Daily capital journal. (Salem, Oregon) 1903-1919, 1912-08-29
AN OPTIMISTIC OUTLOOK.

Dunns Review journal of finance and trade, published
weekly in New York in it's report of conditions for the week
ending August "a really publishes splendid editorial
and financial conditions that highly optimistic 1t says:
With prospects exceedingly brilliant with the principal
industries working TO full normal capacity with trade dsrbu
ton continuously expanding and with business sentiment be-
coming daily confident and buoyant the whole situation
both in fundamental conditions and in volume OF TRANSACTIONS
is better than it has been for years.
The problems not those Of depression but becoming
those of prosperity.
no longer shortage of orders but of capacity supply
demand and in some cases consumers offer premiums for
prompt delivery
shortage Of labor not alone in the wheat fields but in
Of the industries, is reported.
The railroads buying literally of supplies and placing
heavy advance orders there prospect of shortage Of
10 carry the traffic Of the country.
An actual shortage Of money has not been reached but
reefod demand for money to provide for business to move
the crops and TO finance enterprise and speculation be-
ginning to make an impression on rates for loans
1t is noticeable that merchants disposed to buy
freely for advance needs
High unsettled prices STILL however compicae conditions
in trades.
Although the dry goods trade is very attractive especially
the West South and Northwest yet there is considerable dspo
son in cotton goods to await more stability in the price Of
It is noteworthy that the outlook for large crop
improving with the continuance of better weather conditions
The shoe trade retarded by the continued high prices of
leather and hides.
From the iron and industry nothing but the a
vorabe reports forhcomng plants working to capac
M stocks Of pig iron bengedued and the demand by the
railroads and other is large and urgent.
Building operations active.
The copper market reflects the prevailing advancing state of
trade and the current of copper by Of the largest
sumerS IS SAID TO be the heaviest on record.
The hardware trade is pointing toward increased activity
Crop and weather reports indicate better cond
ons than disclosed by the latest government statements
Naturally the statistics of bank clearing reflect this general
advance in business activity the total this week shows gains of
1870 per cent over 1911 and Of 1872 per cent 1910
Railroad earnings in the first two weeks Of August in
creased ~ per cent over last year
In foreign the feature of the situation is the expan
sion in imports
At New York in the latest week the imports $9748
332 which nearly two millions greater than in 1911 and
one million than in 1910
Exports $9731,567 against $14306462 in 1911 and
$12106,336 in 1910
In finished materials of iron and steel most of the leading
plants are working close to capacity while the smaller
Germs are fully employed and the output would be larger
1t not for the shortage of labor.
Prices tend upward with the movement noticeable
East and West than in the Pittsburg district
In addition to the 100000 tons Of rails which have been
ported placed for next orders for 100000 tons
are reported to be pending.
The best reflection of the prevailing activity the steel mills
is the readiness of buyers to pay premiums for prompt dev
cry but many of the larger corporations opposed the
ceptance of this premium business believing that rapid ad
vance in quotations would initiate against the prosperous
ditons that now prevail.