The Birmingham age-herald., 1915-03-09

reflects the well considered opinion of a president of one of the largest financial institutions in New York He admits that the United States will be called upon to furnish supplies and capital for Eng land, France, Russia and probably Italy He confesses himself unable to say what Germans position will be in the world of commerce immedia tely after the close of the war. but is inclined to think that the government of Germany will make desperate attempts to quicken her in dustries and expand her commerce. He also thinks that because the demands for capital which will come to the United States from other countries, together with the return to this country of American securities now held abroad will make the cost of the use of capital in the United States so high as to impair the ability of our business men and our rail read leaders to gain such fresh supplies as they will be in need of
 A majority of those from whom inqull riss were made, however, confessed tha. they are able to see only from day to day. It is observed that the impression Is get ting stronger and stronger that the war Wiil be brought to much speedier term- nation that heretofore many have believed probable. This view has increased in strength since the approach of the allied fleets to Constantnople and since the strong suspicion was created that the opening of the Dardanelles and the wrest-
 ing of Constantinople from Turkey are thoroughly in accord with a perfectly outlined plan of operations and of co-op- eration which probably was perfected at the recent meeting in Paris of representa- tives of the British, the French and the Russian governments. There seems to be what is accepted as reliable information that when Russia finds her way unim- peded from the Black sea to the Medi- terranean there will be immediately avail able for the allies not far from 200. 900 O00 bushels of wheat. The allies will welcome this supply, while Russia will be rejoiced to secure the money which will be paid for this wheat.
 l. is not merely the military or strate- gic value successful operations m ano De- yono sthe Dardanelles that is regarded here as of consequence to the allies, but is also the demoralizing effect in Germany anG Austria of the capture of Constanti- nople, which is likely to add to the in- fluences which may lead to an early close of the war.
 Some of the men of finance say that they have been told by high military au- thorities that from the purely military point of view-that is battle and sieges- Germany and Austria may resist for d
 long time. But it is the new and so far T. ing Germany and Austria not merely of food, but of many of the accessories of war which are vital, which Is likely to result in an earlier termination of the war than in the late fall of last year was deemed probable.
 The orders from the belligerent and neu- tral nations continue to reach the United States in enormous aggregate. It is only indirectly or through condolences which entail the withholding of namse and specific details that the magnitude of these demands become known. As, for instance, on Saturday of last week one of the leading American industries received an order from a belligerent nation which will entail the payment on delivery of the commodities at an early date of $40O0, 900. Russia is now in the American market seeking to place orders for great amount Of automobile trucks Should the allied fleet open the Dardanelles there will be immediately greatly increased commerce between the United States and Russia. One vessel which carried large consign- pIent to Russia managed to get through the ice fields at Archangel just before Arctic temperature completely closed the barbor. Other consignment it has been found necessary to discharge in the open water north of Norway. near the ice, and then to haul the commodities over the ice | to Russia. This has impaired our com merce with Russia temporarily, but with water communication between the United States and the Black sea a very great volume of commerce from this country to Russia will take place. It should be re- ported that in business circles in this city a feeling prevails that one of the n- l fuences which will tend to restoration of business confidence Is the adjournment os Congress.