Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-06-22
LATEST WALL STREET NEWS

ttions could handle the Mexican situa-
ton for US much better than the ad-
ministration has done for the past
nine years: nothing could have been
much worse.
REIMBURSEMENT of industry has pro-
crossed so far that writer's are ana
iyzlng the conditions of various
trades TO see which are enjoying I'M
paraileled prosperity and which only
normal business. This certainly is a
great change from the attitude six
months ago, when it was uncertain
how soon, If ever conditions would
| revert even to normal activity. It is
admitted that in foodstuffs, textiles
leather goods and the products there,
| or. in the motor business and allied
industries and in agricultural and it's
related activities there is proceeding
! something akin to a boom, in some
cases. or unparalleled proportions
This indicated amount of prosperity.
sustained by the invariable and fur
tner- be derived benefits from the
growing and harvesting of great
IN stocks, and whether it is a pros
perity boom or an initiation boom
Which is sustaining stock prices, the
ntgh goods prices are certainly Gre
prohts, which will keep the securities
OF the companies earning them worth
more.
me market has withstood the pres
sure of frightened money market
with remarkable steadiness, and has
ridden through it much as a good shin
would ride through a tight little
squaIl. Inc sun appears to be shining
as fitt; ana progress is being made at
little lower rate of speed
The export demand. limited on1v nv
Iaclllt1es OF transportation and means
10 buy with, is. of course, at the basis
OF the propelling force which makes
S BUSINESS good; This demand, it would
seem, cannot be filled for long time.
and II European nations are given the
Faculties of credit the prosperity nonst
continue Much thought and energy
are al oelng given to this problem. both
action Ito will probably soon follow.
while the power of the federal re-
serve bank will again be invoked
whenever the speed becomes too
sreat optimism. If trade continues to
long time. -oi
R G. Dun & CO.-Commercia ad-
vices are such as to leave no doubt
as TO their meaning. and questfonings
OF tne senulneness of the business re-
WA steadily diminish as concrete
evidences of progress multiply. Much
OF the hesitation engendered by eco
nomic and political uncertainties has
oeen d1ssipated, and the prevailing
cconoltlon is no longer one of waiting
LOT a clearer insight into the future
pul rather OF a confident embarkine
upon important commitments With
IN recent weeks. the change Of senti-
ment mas been sharply manifested and
the reversal Of purchasing noIicv
Wnlch has resulted not alone demon,
strates the pressure of consumntive
requirements but also reflects a wider
acceptance Of the belief that high
prices are to continue and that tardv
buyers may later face a shortaoa of
merchandise. Scarcity Of supplies. in
1act, is now a. not uncommon feature
ana many manufacturing Interests
seeing order books already filled. are
Withdrawing statesmen from the road
ana are concentrating on making de-
limits. ''ii'e
Such situation marks a pronoun-
ced departure from the lulI in~actiy-
ltles that followed the armistice. and
not only are approximations of unem
ployment lessening as the rate of pro
auction rises, but reports of an actual
paucity OF skilled labor are becoming
mands for goods grow in magnitude
ana urgency. The propeIling forces
behind the present recovery are the
extraordinary domestic retail distri-
nutlon OF staple articles and luxuries.
IN some instances at prices eclipsine
previous nigh levels, and the depend
ence or Europe upon American mar
kets for many products needed in the
process of after-war rehabilitation
NO one section of the country. more
over, has monopoly on Improving
business and optimism is practicaIIy
general. while complaints of back
"ard collections are the exception.
and June promises to set another new
low monthly record in number OF CON.
mercial failures