The Cairo bulletin., 1910-04-04

trary, there is every prospect for an
other season of good bu inc s, pro
viled we have good crops. If there is
| one thing more than another which
the country requires, ii is much
| larger product of all agricultural ne
cessities. Thi. would insure contin
ues prosperity to the farmer, and af
ford a much needed relief to the
masses by lowering the cost of living
and bringing it nearer to the level
which prevails abroad. 1t j., of course
vet too early to form any opinion re-
gardng the crops, most OF the re-
ports of damage to early wheat and
cotton have proved to be exaggar-
ated. 1t is quite certain, however,
| that there will be larger acreage Of
cotton, wheat and corn. The outlook
for meats however. is not so favor
able since it takes more thaa a
single year to raise a larger crop of
beef. mutton or pork. SO high prices
| for meats may be expected for some
| time to come, unless some relief
could be obtained by abolishing the
duties on cattle and satisfying a por-
| ton of our needs through importa'
| tions. The iron trade, which is still
our chief industry, is in good condi.
ton. There activity prevails and
prices are not unreasonably high.
Moreover, many orders are held back,
nartly because of the difficulty which
the railroad are having in adequate
| " financing their requirements, ard
partly because some buyers are hol
| ing off in the hope of obtaining 90
cessions. SO far as this branch Of u
dustry i. concerned, there is every
, prospect of continued activity for
moths to come, especially as soon as
easier money enables railroads to bry
more freely The textile trades are
differing somewhat from high prices,
which has checked consumption and
made buyers timid. cal sing more or
Hess difficulty In the reimbursement be.
eween high price for raw material
and selling prices for the finished pro-
duet. There has been considerable
curtailment amongst both cotton and
wooden mills. the effects Of which
will eventually serve to steady the g
| markets. The dry goods trade, more
over anticipates some Improvement
resulting from the advances in wages
which have occurred in many indus.
tries anil which will increase the pur-
chasing power of labor
Depression Can Not Last.
| As to The future the present period
of depression cannot last Prices re-
coded owing to the temporary condl-
lions of the money market, the con
gestion in bonds and the di turbed
! political situation but these cord :
/, lions have been amply discounted,
underlying conditions continue sound,
4 and when 1t is shown that the earn
ling powers of our great railroad sus-
TENS and Industries are not impaired
: confidence viii return, and the secur-
4 tiles of well establi; he'd properties
will be once more in demand and
!, must recover from the present re-
action. Srch a recovery cannot be
; very far distant, and should come as
soon as easier money l. in prospect
\ The fact that April first, usually a
= period of special disturbance in the
money market. has been passed with
scarcely a ripple Is OF itself assuring
!, and If Europe needs gold the situa
ton will be helped by sending II
! where it is me required.
: The reforms adopted by the Stock
:, Exchange will be welcomed by those
who stand for the best interest Of
Il its members, and the Governing
t Committee are entitled to generous
{ acknowledgment for the progress
: sive and the courageous stand which
J they have taken. The reforms intro
, lduCed are in line with those recon
l mended by the Hughes Committee
, and vii. remove the basis Of public
; criticism. The results will no doub
3 be beneficial to the Exchange and tt
Wall Street in general. inasmuch a!
they will tend to impart confidence II
\ the integrity of dealings there Mucl
Y business has undoubtedly been driver
: elsewhere by he tile opinion, and it
: removal will stimulate Legitimate
!. transaction HENRY CLEWS.