The Birmingham age-herald., 1915-08-10
Never in History Has Ma ton Shown Such Quick
 Recovery
FIGURES THIS FALL
 TO BE STUPENDOUS
Manufactures Will Probably Show Normal Year in Spite of Col lapse Last Fall and
 Winter
By HOLLAND

New York. August Especial With the close of the first year of the war in Europe. many comparisons have been made between the situation which i'm mediately followed the advance of the German armies toward Paris and the sit uation as 1t was on the first day of the seccnd year of the war. The comment usually made is that the whole, the armies are dea dlocked and that with the exception of the overrunnlng of Belgium and the northeastern corner of France by Germany. and the attempt to encircle Warsaw, the armies stand in substan- tally the same relation to each other as they did a year ago.
 But if there has been little change in the European situation with respect to war the changes in the United States have been stupendous and they are of three kinds: First those which charac- terize our financial life, next those which characterize our manufacturing activities and last, astounding changes which have taken place in our trade. Statistics will come from Washington late in the sum mer or sometime in the fall which car be compared with those which were published nine months ago. This earlier 
 pendous strength of the United States measured in terms of dollars Secretary Redfield's report showed that up to The beginning of the European war the people of the United tates producing each year approximately 40 billions, money value of commodities of various kinds. The money value of the output of our man ufactories was put at T billions. or almost exactly three times as much as the money value of farm products. The mines were yielding little over two billions each year and the forests a billion and a quarter.
 Had the situation it existed in Oc- tobei of last year been continued through oat the year. it would not have heen pos Bihle to report that our manufactories were producing commodities of the money value of 27 billions. Almost all of them were by reason of business depression greatly reducing their output. But with the advent of the European war and the consequent revival of manufa turing in- dustries in many lines. the chances are good that the department of commerce at Washington will he able to estimate in the fall of this year that the money value of manufactured commodities Is at least tip to the average of recent years
 No longer is there any doubt that the farms of the United States will this year yield harvests whose money value will pc coneideraolY m excess of 10 billions. But4it was 10 be expected that the Amer jean farmers would continue to maintain the increase that has been so characte = istie of their activities since the year l93O The war does not explain this in- crease. Very likely the mines will main tain their fine average of two billions. and there is some reason for presuming that gold will in the year 1915 make better report than was the case last year. re lumber industry had been some what de- moralized. In the Pacific coast states the lunbermen insist that this Is due to the operation of the neT tariff law. Yet 1t