New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-01-01

roast marked prosperity Inc '"'-A1
r,rt trade Of the country Is RECORD
- Up to December it equaiied that l0'
~ost nrosperous preceding full year. Iht
therefore equal TO that for the las
- month. The activity of the year II
- manufacturing and speculation has beer
- Iimitless. High water mark has peer
-,ossed in many directions
h na..a and prosperity have gone hand In hano
a.. country. The efforts Of the Chief Masis
If the land for the peace of the world
T.. taen crowned with success. With the nltl
T.. rsiped by the results Of the Portsmouth
.srpnce. the second Hague Conference
fslcb will probably mark 1906, viii show
80, advance toward the vision of the poet.
III. war drum th-ob'd longer. and th'
oaL pariement of man. the Federation of the
= nav well be hoped that the precedent set
no rnler who called the first Peace Confer
T. ST The Hague, Nicholas of Russia, may
4, bs followed. II his case disastrous wal
Ebrosd has been followed by riot and revolution
& home which threaten not only his throne
krs the future of the land
II has been said that the average mind gains
I, definite idea of any number which exceeds q
opssnd millions, which in the French system
n notation used IN this country is called a
haron If was regarded as indicating the
k-patest possible degree Of prosperity for this
Euntry when its export trade touched the bill
H. dollar mark in 1895, but this year the total
g in excess of 81, 800 100000, while the imports
hsra SURPASSED the sum Of S1,00O,O00O00. The
End total of the trade Of the United States OF
Emerea in the year of grace 1905 was
E7750OooOo.
I This represents the foreign trade. without
kounting that with the island possessions, com
Sarce with which has ceased to be foreign, but
SBhch last year was in excess Of S1OO,GOO,OOC
End is steadily growing.
I No data exist in regard to the immense inter
k!ate trade which exists IN addition to the for
lin commerce and occupies 50 many Of the
kearly ninety millions Of population Of the half
hundred States and Territories Some idea may
Be gained from the figures Of the production OF
BE- greatly to national welfare These surpass
Nor last year not only those Of any previous year
En this land, but also those Of any other land on
Ete face of the terrestrial globe. The tremen-
EOus total of S64l5,O00000 is the record for last
tgear, exceeding that Of the previous year by
s225Q.00O,lOO and 1903 by 100000, 900 In addi-
zion to this, the farms Of this land have risen to
Ethe value Of nearly S20,OO0O90 900, an increase
kof more than SG,0O0,O0Oo1O in the last five
KgeaB. The manufacturing industries Of the
country show ike growth in the period Of
kprOsperity, which has now lasted for an ex-
Ltended term Of years
One Of the accurate indications of the cOndi-
ton Of the business Of the country is the pro
auction Of pig iron This production now
amounts to 25,000O90 tons annually, which is in
The main absorbed By the enormous demand for
Steel for railroads. bridges. tunnels office build
iiinggS and agricultural implements.
Another barometer Of the condition OF the
country is the stock market, and Of this Wall
! Street is tie index 4 year Of remarkable
activity has prevailed in this financial centre
sand with only triffing f7urries the general con
oinOn has been one Of extraordinary prosperity
speSplte conditions Which tended to unsettle con
.Ruence a high level has been maintained The
nhsuspected results Of The insurance inyestiga-
s. while shaking public confidence in hitherto
eached probity and revealing as facts con.
sfi'ioils which had only been suspected by the
t..Aest Observers. failed to produce any especial
- on ne market for securities. Neither did
-isa Price g which call money arose il the