The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1910-09-20
ngNRY clEws AND BUSINESS.

& IMPROVING Two weeks more ENC In
corn crog VIII be out Of danger, 81
that If frost does not intervene, VI
are practically sure Of 2 bumper crol
Of about 31eo. 900 .o69 bushels. bring
ing TO the farmers over 81, 5ea. f1sas 10
Of new wealth The importance o
this factor. moi only in It's relation Il
The farmer, bnt TO the railroads ant
10 numerous important industries de
pending upon corn, can hardly b.
oTerestimated. II viii do much Il
replace the west upon z sound bust
ness basis, and mrst offset many q
tie drawbacks arising from recon
overeoilg- The cotton crop is alsf
making satisfactory progress. though
later in maturing and more exposed
10 injury from frost than corn Al
things considered, the harvest Is turn
ing ou1 somewhat better than anIici
pated- While grand results measured
IN quantities ara no1 what was orig
5nallr desired. still the country has
escaped disaster from deficiency. and
growers VIII be more than compensat
ed for any shortage NJ the profitable
prices which nearly al farm pTodac-s
row command. This ooultry Is pc
caliarIy dependent upon its ha-Fests,
and the fart that these are about to
be ga-nsred with very satisfactory
financial results is a basis for much
coagratulaTson
In one other important respect there
has been decided improvement, and
that Is IN the monetary outlook
There Is no longer any fear Of 2
money crisis this fail as al one tine
anticipated BIZ means Of forced iiQ-
uidation ting banks al all Ehe great cen
ters. especially New York have M
teriasly strengthened their resources
The lesseaed pressure for funds for
both business and speculative pur-
poses has also removed the probable
ity Of an. dangerous grain upon cur
financial system In The west, where
trouble was most feared, there has
been q very decided improvement and
bankers there are once m.re lending
with increased freedom and easier
rates There wiu be no occasion for
the government TO AID The money
market this rear; in reality, the sit
nation viii be reversed. and the banks
are more likely 70 be called upon 70
aid the government IN the marketing
OF q new loan Nothing more than
usual fan stringeney is now expected
Fortunately they VIII be abundantly
able 10 assisl The only disturbing
feature in the monetary outlook is the
deadlock between British and Ameri-
can banks IN regard 10 the financing
cotton bills Of iading- # the dnanc-
ing Of the cotton crop we're TO fall
upon the New York and southern
banks, some inconvenience If not
serious difficulty might ensue: but the
probabilities are that solution viii
be found before the time limit. Octob-
er 81, expires
The investment situation shows
some beterment, Prices of many Of
the best class dividend payers are
exceedingly low. Moreover. the cur
rent supply OF securities las been
greatly curtailed and conditions are
not yet favorable for new issues. In
view of the extent 10 which unfavor-
able Influences have BEEN SO largely
discounted, there Is abundant room
for occasional rallies. No pronounced
change for the better is ret 10 be
looked for; On tie other hand there
Is 2 reaction from recent pesstmism
and encouragement Is giving way to
z calmer and more opeful temper
There is feeling that many Of on
troubles have been taken 700 serious
II. that exaggerated fears have in
some cases carried values below their
intrinsic merits. ard tha. better things
are in sight. if nor ALREADY a hand
II is quite possible that here and there
dividend reductions may hare 70 be
faced. ret il would seem Is If the
ghrinkage which has taken place with
in the last eight months has ampls
discounted all such possibilities No
a few good stocks are cheap even a
lower dividend rates.
The most disturbing feature in tht
marke, al present IS the political sit
uation- All indications point 10 lid
eral Democratic gains in November
and possibly q Democratic congress
after the next session The present
strong drlr towards radicalisHn Is 10
much relished n financial circles. S
pecialy Is there IS every prospect o
more or less radical legislation wher
members elected next November tak'
their seats. II is 10 be hoped tha
the present wave Of radicalisn vii
later on be checked: for the polirica
outlook lis ANYTHING hut assuring. ant
il regarded with some apprehension
IN high financial circles. Genera
trade continues quiet. Our iron am
CONFER industries are still SUFFERING
from oYerproduction and the textil'
margets from me abnormal price Q
cotton. Nevertheless. there is no IN
soundness fl the business outlook
which period Of quiet and moderate
LIQUIDATION viii not efectually cure
A. the ives. there Is more con6den
.-5o--ora 1~6 while business IL les