Bryan daily eagle and pilot. [volume] (Bryan, Tex.) 1909-1918, 1915-03-22
AMERICAS TRADE EXPANSION.

There Is absolutely no cause for
alarm in regard to present business
conditions. A banker in discussing |
the situation today, informed the edi'
TOR OF The Eagle that conditions we're
getting better every day and that II
an average good crop were made this
year, conditions would be normal by
fall. The following resume OF bust
ness conditions and the outlook In
general from the Austin American is
worthy OF careful consideration:
Secretary OF Commerce Redfeld
has Just made public a report showing
that the United States had a larger
balance OF trade last week than dur
ing any previous week in the history
OF the country. His figures OF the
weeks export balance approximate
sl7,OOO.OOO
"The largest weekly balance OF ex-
ports previous TO last week, since the
publication Of returns OF the country's
principal ports began. was S37 ,l3i.OOO
in the week ending February 6. For
the months Of December, January and
February the excess OF exports over
imports amounted to si11,is3,OOO.
"slnce the first months Of the Euro
pean war Americas foreign trade has
advanced with giant leaps. Almost
every sphere Of our business has felt
the salutary effect Of the unprecedent-
ed demand for American products.
Nearly every domestic industry has
been substantially stimulated.
CAS- a matter Of fact, we are rapidly
becoming the creditors of the rest
OF the world. II unsettled conditions
prevail In Europe several years
longer, as now seems likely, we will
in all probability supplant the Eng
lish as the bankers OF the universe. a
distinction they have enjoyed fol-
more than a century. The money Of
the credits that represent what We
have sold and must continue TO sell
will most certainly be invested In
American business enterprises.
"0ur Southern or cotton States
alone suffered to any considerable ex
tent by the outbreak OF hostilitie!
abroad. Recent developments, how
ever. afford reason to believe that {
return of profitable prices for our
principal product may be expected IL
the not distant future. Since the frs
several weeks following the German
Emperor's proclamation decreeing
state OF war in his dominions. III,
value OF cotton has increased severa
cents pound. II the Washington
governments figures on exports an,
consumption indicate anything at all
they point to a continued advance. EN
ports of cotton in February were /
5Q1,7O1 bales, of about double thos
for the corresponding month last yea
and exceeding by several hundre
thousand all February export record:
The Cnesus Bureau is also authorit
for the information that consumptio
OF cotton by American mills establish
ed new high mark, bringing the t.
tai for the season within striking dis
lance of last years figures.
"The Austin Americans recent!
published cotton acreage report ind
Gated a reduction in Central Texa
OF, in some instances, so per cent.
is probably safe to say the reductio
for the entire State will amount TO
per cent. Oklahoma, because of tn
extraordinary demand and high pric
OF grain, has planted hundreds o
thousands of acres of cotton land {
wheat and corn and oats. East Of tn
Mississippi crop experts estimate
reduction of 10 to 20 per cent in co
ton acreage.
"All of which points to a reviv'
OF prosperity in Dixie equal to th'
enjoyed in the North and Yves
Authorities, amazed at the rapid a
sorption OF last years enormous &C
ton crop in the face of supposedly a
verse market conditions, agree tn
a moderate production this year W
mean restoration of the lie lew
even with continuation of the wa
Should hostilities terminate, the d
mand for cotton goods to supply Il
waste of war could not be met.
the same time early peace would n
mean diminution in the demand
our other commodities. The destr'
ton of life, property and internatic
nj relations has already brought abo