The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1914-08-21
Ardmore, Friday August p, 1914
THE OUTLOOK FOR TRADE.

THE OUTLOOK FOR TRADE.
Secretary Of the Treasury McAdoo
has made an interesting statement,
which was published yesterday in
dispatch from Washington concern
ing the amount Of wheat which is on
cars ready for export. In round num-
bers there are fifty millions Of bush
els ready for export; one half of this
amount is in Galveston fifteen mill
ions are in New Orleans. and the
rest is divided between New York
and Boston. Report was also made
that vessels are being loaded at New
Orleans, but so far no clearances
have been made from Galveston
In this connection il may be sig
nificant Of move being made to load
vessels in Galveston as forty of the
cars which have been on the siding
in this city have been ordered to
Galveston. At all division points on
the Santa Fe from Kansas to Calves
ton there have been standing since
the first of the month many cars of
grain, and at other larger towns along
the line that are not division points
many cars have been left. The order
ing Of the cars from here may mean
that arrangements have been made,
or are at least expected within few
days, that will result in resumption
of the export wheat trade
Conditions are such right now that
trade experts can only guess at what
will be the outcome, but 1t seems
reasonable that the export trade of
this country will not be hampered to
a degree that trade will be ruinec
here. 1t is very reasonable to pre-
sumo that none OF the nations now
at war will want this government
at war with them. They have their
hands full, and for that reason it may
be accepted that none of the warning
nations will hasten to capture our
ships In the meantime the United
States will Of course be careful not
to violate any Of the neutrality laws
and will itself use all diligence in
keeping out OF trouble The rules
governing neutral nations may be
our greatest trade handicap.
Other press dispatches say that
England wants our trade, and is ready
for US 10 send our vessels laden
with cargoes.
The French people today are puz-
zling over the necessity OF finding
employment for its people who are
not at the front This can be taken |
TO mean that the mills of France will |
be in operation unless they are de-
stroyed by hostile invading armies
IT. is reasonable to presume that
the shores Of England will not be
invaded by hostile troops and the
mills there will remain in operation.
This country will get the South
American trade for the reason that
the European nations who have CON
trolied that trade heretofore will be
unable to take care of it this season.
Canadian cotton buyers are here.
and state that they are in the market
10 buy cotton. While it is expected
that the price will be lower than it
ought 10 be. yet there promises to
be a market for the staple.
II the farmers crowd their cotton
upon an unwilling market the price
will 20 lower.
There will be some risk in the
handling OF cotton and It is certain
that the farmers will have TO carry
the risk by being forced to sell at
a lower price.
It is improbable that local banks
in the cotton country this year will
finance a number OF small buyers, as
they have been in the habit Of doing
in the past, and there will be- fewer
bidders for cotton.
The cotton farmer ough. 30 seek
the advice Of his banker this fall
in disposing Of his cotton. The bank
er who is in close touch with financial
conditions is in better shape to give
advice than anyone else.