New-York tribune. [volume] (New York [N.Y.]) 1866-1924, January 04, 1916, Image 12

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New-York tribune. [volume], January 04, 1916, Page 12, Image 12
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924

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New-York tribune. [volume] (New York [N.Y.]), 04 Jan. 1916. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83030214/1916-01-04/ed-1/seq-12/>

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FINANCIAL REVIEW AND
1916 OUTLOOK
FRANCE GIVES
PROOF OF ITS
NEW STRENGT
Increase in I xporls Sho*
(adjustment of Trade
it> War.
Dll IK LIT YEAH
VAI IANTI V m
I Rthtn ?a?n! of the* Masses \
pears in Response to I nan
i \ Icton
B- " \ I S Gl mm
l * ? .a? - - i, | a,
?
? '
'?
F
1
Vi tory."
?
? - of franc
?or temporary loar I
? nd bor
fence, and otl*
ii g t?rm
}'.
who gave 1 gold i
? tl
I he grea
more than I 1,50
000,000 ? and how i
? . ? - ? ? ?
;.-s is shoa "
a
ntimbei of individ .
tie- - ex. .*.
\*.ard of 2.000,000
in?**' ??* ? ? Pal is. ' ? '
prcat f-ini subs? i I I,.),0
franc:* repi ? ?
;,' the dis] ? **ntn?*r
while nea
v
?. ha? . ? I" ' mai
Basiace? Mach Impn
? nd of tin- year ?'
iiiieiai'i?' aim
? i
? '
ber, 1015, and tl ? onth i
1914 an
between the
moni i.
(MIO.dun :
g ne to ai ii ? ? ? ?
war purposi i
creaaed 11''.
76,1.,1'""
through ths pa
ted
I. O tob? r, 1915, th" inc i
Octotor, :
ooo -..
crease wa pite 1
I
i i.'i moi
r?e. < 'ont r<
f-ult.-. par? laMishin
? tior.'ii?i! rate
If th?
censumpt ippl't
have pa ?
Mme ti ? he ma
?
?
... iii
a. ventured i
M of the ??
V 000 M '
ir, ?
end of IM
?." i
?mount t'< .
while ' ' R ?
*-.. or.oo ooo.
Thui tl '
bai air? ady \ .0,.?
Out?, without counting 11
Sorb?a and Japan.
Grewiag i oil oi \s ?i
These fig are, of course, onl*
an;. jenen Ily he
low ratl
d? September 21 1915, Mr
r :? in the HoU
ut ?4-500 laj the :
#>?? pe? (Ht ure 1 I: ? ?? : hat i:
o;>\ befon ' '' ?
i " ..? . .Mr
J Kenna
in :he lai
v ? the < xpend tun ?
t,, a' ;,000 000
trio monthl** < ; ? ive pro
I l ?ft 1,865,000,000 anca
fur the last five montl of 1911 to
r thnate of !,1.
for ?M fir*-* three month- of 1910.
AU expeneei of tl
g ?? incluih'il il tl
I military exp
I as follows: For 1
: ??, of 191 ;. I ?
('IK?; for the l *
! 1,100,.,000; ;oi
?(muter of 191
nu?! for the fourtl
] 1,570,000 001 i ? ' tal mili
tgrjr e\p? i pat l, 1914,
tg Deeen ? 81, 1915, reaeh?
U.OOO.OOO ?'.- ?'
tl? tot*
war to that dale ?rill he b'r*. 26,-1
HOW THE TRIBUNES
AVERAGES MOVED
I UT] ll\ la Ml N
lie. rinl.or M, IBIS l?1 ?'''?
lleremlia-r III. II? I I ISS.1t1
.li.la .... CHI I ?li.l.-..
iiiuii. lull reaw, ISIS IS1.4S3
11 v. i, n ?r.u. ni.-. lai.iti
Hisii. IBB ?? ar, IBM ?"'? '"'
, I o? lull .1.1 mm? '.?
i \\ i i \ i i*iu?iiii?i?
llr. . i:ili.-r :1 IBM M R I
lie. fin', rr 111 IBM ?i II?
li.l? '?" I'll? ... I .
iiisi. : i? " ibis '." . ,i
I ...a, lull -riai I ?'! -. BS .1 '
HiKh ?nil ar n IBM ... ?I SSI
i . . :-. U ?. i mu i ,.; i ?;
?0,000, provided the estimates
??v thra? m ?nthi .<
iod.
