The Bridgeport times and evening farmer., 1918-04-24
WatSOn'S Weekly
 Letter

Outstanding above all other fea- ures in the general stock market ur1ng the past few days has been he calm confidence with which 1t has pet most unsettling published news rom the British battlefront in rance. And attention is directed to he fact that during the period of or cal, the London stock market has effected no demoralization of senti- hent. When we consider that the ea1ing free and open speculative harkets of the world, representing, $ they do, the focused opinion of he best informed minds, have re- used to become panicky over the teady forward movement of the Ger nan army masses, reass1ring deduc- ions are naturally made as to the nal outcome, however much the resent view may be disturbing. The nancial district ever has in mind he Allied reserve army, and takes outrage when considering the chang ng of it's potential power into ac- vity.
 We must have faith in our Allies +llu SPSOd uP IO luS 'uIlNI The appointment of Charles M. chwab as Directcr- General of Ship Construction is one of the best moves ct made by the administration in he direction of speeding up-and it hould have been taken long ago. vhis war will be won by industrial fficiency. Put patriotic American in ustrial and financial giants at the cad of affairsl Give them freedom f action! They will produce results Bithout delay! President McGarrah f the Mechanics and Metals Bank yell says: "The Third Liberty Loan must be a great, inspiring success. The biggest fact about this war, for hose of US who remain at home, IS hat the whole battle line of finance nd business is in our keeping. AS nance and business succeed, the war ucceeds. As finance and business ail, the war fails. n is just as true oday as at any time since America ntrance into the war that upon the eadiness with which financial sup ort is extended depends the prog ess and the eventual outcome of the Iar. Ours is a heavy responsibility Or beside supporting own m1li- ary activities, it is our fortune to be he ultimate financial reservoir of all he Allies" Former President Taft as been urging that the United tates raise an army of 100000 men, nd since Secretary of War Baker has eturnad from Europe there are signs hat Washington is increasing it's es- mates in this connection '"Thi. ountry realizes that it cannot bt alf-free and half -autocratic anD nore than half-slave," said Jacob HI Echiff, in a patriotic address during he week.
 The intensity of the battles raging France is considered in copper cir les as certain to keep the war con umption of this metal at capacity perations. A higher fixed price il oreshadowed in many quarters be ause of the reports that the presen gures allow practically no profits fo mailer producing mines, whose out ut is strongly desired. Accumula ion of Inspiration and Anacond; tocks is reported to have been noted n several occasions recently. Promi ent interests are privately quoteAd a uv,ng. It is confidently expected hat current dividend rates will b, maintained during the present year lining methods of both companie re being scientifically developed t
 high degree. The New Haven rail oad has heen taken care of by tn -overnme:t in financing, and the lat st advices make mention of a possi ,le resumption of dividends on mali scale unlder the governmen Jan of earnings guarantee. Ther as been some good buying of thi toclc recently. The railroads hav Eenerally been making poor earning eports for February owing to tn transportation congestion in the fore
 art of the year.
 With the condition of the securit market as well nquidated as it no7