Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1916-10-04
BUSINESS BOOM
WILL CONTINUE.
IS PREDICTION
Information Obtained Indicates
a General Belief That We
VIII Have Flush Times
for Year or More,
.s,er.. eo..us,o~s,res 20 -oss,-a 1oU-s.'

aFJctAL cosNHaFoNpsEcs 20 soHNtSG joURSA'
Chicago. oct. Information OBJ
tanned today from four highly authori-
tatve sources representing many in
terests discloses the expectation Of a
greatly enlarged business and contin-
uance Of FLUSH" times for "A year or
two more This opinion is based on
actual knowledge Of what is going on
by people participating in these af-
fairs and who are conducting thelt
business on the basis Of this expocta-
tion Nor are they young enthusiasts.
They have been hurt in the past hy
errors growing out of TOO sanguine eN.
pectauous they have been over
whelmed by the collapse Of booms
and have suffered from the inability
Of their creditors to meet their obli-
cations They are not likely, there
fore to be fooled by any false evil
dcnue Of the present time or 70 fail
Of seeing that when buyers snatch
goods away from their shelves and pay
for them promptly there Is a power
i'm commercial activity which has
never been seen before.
The fact i'm the foreground which
seems TO have the greatest signifi-
canoe is the scarcity Of many classes
Of goods This is clearly seen by the
ordinary observer as regards such
commodities as steel selling at double
the price of the earlier part of 1915,
and copper also nearly double It's nor
NAL quotation, while the high figure
for foodstuffs impress themselves on
the mind of every householder.
shoes Have Jumped.
Shoes Of a given make have jumped, !
but when the purchaser gets gar
ment he IS made TO feel that the cost |
is not much different from that Of two /
years ago The fact as to what ne
wears is that policy has been adopt /
ed by many traders Of using inferior /
and less of it than formerly. I
There Is not necessarily any deception I
in this, unless the house tells lie as {
to what Is in the goods, for the fabric .
is before the man and he can judge .
for himself It is a certainty, how
ever, that a suit of clothes purchased .
today at given price is not the same .
as a suit bought at a similar price be-
fore the war The doubling of prices
of such materials as cotton and wool
would deprive tradesmen Of all their
profits-indeed, involve them in loss
If the same goods were sold at the
same prices as formerly The average
price Of all leading commodities is
now higher than ever before on a gold
basis The slight reaction that oc-
4 I...tr A
was no doubt due to an impression
existing at that time that the war
might be near its end.
Yet certain concerns long in leading
lines of trade notably the textile and
clothing interests, are buying and stor-
Ing for still higher figures. one in
stance Is that of a house which will !
10 the ordinary buying for the spring
rade, but contemplates holding the
goods for the fall trade of 1917 This
policy doubtless grows partly out OF
he expectation Of a long continuance
If the war, but also it has in mind
he exhaustion OF supplies, which
would mean an advance in prices even
lnder ordinary conditions one west
IN agent of large manufacturers re-
iorts that even such a commodity as
hoddy cannot he had and that cotton
Iyed to match art silk and to be COM
lined with it is worth 81 a pound. {
Large exports of our fabrics are cut {
ing an important part in these mat. q
crs The Willingness of certain /
louses to ship merchandise out of the I
ountry appears to be sort of scandal q
n the trade and yet the right of a d
nan to sell his goods in the highest e.
market can hardly be questioned.
An interesting contradiction of form !
r experience in such matters is the ,,
allure of this great rush to affect .
he rates for money Money is as
he4ss today-.n the American market
s. Il has been at any preW6Ss time. y
+ it be true that another foreign loan >
ossibly running up to $3.50, 100000. is l.
o be placed In this country, this con. =
ition may be changed somewhat, but y
he course of affairs in this country 0
! now defyug precedent. \ foreign V
>an, the ayails of which are imme- u
lately expended in our own country W
imply moves funds from one Ameri- fC
nm. hand TO another and does not so =
e up capital as to raise rates. *