The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1913-07-16
In May DetrOit's Increase was l3
Per Cent and Cleveland and
Cincinnati We're
Passed
WE TAKE FOURTH
PLACE IN BUILDING
Showing for First Six Months
Includes Jump in Population
to $4,000

In almost every city in the coun-
business dullness at some time dur
ing the past six months. Detroit is
exceptional in this respect. Its gen.
eral tide of prosperity is we'll illus
trated by the following Board OF Com
merce compilation OF facts in regard
to those lines OF business concerning
which official figures are obtainable:
Population, July I--1s12 54l213; 1919.
10000; increase 80 per cent.
Municipal finances, July Assessed
valuation. 1912. sass 6sl6. 400; 1918. s49l.-
preparations, 1919, si4 .os2.354; 1919.
levy. isi2. ss,oii.e55; l9is. ss.ssi.Iss.
Banking dgures, June statements
Capital and surplus. 1912. S22.606,p40:
,r$, 1918 So i6S.ooo' Increase ease 7 per cent. cent.
Loans and discounts. 1912. sSi,7s4.eiI:
1913. $40 ,239,SSi, increase "a per cent.
$s6. lao 907; increase 23 per cent. Total
deposits, 1912, s179.4e9,7s9: 1913. y1si.-
l59,1o2; increase SO per cent Clear
s6S7077.33l; increase 20 per cent.
Building constructions, six months
NYmoer y of permits; lsl2;; s'tssi i sisi
cost. 1879, siS,6i2. SO: 1918. sis.5s5.s4e:
increase 207 per cent. Manufacturing
epildings cost isl2 SasssSgs' 1919.
Federal business. six months--Tot@l
exports. i9I2. i.755, $50 1l9is, ss5,sss.
slpor. sS s Z sss Ssp i 4'Gmsss
isis. sa;7si:l7o; 1919, sItssss. ... IN ! !
1919. si,ao7,o5s; 1918. si,so! .l7s; in-.
crease 16.a per cent. informal Uye1nnxcve
1912. s3,226.i4o; 1913, $s,so1se0xs in@s
crease 15 per cent. ~
Detroit is the only large city IA
the country in which the bank clear
ing have shown a substantial increase
every month in the year. In May, for
instance. there was an actual decrease
in Boston, New York Cincinnati and
New Orleans In the other large cities
there were increases varying from
per cent in Chicago TO l3 per cent In
Detroit, which was the largest of all.
In this month Detroit passed Cincin-
natl and Cleveland. which were FORM
erly far in advance OF il.
In building construction New York
and Chicago largely outrank other
cities. In the next class come Phila-
delphia, Detroit. Los Angeles and San
Francisco, with varying figures. In
1912 Detroit stood 9Th with New York,
Chicago, Philadelphia and Los An
geles ahead OF it, These cities retain
the same relative rank through the
first months OF 1918. though I'm June
Detroit was but a little behind Phila-
delphia and was ahead OF Los An
geles. The figures on which these
are based apply. OF
course, only to structures within the
city limits.
Until within few months past
there has been no means of ascer-
tanning the amount or construction in
the suburban villages. Highland Park
recently adopted an ordinance under
which permits for buildings are re-
CURED. They run from $25O,000 10
100000 per month. In the first week
in JAly, however. the Ford Motor com
pany alone took out one permit for
office alterat-~is and additions TO cost
sl25,0OO and another for a new fac
tory building 10 cost SS25,000. These
are as much Detroit business as
though they were within the city
limits.
The exports have been somewhat
variable. In January they were the
largest in the history of the port
with an aggregate of over 81 900 900
and gain OF 80 per cent over jan
uary, 1912. On April and May they
were less than for the correspond
ing months the year before. but the
aggregate gain or the six months was
l3. indicating a total for the year or
about S65.000. 900 and the Superior dis
trict with sl0,000.O00 10 s12.Oo0.Ooo
were consolidated with the Detroit
district putting the latter we'll up in
the hundred million dollar class.
OF manufacturing industries no OF.
fetal figures are obtainable except in
census years. But il Is well known
that the factories I'm Detroit have
rarely been as uniformly busy through
any six months period as In the first
half OF 1913. AS one indication the
Edison Illuminating company state
that they are now furnishing 80 Der
cent more power to manufacturing
than they were a year ago.
Increases OF capital to the extent Iof
over sS,090,000 by old companies IN
The first three months of the year fur
nish a still more striking indication
Df prosperity and confidence
'pV-'N uuor pun kuApsoIU ZOO .~suyu
-uSf ps11 e sSs surIeuuL suIa IoI