The Idaho Springs siftings-news., 1906-10-20
Good American Business.

In the United States during the first
half of this year S2oo.ooo,ooo was spent
for new buildings in twenty cities.
sIS,oooocp more than was spent during
the corresponding time last year in
twenty-four cities. OF the Si3,ooo,Uo
increase, 100000 was in Greater New
Angeles spent SIo.po.ooo during the six
months, an increase of $2.4oo.upo.
In the fiscal year just closed Puget
Sound sent abroad SI7.oo,po worth of
grain and flour, an increase of SI2.7oo,-
600 over the last fiscal year
June is never supposed to be a strenu-
Gus business month; yet railroad earn
lngs last month went on increasing right
along over the same weeks Of June.
1905. Some of the items ior the fourth
week in this June are as follows; Wa
bash SI1ooD: Missouri Pacific. SI7s.-
600; Louisville & Nashville. SIesooo,
and Missouri, Kansas & Texas. sIee,-
500. That is why railroad reports from
Chicago say: Despite all repotts 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,
St.2sooD: Illinois Central. $22S,ooo
Yazoo and Mississippi Valley, $I56.ooo.
The Burlington's annual report, to be
issued in August. will show 100000
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 S32,oooooo, an increase of S5I,S74,
900.
In the FIVE years from 1900 to 1905
capital invested in American manufac-
turing has grown from $.oSoo.ooo,ooo to
SI4,ooo,uoo.ooo, and the annual product
from SI3oooooo,ooo to $I7,5oo.ooo,oop
In the iascal year just closed we alb
sorbed more than million immigr ants:
They brought with them SIo,ooo,ooo in
cash. We need them and many millions
of our country: Men wanted"
Our circulation of national bank notes
increased SI,oS2,7oo in June and sos
3o2, ,554 in the fiscal year which ended
June 80, reaching S56I.II2, 500, secured
by an equal amount of the best bonds
on earth-American government bonds.
This Is the highest recorded bank ftotc
circulation. Prior to 1902 the highest
record was on October I, 1882, S362, ago
Coz. On July I, 1891, the amount was
only $to7.5S7.zi4.
At Seattle in June sixty-fo deep sea
vessels arrived and seventy eight de
parted; passengers inbound, 58,oo3, and
outbound, so.25o Imports, $r,44o,7So
and exports, $I.357oo2. total foreign
commerce for the month of more than
$2.8oo,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 S5,643,e84, making total wa
ter commerce for June of $8,5oo,ooo
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 lsthmus
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 $2,744,4S3,S3o, being nearly
S1oSooo, 900 more than on June 80. 1905,
and $I,o2S, 900, 600 more than on Janu-
ary I, 1870 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 $3ooooooooo, an in
crease OF 'SI2.up,ooo in the month OF
June. The circulation is equal to S32.4a
per capita Of S4,662,ooo population.
Grain receipts from January to May,
inclusive, OF this year, at New York,
Boston, Philadelphia, Baltimore and
New Orleans, amounted to SI32,627, ,667
bushels, an increase of Al 10000 bush
els over the corresponding months OF
1905 and 100000 over the same period
in 1904