Bisbee daily review., 1911-03-23

ufactures, especially iron and steel. are steadily expanding.
 Still further evidence that the needed economic readjusmept is progressing will be found in obser- yation of the tendency in commod- isy prices. The latter show a persist ent dropping tendency. Bradstreet's index number has declined over 12 per cent during the last fifteen months. while index figures abroad are rising. showing that the foreign markets and our own are approach ing a more common level For months prices m fhis country were much above the foreign level hence our heavy imports and light exports This readjustment is com ing about naturally through Iiquida ton and lower prices here, accom- panied by some advances in Europe The heaviest declines in the United States have been m breadstuffs and provisions. thus afJording some re- lief in the high cost of living There has been also considerable de cline in She prices of iron and steel Some commodities, however, are still held at the higher level b. artificial inhuences copper being q notable example. Suffice it 70 say the commercial situ3tion will not be satisfactory until liquidation has done it's work as thoroughly in commodities as it has in securities.
 Technically th2 stock market is in strong position Weak spots nave been eliminated, and ali uniavorabie contingencies appear 10 have been thoroughly discounted Tariff asita- ton will be re-opened wi.h the beginning Of the extra session in April. but nc serious changes need be expected, if for no other reason than that the Government cannot afford any cur.ailment of income from customs Barring temporary Uncertainty no serious disturbance need be anticipated from actual tar in legislation The Supreme Cour- ' oil and IobacNo decisions, about which there has been so much hes itancy. now seem likely to te de. .crred undl a hate date Tine court | includes swo new members, not as ! familiar with the arguments of both sides a. he older members of the court It is to be supposed that .he new judges will require ample time to read and digest the enOr- nous amount of testimony in these cases be>)re reaching decision. iibis means the consumption of much more time than at first anticipates Less anxiety is aow felt over the I alexican situation; the vigorous dis play of force by he United States and the stimulus 1t afforded to the Nexlcan Government having the re suit of enectually diseouraging the insurrectionists movement. A good many prominent operators are now returning from their winter vaca lions. invigorated and more dis posed to -ake sangaine views of the l future TEe approach of spring irightly or wrongly, is also usually considered stimulating factor mainly for the reason that it per mits the resumption of activities prevented by winter.
 i General business is quiet and still ! presents Unsatisfactory features Liquidation and rest however. arc producing Eenefieent results; and la ter on We ought to see a fair re sumption of activity. at least wherc declines to the lower level hay, made new enterprise safer and more profitable The railrcad situation ha. it's perplexi.ies. retrenehment ana efficiency being the watchwordl among managers. In all probability the railroads have experienced tn,
 worst effects of recent adversities
 h. brief. the outlook is favorabIl tO the purchase Of good securities . which in spite of occasional reac lions. are likely 10 establish them selves upon a higher level
 HENRY CLEWS.