Albuquerque evening herald. [volume] (Albuquerque, New Mexico) 1911-1914, 1912-02-21

political situation IS much less threat
ening Extreme radlcalism Is abat-
ing under persistent rebuke, and "a
realization OF its injurious effect upon
business. AS long as Il continues bus
mess men are sure TO postpone rev
enterprises This means slack trade,
diminished employment and an In
crease In the unemployed. This IL
something which labor does not al
ways realize when listening 60 the
appeals OF radicals who simply wish
20 win votes by playing upon class
prejudice. II is true the political
situation IL by no means clear, ana
we must remain exposed 90 unpleas-
ant surprises at least until after the
conventions. When these are out Of
the way II viii be more possible TO
draw conclusions as 70 the final out
come OF the presidential campaign.
No important tarin legislation seems
probable, particularly since the Dem
ocrats are not likely TO offer any btu
that President Taft viii sign.
SIN another favorable development
having a strong bearing upon the
market indirectly Is the better under
standing developing between Eng
land and Germany. Tho latter IL
highly significant from an interna-
tionnl standpoint II not oiny re-
moves all possibility OF conflict be-
tween England and Germany, which
not few seriously minded states
men approhended. but Il also enables
two OF the greatest powers In the
world TO modify their eXtravagans ex-
pcnditurcs on army and navy Should
II be possible for England Rnd Ger
many 20 come to an agreement where
o this waste was limited, the result
would be a vast step forward FOR eiv-
ilzauon as we'll as an incalcuiable
economic gain. for money which
hitherto has gone into unproductive
directions for ironcleds would be turn
ed into profitable channels. The sig
nihcanco Of this peace movement is
shown by the rapid rise Ia British
consols which have long been con-
sldered the premier security OF the
world For months past they have
been selling AT the lowest price In
many years because ot tho strain up
on national resources from military
expenses and the Sociallstic measures
of Aoyd-Goorge. A partial relief has
90. and n rapid improvement In Brit
ish credit has already resulted, FL
nanclal London Is greatly relieved
and a strong tone OF hopefulness pre-
walls in consequence. the effect of
which cannot but have a beneficial
reflex action upon the United states.
similar Improvement Is taking place
In Germany General trade there to-
IN excellent condition ana has been
throughout tho late excitement What
ever stress developed from the Mo-
roccan incident was chiefly confined
20 financial circles. Now that the
strain has been relieved by The reap
proachmont between Germany and
England, German financial markets
are experiencing quite as much relief
as shown In England. German loans
have either been paid or well taken
care Of Financial anxiety has dis
appeared and the outlook In Germany
Is quite a. bright as that In Britain
Win conditions 80 satisfactory in two
of the leading commercial nations of
the world, how long win the UHited I
states remain behind, when there is
nothing hut unnecessary political dis
turhancos 10 prevent a fresh forward
movement?
Tho New York stock market has
been dull and lothargic. strength has
been shown In few speciultirs. but
hesitancy stili prevails Tor well un-
dorstood reasons. The money market
continues easy and there n still a
plethora Of idle funds, with no pros
poets OF material change until propar-
ations for April settlements are In
Greer II caanot be- said that a very
hopeful feeling prevails In New York
financial circles, and though the gem