Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-07-23
WORK AHEAD OF RAILROADS
Must Hustle for Cars to Move Grain
and Cotton.
BANKS HAVE CASH READY
There Will Be No Scarcity Of Money
During Crop-Moving Period.
Business Picking Up.
By w. G. Nicholas.
ecial Correspondents Of The Star.

Special Correspondents Of The Star.
NEW YORK. July q, 1911.
Hurrah! Hurrah! The rains have fallen.
the drought is broken and the crops are
saved. The question with railroads Is
not whether they will have enough grain
and cotton and other stuff to keep them
busy, but whether they will have cars
enough to take care OF the traffic that
they viii be called upon to handle. This
fact has been impressed upon Wall
street, and finos reflection in hardening
prices for securities.
The outlook for the crop as an entirety
may now be regarded as eminently favor
able For all the hullabaloo corn was
never In serious danger. 1t Is strictly
hot weather CROP and everybody knows
1t excepting some of the farmers on the
stock exchange and the experts whose
continued employment depends upon their
ability to throw scares into the gambling
fraternity, that likes to speculate on mar
gins. Spring wheat Is the hardest OF the
be found somewhat spotted at harvest
time the total yield will be satisfactory.
The season Is two or three weeks ahead,
and although the crop will not be entirely
out Of danger before the middle OF An
gust. it Is now sufficiently far advanced
to give farmers and railroad managers
Of the northwest feeling Of greatest
confidence in the outcome Frosts in the
spring wheat country before September
are as rare as hens teeth. 1t would ap-
pear that there is very slight danger OF
impairment even to the minor crops. and
that the great mass OF farm produces
will be able to give more than a fair
average accounting when the time for
marketing them arrives Advices that
reach New York from the south fore
shadow an enormous cotton crop and
big yield Of everything else that grows
in southern soil 1t is going to be big
cent big all around, but way up In the
smiling figures.
Steady Business Improvement.
Meanwhile, there is growing on a steady
recupertion In the general business situ-
alton. The patient was pretty sick. and
there has not yet been entire recovery.
The tariff revision menace is still an
active factor for repression and derres-
sion, and it's importance weighs upon the
mind OF the big interests and OF the gen.
eral banking, mercantile and Industrial
interests.
Solvent and intelligent people are hop
ing the troublOus period of revision may
be gone through with without great dam
ress will not be severely checked by rea-
son Of the seal ng down of oppressive du.
ties. Aside from the matter Of tariff agi-
tat on. basic conditions are stable and
hoperulness to the future 1t Is that
spirit which animates the stock market
and which imparts to 1t the excel ent
and underlying tone so plainly manife st
at this writing. Occasional furries and
brief periods Of market squiet wi ! be
unavoidable, but the pre- raiiing tone is
that Of restrained buoyancy, but buoy
ancy nevertheless.
Banks Scrutinizing Loans.
The banks are putting themselves in
shape to meet the demands that will
be made upon them by the west and
south, and which WI come earlier than
usual on account of the advanced agri-
cultural conditions. There will not be
the slightest trouble in supplying the
necessary funds, but the banks and trust
companies are making the impending
drain an excuse TOR sub1ecting their
loans TO close inspection and wedding out
the undesirables. It IL an annual process