The Cairo bulletin., 1910-04-11

inoderaIe increase In their rates
Henceforth the agitation regarding
the high cost of living ought to abate
somewhat. Wages are rising. and
! the prospects OF large crops will tend
to lower the prices of foodstufrs
meats excepted because supply can
not be quite. so promptly expanded
Here. too, however in due season we
may anticipate downward reaction
Little by little the adjustment is
being made to the higher level; and
as this process becomes more com
plete, the opportunities for resumD
tion OF trade activity multiply. The
cotton goods industry is still i'm
Ipaired by difficulty of distributing
goods at present high prices, but pro
duction is being considerably cur
tailed and cotton has shown some
Isigns of weakness, which should ia.
cilitate readjustment. Good pros
poets are prevalent in the iron trace;
| the large issues of new securities
meaning that the railroads will ere
long become heavy purchasers OF
constructive materials Already
heavy orders have been placed for
locomotives, cars and rails and these
orders will be supplemented by others
as soon as financial conditions show
further improvement.
Easy Money Market Aid.
Easier rates for money which are
approaching should improve the mar
ket for bonds and relieve the pro.
| nounced congestion which now ex-
lists in this department. or stocks the
| demand has lately improved, and in
dications point to increasing activity
las spring progresses. Securities are
| still, under control of strong hands,
and many of our leading issues are
selling at Is to 20 points under the
| high prices OF 1909. There is no rea.
| son to doubt that a fair recovery must
ensue now that the various unfayor,
able features have either disappeared
or been amply discounted. The su.
preme court decisions, an element OF
doubt for some months past, will
probably be definitely deferred until
the autumn, and in any event would
have little effect upon the market be.
cause unfavorable possibilities have
already been well discounted.
Uneasness Over Tariff.
| Some uneasiness exists regarding
the tariff, but this is premature.
President Taft with his usual tact has
successfully avoided international
difficulties with the new tariff, which
with its maximum clause as club
to other nations, threatened serious
complications. Mr.. Taft with great
patience and consideration has avoid
ed this rock of dissension ond done
much towards preserving internatiol-
al comfy and domestic tranquility
Friendly relations have been restored
with Canada, and if all reports are
true the negotiations are likely to
end in a still closer and more profit
able commercial intercourse with oul
northern neighbor. There is no rea'
son why commerce in that part )i
THE world should be obliged to travel
east and west, when equal and addi
tional profits can be found in allow.
ing it to develop north and south
Mr. Taft has not had the support in
lreforms from his own party to which
he was entitled, Some of the old
time leaders antagonized him; hence
the disappointment, which should
disappear as the president regains
leadership.
The crop prospects should soon in
vite increased activity on the stock
market and influence values with ar
upward trend Reactions however
must be expected, especially while
the speculative situation in London
|remains so uncertain. A break there
would to some extent certainly be re-
flected here.
| HENRY CLEWS.