The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1916-01-07

market, after long period of econ
omy, by emergencies arising from
movement OF Americas enormous
crops, simultaneously with the export
products for which the war creates a
market, there seems little assurance
that the industrial prosperity devel-
oped in 1915, will be permanent be-
You'd the uncertain limit of the war S
duration. Bank deposits and reserves
attain record breaking totals, without
proportionate increase in loans. Idle
money indicates business hesitancy
unaccepted opportunity for business
expansion. Diversity of products and
the automobile industry make Detroit
an exception.
HARRY E. ANDREWS, Manag-
ing Editor Los Angeles Times: AS a
whole Los Angeles and southern Cali
tornia have experienced a prosperous
year during 1915. For the first six
months business was rather dull but
by October conditions began to
change and since that time trade and
industry have steadily gone forward.
Southern California has enjoyed her
share of agricultural and horticultural
prosperity. Her hay and grain Yields
were normal, her vegetable crops
heavier than usual. Oranges, beans,
beets and walnuts gave good crops,
tor which excellent prices were re-
celved-ln some cases war boom
prices. Grape and olive growers and
the makers of olive oil have not done
as we'll as in former years. Taking
it all in all, this has been a surpass-
ing year for our farmers. The result
on general business is being felt.
Farmers are buying now where they
have been hesitating in the past.
Local merchants report that their
November sales surpass all recent re-
cords. Stocks of sound corporations
show much better demand. and are
dealt in quite literally. Locally,
money still continues to accumulate.
Banks are carrying heavy cash bal
ances. Bank clearings at present are
larger each day than the correspond
ing period of 1914. Interest rates are
still low on short time loans. The
local bond market is very active and
new issues are finding an immediate
sale. Increased prosperity and bet
ter times are looked for in this local
ity during 1916 if the last three
months business in 1915 can be taken
as forecast.
J. L. DAVIS, Editor The Caldwell
Tribune, Caldwell, Idaho: The year
l9l5, in Idaho, was period of liouida-
ton. Indebtedness incurred in specu-
lation in real estate; expansion in bust
ness, and development of arid land
was paid. The farms produced album
dainty. High prices prevailed local
ly. The heavy demand for horses bv
the belligerent Nations of Europe,
alone, disbursed millions of dollars
throughout the West. From Febru
airy ! to December | over $l,5OOOOO
were paid for horses in the Caldwell
horse market. Liquidation is nearly
complete. Progress and development
will be resumed in 1916.
JOHN c. KELLY. Editor Sioux
City Tribune, Sioux City, Ia: 1915
was disappointing season. Pessimism
dominated in place of intelligence.
Even the extraordinarily favorable
sale of the agricultural crop failed to
dlspel the gloom and business was
sluggish where profit was greatest
But the profit remained and idle mon
ey, increased by the boarded funds
tapped by the Federal Reserve Banks,
finally emboldened investors and man
ufacturers, and, presto! business was
good. This is a testimony to the in
huence of the financially big. While
New York bankers and railroad presi-
dents held their chests down with
their chins they actually overcame
nature. This year, with less favor
able sale of agricultural output bust
nessmen are cheerful and the coin
jingles in their Golfers with increasing
resonance. Retailers in Sioux City
claim Is per cent increase.