New Britain herald. [microfilm reel] (New Britain, Conn.) 1890-1976, 1915-04-24
FINANCIAL NEWS

farmer in a decidedly enyiabl,
ton. For another season he
sonably certain OF good home a.
eign demands at satisfactory pI.
War Vital Factor.
The war continues 20 be q
factor in our foreign trade. IL
heavy losses during the firstI
months. such as $2t5, 900. 900 1
ton, S50,00O.000 in iron and
$4,000, 900 In copper. $4,000.
lumber products, 100000 Il.
cultural implements, etc. These
were partially offset by gains Of
10000 in breadstuffs. $4,000.
horses and mules, s1s.o0o,o0f
sugar. SIG. 100000 in leather. e
have now reached a season whe1
ments In grain and cotton are
urally light; but shipments
materials on orders placed
ago are now coming forward +
freely. and for the next few r
will prove a highly important
in our international trade b
The Russian government aione
ranged for an order for sSe, "a
worth OF war material this
through a Canadian concern, n
portion OF which will be execu'
the United States. The BritisI
French governments are also
ing materials upon a very ext
scale; and Italy, which has 3
heavy buyer. Is likely 10 largeI
crease her purchases should sheI
tually come into the war, as
not improbable. The returns'
March showed a decrease of 81
900 in imports an an increase OF
$780, 900 in exports; the latter anI
ing to s29s, 900, 900. a new hiR
ord for March. The net resu
an excess or exports for the MOI
s141.00O.000. which explains mi
100000 gold imports on the was|
France.
War has also been responsible
the violent advances in a n
group of stocks. War contract
proveribally profitable, and
known that some of the concerns.
secured highly advantageous Il
The result has been n violent Il
lation in certain issues. There
doubt that the speculative spiri|
broken out with extraordinary ed
after a long period OF repression.
far rise has been confined very Il,
10 the highly speculative issuesl
better class of industrials and
roads. which have been comparal
have a less spectacuinI
more enduring prosperity in ADJ
Of them, and intending buyers 4
curities viii do we'll to discrin|
The widening activityi
denced by the succession OF mil
share days is symptomatic of thd
proach Of better times. Wall Strt
busily discounting future peace
The greatly increased
tivity I'm bonds and high investrl
Is excellent testimony OF reviving
ndence. or late careful investors
been good buyers. Our monetars|
ton is satisfactory: and. while cd
Is likely to command high rates
n while because OF reasons we'll
there will be no laeid
funds or credit to good borroi
The new reserve system has rrl
strengthened and increased tho
oacity OF our banking system.
though there In more or less infid
o be expected as n result OF gerI
conditions, there IS as vet no daI
n sight I'm this direction. ROD
LIQUIDATION is no longer a med
Europe is naturally sending Us n
Iderable amount OF securities ri
will aid I'm settlement Of foreign
Its here. Under existing condid
pays us much better to accept
lement I'm securities than In gold. /
after we do not need and the forI
vill yield us considerable profits
Market Somewhat Unsettled.
At the moment the market Is 81
What unsettled by realizations vi
rere TO be expected after such
emit advances. A moderate read
you'd strengthen the market and /
he way for continued activity
urther recovery thereafter.
HENRY CLEwl