The Cairo bulletin. (Cairo, Ill.) 1???-1928, 1910-06-27

cUGcldl.
New York, Jun 25.--The improving
tendencies in last weeks advices
have been confirmed by moderate
recovery in values which has taken
place since then. Recent develop
ments have certainly been OF more
encouraging nature, and while the
situation is not without its perpleXi-
tiles, still favorable factors prevail for
1.-THE time being. Chief among these
lis the crop outlook. Some attempt to
create alarm was made by the pro-
fessional crop-kilers, who caused a
temporary furry in both stock and
wheat by the circulation or exaggerat-
led damage reports; but the latter met
with prompt denial by more reliable
authorities, and exerted only pass
ing influence. 1t should be remem.
bered that this is the season when
the crop-killer exercises hc most
peTnicious activities, and all sensa-
tons of this character should be
guardedly accepted. There is little
excuse for being carried away by
now publishes very elaborate weather
reports in the daily newspapers, and
the study OF these would prove an i'm
portant check upon this insidbus foe
OF the farmer and bushes man alike.
AS a mater of fact the crop outlook
for the country at large is quite salts
factory and with the advent OF higher
temperatures is improving daily.
Some damage has been done to spring
wheat, which early rainsa nd in
creased acreage will probably offset;
but the outlook is for a big corn crop,
also for a large product of hay. In
dications likewise favor full cotton
crop. All of our best crop authori-
ties now consider agricultural condi-
tons much more encouraging than
two weeks ago .s.,,
Money.Conditions Good
Monetary conditions are exception
Tally favorable both here and abroad.
AS many stocks are paging G per
cent at present prices and bonds 5
per cent it follows that money is bet.
ter invested in these than in time or
call loans The conditions of the To-
cal banks is being steadily strength
ened by increasing reserves. and n
contraction in loans. The monetary
situation abroad is also specially
favorable, as funds are occumulating
and interest rates declining, At the
west there has been an improvement
| in the banking situation. Leading
bankers there have been. pursuing a
Ipolicy of retrenchment and while the
situation in that district has not yet
| entirely cleared up, there is greater
| confidence than month ago. July
disbursements were estimated at over
| 5000, 000,0 600, or more than$1S,000, 000
| In excess of a year ago This, too,
was q factor of some importanc in
| the investment market. Very shortly
congress will adjourn, relieving both
| business men and financiers of good
deal OF anxiety. President Taft Is
closing the second congressional SEES
| sion of his term with much greater
credit than at one time expected. In
adyertently the president some time
ago referred to the new tariff as "tht
| best ever" an opinion not shared by
many of his friends. What he nc
doubt really meant was that the new
| tariff was the best that could be Sc
| cured at that time The temporary
and limited loss of, popularity pro
duced by this misconeeption has al
ready been more than recovered by
the presidents recent legislative sue
eesses. The passage of>the tariff bill
the railroad bill and the postal say
ings bill, not to speak of minor meas
| ures, can all be traced to Mr.. TAFT;
ability, tact and perseverance, and
have added Immensely to. his politica
| strength. assSs
Our Foreign Trade.
One of the best elements Of thessit
uabion is the changed tendency irf opl
foreign trade. The country ii grad
ually getting down to an export basis
permitting more normal information
lal commerce than has been expert