In A ben Krs. 1,000.000,
000 is the amount ? . ? under
'!io . ? ? .1 ':, ad i
iule." which ta
BS
?ther dependa ., mei
i" the color.-. These expend?
If course
?? war I'roiii 1-T-. ? - 000,000 per
9,000,000
v. ??1 prol ., i ?
month.
Mean? of Paj i ? ?'
? iencc of I
the ? ins]
; i ?-. .. terror of paper
The state do? s
it. It ha> .- to two
of temporary loan?. The first i ad
from the Bank of ! 'ranee,
"payable in the shortest pos ?ble
delay." lay thre? ? - ? !a\*.=.
August 5, 1914; December 26, 1014,
and May, 1913. these loan i s
?zed. ai i
r 1 ? . 9,000.000,
000. I redi
Frs. 7.400,000,.
, ? ?
??m r-ic law of -Inly
1 1. 1911, which .. ed the s
? ? i 10,000.000 of
by the la - 10, l!?!"'.
which authorized an issue of
months' aid six months'
By the on?!
?er tin? issue had i i
19.00 1.000. Tii? ? ?
I the j
rond ?crie* of bonds for the
national defence, payable ?i
They ed 1
i..000.
Refund?as, lhe in M.
Evidently the pov? ? would
:<, com ? I ?? temp
. an?!
-.'.In,'ii i- l.einpr
? ed "lit by the G pe .??
ore opone?!
'- einl 25. i i"iii the pro
I I oa n ti
hy tlio Bank of I -o re
paid, ami - can be es! m?a1?'?! that
:lio loan will al' : ?' in ighbor
13.000 "m. -
shorl
?
term ive eep thei capi
? i ? 1,028.000,000 of
, .? ? Ens land i?" i ot
Jiave t" ' ? paid until ?.?i?' year after
lin- i f peaci while it is
ary for 1I10 moment t?. It
. : bj tii" loan raised in
? ?ca.
The now ."> por c< loa will.
par off ;ii?' Bank of
, ;. ? a the
. . ?on ,' hich
have ' '
. ?mi in whal measure will
n ',.. . . foi th< gov?
it i tii?- ?neat
pi obi?
Hut. whati '
if the loan, one can ?>c et I
that ol wip-1 out tin- re
. ounti j. 'I'll?" ? em i
nu-ut ha ? had i.'iir r?
i?, adi ? ' ?
?Id.a to Met .III? i-I
?In- - que ?1 ?o? . I loa
wiil ;lu- ,? ? i ho publi
? he war.' The inters I
can I'O paid m a lai.. econo
, . .i \ i?,'
the Mini I ry "t I'ui?
lic Works, M. c,. Sehelle, pul
in the "Journal des Eeonon
for January an article sJtowing lhat
more than Krs. 1,300,000,000 I
,.od on the h'jdpot v. ith
? public ?service.
invrhile, it i = titno for the niem
1'., ? ',.. enl to ?how 11
. ? the i ront,
the Deputk and .Si
lo something. They have voted
? , ? ?
they ha*, c pi* on the
ol) o! id?- : tat ion of cram ; they
tuna' given the prefect tin igh1 to
? ?' ituffi and all materials
for hoHt and light. The Krench
? .i-.- .i b ie preset I a
cepted 'hose measure! with ?ndlf
for the most part beten
.?i,.1.? to i ul m?o effect. The
table.? for tin- taxation an?! requisi
of grain ha e no 1? ths
ty--i\ -ul' .
'I'll.- civilian r pull
doubl victory an?! il await- it with
La t y ai ?lie soldi? Si
?,-h of t; - I
li.l ? ? ut" ?
occup el witl pecu?
; ' With
a dctem
? . ?i
I the c,i?l??i Of th?' nay. J
HOW ENGLAND
VIEWS WAR AN1
ITS AFTERMA1
Difficulties m ?Hi Curren
Credit and Exchangt
\\ ork for Peace.
A SLOW RECOVERY
IN TRADE PROBARI
tuen Britain H.?s Met Drain
Gold ami Maintained Her
Exports \\ I'll
Bs I R \\? Iji ?V. Milt*-I
i .t.:?- a( T' ? k.o.'.i-i l*r ! ,r.?
T?. Wl it I
,.i .? .. at o? omic revi
year in the n I
....
