The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1916-08-22
New York Financier
Says MunitiOn Or
ders Pile Up
CONSUMPTION is
NOW STUPENDOUS
ID e m and Increases,
Though Britain Sup
plies Own Wants

NEW YORK, Aug 2i-Henry
Clews in his weekly trade rev. v.
says" "Ut.;s rev Va. Developed
n the stock Excha3.'. the market
being more active AMI stronger than
H. many aeeks D;e.t,, ana indi.
rectly the war AGAIN proved the
chief nI;us The resumption OF
Wa- orders dec'sivelv affected ,h-
mgnit!on group, and 'he general
market s'inenei under the success
OF new British loan. while rail
road shares we're yisihly affected by
belief that there would be no strike.
The consumption q ammunition
in the present cruel war stagEers
imagination but Great Britain now
seems able 70 supply her own
wants both as 20 shells and guns.
and intinates that she Will soon 5e
ready 20 assist h"r Allies ia this re-
spect Nevertheless bota shells and
guns are being consumed upon a
stupendous scale. and bigger repeat
orders are coming 70 American man.
ufactursr, than ever anticipated .
all Of which does not Torterd an
early end OF tae war Such orders
are being placed with greater dis
crimiaarion than IN The earlier stage g
81 The struggle ami are going chiefly
70 large and responsible concerns
whose products have best stood
actual test While new orders are
being placed upon a better bushes !
basis, and are rot encum hered by
such extrsyagant commissions 10
promoters A. marked early con
tracts. there Is still handsome
profit 70 concerns which obtain
'hege orders and which needless ~
i say. mean continued activity an J
prosperity for IN American steel
industry into 1917
Some muni'i1n concerns arc DO.
ing d.smanfled IL their war mach.a.
cry USUALLY those whc-e profits
We're below expectation oi those
+ those output hal not proved salts
facfory The evident proiongation
~ hc war means contuuance Of
big exports. further nio-'s Of gold
or securities. also additional b,S
credits 20 the Allie al Of Rhjc
we can readily handle thus roir'ia (
20 continued prosperity As already
minated In these advice. when rhr
war ends our steel plants Will BE-
occupied for ore time in sa'.styin !;
reconstruction demands Il Europe
where railroads. Industrial plants.
etc. xiii have 20 DO Immediately 70.
stored. pa-ticula-lyPi France md
Belgium on this account alone
many millions Of steel products will
DO sold &c Europe when peace Is de
clared
At This writing o. is .Dpossihle
TO anticipate m" result ~ the great
controversy between no railroads
and their "mploye, Tho conse
Quences 10 both aides n nation
wide paralysis o. traffic are so grave
AMI momentoIs that strike is re
rarded ~ almot Impossible. be
cause neither side really cares -
deliberately face The consequence
OF an aroused public Indignation.
''Henceforv ard fnsnciaily speak
/ ing, we oust lock Out and not in
and accustom Ourselves 10 larger
transactions than have hitherto been
the rule 70 us the 'Z5O.on0. 600 loan
appears 10 b. a matter OF very con
siderable importance. yet IL small
/ compared with Great Britain's total
/ borrowings which yince The war
have reached nearly $4,000. 000. 900
Z The loan recently granted In New
York would 1nly paw Friisin's war
expenses for about eight days In.
stead % thinking In mill'Crs. we arc
obliged 20 think In billions