The Paducah evening sun. [volume] (Paducah, Ky.) 1906-1929, 1909-05-31


to consumers at large, who are feel
Ing the present high costs of all food
products.
Industrial Situation.
The most encouraging conditions
in sight are those connected with the
Industrial situation. Our iron trade
shows steady improvement, every
branch of the latter feeling the in
fluence of regeneration; the volume
of business being almost up to previ-
Gus years. Some considerable new
capacity remains unemployed. yet
the tendencies are towards further
betterment. and prices are rising.
Railroads have placed large orders
for rails, structural material. cars
and engines. The building trade
continues excellent and is also a
source of much new business. shrewd
and wealthy operators having recog-
nized that the present is a most de-
lsirable opportunity in which to place
their orders before further advances
are established. The copper indus
TRY is also feeling the effects of in
dustrial improvement; consumers are
placing increased orders. and prices
have been firm, although produc-
tion is still In excess of consumption
and supplies on hand remain excess
sive. In the textile Industries there
is considerable activity. especially in
cotton goods; and the dry goods
market generally is in exceptionally
sound condition. although the usual
period OF summer quiet is now APP
preaching. II is significant that Fall
River cotton manufacturers did not
enforce the reduction in wages this
week, which they could have done in
accordance with the labor contract
This showed satisfaction with pres
ent conditions and confidence in the
future. The wooden mills are well
sold up and the big concerns hold
very large orders. All things con-
sidered. the mercantile situation is
as satisfactory as could be expected
and should show a further improve
ment next autumn, provided there is
Is disappointment regarding the ha--
vest. Railroad traffic shows steady
improvement and is being done on a.
much more profitable basis than last
year owing to new economies and
better rates.
Money Market.
The money market continues well
supplies with funds. Bank receivers
have lately been rising. notwithstand-
ing the expansion of loans and con-
tinued gold exports. The great sur
plus of money seeking employment,
not only In the United States, but In
Iall parts of the world, is emphatic
Testimony that business improving is
lstill below its former volume. The
however, is working out it's
own cure. Cheap money is one of
the greatest of stimulants to recov-
Iery; also one of the best. provided 1t
does not encourage undue specula-
tion or initiation. The tendency for
gold to go abroad continues, com
lmercial exchange being scarce be-
cause of continued small exports and
large imports. The future volume of
gold shipments may be affected con-
Isiderably by the securities move
ment. London is quite likely to sell
many of our higher priced securities
in case of any further advance. on
the other hand II Is probable that a
considerable proportion of security
including those pending as well as
those already issued, will find place
ment abroad, and London is now
buying our bonds to escape new tax
alton. There Is nothing in the home
monetary situation to cause anxiety;
yet the tendencies toward depletion
OF our gold supplies and expansion
OF our paper currency are not alto
gether healthy symptoms. Western
funds are still coming In this d,rec-