? '
rd< .
of ITm N
. :.
d h>.m man)
the be gen iti will be
being
p*i on pa ?? ? upon th
ntesl depe
entirel* poi I he date at whi
t ided. As 1 v.. ite, I
the first tin .' ? ' a
?
ibilitj .and he |
f an i ai
Fron
Gi lany and ii Ai
gs of 1
; 'er m oh
in-- ..f war which the governmer
non . < 'ne ii ;?;
oui :- ar of
thai pherc ai hoi
;u .! abr ?ad if becon
? bl< t.. peace, i
' diplon* ?;.. though -t
viry diffieull
I ..
by 'lie ? sj :?'
I . .?'.irroni
n - . ange, v hich become mo
formidable month by month
; and war cos?
Since lasl < hrii tms - a*e ha'
seen our expenditure rise I
than two to m y five ?:.;'lir>n.'
rla;. v..- oa .- seen ti .?
..ir.l <?" a1 Britai
tun. against us; we have seen
serio ation in 1 hi
? ." i rai ' ' a' ?; Italy, ai 'i a fall <
moro thai 50 per <*ent ?n the oxtc:
nal value of the Russia rubl
?i- the othi hand, the <?;,- ;,., ope
, :. ?: c " ' 'I '." the enemj. Oi
??'. port . though inad? quate, !.. ?
Tar* r.' " derl till} ? >Vi mail
? i. del pite : ;.. . ' listment t
Ihre'- millions of the best woi r"
jo tht? country. We ha' e had ma,
nificent support from the coli
The ri e m prices has been ser
.' , . but the cost <>f ii-. n g hi. h
Mil---I o tin little or no privatk
:* M ' working classes as
whole, oh in*? to the liiprh*-: wni*i
the mobilization or" t'c-i ale an
child labor Theic i- practically n
'.. :;t. althoughj a ??? rtai
hin? landin
?die through nhortagi of lahm-. Th
' ? . -iii'-?' eottoil trail'- i- dull, bi
nearly ail the staple Industrie c
the country have more order ilia
thej ' ? to. ? Pur chief con:
mercial difficulties spring from wan
of shipping, congestion on the rai
? I e port?, and from un
: ? < i ha - v i ii New Iforl
I ind, Scandinavia and Span..
So far the drain on "fold ha I ? ?
I be exp cted, bu
London will certainly need more sup
I'li- from th. ?: gold hoards i:
!' .h .I Pel rograd. There wa
able t i-t* lasl month in th
price of silver, which ia oxplainoi
by the demand for a silver cum ncj
?. v from ,-pi'*ion of smnl
money. Tin-- or ly gpplk
1 .i-1; to the ten shilling notes
Workingmen dislike these, ? the;
i ? ? ? ?, i ? ? . .. So oui
? ha been ? ? ?:;. and nigh
' ip| ? currency, wl ich, ol
court e, is a profitabl?
?
Gold i >? ??"* ppc? r h ?m Ceatlaeat,
i ?. tile i ontinent 11 moa'' i
.- ' ml riea i gold has long dis
. ppeared irom -- >arlit. h is hoarded
by the governmental and by* individ
In l .i' ' e many of the towi i
led small jioto- down to a
. ar.? -il-? r has been !ar-*e!\
hoarded I'. Belgium and m the oc
cupied districts i'f Franee "-mall
thi .. peps r aro issued in
lieu of cupper or nicke! coins : rt
-i-t the distributioi <>f food by the
Relief Commission. Redundancy of
paper money m Germany a o \ .
tria a..''int- for the growing weak*
..f their exchanges, and ig al!
tin- n.' ' in* ti i tea of tlv-ir
? .L" comm? -
One qu tiern raised m ? ?nneetion
?h.- exchange? i- whether the
... ' rom I.... don :?> Sew
\nu, Amsterdam and **Copenhaa*e*"
AMERICAN PROGRESS IN THREE YEARS' FIGURES.
Merchandise esparta i??? elevea as?alas saded N'ovesabei
MerehaBSllas import?, for ?-1?-? ?-n bbbsIbb bbbM Xaveasaai
i !?a Pf? exports f??r rlearn month-, eniliil N??? miln-i
l.nlil export? fur eloaeii niiintli? rnilr?l \n? rniliri
i,nil! lasaarta lor elevea Bsaatha aadad Novesabei .
