Evening star., 1924-11-05
BUSINESS IS READY
TOEXPANDF FREELY
Passing of Election Followed
by Long-DeIayed Orders
for Goods.
by j. c. ROYLE.

NEW YORK November with
the announcement of President Cool
idge's reelection finally absorbed
from the radio and the newspapers,
business men lost little time in reach
ing their desks this morning. The
first thing many of these executives
did was to give an order-an order
for more goods or more materials or
for heavier production.
Business was free. with the cleo
tion over. to respond to healthy CON
ditions of commerce and industry
throughout the country and the ex
pansion due to seasonal influence.
The hesitancy in business, plainly
noticeable prior to Tuesday. undoubt-
edly was due to psychological rather
than physical causes. But the lifting
of this mental barrier had practically
the same result on backed up vol
ume as the opening of the food gates
of dam.
In most lines Of trade, the result of
the election could have had only a
psychological effect for months to
come. no matter IL Davis or La Fol-
lette had been chosen instead OF
Coolidge. The Presiden elect would
not have taken Office until March
1925, while the Congress elected will
not convene fer over a year. But
although they realized these facts
most business men hesitated about
going forward with their programs
until the uncertainty finally was
swept away.
Congress Bloc Feared.
Some still view one or two posi-
bilities with alarm. One is the dan
ger that some coalition or bloc in
the old Congress might affect the
massage
priation bills between now and next
March. Construction has been auth
orized for Federal Improvement pro-
Jects on rivers and harbors which II
will take $204 100000 to complete and
check to which would affect many
producers and workers.
States and municipalities, however
voted Tuesday on bond issues to pro-
vide funds for public works involving
expenditure OF $500, 100000 and suf-
hcient of these issues were authorized
TO provide tremendous demand for
labor and materials both raw and
manufactured. Banks and invest
rnent houses also arc preparing to
finance public utility betterment pro
grams, the inauguration and expan-
sion OF bus lines and the merging of
mining and industrial concerns of
various sorts which will require
Worry Over Tariff On sugar.
Another danger, seen especially in
the Middle and Far West lies in the
possibility that the tariff on Cuban
sugar may be reduced by presidential
action now that election is over The
beet growers continued to assert
today that their industry is all that
keeps the consumer in this country
from being at the mercy of the
cuban producers and big reiners so
far as price is concerned
With the domestic sugar growers
driven from the field, they see
nothing to check valorizatfon
scheme by the Cuban government or
a coalition of Cuban growers which
could so control shipments of Cuban
sugar TO this country as to enable
them to name the price desired. The
domestic producers say that is exactly
what happened with Cuban sugar once
before and what is happening now
with Brazilian coffee owing to the re-
strlctonS on shipments of the latter
commodity by the Brazilian govern
ment
Since the lowering Of. the sugar
tarlH wall was emphatically demand
eo py the campaign managers of both
Davis and La Toilette, however. the
beet and domestic cane growers are
somewhat less apprehensive about i'm
mediate lowering of the sugar impost
by the President
In general, despite these instances
cited. renewed activity made itself
felt today. Railroad and vessel men
turned every effort toward moving
grain and other crops. New high rec
ords for all time were reached in
grain receipts at Duluth, which to-
tailed over 58,90O,000 bushels. Stocks
in elevators there exceed 100000
bushels. In order to provide sfor-
age space for grain which will be
marketed in the winter months rec
ord shipments must be made before
lake navigation closes. Similar ac-
tivities are necessary in other grain
centers.