The Cairo bulletin. (Cairo, Ill.) 1???-1928, 1910-04-18

the reaction ia prices just referred
to, but also by advances in wage
The moderate advances made by tbs
railroads and many large corpora
tions will materially aid the purchas
ing power of those classes, and thus
act as further stimulus upon blu
mess.
In the west conditions are gener
|ally satisfactory There has beer
some uneasiness over excessive spec
ulation in land and irrigation
schemes; but this movement does nct
yet appear to have gone to any dan
|gerous excess, and our western bank
'ers are confident Of another sea al
'of prosperity, provided they have full
crops. Railroad managers are equal
ly hopeful, and are preparing for a
heavy traffic during the coming sum
merandl autumn some officials ar.
\ ticipating that their facilities will
be taxed to the utmost.
'hS HtOHVJ wa NGt.
In the money market the OUTLOOK is
improving. From now on funds
should return from the Interior w,s
increasing freedom and al sist in re.
storing depleted bank reserves EN-.
ropean demands for gold need cause
no uneasiness. Thus far only about
$1l000,0e0 have been shipped, though
1t is anticipated that the efflux may
run up to $25,000,00o. Considorine
that this country produce between
S9o,oo0,000 and $l00,cO0,o00 Of gold
every year, and already has an am
ply supply of the precious metal anv
demand which Europe is likely 10
make will not prove a serious mat,
ter. On the contrary, a modtrata out.
flow will be beneficial, inasmuch as
it will strengthen weak points e,ss.
where, preventing reactions there
which could only be reflected iniur:.
ously here. LONDON i, now increas-
ing it's stock of eol from other
sources Us well as on New YORK. and
as the crisis incidental to relieving
the British government from, ITS
budget difficulties has been ma sed
without any of the disturbances so
much feared, the outlook in that 70.
spect is now one Of create: certainty.
1t has been feared that the Bank of
England rate would be q vancot this
week, and predictions are still made
that it will be raj 9 / in Nav: but The
monetary situation in London is eyi-
IDENTIFY much less threatening than
two or 'nree weeks ago: the Bank Of
England reserNa having risen to "A
per ctnt compared with less than 40
: week ago. Efforts to restrain tho
r bier ~ vi, mants II f. ndon
have met with some success; but
these operations are still Il weak
point that needs watching The spec
ulativesraze in London which has
spreadto the Continent can lie ap-
preciated with it is understood that
rubber can be produced in Ceylon at
about 2 shilling per pounl ard is
selling in London at over twelve
while many Of the compan-
les are paving 20 to 20 per cent di-
vidends and oven higher. For some
time there have been approximations
of . crash in this section Of the for.
eigu market.
Mere Activity Expected.
The outlook for the local market i.
for much wider activity. Several Of
the most serious draw backs referred
to above have betn removed. and the
market will now have an opportunity
to respond to natural influences. A
very considerable drop in prices ha
occurred. many shares being Is to
25 points below the high prices Of
this year Considering the situation
in the supreme court cases; the
favorable outlook for crops; the de.
cining commodity markets; the i'm
proving conditions in money, and the
return Of many operators inyigorated
by their winter vacations, the situa-
tion, il must be acknowledged. Ia
vors more active and much broader
HENRY ri LNTg