Escasa laiBorti fat elevea asaath? twdad N'avembei
Vatleaal Baal aapeeits Si-pirmber .
se?a > ?,rK < U'.iiinK ReBBS ?? ui-|?ln-*. mil *e.n .
Baak rlearlaaa .
Ne** *i urla .-<i?h K Exchange -h.?i sa -??l?l .
Nh>. \ ,,rl. ^t... I. I v. bailgc tionil- -"III .
< ..ni un i, ml I i.i I ii res (llaMlitica) .
Kailraad raralags .
Pig iron iiriid.u i uni linn?! .
\ 11 m i nl pi in? i pa I f .inn riBBS.
Wheat , ritp llniaheKi .
???m rrnp (bassWIal .
? ut tun i rnp I halas ex Hatera) . .
191...
,*.:.liti.t,,'? I, .
I4134SS4S4
1479471491
l'i.-,:ti,.t,.'i?
I0i...'.ll.'l|.t
;iH7,on.V-'Mi
S.742.1U.71S
I4SJS1.1M
s"..rJ7.Jt9.non
171 717,.'Oil
?n.,, Jit.-in?
nii?.ie?l..
.'. I, ?.?.I??.?inn
2*499499
.',,j?i-?.771 onn
1411491499
14*4421,999
11,191499
I ,:
191 i
11 IS7491 If.
1474,919.4] ,',
19.472.1 '?<?
123.4SS.2S2
324784711
MfS4fa4?4
6,139,981479
121474419
MS.ISMN
IK.717.HM?
l?,l.' ?7...IMHI
: 57.SSS.S9C
2,493447.998
?2,939499
I473427.9N
"?91.017, (Id. ?
24724S4494
19,125,999
'Eicess export)
o, (ober ?all.
v .! return after th ? ?va
like i > ma I ? financial i
o? pend? upon bow
of atti it;..:, mid exha isti
?II :h. ii i*w
and the woi Id i, I -h
.? dt ? d by thi
i rotective tariff th?- i
m its coi ide. V'.
?
afford to imit?t? ?
Amen, a 01 .? ?Soil" "'
i ?erman?.
another pi oblem .h .
ii nip I ? our min .
i an '?? ???! c ' he i and
? to mentioi lire, rot
. i ? . ? .".i ? a
it the;
in tii ?
ng or
i practica
ni v. foi Brii ish invi tors in the i
1 rench loai , a ho sta to |
i; per cent on their money if
i; to il old
?
course, all important. I find
?
. 1.1 war. wl
r... . ?Id i?
i ha " !" <? ?? ??!? ?1 cniplo;
the wc
g di n 8i 'i .
absorb all thi '*? "
V. ;i ?I : laid :i inilii"n ?
dier? were dir banded in a f
?
I'ut that fortunate
fill} a- . . ? ' :? i fill opi
injr up of a vast
soil which cal ? d foi fa n
e railways pusl
I'.i Coast. Aga
after the I ranco-tierman War. thi
were a eou* >?'" v erj go
ti sde.
Thi Napoleonic war
hand, were followed by a l"t>i* per:
o- exhau: I ion end poverty and m
. ot' which ("real !? ita
i ;. . .' full .-hare. The load of t?
nd deb? ? eighed hea** ily up
us. I vei fear that we are
a period of i ti iffering, a
that tin* exhaustion "f credit a
prevent anything like a tradi
And I agree v ith those who ?
lood of emigrant to tl
New World, especlallj from (?<
many and Austria. Will the N?
World be in a condition t" find woi
fi :? thi
1 ? n at tl
., cial and economic lossei vrhi?
will ; to be made good by futui
industry and savings. Since the wi
? ? ? . ? .
writer have n
the II ? a/ork i
hi. gi guess? bul there
.i-i. official i foi mal i
o- to approxi atui
;. ppend 1" re a sel of figure* to ii
i, cate v ha? may probably he il
?? ? , ...
ligerenl pow?
that th-* war ci o after la itin
aboul ? months;
> .
i. ?
... i
i ?
r.
A ? ? I ? ?1
M
' . 4 ?
If the C ist of pen; ion | to the fain
of h< dead and Incapa
be add..! *.. the gbovc figures, you
reader) ? ill be able to judg
wh??thi r ipeculatioi
? .i the impending I anki ii*
I ? '"? justified.
a
America'? Trade Expansion.
i a bet
?? 4 '? ? . r.rnj ihfr? ?a ma<
<* i<? now 'han there ha
hitherto to mak< - ' ?
ninga '.-.i^c port lot
a'orld'a trade," ?????
