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Show the shape of meat and other products. Our cotton crop has thus far escaped any damage from frost, and producers will be fully compensated compen-sated by good prices for all shortage in supply. The South at least should enjoy uninterrupted prosperity. "It is, of course, known that decisions of great importance will soon be delivered from the supreme Court. These decisions will affect af-fect the whole industrial machinery of the United States.' The great combinations may be obliged to change their organization, but no sane person desires or expects any confiscation or destruction of actual property. Any radical disturbance would mean disaster for the entire country, and disaster which would fall upon capital and labor alike. Fortunately, President Taft has appointed men of not only high character but of great self-poise and judgment. The Supremo Su-premo Court cannot be suspected of being lacking in sympathy for the common peoplo ; and it evidently recognizes the first importance of dealing justly by all interests and preserving the principles and the liberty which have been the basis of American growth and prosperity. pros-perity. "Another satisfactory development is the change in attitudo of many of our great corporations. They are beginning to recognize that their great power and responsibilities must be used with due regard to public welfare, and that any organization conducted in defiance to the letter and established law must eventually pay the penalty. The anxiety of many of our corporations to be considered lawful is noteworthy note-worthy and satisfactory, and the disposition to conciliate public opinion in various ways is a most wholesome and encouraging symptom. The effect will be to at least moderate public hostility and to diminish the reason for and consequently the danger of radical legislation. These are forces which work quietly and are not readily seen, but the changes referred to have actually occurred and will in due time work out beneficial results. In other words, the political and economic tendencies of the day are towards amelioration of abuses which have exasperated the public, and there is consequently much less danger of injurious legislation to corporations than was the case a year ago. It is not intended to convey the impression that our troubles are at an end, or that the course is clear. Nothing more can be claimed than a change in sentiment among our captains of industry in-dustry who are at last bowing to public opinion. This in the end will be helpful in all directions. "In the money situation there is no longer any danger of the squeeze anticipated this fall. The last bank statement showed the banking situation at the leading centers to be sounder and much better than anticipated. General trade is quiet, being less in volume vol-ume than a year ago, and no great strain is likely to fall upon tho money market so long as speculation is kept within reasonable bounds. At present there are no prospects of any violent outbreak in the latter direction. Capital is still scarce and somewhat timid. Investment In-vestment conditions are good and the stock market is benefiting from the period of rest and readjustment which is taking place in other departments of our business machinery." BUSINESS OUTLOOK. That the alarm which caused bankers to restrict loans is passing is made evident by Harry Clews' last letter, in which that banker reviews the business conditions and finds nothing discouraging, even from a banker's standpoint. He says: "The betterment in conditions previously referred to in these advices has already resulted in a fair recovery of values. Within the past two weeks many serious doubts disappeared or moderated; the market showing consequent relief. Among these doubts were the crops, the political outlook and the monetary position. In all three of these respects the outlook is distinctly better than a month ago. Corn is now practicallyout of danger from frost, and a 3,000,-000,000-bushel crop is doubtless assured. At 50 cents per bushel this means the creation of $1,500,000,000 of new wealth. Corn is by all means our most important crop, inasmuch as it enters so largely into the providing of food for man and beast, and is an element of growing importance in the industrial world. It also provides an immense quantity of freight for the railroads, both in the crude form and in |