The Bridgeport evening farmer., 1917-07-10
WATSON'S WEEKLY
 MARKET LETTER

MAkkEl HIIIn
 Gratifying progress is to be noted with regard to the war. The come back of Russia is the most import ant feature of the latest develop ments, although the efficiency of the American navy in giving battle rto German submarines and defeating their attempts to sink the transports carrying our soldiers is a great tri- umph in the sense that it Will strengthen the confidence of the na- ton and unite it in thought and ac- ton against Prussian methods. It sis with, great satisfaction we again note q further reduction ill the number of ships lost by submarine destruction It Is evident that, with the aid of the United Sattes Navy, this menace IS being overcome gradually. Far-see- ing investors are making favorable deductions from the latest Russian advices showing closer relationship between the new Republic and Amer ica. i-
 s.Business as usual is a harmful slogan in these war times Successful war means efficiency This cannot be realized if the usual methods Of business and living are to. continue. Extravagances must pc cut out. Oth- erwise. the individual and the nation will burn the candle at both ends. Not parsimony, but scientific econo- my should be the watchword for all. Germany has been in a state of war preparedness for years That is why 1t Ahas been able to defy the world so long. This is a peoples war, ana the people must first gain efficiency before they can win 1t.
 The bankers deserve great praise for the manner in which they have tided over the greatest money strain ever imposed upon the country. We refer to that resulting from Liberty Loan financing at the same time It was necessary to prepare for record- breaking semi-annual disbursements. We are now facing period when in- flation is expected to result as con sequence of huge expenditures of money for war supplies. Stimulation of business is expected to take place in every direction The stock market should discount such development by broadening activity and rising in many departments as soon as the re- adjustment through which it has been going for two or three weeks can be completed.
 The Interstate Commerce Commis- sion does not seem to appreciate the railroad situation, nor the magnitude of what confronts the carriers. Its decision in the rate case has been g disappointment. The Eastern roads benefit the most, buy do not get ade- quate relief The present time is an opportunity for the government tc exhibit liberality if its necessities are to be properly provided. Why not more cooperation on the part of the Commission, and disposition to er, courage capital to enter railroad in vestments2 This is no time to culti. vate government ownership of rail road properties. It would seem tha1 the government has about all it car do to care for its own requirements It needs the cooperation of every citizen and every dollar that each cf Stizen can invest. It is not a time fol politics.; it Is a time for earnest worl and hearty cooperation, which ,doe' not come through committee of th' government imposing on corporation more tl-an they can bear. Whateve, the disappointing decision was due. to does not excuse the Commission iron giving a. fair deal, for it is supposed to be an expert body with facilitie sufficient to get all the facts, witl judgment ample to give a just yer diot, and with full power to act While some comfort may be takel from thesresults, it is well to con slider that until the people are awak fo the necessities of the case and ac with decision. Washington evidentI cannot be depended upon to lead a well as to represent in great nationa affairs.
 Speculative investment interest i -k-~~.k Rr~ are concerned, in the securities o aeroplane. and shipping concerns ow ing to, the great program of the Uni ted States government, which is sai to believe that 1t can accomplisl more in the air against German ar mics than on land or at sea- Thi program means a large consumptio of motors, copper, steel and wood fo building ships for sky and water, an U. s. Steel, Inspiration Copper. Cru cible Steel, Marines, Bethlehem Stee Anaconda Copper and Lackawann Steel are expected to get larg share of the business involved. Tn Schwab interests are said to contrt 40 per cent. of the shipbuilding ir dustry, of the United States. Mexica affairs are reported to be improvin, and good buying is reported in Amer ican Smelling and Mexican Petro cum stocks. A loan may be negotiate with the Southern Republic Railwa Equipment stocks, including Amer. can Car & Foundry, Baldwin Loco motive, Railway Steel Springs. Amer ican Locomotive and Pressed Stes Car have in prospect large order from Russia, which plans to spen $376.000,000 for railway materials i the United States. according to news paper advices. The equipment con panies are reported working at cs pacity, and with no let up in sigh Among the railroads, Union Pacifi Southern Pacific. Reading. Chess peake & Ohio and Norfolk & wester are fin strong position.
 sFv' SALE SUCCESS.
 The "F.' feature sale held on th