The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-08-30
The Improved Business Outlook.

In spite of the war in Europe, and
In some industries because of the war,
the business prospect in the United
States brightens from day to day and
confidence In the future ia justified.
Indeed. optimism is not out of place.
Such will be the conclusion Of
readers of THE SUN who examine
the Interviews with representative
business men which II publishes this
morning.
The war has its compensatdons. 1t
has brought orders on an immense
scale TO certain industries, and In
directly other industries benefit There
ere munitions of war besides guns.
shells and cartridges; the list Is very
long. including many things needed
by troops that are usually regarded
as products for the Uses of peace. In
such q conflict as that now waged in
Europe the demand for u manu-
features and products essential In the
continuing emergency Is not limited
by any consideration OF cost The
balance of trade has therefore turned
heavily in our favor. The war also
sidetracks the low tariffs OF the I'm
derwood law and shuts out competi-
ton. 1t is r u that some industries.
textiles for instance. are suffering for
the want OF dyestuffs usually i'm
ported: on the other hand, enterprises
are starting up to supply needs Gre
ated by other wants. A gratifying
result is the decrease of %unemploy-
ment in the country, very marked in
comparison with conditions a year
ago.
Except in the manufacture OF what
are specially known as war materials
no boom Is reported, but on every
side we hear of a steady Improvement
in most of the industries with no re-
action. Orders are multiplying AMI
collections are very much better. The
tone of business is sound. No n
talks of depression now, as was the
case six months ago. Money is abun-
dant and easily available, thanks to
the new banking law, the blessings of
which are beginning TO be felt as the
moving Of crops draws neal
Most encouraging Of all business
factors Is the promise Of an enormous
wheat crop from the largest acreage
ever known. The wars demands &C
count mainly for this expansion. Corn,
II the weather is 'propit1ous, will
show a, yield 10 per cent greater
than last year, and the oat crop will
also be large. From the moving of
these bumper crops the railroads will
derive some advantage, and surely
they need It.
The South 10 rather, down IN the
mouth about its cotton, but It reports,
by way Of compensation, the greatest
small grain and feed crops in its his
tory. And as TO cotton, there IL a
feeling that Englsnd's blockade policy
will compel her to buy from us large
quantities in addition to her own
supply. The outlook for cotton Is
not 80 uHTh Ms II mlgnt ne. IN lne
Northwest there are signs OF a
healthy boom in general business, and
the West is optimistic. According to
one authority, South American or
ders for II goods show q very en-
couraging Increase, and the export
trade 10 China and Japan is percep-
tibly improving. ,
1t is of good omen that American
business Is adjusting itself to the war
and discounting a good deal that
weighed upon 1t like a nightmare.
That the future after the wars con-
clusion is bright with promise for
the United States all the authorities
agree. Some concern is felt about
the meeting Of Congress, but there IS
comfort in the thought that Mr.. Will
SON devoted the first half OF his Adj
miniStratiOn to regulating" business
and is said TO be Of n mind to let II
alone now. That IL all business asks
as II prepares to mount the grade to
better times.
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