Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1912-06-11
More Confident lJndertone
Prevails and Crop Promises
are Good
Money is Easier and. ;P|enti-
ful Except for hardening
in Time Rates
Special to The Tribune.
BY Henry CIews.

BY Henry cIews.
NEW YORK, June 11-Financial
conditions are positively changing for
the better. A more confident under
tone prevails both here and at the
interior. This new wave of cheerful
ness blows in from the west where
unrest for long time has been deep
seated. The basis for this change
in tone is three fold. First, our in
dustrial and financial leaders seem to
have decided by common consent to
cut loose from politics. It is felt
that agitation has brought the worst
to the surface, and that an estimate
can be placed upon the worst that is
likely to happen. 1t is felt also that
the high tide Of radicalism has been
reached and that henceforth more ra-
tional and normal judgment is likely
to prevail.
There is also less uncertainty al
to what candidates will be selected
as standard bearers for either party,
although nothing definite has yet
been made public regarding plat
forms. OF course the political baro+
meter may fluctuate violently dur,
ing the next few months, but DIN spite
of such uncertainties the worst to
be expected is already known, and
the feeling is already abroad that no
extreme policies are likely to be
adopted during the next administers
ton.
Crops Still Looking Good
A second and more practical reas-
on for business betterment is con-
tinued improvement in the crop out
look. Grain has progressed very sat
isfactorily for the last three or four
weeks. A big hay crop is practically
certain, and the fruit crop in many
sections is also exceedingly promis-
ing. At present it looks as if the
agricultural classes We're going to
have another year of exceptional pros
perity. If this proves true it means
good business next fall and winter
throughout the interior, and a conse
Quent increase Of industrial activity,
especially after the handto-mouth
policy which has been pursued for
some months.
Continued activity in the steel
trade is also having a widespread
effect. Railroads have been heavy
buyers Of many steel products. and
it is now an old story that this indus
try has been running at full capacity
for the past two or three months!
Prices are steadily hardening, and
though there is temporary lull in
new orders, it Is confidently expected
that further large amounts of new
business will be soon forthcoming.
requirements for steel are urgent and
large proportion Of the new capital
being raised by present and prospec-
tive new security issued is sure to
find its way into the steel industry !;
and this means much to general bus
mess in the iron regions. The steel
outlook is certainly brighter than has
been the case for several years.
Better Labor Outlook.
The third important element in the
situation is the better labor outlook!
In some cases wages has been adj
vanced where such advance appeared
justified. In other instances the de-
mands of labor have been withdrawn
or modified where it has been found
that such requests were ill-advised
and injurious. In other cases trouble
has been averted by compromise.
Here and there few occasional
strikes may be expected, but there
has been a decided moderation in the