New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-11-28
Enormous Foreign Transactions Occasoned by the
War Are Expected to Lead to Great and Perma-
nent Expansion of Our Dealings in Other Lands
Banks i'm Good Condition and Railways
Hardly Able Handle All Traffic.

Middle West, the
Northwest and the South. That these local
tiles show proportonately greater prosper
ity than the Eastern states would seem to IN
dictate that the producing centres, as general
thing, are doing a bigger business than the
manufacturing centres The rural output this
year was unusually satisfactory.
an normal times steel Is considered the
barometer OF domestic business. At present,
however, steel is the barometer of the foreign
business. Should the war suddenly terminate
the demand for munition products would, of
course, be snapped short. But whether this
cessation of demand would not be stabilized
by great increase In the demand for peace
products while Europe gets on her feet once
more is a question with strong affirmative
ready to meet 1t.
THE banks OF this country have great
surplus Of funds This Is true In all financial
centres. And the demand Ia hardly up to
Its normal notch. But this lie merely another
instance of the abnormallty Of the whole pres
ent situation With an abnormal export trade,
the whole commercial world must be affected
TO some extent. This trade, coupled with the
steadily augmenting pile Of foreign credits in
this country, spells increased purchasing.
GOOD SIGNS IN WALL STREET.
"How permanent this era of prosperity may
prove is. of course predetermined Those VINO
ar. ovcroptimistic and venture foolishiy on
the prospect of fabulous gains may reap
harvest of bitter disappointment But all ousi-
ness which is building steadily and sanciy must
.xn.rience decided and lasting results In
Wall Street there Is an admirable reflection
OF the times
AsL.d whether any steps might be taken
.i,b., bv the government or by corporation
influence TO render permanent this sseendancy
81 ~, limited States commercially, the banker
said the question possessed too many rami1-
cations 70 be gone into, involving pohucai
issues as well as purely business issues.
Are you thinking especially OF the snip
purchase project" he was asked
"Of course" he replied, ii government
owned merchant marine could be established
~. limited States would stand a much better
show of becoming the foremost commercial
,o,,.r of the world But the shipping Dill
passed by the last Congress makes It irnpossi-
bI. for American companies TO operate with
out loss in competition with foreign concerns
oThe wisest measures for rendering this era
Of prosperity permanent are those which IN
,,o,,,. mir, and reasonably conservative meth
ode of conducting business. Prosperity IN us
truest analysis Sits down always 10 inc inoi-
yidual. What prosperity means to MN Dc
comes in multiple what prosperity means 10
the nation"
rs il not true" he was asked that the
barometer of commerce is TO be found IN inc
banking realmT
only half true" he responded II IS "ue'
of course, that there is a vital link between
finance and trade but II Is rather that Naoe
affects money than that money AFFECTS trade.
Naturally, when money is plentiful. trade VIII