The Birmingham age-herald., 1915-06-14
 DAWSON FORESEES !. GREAT PROSPERITY F CROPS ARE GOOD And Present Indications Are for Billion Bushels
 of Wheat ALL FACTORS ARE
 MOST FAVORABLE Trade Commission Has So Far Shown a Friendly Spirit Toward the
 Proper Stimulation of
 Business
Ry HOLLAND

New York, June 1s.-(Special )-Shortly after his return from Europe late in the winter. Henry P. Davison was quoted by lis friends as having made one state ment of fact and one qualified prediction, and what he said gave encouragement to these who heard him or to whom his re- marks were reported. He was especially qualified to speak because he had spent some weeks in intimate and confidential relations with bankers of London and with the British treasury. having also been brought in personal touch with those who direct the financing of France.
 Mr. Dawson was quoted as having said that the period of business depression in tho United States ended about mid-oc- tober of last fall. In September, and par ticularly in August, the bottom was reached. There remained. therefore, the certainty that our business activities would not and, In fact, could not. be more gi eatly depressed than they were in De- tober. But the question was whether a long period during which business would stand upon that low level was before us or whether conditions would begin to be DetIeT so that IL COulu Dc sttiu lAftt NAc Nbb tide eliminated in October and the be- ginning of the flood was even then ob- servabe.
 MT. Davison modified his prediction that we were about to enter upon period of unparalleled domestic business activity by saying that two factors must be discov- cred and worked out before the prediction could be made with certainty. One of these factors was the organization and controlling purpose of the members of the
 new trade commission. If the members oi that body were men qualified for meeting the.r great responsibilities and opportuni' ties, and if they were animated by spiril friendly to business and which woul6 lead them to do all in their power tc
 stimulate it. not at any time heckling 1t l then this commission would greatly en | courage the business life of the country | Tne other factor was the harvests.
 the farmers of the United States garner il
 the summer and fall of this year harvest' approximately equal to those of last year
 and, above all if the harvests should b. greater a record-making harvest, then th'
 othe- factor in the situation would b'
 found of the utmost value.
 1 All the other conditions were not only l favorable, in Mir Davison's opinion, bu
 favorable in an extraordinary and un precedented degree. The marvelousl, s.f.zs. ,id nlirrants which are bear l ing funds from across the sea to thu
 United States were not likely. in his opin | ion, to be diminished, but instead would
 probably be greatly increased, it was in conceivable that the inflow of funds, al l though sent here chiefly for the purpos | of paying for war material and for fooC
 with which to sustain the armies. shoult
 not influence domestic industries of al kinds The Steel corporation, for instance
 which MT. Davison cited, whose capacit, | in July of last year was utilized to onl,
 95 per cent would find the manufactur
 of shrapnel. rifles and other war ma terials, although not occupying the Stee corporation, would make heavy demand
 upon steel products of all kinds. Lathe
 are an apparatus not associated with wa material yet the manufacturers of shrap mel and munitions of war were compelle' las. winter to turn appealingly and earn
 estly to the lathe manufacturers of tn | United States.