The Cairo bulletin., 1910-02-21
Stocks, Bonds, Cereals


slMiSM WHICH HAD EXISTED FoR
ORE HOPEFUL AND CONFIDENT
UBLiclTY AND OTaER REFORMS
MENT OF THE GREAT CORPORA.
THE PRESENT MONETARY OUT
r FOREIGN TRADE CONTINUES ON
Glory BASIS
---
activity. The winter has been some.
4 what severe, naturally interfering with
many lines of business. Two other
factors which have induced consery.
atism have been the high prices of
merchandise and fears of labor trou
bles. Retailers are showing natural
disposition not to stock up with high
priced goods and are conducting their
operations on a hand-to-mouth policy.
With the prospects of demands for
higher wages contractors and others
are indisnosed to enter future engage.
ments. These are problems, however,
which Should settle themselves in
time. In some cases labor has been
satisfied with moderate advances, thus
avoiding the possibilities OF serious
friction The question Of high mer.
chandme prices, however, is still a
yeXed one. In January there was a
/ moderate recession in merchandise
values, "Bradstreets figures showing
drop OF IL per cent, due partly 10
the popular agitation against high
! costs of food and partly TO the break
in cotton. The true remedy for ores,
ent high prices is q general increase
of prodr ction, especially Of food
products and raw materials, Of which
the supplies generally are moderate,
III not actually deficient This country
is pre-emnently in -sced of great in
crease in agricultural products. OHr
farmers do not beein to turn out the
product rer acre thnt is done IN EN-
rope. In many cases their products
could he doubled u-on the meseat
iarea by better and more scientific syf.
items of agriculture, This is The cnY
solution for the prCcsnt prohlen ~
cheaper food. In all probability il
viii solve itself /" natural means,
The great profits which farmers are
now making win immensely stimulate
agricultural activity. DOUBTLESS II will
attract to the agricultural classes a
higher osder Of intelligence and result
In the one necessary thing OF ineaeas,
Ing the product per acre. By this
methcd The farmer Wa not only mair
tam his present PROFITS, but will at
the same time considerably enlarge
them; meanwhile giving the consumer
the benefit Of q aroer and cheaper
supply Of food. Should the weather
prove favorable during the coming
season there is every reason to look
for a large harvest: the one thing
above everything else which the coun.
try needs to maintain the present
course OF prosperity
ForeiHn Trade.
Our foreign tfafe continues upon
an exceedingly unsatisfactory basis,
The imports in January were SisS..
100000, the largest for the month on
record. The exports for the same
period were only ji44G00.G00, the
!smallest since 1905. The result was
an excess of exports Of only $4,000
900 in January compared with S53.-
000,000 a year ago and Sl21 ,G0o, 900 in
1908. This is a very disappointing re-
|sult il means that w are piling IN
Indebtedness abroad which can only
be discharged either by shipping gold
Tor securities. unless Europe win con.
lsent to carrying the Indebtedness un.
It'll q more convenient time Oh settle.
Iment. We can OF course, easily spare
more gold, but it should be noted that
the outward movemert OF the precious
metal has been going on for many
months without any intermission or
1.-THE ustnl influx which IS expected in
the winter season, The prospect OF
Europe taking our securities has been
improved by the recent decline in
values IS we'' rs BY the better tnan-
cial situation abroad, hence foreign
buying of onr better grade Of stocks
has recently been quite. important.
We have also plenty of desirable
bonds TO offer European buyers which
have not yet been openly placed on
| the mr cit. In the absence or any
disturbing issres and with the an.
nloach Of spring and summer we an
ticipate gradual rise in security
values, accompanied, of course, by
frequent recessions The undertone.
however, Is good; the situation is
sound and there is nothing in sight to
prevent a gradual upward trend.
HENRY CIEWS.
try, and while they have shed consid.