Evening star., 1915-11-02
|u,..,oa sA.. has struck this a. well az

ulatlQA that has struck thia ~ WeA -
The federal reserve bank. are report,
that ID not working. The gold OF the
world is flowing into this country. aha tha
standard Of exchange. Incidentally,
the banks find themselves in possession
Of large funds that are idle. they
therefore encourage their CUSTOMERS
with large holdings to buy stocks, ana
the customers with small holdings iol-
low suit-usualiy after the stock has
reached high figure and the cream OF
profit has already been taken rms ~
the time that the man with $1,000 in the
bank draws 1t and takes a chance on
some soaring security. Many such m
vestors are due to lose their savings
when the inevitable reaction comes.
Cleveland has been stirred up over
her labor troubles for some time, ana
at this writing
City Is Harassed the situation re-
by Labor Troubles. til tied. q All over
the country there is going forward
quiet but determined campaign on the
part of labor to make the war boom
yield an eight-hour day wherever 1t is
not already established Two walking
delegates are at work here organizing
machinists. A thousand men have al
ready walked out of the Peerless fac
tory. They demand an eight-heur day
with ten-hour pay. The company has
refused to treat with the delegates.
One large concern has already yield
ed to similar demand in order not to
forfeit contracts worth millions. 1t is
q tense situation. Keen observers say
tnat " the union men continue to win.
small plants all over the country will
many of them cannot afford to do.
Furthermore, 1t will create a difficult
abor problem to be solved after the
war; when there are no more large
profits out OF which to pay big wages.
So Clevelands labor fght is watched
with intense interest
The difficulties here are traced by
some to the activities of the recently
departed DR.. Dumha of Austria. 1t is
known that his agents were at work
among the Hungarian, laborers in this
city.
This is great year for. the lake
| traffic. There are not enough boats to
fill the demand for iron ore, and ship
ments by rail are expected this winter.
The ore supply, both on the docks and
IN the furnace yards, is very low. This
means at least another year of good
times for the lake carriers. Tug and
freight companies and shipyards are
all enjoying the good thing. Nearly
all of the shipyaFds on the coast are
busy hlling war orders. AS result,
vessels for the American coastwise
traffic are being built in the lake yards.
Some OF them are SO large that they
have to be taken through the Erie
canal in two sections.
There are numerous other industries
here that have benefited more or less
directly by the
Other Industries war. The ma
Benefited by War n n,ants u are ana
ing a market for all they can make.
The demand for uniforms has brought
wealth to the woolen mills The stocks
of all chemical companies are rising.
This is due partly to the demand for
acids to be used in making high ex-
plosives, partly to Europe's great need
of drugs and medicines, and partly to
the elimination of German competition
from the local markets.
Cleveland adopts an optimistic atti-
tude toward the all-important question
or what Is going to happen after the
war. Every one admits that the war
steeks viii suffer sharp reaction, but
1t is nevertheless believed here that
prosperity Will continue. The railroads
nave peeH almost out or the market
fer two years, and now they are COM
Ing back strong. They are bound to
make large repiaoements of ties and
rolling stock. The United States gov
ernment is Just getting ready to spend
millions for armament These two
factors will take care of the steel and
iron industries
The rise in meteor stocks is said to
be not half SO dependent upon war
orders as has been sometimes repre-
sented. The people of the United States
are buying immense numbers of cars.
The day when car was luxury and
a title to social position is passing,
but the automobile is just coming into
Its full right as useful thing to own
The makers of motors are now az
cumulating equipment and capital in
large quantities. They also are i'm
proving designs and standardizing ma
teriais. When the last shell has been
fired in Europe they will apply their
multiplied capacities TO the domestic
market. We will have cars, according
to well Informed forecaste at prices
we never before dreamed of-and good
cars, too. So America may turn the
European crisis to her permanent profit
In more ways than one.