campaign
| This is the time when all sorts OF dis
turbing issues will be raised and dis
cussed with more or less vehemence
The new policies recently advanced
must now stand the test OF the politl
cal furnace. and the development o.
public opinion will be watched witt
keen interest in order to ascertain
| the issues and the men that will sue
coed In the coming campaign, Thf
/ crusade against corporations ane
great wealth makes this campaign
one of supreme importance. The
1political atmosphere in this respect
has fortunately already been much
Icleared. Public opinion has beer
| Thoroughly aroused, and the agitation
/ in this respect has probably seen is
| worst phases. It is now settled thai
| the greater corporations must ODE.
| the law. and hereafter show decent
| regard for public interests. The LAT
| ter they are beginning to do, in man
cases voluntarily: having recognize
| the necessity of palliating publ
opinion AS for the disdeeds of SC
called "high finance" these are a
ready meeting with deserved retribl
ticn: sometimes in the corrts, bu
more frequently through financial co
| Lapse and public ostracism We hay
had many striking examples latel3
that there are numerous evils DIM
cult of suppression by law, which dis
appear quickly under the influence
an aroused and sound public opinion
The latter is a power of tremendous
force when exerted, and it is safe t
say that many of the deals and trans
actions which were passed over WIFI
out challenge two or three years az
would not be repeated in the financia
district today. Comparatively littt
reform has thus far been secure
either through legislation 0 renforf
| ing the law; yet everyone within ID
! precincts of Wall street knows the
business standards there are on a ar
trnctly higher level than twelv
months ago.
The future of the market is some
what uncertain with prospects OF
extreme fluctuations in either dire'
ten Values have already undergon
so severe a contraction that there !
but little room for further declin
even should some of the unfavorab
developments now expected materia
ize. Decreased railroad earnings an
possbly decreased dividends have a
ready been very largely discounted
So. also. have many OF the trouble al
rearing from day to day as the ate
math of the panic. This explains VII
the latest bank troubles had no effet
upon the market 1t is drite posslbl
i'm view of the recent rally that price
may sag off for period, especiall
should unavoidable news transpire
We look, however. for no decided r.
action: but rather for frequent fiu'
trations to and fro and good tradini
market. Much depends upon the out
look of the crops and the elections
As soon as the nominations are df
eided upon some opinion can b
formed as to the latter. Meanwhile
it will be advisable to avoid heay'
commitments on either side of tn
market, but to avail of the wide flue
tuations hereafter which will be frt
auent for both buying and selling
Otherwise buy when down and sci
when up.
HENRY CLEWS.