New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-01-02
BY c. M. Muchnic.

BY c. M. Muchnic.
c. NJ. Muchnic, manager OF the foreign
department Of the American Locomotive
Company. was optimistic FOR the future.
ut is true" he said, that exports OF
large machinery and expensive products
generally are not as heavy az could be
desired. I believe, however. that before
July / there must be q general expansion
OF the export business.
THE money stringency must necessarily
relax, for indications are that conditions
are improving. The currency bill, think,
NAV cause a temporary tightening on ac-
count OF the transfer of money, but after
that business should be able 10 make use
of the large funds which are now tied up.
What is true of locomotives, however
does not apply 10 products Of more stand
ard demand. \ manufacturer or sewing
machines, for Instance. told me that his
exports were very heavy, and made up
50 per cent OF his output. This shows that
there is money for articles Of everyday
demand in Europe and South America, but
that the development Of enterprises and
the expansion OF the country have been
checked.
"The Gillian State Railways. for exam
pie, were in the market last August for
100 locomotives and about 1000 cars. They
withdrew their Inquiries but are now
coming back again. Similarly, the Ru-
manian State Lines, which asked for bids
several months ago for 50 locomotives and
withdrew their request, have placed an
order with us for immediate delivery Of
10i locomotives and about 1900 cars.
When a small country like Rumania can
spend that much money it means that
conditions are much better"
BY {. H. Van Ingen.
T.. Fl. Van Ingen, head Of l.. II. Van
Ingen & Co., importers and jobbers Of
woollens, looked with optimism on the
business of the American woollen manu-
facturer on account of the removal Of the
duty on raw woods. This business. he
thought, would be much built up by the
opportunity for a larger market through
out the world.
IF woods remain free Of duty for the
next three or kour years" he said,
American woolen goods will be sold in
almost every foreign country. The Amer
lean manufacturers, when they can buy
their wool free Of duty, will be able 10
compete with the foreign spinners who
must pay So per cent on manufactured
goods.
Through the fixed and restricted mar
ket in which they have had 10 sell the
domestic manufacturer has been handi-
capped for a long time. For periods Of
years they made large profits, but these
periods were followed by others OF equal
length in which the market was de-
pressed.
1t was a question OF supply and de-
mand. With the inducement Of heavy
gains, the spinner would work day and
night, until the market was overloaded
and the goods had TO be sold at a loss.
Then they all would shut down, or oper-
ate at half time. until the demand was
again larger than the supply and the
same rush for production would begin
again.
Now. with the world instead OF one
country in which to sell. the temporary
depression or overeXpanson will be bal
anced by opposite conditions in other
countries.
THE highest classes OF woollens have
not been made in this country because
the small demand would not pay the
manufactures for his initial cost OF pro-
duction. Now, however. he can make
as fine woollens as the English spinner.
for he is on basis where he can sell
in any market"