Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1914-04-03
BUSINESS IS HOPEFUL

he financial community is still in state Of
hopeful expectancy, writes Henry Cews. the
New York banker in has current weekly financial
review and he continues. No little dlsappoint-
mcni exists thu, the market has not shown greater
strength yet It mus, he remembered that we arc
passing through a period OF trade depression and
industrial rcadjuslment which Is worldwide and
not by any means confined TO the United States.
We are inevitably in ono OF those periods OF econ
omc rccaton 10 which We must adjust ourselves
whether like It not. and which are best met
by candid appreciation. OF the facts II oi course
essary to deal with the past OF with the
leading To- present reaction, but a survey OF the
present situation at home contains both SOLDERING
and encouraging features.
The great transportation interests OF the coun-
try arc still paralylcd by ndecision OF the interstate
commerce commission regarding advance OF
rates, by the uninendly attitude OF congress, by
the losses inflicted through severe weather and by
general trade suggishness The steel industry is
suffering from a continuous lack OF orders. due
chiefly to financial inability OF the railroads, and
10 the general trade slackness The United State.
Steel corporation failed To earn its entire dividend
n the last quarter OF 70 ;, and there is good rca
con TO believe that the full dividend will be un-
earned during the current quarter. The great tex
lie industries are also feeling recatonary tenden
20 unemployment among the masses and the gen
,ral necessity for economy Our cotton mills are
still facing serious problems owing to declining
prices Tor fabrics relatively high prices for raw
material and umbngs OF .csh demands for high
er wages from labor The wooden industry Is OK
cecdngly spotty A few mills which boldly met
he conditions arising from tariff changes by sharp
reduction N prices secured plenty OF orders and
have been dong a satisfactory business. Those
who hcsitaled to II IKE tho plunge are feeling the
pinch OF circumstances and more than 20 per cen,
OF our looms arc still Idle Copper producers have
had a hard ycar bat lately seem to have been do
lug better The sugar industry j. IN a similar po
sl,ion The rubber industry Is also doing a larger
business altcI a period of severe contraction. The
tobacco industry has iclt the effect OF disruption
and increased competition. but is nevertheless CIV
ing q good account of itself The boot and shoe
industry slowed down cor. 'dcrably, nevertheless
the Central Leather company is doing a very salts
factory trade MI OF the oil companies have been
doing q tremendous business and making unusua
profits owing OF course To the great expansion 10
the uses OF petroleum Our fertilizer companies
arc expecting a good year. he agricultural i'm
plcmcnt concerns have not done well some having
manufactured an oversuppy while others arc ov
croadcd with a mass OF farmers notes which are
not BEN gmet rapidly al expected The rea
estate business : anything bu, satisfactory for rea
sons already well understood The Febuar,
buildings returns for 30 cities reported prospective
OUTLAWS OF over $4,000 600 compared with ovel
500 600. 900 a year ago. In Greater New York
the total for the month was only $500 900 thu,
year. against $ 900 600 year ago.