The Bridgeport evening farmer., 1917-10-03
World of Finance
WATSON'S WEEKLY
MARKET LETTER

Recoveries from extreme low prices |
IN the stock market have been OF an !
extent largo enough to restore a SUD-
staitial part of the confidence lost
among active investors during the |
unsettling decline. Stock bought Tor
xaunp0rtinr purposes has been COM
Inr t1poh 4fie mark 1t during bursts OF
strength. Many Of the uncertainties
which hung depressingly over senti-
ment have been removed. others are
about to disappear, and new develop
uaents promise to be of q more cheer
ful nature. Banking support of prices
IL indicated by reason Of the new LAp-
erty Loan flotation, and sucn yea
lures as the adjournment of Congress
harvesting Of large crops and encour-
aging war reports will have their CT
Fact On market fluctuations. We ex-
r,nct TO nee a. trading market with
hullish tendencies of a conservative
character offering. No extraordinary
movement Is anticipated in either Oh
rectfon al present. A stabilized mar
ket Is highly desirable under existing
conditions. Southern Pac1ffcs august
earnings have broken the record Tor
both cross and net. The net receipts
since the first of the increase are
more than 1000. 900 above the same
Deriod q year ago. This stock Is at
fracting new investment buying In
couseQuencs.
prSc.a as fixed for the various
c0mmodities are declared REASONABLY
SATISFACTORY to all concerned with the
sxception OF boft coal, where some re-
, Vision In likely The fact that the ad-
uninistration will later consider the
! o.,esfion of revisions is regarded as
I, "a e911riuR If the administration can
:; control the labor situation 1t Is reit
f, that other conditions make for that
(: efirnulation OF output SO necessary 10
win the war. The railroads ana the
equipment companies tand to benefit
/, from the reduced prices for raw ma
Z terials and supplies to degree great
\ nr than other leading organizations
4 ana the shares of strong companies
mre being bought for well-informed
( neople during reactions. It is stated
\ that there will be no adjustment or
4 old steel contracts, and that prices
! which governed when thes business
/ was placed will be paid.
Copper producers. express general
npproval of the plan to pool the out
/ NIT Of the United States It is re-
! oorted that contracts for a billion
pounds of copper metal may be let
4 for the United States and Allied gov
4 Arnnents. No important seller has
Y been willing to take contracts Tor the
first quarter cf 1918 for less than 70
4 cents pound. This shows the
! strength OF the situation. Charles
Hayden, who is prominently associat-
cd with the porphyry companies.
says the price Of 2s Ia cents fixed
By the government sis absolutely
fair" Magma Copper has advanc-
ed over nine feet into a vein OF ore
assayfng about IA 1-2 per cent. cop
per. The face of the cross-cut in
the ore assays FL per cent copper.
Federal Reserve Governor Harding,
4 IN an address before the American
Bankers Convention, says the old
banking system of the United States
would have collapsed under the war
strain. The appointment OF Presi-
dent vanderlip of the National City
Banlxl as assitant to the Secretary OF
the Treasury at Washington Is look
ed upon as bringing Wall street and
, Warrington INTO closer Relationship
+ -soa1iefiff7sf5 Ereg ey 5l8t6Sbe desired
7 IDEAL weather is reported for winter
wheat seeding, resulting in the 1arg-
est acreage ever put in In this con-
nectipn it is not to be overlooked
IN that the crop total of the country this
Fall will be bumper harvest.
1t is gratifying to note that thu
Washington government has appar
entity decided to aggressively expos
the German propaganda in the Uni
: tea Sfafesso suppresaiHg seditiou'
pnblicstions1gq The sfBeEHsterff2 dis
CLOSURES should convince many slack
ers OF tina necessity for action. Thes
developments will go far towar'
strengthening the determination Q
the American. people to assent to n
~German peace" Never until Prus
Ma makes restitution for crue
wronRs,' we'll says Senator Lewis
s'and gives inviolable guarantees Q
peace and Justice for all the future
win America lay down her arms.
The ringing dcnunciation OF Prussi
by Otto H. Kahn, himself OF Ger
man birth, will encourage many loys
German-Americans,, to whom he ar
peals in no uncertain tones to stan
firm against the poisonous Prussia
military class" Judge Gary, Chain
man Of the Board of the u. s. Ste
Evaporation, says the, United State
can send 100000 men to war an
Y supply 100000. 100000 in three {
four years without Gripping Il
strength or interrupting its industri'
proEress."