Salt Lake Tribune | 1915-08-11 | Page 7 | Year of War has not Affected U.S.

OF WM HAS NUT AFFECTED I i End of Conflict Would Mean Opening of Big Business Affairs. The condition of the United States after a yeas of the world war is the leading topic, of tho Utah State- National Na-tional bank's trade letter and business forecast for August. The general tone of tho letter- is optimistic conservatively conserva-tively "bullish," as Wall street would phrase it. Mention is macje of the great amount of business the country is doing in war exports, from arms and ammunition to shoes, but, says the letter, "the business busi-ness situation in this country is no bettor bet-tor at this time- than it would be had there been no European war. The oul of the war would mean the beginning of much business in this country which will probably not be taken up until tbe European trouble is settled. F l-'ewer failures and satisfactory credit conditions, a slight increase in bunk ele-'irins duriim .June, great activity ac-tivity in the shipbuilding industry and increases in the gross and net earnings of the steam railroad arfr among the optimistic features reported. Of crop conditions the letter says: On the whole, crop conditions are quite satisfactory. It is hardly to be expected that either winter wheat or corn can live up to the government estimate, but, outsid,e of corn, all crops promise to give a good account of theniyelvcs, and even the cotton, crop, on an acreage reduced by about In per cent from last year, is premising to run as much as twelve or thirteen million bales. Ui the last cotton crop, we have exported up to now S225 bales, compared with 8f7o bales to the same date last year. Our exports this year were made later in the season, but there would appear ap-pear to be little room for complaint com-plaint in this showing of cottou exports.