The Cairo bulletin. (Cairo, Ill.) 1???-1928, 1914-10-20

ii.an the war itself. and Tie rapid
, improvement made ia London
finances is greatly aiding progress
/ here The Lancashire cotton trade
ippst also BEGIN To res me IRE long.
The world outside Of tn war wiz
stlil want vast quantitie> e"ttor
/ goods aud the ~ mt e7e
pei soniiaps ir575si j. British
,.NDorts Ia AuguS' f'htiu f4l, 0o0
/ 9l0, against J. i4,0"Gs090 year
sgo. While imports dropped Ia th
SAM period fCmn : 81 Geo O09 /
f2,0G0.0j0 liz september how
aver, there Vas an increase Of near
" / a0H.0D0 in cxpart, ana e
40. GOO IN svDortS comrsred viz
iho prccedin ponth. German for
sigh traas baS, however. sllere
severely OWNS IL the prsrtica! etiu
nation nj her lI'sr' hant marin
Russia aud Austria hsse also lo7'
mHeh of their f0reisn trade Tit
matsly the war will greatly stinu-
Ista American foreign comm cree.
Commercial conditions at home
are far from satisfactory The
shock TO credit resulting from the
war has enforced very material
contraction in business operations
Consumption of both Injuries anF
necessities, especially the former. i
being severely curtailed nv the ne
cessity for economy in family ex-
nens.s AT the sam" time production
is also being eurtaiied because of
The check to new cntpr1risas and
the scarei,v of roders arising from
tho contraction Of credit. Thus the
circle Of diminished employment
and dimir ished c0nsrn ntin is ex-
creising its baneful influence De-
.treasing hank clea -irg and railroad
earnings are further testimony
which cannot Re ignored OF bust
ness reaction, The iron trade con-
times very duh. and sdytces from
PITTSBURGH report that thu ind stry
will soon be running at below so
psT cert of normal nuilding per,
rits In September were fully one
third less than year aga, Such
evidence Of depressi n could eastlv
be multiplied but thav are not
very cheerful resiing. ard it is jus
rs well TO remember that IT Is i'm
rossiblo for such severe contraction
10 continue for any very lengthy
irl ioL AS suan 4S the credit situ2
ton becomes more normal and mors
loosely adjusted 10 the neF condi-
lions brought ON by war improve
nent will follow. This may he
soma weeks, or even som" months
iistEnt. and a period OF depression
more or less severe may still have
10 be endured, but the end thereof
cannot be- far distant. Conditions
N this country, It can be emphatic
ally asserted, are intrinsieally
sound. There is little or no inta-
ton. Liquidation has eliminated
ell important weak spots This
years splendid harvest has placed
the agricultural classes of this coun-
try In an exceptionally sound con-
dition. The South is perhaps a
temporary exception, owing to the
fact that the market for its chief
staple, cotton. has been seriously
impaired and upset. Even this is
q temporary matter aud If this
years crop can be successfully car
ried until European and domestic
spindle more nearly resume their
former activities, the crop will I'M
doubtedly be saved from sacrifice
such as now threatens, II Is also
10 be noted that there was decided
fall In commodities, as demonstrate
I'd by Bradstrcet's index numbe'
which stood at 9.24l6 October Isl
compared with 9.7577 for a mont
axo. OF the list OF articles includ
ed I'm this index number, SO reced
ed, only 10 advanced and As re
manned stationary The decline IT
food stuffs was conspicuous fea
ture. Textiles and metal products
also declined. and while up to thti
date reactions have been confined
10 the wholesale markets, there is
no reason why In due season the
should not feel the advant-
age Of lower prices and a ehsapened
cost Of living when retailers fall in-
TO line.
Compress is about to adjourn, aud
il is welcome news to hear that
The admlnistratinH Si.l no. encour
zee aDy further attacks On big bust