The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1916-05-19

of international commercial operations,
will be more firmly and more securely
established than at any time in the
history of the world.
Combinations for Foreign Trade.
Business men in the United States !
will be much interested in the special
report just issued by the Federal
Trade Commission, outlining some of
the defects of our present business
methods, particularly as applied to the
export trade and recommending the
enactment of 'declaratory' legislation,
so that business men can safely know
whether they are violating the law, or
whether they are operating in accord
ance Herewith. The phenomenal sue
cess of the British and German mer
, camille corporations has been to a
large extent due to the fostering CO.
operation of Governmental agencies,
reinforced by commercial code that
has brought distinct advantage to their
respective exporters. In the United
States business and business organ
izations have been so tied down and
regulated" that they have been quite
unable to make any progress against
their foreign competitors. When we
add to this the fact that the bulk of
our exports must be carried in the
ships of these competing countries, the
full significance of the handicap under
which American business has been
laboring is more apparent.
Investments and Speculation.
There has been a heavy call for Sc
curities of every variety, from staid
Government per cents to the more
unstable and highly fuctuating specu-
lative stocks. Wall Streets diagnosis
Of current conditions is of the most
favorable nature, and it is difficult, if
not impossible, for the big security
market to entertain any policy save
that of expanding values based on I'M
: excelled industrial prosperity.
The broad movements of the New
York stock market during the past
year is best illustrated by the upward
: swing of prices in the leading security
, issues. The average of fifty market
leaders has moved up nearly six points
in two weeks. and last Saturdays
closing at $500 compares with a.
S one year ago. In the meantime, how
l ever. the average has swung from
!, o4l3 back to 86.42, both movements
being propelled by special influences
= which have had their peculiar effect
r upon speculative values. Among these
e may be noted the sinking of the Sus
sex, the recent exchange Of diplomatic
n communications between the United
f States and Germany, and the M exicar
d problem.
e Not least interesting in security mar
n ket developments are the chronicles
which go the rounds of extraordinar,
e individual profits. Perhaps at no tim,
S in the history of Wall Street are thu
# instances so numerous of enormous
S additions to private fortunes through
s successful operations in securities ant
e properties. incidentally, Wall Stree
e and the banking world generally i
) interested in the revelation of wha
d seems actually miraculous in the ca
n reer of Charles w. Morse. He ha
l. come back phenomenally. AS a bank
e er, shipping was his side-line. Eu
/? ropes big war has enabled him t.
y make it his whole life In earlier TN
i dertakings he was able to net tire
< mendous profits. the purchase price Q
r one ship, it is stated, being returne
t. out of the revenues of its very frs
n trip. Now he reveals developme nt
IL far-reaching. The United States Steam
ly ship company is organized to represer
If his chief maritime holdings. and tn
financial district is expecting to Sc
rs inspiring records made as soon as il
1e securities are listed for public inves
Of ment. Something of what is conten
ID plated in this particular quarter is il
y; Dictated by an announcement ju!
e. made that the company has submitte
sy bids for the transportation of or
&c million tons of coal from Hampto
he Roads to New England.
"a Among the most encouraging sigr
lg at the present time may be noted II