The Washington times., 1910-04-09
IMPROVEMENT EXPECTED
ON NEW YORK EXCHANGE
(Henry CLe1Vs 8 CO. WeekLy Market Letter.l

what Wages are rising. and the pros
poets OF large crops VIII tend TO lover
because supply cannot be quite so
promptly. expanded Here. too. however.
N due season we may anticipate a.
downward reaction Little by little the
adjustment IS being made 70 the higher
level: and as this process becomes more
complete, the opportunities for resump-
ton OF trade activity multiply The cot
ton goods industry is still impaired BY
difficulty OF distributing goods al pres
ent high prices, but production IS being
considerably cuTta1led and cotton has
shown some signs Of weakness, which
should facilitate readjustment.
Good Prospects.
Good prospects are prevalent IN the
iron trade; the large issues OF new Sc
curities meaning that the railroads VIII
ere long become heavy purchasers OF
constructive materials. Already heavy
orders have been placed for locomotives.
cars and rails. and these orders wiz be
supplemented by others as soon p
financial condition shows further in
prOvement.
Easier rates Tor money, which are ap-
preaching. shO, Id improve the market
for bonds and relieve the pronounce.
congestion which now exists in this de-
partrnenL For stocks the demand has
lately improved, and Indications point
TO increasing activity as spring pro
crosses Securities are still under con
troll OF strong hands and many Of our
leading issues are selling at ID 70 -
points or more under the high prices Of
lS-s mere IS no reason 20 doubt that
fair recovery must ensue now that the
various uufavora bic features have either
disappeared or been amply discounted
The Supreme Court decisions, an ele-
ment Of doubt for some months past.
VIII probably be definitely deferred until
the autumn. and in any event would
have little effect upon the market be
cause unfaVOrabIe possibilities have Al
ready been vel discounted
some uneaS1uesS exists regarding the
tariff but TINS Is premature President
Taft. with his usual tact, has success
fully avoided international difficulties
with the new tariff, which with its
maximum clause as a club 70 other IA
tons. threatened serious complications.
Mr. Taft with great patience and con-
SlderaIiOn has avoided this rock OF dis
sension. and done much toward preserv-
ing international comfy and domestic
tranquility.
Better Relations.
Friendly relations have been restored
with Canada, and If all reports are true
the negotiations are likely 70 end n a
still closer and more profitable CONNER
ciaI intercourse with our Northern
neighbor- There IS no reason Why CON
merCe IN that part Of the world should
be obliged to travel East and West.
when equal and adCiti nal profits can
be found IN allowing II D develop North
and South BIr. Taft has not had the
support in reforms from his own party
TO which he was entitled Soma OF the
old time leaders antagonfzed him hence
the disappointment. which should dis
appear as the President rezains leader
ship
The crop prospects should soon invite
Increased activity on the stock market
and influence values with an upward
trend Reactions, however. must be *
peCtsd, especially while the sDecuIarfve
situation In London remains 50 Uncer-
tain A break there would TO some ex-
tent certainly be reflected here.