The Washington times., 1916-07-23
PAPERS SATISFIED
! BY TRADE OUTLOOK
Comment on ReportsH New War
Orders and Express 0pti-
d, mism Regarding Mexico.

FOLLOWING q rather dull week on the
stock exchange the financial editors OF
New York find many topics upon which
70 speculate. nearly all tending to show
that business conditions throughout the
country are In an entirely satisfactory
. Quite a little attention IL paid to 70.
ports OF new war orders.
Ihe apparent burial Of the Mexican
erisie also 10 made the subject OF some
epsimistic comment.
Says the New York World in DISCUSS
tng the recent furry In the money mar
Increasing evidence that the money
hurry OF two weeks ago was the re-
suit OF purely temporary conditions
advanced the rate for demand loans
20 9 per cent. had not the slightest
warrant for their exactlons, has
been afforded by the course VI the
currency currents OF the hast ten
"a the bank position to the normal.
Despite the continued requir<hents
tor domestic AID exterior f<ancing,
the surplus reserves of these insti-
buttons have increased In unprece-
dented proportions. and there Is
every indication that they will be
steadily augmented until the crop
moving season at least.
The following naive remark, In the
New York American 10 an interesting
commentary on wall Street:
Wall Street Is very, hopeful that
the war will last several years. This
hope Is based on the fact that In the
new munitions contracts being dis
cussed some Of the deliveries run up
to March 81. 1917.
Tho New York Sun says today. in re-
gard to this country's financial prospects
when the war is over:
Much has been said and written
about the probable advantages Iand
a ehs IVA Of this country after
opinion widely held Is that the dis
advantages will outweigh tho ad-
yantages. this view being based large
" upon the relatively higher wages In
taxes which must be borne BY the
peoples OF Europe may have impor-
tant bearing on this question because
they will tend to counterfeit the dif-
ference In production costs between
this country and foreign competitors.
This resume Of general commercial
Times:
At this season OF the year many
their needs for next spring. The last
week brought in a number Of them,
and others will be here before the end
OF the month. Conditions are such as
TO beget a spirit OF caution, prices
being high. especially in the textiles,
and showing no indications Of Yield
ing. Other disturbing factors are not
wanting. the doubt as to the duration
Of the war being one Of them. AN
other IL the crop outlook. with the
chance of its probable marketing
Among the encouraging signs are the
orders ahead in most Of the larger
Industries, which betoken activity
we'll toward the middle Of next year.
with the consequent employment OF
labor. Even the cessation Of de-
fnands for war materials from the
belligerents would have, from present
appearances. little effect in reducing
the industrial output. There would
simply be n shifting In the character
Of the products. In the matter Of
exports for civilian use both to neu-
tral and warning countries the oppor-
tunitfes for expansion are and will
continue many for a year to come or
longer. Manufacturers are we'll
, aware OF this. and are not worrying
over the outcome. Even though in
itial orders may be comparatively
slight. the makers Of goods have no
doubt Of their ability to dispose prof
itably Of what they will be able to
produce.