The Cairo bulletin., 1910-09-26
Special.
New York. Sept. "a, 1910.

Special.
New York, Sept. "a, 1910.
Notwithstanding some degree OF r.
regularity late in the week, recent de
velopments in the market for STOCK
Exchange securities contain distinct
suggestion of brighter outlook. Were
it not for the acute strain In the po'
litical situation, the financial position
as a whole could be considered high
ly satisfactory. 1t is fundamental
that the prosperity of our great coun'
try is predicated upon tho new wealth
produced each year by our farms
Notwithstanding the unfavorable
weat,4 er conditions early in the sum-
n.er, the elimination Of the growing
season has been so highly favorable
that, taking our great crops collective
ly, the harvests of 1910 will come
very close to establishing a new high
water mark, II they do not in fact do
so. Every dap that frost is delayed
brings the king Of our crops-Corn--
nearer the three billion bushel mark;
and the danger point so far as frost
Is concerned has already been passed
in by far the major part of the tre-
mendous area OF our great corn belt.
In other words, whatever damage
may now be encountered will undoubt-
edly be local and comparatively
otf to- a
counting our chickens before they
are Matched, to view briefly the bene-
fits that may be expected OF corn
harvest that for the first time in the
history of our country exceeds the
three billion bushel mark. Corn to-
day is selling in Chicago at more
than so cents per bushel, on which
basis the value Of the crop In dol
lars and cents is very close to 1900
900 0O0--an almost unthinkable sum,
exceeding the value Of our wheat
and cotton crops combined. This will
give the West, particularly, a renew
al of purchasing power, affecting not
only it's ability to take freely the pro-
ducts of our factories, but will at
the same time mean large traffic
for the railroads and extend to rami'
ffcations too numerous to attempt to
mention in detail. Corn today enters
SO largely into food for man and
beast that the Importance of a tire
men,lous production can scarcely DC
overestimated. Its uses for human
consumption are so rapidly multi
plying that the transportation OF pre-
pared food products 10 each yeal
gaining rapidly in Importance as ai
item OF railroad transportation. Corn
too, enters into the transportation
problem in many direct ways. AS the
real basis of cattle and provisions
1t becomes a particularly large item
of transportation, to say nothing O.
corn itself, which is one of the mos
bulky of railroad commodities.
Minnesota Rate Decision.
A satisfactory corn harvest at pro
fitable prices backed adequately b!
other favorable agricultural develop
ments, provides an antidote that mus
prove highly effective in counteract
ing developments OF less favorable
character, of which there has recent
ly been such an unusually large ar
ray. To this must be added as
fundamentally favorable feature TIN
recommendations OF Judge Otis, o
at. Paul, who, acting as Master II
Chancery for the United States CIR
cult Court of Appeals, rules that STATE
| legislation cannot infringe upon In
terstate traffic rates; also that low
rates that railroads were forced .!
| the State Commission OF Minnesot;
to charge in that commonwealt
| were confscatory and the law unde
whose provisions the order was Civ
| en- unconstitutional The recommef
| iations OF Judge Otis must yet re
| ceiye the endorsement of the court
| but they are based 50 palpably o.
| common sense, which is the rea
foundation of common law, and Judg
| Otis is a jurist OF such high distint
ton, that 1t is much more than rar
dom guests to predict that the conr
will recognize the sound wisdom q
the ruling The far-reaching effect G
Federal Court ruling on these line
can hardly be appreciated at mrs
glance. Our railroads have durln
the last few years borne the brur
> of active antagonism by national an
| State governments, not to mentio
municipal and even mailer subi
visions of governmental activitie
Estate legislatures have in many II
stances decided they had the rigi
to fix the rate OF remuneration TIM
i railroads should receive for transpo