The Washington times., 1914-10-25

The continued placing of large orders
for war munitions and other supplies
necessary to the maintenance OF large
armies in the field by the warning ma
tons, together with the establishment
of better exchange conditions, has done
much to improve the state of the bal
anCe of trade Of the United States.
That this trade balance will coctinue
to improve each month is the assur-
ance which Sir George Paish, personal
representative of the British minister
OF finance, gave to American fnanciers
in the conferences held in this city dur
ing the past week. England, he said.
needs American supplies, particularly
cotton. and these supplies, his country,
he added, will be willing to take in
stead of the gold. which but few
weeks ago it looked as though the
United States would be compelled to eX-
port in large quantities to maintain its
CT edit
The heavy shipments have been in
progress for more than q month. On
Wednesday exports reached the hlsnest
valuation for a single day in the foreign
trade history of the United States. The
total cargoes amounted to $6.l05,07o. For
the first three days Of the week the
exports had a total value or sl5'1Vo,oU
That Wednesdays shipments were eN-
ceptional is doubtless true, number OF
large ships having cleared with very
valuable cargoes on that day.
Meanwhile, however, imports are FALL
ING off. On Wednesday. while the rec
ord shipments We're being made, the
importation of merchandise amounted
to only s., 100000.
publications place the purchases of the
warning nations from the United States
during the past two months at SlOO.0OO.-
900. several of these countries are SAID
to have large credits in New York
and other American financial centers
which have been placed here for the
purchase of such supplies as those ma
tions need. France is reported to have
at present a credit Of 120, 100000 francs
in New York.
Great Orders for Armies.
over s., 100000 has recently been spent
for the purchase of horses and mules
for the European armies. Kansas City
and st. Louis dealers have recently &C
cepted orders for 10000 mules at $3.50
a head, or $1,S50,0 600 In the past month
Kansas City has sold to the British
army $500 horses at about $17o head,
making total of sl,l3! 500. A contract
for 10000 horses is said to have been
placed in st. Louis by the French gov
ernment. At SI75 a head, this order
alone would call for total expenditure
of S, 100000.
From Boston comes the report that
the shoe manufacturers in and around
that city will be kept busy for the next
two months filling orders for army foot
wear for foreign troops. Orders already
placed or Immediately pending call for
], zoo, 600 pairs. One company Is credit
ed with an arder from the French gov
ernment for 100000 pairs: another is said
to have an order for 300, 600 pairs, 10000
of which are for the Greek government,
while a third large factory is said to be
turning out 900, 900 pairs which are des-
tined for the Italian government. Anoth-
er Boston company expects to land an
order for 100000 pairs.
Meanwhile, the tanneries are working
night and day to supply orders which
have been placed for leather by England
and France 1t is estimated that 70
per cent of the leather previously used
in the shoe industry of those two coun-
tries was purchased from Germany.
Chicago packers have announced that
their entire stock Of hides on hand have
been contracted for. and orders have
been accepted which will exhaust the
normal supplies for November and De-
cember The normal trade in hides in