New-York tribune., 1912-12-08

there is trouble because a leading
rstic CONGRESSMAN dined with some
LII IN street fnanciers. Something will
"" N be done to protect our honest
n~aneiers from the politicians.
Let Us Have Peace.
.sen,s strange, hut it is always true,
.,..syerybody knows how to do the other
ua. ur,s husiness better than he knows
ie'e do it himself. There would seem
nv ,lentv Of work for Congressman to
an attempt 10 relieve the country of
~ Of its burdens by following out "A
sistant plan Of betterment in the gov
..rt's affairs than TO be continuously
.,,ling the minds of the peopele by
,.,,nq no scarecrow in front Of the
- -. York stock Exchange The Stock
.'-.,sonee as il stands to-day. is a repre-
.,.,ive institution, which doubtless has
souoe faults. but the men connected with
:. spd who are responsible for it's execu-
.,to nolcy. know more properly how TO
.-sct them than outsiders. who have
ooiv an abstract knowledge of its meth
w ss legitimate speculation is a personal
p nrices i'm every branch of realty, trade
~ ~ INDUSTRY These suggested attacks
I'm no one so much as the small holders
- gtocks \ little more peace and a
ysds II less agitation would be beneficial.
opportunities in Evidence.
An interesting view of the present situ-
s,ion is shown in last weeks letter of
u,,c,ar Dickerson & Co, issued on Fri
day, as follows:
'In. considering the facts in the present
sHuatson undue weight should not be as
sirnsd 10 influences operating against
,rces. Capital is timid, and sentiment is
sasily swayed. with the result that in the
nreseut instance a very substantial pro-
norton Of ills apprehended, but not actu-
snv existent. has been discounted. In
case that current problems are more hap
p;ly solved than is assumed, il will be
found that the discounting process has
bsep much overdOne As dividend pay
r,ents now stand many issues are invest
rpent bargains, and there is no reason 10
doubt that history will repeat itself in its
record Of financial trade and corporate
because Of the resourcefulness OF a coun-
try singularly favored by nature and by
the character Of its people. Opportunities
fSr attractive investment are in evidence,
and We believe that, purchases Of the lead
ing active issues should be made during
an such reactionary periods as have re-
Gently prevailed"
In their review of the copper metal
status c. S. Trench & Co. have the fol-
lowing:
ron Monday. December 9. the pro-
dacers' statistics for November will be
issued Should the refinery output fall
below the 100000 pounds rate 1t will
require explanation and may be charged
to manipulation, The exports for the
month, according 10 the Custom House
returns, are only 1916 tons, the smallest
months exports in nearly two years.
There is every certainty. therefore. that,
even if the record breaking American de-
l1eries are repeated. there VIII be shown
another increase in producers stocks ia
Noyember OF around 100000 pounds.
This would put the stocks hack TO where
they were at the opening of the present
year, at which time the price of copper
was 4 cents. as compared with l1@a to-
day
Tendency Toward Small Bonds.
In an address by Gardiner :. Dresser
before the Finance Forum on December