New Britain herald., 1915-04-17
BUSINESS IMPROVING
 IN UNITED STATES
Turning Point for Better Spread ng
 Throughout CGu1iTy.
Especial to the Herald.)

Especial to the Herald)
 New York, April IT, 1915--Old-time activity has returned to the stock ex- change and million-share days are no longer a novelty. From time to time the favorable changes in underlying factors in the stock market have been pointed out in these advices. AS the business world adjusted itself to new conditions, as the final outcome of the collosal struggle in Europe became more apparent as fear disappeared, calm judgment realized that on this storm was over, confidence began to assert itself more and more freely un- til at last it developed into surprising outburst of speculation. This char acteristic rebound from the extreme depression to extraordinary buoyancy may seem remarkable, but is only in accordance with precedent, since one extreme invariably follows another in due course of time. Recent develop ments connected with the war really started the present rise. The frightful waste of life and wealth which is still
 
 manently injurious effect upon the so- cial and economic welfare of the world at large.
 Nevertheless, there is a sense of re- lief that the end is now foreshadoWed: and the dawn of peace naturally i'm parts new life. new hope and fresh confidence.
 War Stocks Led Advance.
 So far as. the stock market is con cerned, it was the war group of stocks which led the advance. A number of our great industrial establishments are employed on large and profitable foreign contracts. Concerns equipped with facilities for turning out ord- nance and ammunition have been par ucularly fortunate and these led the rise. Some automobile manufacturers have also secured enormous contracts from Europe, about 30,0 American cars and motor trucks having already been shipped abroad, with thousands more to follow. Clothing and food pro- ,ducers have also been enjoying very prifftable contracts. All such activi- ties are having their effect upon busi- ness and speculation. They may not be permanent factors, yet while they last they are very powerful and are the prime movers in the present up- ward movement. They have also brought into the speculative arena an entirely new set of operators who have been largely responsible for the recent activities and manipulation. Unavod- ably the sensational advance in the war group shares affected the entire market. It certainly awakened the investing public in general to a real ization of the improvement which for several weeks past has been develop ing so silently as to almost escape general observation. Confidence was sleeping and shock of some sort was necessary to shake off the 1ethargy produced by the onslaughts tof war. Under the circumstances, therefore, it is pertinent to again call attention to the forces of silent recuperation which have been at work outside of the war group; the latter being a class which should be set apart by them selves and judged strictly by the prof it's secured or likely to be secured from the war. This group in reality is relatively small, and due sense of proportion should assist in drawing attention to home conditions, which henceforth must be more important influence for the reason that the war