The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1915-11-19

"iu O1HCIS' Assumption of dividend
or increases in regular disbursements
were announced by the Central Leath
er Co, General Development Co.
American Cotton Oil Co., and Others
we are becoming SO accustomed t.
good news concerning Americas com
mercial and industrial progress thai
we are beginning to take such state
ments as matter of course. TIL,
governments final crop report thi.
week is another important contribu,
ton to the literature of good tines
ms report gives the estimated corn
crop at 3,Oo0,OO0,0O0 bushels, a sub.
stantial addition to the October esti.
mate, and about equal to the record
crop of 1912. Final reports on al,
crops will be issued by the Depart.
ment of Agriculture on December Is
when it is confidently predicted that
the wheat harvest will exceed one bill
lion bushels, as compared with an
average during the past FIVE years oil
687, 100000 bushels.
The government statement of the
amount of cotton ginned out of the
1915 crop gives the total to November
| as 7,384,0O0 bales, compared with
$4,000 bales for the corresponding
date last season. AS the final crop
OF 1914 amounted to 1890, 900 bales,
however, there are still prospects thar
this years production will be we'll
above the average. Meanwhile, as
the South has this year given special
attention to the much-needed program
of diversifying of its crops, it un-
doubtedly is participating in the bene-
fits that farmers will receive from the
huge corn production this year,
Wall Street is already beginning to
tremble in anticipation of the reas-
sembling of congress next month
congress is always a bear factor in
the stock market, and this years ses-
sion, in view of our delicate interna-
tlonal situation, NAV offer many OBJ
Portunities for veal or woe insofar as
American business is concerned. 1t
is too much to expect that cratic
congressional discussions can be en-
tirely kept within bounds, though it is
TO be hoped that those who sympath-
lze with one or the other side in the
great European struggle will with
due propriety refrain from express
ing themselves on topics which are
irrelevant to the material progress of
the United States. 1t is extremely
fortunate that President Wilson has
not been hampered by congressional
interference in his attempt to solve
grave international problems, and it
Will be more fortunate if a minimum
OF such problems are offered for solu-
uon while congressional orators are
unreStrained.
American Trade and Commerce.
American haoEare
are becoming more and more con-
WINGED of the favored Commercial
position of the United States COM
pared with the other nations of the
world. While we deplore the des-
truction of Eurepe's material wealth
to say nothing of her prestige, it
would De unnatural to refuse the adj
yant+ges which this great war is
tthrusting upon our very shores. Thus
IN one short year the position of the
United States with respect TO En-
rope has been changed from debtor
to that of creditor. 1t is estimated
that we have made advances to Eu-
ooPean countries of nearly $1,OOO,OOO,- |
OOO, and the great demand for our
products over imports, so that the
excess of exports over imports for the |
=; Gao year ended June 80, 1915, was
and 1t is estimated that
Tor tor the next fiscal year ending June
~ ~ ISlo, such excuses will amount to |
$2,000,0000O0 Since January list we
nave nay, imported $685., 100000 in gold. |
When the war is over a very large
portion OF our exports, especially |
those resulting from the sale of mum |
itlon OF war, will be greatly curtailed, |
out IN compensation for such curt4il- |
mcnt there will be large increase in
our exports of foodstuffs aMd manu-
Iactured products. For a long time |
after the close of the war European
countries will still be dependent upon
the United. States for food, clothing
agricultural implements, and many of |
our other manufactured products. The
markets OF Germany. Austria and |
RUSSIA now practically closed will be
re-0pened, and these countries to-
gether with other European coun-
tries VIII be bare of goods and manu-
ldetured products, and to a certain
extent will be dependent upon our
country. Having made such large ad-
Vdhces during the European war, it
IS questionable whether the United
STATES Will be IN position to furnish
~ ATai OPCdH HdIlOnS al the
lose OF the war; indeed, it is to be
expected that we shall need our CAP
tai at home, as there will be a revival
ot many of our industries which have
been seriously affected and curtailed
'hrough the effect of the European
war. With such immense credits as
ne United States has accumulated il
Will be in position of a credit ma
iIon. for several years after the con-
'lusion of the war, and if necessary.
an DO what European countries dur
ng the past year have done and are
it'll doing, pay them in their own
,oin-that is. send home for sale in
heir markets the securities of Europ-
an governments as the European
lations are sending home American
securities for S2le in our markets. II
5 not to be expected that the United
states will become permanently