The Bridgeport evening farmer., 1917-09-17
World of Finance

tative of the general railroad sttua-
 ton, and it is believed they are, there certainly is no incentive for perman- ent investors Gin construction to spec
 ulators who are desirous of securing
 day to day profits) to indulge in the
 active liquidation that has so recent
 ly been a feature of the market TOT
 railroad securities. We are very apt,
 and not unnautrally, so to overlook
 because of our mpath1es and the
 personal dangers of our loved ones,
 the material advantages that must inevitably result from war that we tried so hard to avoid. America has attained and will maintain new f1-
 nancial position among tfre nations of the world; it will be restored to
 the seas as an important maritime
 nation; it will have become associa-
 ted in a practical way with many new export markets, and. finally, 1t will moreover have the lasting reputation of being the nation that at the cru
 cial moment stepped in to decide the
 war in favor of democracy. This is a position that cannot fail to mean much in the material sense. It will mean a postwar continuance of our national activities on a remarkable
 scale and continuing of prosperity for the great corporations that so clearly are responsible for those ac- tiyities. Our country has yet far to
 go before it reaches the peak of its development. For our farms and
 mines we have had a series of won | derfully prosperous years. High prices have been paid for our prod | ucts by foreign countries, thus in creasing our, wealth. This year we have in sight a corn crop of 3,248,- 1 100000 bushels, for which the far mer will receive extremely lucrative prices, volume and a price that ] have not been nearly equaled before. The average yield of corn for the
 five-year period of 1911-15 was only I GOO bushels. Winter wheat
 crop is below the average, but spring
 wheat promises about an average
 outturn. Meanwhile virtually all the
 minor crops are well in excess of ay- lerage yields. These facts indicate the degree of prosperity that is being ex-
 perienced in the agricultural sections
 of the country. Industry is present ling similar position. Labor Is so
 actively employed at high wages that l it's spending power can hardly be overestimated. The increase in the
 price of silver to virtually $1OO per lounce is an indication of the increas- ing value of the products Of our mines. This. ZOO, means a cOrreSpon- ding increase in our wealth especial ly if, as seems not improbable, ad- lvantage can be taken of the current opportunity to export a considerable T part of the huge volume of silver that we have on hand. E AIperiod of some strain has deveI- oped in money circles. It is not cal culated to be of a protracted, nature
 The government, through our new sI banking system, which has shown its ability to handle such periods of strain, may be depended upon to keep .t the money market in comfortable Il position. at any rate during the per
 iod of distribution of new loan The : subject has already been taken up
 officially with the banks by the gov ernment authorities with a view o1 nationwide cooperation. Our Fed era1 banking officials have full au. thority to issue notes as needed; thus
 member banks of the Reserve sys. tenn need experience no strain. since they are able to rediscount their own commercial paper at the Federal in , stitutions whenever they desire.