The Washington times., 1915-06-13

Despite tho disturbing influences
raised as obstacles by the international
situation, daily developments disclose
+he fact that prosperity Is pushing on
to that goal which students OF internal
conditions have long been preoictins
for commercial and financial interests
Of the United States.
A little more than q week ago ths
rountry at large forgot for q brief per-
sod the happenings without It's confines
unA found in the defeat Of the Govern
.,nsnt's suit for the dissolution OF the
TJnited States Steel Corporation the sig
raj for which 1t had looked to launch
forth on q boom.
while big business was rejoicing In
chs happening another blanket OF gloom
was thrown over the situation ny an
adverse conception Of the Admmstra-
tions attitude toward Americas reia-
tions with Germany, precipitated ny
Mans Withdrawal from the Cabinet.
This was merely a hesitant momept.
However, for when the terms OF the
Second note to the Kaiser were .oovmsnt oisElosea
hs RROl,S .m found sna asnsd III shS
more startling than in the message OF
''tsa tispanedla.ely tn. New York, York stock ,H.
anarket. the national osroms.er n,SSsn ,sveIs tTs
with traders, believing that diplomacy
will dispose of the differences between
the two nations and that the Oniteo
States will continue to walk In the
A crop report. giving promise OF even
heavier harvests than were garnereo
last year and which served IN large
to swell ths foreign tbs
Snconceivable proportions that it has al
ready reached. was issued by the Gov
ernment during the past week.
Domestic trade Is increasing; failures
are decreasing: the great railroads OF
the country are each month showing
Improvement In earnings. and the fac
tories of the nation, particularly those
which turn out munitions Of war. con
tinue to book orders which have al
ready brought many of them to the ca
pacity of their plants.
With the depression that swept over
the United States at the outbreak OF
war in Europe, due to the displacement
of commercial and financial intercourse
of the world. the building trade fell
into a state Of almost complete mac
tivity.
from eighty-two Of the leading cities
of the country. discloses the fact that
the value Of permits taken out for new
construction during May approxim9ted
closer to the total of the corresponding
period in 1914 than that of any pre-
ceding 1nonth this year, amounting to
s73,73S,183. as against $73,SS7.928, a
decrease of only 0.2 per cent.
The steel industry, one of the greatest
in the United States, likewise manifests
a sure and gradual betterment. The
United States Steel Corporation has
just issued report showing Its un-
filled orders as of May 81. to have been
4,264, ,59S tons, the best showing for any
month since March, 1914. These figures
exceed those for, April by 102,Sbl tons
and those a year ago by 266,t3S tons,
The books of the company show that
daily deliveries now approximate $4,000
ions, or IS per cent of capacity, while
incoming business is at the rate OF
$4,000 tons.
June's business is expected to reveal
an even more marked increase in un-
filled orders. The Pennsylvania Rail-
road Company has has recently let ETY. IT'S GI4. Tpi.
gigantic order, however. was split up
among a number of companies. Reports
from several of the independent COM
panies show that they are operss,lng s.II g
even nearer to capacity than is the Steel
Corporation, because of large war or
ders obtained.
One of the most direct reflections ot
the war" prosperity brought to this
country is to be found in the copper
lead. and zinc mining industries. Esti
mates made in the Lake Superior cop
per camp alone. with the White Pins
mine excepted. fix the production a.
more than 25.OOOOOO pounds for thu
month of May, or the largest In the
history of the camp.
Copper metal which with lead ant
zinc, is one of the chief factors in the
manufacture of amunitions. has risen {
full cent a pound within a week to 2O1
cents. The result has been the declara
ton of increased. or extra dividends b!
many of the copper companies. Dur
ing the past week Phelps, Dodge a
Co. declared the inc regular quarter