The labor world. [volume] (Duluth, Minn.) 1896-current, 1915-09-04

the previous high record During the
year our gold and silver exports In
creased BY - million dollars QUE gold
and silver Imports Increased IS mill
lion dollars. but the balance against !
us in gold and silver for the year was
still three million dollars This tor
eign trade statement: brings us up to
June 80. 1915. at which date, the real
export, Of war naterials' had only Just
begun. Orders have been booked In
this country tor hundreds Of millions.
OF :. dollars worth, Of. goods, ranging
from guns to shoes and our exports OF
Manufactured goods = will naturally
show a great gain during. the next
few months over any similar period.
The enormous decrease in. our imports
shows that we are finding the way to
do without some Of those things which
we have been accustomed to get from
Europe and it is TO. be hoped that we
record Among the et things w whiehp S We:
are now importing IN large. quantities,
which we should In time be able e.
produce for ourselves in sufficient
are Wool. raw sugar. lumber feathers.
Der. We should seither find ourselves
crease our imports or prod1 c *'D some ne
thing which will take their place: as,
TOR instance stance cotton ean be used for
month of June with. liabilities totalink
nearly - million dollars .eomparea
WITH 1,, 4,1s1 f2ilq u in dune 1914. With
the failure totals for that month. SO
that the comparison does not SHOW
the actual condition but there has been
situation and. in view Of what we have
passed through. credit conditions in
this country make very satisfactory
| Bank, ClearthEs Better. r. : :;
Bank clearings in the, principal cities
c cent June nvsr showed an Increase Of per
York City alone, the increase e. was S }
per cent For. the, country outside
! New York, clearings were: practically
the same as last year! For the year
last year, which decline is more than
accounted for by the operation of the
Federal Reserve banks;
+ Dividend and interest disbursements
f sor the month Of July are estimated al
with IA million dollars for the same
1 month last year, Dividend and inter
est payments for four months ending
compared with 644 millions for : thu
same time last year. an increase. of "a
million dauars. 20,
ship-building is, one industry which
Is 69esh'vl 4ps "a permanent impstus
over 500 thousand, tons are Just now
under construction. Most of the ship:
yards are booked up for from twelve
to eighteen months, the work being
largely on. merchant vessels. -
The production of pig iron In June
was 1881 Thousand. tons compared with
, 1,918 thousand toni for che Same month
1asts!year. sEhis f{4fth q, largest prodllc
= ton. tor any month sincz1 October. r. 3
} me average price Aof pigSoiron nat al
markets :. has been about stationer.
since last October On the first Of tn,
month. there were$21S furnaces in bias
day. gain for the month Of, twelv,
furnaces and of nearly five Thousand
tons in daily capacity: An upwarf
movement in prices is expected to be
r gin soon and continue for a long per
The untitled tonnage Of. the ,'stee
Corporation at the end of June wa.
4,678 thousand tons compared will
4,033 thousand tons year ago, Thi
Is the largest untitled tonnage report
ed for more than year. Unified ton
J mage reports from the principal indie
pendent companies are on a. par will
) those of the Corporation. )
Production OF electrolytic copper 70,
) the Lake District for June was nearl,
=, ~ million pounds compared with 2
millions for May. This was the larees
> months output this year and the cur