The Cairo bulletin. (Cairo, Ill.) 1???-1928, 1910-10-17
SUICIDAL.

SUICIDAL.
New York, October Is, 1910, Activ-
ity on the Stoke Exchange increased
in spite Of intervention Of the holt
days, and the undertone of the mar
ket was strong, the tendency of prices
being steadily upwards. The infu-
ence contributing towards reviying
confidence was the October crop re-
port. This removed al doubt concern
ing the corn crop; the Government re-
expectations of 3,000,000,000 bushel
crop. Corn Is king! not ONLY b.
cause of its great money value, but
because Of the numerous directions in
which 1t is used both for domestic and
industrial purposes. In money val
ue it exceeds both wheat and cotton
combined. The wheat yield, though
not what was desired, has exceeded
early expectations, and all large crop
OF oats has also been garnered The
yield OF cotton has been disappointing
but, so far as the South is concerned,
This will be fully compensated for by
enhanced prices. All doubts concern
/ ing the crops are now out Of the way
except cotton, which will be subject
to danger from early frost for at least
another two weeks. Since the har-
vest is the most important element
in our national prosperity, it Is n
source of satisfaction that this factor
of uncertainty is now permanently
eliminated.
Political Outlook
I The political outlook, another we'll
worn element of doubt, is steadily i'm
proving Radiealism is being re-
buked in all direcions issues have
now been clearly defined, and seem
to depend very largely upon personal
lily. The comparative lack of inter-
est in election isues is shown by the
failing off in registration In all parts
Gus years Is taken for granted that
Republicans will have to face consid-
cradle losses at the polls next Noyem-
Der, and there Is some probability
that the next Congress may become
Democratic. This fact, however, APP
pears to cause little real uneasiness,
and the elections are certainly much
less threatening element than two or
three months ago. 1t is also a notice.
able fact that. public opinion is becom-
ing less hostile to corporations; this
being due partly to public recognition
of the fact that corporations are here
to stay, and partly to the fact that
managers of the latter recognize that
they must submit to some form OF
| regulation, obey the law and show a
decent regard for public opinion. The
change in the latter respect manifest
ed in various quarters is highly en-.
couraging as tending to disarm much
of public criticism. No one now Sc.
riously fears the forthcoming Su,
preme Court decisions on the oil, to.
bacco, and other cases. The Court
may force reorganization, but Is not
going to destroy property values The
| decisions when issued will probably
have no further injurious effect than
| the famous Northern Securities case.
| No harm but good followed that de
| cision- The prospects of the rail
roads securing reasonable treatment
from the Interstate Commerce Com,
mission are daily increasing. SO that
| question is also nearing solution. In
this connection, President McCrea's
| address on behalf of the Pennsylva
mia before the Interstate Commerce
| Commission was striking feature
| His argument for better rates was
temperate, strong, and based upon
well-known facts. 1t will no doubt
have much weight with the Commits
sion and do much towards securing
reasonable treatment for the rail
! roads. .'r-,.-f"~ R4
| Money Situation Better.
The money situation IS much bet
ter than expected; the stringepei
anticipated this fall having thus fay
mot materializet The sujpluis re-
serve OF New York banks is now
down to a rather VOW level, but regu
lar trade demands are less than usu
AL and bankers are persstently dis
couraging under speculation. 1t i:
lquite possible that firm spells may be
| experienced between now and the
first of January, but no crisis is an
ticipated. Perhaps the worst featur,
IN the situation is the excess OF loan,
over deposits observed In recent bauJ
statements in various parts of tn,
country. This Is a significant devel
Iopment and will bear watching. Mon
ey Is firm In Europe, which will tend
TO discourage gold exports to this
country. Our foreign rade, however
|