The Paducah evening sun. [volume] (Paducah, Ky.) 1906-1929, 1910-10-24
POLITICS AND
CORN DIVIDE
INTEREST IN STOCK MARKET
FOR WEEK.
PRESIDENT Taft's Conservative Att
~ tude Maintains Quiet.
MONEY MARKET Is EASY.

N'''tf vi tue SUCK tNtnanRc has
been In refreshing contrast with the
stagnation of the last few months
The better undertone which was
animated in these advices as early
as September 10 has at last crystall-
lied into an active demand for stocks
at advancing prices. As usual. the
Initiative who recognized changed
conditions. and each day the buying
movement widened with a resultant
advance OF several points in all the
leading shares.
The most important single ele-
ment OF Improvement was the posi-
tive assurance OF a bumper corn
crop. The value OF good harvest
Is much more highly appreciated I'm
the Kest than here As a result of
the big corn yield. our Western
farmers and merchants have each
pat on a spirit OF renewed con-
ndence. so that already the business
outlook throughout the great corn
belt is showing real improvement.
fess imism, never 20 deep I'm the
West as In the East is now napldly
disappearing. for the farmers win be
able 90 meet their obligations. and
land speculation has received
wholesome quietus through the time
~ efforts exerted by Interior bankers.
Incoming advices from the West are
all OF much more favorable nature
Than a few weeks aeo. Corn Il
lower IN price than last year. but
this fact will be Offset By farmers
feeding more corn 10 cattle. As the
after are bringing high prices. u
VIII prove more profitable to turn
corn into meat than into any other
marketable product.
Corn and Politics.
While western sentiment has been
Influenced by the corn crop. eastern
opinion has been conspicuously
Affected by political Developments.
These are clearly favorable. Repub-
hcan ioEses may be expected, Il ISL
true. but they are regarded with
~VgRnimity and even with gladne =
Ia bome quarters a. likely TO I'm
posc check upon abuses which arc
apt to creep In with too long politi-
cal Innings. Local issues In this
slate are largely personal. So far az
national isrues are concerned. these
appear 20 chiefly center upon the
tarln. President Taft's idea. how
ever. Tor a partisan commission,
aiming 20 deal with the tariff one
tcncdule az time. has allayed much
or the anxiety In this quarter
Among other favorable political in
dications are the moderatlng OF pub
lie hostility 90 corporations: the be
lief that the supreme court will not
destroy property rights. and the ex-
pcctation that the railroads will Sc
cure reasonable treatment In their
request for advanced rates. All OF
these considerations have combined
10 stimulate revival OF confidence
In security markets somewhat
better demand for bands has also
recently developed This Is partly
an indication OF increased confidence.
Is partly due TO accumulation OF
funds seeking investment and partly
90 a realization OF the fact that
bonds are really not endangered by
any probable action which. the inter-
state commerce commission may
take on the rate situation. Presi-
dent McCrea's thoroughly sound and
temperate argument in favor of bet
ter rates created a strong impress.
sion. not only in investment circles.
but also among shippers who are
fighting all advances. among politi-
cal leaders at Washington and
among the petty politicians who
have been lgnorantly assuming that
clubbing the railroads was good for
vOte-making. Everything now in
d.Cates that the railroad problem
will be solved along lines that recog-
nize rights OF both railroads and
shippers. and that justice will be
dealt out as evenly as possible to
each and every interest.
Our foreign trade Is showing a
very remarkable and satisfactory
change towards more normal condi-
tons In September our exports
were valued at nearly s169, 100000.
This was nearly SIS. 200. 900 in ex-
cess OF last year, and was probably
the heaviest September on record.
The increase was partly due to heavy
cotton shipments. Imports during
the same month amounted TO only
$1T 100000, a decrease OF nearly
S4,OO0,O00 compared with last year
Thenet resnlt for the month avs an
excess of exports of S51 100000,
compared with $S3. 900 900 in 1909
aud nearly $41.OOO.OOO I'm 1898.
This change In the tendency of our
foreign trade Is wholesome and sig
nlhcant, For a long period, owing
chiefly to the high level of prices
here. the tendency has been for inn
ports TO increase and exports 10 d.
m'nlsh: thus creating a surplus OF
imports instead OF exports as usual.
II Is quite 20 aible TO have a salts
factory foreign trade in which Inn
ports exceed or equal exports, for all
foreign trade In the final analysis Is
barter. and cannot be continued I'M
less mutually profitable But the
United States has always been an ex-
mort country, owing to its surplus of