Whether jute is likely to go much higher than it is to-day, Ido not Know, but there are a few people New York who are making enough noise about it. These people declare that jute, which is now Found about $270 to $200 per ton, destined to go to unprecedented prices, and they are careful to add that this is just one more business trick of the wily London market in mutual evil with Calcutta, Jute they say, is being artificially boost-fed. (ea bleeding point, and what has happened with rubber will happen with jute. And the unfortu-hate American will have Because the United States does not produce anywhere near its domes-consumption of jute, the only Jcther market—or practically the only other market—Calcutta, has to be looked to, and a good deal of the business is naturally done through London.
And this perfidious Londoner, having before his greedy eyes the grow ing wealth of the rubber men, has now decided that he, too, will'play the same trick and achieve the same result. According to the tingees, the jute trade will have behind it all the diplomatic brains of the British Government, the same as the rubber trade hes been supposed to have, anid there is only one base obin view—to gouge dollars from the "American pul Wf this vere not #0 serious a malter, it ald be ridiculous. And it would utterly. gloriously, "pricelessly ridiculous in any other country than America. Here, however, the power of the jingo press iso. strong that overnight a national bias can created, and as the rush of Amerienn life does not allow. the rage man to do any thinking for himself upon such matters, he perforce takes as his own opinion 2 string of brawling lies manufactured for the express purpose of creating a sensation, Tt appears, however, thatthe real reason for the high price of Jute is that the world's requirements are approximately ten million bales, bat against this amount there available only eight million, With 20 per cent. shortage upon any commodity, it is a natural economic Jaw that prices must, rise. it doubt that by the time this gets to the printer's hands jute will have gone beyond the $300 mark, but it fs only natural that it should do All. the same, this idea of "reis a dangerous weapon, Mr. Coolidge's First Chanco a Leader Mr. Coolidge's first. opportunity for leadership in a matter of pa amount importance has come in connexion with the fate of the World Court protocol, "If the President is silent,", says one writer, "and allows the World Court Pro. tocol to one side until after the tax Dill is passed, the protocol stands good chance' of being put aside Tater in the session and possibly of voted upon until next Deeember. If the President speaks to his supporters on Capitol Hill and infists upon action now, he will get But the President clearly shows, as he han showed he docs not into the situation unless absolutely compelled to do 0.
The opponents of the bill want delay because they think they can rouse the country to opposition with more time in which to debate the issue. The defenders of the Court recognize that anything can be talk. ed to death, and that the World Court is no' exception. This mat er is just now offering ample ey dence of political intrigue. Mr. Coolidge by his inftzence with hi party and with the Democrats in this instance can indicate his de-
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