Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1914-12-02
U. S. HAS 100000
ORDERS FROM EUROPE
Warning Nations Are Fl ooding The
Factories of This Country
With Business.

Washington, Nov. 31.--Officials of
the various government departments
which touch the country's BUSINESS
activities feel confident that the most
serious effects of the European war
on American business have passed.
The restoration of the credit balance
with Europe has greatly eased the
situation, the increasing demand
from Europe for American food sup
plies and also the sudden develop
ment of an abnormal trade in articles
needed by the huge armies now in
the field aiding to that end.
NEW ORDERS PLENTIFUL.
No accurate figures on the con-
tracts of the latter character are OBJ
tainable but orders for horses, mules,
army clothing, harness and the like
have flooded factories and stockmen
in some districts. 1t is said that in
Guiding ammunition orders, this bust
ness reaches the huge total of more
than 5000, 100000. In several lines
factories are straining to highest
capacity to meet the demands.
Other factors which have aided in
clearing up the situation are the
opening of the federal bank system,
upon which business experts look as
the backbone of the country's re-
sources. The opening of the Panama
canal, which has already increased
freight traffic to the west coast of
South America and the entry of a
number of foreign built ships into
American registry under the emer-
gency law passed at the last session
of congress.
BETTER TIMES AT HAND
Secretary Redfeld has written the
following letter to the Chamber of
Commerce of the United States:
There is always room in a country
as large as ours, and with such vari
Gus conditions as exist in its different
portions, for the pessimist to find
some hook on which he can hang his
mournful prophecies. One need not
react to the other extreme and ex-
claim that the special prosperity of
one is an indication of equally good
conditions everywhere. The truth
lies between, but no observer of the
large movements in our commerce
today fails to recognize the great i'm
provement that has been made in
business conditions within the last few
weeks, and which is still progress
ing. The payment of our foreign
obligations, is no longer cause for
serious worry since an import excess
of $4,000, 200 in August has
changed to export excess of approx
mately $50, 900, 900 in October.
MONEY MARKET EASIER.
"This favorable process continues,
and there is every indication that it
is likely to continue long. The de-
felt in our bank reserves in New
York, which was as low as $40, 0OO,-
900 in August, rose to surplus re
serve early this month of nearly
$18, 100000. The course of ex-
change has become more normal.
Clearing house certificates are being
retired. Large sums of emergency
notes have been withdrawn and with
the opening of the federal reserve
system great additional supplies of
loanable funds have become available.
There is no longer serious concern
over our financial future.
TRADE BALANCE FAvORS U. S.
Reports at the ten principal ports,
which do about 80 per cent of the
export business of the country, for
the week ending Nov. IA, were
SAT, 5S7, $50, leaving a trade bal
ance for that period in favor of the
United States, of $21, 876, 342.
The total favorable balance for the
first half of November at those ports,
was $50, 1872, 214. Imports at those
ports aggregated $25, ITO, 988 accord
ing to official reports to the depart
ment of commerce.