Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-06-04
FINDS MANY INDICATIONS
OF IMPROVING BUSINESS
american National Bank Makes Care.
full Analysis OF Trade
Situation.
EFFECT OF BIG WAR ORDERS
Exports Have Increased Enormously,
and Will Make Still Further In
crease-Crop Conditions Are Most
Promising.

The American National Bank. in it's
general letter on trade conditions for
the month of June, finds much to indi-
cate improving conditions in business.
The best business conditions are found
through the Central West, and the poor
est conditions In the Southeast and on
the Atlantic Coast from New York to
Florida.
Were 1t possible for America TO de-
liver to Europe all Of the goods, sup
plies and commodities purchased or
ordered Immediately. this country. by
such action. says the letter. would be
plunged into a period OF almost UNI
bounded property. Orders on hand and
unhiied for goods to be shipped abroad
are estimated By various authorities
all the way from a billion to a billion
ana one-half dollars In value. Nat
urHlly. the sale of this quantity Of
goods and commodities and the bring
ing OF this much money or credit into
THIS country would stimulate local or
nome demands TO just that amount
! some or these European orders will
!ake months to NIL, and this country is
just now beginning TO feel the COM
mercial effects and benefits of the Eu-
ropean war These benefits will in
crease as the weeks pass. and faster
than they have been increasing. be-
cause plants are rapidly adding to their
facilities.
MANUFACTURERS FEEL
EFFECT OF WAR ORDERS
The export trade. commonly referred
to nowadays as war orders,' means
approximately that the same amount
or domestic trade will Immediately fol-
! low IT, says the letter. I'VE are even
now beginning to feel considerable
growth in domestic demand which can
reasonably be depended upon to a
steady Increase" AS an example, the
trade letter sets forth that one large
manufactures has increased his bust
ness about 25 per cent. although he
has accepted no war orders
Bank clearinEs for the month OF April
increased nearly l per cent over the
same month last year-and this was in
the face Of the fact that the establish
ment OF the/ Federal reserve banks,
which would make a material reduction
in the showing of bank clearings be-
cause OF the new method of clearing in
the Federal reserve cities. Business
failures were slightly more numerous
than last year, but were less than for
the month Of March of this year. New
securities issued By large corporations
in April show an increase Of more than
s93, 900 as compared with March
Approximately one-half OF these securi-
ties cover maturities. the remaining
portion representing new issues
EXPORTS SHOW ENORMOUS
INCREASE OVER LAST YEAR
Goods exported during the month Of
March were valued at s29o,ooO.00O, as
compared with slS7.00o,0o0 the same
month last year. while imports de-
creased considerably. On building ope-
rations. the letter says. the April show
ing is very encouraging, and. aside
from the strike conditions in Chica go,
which have completely tied up building
operations In that city. there is good
promise OF increased activity through
out the country during the next few
weeks.
Crop conditions are most promising.
although too much moisture in the
Southwest. too little in the Southeast
and too much cold weather in the
North have done considerable injury
in the various sections. The wheat
crop is estimated at approximately 400
100000 bushels. The national situation
ia king all crops and sections into con-
sideration as unit has probably never
been better, saws the letter