Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-11-02
LATEST WALL STREET NEWS.

suit in the development OF some radi-
cal actions on their part which could
easily influence considerable liquida-
market. for a time at least.
Therefore, one should not be car
rying more stocks now on q marginal
basis than could be comfortably TAX
en- care of should anything transpire
to upset the market.
Henry Clews-The closing of the
Atlantic City trade conference on
Saturday. October %. makes possible
an estimate Of the results accomplish
ed there with respect to financial ne
gotiations. 1t is evident that foreign
countries want practically all the
assistance they can possibly obtain In
the American market and that very
moderate computations OF this as
sistance would place the figure wen
toward $2,000.000.0 900 in the immediate
future. Meanwhile. Congress has
ing the Edge bill. which provides for
the creation of new enterprises, su-
pervised by the Federal Reserve
! Board, whose function 1t will be to
take the obligations of foreign con-
Germs guaranteed by the governments
ating and use them as collateral for
their own obligations to be sold to
citizens OF the United States in order
to facilitate exports, which cannot
be paid for at the present time by
those who receive them abroad. 1t
these corporations would be organ
lied and 1t may be that much of the
borrowings asked for by foreign
countries may take the form Of ad-
vances to be made to these Edge
bin corporations" This may be a
financing rather than through straight
government loans on this market
However 1t may be disposed Of. the
chances now favor large assures of
foreign securities here in one form or
another and serious drafts upon our
resources available for home use,
while a new type of securities is
offered in considerable quantities to
our investors.
j. S. Bache & Co-Labor is losing
lie opinion is taking it's place. Wit
ness tthe treatment of labor when the
Adamson bill was put through by the
administration. Then labor had its guns
bearing on the powers at Washington
and the public was asleep. The pub
tor in politics. and the labor vote
had the politicians by the throat.
Now the labor leaders, partly re-
cruited from the reds and the I. w.
WIS. have their guns out. but there
is no rush to surrender on the part
Oh inc OH the Con-
trary, the coal challenge has been
met with a fat ultimatum and q
counter challenge. with promise to
use the full power of government to
protect the interests of the people.
The public has come upon the scene
: as a great overwhelming influence.
| filling the ears of the rulers from the
| littlest sitter in the House to the
highest ruler. The public has walked
from its lethargy, and is, at the mo-
ment, a dominant, irresistible power,
before which politics cringes submits
sively.
1t is not An easy thing to arouse the
American public. Two or three
| months ago there was favorable
feeling toward labor-an impression
that 1t was not getting its proportion
ate share of profits in the great era
of money making which is going on,
and various plans of profit sharing
were being considered.
Then came the Boston police strike.
This rudeIy Jared the whole country.
| It awoke with a start. It began to De
apparent that back Of the labor NOV
ment was the red hand of anarchy
and revolution. The Developments Of
the steel strike and Gen. Woods un-
earthing Of the red plot back of 1t
| has thoroughly aroused the whole
country. The public Is alert to the
danger, and the authorities are ready
to cope with it.