Show I SPECULATION RIFE DURING PRESENT ERA OF PROSPERITY I Millions of Dollars in Bets Placed on Presidential Presidential Election Are Indications of Price Rise in U S Industry and Fin Finance nce Bf rn HARDEN nusI IL cOLFA SpecIal Correspondent of ot The Examiner I StAndard Copyright 1924 by The Con mil I dated Press Association 1 1 W WASHINGTON t A Aut Aug UK 2 BY BYthe Bythe the th relatively ely simple process ot of changing ch price tag tags American in- in industry In Industry and finance base hae ha marked up their wares stares within the th past poat 60 days an estimated 2000 2000 to 4 H During that time the th enU enli-e enli o countr from tho I farmer to the tb Industrial magnate apparently has h s d into n a period of ot speculation lon secondary only to the inflation era er Immedi- Immedi Immediately toll following owing the war ivar Farmers are ar holding tb their lr me use Ih e estock stock lock wheat sheat and cotton expecting manufacturers 1110 bett better r prices marking up their products here and nd ther there notably In the tho case cae of ot 80 eral male makes of oC automobiles automobile and ana andare andare higher Iron andI I are r ready to go eo still sUIl and nd steel steal producers arc are taking orders at t pre present nt prices es for tor only a limited d period apparently so- so cur sc-cur cure In the conviction that Pr prices c ICS base loe reached the tho turn and soon still Kill rebound and vendors endor of ot tocks stocks and bonds aro are hailing the market as a ot r the th good old days da s that Sp I with a capital P T- T prosperity BET nar O ON BULLS nULLS The Th whole hole country agricultural and financial seems to b be betting on the tho th bull side ld of ot virtually all markets market Den I D en the r after atter 3 ear cars In the tho rags rago of pOl erty are arc bUth blithely IY leading the tock market Into new highs al es Liberty bonds bond are arc at the eme me im high blEh points point ever reached Money honey is s both bolh cheap and plentiful ful To find a parallel to th the present situation In a a p eld p election s ear it I Is necessary ary to togo toBO go back with Ith the single exception of lilt 1916 when hen the the- European war wa was accelerating all American in- in In Industry further than the memory of most mot II using Ing In oters As prices s rise the busing po power poster er of the tho dollar dotter on s sa a tl reflected d in the list ht cot cost ot of living figures ures made public b bithe the department of oC labor Vi h hen n those thoe figures sho showing Ing an on In- In increase In Increase cr crease ae st were tre re compiled hos ho's hoe e es or er the upswing up Ing of ot values had onlY started The neat n At sho Ing will cover tover a period when alien llen the trend wits WS In full Cull opel atlon and will silt show how It I is belle ed a surprising surprising- v lt h long Ion step UP upward ard In the cost of living OOL R Almost all the staples that go goon goon BOon on the table base haie risen In com om company com company pany with the prices of oC o heat corn and nd Hie hiso II 0 stock Meals teals are higher flour I Is much higher and the price of ot bread will sill rise ris soon oon n it Is thought In some somo localities If wheat heat prices sustain th their lr pre pres pres- pres present ent eit t tendency t nd ney The prices of ot cot cotton cot cot- cotton cotton ton has risen n ti n cents a pound three weeks and raw soot wool alu after aCter to their lowest est level since l base haie strengthened Ded and are still sWI a a tendency that still lt Ine bly Increase the cost cot of clothing It I is belle ed here bere rail Fall costs are ar tend tending In upward also o The coal industry is q almost in the th belief that it 35 0 come como to the th end of ot Its long dullness Prices are r hardening as aa business bulnes s better betler Sign Signs mul mul- multiply mui- mui multiply thit the steel trade has touched th the end of the tho th decline Indeed the th price of ot steel scrap hasI I tt rea one of o the most e 0 Ind indexes of values In the tho already ha has turned upward selling today at ot 1 1 a ton and beti better er over OYer oyer the tho prier ot of mid-July mid v Building construction alone shows a t tendency to continue Its decline and that 1 Is due It is be- be believed be believed here to t two tao 0 factors factor The first Is the belief belleC tamed onto by manY In the th Industry that the country Is beginning to catch up somewhat with Its buildIng pro pro- program program pro gram The Tho second Is IB pur purely ly sea m-a- s a- a sonai onal One expects a s decline as fall Call approaches Of or the 2000 to 4 4 In values record record- r recorded recorded cord cord- corded ed In the th past two month months p- p p proximately p-proximately proximately proxImate halt It Is estimated has been registered by securities ll listed ted on the New York Tork exchange One of the th leading trade trad review review- reviewers ers era places the rise rl In iii stock alone at more than two billion that period Bond Bonds also 1110 oli olie base Iao e ri risen n to much hither figures figure th n early In the tho e ear r but no measure of ot the total has been at- at attempted attempted at attempted tempted The Th remaining half hult of ot the gen gen- gen general eral ern anee ad has gone Kone It Is osti- osti estimated esti estimated mated meted to the tho th farmer tho the manu manu- manufacturer manufacturers the mine op operator the automobile mal maker er the tho th silk manu manu- manufacturer manufacturer r the rubber producer r anti and to other producers producer and sellers of o staples PROPERTY TY RT Government specialists hero here her re- re regard r card Jard gard tIa thio ad advances as an expression expression sion slon of a s general belief beliet that bet bet- better bet better ter times are at t hand Iland 10 lo some somo tent et nt ho howe 1 1 ei the advances advance s are aro regarded aa as P psychological Wall Wallstreet street houe houses s which will sill handle in b bets bet ts on tho the results of the pr presidential ld election have sounded the tho ke note it Is thought of which exists exist In In- In In Industrial circles a lIS as well sell ll as political political political cal The t tendency nd to b bel l hether on tile the election the tho th stock market tue tho prices price of wheat sheat heat corn COtil and cot cot- cotton cotton cot cotton ton or ho he likelihood 1 oC ot higher r prices of ot Industrial Is products product greater now than it has been boon for some time It will become even Iven stronger with the th app of off f hi it is thought bv by many hero bre and sharp fluctuations are looked for Cor as th the fe fever feser er rises and falls talis |