The Hattiesburg news. (Hattiesburg, Miss.) 1908-1917, 1911-11-21

ample yield of corn compensating for
shortages in other directions. Our
foreign trade is in very satisfactory
form. Railroad rates have been re-
stored, and the action of the Com |
merce Court in regard to the Spokane
case has been reassuring. Gross |
earnings of the railroads make salts
factory comparisons with last year,
and the decline in net earnings has
reached its worst without any serious
effect upon dividends. Railroad man,
ayers are recovering their mentaf
equilibrium, as proved by their plac-
ing liberal orders for equipment ana
steel rails. These orders have been
held back as long as possible and their
placement reflects the imperative ne
cessities of the roads. Some heavy
orders for steel rails have recently
been placed, the total for the first ten
months of this year being 100000 tons
ahead Of the same time in 1910. For
cars also liberal orders have been
placed. aggregatng fully 10000 with
| in the last three weeks. The steel
trade has certainly turned the corner
and higher prices may be expected if
present activity continues.
At Chicago and other financial cen
tiers a more hopeful feeling prevails.
Investors who have long held back
from the market are beginning to in
crease their interest in better grade
securities. For bonds there has been
slightly improved demand. Mer
chandise is moving more freely; buy
ers having recognized the facts that
prices are frequently relatively low
and stocks of merchandise abnormally
small. How long the slackened pace
in business. which has COW been run
: ming for over year. will continue
. cannot lc fore-een But it must b'
4 rememh red that in the United States
depression never lasts long and is us
ually followed promptly by a fresl
! forward movement, The only hin
I dranco i'm the political situation. /
\ is a forcgone conclusion that we ar
4 in for another twelve months OF pc
. ntical contest, but as soon as the PC
o suits can be foreseen business wi
a begin to resume its natural activity
, Already there are signs of eXhaustio
in extreme radical circles and all il
dications point, first, to only a mot
l crate reduction in the tariff; and, SCI
Q ond. to a slow and rational treatmer
n of the trust problem. Headlong a.
n ton is extremely improbable. Col
D. gress opens two weeks hence and II
o programme for the coming winter wi
e be fairly we'll known.
" This weeks stock market ends viii
% higher prices and increased con
a. dence Underlying conditions co
% tinue sound and show no change, e
ID cept for the better. Money remair
m very easy, but gold exports have stal
IN ed upon a considerable scale, chief
to Canada and Argentina. This week
ID shipments amounted to nearly $1,000
re 600 and more is expected to fbllo'
le The effect will be beneficial in ten
lie ing to reduce the extreme ease
&c money. which really is too cheap. A
It. parently some of our bankers consi
nj err the present time more opportu
OF for the placing of new issues, judgiI
is by recent public offerings. Europe
e. looking with more favor upon Anne
he can investments, never having share
y. the fright over the Sherman la
rs which has been manifested by o
~ own investors.