The Cairo bulletin., 1910-05-02

4
! Washington towards railroads and
other corporations is also much dis
liked in financial circles, owing large
/ ly to the uncertainty which it pro
duces Republican party orables a.
so have an unsettling influence.
Business is Spotty.
uatiop, that Is undoubtedly spotty
| Reactionary tendencies arc observa
!, Bile in many directio4s. and the tread
of nearly all commodity price is
downwards. Consumption has been
checked by high prices, and here ard
there arc signs Of overproiucton;
notably in tbs iron trade where an or
ganized restriction Of pig iron is in
prospect. There is also more or less
continued curtai!ment in the cotton
goods industry, due to high prices
and complications arising from the
fluctuations in cotton The reaction
in business, however, Is one whiah
should ere long, prove beneficial, be
inc more in the nature of general
readiustment to lower price leTel,
which when the limit has been reach
ed, will prove stimulating and whole
assome. There is no doubt that NJ
soon as buyers are convinced that
bedrock Is reached a fresh rush Of
orders will be received.
Attention is being closely riveted
upon the crop outlook Wheat pros
poets are for full crop at good
prices. The cora crop, however, is in
many respect a more desirable crop
than wheat. and the outlook is for q
very largo acreage Of this gram. In
cotton the reports Of !amage Rave
been much exaggerated. Probably
not moro than a third OF the crop has
been planted, and the damage WIS
confined to comparatively snail lot
entities It is not too late for re.
planting, and there is consequently
ample timc for recorping al the loss.
es thus fat suffered A large cot
ton acreage Is practically certain,
Cor iderablo damage to the fruit
crops has occurred in certain sections
of the west, but horc too tie injury
was greatly exaggerated and other
sections Of the country are known TO
possess very favorable promise. Fe.
garding The crop situation as a whole
there is yet no occas ion for uneasi-
ness. TIE crop-Eillers, however have
hal a good Inning anl undool tadl,
made the niost of their opportunities,
Reaction Desirable.
The above briefly cites all the
known unfavorable features of conse-
quence. Il is true they are reaction
ary: but the reaction should be re-
garded as a natural and desirable cor
rection OF an abnormal position. The
country has been travelling too fa (.
Our markets were out Of gear. A
period Of readjustment was absolute.
ly necessary to restore prices and
supplies TO the normal. This process
of readtustment is now being pas cd
through There is nothing in the sit-
uation TO warrant any unusual un-
easiness. On the contrary, the gen.
eral situation IS sound undern 4atb,
and the settling Of our affairs upon
a lower and safer basis, and the cl,m,
ination of weak pots will in the On
be beneficial, furnishing the basis for
a fresh forward asd more substantial
movement than would he otherwise
possible. 1t may he that the react on
will progress; but the further ii goes,
within reason, the better will be the
chances for sound recovery later
on.
There is no cause for taking a diJ
couragiug view of the future; and if
the country is favored as still seems
probable with ample crops, the year
1910 will prove a more satisfactory
period than seems probable from
present immediate outlook. New York
It must 10 remembered, is always apt
to be more pes imistic than any other
city in the country, and the further
one goes from this city the brighter
the outlook becomes.
HENRY CLEWS.