Daily capital journal. (Salem, Oregon) 1903-1919, 1919-05-03
financial Expert Gives 20
Reasons Why Outlook Is
| Now Brighter.


New York, May 3.-The belief ex
messed in these adyices for several
seeks past that the Improvement in
hancia condition, would result in
prc activity and higher prices in the
ERurity markets has been amply JUS
.Iiied. II may be worth while to sum
6nrizo these improvements, which have
Pm multiplying in number and force
fncc the middle Of February, when
"a financial district first began to
kpelize the inherent strength Of the
Husiness situation in the United States
.sad that the turn Of the tide had been
fRacbcd, These are the principal fact.
Rfs in the present situation:
Twenty Reasons for ENCOURAGEMENT
! Relief of business from pressure
u war conditions.
:. Signing of peace treaty only a
nattcr of settling final details.
=. End of war loans, and release Of
noney hereafter for legitimate busi'
ess.
1. Federal taxes have reached the
HaAlmnm and must hereafter decline.
D Consequent revival Of long defer-
q enterprise aud improvements.
o. Remoral Of many war restrictions
permitting return Of foreign and do
Reslle trade 10 normal conditions.
L Failure of government price fix
tleories, aud return Of market
leedom.
g. Wages have been generally ad
|aafFd and the crisis induced by high
Pnees is less acute.
y Prospects of better understand
I between labor and capital.
~ A season Of great agriculture
l.pgFlty il anticipated. meaning
oea business for the west and soutf
aeh in turn should stimulate rail
Oaa traffic in both sections.
H. Building is sure TO be mucl
io'e active owing TO urgent demands
I housing aud office room whicl
=ates. " ~
~ Railroads will be large buyers o.
''is locomotives and ears to offse
ar wear and recent economies.
To- A special session of congress i
AFeted in latter half Of May. TIL
I Rouse promises 20 be more con
sisatFe than its radical predecessor
y There is a brighter outlook 70
- ant ounder legislation
u, Public opinion Is becoming les
Nle to pu9lie service corporations
'iiat' despite a bad situation in 10
\. fractions, the chance of securinI
u compensation TO offset highe
~ and other expenses is much i'm
=. Foreign trade Is expanding sat
eDs.oas'oflly March exports being S6O5
sg'ao' on sS2,000.000 more than
~ |ssa ago. Imports reached s257 900
- Or s25,000A00 in excess of th
- period of 1918. The outlook 70
',oft trade is decidedly encouraging
sas ~ We shall soon have to ship laTg
|sa',ties ~ Of cotton. copper, oil, stee
,a,.'hef o'hef products to satisfy the in
~. ..allNe necessities Of devastated III
~ Seufh America and Asia will a
Il liberal buyers in our markets.
h y ow that the black list and tn
s.rss ss.l. system have been PRACTICAL
C'lshed with all countries exeer
many and bolshevist Russia, el
IT,. a.s'oh will be more rapid and upo
IN, Nv natural lines; always remembe
M however that the buying power {
in,..' Earring nations has been gravel
5.aa ali'd and that our exports wi
Rai;l depend upon our ability an
..agness to give credit.
~. Commodities. wages and cred
IN undergone a high degree Of +
ss.;., ~ while securities have almo.
- - escaped. This DISPARITY vi
ty ee d..s, have to De adjusted, eth,
latioa at one end or initiation.