The Bridgeport times and evening farmer., 1919-08-26
I. |. WATSON'S
 WEEKLY LETTER

Liquidation of highly speculative in a better technical condition and automatically improved the money situation, so that recovery opera tions are to be expected. While the argument over the peace treaty in the Senate, the living cost agitation and foreign exchange unsettlement will probably continue to inspire eau ton, latest developments zuggest that buying opportunities on declines may be more confidently embraced for trading profits. It is reported that good buying is taking place in leading oils, equipments, railroad issues like Sou thern Pacific and U. s. Eteel.
 President Gompers of the American Federation of Labor has been quot ed both for and against the national ization of our railroads. A definite statement is expected from him on his return from abroad. It is stated in labor circles that more industries are affected by strikes in New York than at any time in the history of the unions, and include these trades: painters, plasterers, machinists, car penters, gas companies, cigar-mak- CTS, shoe-workers, shirt makers, fur riers, bed makers, umbrella and art lamp workers. It is said 120,000 ci- gar-makers are on strike.
 The union steel workers vote a national strike for higher wages, shorter hours and union recognition. It may be significant that the manu- lecturers are showing little concern in this connection. No class of employ CTS is better fitted to handle the situ- alton. Public Service Commissioner Nixon and Judge Mayer of New York are to be praised for their firm stand on labor matters. MT. Nixon says. Ut is my desire to impress up on the minds of labor leaders that their demands can only react unfav- orably where concessions have been made to the very limit" Western writers say that the railway Erother- hood plan for the railways means nothing but taxation of every la- borer, artisan, farmer and profession. al man for the benefit of railway operators"
 Government financial advisors are discussing the extension of loans to the Allied nations. The inquiry for copper metal is better. We regard the new preferred stock of the Stan- dard oil Co. of New Jersey as an eX- cellent investment. The .. s. Navy is said to have threatened to seize oil refineries on the Pacific Coast ow- ing to refusal of companies to deliver on what are characterized as confis- catory terms. Such an act would be a blow at civil rights that can not gC unchallenged.
 The New York subways and ''L' systems were tied up Sunday and Monday by a strike, which was set tied by compromise and wage ad- vance. President Wilson's conference with Senators developed no objection E by him to peace treaty ''reservations except that he opposes their 1ncorpor- ation in the ratification. Many mem bers of the upper house believe they would be of little avail otherwise. To our regret the daylight saving law has been repealed by the House and the Senate over the Presidents veto Sterling exchange has become demor- aIized, breaking to low record fig ures, and unsettling international fin ance. Sir George Paish, British ex- pert, suggests international co-opera- tion for the credit situation, urgfna a five billion joint loan. Railroad trainmen now get S392 monthly as against S333 received by state gov ernors Shoeworkers are said to be getting as much as S12O weekly.