The Cairo bulletin., 1910-11-14

prevail in t.le money market, foctor
which $ already having "a favorable
inAren,e upon the bond outlook,
Business Remains Quiet.
General business remains quiet AMI
conn odIty prices ass tending down
ward. In the iron ilale there has
been a still further contraction Of
production. although at the moment
demand for pig iron. Tie railroads
are not entering the market with aly
freedom, but instead are curta ling
their purchases as far as possible,
partly il the hope OF securing better
prices, and partly with a view to
waiting until cond tons become more
satisfactory. Much VIII depend up
on the decision Of the Interstate Com.
merce Commission in regard to rates
Should the latter allow the ra'lroa Is
to make some Increases. and thereuy
| recoup themselves for diminished net
lrevcnue in other directions, the com.
panies will then be in position to
enter tie market Tor Supplies more
freely. Although general business Ii
quiet, no great falling off in volume
can he detected when compared wi
| a year ago. Bank cieai'ilgs n Geo
Der at all points ere reported u
per cent less than year ago. This
decrease, however, ~as largely due
| TO the heavy shlinkage of "a per
cent in New York. where the mae
| tiyify OF the Stock Exchange ex.
| planned much of the loss Outside Of
| New York the total clean ms showed
an increase Of abcat I per cent. In
/ the middle states (lnehlding New
York; there was a less Of Is per cent
in New England '1ss of 9 per cert,
in the middle western states a loss
of per cent while The agific Coast
| states showed an Increase Of 10 pel
cent, southern states per cent ana
! other western states j per cent
| These figures do NOT suggest any an
| portant reaction IN busiaess Never
| tlleiesai the fact that the forward
movement has besp aheebed is a
matter Of some connerr, particularly
| n establishn onts aua corroraligns
Where tae Decreased cost Of do ne
business Is READY an item Of impor-
| ance. The freshontb eak Of labor
trouble IS anything byt assuring TO
| busine IS men, and altogether the
commerce Al outlook Is one that re-
| CURES caution. The increase in the
| Socialistic vote is also regarded wilA
| struft among business men.
In Financial Circles.
| In financial circl-s The disposition
| S to await developments Congress
lwill oren in tAreo weeks and the
| presidents message viii be real
| with especial lnterea: n view of the
recent election. President Taft viii
probably renew his recommendation
for tariff revision. one schedule at 9
time. AS already said no importal
Legislation need he expected from the
com ng session of congress, which
! will end March Another element
of important uncertainty Should soor
be settled, and that Is tic oil and to-
bacco cases on which the supreme
court viii shortly render its deci
: sions, The Interstate Commerce Com
mission, now that the elect on Is
, over, viii be free TO take up the rail
roal rate problem with view t.
, early settlement There Is now muci
less fear OF tnese two latter CUES
4 tions being treated in a raGlcal spir.
il than there was a few months ago !
i begins to look as If the corporation!
:. and the railroads would be given {
/ fair chance, but the market Is in N
4 mood to discount such expectation
4 and at present is inclined to wait 10
i actual developments.
oil HENRY CLEWS