? ? " ?''? ?? t, ak? no doabt th*' *
can ??" ii ' will be atta
d< .? of meeesi i i??? I nited State .
peaee
...iM I* has bad lereral i - i
gl?r gouil seaaoaa 1* hfi-- i el e
ilat
i ?? \- i i ' g to the wa
I ? ? ? g to almoal
R-reat pom .-r? i ? .,
. ? '? ? te?, th?
is in a posit ghl ???
U own tra
I t ought to b?
the trad
? bj Germai \
II n gai ? rr theii
.
take 1
time before the?, ? to prod
?
th?
\ ??
' ' ttracl
. .
i <
the ?taaorica?
| prorort'.n of ? "?? uro-i-*'? tr?d?- ? |
OPPORTUNITY AT
AMERICA'S D?OP
Bankers Foresee the Yeai
Rosy with Promise for
the United States.
PROSPERITY TO STAY
AFTER THE WAR ENDS
Indiistr.* Is Now Practically In
depeaden! al Europe's
Munitions Purchases.
I-,.-.' ke have a si rongl]
opi ?mi ' - th future. The]
.
Pheii ? ' cern ii
. ', ?
for wanl o! I.?pei ation thai i
. ove them.
\ u?th ..li industry, the war en
,
,,f v > he 1
The !,? ?,, ? lal In
anees expn
the belief thai the busin?
which ? ? ? ih the h? ;*?. pui
?
?o '
"! - ? le" is the ad
?ank pt o-i
i ?me it i
ill' IioM i,pencil up im t!;r
i.- in other cour I ' r- 1'v
the pa ?. ' ' . -,' eon petl
? ejected. We shall i e
: aftei h < '..M
i 11 ?
Op| ? . ?
or of the 1
! VM1 - *. Ml \ win if. rhairmaa N'ea
I i leal lag House I ommittee;
deal N-atioaal H ial ul I oa<
meree:
? -
?hM?.
? - ? Al lantii i
?
? . i
? rhe suppl.t
. (his ' r
I , ; d by the opera!
. , ??
. I
-..,; i
persistent emand foi
., i i '"i
the loar ? f band
Gem -h?!- brougl '
? ?
?? -
undei I that pparen!
eminent an?!
for tra
portal
i ? tin?,
si
......
. ?
normal eondii ion i. \V?
r ; i, ! .
going I
to mee! i ?u i
? ? ?
? i
?
.,'* for
.- , s i erj
? rv reason I
, ? .
man? ? I the futura i
?
? i.
I RANK \ ? VNUERLIP, president New
^ork ? leariag II?>u?e Vaaociation;
pr< lideal Nattoaal Cltj Hank :
v. all fel i i eat ago that in the
s ?.' had no
| ',, i?t;;,le ui. I think :
leal ? '-n' '.ae '? ava r;-,'? ,,r
I r. ? I I .
n i
? '
leflnitel
I j
The
from the
. l h had
? ? ? ?
last
U ; ? ?
' , ,. . r
i ? . ??-.,, .., ?
sr basi
ire for a ?.-?in
?' .i more ra ?nal
and i -
I 1 ? ?ra have reached the
n our domestic affair? and In
r ? ? ?? I markets ? ere w?
nd ?
: ? If v
tell if
operate
? ?
till to b? lolved.
but no! . ? ?? .
? . r freedom 1
?
? nuli'il
....
n ou ???-.
? . ?
?
\. ?: \l:l(?x> HEPB1 KV i hairsaaa
Hoard ol Directors I ha?e National
Baak:
\\,.\ iti il a75
- .."....,.....nil.. .,.;,- expon d .
the men'h of November. "War ma
ti i i'il" i, ? B
0 ' ?' 01 i-,
g
r on.- ivitlt ? he .1 reel and au
nt? .111.1 :ic. . SB O? '?? ur. 1
reprosenti a 90
cent increase ov? the non
i.;' tin' ? al Ii
. ?
?i ?
for elothii
an .
?
per of all I
..
a ' '
' n menl I? I *-r.- 'i*> Miti'1
the ' riduitn
i.."' '.' i ; '?..".'' I
boi 'i " ' f? ?r in oiriri by
? ,, ? id? ' s ws ' ? lai
K .Iran;, into the coifl
i lu- n, *. ? ? a war ord
?? depreaa
1 her? n" ??rei
ma;- be dation. 11
t ? ning pol ' ?
