Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-05-21

efeHlIuB HSys II mas EttpF04Su AApAAi 49,
severe jolt occasioned by the recent slump
and is settling into dull and narrow rut.
The bear contingent finds it difficult to de
press prices by the customary raiding tao
tics and buyers for the rise must content
the mselves with meager profits for the pres
emf. Apparently there is little likelihood Of
further serious recession In the average of
prices. but the controlling powers of the
financial world are for the moment content
to let matters drift. Their influence is for
stability rather than further immediate inn
provement in quotations. The burden OF
opinion is that forces are organizing for
another great movement in values but not
| Immediately Meantime the foundations
are hardening and bi oadenng, and the ad-
vance when it comes will be from a base
line which a year ago would have been
considered the climax of a mighty rise.
At the current range prices are only
| lit tie under the high level established three
years ago Since then, however, hundreds
OF millions of dollars have gone into bet
terments everywhere. a statement when
applies with equal truth to induStrials as
well as railroads. The country has grown
richer and stronger and the population of
the nation has increased 6,OO,UOO to 1000
Coo.
The situation is in every way better and
healthier than it three years ago and
whatever capital expansion there has been
Is represented Dy an adequate iSoi'Oilhiiio
! increase in actual property value. The best
tho ught of the financial world leans to the
theory of another upward swing in market
quotations before the end of the year. This
theory is, of course. predicated upon the
fulfillment of very encouraging crop
pi omise and of uninterrupted industrial and
business activity,
Increase in Population.
Our population is increasing at the rate
of about 2,0000O0 year. The statlsticians
of the United States treasury estimate the
population now at 81. 100000 and by the end
of the calendar year at least another mil
lion will be added to this figure. About
half the increase at this time is represented
by immigration. The other half Is natural
| home growth. majority of the incoming
foreigners do not Immediately get beyond a
narrow fringe of territory lying along the
Atlantic seaboard. A goocly percentage oil
the new arrivals, however, scatter through
out the farming regions of the west, north
west and southwest. 1t is noteworthy, how
ever, that the larger proportion of the in
creased population of the southwest is made
up of native Americans and that this IN
CT ease is going on at a very rapid rate.
thus insurIng the development of natural
resources under the most intelligent ana
best direction conceivable.
The south is moving ahead with equal
certainty, but upon somewhat different
lines. Throughout both of these great sec
tiCns there is a disposition TO make the
most of agricultural and mineral resources
and to lose time in reaping benefits.
knowledge of these conditions has become
a very important market factor and Is in
fluencing investment and speculation more
than ever before. Securities based on
southern and southwestern railroads and
industrials possess growing attractlYenesS
and are coming into larger favor day by
day.
Af.Al e hNf, dc hold
in this country only an insignificant per
centage is in speculative hands. The Amer
lean allotment went at once into the pos
session of an exceedingly solvent class
which pays but slight attention to market
fluctuations or to the price influence of
current news. Even a defeat of the Japa-
nese navy would not disturb the eGuantmity
OF this comfortable class
The hegira OF the beef trust magnates is
the occasion of ribald testing in the Wall
street quarter. II is not unusual for the
beer kings to go abroad every spring and
summer. but this year a coincidence Is
noted between the day of flight and the
rernicious activities of the Chicago grand
juries in probing into the mysteries Of the
trust.
No epidemic of i'll health has YET attacked
members of the anthracite coal trust, al
though VIGOROUSLY this aggregation COM
poses the most oppressive and hoggish
monopoly in the United States.
]. Arthur Joseph premier story-teller in
the Hebrew dialect. tells of Semitic citi-
zen who brought 5000 into the street, de-
lating. Presently the margin got thin and
there followed the usual call for fortifica-
ton The Hebraic individual protested. but
in vain. He was confronted with the al
tentative of putting up more money or be-
ing sold out and he gave the necessary or
der to close his trades. Calling the next
day for his small balance he was handed
check for $l67.50. Holding the piece of
Pc per in his hand he gently grasped the
broker by the lapel of his coat and said:
''Vaidt. l want to gif you yum tip" and
tightening his hold on the brokers' gar
ment, he continued, Il know informashun
cheneraly costs money, but dis tip I glf
wei. Well! What's the tip?" asked
the broker.
wen yum stranger comes to your offs
you shud establish yum status, so he may
know yer he's at
Status? What do you mean by status?
imratiently inquired the man of business.
IVY" answer ed the erstwhile customer,
you shud taige down da sign Offer da door
und de blackboards For Customers and
paindt In For S-u-c-k-e-r-s.'
* =
Irreverent Wall street tries to extract
amusement from John D. Rockefeller's
declaration that the various churches and
creeds will adopt the Standard Oil policy
of consolidation as the most practical
means Of fighting the devil. In its jocose
moments the street wonders whether under
the Standard Oil plan creed competition is
to be crushed out by means of Paradise
relates for a favored denomination (Bap-
fist presumably or whether discrimination
Is to be practced against blacklisted
churches by Juggling of schemes. End
less are the applications and parallels that
are drawn incident to the mention of the
Standard Oil policy as the one which must
be adopted in order to effect proper work
ing combination against the hosts of evil.
All of them being more or less wicked they
nEnifestly have place in current Wall
street literature, which must be all to the
good. One suggestion is that if the gospel
spirit should get into Standard Oil instead
q the Standard Oil SDirit into ralipinn ba