The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1912-04-08
LOOKS FOR IMPROVEMENT
IN The GENERAL SITUATION
clews Says This Feeling Is Shared by
Bankers and Captains OF In
dustry.

Probably the volume Of trade has
not Yet increased In proportion but in
due time general business is bound 10
reflect the more hopeful conditions
which now prevail. The recovery in
the steel and textile industries is al
ready marked, and promises to spread
In due season 10 other lines Crop
conditions are generally satisfactory.
though spring is unusually late ono
other indication Of reViving confidence
is the output OF new securities. which !
in the last quarter amounted To over !
S55S,00O0O0. an increase Of more than |
Sl0000O.O00 over the same time last 1
year \ portion of these issues was |
Of course intended for refunding pur-
poses. but important new issues are
still pending.
The first stage Of Presidential cam
paign is always marked by extreme
diStrust and uncertainty because Of the
unknown possibilities which may de-
Velop. Yet. whenever the time for
nominations draws near the outcome 4
becomes more clear. and when plat
forms have been announced. confidence
reviyes end trade promptly recogers. |
The year 1912 is not likely TO prove any
exception to this rule. Disuust and
conservatism obliged producers and
distributors TO follow a hand mouth :
policy for many months. Consump- |
ton meanwhile went on with slight I
diminution. The result Is that the y
country is relatively bare Of manu- a
featured goods, 50 that distributors
and producers alike now find them II
selves compelled 10 make fresh ven Z
lures and new starts in order 20 salts q
~ positive requirements Il
Condition Is Sound. II
Fortunately the excessive conserva- =
tism OF the last year or two has net =,
brought on any serious reaction on .
the contrary. IL has proved that the
commerce. the industries and the H. 90
nances Of the country arc in sound ,
condition. And now that doubt is a, -
last disappearing, rad!calism declining -,
and political opinion becoming more =.
reasonable. there is every reason 10 :.
look for progressive Improvement for
some time ahead. This feeling q -.
shared by our great bankers and cap -
tains Of industry upon whom initiative =
depends, and is behind the present -,
movement in stocks. The acquittal u -,
the packers BY a Chicago jury had a -.
favorable influence, lnasmuch as IL is -,
likely 70 discourage prejudiced anu q,
malicious attacks upon capital II Ger
iainly means that big business wiz
ienceforth oe harasaed less. and be
more sure OF a fair hearing. More -,
over. President Taft mas said that
while big concerns must conform 10 "a,
he law there should be mo persecu- -.
Ion OF such on part Of the govern
nent
The chief drawback in the situation "'
s the universal unrest OF labor. H. 80
many cases concessions are being made -.
nd wages advanced wherever the in
reased cost can be passed on 10 the
'oor consumer. who OF course must
Ultimately pay the bills. These conces-
ions are likely 10 add TO rather than
ecrease the high cost CT living: but
epetition Of the process OF first ad- w
ancing wages ard then advancing y,
- A''f9t nbIL Va lttinlclOuS circle
must apparently go on until this gov
rnment eNhaus,s itself 81,
The Strike Situations. ~,
Evidently We will not enter a period
lower prices until the PURCHASING ..
over Of the public has been exhaust -,
d by high prices--something when
oes not yet appear in sight. The coal
trike has thus far attracted little
-rlous attention, the presumption be-
lg that settlement is not far distant.
he coal companies are known TO be r
,aking large profits and the labor en-
loyed by these concerns Is receiving III
Iuch larger wages than a few years L
go. Under such circumstances neith-
? side can claim to have very acute =
rievances. VII
The railroads are also experiencing "ei
larger volume Of traffic, but have Oiu
IT the liberty TO advance rates that Is YIN
ljoyed by the .ndustrials Current
lrnings Of net and gross are much so
ore favorable than in the last two me-
onths but still larger gains are nee SoA
.sary before the railroads can afford rev