The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1910-04-04
BY w. G. SHEPHERD.

NEW YORK, April 4.-Dr. Arthur
Selwyn-Brown, student OF Wall-st and
American business. and lecturer on
economic subjects at New York and
Columbia universities. agrees with
James J. Hill, who says that this
country. before autumn arrives. win
be flooded with a prosperity that will
fairly swamp the railroads.
What is the most marked sign CT
prosperity you see now" asked DR..
Brown. during an interview.
The activity in steel. Business
moves in cycles. There Is a regular
period OF progress between panic
and a boom. Business invariably fol-
lows the same course After a period
OF depression the demand for steel and
iron products is always most urgent.
The iron market OF the United States
In the past few months have been very
active, and may exceed the records OF
1907.
After the movement In steel bust
ness men generally watch the move
ment in copper. Throughout last year
there was very large accumulation
OF copper. During the present year
stocks have been worked of. And at
present they amount to only about two
months consumI ton.
These two metals are satisfactory
barometers for the ordinary business
man, but business leaders look also 10
the crop and financial statistics in
edition 20 the metal market"
What are the prospects OF the crop
and the money outlook?"
Its a bit early TO form an accurate
opinion regarding the crops. Owing
20 the high prices that have been OBJ
tanned by farmers for several seasons
past there has been a great extension
IN acreage for all crops. Should We
get fairly normal weather conditions
the crops should turn out well; under
these conditions he crops. with con-
tinuance OF high prices, the country
viii benefit enormously in wealth,
which Will be used in prolonging the
loom.
With regard to money. IT has a
hardening tendency at the present
time in sympathy with similar ten
dency in Europe.
This condition will be overcome
this spring. and we should expect easy
money TO rule until the end OF the
year"
What effects have the political I'M
certainty at Washington. the conser-
vation discussion. the exposure OF po-
lltical graft in various parts OF the
country and the revealed misdoings
OF trusts on business?"
I'VE are cleaning up these sores and
are getting ready to start out new and
fresh. Their efforts are purely tenn
porary. Business Is not dependent
upon purely local conditions. The big
swings in business are worldwide IN
extent. We never find business In
healthy condition in an Isolated coun-
try. But, whenever business has been
booming In any specific country-say,
for instance. the United States-we
will find that similar conditions exist
IN all the leading countries associated
with the United States in international
trade.
"At the present moment. business
| in the far orient is rapidly revivins.
and the prospects are that there will
| oe a greater boom during the next TWO
or three years than the orient has
ever before witne ssed. India has had
4 succession OF good harvests. China
| is undertaking the construction Oh
very important public works through
cut the empire. japan is developing
Formosa, Manchuria and Korea on a
large scale. The rubber boom In Eng
land during the past six months has
led TO the formation OF large mum
Ger of new corporations TO grow rub
her in the East Indies, This. In turn
has led to a boom in land values In the
Indies and has greatly Increased
| business.
The result OF these movements VIII
be reflected in very great demand
for western goods The United States
will share with Europe in this increase
In trade end the effects OF this great
buying will override any depressing ef
fects OF local politics on trade IN the
United States"