The Cairo bulletin., 1909-07-12
Special,

New York, July 10,-Events of tht
week were generally of favorable
nature. Progress is still the ordeI
Of the day in industrial circles, anC
many of our manufacturing plants
are now running at or near their full
| capacity. The press of orders fol
railroad and other constructive work
has been so urgent that the stee
| trade continues particularly active
half of the current year having been
II 900, 900 tons, compared with $500
| tons during the same time in 1898
| This does not show full resumption
of old time activity the record output
for the first half of 1907, being 49,,
100000 tons; but The result for the
past six months certainly indicates
most gratifying recuperation. Two
great textile interests of the country
are also in very satisfactory condi-
ton Owing to tht extensive curta'l-
ment of production which prevailed
last year after the panic, there are
few signs OF oversupply in any direc-
ton. in fact, scarcity is the rule,
prices are high. too high in some par,
ticulars because consumption is
being visibly restrained thereby; yet
there is general absence of spcua-
ton in the textile trades, and a large
distribution of fabrics is confidently
anticipated during the balance of the
year. IN other departments of trade
and industry the outlook is also favor
able Production is rapidly regain
ing normal proportions: labor is gen
orally well employed, and complaints
are few The country continues, of
course, upon a high level basis, and
there are no indications of any early
change in this respect, for the simple
reason that, speaking in general
terms, supply has not yet exceeded
demand; and the innationary effect
of cheap money is becoming more
and more evident
Crop Situation Good.
The most important element re-
garding the future is the crop situa.
ton This, too as a whole, is very
promising The sharp drop in cond!-
tion of cotton recently reported was
surprise and caused brisk adj
vance in that staple. Cotton, how
ever is a late plant; two months still
remain before full maturity Of the
crop; during that time much recoy-
cry will he possible. and it should be
borne in mind that no crop was ever
very seriously damaged by excessive
rain. except in the lowlands, the in
jury there often being offset by the
benefit in the upland districts, to
which rain is rarely a cause of more
than temporary disaster, The corn
crop continues exceedingly promising
and predictions are still being made
for a record breaking $3.50, 600
crop. This is the most important
crop of all not only to our farmers,
but to the railroads The practical
certainty of high prices for agricul-
tural products. even should they re-
cede from present levels, means an
other profitable year to the farmers.
1t means also heavy traffic for the
railroads. and should be beneficial in
providing an abundance of feed for
the cattle raiser The government
report showed much Improvement in
the condition of wheat and the out
put of winter wheat is likely to prove
larger in quantity and better in quail
ity than at one time anticipated. Corn
was reported IS points better than
last year and As points better than
the ten-ycar average Winter wheat
was IS points better than a year ago
aud rs points above the ten-year
average. while spring wheat was PC