The Cairo bulletin. (Cairo, Ill.) 1???-1928, 1908-11-16
Special,
New York, Nov. II, 1908.

| one Ul the most gratifying features
Of the day Is the unmistakable re
viyal of business in many directions
OF course Improvement Is mucl
more pronounced In some quarters
than others, but the recovery Is mos
certainly genuine and not Of the
imaginary sort talked about by las
Summers prosperity boomers
There is no extraordinary prosperity
nor boom in sight and none is de
sired for the country has had enough
OF, such and their disastrous reac
! tons, and simply requires a gradual
4 ANA steady resumption Of normal ac
! tiyities, such AS IL Is now expcrienc
ing. An chat he country needs for
the present is to be let alone for a
period in order to recover It's nerve
and wonted activities
If we look for the quarters in
which recovery liz most pronounced
We find ii in the building ana engi.
necring trades. This was to be eN-
pected. A great many important en-.
terrriscS were in course of construc.
ti0n or about TO be initiated when
the panic came. These works, more.
over were often very urgent in their
character owing to the rapid growth
Of our great cities. Congestion o.
traffic and the great demand for new
homes and Office buildings made
many of these enterprises imbera
tive. The great pressure upon the
railroads for better terminal faciu
ties ana greater carrying capacity is
already an old story; and their ex-
cesSive demands upon the money
market in 1907 was no doubt one OF
the elements which brought on the
financial crisis that for nearly year
Pardlyzed all industrial pursuits.
With easier conditions IN the money
market and with a gradual revival OF
confidence, these activities are being
resumed; and now that the
last element Of uncertainty. the
presidential election. has disap-
peared the chief shackles upon in
dustry have been lOosened Another :
very important aid to resumption has
Isl
High costs OF production and opera !
ton the eneyitable accomplishments
CT the late boom, have been a serious
hindraDc2 to recovery Raw ma
.elld g however, Underwent con.
I'D raj lie. decline after the panic.
lnj this fact together with the rigid
.ccninies recently enforced material.
" facilitated a fresh start. 1t is es.
limited that office buildings, anart.
ncntS and other engineering struc.
urea can now be erected at cost
u 10 to - per cent less than a year
II two ago. Steel, lumber and bricks
'ach having undergone considerable
Icclines. Wages have not been re-
uced. but labor is in a much more
ational spirit than formerly and its
Efficiency is undoubtedly better.
some idea of the increased activity b,
n building is obtained from the regr-
ar trade authorities, which show
hat building expenditures in - lead.
NJ cities during October were nearly :
4 per cent greater than in October.
967; while the increase In Greater
Jew York I'm the same period was as
luch aS 20 per cent. This com
&rison Is made with a time when
tpressiOn was beginning i'm the
uildms trades bpt had not reached
; climax nv 'atfye means: and the a
CURES just quoted show a surprising
evival in an important industry.
ieshadowing a growing demand for
ttel and all other building materials /,
he signs of recovery extend also 10
Their lines of business. The cotton
oods trade is much more active "
nan at any time since the panic. >
nd liberal orders are being placed at u
iNancing prices. There are fewer a
lie cotton and wooden mills than !
" many months. Interior dis y
.ibutors are now filling up their n
lelves with larger supplies of dry c
nods and groceries stocks having Il
aer much depleted by prolonged Al
'ution in purchases. The west con Isl
nues optimistic and prosperous. Il
lanks TO a profitable harvest. and Of
Iere is every prospect OF a good fall nj
ID winter trade In all parts of the 81
'rntry from Maine to California and "A
ON Dakota to Florida Our rapid /,
nergence from depression Is re- L.,
We plunged more deeplvi :,
an any other country into thel
cugh Of despond; and As usual we ~
i" leading all Others IN the path to- ~
ards recovery. This OF course il ex- a.
aimed by our great national re- ~
lurces. By our great wealth AMI b. 10
lr general financial soundness 50
icked By the indomitable optimism W
hich characterizes the American Of
irit Later on Europe and Great al
litain will follow our example. for an
iich there is great need especially ST.
the latter cOUntyr. eli
The stock marFet suffered spmf tn
bat from a reaction. partly becausei Al
e. Hartman lines failed 10 10 what r.-
b. expected By raising Union Paci-i If
dividend and providing for r. r..
smeht % SOathen Pacific pre- 80
fned. The market really took these :.
appointments more seriously thauf -
justified. The truth is thati
'cks had reached a level that male -