The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1927-08-01
The Stock Market Responds to Geneva.

Half hundred separate issues of investment stocks have
reached their best prices Of the the market For the
third day the market at the close Of the week witnessed the
of than two million shares With such velocity
moving that the close presented beWderng
acle When the market closed and the movement analysed
it presented interesting and instructive well frlghtfuy
ominous developments.
The cause this rapid yrockeng of stocks
is not to be found in any present streak of prosperity in
country solely speculative certain
kinds of stoc-STOCK IN WAR INDUSTRIES This dealing
futures due the collapse of the Geneva naval conference
what might correctly be called conference The
disagreement between the United States and Britain
strength naval cruisers and the breakdown of the Geneva
conference the signal for the ambitious competition in
ornaments the world has yet witnessed This competition will
be limited cruisers but will be extended include every
destruction The orders for plate battle
ships Will mount to millions OF dollars the manufacturers OF high
concentrated explosives will work time the chemical indus
tries will produce deadly and perfect its deva
ating liquid fire, manufacturing industries will
millions of bech forth the message Imperialism
thousand battefeds in part of the nhabtabe globe
At this moment the mperat and their
wagng against the Chinese revolution and consprng
wage against the Soviet Union which outpost
of the world revolution and the formidable of
perasm But at the same time Britain and the United States
and their vassa nations predatory against the
workers and of the colonial and semcoona countries
they strive for supremacy against each other This policy
inevitably lead to an conflict between them When they
longer carry their mperast ambitions through diplomatic
tricks the fight will break forth with the elemental violence
rghtful preparation the conflict
the industries will work full blast the stocks those
will continue higher The muniton prof
iteer visions of mountains Of godbood moneyowng
determined stand of the British against
promise at Geneva there in America the merging United
States Steel the E. l. u Pon de Nemour ammunition
the General Motors the manpulators of this
also heavy stockholders chemical
This is 100 per cent combination 1t will be recalled that
two Ebert H Gary head the steel initiated
the of reoganzng the great industrial plants
nation that they could be changed peace
to basis within forteght hours General Motors accepted
the proposals. did also Henry Ford the powder
ways a basis.
Fridays rise in the market indicative
he fact that the have drawn the proper conclusions
for their class from the fiasco at Geneva
1t the working class to draw conclusions and pre-
for the most determined fight against these conspraces
against We cannot effectively oppose by pacs
warnings by longing for in world in which there yet
mains too much that be destroyed by blood and fire We
must to fight against by creating organizations that
will make it impossible for the cOnsprator carry their
dastady conspraces against Thirteen years the world
plunged into the last world by the conflicting imperial
of Europe Today face another situation and
the imperative duty of revouons and casscon
scous worker to help organize for the fight with every weapon
at hand that devised against the mpest class
OF his country in order to weaken and possible cripple them
that they cannot enter into the for another world