The Alaska citizen., 1915-02-15
Phone 26z Phone
PROSE ERITY EXPECTED.

n1OuS SHOuI the OIlitA SttttS lit ancial conditions have been disturbed on account of the shutting oil of exports to Europe. following the breaking out of the war in Europe but leading financial journals of the country are now predicting d great revival of prosperity
 It is anticipated that this revival of prosperity will come somewhat gradually, unless the war in Euroue should suddenly stop. in VI! icn case the effect would be a sudden stimu- Jus of all kinds of commerce an industry in this country.
 Speaking of the prospects for earlE revival of prosperity, the Wall Street Journal, one of the most conserva- tive financial journals in the cour try. has the following to say:
 The country is laying the founda- tion for prosperous times on an ab- solutely sound basis. How long i will take business to return to nor nal proportions is an open guess, DH with stocks of goods and prices very low in most lines, healthy buying movement ought not to be delayc' very long.
 Tn the West business is naturally relatively better than in the Eas' and South. With wheat a, the high est prices in years the farmers are feeling prosperous and they are eX ercising their increased purchasing power. which gives a fillip to busl- ness in the West which is absent in the East and South. But ad- vices from the South are more con fident than for several weeks pas In the East too, while there has volume of orders. the inquiry is bet ter and revival is shortly eXpee ed.
 The big uncertain factor now is the length of the European war. Any indication that peace was d nearby certainty would quickly break the ties which are hamperiA- business, but irrespective of this, the United States is expecting decidedly better things in the near future than 1t has seen for many months past
 The Boston News Bureau, anotheI conservative financial authority. also sees a new prosperity coming tals way. In a recent issue of that peri odical appeared the following edi torial:
 Tt is remarkable what a change has come about in financial and commercial quarters. General trade is readjustine itself to new condi tions. Europe is bound to owe us 6 tremendous amount of money before the war is over. Moreover she has not the usual amount of merchandise to send us. Consequently, if she has neither gold nor commodities to offer in offset, the settlement must be in either our own securities or her own.
 But viewed in any light our strong position is being all the time emphasized and our export trade i swelling so that our export balance is now at the rate of over S1 900, 900 900 a year
 The strength of cotton is a most surprising and encouraging feature It begins to look as if the corner in the staple had been turned and that the spinners' demands from now out would increase measurably
 "The security market holds stub bornly strong. Apparently advances invite purchases rather than sales But speculative activity is still held in check. People as a rule, have not yet the full courage of theii convictions This must come slowly and it will be best to have it so,
 Tt is not impossible that the whole world will begin to discount peace before long. There are no signs of anything of this sort at present but some shrewd students of events believe that the end will be as sud den as was the start"