The Bridgeport times and evening farmer., 1918-11-21
WatsOn's Weekly
 Letter
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 The word "readiustment' would seem to sum up the present situation in the market for securities. As re- gently pointed out. before constructive activity could be entered upon. period of readjustment would first have to be passed through. This seems to be at hand. How long it may last is not clear at this writing. But we may feel confident that the uncertain ties will disappear as they have in the past, and that beneficial results will follow. We may also rest assured that imitation tendencies will not only check readjusting declines in prices, but they are expected to operate for improvement later on.
 Broad basic factors should receive careful study and consideration at the present time. One of the most inn portant of these would seem to be the fact that no more great wars are likely. The peace congress of all great nations soon to take place should set tie that. Such a prospect ought to make for confidence in the interna- tional investment world to a degree never before seen. It would promote absorption of good securities, especi- ally sound issues in America, whose products have been advertised by the war more extensively than at any time in the history of the nation. The re- mobilization of Europe means great in- dustrial activity. Our boys will return from the front with the fighting spirit developed by army discipline and training. That fighting spirit will be a factor in business aggressiveness. Our country is the richest nation in the world, and its credit is greater than ever before. These are under lying conditions that must make for constructive action later.
 Leaders in the copper trade are op- 1 timistic. They say a large volume of | business was damned up by the war. This is expected to make it's appear ance as soon as the present period of | uncertainty is over. In considering i the cost of production and character of organization-two vital factors in connection with the probable con- sumption of copper metal after the war, we believe preference may be given to Anaconda, Kennecott and In- | spiration shares, which we regard as ulative-investmen&s on any further
 declines in prices.
 While the Soldiers of Liberty still stand guard on the frontiers of civili- 1 Zation, while the war is won, the fight | for the establishment of a just peace | is not over, and there should be no
 relaxing of vigilance on the part of ] Conc of Dora tha world oUaY
 The peace congress is to come. In the | interim "enemy propaganda" supple
 mented by the Socialist and the Bol-
 shevik will continue, and we must be | on guard against the insidious activi- | ties of the pacifst. Justice for All'' | is program that history will approve. | It will venerate the majestic figure of l the Grand Old Man of France | enceau; and eulogize that great War rior of the PeopIe--Foch. Frances peo-
 pie have led the Allies in heroism, in 1 sacrifice, in faith, and to her be given all honor, admiration and affection.
 "It Is harder to win peace than to win the war was the warning of the ! great French statesman when his
 country gathered about him to pay trt-
 bute.
 We have before us book written
 by Charles Seymour, Ph.D., Professor
 of History in Yale College. Owing to 1 limited space, we can quote briefly from this interesting publication. In i view of the general interest as to the
 motives actuating Germany in start
 ing the world war, Professor Sey-
 mour's conclusions are instructive.
 The following particularly appeals to
 us: "Any philosophical discussion of
 the moral right of the German nation
 to such political influences in the
 world at large proportionate to the | commercial influences exercised by
 Germany, is unnecessary. We are con-
 cerned with facts, and the chief fact
 to remember, if we would explain to ourselves the origin of the conflict, is that the Germans sincerely believed
 that they, as well as the nations first
 in the field. had right to world em- pire, and, if they were capable of seiz-
 ing it, to supreme world empire. It
 was because political primacy on the
 continent seemed the essential basis
 of Germany's world empire that she
 determined to give the law to Europe
 in 1914, either by diplomacy or by
 war"