The daily telegram. [volume] (Clarksburg, W. Va.) 1901-1926, 1916-01-11
1916 POSSIBILITIES

Despite this tremendous production, steel
prices have advanced $13 per ton. The out
look for 1916 indicates record breaking bus
mess year. Fundamentally, the situation Is
now stronger than is realized. The buying
power of our country will literally take the
bit in its teeth" and thus cause an enormous
price imitation and stock prices must respond
to this condition; there is more to be feared
in runaway market than in one of reactions.
Our foreign trade is now OF such volume tnat
we shall soon be the storehouse of the world.
ANY slowing up in foreign demand will be
welcome. our home needs can then be sup
plied, we having abundant funds to pay for
them. The end of the European war will be
a blessing in disguise. Then our factories
instead of making war munitions VIII De
called upon to supply foreign nations; ours
will be the world market and our prosperity
will be lasting. From 1907 to 1914 we lived
through seven lean years; we now nave pe-
fore us what should be seven fat years.
Record railroad earnings are now the rule,
thus benefting railroad credit and restoring
the purchasing power OF our greatest INDUS
try, the "chief' of all other industries The
revival in American shipbulldlng has fllled
our shipyards with orders running into l9ll,
besides returning hundreds OF vessels 10
American registry. !,
Sir George Paish is reported to have said
that the amount of money accumulatlng IN
the United States in the next two or three
years will be so much, there will be no dlfh-
Guilty in absorbing all the securities the IN
yestops of Great Britain or France wish to
sell u.s. with still plenty of funds available
to permit heavy investments in the loans OF
Great Britain, France and other govern
mentS.
Regardless of the final outcome of the Eu-
ropean war the United States is entering INTO
new and larger sphere in its relations with
the civilized world and our opportunities for
the future are simply staggering In their I'M
mensity. Whilst our stock market Will dis
count the readjustment anticipating the END
of the war, that is too far ahead in the ~
ture to indicate any immediate outcome. For
the time being, however, constructive forces
are in command of the situation. The Dig
interests have the stock market in control
and there can be no reaction OF moment I'M
less they permit it. Of 1888 big business 70
per cent was in the latter half year, so this
year promises a volume at that rate or pet
ter and should be record breaker, Rall-
road earnings will surpass all previous re-
cords and many roads are asking that frelght
be held back. Wonderful times are these, but
more wonderful are those to come. Our ma
ton is studying economic conditions so as to
adjust its affairs for greater possible national
advantage.
The end of big business is afar off. One
corporation is said to have assured S2O0,0OO,-
600 additional contracts in the past few
months. Bethlehem Steel has sufficient con-
tracts for five years, straight delivery. Mid
vale Steel has $1O0,000,000 in orders, having
secured $3O,OO0O00 steel contract from
France
The speculative element, in general, under
estimates our countrywide prosperity, but
the unlimited buying power OF Wall Street IN
terests must be reckoned with.
1916 possibilities have much in store for
YOU; it will be year of happy realization.
10sHARE IMP. ICE CREAM COMPANY. (
1915 DIVIDEND GOES TO PURCHASER.
[ODI.I I'm
rance Stocks and Bonds. -.
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