The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1921-12-03

are taboo al the conference. but, in
formally, and with an ear to the
effect unon our people, most of the
accredited delegates TO the peace con
terence have granted Interviews
expressing quite closely the sentiment
~ their respective countries with re-
spcet 20 these dcbts In the opinion
% the writer these debts must
eventually DO cancelled, and the
sooner the hottor.
There ~ reason to believe that III
rnncicrs u business leaders on both
sides Of the ocean would welcome a
frank discussion Of the matters hat
are now obstacles 20 the stahilization
Of the worlds trade. such as allied.
war debts, currency dcnation. the
balancing of budgets, aud the aii-lm-
poftant reparationa question. With
the Limitation uf naval armament
definitely determined upnn and the
far eastern problem satisfactorily adj
Iustcd. there Will be a clenr road la
a trade conference that shall deal
with matters that are ~rcaciing so un-
favorably upon the progress Of trade
revival.
Domestic Trade.
There H. nothing IN the domestic
trade situation suggesting a very
great Increase in husines until after
The turn Of the year. The seasonal
activities may OF course be looked
for. a on "a more modest basis than
IN the boon years OF 1913 to 1920.
business men are now realizing that
for a longer period they will be
handicapped because OF the immense
stores Of capital tied up In taN-cN-
cmpt securities than being invested
ln productive enterprises. The
blundtrs uf tho recent congress viii
fan heavily upun the shoulders OF
business whether they will be- 30
recognized In financial or political
circles. AZ "a time ltkc this. when
tvcry encouraging factor counts al
most double. 10 Is rcgrcttublc that
congress ala not avail Itself Of tho
the burden OF taxation ON business
md To release FOR industrial purposes
the enormous mount 81 capital now
frozen up In securities. Double harm
Is caused thereby for tho ease with
which municipuliutes can secure this
money on their promise 20 pay on
courages proaigacy and needless
spending.
Bu business prospects are hccom-
iug brighter I'M brighter and the
promisc OF bgttcrment errongcr.
Q " AAANF NNN| NhMANR NNNfA VI AA' NNAANN
Try ua a whole ls less than IL was. II
u SIN very large. arid the real needs
of over 70 hundred million people,
which must hc supplied call for q
vast quantity Of merchandise of an
kinds the production OF which mcau-
the employment Of many
Even the building tradc~. which
iailnl for 80 long a time to rise ~
thrir opportunity. are showing signs
of unwontcd ncti,itS. This b, aided
mcn~uruhly hy the prosecution OF tihc
combines which had bccu keeping uil
iltr prices uf materials. II would I'
advanced ~tili further if the mcchanl-
cnl workers would cun~Cut to tltc re-
duCtion Of their inorlinnts wage
from which they have been sufferer
no less than the r-~t uT The country.
Iron aud steel.
Production of steel iurots in
October was at about % pcr cent of
o.uaoiiy. The brHt rate shown mp "a
the timo since February November
production probably exceeded thHt
record. The tnlted states steel cor
poratiuu m tIo past $50 ,r fut.,
weeks has averaged 30 tu 10 per cent
operation whilo some of tho %su-calici
Independents have don" nearly ns
well.
A survey uf tho course of tho steel
market Boa the past three months iu-
dlcutpH Tint even with increased doe
] iluud. prices arc likely 10 exhibit q
F"ucrul downward tUudorrt Nvtrly
ul buyers of MRS have |lipuidutad
thoir stocks OF steel completely and.
with o stcHdicr steel market and
better fundamental conditions gen
orally would hr disposed 10 build up
stocks tu something like normal pro-
portions Hy this Influence. added Goo
Uu Increased cuuHuulptgp demand
Oh" steel uIllH may De- ruuuluE Ht 70
per cent capacity within SITS months
nt tho latest consumption ul pig iron
has decreased boo tho last fUw months.
our Foreign Trade.
While conditions IN the furriEu
trade utld continue uuivt the out.
look contains some very favorable
s.rna NmuuE the morc. rncourauug
recent REPORTS trr thus' of the rut-
ornm"uiH Grade roprDHoutttiy'r m
south America which us f. rule arH
more confident than for Hpmr timu
PREVIOUS Nuilo uu improve mont o.
indicated Boz Tho volume of trade. tho
.urpluE tiurks OF import goods ago
Boo gradual process OF distrIhu'tlu.
Hud tho tuur uf the sentiment Do.
somewhat more hopeful Oth,r OWE
deucts OF Improvement Co. the South
and ctriuI American situation lH nt-
lurdnd IN H statement Of the lurDiEu
credit g." 'gutIto committee ut the
National Association uf credit Mon.
Hhowirr un Increase ln th" number
ut inquiries s4ucc tho middle ol Dc-
tuhHr. No. IH stated that o. per cent
ot The impurities iuudo for reports un
firms abroad we're in regard 90 now
orders placed In this country.
DURING tn. DIHt fDW weeks luuIUu-