Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1912-05-21
MARKET IS BUT
SLOWLY GAINING
Conflicting Conpitions are
Pressing Influences on
Stocks
Every Inducement is for the
Farmer to Raise Largest
Crops Possible
Every I0duCement is for the
BY HENRY CLEWS

NEW YORK, May N.-The stock
market has been working upward
through conflicting conditions. Sur.
face appearance are decidedly un'
settling. Chief of these is politics,
Not a few experienced leaders view
the new political ideas which are be-
ing so vehemently discussed with
more or less apprehension; the sharp
personalities of the campaign adding
to this distrust Another source of
uneasiness is the increasing social
unrest manifested in various ways,
but chiefly in the growing of labor,
which mean further increase in the
cost of living, and which will inevitab-
ly be reflected in continued political
discomfort.
Intensity Growing
The campaign is growing intensity
each week, and business men must
learn to take ebullitions more calm
ly. This country has been through
many crises and always emerged safe
ly. 1t is premature to say that agita-
ton has reached it's end, or that any
of the problems pressing for solution
have been solved, but business must
60 on.
Food, clothing and shelter are re-
CURED as freely as ever; in fact, more
so, to meet the demands of a rapidly
growing population. Much of the
present day agitation comes from
those at the bottom of the social scale
who insist upon a better standard of
living. They are meeting with con-
tinued success in this direction, and
the larger wages VIII ch they secure
mean an increased purchasing power
on their part.
About the Crops
There is another element of uncer-
tainty more serious than that of poll
tics; that is the crops. In some parts
of the country the season is very late
and there has been too much moisture
This is particularly true of cotton.
In general the season is late and az
fords no particular grounds as yet
for enthusiasm. There are three
months ahead, however, before the
harvest, during which time there is
abundant opportunity for improve
ment. Fortunately the crop condi-
tons in other parts of the world have
been more satisfactory, so there will
be less occasion for extreme prices
for grain in the United States, should
our crops not prove abundant.
Europe may easily take less wheat
than usual, but will want our cotton
in large quantities. This year bust
ness will be more sensitive to crop
conditions than usual. The high
prices of food make large crops alb
solutely essential to keeping down
popular discomfort, the chief national
grievance today being the high cost
of food products. Our farmers GER
tainly are enjoying exceptional pros
peri.y, and every inducement exists
their raising as large crops as
possible.
The farmers however are feeling
t! e labor question in an embarras-
sing manner, often finding it impos.
sihle to secure a sufficient number of
hands. Our great cities are suffer
ms from congested population, yet
strange to say, many refuse to go TO
the farm even at much higher wages,
preferring to congregate in masses
in the cities, often under less COM
Portable and less sanitary conditions.
Not infrequently they could better
their condition by leaving the crowd
ed city, but will not.
Clever Manipulation
The recent advance in stocks has
been effected by strong and clever
manipulation. When that ceases the
msrket is likely to recede, especially
as a considerable distribution of
stocks has been already effected. Our
railroads are making more satisfac-
tory returns of earning, indicating a
growing traffic. The railroad labor
problem is still unsettled, having gone