Belington progressive. [volume] (Belington, W. Va.) 1912-1927, 1923-09-13

TINE business of the country has
given evidence of sra stability
during the Simmer months, and
enters the Fab season witn general
confidence prevailing 1t is now
more than three months since the re-
action to the Spring boom began.
and Notwithstanding the 81 irit OF eau
ton that has been dominant the vol
ume OF business has been well-sus-
tanned. The ind. tries have shown
rather less than more OF the usual
seasonal slacl.ness. and railroa
traffic for each month has been
greater than for the corresponding
month in any previous year.
The fact that f,rl.ard buying has
been light, coupled with the fact that
retail trade over the cour try has been
good, gives assurance that stocks o.
merchandise must be constantly re-
plenished, for there is no reason to
believe that tn purchasing power ot
consumers has been diminishing.
Labor is well-emple yed at high
wages, the only menacing contro-
ersy being that in the anthracite coal
field. The situation OF agriculture
has improved by reason of price adj
vances for live stock ant corn, while
Ieven wheat has more hopeful OUT
look.
On the whole the outlook is for
steady business, sustaine. 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 upheavai caused by
the war the country is getting back
to more stable conditions.
Mexico Recognized
The restora. ion 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. 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 accovds
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 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
It for the settlement in detail of the
matters that have been subjects Of
controversy, and there is no reason
to doubt that everything will be
worked out in satisfactory manner
The foreign creditors of Mexico
lsrlders of her government bont1s,
same time ago arrived at terms Of
settlement with the Mexican govern
mcnt, making liberal concessions by
way of aiding the country to resume
rs position upon a sound financial
b,sis.
Mexico is country of very great
natural resources, which can be de-
eloped only by the investment Of
rspital. Doubtless it will be to her
dvantage, as it was to the advantage
ct the United States in former years
.: have foreign capital employed in
s:ch development. and the United
States is the most natural source Of
such capital supplies. With the de-
velopment Of her resources and in