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Show I'. 00 WHAT IS THE OUTLOOK? U Henry Clews In sizing up The business busi-ness and industrial situation says-) says-) j jl'i '"Financial condition during the past weok have been unusually confuted 1 and uncertain. Both in domestic and I foreign politics, conditions havo been ' furh as to produce uncertainty if not anxiety. In the United States the uu j satisfactory prospects of the peace I treaty, the evidently deiirate condition j of the president's health, and the ixek of clear-cut political alignment In on gress have been disturbing faofrs. Abroad the continued political un.epr i in Europe and the Blownesi with which readjustments have occurred under the peace treaty, as well the evid .it BOCiSl and economic unsettlement. h;.ve - rested re-sted a situation very similar to that existing here Conditions have not boon entlrel) dependent upon vague or general re-poit. re-poit. The labor situation has on some days presented hopeful features and on others seems to be growing worse of the steel strike and the conclusion I of what threatened to be a BoriOUfl port I "Hike in New York have been hopeful factors Offsetting these hno been the apparent growth of the ares of the industrial disturbance In nrinus p.irts of the country, the total number of strikes which havo been called and the aggregate number of men mnled, notwithstanding the existing hiUi level of wages, is sufficient to cause and has, in fact, produced nnxlet of the most serious descrip.lon. It Is the opin Ion of ninny careful observers that the labor situation will be disturbed lor some time to come and that no conclusive con-clusive adjustment of it can be r.nd pending some more positho settlement of the price situation Adv.- noes in wages do no good to the worko if tney are offset as fast as grante i by advancement ad-vancement in prices. It is being more and more recognized that the settlement settle-ment of the price problem Is practically practical-ly essential to the adjustment of labor i relationships. "Money conditions during tr.o woek have been dominant in thei importance. impor-tance. Call rates have been as high ns 15 per cent and have lately ruled around 8 to 10 per cent There has been a growth in the volume of rediscounts redis-counts at federal reserve banks and an apparent disposition on the part of j some member banKs to try to mke money by taking advantage of the s tu atlon growing out of a high mil rate parallelled by a low rate for loans col-lateralled col-lateralled by government oblmati ns What with the Industrial disturbances, the uncertainty of tho political situation situa-tion and the anxietv growing out of money conditions, it is not sirange that there have been wide ftuc'ua-tions ftuc'ua-tions in stock value. ' oo |