New-York tribune., 1912-08-26
REVIEW AND DIGEST
Indefinite Market, Entering
Larger Field of Trade
and Finance.


a tone OF cheerfulness. Realization has
not been sufficient to clear the sluggish
atmosphere and relieve the market OF
an accumulation Of short range stop
orders. always a menace to market
over which hangs a suspicion OF pos
sible break. Ordinarily with such out
side favorable support of business and
industry. the market would present an
especially strong front, and its buoy
ancy would be so marked no thoughts
OF a collapse would be in the minds OF
traders and the public. However such
q feeling is in evidence, and It's oHN
foundation apparently lies In the pollU-
cal uncertainty which the country Is
facing. II Is easy to present arguments
some Of them offering a specious re"
soning. while others arc based OH "'c
average of presented factors. Scores OF
market letters and financial articles are
sent out daily. weekly and monthly oE
Wall street contributors-each one oS
tcnsibiy purposing TO be the suloe anu
counsellor of the public interest III Sc
o,,ri+ies Some of these are clever ana
give intelligent reviews ana torecas'''
others simply express opinions "n'o
eth another class express the personal
bohb,es of writer's who find nothing out
gloom ahead of us and reason "l'n'"
2 narrow channel of surface conoi'io"''
ignoring the broad expanse OF chai'se'
,,,tionaI economies owing TO whlcn
,,oro is in process gradual reconsuuc-
t,on of our financial and inous'iia'
fra mevork. necessitating new methouS
90 brsiness more elaborate unoer'ah
.,d q greater investment yield ior
money. No one element OF the "oinN
changing forces has been respo'S'0''
60 chic new regime. Primarily II ma!
a,d that II IS all due TO civilization
with ,ts evolving tendencies 10" a. y
d;.t,nct commercialism and the ''Nu
49, ord extravagances which man
.,.,a hos developed. As the cou"
-. crown so have all the hun'e'
ous lines Of specific be''er''e''' ',,.,
"a tbo telegraph, telephone eN'';',
.,-,.d e,.stems. urban and lnteru' p""
,a,,o,. cor lines. automobiles ana o''e'
means Of bringing humanity i'''o
o,,uounion and clevating the '"S'e
,,Io ,,bo before the development Vt
.,.so achievements Of civilization
.o,+ont to dwell in simple s'E'S
ON neagre worldly allowances
o,,It,vation of so-called higher 'd&s
oroonp the masses has been respo'''''
g. ,b.n,ed yocations ana hap'ts VI
,,.... ar,onp the lower and miou'c
,rno servant who did all-rou'u
Homework a quarter oi ce'i''''
,oa ,assed and in her place mas co''''
-. a,oid NJ the period, claiming nls-
....,.,o,, ,r different forms OF househoiu
duties The farmland VINO TWO
oeo did chores for his boaro duTi'e ''''
- ,,ortbs and worked from SIX 10
.-A. ,,ontbs for wages varying from
go month. and whose worklis
,,ours ranged from a. m. 10 Su'iuO" !"
hos heen succeeded by the oleht "''N
49,, bo,,r dav farmland. who is hireu
=. .to ,.e,r at All annual wage OF from
,95o to $500 and other perquisites anu
who expects several SATURDAY 'd''
,o,idavs during the local baseball sea-
CON while in the winter months lie uo''
r..,o cleo than the regular chores inc
| farmer and his family have also au-
1onced in tastes and requirements he
| story of the newly elected CohEIe
non from the rural district who, on
bis initial trip to Washington was
| given a room with bath, ana WIN
wrote home that he could hardly wait
untu Saturday night to get INTO 'ne
bathtub. nowadays has little TO war
ron+ its telling. Farmhouses have bath
tubs. pianos. telephones, and the au'o-
mobile I'm the country is more COM
roonulace than the special carriage anu
hornoss were twenty-five years since
! All this basic difference has gone on
IN the scale. increasing in applied pro-
nortions. until to-day the extravaganza
of the American people is not equdlIeu
ae q whole by any other nation. Ihe
old countries have also experienced the
demands OF a higher cost Of living, and
many improvements have come TO the
relative foreign domestic life, but these
changes and added items Of cost nave
NOT been nearly so general among the
r,ssses as in the United States. Neces-
stv has caused an increased earning
! mower and @ decreased purchasing
mower OF the dollar in this age OF ex-
travagance and rapid living. The rel
alive primary purchasing power OF tho
dollar. however, is practically the same
IF a sparsely settled country is selected
with no advantages and the only pur-
nose in evidence Is to make living
then the soil produces just as 1t ever
did. and the simple wants of life may
he supplied without any complaint
against the high cost OF living. The
world. however, is growing more thick
" populated. The farms are being
turned into lots, and the village OF fifty
years ago is now metropolitan mu-
nicipality. Fashions, customs, appetites
and tastes have all evolved and VIII
continue to move into more elaborate
demands, while each new demand opens
another avenue Of trade and disburs-
ipc channel for the incomes of the