The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1919-11-07

stock market exhibited in the week
end October 18th was followed dur
ing the current week by return to
the bullish situation that has pre-
vailed for many months. In the prog
ress of that bull movement there has,
of course, been many factors which
have exerted temporary effect upon
the market, checking a rise in certain
sections and Stimulating an advance in
specialties while the general market is
receding. Prominent in this respect
has been the money situation and the
amount and rate of call loan money.
But as quite fluctuations have occurred
within the space of a week or less,
the influence of the money market
may be regarded as of temporary bear
ing only. There have been times, for
example, when call money could be
borrowed on Monday at 8 or 4 per
cent, but on Tuesday or Friday of the
same week rate of 8 or 10 or even
Is per cent would have to be bid in
order to secure sufficient funds to
cover the commitments of stock
traders. Bankers are of the opinion
vail until after the turn of the year,
and that therefore the supply of funds
for speculative purposes will be less a
factor than has been the case in recent
weeks.
While there are still many in the
financial district who are optimistic
concerning the labor situation, it is
nevertheless true that labor unrest
has been the one dominant factor in
determining values in the stock mar
ket. There is by no means a sanguine
feeling as to the immediate prospect
of so satisfying the working men Of
this country that they will use their
best efforts for production in quality
and in quantity.
The fear is quite generally expressed
that in their efforts to maintain their
supremacy as the spokesman of labor,
the radical leaders will precipitate
quarrels and strikes that will result in
evil for all concerned. The firm atti-
tude of the president in the matter OF
the coal strike has been somewhat of i
body blow to the strike leaders, but it
is quite generally recognized that the
industrial fight will be fight to 4
finish, and that more serious develop
ments are probable. In the long run
the situation is expected to be i'm
proved by the partial disintegration of
the federation of labor, but in the
meantime the leaders of the radical
labor movement have the power to
throw the industrial machinery out of
gear. and it is feared that they will
not be very discreet in the exercise of
this power.
Conservation and Conference.
run 60 - Lee H.
are now urging extreme caution on the
part OF their clients until such time as
there is a clarifying of the industrial
atmosphere, though they are in no re-
spects dubious as to the final triumph
OF Americanisrn over the dark forces
which are now striving to overthrow
the best in American institutions and
ideals. When this country needed a
modern banking system a law was
framed that carried this country
through the trying times of war with
out difficulty and it was perhaps more
OF factor in the winning of the war
than any other one thing. The public
now realize that there must be con-
structive railroad LEGISLATION. The law
makers have come to realize it, and a
start has been made to secure it. The
Cummins' bill has been favorably re-
ported by the senate. The house COM
mittee on interstate commerce is
drafting another railroad measure.
There are some objections urged to
the Cummins' bill, but it is generally
acknowledged that it is a step in the
right direction. Railroad securities
just now offer great possibilities. In
few cases does the capitalization rep
resent the expanded values of the
properties. 1t is stated that the
Pennsylvania railroad has 1000 more
stockholders than wear ago. This is
an evidence that the public has conf
dence in the future of rails and firm
belief in the idea that the roads will
receive fair treatment Now is the
time for a display of confidence but
not an exhibition of recklessness. The
public is justified in being bullish on
the United States of America for this
country can always be depended upon
to do the right thing in the end,
whether 1t be the enactment of bank
ing legislation, taking sides in an inter
national struggle or the proper pro-
lection of the railroad investments of
the nation.
Imports Increasing.
A very decided jump in imports and
a noticeable drop in exports were the
outstanding features of the country's
foreign trade in September. according
to statement issued by the bureau OF
foreign and domestic commerce, de-
partment of commerce.
Imports for September amounted To
S4SS,0OO,000, which is go, 000, 600 more
than the previous high record establis-
ed in July of this year. The total for
September of last year was $2o2, o0o. :
600 During the nine months ended
with September of this year imports
amounted to $500. 100000, againsl
20SO00,000 for a similar period OF
1918
Exports durin September were
valued at SsoS,oo0,oo0 as compared
with So46o0o,0o0 in August of this
year and SsS00o0,0o0 in September
1918 In the nine months period OF
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