Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1914-01-23

mess circles. Manufacturers and others
under such a bureau would be able to sc.
cure an authoritative opinion as to
whether they were obeying the law or
not. This would relieve much Of the ex-
listing uncertainty in business which has
for months past tended to yparalyze mi.
tiative.
There Is another factor in the anti
trust situation which is favorable; ard
that Is the almost universal disposition
among business leaders amounting to- in
many cases. q positive. anxiety to obey
the law. This disposition mas ben .tre-
mendously increasedSb b., lhe friendly atti.
tude toward business shown by the Ad
ministration; and the present Attorney
General also. VINO wears the velvet glove
in preference to welding the big stick. liz
ell directions business leaders are making
sincere effol Is to comply with the law
and thus will gradually disappear the
.wcaHs6me friction between big business
and tie Government. which has been the
basis Of SO much popular hostility il
large corporations. TIE policy. Of ecntra.
llzation which began with the creation of
ltlle. Sugar Trust more than twenty.
years: ago came to an enl with the
Stardard Oil and Ameriu;.l Tobacco de.
%cisicns. in 1911. That was the turning
:pSipt against the moaeooly movement.
and since then the proSess Of ie cc.itra.
'lik1tion has been steadily growing 1t is
,nOE under fGIii swing. 7Ayhiln this ter.
.dencya may cause tc'npGrsry uncertain
ties and while dissoluiian requirements
may often prove ha,sl and dirficllt to
meet this change in business policy viii
ih tl,s. long ruin have lmportans dinl ben
Eef{leial resultsafrom bota The political and
industrial standpoints. sr9,y,
Outside Of Washington the most helps
ifnl change has ben the growing ease. Of
1ipseey at all financial centers. Local
I6elk reserves are rising. Funds are re-
turning from the interior. Commercial
paper has been much more active, and
n,enesart conditions generally are ,psom
iailnt: TINS change in the financial situa
ton will have far-reachin& effects. Low.
er rates Of Interest mean kiGher prices TO,
stocks OF u~ndoubted dividend -payin,
power: The better condition Of the none,
market; will also materially facilitate tn,
large amount of re- financing fnecessar.
during the current year to meet matur
ling short;term obligations. It a ais,
facilitate the placing Of new securities
which for the last three months hav,
been held back in large sums. The re
sumption of gold exports was expecte,
and nede cause n o alarm. It is .understoo,
that Paris alone will take, at4least $40,
eoo,0 900 of gold. and we may also be call
ed upon to ship. as heretofore, importan
amounts I'd Brazil and Argentina. Ship
ments to Canada have apparently ceas
ed. and with the close Of the Canadiai
crop movement the amounts recent,
sent there may return to this market
There is nothing in the gold export SIT
uation to call for uneasiness. We hav
q large supply of the precious metal an
can readily meet prospective demands
fTn efecta d our sending gold to Eur
0pe must be beneficial, since it will ma
terially relax the strain in London, Pari
and Berlin anr the relief there will b
reflected favorably upon our sown mar
ket. ~,
In commercial circles there is a dis
tinctfy brighter feeling. Confidence
revfving d j fesult OF tie new policy a