? . -, .
? i conservai
? ' war, we maj be a ita
to rani.
flat? ai
'..i. * in.
I am not o?
? m of too ?? i going
... ... I an?1 1
f Am?
tie?, pit granting
form .o i
? ' ? i . . ' ' ? n ? ?'
?
. - ; r:.,!.: ha? bi
I " i
' .
?
T'iii* eu ? ? ? ? ? -, islbtl
? ? ,.'=o of 1.'. .
-? ?
pr' vor
ted States : I
in froi ? ? " ?
\. .1. HE.MPHHJ-, ( ?airman "?
Direetor?, Guarantj Trust Co
pea* :
?
?ncial enter
I
? ?
tat?
of ri|<- world waa not
? ... ,. . , i king 1
....
.
. gnei
"'?ich tl
v or!.? catastrophe hs placed us. Fur
una'.
forced us ' that ?.ur a
I ? ery lari
the enoi
,
|...: ? ' ? ?
?
.' . '
irge extent, and 1
? . ? be fore?
to lean U| 01
recog i t:,i? mutual int? |
' i. ted m il
r - ii i rer eve
.Iren*! I and our wealth * ?I
rpondingl** inereaae.
Tn orrii r " posil
-? r
strain ?xtravagai e? in expei
PI..1 s? our we? fl
? ?
... . . .
L' ill 'if pi-Otl
'
GEORGE ? \ w rt'YIa, Jr., Preside
Mtrtropolltaa Trasi ( oaapan; :
That In** hriiikintr tu.'I ind
1 loot ?uld not Ko
mu- is my opini
. ' to 'i;?>.
......
many factor coi the
, .
? \*..-i
rd in 191? n
.if thi to our i
? . , ?
the i tiom bu
Biso I p.m.-?'
on the pari of the \
. ?
I Ing to the wealth of the fa
; well knoa : ilatei groa th i
? i. ..n general line? and opens m
unlimited field I ? busines?. ?
movemen i <?? ?
bring them i
erease ? '
atoek, u ?th th?
t? i tim?.
I re
basin? Is s ire 1
?
' I , '
... ;
?? . * . I
?
"im' . ? dich 1ih\<* I
?
' ' .'krd ..f gold c ??.
'lie ha-'s of i in mr n?te err.
Beea im ?i avs ".l our
' ? ' ?r ws have a lar
? of ehean ?
?! C fe;??;-,*?. T . . ?
I for the ... ? ;' ? .,
pn c- and thr estai t of ne?
. - ?
been ?
1
,. tal
war.
*?n< ble im ?
tance is th*> fact that
. ?
compll ?..? - j
trade
?? ir. .i .'vpnr..i thi ? Inction 1
reasi
i?.i",.' ? [>?rge ii
?
? ?i loan
.--- f,,
I ?
t it es indant
. ?
Ali.
" ' ? '
I /
I innilnn-.it '.? -y???' II lolnmn I
ILast Years Upturn
Has Promise for New
Foreign Trade Should Still Be Large, Even
Though Changed in Goods Shipped Con
fidence Restored Financial Strength
Great Business on Liquidated Basis.
Of th? ?< Htt?i ee? tl ?- ? ? -
1911 a rear Red merely of ?
>,' setual piBBpsrlty ?? ,: ?? ? '??>'?<
,;rri>t for?:irn '?.? ??? ' I "'?"I '
eontinoo, chanp,.! though II mat be ;
the ns*'ire af our i sports '?'?'
it I supply '?hut waning E pa ra
?rhaff * eaaa? furnish ta
? ries. PhanoBiaBa! narvast
ru- ?? b SBS4 i i ?'
-..',.- -a l '
; .?! ero.I- I r . ' ' I .'?.? II 'I SBfl '
towar I mak g big ero, I9U ?
furnial Oui ?aal
, 'T.trate,I ??? ro igh th? i ? ' ed?
S act, mi been
a.? |4
gold waa
. ' o ir mare afllc snf use of
.,.
t the beginning of
. . . . -,i-. expand
in?* voiumo of domes? i busiaass.
