THE EFFECT ON COMMERCE.

Stratford Evening Post, Volume XXXIX, Issue 91, 7 August 1914, Page 4

THE EFFECT ON COMMERCE.

Ks position as the rempire being at war irly understood by the the Dominion. The r the moment must be is trade. Shipping will :1 and merchants and ■xperienco difficulty in fman cial a r ra n gem cuts ret their obligations in •efusal by the Telegraph > accept messages in +cbde or cipher embarrasses both the tnancial institutions and the merchants, but this may be overcome. In addition to these troubles there will be, of course, the interference with, manufacturing industries in Britain, Franco, and Germany, and the complete cutting off of all snpolies from the last-named country. This will open the door to American Enterprise, and no doubt our'trade, both outward and inward, with the United States will be materially increased if the war is at all prolonged.’ An effort will be certainly made to maintain a portion aj: least of our export trade, and on this much depends. A decisive naval engagement i

would clear the air and make the position plainer, hut the risks to shipping from Hostile cruisers and armed merchantmen will in any case mean costly transport and heavy in*» surance rates.