Omaha daily bee., 1922-02-20
Industry Revival
Seen by Lamont
mus. Exports
Opinion Thought to BE Based
on Belief That Foreign
Iurrencies Will Con.
iinue Rising.
BY HOLLAND

Although Thomas w. Lamont
gave no reasons Tor his prediction
that before this year ends. probably
soon after midsummer. the evidences
oi return oi industrial and com.
meFeial activity Nill be plentiful.
nevertheless his informal CONVERSE
ton with friends justifies the in-
ference that he based that prediction
upon facts similar 20 those which
have led the Department OF Com
meree at Washington 20 predict that
~ the present year considerably N
excess oi SS,00l,0O0.000 worth oi
American goods, both manufactured
aud raw material. will have been sold
and exported,
This report from the Department gf
Commerce would seem when compared
with the latest statement - the depart
meat shleh contains figures that -,
imports IN January, would be over
snthusissilr FOR tAs Washington aulhor,
.ss report that me eFRegg.s .d % az jsnpsTy az,
since August. 1915. has this Tow record
teen sanalled. Nearly $780, 900 u eHs
ports were reported In January of last
the exports 10 January of the present
year. This large discrepancy, however,
u Tn sFnAt measure explained ny the
decreased pfires fha quantity 9f cKs
ports vas. on the whole, a. large a. 10
any preceding January excepting onrH
~ twice m war days hut the prices
whlrh the commaditigr commanded were
IN some eases % per cent less than those
which prevailed year ago.
oth.r Countries Recovering.
'MF. Lamont IL thought to have based
his prediction IN nnrt upon his behrt
that foreign cuifeneleH VIII continue 70
r.s- and that foreign nations Will thereby
he able The more easily % secure funds
with which 10 pay for American products
In other words the foreign nations are
slowly but surely recovering, There are
other conditions. both at Rome and abroad
which have justified Mr.. Lamont In max
ing this prediction, Like reasons nave
Justified the Department OF Commerce in
saying that conditions generally are round
ing into shape in favor Of very large
expert trade in the United States this year,
The falling Off Of exports IN January "
attributed In part TO decreased prices nnt
on the whole these exports represent pnr,
chnses which were made In the United
States In the fall OF last year.
Bandits and Byea~t Shops.
Reports which comeN from many parts
ni the country not only from the larger
cities. but from the smaller towns, tel
OF depreciatians hy bandits who seem 10
he able to do ss they please by display
ing reyolvers and taking their booty anu
he pr.sident OF the New York Stock eS..
change Mr.. Cromwell, has recently reseaien
what seems 10 be wholesale method OF
extortinx money whereby those VINO CON
duct so-cslled bucket shops have taken I'M
properly, within year or Two propapy
as much ns $50. 100000 from customers
who had confidence In them. Aready
the grand jury OF New YORK cry ~ ID 20
consider charges made against these So
called bucket shop bandits with the proo-
ability that many indictments may oe
found. This pillage ~ not eohiineu W
New York city although the greater part
OF the transactions pass through the ioeai
bucket shops -
other methods of pilfering from the
putlic have been in vogue and the aggre-
vate OF the Improper gains reaches
figures which are enormous. and BESIDE
which the robheries OF bandits larse,as
they are. are triflng. II was stated ssea ~.
Gently by a menrher of congress that tne
farmer. Of the United States, espeeially
In the west and northwest, nave pesn
persuaded to buy various worthiess s.oon'
especIelly those which purported TO repre-
sen. oil properties, so that the asS.esa,1n T.,
Of these sales. most OF when resulted W
dead loss for the purchasers, mas reacneu
high In the millions. In carrier ua!s'
v,hrn gold mines were concentrating at
tsntion so many stocks purporting TO rep
resent gold mine properties OF great Nhl-
ue PASSED from the hands OF tne uae rnbIic
that at last when speculation OF TINS kinu
ended the estimate was made that WORTH,
less gold mining stocks had been passeu
over 10 innocent purchasers in an amount
which exceeded the aggregate value o.
All The gold produced from the mines on
ths United States. Apparently the Snls
difference between the bandits ana others
~ fnrc,hly and also persuasiyely get
money from their victims is the fact that
The bandits violate the law, at least IN
this state by carrying revoivers anu 80
-, IN. whole these are not more danger,
QUE than are some Of the persuasive ano
ylib apneals TO the public TO buy WORTH
less stock.