The Washington herald., 1919-03-29
TRADE OUTLOOK
NOW BRIGHTER
Holland Says Judge Gary 5
Prediction Was Based on
Sound Judgment.

The men who are out of employ
ment and the considerable number
who are seeking employment for
those who need II should find graft
fication in the statement recently
made by Judge Gary. chairman OF
the board Of the United States Steel
Corporation. Judge Gary is quoted
as having so spoken as to demon
strate his confidence in the speedy
coming OF very great prosperity and
one not stimulated by war activities.
III that prosperity comes IL viii
mean employment for every man
who IL seeking II. An estimate has
been made Of the number who are
now out Of employment. IL the es-
innate be correct then less than
100000 men are waiting to sell their
services either In unskilled labor or
that OF the skilled artisan.
An agreement has been entered
into by the Industrial Board at
Washington and the leading steel
manufacturers for a reduction in
the price Of steel commodities. That
undoubtedly will he followed by
great activity in various industries.
For instance. the building industry
all over the United States has been
almost stagnant. due chiefly to the
high price charged for material, but
IL lower prices stimulate building
activities, as it is expected they will,
then there will he furnished immed
late employment perhaps to the
greater number OF those who are
now without work
AL Of our business leaders know
or profess to know that the proposed
league Of nations is not the only prop-
osition which other countries than
our own are seriously considering.
II 1t be true that our allies and the
neutral countries are looking earnest
" toward the United States for sup
port of the league OF nations plan.
II Is also true according to business
leaders that with the possible eX-
cepuon Of japan and one or two
other nstionss all Of the nations have
their eyes turned towards the United
states in the hope that they will be
able to secure here actual materials
and visible supplies of which they
are greatly in need. II seems to be
the impression that nowhere else in
the world can these things be found
at this time excepting in the United
States. II other conditions are sat
isfaCtory and especially if the fiuan-
ctal problem il worked out it is
deemed certain that there will come
to the United states from other lands
a stuDsndOUs demand for material Of
all kinds. II that demand can be
met it will mean constant and re-
muncrative employment for labor.
The best opinion seems to be that
the months will not be many before
every man In the United States who
wants work will be able to find il
and that there may not. be men
enough to meet the need.
No one can have Chatted with any
Of the financial leaders in New York
or in Chicago without speedily
learning that the very enormity OF
the trade balance in favor Of the
United States which has been built
up in a little over two yelrs. ocCa-
siOns. not exactly alarm. but the
belief that il offers the most stu
pendOus problem Of financing that
the world has ever known. except
ing Of course the very great and
drastic financing which was entail
ed by our allies so that they might
be able to meet the excessive cost
Of war
The Washington authorities report
that in two years beginning Janu-
ary. 1915. the trade balance in favor
OF the United States was consider
ably in excess of 10000. .O0O. 900.
That is a sum which is approximate