The Bridgeport times and evening farmer., 1920-09-22

New York, Sept. 22-F'urther de-
velopment of the troubled situation in
Italy hardly seems to hold out any
encoura cement for the restoration of
country at an early date. Simultan-
eously the prospects of further diff
culties with English labor. com bined
with an aggravation of the Irish stu
alton, have discouraged some who
had been confident of a steady i'm
provement in British economic pros
poets. In spite of these difficulties
exchange quotations despite depres-
sion have held up better than ex
pected during the past week and pub
lie men both in Europe and the United
States have expressed the opinion that
there is good reason to look for an
i'm approving state of affairs across the
Atlantic. Opinion in France has I'M
doubtedly been helped by the success
of the French loan in the United
States and there is evidence of con-
tinued growth in economic power in
that country.
Political and Economic Prospects.
The outcome of the Maine election
announced on Tuesday last undoubt-
eddy had an effect in improving the
attitude of the stock market. There
is a prevailing belief that the success
of Senator Harding will tend to brin g
about a revival in prices. This is
partly based on the opinion that Mr..
Harding will vigorously undertake
the revision of our income and excess
profits taxes, a reform which is more
and more earnestly demanded by bus
mess interests of. every description.
Favorable market attention has also
been given to the speech of Mr.. Hard
ing in which a moderate immigra-
ton restriction position was adopted,
this being considered to be in the in
terest of a maintenance of existing in
dustrial conditions. While utterances
of Governor Cox are looked upon in
some cases as rather more radical
| than had been expected there has
been little in what he has said that
need cause anxiety among sound
any evidence that the looser discussion
| of inf1atio and prices which has fig
| ured in the campaign thus far has
| originated very positively with the
| candidates on either side. 1t would
seem to have been put forward in the
| effort to obtain more material for dis
| satisfying the electorate with the cost
! of living thereby creating fresh issues
| No prospect of early banking or inan-
| cial legislation appears to be held out
| by either side so far as can be ascer-
| tanned, beyond perhaps limited
amendment of existing law for the
| purpose of improving technical fea-
| lures.
Domestic Industrial Outlook.
! The labor situation which has beer
| so troublesome in European countries
| has also shown some symptoms of 6
| parallel unrest in the United States
| The traction strike in Brooklyn ha:
| apparently reached an almost irrecon
| cilable stage, although the company
| has succeeded in rendering an i'm
| proving service and has held it's owl
| well against obstacles of every kind
| Elsewhere there have been symptom:
of disturbance. although the actor
| of the American Federation of Labor
in voting not to interfere with the
cor ditions in the steel industry show!
| that the organization recognizes the
unwisdom of running directly eounte
| to public opinion, especially at {
time when the activity of the business
is on a somewhat lower level thai
| heretofore. The fact announced b.
| the United States Bureau of Labo
that the supply and demand of 1abo
throughout the country are practi
cally equal and that there is a goo
reason to think, that work can be hat
by any one who is capable of it ha
done much to prevent the advent o
l1abor controversies which would 9th
erwise have been unavoidable. Re
sum ption of work in a number of in