The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1914-01-12
GOOD OUTLOOK
FOR THE FUTURE
More Confident Spirit in Com.
mercial Circles Says CIews

In commercial circles there is a
more confident spirit which though
not yet resulting in any larger vol
umC of business bodies well for the
future, saws Henry Clcws. Trade con-
ditlons are known with few exceptions
To be generally sound. because of the
conservative policy of the past year or
so. There has been no oyer-produc-
ton of merchandise and OVERRIDING
in speculation outside of real estate.
As previously stated i'm these adyices,
the United States is in a better posi-
ton than any other country in the !
world to lead a trade reyival-Great !
Britain and Germany still being in the /
sloUing-down stage IN important /
and very encouraging feature is that
President Wilson is known To bee
strongly in favor of giving business a
chance 20 recover and now that So
much has been accomplished i'm the di-
rection of tariff currency and trusts
he is strongly inclined tc curb unncc-
essary new legislation aud give BUSH
1913 '''' - N''Ail II N.AialN tlf'AlN hbl I
vCcuperatiou His forthcoming anti
trust message viii Ice anXiously await +,
ed in order 10 see IL such expectations |
are sustained. I'm the textile trades
Improvement is already noticeable.
There rs NOR" activity in cotton goods
and distributors shelves are So bare O.
of stock that good buying will be nee ''
tn
prosperous west and south Last Years %
fun harvest and good prices have uu-
quesilunahly saved those SCI iuus OF "
the country from the depression which
for the last six months has been So
severe in the east. In the steel trade
there are symptoms of having turned co
the corner. Some liberal orders have p'
been placed during the last few days 81
Tor finished steel and rails As Yet the Is
railroads have not entered the marke. In
with any freedom for well known 81
reasons.
The outlook Tor the market is for es
greater activity and i'm the long run gl'
Tor better and improving prices. An It's
Encouraging sign was the widening co
market for high-grade bonds, which II
InqucStiuuaby offer many induce hr
neuts To investors. Tho january in ten
.cstment demand has not set fully cd
developed, Tor the reason that buyers sm
.ro often slow in changing from an ~
altitude of timidity to one of cuua-
Iencr. There is also fair demand
or short term notes. this class of in
estmcW StIl having a wide popular All
~. large amount Of these viii ma
lre during the present year and j
'ust of course bo extended or refund cnr
d. There has been some talk Of gold tur
>purts. owing To the advance i'm ster- apa
NJ rates, but there rs nothing in pro
ght to produce ucasness. This p,f
'uHtE has plenty Of gold to spare. ~,
I late our exports OF merchandise don
iF" tended TO decrease. and our i'm ya,
'ris 10 Increase. especially under the ,aa
p" iarlh which is bound 10 have an On
iert upon our inferno tioual trade Won
uah'r Remittaucoe To- Europe have tal
ZEN heavy on account Of January T.,
s'urscmcu's. and Europe has been .r,.,
turning considerable e. our sccuri- nam.
's, chiefly u the form of short-tcrm ,qia
'I'... The European markets are. ,
'rroNcr lirhio lo SHOCK. from India. the
AN. Canada and Mexico. but these don,
ouid not have amy lasting effect conn
on this market. The discouraging ,,ur
licences of the week were the large CON,
r"tse in idle cars. tho decrease in conn
.... '''.'''-'' an "nia'orable for
'p"r statement and poor railroad crs
'nioe# eut these were to Doe expect ,r d.,
after tho sharp contraction of trade com.
The end OF the year. M