The Glenwood post., 1923-09-27
Current Business Conditions
By E.
Fom of

THE business of the country has
given evidence of srla stability
during the Summer months, and
enters the Fall season with general
confidence prevailing. 1t is now
more than three months since the re-
faction to the Spring boom began,
and Notwithstanding the spirit of eau
ttion that has been dominant the vol
ume of business has been well-sus-
tained. The ind,stries have shown
rather less than more of the usual
seasonal slackness, and railroad
Traffic for each month has been
Greater than for the corresponding
month in any previous year.
4, 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 o.
merchandise must be constantly re-
Plenished, for there is no reason to
believe that tht purchasing power of
consumers has been diminishing.
Labor is well-emplcyed at high
wages, the only menacing contro-
ersy being that in the anthracite coal
kheld. The situation of agriculture
has improved by reason of price ad-
1vances for live stock anG corn, while
tsven wheat has more hopeful out
book.
On the whole the outlook is for
steady business, sustained by the con-
sumptive requirements of a well-em-
Floyed population, with little specu-
sative 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 restora lion of diplomatic rela-
It1ons 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
lOf course the United States desires
friendly relations with Mexico. 1t
wants nothing of Mexico but that
American citizens who sit the coun-
Try or seek to transact business there
shall be accorded the protection of
the laws of the country, in those
personal and property rights which
are recognized in all civilized coun-
'ries, and which this country accords
reciprocity to citizens of Mexico here.
The matters that have been at issue
between the two countries have been
under patient consideration between
the Mexican government and a very
competent Commission appointed by
the President of the United States,
and the agreement arrived at has
been approved by the Secretary of
State and President of the United
States. Methods have been arrived
ut for the settlement in detail of the
matters that have been subjects of
controversy, and there is no reason
10 doubt that everything will be
worked out in satisfactory manner.
The foreign creditors of Mexico,
holders of her government bonds,
some time ago arrived at terms of
settlement with the Mexican govern
ment, making liberal concessions by
way of aiding the country to resume
its position upon a sound financial
basis.
Mexico is country of very great
latural resources, which can be de-
veloped only by the investment of
capital. Doubtless it will be to her
advantage, as it was to the advantage
of the United States in former wears
ito have foreign capital employed in
such development, and the United
States is the most natural source Of
such capital supplies. With the de-
)veiopment of her resources and in