New Britain herald., 1915-11-06
GREAT BUSINESS
 BOOM IN COUNTRY
Improvement Throughout U. s.
 Surpassing All Expectations
(Specia! to the HcraId.'

New York, Nov. 6.-There is no doubt about business improvement in the United States It is surpassing all expectations. Evidences of this are multiplying in every direction. The steel industry is unprecedentedly ac- tive; our exports are on a phenomina! scale;> a serious ship famine exists; our farmers are reaping a record-breaking Harvest; our railroads are handling an 1 enoSmous and rapidly increasing traf- l fic; our textile industry is enjoying re- newed activity; dry goods merchants are endeavoring to avert an undesira- ble boom; building operations are be- ing resumed on a larger scale; labor is kwell employed. and on every hand there are signs of a rushing activity (which experienced leaders are already endsavoring to check in order to avoid the consequences of unrestrained or misdirected energy.
 Two questions arise which demand Satisfactory answers. What are the reasons for this new boom, and how Hong will it last? The reasons for this Widespread revival are clear and easily Understood. First and foremost, a big Harvest with profitable prices for the Farmer has been secured. Every intel thgent business man appreciates the eff Eect of good crops upon business. The armer invariably spends more freely md the local merchant must fill Sha1vpS fhna jnf l1SiY into trade. industry and transportation every direction, and particularly in the grain belt, where nature has been most prolific. Next to this paramount nfluence, comes inflationary mone- ' kary conditions. There is an extra brdinary plethora of loanable funds the United States, the consequence pf long period of business depres- fion, of a marvellous stock of gold, of Inc successful mobilization of our Banking resources under the new Banking system and of an immense Rccumulation of investment funds fol- Owing prolonged suspension of new Enterprise. There is also one other i'm tluencial factor in creating the pres &nt boom, and that is war orders. But the later are much less important han the two influences just named
 md far less permanent. It is doubt ZlI if all the war orders received dur Fig Che fifteen months of war would leach s2,00O,0O0,000, which is only About one-fifth of our annual exports, khich were over $2, 400, 100000 during he fiscal year proceeding the war. Nevertheless. these war orders were
 powerful stimulus in business revi- aI
 Domestic Influences.
 Co fo ,dOrnaStic influences are koncerned, present conditions warrant
 continuance of business activity. at east until the results of the next harv-
 st can be determined. Money prom ses to continue easy for some time b come, and this combined with agri- ultural prosperity is sure to stinu- ate new home enterprise in every di- ection Construction work, both i'll he cities and on our railroads, has keen deferred as much as possible Tor he past two or three years. Shelves re empty and repairs are necessary. Endorsements will be undertaken, and
 lew development must occur in many Industrial lines. The demand for steel simply without precedent, chiefly
 wing to home requirements. Pig ron is being produced at the rate of
 yer-3 300O,000 tons per month, or
 bout 37,500,000 tons per year; for k1rpassing all records. Steel plants
 Ehich have been idle for years are
 estarting. Railroads are the heaviest
 uyers, having placed orders for ST.
 loo cars during the first ten months
 the year, against 2,soO cars last
 ear: also 49O,OOO tons of rails with
 the same period, compared with
 5000 tons a year ago. Structural
 rders aggregated 1,075,0O tons, com
 ared with 933,000 tons at the sarne me last year. Domestic shipbuild- hg is exceedingly active. owing to
 Extraordinary profits in ocean trat-