Bisbee daily review., 1910-10-12
HENRY CLEWS LETTER.


 condition previously referred to in
 these advices has already resulted in a fair recovery of values With in the past two weeks many serious doubts disappeared or moderated; the
 market showing consequent relief. Among these doubts were the crops. the political outlook. and the none tstry problem. In all three of these reports the outlook Is distinctly bet ter than a month hgo. Corn is now practically ut of danger from frost, and a 5000. .ooo. 900 ooobushel crop is doubtlessly assured. At 50 cents per hushel this means the creation of $1,- 500 .00O, GOO of new wealth. Corn is by all means our most important crop. inasmuoh as it enters so large ly into the providing of food for naan and beast, and is an element of grow Ing importance in the industrial world. It also provides an immense quantity of freight for the railroads, both in it's crude form and in the shape of meat and other products. Our cotton crop has thus far escap- ed any damage from frost, and pro
 ducers will be fully compensated by
 good prices for aAi shortage in sup ply. The South at least should en-
 joy uninterrupted prosperity.
 Another satisfactory development is the change in attitude of many of cur great corporations. They are be- ginning to recognize that their great power and responsibilities must be i used with due ragrd to public vel fare and that any organization con ducted in defiance to the latter and established law must eventually pay the penalty. The anxiety of many of cur cor1sorations to be considered lawful fn noteworthy and satisfac- tory. and the disposition to conciliate public opinion in various ways IS most wholesome and encouraging symptom. The effect will be to at least moderate public hostility and to diminish the reason for and conse- uently the danger of radical legasla- ton. These are forces which work quietly hnd are not readily seen, but
 the changes referred to have actual
 ly occurred and will in due time work out beneficial results. In other words. the political and economic ten
 cencies of the day are towards am
 alteration of abuses which ahye ex- asperated the public, and there is
 consequently much less dnnger of in- furious legislation in corporations
 thhn was the case a year ago. It
 is not intended Yo convey the i'm
 pression that our troubles are at an end, or that the course is clear Nothing more can be claimed than a change in sentiment among our captains of industry who are at last lowing to public opinion. This is
 the end will be helpful in all di- rections.
 In the money situation there is no longee any dhnger Of the squeeze
 anticipated this fall. The last bank statement showed the banking sit
 uation at the leading centres to be sounder and much better than anti cipated. General trade is quiet, be-
 ing less in volume thon a year ago
 and no great strain is likely to fall
 upon the money market so long as speculation is kept within reasonable ttSnda At present there are no
 prospects of any violent outbreak in ; the latter direction. Capital is still scarce and somewhat timid- Invest
 ment conditions are good and the
 stock market is benefiting from the period of rest and readjustment which
 is taking place in other departments of our business machinery.
 HENRY CLEWS.