Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1912-10-01
Prospect! Are for I More
Active lli Higher
1)fket
Dy Henry cisws.

Special 70 The Tribune 49,
NEW YORK. OCT I've have
had another week Of improved un.
dertone in the stock market. Prices
for active shares now show q salts.
factory advance compared with prev.
ious low prices. and the reaction
which began Wednesday though IN
duced by temporary stringency In
call money was no surprise. The
money market Is now an important
factor in stock market operations.
Mercantile demands arc becoming
more and more insisteni. Earlier
prognosticatiOn as to an active fall
trade are now being fulfilled. In all
parts of the country business is be.
coming daily more and more active.
The railroads are Overtaxed IN bring.
ing present crops to market, and IT
will be some weeks before present
congestion is overcome. The arrivals
Of grain at some of the interior points
are beyond all precedent. As yet
cotton and corn have hardly begun to
move, these crops being the last to
ripen. Thus far there has been little
injury OF consequence to either OF
these crops. which Of course means a
heavy movement later on. One Of the
most encouraging features is the sat
isfactOry increases In gross earnings
reported for August by many promin-
cut systems. September and October
returns are sure 10 be even more sat
isfactory. Our great industrial estab-
lishnents are running on full time,
particularly the steel industry, and
many Of these concerns are likely to
close the calendar year with much
better balance sheets than a year ago.
Labor Is we'll employed, there being
an assured demand for willing hands
In almost every line Of employment
at good wages. In short, business
conditions from the Atlantic to the
Pacific are eminently sound and sat
tsfactory. Political conditions are
also improving. Discomfort Is dis
appearing, largely owing to the more
satisfactory state Of commerce and
industry. The wide and insistent
calls Of the politicians who wish to
bc In the limelight are happily losing
their effect, the public being weary
OF agitation. Political scares are
possible between now and election
day but the disposition to ignore the
politician is more pronounced today
than at any time in the last two years.
Hysteria at present belongs exclus.
lively to the politician. The average
man has been thinking He has about
decided for whom llbs win vote next
November and now wishes to be let
alone and get to work.
The American railroad situation is
gradually Frightening. For long
period the railroad section of the
stock market has been enshrouded
in doubt. In all probability the Arbi-
tration Board which has been consid.
ering the demands Of the engineers
will grant the latter some conces.
sions. Whether or not the Interstate
Commerce Commission at Washing
ton will allow the roads to compen-
safe themselves for these losses by
some advances In rates is not yet
made public. The claims of the rail.
roads in this respect are strongly en-.
titled to consideration, because every
thing they purchase has risen in cost,
while the only thing they have to sell,
transportation, remains practically
unchanged in price. and requests for
advances have been repeatedly de.
MED. This policy on the part of the
Interstate Commission Is neither
sound business nor sound politics.
Such policy If persisted in would
in time inevitably lead to bankruptcy.
should it happen that the roads were
unable to recoup themselves by an in.
crease of traffic. Business conditions
just now are exceptionally favorable;
otherwise many OF the roads, particu'
larly those in the weaker class, would
have been involved in financial diff.
culties. II the roads were owned by
the government, rates would certain.
~ have been advanced long ago to
compensate for the concessions al.
ready made to labor, and there lis no