Pine Bluff daily graphic., 1910-07-19
EHT PROSPECTS, A IN BUSINESS WORLD
Y Financial Review of New
 York Banking House.


 York, July 16.-We are now s ling whats1s usually the dull sea- ss the stock market, owing to the ion period, and a disposition to
 more definite prospects con-
 ng the growing crops. The situ- 13a2H of the latter is more favorable 12E has been generally represented
 fn weather and beneficial rains
 the past week have materially l122 2fitted both wheat and corn. The
 kage in spring wheat, estimated
 bout 90,OOO,O0O bushels, was of 11 se an unpleasant factor. Thanks be larger acreage of winter wheat |Sf;1 generally fair condition this loss 8asia3 be partly recovered. Something ' Hastily more importance is the a6 a6 pect for corn, which is very en- |7i|i|$ "a ging, the outlook being for a d-breaking crop of 3,200,0O0,000 i1'E9 hels or over. Since the money a12 of the corn crop is between two N2hree times that of wheat, the im- I Nance of big yield of corn can a11ly be understood. Last year our |I7T an crop of 2,272,000,000 bushels was Ii3I2 led at $1,653 100000. Our wheat 2Sr6 of 100000 bushels was valu-
 at $73O,00O,000, while our cotton sfs1b of a little more than 10,O00,O0O kS1es was valued at $S50,000, 900; an l,I iI1Ibd il,I1I3IbsdSsually high figure. It will thus bSs keen that corn is worth more than fhX other two crops combined, and kvise as much as either one of them. k&ig corn crop therefore, such as Is HIT promised affords a most import i1 basis of encouragement. It should lpen meat products, and give the
 roads a large freight traffic. But
 crop has still several weeks to and is always exposed to danger fun early frost. Moreover, August lnausually month of deterioration GS@ the majority of crops. So that W1Sile damage reports have been ex- 1 i1Gi Ierated, there is no reason for in' f&Aging in any undue optimism. Some will be felt at our I33lure to raise other large crops, be- Inse the country really needs a big 1rplus, not only to facilitate lower 2&Ices at home, but also to afford | desired stimulus to exports. Dur
 the coming year we may ship nparat;vely little wheat to Eu- Re, but liberal insreace can be kicipated in exports of cotton. The eat crop outlook has improved, due &recent rains. Our crop yields are pretty sure to reach in value be- :. zen $S,0OO, ,000,O00O and 9,000,OOO,-
 If so, continued prosperity for
 coming year will be assured and the event of no foreign complica- hs the country will be safe and
 good dividend paying stocks will ance from the present low level he money situation is really bet
 than at one time anticipated, all ugh we are approaching a period en firmer rates must be expected ng to crop requirements. The poi
 of retrenchment adopted by many the banks, especially in the inter
 is having a beneficial effect. Re It's of national banks for the last lrter show that many of these ln- utions have been able to strength their reserves compared with the kious report of March 29. The lnl- bvement in bank reserves, how
 T., has been chiefly in the East anu ktral West. Many of the Southern
 Southwestern institutions stIll Wv decline in reserve strength. m se sections no doubt further liqui- A will be in order, but the pres- imposed by interior bankers, un'' come as it may have been, Wilt Eitably result in strengthening tie dit situation. There is still more
 less apprehension of a money
 eeze in certain sections of the in
 or, though the increased working FetHf money arising from lower cey and dVtlrade will undou15-
 tend to mitigate my undue strta-
 Icy. The New York banks are now a better position to afford assist
 e to the interior, and our abilii.H
 secure further assistance from
 oad is also unquestionable. God ports have commenced earlier than lected, and the prospects are foc
 siderable influx of the precious
 al during the coming autumn
 pey abroad is easy, and with t1e
 lining tendency of America 'm-
 and the practically assured re-
 A