Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1912-10-17


Oats, bushels ......... l,4,7. D 1000 s22. 10000
Rye, bushels ....,.... 35,OOO,O00 5000 0C
Barley, bush.ls....... 22i,0 OO,OOO 16O,0UO,OC
Potatoes. bushels -. 4Ol, 100000 299.O O 90
! Hay, tons ...n...... 12,i25,oO 5sy0OO,IO
Not only are these crops the larges
on record, out In mOest cases, Wha
Is highly important. quality Is eXcep
tionally good. It should also be totef
! that the fruit crops ms a whole have
been unusually abundant, and tina
never in its history has the natlol
been so generally and so generously
favored by nature. All food products
| derived from plant life should be rel
! atlyely cheap this year and aid ma
terialy in keeping down the cost o.
living. Only meats are likely to DC
lear, since the supply of these has
been actually declining. If the cost
Of living is to be reduced, it can only
be accomplished by larger produce
and less waste both of materials ant
labor. Estimates 10Y place the val
ue of agricultural products this veal
as high as $4,000, 000, 900. Possibly
his inquire is excessive, but 1t Is salt
to say our farmers will produce at
least $500, 900 900 more than last year
With such a marvellous increase II
the bounty of nature. it will be i'm
possible to prevent an active fall anu
winter trade. Pessimism must shr1V
ell away before such results.
In the first half of list week base
ball, battleships and the Balkan wal
were too strong a combination OF al
versions for the stock market. Price
had already shown liberal advance
discounting much of the business i'm
provement, so that it only required
drawbacks Of an ordinary nature te
p%recipitate a profit.taking movement
European sales, and the large accum
ulation of new issues, though vel
met, discouraged fresh buying, anc
the decline was further accelerated
by moderate short selling, although
operations ON this account We're o
an exceedingly cautious character.
Intrinsic conditions continue salts
factory. The volume of trade is lantg'
and steadily increasing. There is nc
abatement In the pressure OF trath'
+ o the railroads, which are certain
"a make much more satisfactory re
ports, gross and net, than a year age
"or the three months ending Decem
Der /. The only complaints nov
emanating from railroad circles ar
those relating to the congestion Q
traffic and the scarcity Of cars; tn
latter an Inconvenience for whic
shippers are sometimes fully as re
sponsible as the railroads themselves
n some respect all traffic records ar
being broken, and not since the PAM
of 1907 have conditions been 80 sa.
'sfactory to railroad managers a
hey are today. OF course the pres
ant rush of traffic will not continu
indefinitely, and the railroads still
have grave financial problems to NEE
which cannot be adjusted unless, a
in other lines Of business, the raj,
roads are allowed to compensat.
themselves for increased expenses b
charging more for their seryices Thi
is the problem now before the Inter
stats Commerce Commission. and tn
pressure OF public opinion should b
brought to bear upon. that body j.
order that the attitude Of its Q
bers may be- more strictly judicia
han heretofore. The board is con
posed Of men of widely diverse view
and thus far the a%nti.railroad spiri
has seemed to dominate that angus
body. If 1t be true, as Is CHARGE
that the decisions have hitherto
largely been made with a Wow Q
pleasing the public, it is only faf
that the railroads should now receive
in turn some consideration.
In the money market q someWha
better feeling prevails and furthe'
s.ringency may be averted until tn
usual pinch around January l. Tn
situation, however, Is not free g
doubt. Gold imports from Europs
have been delayed by the Balkan SIT
uation; and the possibility OF string
ency has induced our government II
express its Willingness to give what
ever relief may be necessary. I
seems quite certain that the govern
ment will use every legitimate effOr
10 counteract stringency. So far a.
Europe is concerned, conditions are
not favorable to any serious inter
national outbreak. The great power
are all strongly opposed to war .anf
will doubtless use every effort to Gil
cumscribe the struggle. Winter is
close at hand and the difficulties o
conducting a military campaign vii,
soon become insurmoultable Until TIN
spring. This should facilitate diplo
matte action. Last and not least, thu
question Of financing the war 10,
these small municipalities will be Z
serious problem for them as soon a.
any surplus which they may now hav'
becomes exhausted. European bank
ers certainly are not likely to lend aio
in tFis direction.
Fortunately home politics is at
tracing less and less attention. TIL
outcome OF the campaign become
more and more evident, and the re
suit Will probably be fully discountef
in advance, provided no shocks IN
tervene. At the moment the issue
in questions are obscured by the per
aonalities which have entered int
the campaign, but the feeling grow