Albuquerque evening herald. [volume] (Albuquerque, New Mexico) 1911-1914, 1911-12-05
WALL STREET. nnEArnEs
EASIER. SANS Ci.I:ws


New York. dec. lowing Co the
intervention az Thanksgiving day ana
the approaching opening of congress
Dccs mbcr the tendency % the stock
market was reversed and considerable
realizing OF profits ensucd. A tenn
norary furry ln money Incidental TO
the end of the month further aided
the decline
In forming opinions ON the course ol
the stock market u l. important 10
first get line upon what congress II
likely to DO during the coming SEES
sion. The main political issues. Il Is
already known. will be first the trusts
and SECOND the tarin. With currency
legislation remote third, i'reslden,
TAT n expected 10 devote his attention.
chiefly 20 the trust problem. Since
his ideas upou this subject az well A.
the tnrift are already wen known and
are not likely 10 change. tho chief In
ttrrst viii fah upon the attitude OF
congress. AT present the trust issue
u much confused by some desire Go
amend on repeal the sherman law.
It's repeal Il an idle dream. Its amend
mcnt however may be possible. though
W. NfA"NttH NNNN"NNt tNlNAlN"N ~ AHNh"
advices not entirely desirable. IN an
probability strong efforts VIII be mado
TO pass Federal Incorporation law.
This proposal has many advantages.
and would go = long way toward
checking the abuses arising from loose
and conflicting state laws The cniof
! objections TO federal incorporation
law are purely political. lnnsmuch ~
II would lead 60 "A further centrallxa-
ton 90 power AZ Washington. ten
dcnry which has been growing almost
too rapidly during the last few years.
Indications arc strengthening dsils
that the Blk corporations have gonc
through their sevcrest trials. and thar
hcneeforth the government ~ likely
20 show more lcnicncy IN ~ enforce.
ment Of the law. u IL recognlaej
that big corporations havc come 10
stay. and ~ the public becomes b,ttcr
accustomed 10 their existence popular
prejudice will become less acute AZ
the same time Il IL fully recognized
that there great corporations and the
enormous powers which they have as
sunied are not readily brought under
the Influence ~ thu law. Some sort
[ OF reasonable regulation must be- de-
/ yisedi not 80 much 20 satisfy populat'
clamOr AZ TO prevent abuses of the
great powe- which they Inevitably pos-
- S. Whether suitable regulation can
be developed by further amendment
Of the sherman law OF whether an In
dustrial Commission viii be provided
! for the regulation of big concrrns on
similar lines 10 the interstate com-
merre Commission renains 10 Dc seen.
The latter idea has MANY adyocates
and n worthy OF serious discussion.
Until tho settlement of this trust
problem u In sight, business will hes
itate more or less becnnse she leaders
IN 0ig business can haze no settled
idaa upon what basis their operations
can be conducted. The tnffff also viii
be an element OF uncertainty. yet no
very SERIOUS or important changes arr
90 be anticipated. except in Instances
Of absolutely unnecessary ana extreme
protection. The presidential campaign
h., Of course. dissracting element, but
when the political atmosphere he-
comes clearer. IT, Importance VIII he
on the wanr. NO far az its effects upon
business are concerned. After all, M.
tie real legislation viii be accomplish
I'd. simply because this IN preniden-
ilal year. and each patty VIII be en-
aeayofinE TO put the other IN q hole
rather than solving problems.
90 much for politics. which are nj
present the chlsf hindranee to busl.
ness recovery. Were II not for Tho
noisy political agi;ator commerce and
industry Ia the United states would
quickly return 90 the normal IN
other rsspects the busiaess situation
Shows slow but steady improvement,
The iron trade Il stlll leading the way.
and November proved the most active
month of tho year for that industry
We aFe now approaching mldwiHtef