Evening star. [volume] (Washington, D.C.) 1854-1972, 1912-06-23
STREET NOT UNEASY
Politics interests, but Causes
No Perturbation.
CROPS MORE IMPORTANT
Question Of This Years Production
Gets First Consideration.
BUSINESS Is EXPANDING
Mills and Factories Working Over
time and Metal Industries Are
Fairly Boiling.
By w. q. NICHOLAS.

NEW YORK. June 22.-The stock
market would like awfully well IL II
could only rally and effectively ignore
politics. 1t has been trying hard to do
this. and at times deluded itself into
thinking it had succeeded. What 1t seems
to have done, however, is to work itself
into a condition OF endurance and of
patience to await the developments with
out going into fits as the show proceeds.
1t even became reconciled to the posi-
bility Of Mr.. Roosevelt's nomination.
either by peaceable means or by force.
1t was prepared to accept the contingency
Of two republican tickets in the field.
carrying with it the strong possibility
Of democratic victory in the fall. Any
or all Of these things were possibilities
that had become familiar in Wall street
and were discussed with interest. but
not perturbation. The program OF
of equanimity has at no time, how
ever, aecepted t.e possibility OF a con
tinued tumult lasting through the mex,
period of three or tour months. Fire
works and dynamite and all the accom-
panying tumult are things which can
not De looked forward to with eithe.
caimness or patience, although the ele-
ment OF fear might not take exaggerated
and social revolution with sword, blude-
con and boot does not appeal 1t might
have done in the days OF Mahomet.
when 1t was quite the thing to instill
the spirit of grace into the people by
cutting their heads of. but modern idea
do not conform to that militiant theory
of the uplift.
The strange feature has been the calm
ness with which the great financial in
terests have been watching and weighing
the events OF the present week and the
month preceding. while the storm was
gathering. 1t was as though the whole
startling demonstration was merely q
piece of stage play-which would be al
lowed to run along SO far and then
stopped If II did not come to an end nat
urally from sheer exhaustion or return
of sanity and sense. The people OF this
nation. viewed as a whole. form q great
organization Of property owners. A ma
jority of voters either have property or
their personal interests lie with those
who are owners and producers Of values
seated belief that no revolt against So
ciety can be big enough to actually en-
danger the structure itself It Is q mani
festation of quiet courage and confidence
in the power of the people to protect
themselves against violence. come where
1t may. although it may be led by the
personal idol of many volatile followers
This view does not by any means mean
indifference or blindness to the situation
1t means underlying faith in the stabil-
ity Of our institutions and utter disbelief
in the ability OF any man or faction to
seriously endanger government or prop
erty. Because OF the quiet that pre-
walls 1t will not do to get the notion
that the prevailing spirit 10 one Of in
difference or callousness. for such Is not
the case.
Crops Of More Importance.
During all this period Of intense quiet
the financial district watch
full attention is being given 70 Industrial
and business conditions In general. The
world is not coming to an end just be-
cause lot Of politicians have been work.
ing themselves into q frenzy and arc
holding meetings and conventions to
frame platforms and nominate candidates
for office. It is OF vastly moro import
ance whether the farmers produce crops
valued at $4,000 000. 600 or So 600 O0O. 600
1t is upon that contingency that real
speculation will probably hinge to q vast
ly greater extent than upon the mutations
OF parties or politicians. 1t Is Of interest
to note that while the blare and tumult Is
going on and talk IL being loudly In
dulged in about the ruin and disaster
that confronts us, industries ar6 expand
ing and real business is growing In every
direction. The production of iron and
steel is the greatest in the history OF the
Mills and manufactures are
working overtime. The metal Industries.
steel and copper, are fairly
boiling, and all the allied trades are NOV
ing with them. Prices of products are
stu low. but that is a good thing. for II
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