The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1923-09-14
CURRENT BUSINESS CONDITIONS
By GEORGE ROBERTS
National
of New
By GEORGE E. ROBERTS

The business of the country ha
given evidence of great stability dur
ing the summer months. and enter
the fall season with general conhdenc
prevailing Ii is now more than tire
months since the reaction TO tn
spring boom began. and notwithStand
ing the spirit of caution that has beer
dominant the volume OF business ha!
been well sustained The industrie:
have shown rather less than more o.
the usual seasonal slackness. and rail
road traffic for each month has beer
greater than for the corresponding
month in any previous year
The fact that forward buying has
been light. coupled with the fact that
retail trade over the country has been
good gives assurance that stocks OF
merchandise must be constantly re-
plenished. for there is no reason to
believe that the purchasing power OF
consumers has been diminishing
Labor is well employed at high
wages. the only menacing controversy
being that in the anthracite coal held.
The situation of agriculture has inn
proved by reason OF price advances
for live stock and corn, while even
wheat has a more hopeful outlook.
On the whole the outlook is Tor
steady business. sustained by the con-
sumptive requirements of well-em-
ployed population. with little specu-
lative activity and relatively small
price changes This signifies that
after the great upheaval caused by
the war the country is getting back
to more stable conditions.
Mexico Recognized
The restoration OF diplomatic rela-
tons between the governments OF the
United States and Mexico is an event
which may prove to be OF import
ant significance in a business way.
OF course the United States desires
friendly relations with Mexico. III
wants nothing of Mexico but that
American citizens who visit the coun-
try or seek to transact business there
shall be accorded the protection OF
tho laws of the country, in those
and property rights which
arc recognized in all civilized coun-
tries. and which this country accords
to citizens of Mexico here
The matters that have been at issue
between the two countries have been
,nder patient consideration between
he Mexican government and very
competent commission appointed by
he President of the United States,
md the agreement arrived at has been
approved by the Secretary of State
md President OF the United States
Methods have been arrived at for the
settlement in detail of the mattersl
hat have been subjects of controver-
". and there is no reason to doubt
hat everything will be worked out in
satisfactory manner.
The foreign creditors of Mexico,
folders Of her government bonds,
ONE time ago arrived at terms of
ettlement with the Mexican govern
ncn,. making liberal concessions by
way OF aiding the country to resume
IS position upon sound financial
asis.
Mexico is a country of very great
atural resources, which can be de-
eloped only by the investment of
apital Doubtless it will be to her c
dvantage. as it was to the advantage c
the United States in former years v
, have foreign capital employed in v
UGH development. and the United {
tates is the most natural source OF t
ich capital supplies. With the de- .
elopment of her resources and in O
tease OF production trade between {
lie two countries naturally should S
ave great expansion, to the advan- /
ge of both countries. 1t is to be e
oped that the establishment of a s.
bod understanding between the two b
'untries will lead to all these de- Il
rable results. Il
Rise of Agricultural Products "
Prices OF agricultural products were
their lowest in July, when small =
ain crops were nearing harvest with ~
rye promise Estimates upon this
untry's production OF wheat has -
en- lowered about 100000 to 49, :,
5000 bushels since July LIST, and ~
on the Canadian crop fully 100000 -
bushels, and these reductions have :"
yen some strength to the markets. "
remains true, however, that with =
t including Russia, Europe plus a: