New Britain herald., 1916-06-17
CLEWS OPTIMISTIC
 CONCERNING FUTURE
Believes Conditions Will Adjust Themselves in POSt-Bellum Period

New York, June 17.-Because Of numerous and strongly conf1ictin g forces very mixed situation exists in the financial district. The war is being more vigorously pushed than ever and, aside from 8 fearful waste of life, is costing over SO,0oo,O00 daily, goodly portion of which is coming this way. This latter sum is not all additional loss, because many millions would be spent in any event for feeling and clothing the. millions Of men if engaged in peaceful pur- suits Armies and navies would have to be paid for even in time of peace, and it should be remembered that the territory and industrial plants of two of the most important belliger- ents have escaped thus far without damage. The awful struggle has cost terribly in blood and wealth, some losses being entirely beyond calcula- tion; but some deductions have to be made from current outIays, and noth- ing is gained by exaggeration or mis- calculation. The financial position of some of the beIligerents will be @ serious matter of adjustment when peace comes, and that period cannot be safely predicted. There is a very suggestive growth of optimism in this
 
 strange persistence that the war will end during the present year rather than face another dreadful winter.
 Expectation of peace must have ssssrfe foundation; though whether it has it's origin in weariness, of spirit among those who suffer or recognition of coming disaster by those who gov ern, cannot be determined. Perhaps war madness is giving way to peace sanity-at least let us hope so.
 After the War-What?
 @As peace approaches this country will gradually adjust itself to the new conditions. A few departm ents of industry may suffer, but many more will benefit by return to the normal. Temporary reactions may come with or after peace, but it stands to req son that in the long run the world will benefit by the restoration of pro ductive efforts and the stoppage of desuuction. Very likely the recuper- atiye powers of all the contestants will be greater than expected. We will lose much of the intuition traf- fic, but may look for expansion in steel and other industries in foreign trade, in shipping, and in development of the many enterprises deferred by war. This country is wonderfully strong industrially and financially, and is better prepared in many re- spects-costs of production expected 1 -4,for trade expansion than any other | nation.
 Another favorable factor is the po- ltica1 outlook at home. Many bus mess interests are gratified at the l Domination of MT. Hughes as the re- p,1h ship not only strengthens their hope of success, but also assures a campaign free of unnecessary animos- ities and disturbances. The nomina- ton of MT. Wilson means a check to extreme radicalism. As already stated | in these advices, the chief issues will | be patriotism, preparedness and the | tariff, the two former including a more vigorous though peaceful for eign policy. Since there is no great | division of opinion about there prob lens, the outlook is for a compara- lively quiet, although lively cam- paign. The output of new legislation will be at a minimum.
 The Exchange Situation.
 God imports have been renewed, over $50, 100000 having already ar rived, evidently with the intention on the part of London of keeping the exchange situation in a favorable po- sition and preventing the firmer rates which looked probable a week or two ago. Thus far the exchange sit ua ation has been skilfully handled in spite of enormous foreign purchases sf munitions, etc., and what with the | establishment of large credits, the i return Of foreign investments, and i
 
 under control Our home business i outlook continues very satisfactory | Crops are rather backward, the com posite average of condition, according to the government report, being g per cent. below last year. chiefly on account of injury to wheat. Farmers, however, are securing good prices for i their crops, and in view of the sur plus wheat carried over no scarcity is Anticipated. Fruits and hay promise big yields Nearly all producers of raw materials are securing good prices for agricultural and mineral poducts alike Many divisions of labor, especially those engaged in munitions, are securing abnormally high wages, and these promote trade activity War profits have stimulated trade in many directions, in some eases to the point of extravaganza.
 Bankers Vs. Promoters.
 If we look at the reverse situation the unfavorable factors are fairly nu- merous, and somewhat spottf. Per- haps the most unfavorable feature is the Mexican situation which is threat ening and will probably develop with more or less c1earness during the next few weeks. Another element of weak ness is the liquidation in munition shares which are inevitably affected by the shrinkage of orders in that