The Bridgeport times and evening farmer., 1918-09-04
WatSOn's Weekly
 Letter
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 and conditions heretofore ignored are forcing consideration of the favorable features. There is no reason to expect big upward movement in securities at the moment, but there is nothing to prevent special operations for higher prices in groups deserving of bullish recognition. Money matters continue to exert a restrictive tnf1u ence on broad market activities, but the railroad, taxation and other do- nestle factors are moving into the field of certainty. From our point of view, we think the administration should favor a better feeling among the dealers of high class securities. We are glad to see the United States government getting ready to put it's foot down on issues of wildcat" se- curities, which means better things for first class investments beside of Liberty Bonds.
 The large government requirements of funds for war purposes are, of | course, at the bottom of the money tightness which is holding the market in check and promoting dull trading. Bearing on the subject, Chairman Gates W. McGarrah of the money committee, issued a warning toward the end of the week as follows: 'The efforts to stabilize money rates made | since the First Liberty Loan was of- | fered have met with a cheerful and sincere cooperation. The government | requires constantly increasing amount of money, and while every eff | fort will be made to maintain rates at the present level, it is thought wise in ! view of the present progress of the Allied armies, to point out that any | disposition. to indulge in speculative commitments based on borrowed money, must of necessity lead to an increase in rates that will prove cor rectiVe."
 That the spirit of paying the Ger | mans back in like manner is being l aroused among the American people | is evidenced by the more frequently | spoken word and published articles, a late illustration being the strong pull pit attack by Rev. Mark A. Mathews, D.D., before the staid old congregation | of the Fifth Avenue Presbyterian | church. According to the New York Sun "The auditors voiced their feel l ings with all of the freedom that would have marked a political meet | ing in 8 campaign designed to stir the popular passions" He spoke of the peace terms that the Allies should impose upon Germany, consigned the 1 Kaiser to exile, shut Germany off from relations with the world, and de- manded the execution of German leaders. He called prof1teers "infa- nous traitors" who fought to be court-martialed and shot"
 "No American can come in touch | with the affectionate admiration, with 1 the trust and faith of Allied nations l toward our country without feeling even more profoundly and reverently than before the high privilege of being an American citizen, and without be- | ing stirred by solemn sense of the obligation to do whatever he individ- ually may be capable of doing, to l prove himself a worthy servant of the | Great Republic, in war as well as in 1 peace, and an earnest and sincere | helper, however modestly and humbly, toward the realization of her high | ideals and lofty mission" says Otto I press on his return from trip through France and England. He is 1 thrilled with pride and gratitude" over the great work the American army and navy are doing abroad for world liberty and civilization.
 In peaceful commerce as in war, German necessity knows no law, &C., cording to remarks printed by the Central Powers Economic Gazatte, which says: Considerations of in- ternational morality must be pushed aside" It advocates that "all marks of German origin be obliterated from wares exported" It is plain, there fore, that the Allied nations must take steps to protect themselves, by tariffs or otherwise, from the p.ossi- bility of interruptions German trade activities after the war. It is gratify- ing to note that American correspond ents at the front send back word that our soldiers are for a dictated peace'' and not for any compromise that will allow the guilty to escape just pun ishment. They are making the su- preme sacrifice. Shall we fail to back them up to the utmost? Extracts 1IOIu OOIuldH nS"SPdpGTS lately in this country display ten dency that gives some hope for an awakening of the masses in that em-
 pire.
 Copper shares have been displaying greater life than for some time past
 While there may be no important ad- vance in fixed prices allowed for cop per metal during the remainder of the war, there is a confident feeling shown in copper trade circles that the gov ernment will maintain the present fig ures, which give substantial profits
 The new draft from IS to 45 years is
 expected to reduce the labor supply to a point where great executive ability must be shown to properly distribute what is left, and in the copper indus try, as we'll as elsewhere, increased
 energies will have to be exerted to get satisfactory results. It is beyond question that most of the non-essen- tials will have to give way. Domestic production of copper in June has been estimated at 166,723, 900 pounds
 which compares with 181,07O,00O
 pounds in May This shows the effect
 of decreasing labor supplies.
 Electriication of railroads, as pro- posed by Secretary of the Treasury
 McAdoo, may not be practical fea- ture for sometime after the war, but
 the idea is developing, and in con- i sidering the great economic benefits likely to follow specifically and gener- ally, the project is not to be styled a
 dream. Copper circles are much in- terested. owing to the immense sup II niles of the metal that would be re-