Show I Iii Week lU Review of the i II In Finance and Trade L I- I By Ira ITa C. C Tichenor 1 experience of disagreeable conditions seldom proves I I i. i ACTUAL as trying as they appear when viewed from a distance This has been demonstrated ted in connection with each individual industry and with the country's financial and ind industrial situation as a whole when considered in relation to the readjustment of the 1 country's affairs from a war to a peace basis Viewed Viewed from afar at the tin e of th the of the armistice it t did not appear possible for the general business cloud to have a c silver lining but the nearer it approached the less terrifying it r appeared and one by ope the shadows cast oyer each industry t. t t have been dissipated until the cloud of supposed cyclonic origin ha proved to be merely a trade fog and through which the sun prosperity even now is s shining tf Wall Wail street traders as usual in such cases took first and ty f greatest fright and rushed penmen to business storm cellars seemingly in confident that the country's entire trade trade str structure would be blown to the bowwows But no such was exp experienced gradually the traders got over their fright and of late they have taken on so much 1 exu erance that it has been necessary for the fin financial powers that be to draw the loan line a little tighter in order to pr prevent vent i the i market from running away with itself J h l ViALL STREETS STREET'S first fears vere jere entertained for the steel inVY in- in VY VV but within a few weeks after the cessation of hostilities hostilities ties official announcement was made by officials of the larger il that the work of readjustment had proceeded to such 1 t an n extent th that t there was no cause for alarm over the outlook The automobile manufacturing business next was y by b Wall street and many sympathetic moans were uttered over the anticipated fate of the makers of gasoline buggies t Even while the lamentations were ere in progress the big auto f manufacturers began to announce that they had progressed 60 I 70 and 80 per cent with their plans for readjustments and that the I j r r of the per cent was not offering serious obstacles t The outlook for building which was nearly two years behind its usual schedule was declared as late as the closing months of to be be serious yet thus early in 1919 1 a building boom is under way throughout the country Accordi g to official reports from ninety five cities there has been a gain of 24 per cent over I the same period la last t year In New York alone the gain over February a year ago is 90 per cent W Salt Lake is beginning to experience this boom and with the r assistance of a big committee of energetic business men construction tio tion operations soon will assume assume decided activity 4 POSSIBLY the lie greatest concern over any single indu try try- w was s sj j 1 shown for copper It must be that copper was hit lut possibly harder than any other individual commodity as a. a result of 10 the sudden cessation of hostilities V With prices cut almost in two for a i created at the highest cost in the history of the industry a big su surplus plus stock r on hand the government holding an immense amount for amount for which i i. i thas no immediate use and the domestic market shot to pieces f as it were the outlook was none too encouraging I i lt r Fortunately the copper industry possesses captains of its l. l own own and these big men capable of doing big things have progressed pro pro- l gressed to such an extent in solving their trying problems that it itt t 4 can be said that the worst is past and that the future although U. U it may not be immediate is bright for the red metal It is a certainty that there is a scarcity of f copper in Europe and that sooner or later the demand of that country will be enor- enor With a building boom under way and the general domestic I market J gradually recovering from its enforced inactivity it is isi i confidently that the demand for copper soon will reach s at least the the prewar figures I 1 The fact must be t taken ken into consideration too that about 85 cent of the of the per people world have had little or I no with electric power telephones or electric lights 4 U and that the war has arouse many backward nations to a desire 1 for modernization i L Wh When n conditions conditions' again become normal as they must within t il a comparatively short time and new markets are opened it would not be surprising if copper should sell at prices equal to if f not than it attained during the war k i ALL the great industries of America tile the which j. OF only one r Wall street trader have not voiced a feeling of fear as to pt u the future is petroleum The reasons for this are obvious This is the of oil and the demand which age was close on the heels of r the supply even before the outbreak of the war has increased as 1 r result of the conflict and will continue t a to increase to an extent rt that hat cannot even be conjectured The prevailing oil boom boom- in Texas has been reg regarded by bJ r many people as t ry a and d much overdone affair but close J 11 students of the 01 oil industry have reason to believe that it is but j. x the forerunner of even greater periods of excitement when new fields are discovered in the future Wildcatters are at work in every part of the United States jt where there is the slightest hope of f developing oil pools and it is f 7 an absolute certainty t that at it will be but a comparatively short time when the country will have reached the end of the lane so f fa t as as- new producing fields are concerned Ther There are those who scout the idea of Utah ever experiencing an oil boom but those wl who o have closely studied the in Jl connection with the increasing demand for oil as wen well as tile the OJ favorable conditions existing in some sections of this state are areti confident that the event is to be realized and dOUbtless durin during the present year 1 I t I |