Bisbee daily review., 1910-09-29
.* MINING, MARKETS, FINANCIAL .s
Henry Clews Letter

New k.-Notwithstanding some degree Of irregularity late in the week. recent developments in the market for Stock Exchange securi- ties contain distinct suggestion of a brighter outlook Were it not for the acute strain in the political situ- ation the financial position as a whole could be considered highly satisfactory. It is fundamental that
 the prosperity of our great country
 is predice.ed upon the new wealth
 produced each year by our farms.
 Notwithstanding the unfayorable
 weather conitions early in the sum-
 mer. the culmination Of the growing
 season has been so high " favorable
 that taking our great crops collec- tiyely. the harvests of 1910 will come
 very close to establishing new high
 water mark. if they do not in fact
 do so. Every day that frost is de
 layed 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 tremendous area of our great
 corp belt In other words. whatever
 damage may now be encountered
 win undoubtedly be locai and com
 paratively slight: and it is not at
 this time. counting our chickens be
 fore they are matched, to view brief
 Iy the benefits that may be ex-
 pecied of corn harvest that for
 the first time in the history of our
 country exceeds the three billion
 bushel mark. Corn today is selling
 in Chicago at more than 90 cents
 per bushel on which basis the value
 or the crop in dollars and cents is
 very close to $i.5o0. 0.oeou0o-an a'most
 unthinkable sum exceeding the value
 or our wheat and cotton crops com.
 bined This will give the West. par
 ticularly d renewal of purchasing
 power, affecting not only it's ability
 to take freely the products of our
 factories but will at the same time
 mean large traffic for the rail-
 roads and extend to ramifications far
 too numerous to attempt to mention
 in detail Corn today enters so
 large 7 into food for man and beast
 that the importance of a tremendous
 production can scarcely be over estimated. Its uses for human con sumption are so rapidly multiplying that the transportation of prepared food products is each year gaining rapidly in in.ortance as an item of railroad transportation. Corn, too. enters into the transportation prob lem in many indirect ways. As the real basis of cattle and provisions it becomes particularly large item of transportation to say nothing of corn itself. which is one of the most bulky of rsilroad commodities.
 4 satisfactory corn harvest at prof itable rrices. backed adequately by other favorable agricultural develop ments. provides an antidote that must l prove highly effective in counteract- ing developments of a less favorable character of which there has re- gently been such an unusually large array To this must be added as a | favorable feature the of Judge Otis, os 1 St. Paul. who acting as Master m | Chancery for the United States Cir l cult Court of Appeals rules that State | legislatures cannot infringe upon in- ! terstate traffic rates; also that low rates that railroads were forced by State Commission of Minnesota to charge in that commonwealth were and the law under whose provisions the order was given 1 The recommends