New Britain herald., 1919-09-27
MARKET AND REAL ESTATE REVIEW

cent. of normal these concessions have not satisfied but only increased the appetite for more. It is not to be supposed that intelligent labor does not grasp the fact that the cost of lying cannot be lowered by raising wages and lowering the output Individually, labor must be conscious that the only cure for high prices is to increase the output and seek plenty rather than scarcity; but, col lectively, it refuses to recognize or act upon any such ideas. Such d state of mind of course hurts labor more than any other interest, and can only be attributed to the worldwide strain and upset following the great war. Perhaps it is part of the uni- versal scramble to get more without any regard to the interests of rights of others Either through reason, or through hardships which no one desires to see, the way back to more normal relations must be found. Be- tween capital and labor better understanding must be reached Some form of cooperation must be found if progress and prosperity are to continue; and the best way to reach such ends is to let by-gones be by-gones and to open the way to discussion in a spirit of fair play and mutual consideration of each others difficulties and points of view. If the great labor congress which as- sembes in a few days is conducted in such a spirit, great good may re- suit and a new road blazed leading toward industrial peace and more just distribution of the proceeds of industry.
 Stock Market Conditions.
 The market during the week has naturally been irregular and unset tied, due to the strike of the steel employees. While the strikers have been able to force a partial shutdown of some of the plants they have not met with the success they anticipated, and it now looks as if the strike would end with defeat. The better element of the workers, even those who are union men, do not agree with the plan of Fitzpatrick and Foster and as the latter is preaching revolution, which is foreign to our form of government, all of the con- servative leaders hesitate to fully en- dorse him. It may take several days or possibly several weeks to end the controversy, but every day that the wheels Of the steel industry keep turning is an indication of the prob able failure of the strikes to attain their object. MT. Gary is defending principle which is thoroughly American in refusing to treat with any organization outside of his own employees. It has been generally be- lieved that the U. $. Steel Corpora tion has always been most fair in the treatment of it's Workmen and during the present labor dispute I have read nothing that controverts such an opinion. l believe that the great majority of steel workers have been satisfied with the treatment they have received, but as they are nuorganized they have not the same Influence on the public mind as the unions who have unexcelled facilities for spreading their views broadcast through their local representatives While supporting orders have un- doubtedly been placed in the stocks most threatened by the situation, it is evident that stock traders have not been greatly frightened and have not been forced to liquidate. Interest in railroad stocks is showing moro activity The lower priced rails are receiving increased attention, as many of them are selling on an at tractive basis. With any definite plan worked out by congress to do jus t1ce to the stockholders railroad shares would at once become the leaders in the market.
 An expanding interest is evidenced in the Liberty bond market, which very naturally has shown steady ap- preclat1on ever since the publication Of the secretary of the treasury's en. couraging statement regarding the position of the treasury. Knowledge that the War Finance Corporation was operating for the account of the government sinking fund and a some- what easier trend in the money market have acted as a further stimu- lant to public interest. The most conspicuous movements have been in the second As and the second IA s. which during the week have scored an advance of over 100 points This This should not be surprising. how