The Bridgeport evening farmer., 1917-07-17
.WATSON'S WEEKLY
 MARKED LETTER

v
 The importance of the favorable crop report should not be overiookeu from a speculative investment view point. It will mean large agriculturai profits and increased tonnage TOT tne railroads. 1t will reduce the cost " living under proper control py the government to prevent undue specuia- tion in foods. It will supply our Al lies with food necessary to make up crop shortages abroad. The emparso against shipping supplies to neutrai nations which have been reshipping to the Teutonic Nations is expected 10 operate favorably in this, connection by weakening the power of Germany whose crops are also reported to pc much smaller than usual. The crop condition is probably one of the rac- tors which has been causing internai disturbances in the Teutonic Empires and rumors of political changes.
 F,,rthed decrease in the sinkings py u,,hmarine ia reported. It is evident thax the American navy Is lending a rtrone helpfng hand in this respect. It apeaks well for the safe transportation ] of men and supplies from the United 6n.t.. +o n,tropes It the subrnarine ,,eraoe can be controlled Q long step kcorwmnxf w4N roslow the .'cone back \ of Ruesia. whose splendid offensives are beginning to have a telling erect an Austrian conditions. The Root H6,zuton ts reported to have done great deal to restore order in the new Repubnc. America Is preparing for l a lDnr war. We believe 1t the proper oourre to, pursue, for should the war end suddenly America will stand pre- uared against any contingency that 1 may arise, and if Germany sees that this country is thoroughly aroused it I may at least shorten the conflict
 The investment situation Is improv- ktn~ Ance the July disbursements have returned to normal channels. Prepara- Ettous ars already being made by way of orxantzat1on to take care of another tIAber<y Loan Issue. This prospect ku,ntv check investment in corporaFion ksecur4tfes, but is q feature that makes lfur support of the markets by the liarse financial interests who are work ing to make all flotations successful
 with the uncertainty removed from | tspeoulnffva consideration of the price- frlxtnR and war taxation matters in 1 washington. the chief obstacles to ina- provement in the market for securities should be overcome. The steel men lnre reported to have agreed to place ktheir product under the control of the fUnited States government during the kper1od of the war. Itrds an example of the spirit that animates our cap ltains of industry generally. Other fea- tturss of adverse character are of min 1 or importance as compared with the optimistic news from the battlefronts, the good crop prospects here, large lsurplus reserves of the New York banks, increasing war gusiness and lenlarging railroad earnings Limited q offerings are q feature of the general
 market The steel stocks are report cd well bought, notably U. s. Steel
 IAckawanna and Republic. D. s Esteel's taxable income under the new proposals is put at $4so 1000 900. Re Emoval of the l. w. w.. agitators from bthe copper mining districts should be
 followed by resumption of operations which may be reflected in higher prices for Inspiration, Anaconda and fUtah Coppers. Anaconda will become To consumer as we'll as a producer oi
 copper metal by the building of wire and rod u11u now under cOnbrLuctlOn
 The Eastern railroads have benefited most from the rate decision, 1t being l estimated that their revenues will in
 crease therefrom s1oo, ,o0o, 900 annual ly. New Haven will get about half O. what 1t asked for. says President Pear
 son New York Central, Pennsylvania Norfolk. & Western and Reading ar, being favored Union Pacific, South
 ern Pacific and Atchison. by reason O
 good crop conditions. are reported
 bought by artive investors. Theil yields are high The stocks of th'
 ;low-priced reorganized railroads af ford good speculative propositions.
 Davies WarfieId, president of the Ma
 tionaI Association of Owners of Rail
 road Securities. says: ''The dissenting
 opinion of Commissioners Harlan in tn
 railroad rate decision, stands out a
 one of the most important publi
 documents of years He looks far be !; yond the mere -reasonableness' of
 railroad rate-that this is g. pubIi question-it affects the people as
 whole and should be so treated. Thi
 1s the issue"