New Britain herald., 1914-07-11
WILSON'S ATTITUDE
 ! AID 10 BUSINESS
White House Conferences Will
 Produce Important Results.
Special to the Herald.)

nicst encouraging development was
 tho July crop report of the depart
 rnent of agriculture. This report in-
 dicates a crop of fully 930,000,000
 bushels of wheat, against 760, 100000
 bushels year ago: a crop of 2,S6S,-
 00o,000 bushels of corn, as against
 cs446, 900. 900 bushels a year ago; crop of oats of 1900, 100000 bushels, compared with 1.122,000,0 900 bushels kyear ago. The estimated farm value of the wheat crop is placed at $700,- 000. .00O; corn over $2,000, 000,O00. and oats over $400, 100000. These amounts Of course represent only portion of ! tho total agricultural products of the ccnntry, which this year are expected
 to reach a. value of fully $10,00O,000.-
 900.
 Effect on Business.
 aThe creation of so large an amount of.new wealth must inevitably have stimulating effect upon general business. This fact is particularly
 realized in the western or agricultural
 states, where the feeling Is univer-
 sally optimistic Western railroads ore busily preparing to handle the
 vast traffic which this will create; and there is already a pleasing diminution in the number of idle cars, which de- creased more than 10000 during the month of June. There Is also some Improvement in the steel trade. re-
 sulting from freer placing of orders for trolling stock, although that in-
 Justrysi is still in a very depressed con- ! dition. Tn the building trade there Is 1 n partial resumption of activity fol- lowing the late acute reaction. The June record of failures shows de- icrease in number, and there would have been a satisfactory reduction of
 the liabilities had it not been for the Claflin failure, which is still an ad-
 verse element in the dry goods situa-s T tor. Prices have been unsettled, and
 public sale has been ordered; but
 July is usually month for clearing
 sales in the dry goods trade: so this x tendency should not be regarded too
 seriously. The drygoods trade is, of
 course, feeling the effects of general depression at, the distributing end, and | high prices for raw material and labor at the manufacturers end. An added element of uncertainty Is the { new tariff, which is admitting
 woolen fabrics and fancy cotton goods much more freely than when 1t first
 went into operation. The steel trade 1 thus far has not been materially af fected by the new duties. Tho oruntry already exports far more steel products than it imports, and isHnot iux~any serious danger from the new b schedule although lower prices abroad would probably admit moder- ate quantities of certain products in the seaboard markets of the United States.
 Mexican Problem Disappearing. | It ( appearing as a stock market influence; ' the probability of American interven-
 tioh having almost reached the vanish ing point. Huerta is evidently weary of playing a losing game; and, if all reports be true, the prospects are for early peace in that unhappy country. DConditions in Northern Mexico are | much more settled, and 1t is significant | that the American Smelting and Re-
 lining company is about to open it's
 plaRts in that section.
 One of the most encouraging de-
 developments of the week was the frank Zchange of attitude by President Wilson toward big business. The presidents courageous announcement of his be- lief that "the vast majority of men connected with what we have come to |calf big business are honest. incor- ruptible and patriotic" is a welcome
 acknowledgment of what every sane, iEt telligent and fair-minded business E1an knows to be true. There are
 rogues in every profession and big
 business has not been free of its mis-
 deeds and unsound policies. The silly assumption. however, that every suc- ccssful business man is a "malefactor," Ian assumption which has been very
 popular with certain class of people, has done great harm to the country;
 and MT. Wilson has performed a dis l tinct national service by contradicting this popular obsession. Thus far the
 stock market has been slow to re-
 spond to these favorable influences I5The disposition appears to be to hold | the delay of the interstate commerce complission responsible. Unquestion- ] kably that is an important factor, but Hts importance is probably overesti-
 hated. It is doubtful if the commits sion will grant the full request of the Arailroads. A compromised verdict is
 most likely. Lack of Confidence
 The main reason for stock market l
 iuertia has been lack of confidence, and this lack of confidence must be primarily attributed to the industrial l and financial reaction which started 1 with the Balkan war and has spread l I over the entire world. This is the I pri1ne cause of present conditions l which our politicians have aggravated | rrstffer than softened.
 No Ordinary Occasion.
 With such weak stocks as Missouri Pacific, Denver, New Haven and Cf1esapeake & Ohio it was only Enotura, that the balance of the list rshould display hesitation. Indeed, 1t ir surprising that the market showed xuch sustaining power. The almost Efnft,l eclinsa nf Rock Island San