Ht sueh a tim? rorld iheavi
ther? i ?ttls ta proBhaey, bu
rai eoatinu? li is bailar? I I
we mai gs s sa wa did last ? sa
ob x i eater seals Paaee, svar a pos
If nis problems a
w? have to read bb! i irselves te th
diiTeren! the
e t i t ioi f Eu p? fat 1 eaat a?
it loi lo ar?
? . ? ? | | ?I iod of leadline
We over?ame the a -
arlth a!
th? added strength ?re at.
? srd to rearrs
sffs . ? basil
?
. danger i lelvei
ifortune ml| i ra?
'? '
th? I i our d
?
.
K ? i
?
' al
, |Hr ?, th Aus?
I ...
the
Feraigl (?rd??r? Immenae.
\.ei
. ?
reckoned i?
. d |200.000,000.
0,000,00?
and in Ca?
? r than foodatuffs Mini cloth! ig
? -
er were put I
i rea u I ? 11 ? I - o t' ?
I
. ? ' ?Vlliei
?
more i ? e end of th?
i .'":? 'or product ?n s -
,;. tiie immense nun
?ted tha1
; ',-,,>rtriH
quanti! iea of a I gerei
er being ?
1 ir ?aaneini
? H
ir I
ceeaa of mor4
?
ind api g St.e
I.
?' * . i n in ??run
| .1 '
rar orders,
mens speculation
, ? ?tarted
the ?., ? ? i minimums I
our market from being
? .: . . tion, i
ihara i I prices a '-anced
aa thi lorn or never bef i
Speculative I? rar?-H
,-.. ,| b> I i -
',''?"
' of 1914. A
.
?
.- less dangerou
?
?? "oug ? ? . tracts eul
?11, 'hf market ?? , .
, I price reductions '
t aer i
?
i'orricn ^ellinj: absorbed.
' fear of 1 . tha!
.
? '. ?
seeuril
pr
? . ? ? . ,i
Great
to i ad?
indei ?? i. ., ? ?
schein for j ; togel .,ir so
(flish owners a
% . anci - nr.
....
.
War lias ben. i -
hea? iei in the m precedent? :
ng wag
el I ige i to boi
-
A BI Boi :
t mad?
. .
peeted In part I -.
he.?'? . ? .
i .-,...,,
ruritie . , u
i ?.? he v
G real
i ?
Is. S
let |
? . .. ?es
Before the ? ear I s
? ? i- ; beei
? . I credit were a
rtgagei
? ? ' ? .'. : :
I rj?l?> Espaada >l???*l?.
?
of war ordei
nterwovei
?
. ?
repeated
? ?? throughout !
red fi tat?
? ?
Graduall;
; '
. ? .;. .! ??. ? r- gel ?
. . b? compet? i
?0 " '
cons id
ide ba
.? ! which domestic .-r>n??'ri]c,i.>n
'h;s
year thi
s
1 :7. i n ir
I
i s of 01
?
rdei . ?
? a
g ex* .a
I rat? more thai
?
tiled iato I
i ?- ? ?
e
? ?? ??
'
t the
l
.
?lomes'?c r .* ? g
> rder-. towanJ ; I ? <
up the slack ar..( th? price a
again *< ?vei ti
Buying Increased at Year I
Other, ladastila? erara qjick?r.?d d?
... .
indirect . a n
-*eed vm?- ,;u ? .? ?? - -
lag i ag *! du
-.
?
?
?
rncii
ta being
?
? ?.
-
-
rhed.
?
?
til?* reckl?
g thai
?
I
-
b?
?
Cotton, 1
?
? ? ?tura la ***?<*??*.??.
On tl - ?
.
?. . . ? . -
?
began ?
: ? - '
? ?
gold
nd brought hacV
to th" ? ? tora
rid alo?
wer? mar ? [a earl* au
..
. -t accept. Par
larljr ?
imall m?r
-
BCCOUI for bl
'?i g?t
- i. '
j ??
t'ur the -?
. of induat r ?It .nto
*. ir*
?. ?
R . ?.?-en |*M trm?
?
. tl
*. '-.??
? '
I
i? t?r.
i. ?
?-. b
?
-
1 t of expel
freight, crop?
....
:
I
-
I an
'
?
?
...
*'
?g,
? ?
it
?..,i,t pioaa t n
ii
?*
?
d
I
*
?
n
'?*.
? ?nd ?t the l?t ? ' " * '

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New-York tribune. [volume], January 04, 1916, Page 12, Image 12
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924