The Cairo bulletin. (Cairo, Ill.) 1???-1928, 1910-04-25
SPECIAL.

| SPECIAL.
New York, April %. 1910.
Resumption of activity on the stock
exchange has been somewhat slower
than anticipated. owing to tempo
rary combination of rnfayorable con-
ditions 1t Is quite important to rec
ognize these impediments and to
reach a fair estimate OF their dura-
| tion. The business situation is spot.
| ty, and there r. lessened activity in
trade, as well as a notable decline in
the overconfidence which existed at
the opening of the year. The causes
of this change in commercial sentl-
ment are not very difficult to dis
cover. Continued agitation against
high prices is having an unmistakable
effect, and has awakened the public
mind to the absolute necessity for
economy. In ONE instances the ex-
| haustion of buying power is forcing
economy; in others recognition OF
the toorapid pace at which the coun'
try was going has produced greater
conservatism. There has unquestion-
ably been a lessened consumption of
many articles of food and other ne
cessities. "a we'll as Injuries. Retail.
ers are in consequence buying IN
small quantities, and the reaction
thus started is passing on to the job
Der, the wholesaler and the producer.
In consequence we are witnessing de-
clining price in nearly all Of the COM
medity markets; natural, whole
some and highly desirable reaction
from the prohibitive level to which
values had frequently risen.
Effect Of Politics.
Some further hesitation in financial
affairs has been caused by develop
ments in the political situation Much
significance is very properly attached
| to recent elections In New York
state and sachusetts. They have
made two things very plain; First
| that the tariff must be again revised
and this time downwards, also that
the people are weary of political co..
ruption and are selecting a higher
type of men as their representatives
to the utter discontinue of those who
have profited through bossiem and
corruption. Rightly viewed such re-
adjustments in business and politics
are healthful symptoms. They mean
that both business and politics wi !
be on a sounder and more hopeful
ba is as soon as this corrective pro
cess becomes more complete. TEN.
porarily there may be more or less
uncertainty and hesitancy but this
should gradually disappear, and later
on trade should resume normal activ.
ity. especially when it is found that
prices have touched bedrock. TheI g
is really nothing in the business sit
uation to warrant any uneasiness
In the west conditions are generally
sound and hopeful. While there
have been some excuses in Land
speculation, the latter are not in any
sense OF an alarming nature. Much
of the ADVANCE in land has been ba ed
upon increased earning power, an,
as long as this Is preserved there is
no danger of any serious collapse
| Western bankers are fully alive to eX
listing difficulties, and are pursuing
a much more con ervative course. IT
must also be recognized that the west
is much stronger financially than Al
any previous time in its history, AM
will be able to carry its own enter
prises with relatively less assistance
| from the east than in previous in
| stances where aid was necessary. The
west Is wonderful producing section
and views the outlook from that
| standpoint
Crop Reports Encouraging.
Crops reports so far are very en-
couraging, notwithstanding exaggerat
| ed reports OF damage. The winter
wheat crop is in good condition, ard
| promises considerable increase il
the acreage Of corn and cotton, while
1 farmers are already at work using
| the very best methods with which
they are familiar In order to secure
the largest joe ible yield per acre, !.