The Bridgeport times and evening farmer., 1919-02-25
I. |. WATSON'S
 WEEKLY LETTER

The underlying tone of the stock market is showing improvement. Financial sentiment is more cheerful. Developments have been of a reassur- ing character. Some of the uncer- tainies are being removed, and others promise to disappear soon. Money supplies are being added to by the slackening of industry and the ap- pearance of war boards in savings bank deposits, which have been in creasing. Combined with increasing inquiries from the public, pool inter- ests are displaying more aggressive ness in specialtes. The strength in oils, motors and tobaccos has had the effect of stimulating outsiders. The broadening of the market with but moderate reactions speaks well for the foundations which suggest a slow upward trend. Following government orders for 10000 railroad cars a, good demand appears for the railway equipment stocks, including American Car & Foundry, Pressed Steel Car and Baldwin Locomotive. Rumors are current Tn regard to the latter to the effect that favorable developments are pending. Westinghouse Electric is refecting absorption of a quiet and confident nature.
 Washington advices indicating that government financing of the near fu- ture may b. along the lines of short term notes instead of Liberty bonds are favorably received They are ex- pected to be more successful than a popular Liberty bond offering in view of the absence of the patriotic stimu- lant while the war was on. With preparations completed for this new financing, corporations will have a better field for their financial re- quirements. The crop outlook should not be ignored. A large wheat yield is indicated. The government esti- mates the aggre gate value of crops in the United States for 1918 at over fourteen billion, an increase of $5S4.- 100000 over 1917, the previous record value year. This furnishes a stroag basis upon which to readiust indus trial conditions to peace requirements. It is a bulIish fundamental of vast po- tential power, and will have its effect on investments sooner or later.
 "No public reception say Messrs. Hubbard Bros. & Co.,, in their latest interesting letter, "nor any govern ment cOmmendation has been given by the United States to any of the returning troops in recognition of their services to the country None has been permitted. But the state of New York was allowed to receive and greet the returning 369th U. s. In fantry - Colonel William Hayward commanding - the old 18th N, Y Colored National Guard regiment on Monday. This is the first parade of the local troops. Our troops should be received as the people of the United States wish to receive theu-with all honor and glory, in the presence of the fathers, mothers, relatives and friends who have had their hearts full of them every moment during the war. The government of the United States should greet them, and they should pass down Pennsylvania ave nue in Washington, a living picture to the power, the purpose and glory Of freemen, a memory forever The dastardly attempt on the life of Premier Clemenceau Of France is in line with the murderous policies of the Bolshevik, whom this country has tardfly begun to deport-
 We recall what the head of a large operating company said some years ago when consultations and expan- sfons were a matter of active interest ana diSCuSSIOn, III substance: There are limitations on what one Is capa- ble of mentally and physically, and when you impose too much upon one man he either breaks down or his work is not successful" This ts ex- emplifed in the railroad world today by the statement of President Daniel Willard Of the B. 6 O. R. R. to the Senate Committee on Interstate Com merce. He emphatically declared that the railroads did not break down. as asserted by government representa- lives and others; but lon the con- trary, the record of actual perform. ance under federal control of the same properties with almost exactly the same facilities and with sub stantially the same official staff, is the best and most convincing evidence that the railways, both as to physical properties and personnel, had not only not broken down but were in fact most efficient agencies of trans portation."