Cameron County press. [volume] (Emporium, Cameron County, Pa.) 1866-1922, 1906-10-11
Good American Business.

In the United States during the first
half of this year $26o,ooo,ooo was spent
for new buildings in twenty cities
| 81 100000 more than was spent during
the corresponding time last year in
tWenty-four cities. OF the $I3ooo,ooo
increase, 100000 was in Greater New
York, whose total was $88,ooo,ooo. Los
Angeles spent $Io,ooo,ooo during the six
months, an increase of $2,4oo,ooo.
In the fiscal year just closed Puget
Sound sent abroad $17,ooo,ooo worth of
grain and flour, an increase OF $I2,7oo,-
600 over the last fiscal year
June is never supposed to be strenu-
Gus business month; yet railroad earn
ings last month went on increasing right
along over the same weeks of June,
1905. Some of the items for the fourth
week in this June are as follows: Wa
bash $4,000; Missouri Pacific, $175,-
900; Louisville & Nashville, $I28,ooo,
and Missouri, Kansas & Texas, $780,
500. That is why railroad reports from
Chicago say: Despite all reports to the
contrary, there has not been summer
in good many years when everything
looked as bright and prosperous as at
present" Here are some of the gross
increases for June: Vanderbilt system,
$I,85o,ooo; Illinois Central, $228,ooo; /;
Yazoo and Mississippi Valley, $I56,ooo
The Burington's annual report, to be
issued in August, will show S7,ooo,ooo
increase in gross earnings.
Thirty-four million barrels of Port
land cement were made in this coun-
try last year, an eight hundredfold in
crease in twenty-five years The value
was $32,ooo,ooo, an increase of 1884
900.
In the five years from 1900 to 1oo5
capital invested in American manufac-
turing has grown from $,o8oo,ooo,ooo to
$4,000 100000, and the annual product
from $I3,ooo,ooo,ooo to $I7,5oo,ooo,ooo
In the fascal year just closed we alb
sorbed more than a million immigrants.
They brought with them $Io,ooo,ooo in
cash. We need them and many millions
more. The cry is heard from every part
of our country: Men wanted"
Our circulation of national bank notes
increased $Io82,7oo in June and $685.
3o2,554 in the fiscal year which ended
June 80, reaching $56I, 800, secured
by an equal amount of the best bonds
on earth-American government bonds.
This is the highest recorded bank note
circulation. Prior to 1902 the highest
record was on October I, 1882, $362, $780,
Coz. On July I, 1891, the amount was
only $I67,557,2I4.
At Seattle in June sixty-four deep sea
vessels arrived and seventy eight de-
parted; passengers inbound, 58,oo3, and
outbound, so,25o Imports, $I,44o,78o,
and exports, $I,357,oo2, a total foreign
commerce for the month of more than
$z,8oo,ooo. This business was done with
the Orient (mainly), England, British
Columbia, South America, Siberia, Ger
many and South Africa. In addition,
the total value of domestic water ship
ments was $5,643,284, making total wa
ter commerce for June of $S, 100000.
Southern California reports some big
crude oil contracts 100000 barrels
for several private firms in Japan; TO-
900 barrels deliverable daily by one COM
pany in the Los Alamos field; another
company has agreed to deliver 10000
600 barrels in Chile; still another COM
pany is buying three new tank steamers
TO carry California oil to Hawaii and
Central and South America yet another
California company has almost COM
pleted its pipe line across the Isthmus
of Panama. There will soon be an
American Panama Canal of American
oil. with eight big receiving tanks, four
at each end of the Isthmus, holding 2oo,-
600 barrels of OIL
Good American business is again re
hected in the total money circulation on
June 80 of $2,744,483,83o, being nearly
$IoS, ,ooo, 900 more than on June 80, 1905,
and $I,o28,ooo,ooo more than on Janu
ary I, 1879, the day on which Uncle Sam
resumed doing business for cash. The
present circulation is part of the gen.
eral stock OF money in the United States
which amounts to $3,o6o,ooo,ooo, an in
crease of $I2,ooo,ooo in the month OF
June. The circulation is equal to $32.4a
per capita of 84,6o2, 900 population.
Grain receipts from January to May,
inclusive, of this year, at New York,
Boston, Philadelphia, Baltimore and
New Orleans, amounted to $I32,627,667
bushels, an increase of 100000 bush
els over the corresponding months OF
1905 and 100000 over the same period
IN 1904