The Hattiesburg news. (Hattiesburg, Miss.) 1908-1917, 1909-07-06
Tariff Tinksrins is Still Caus-
ing Uncertainty in
Business.
IT May TAKE
SIX WEEKS Longer
Plenty Of Money for Legitimate En-
terprises, But Investors Are Much
More Careful Than Before the
Panic.

NEW YORK, Irly 6.-The lew
Lackawanna deal and The decoration
of dividend equal altogether to 40
per cent. gave increased stiGulus to
the stock market.
No change of an unfavora5ie char
acter can be detected in the general
situation. The business outlook is
generally satisfactory as far as re-
CARDS activity. but the prevalent dis
position Is to await the outcome of the
. harvest. which is now the most i'm
portant point of interest TIE past
week has been exceedingly favorable
for corn, all indications suggesting
the largest crop on record, for which
the farmer is sure of profitable prices
ecen If lower than year ago. The
wheat situation is better than DIT OH,
time anticipated and farmers arc sure
of good prices, but the surplus for ex-
port is sure to be considerably cur
tailed, a matter of some moment in.
even If lower than year ago. The
most unsatisfactory feature in the crop
situation is the deterioration in cot
ton. June is usually a month of prog
ress for this staple, but in spite of the
decline. conditions still remain fairly
promising. Suffice it to say that the
svarious government crop reports forth
coming within the next few days win
have an important effect, not only
upon business, but upon stock mar
, ket operations; and the indications
are that these will be universally en-
eotraging, cotton perhaps excepted.
Congress continues to be subject
of uncertainty. The tariff isprac-
tfcally closed, but final action seems
likely to be delayed another mouth or
sin weeks owing to discussion regard
ing the corporation tax. At this writ
fns ii is Impossible to forecast what
form Of taxation will be adopted In or
der to- make good the governments
present deficient revenue. It is not
epeeted that the tariff will materially
increase the latter; because the rfss
posed advances in schedEested re- z. - 6 !
to check importsstr chr z;;asa viii tend
NJ ~raref than 10:s0 e,., $3.50. rat,,s,
rday mornins - anu - -
than increase revenue. i :" =.
,ortant and rather an unpleasant FACT
that the present treasury situation Il
ANYTHING but satisfactory. OF late the
treasury deficit has diminished tenn
porarilv owing to the increase OF Gus
TOMS revenue arising from a rush Q
importations made to anticipate IN
new tariff. When the latter : i'naii'
nassed. the tendency will be to re
strict imports, although the incrsas
,sof business activity win on the othe
hand tend to stimulate our acti'i'
MI, A. the other hand tend to stim'
late our purchases Of foreign product
Tho treasury situation is further en-
cali for s25,o00, 900 from tie dep's
barragsed by the fact that July viii
a month of arv heavy expenditure
and relatively light receirss. seer
tarv Macveagh has alrestv issued
raries and the amodnt Of funds no
IN hanks may be lowerci turing U
net few months. ReFiois esti'na'
are to the effects that she treas'
II
NAV find itself With not more mi
s5ooooooo cash at end Ct july. sol
unusual steps viii onanssl'opaF
have to be taken to assist The tre'
ury, possibly in the form OF 90
issue. The situation is further aggl
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