New Britain herald., 1915-11-06

fic, Steel prices are advancing daily. and there is more danger of a steel famSe or runaway market than of anything else. Eastern railroads have more traffic than they can handle and both domestic ana foreign freight facilities are seriously con- gested. American shipbuilders arc exceedingly active, and yards are tlrning out vessels as rapidly as pos sible, eager to get share of the fabulous profits which foreign ship
 owners are now reaping; the war
 having caused downright ship fa- mine.
 Railroad Earning Increase.
 American railroads are showing 1 ings. particularly such lines as Penn
 sylvania, New York Central, New l Haven, Canadian Pacific and nearly all the Eastern lines, transcont1netal l roads and grain carriers. Bank clear 1 ings also afford eloquent proof of
 business activity, the total at all I principal cities last week being $4,- 1 551, 100000, which is S5 per cent. 1 ahead of the same week last year. NO l further proof of the sudden outpurst of business activity need be fur-
 nished. It has induced an a<tive de-
 mand for labor, and wage advances
 have been frequent wherever proht- able war contracts enabled shar- ing of profits with labor. These var
 ious comparisons are made with an
 abnormal year; but compared even
 with the year before the war current 1 activities are unsual and often record
 breaking.
 Market Outlook Promising. } As for the future of the market, the
 outlook is exceedingly promising
 aside from the war group which have
 largely if not fully discounted thei1 exaggerated and sometimes precariou } profits. American railroads ant American industrials are now enjoy ing well-earned turn of prosperit, after a prolonged period of painful 5 adversity. Some day we shall have XII to remodilize our business affairs on $t a peace basis, when exports and inl- a ports will return to more normal pro- portion; but that period is not yet
 within measurable distance.
 FlnduCldl SOAuIIlSbo ol V SCAA. cL hy J. satisfactory, Credit is sound; loaned $ funds are abundant; rates are easy; d gold imports since January 1 amount n to over $325, 100000; our banking re- z sources are $424, 100000 higher thai 'r any previous record investment de- is mand is good, and in spite of enor- I nous credits and note issues to Allies. iioe there are still available vast sums for st investment purposes. Bond sales in 5, October were nearly OO,0OO, O6t
 Speculation ha definitely turned to D., the railroads and better class of in lu dustrials, which are making larger a profits and whose dividend capacities sol are consequently being materially es strengthened. Additions to the divI- ld dend payers list are being made al he most daily. Thus far the advance in ns the railroads has been amply justl- erI fid and apparently has not yet reach odI ed it's climax. One more satisfac-
 tory indication of reviving enterprise n-l is the larger number of new charters nol aol reported in October. These amounted
 tc $266,00O,00O in princIpaI Easterl1 ur| cities, compared with $70,000,OO0 lr dol the same period year ago. After ,ee| all history is simply repeating itsel' pp,s in that all great wars are accompanied
 by rising prices and imitation. .. tse HENRY CLEWS