The Richmond Virginian. (Richmond, Va.) 1910-1920, 1916-07-02
BUSINESS CONSIDERED
. QUITE SATISFACTORY

throughout the country were evident
~ quick to take advantage of some
what bettered labor situation among
the building trades and of slight price
rccessions in some materials.
Although the cut OF lumber in this
country continues to exceed lumber
shipments April figures did not show
- serious a situation in this respect
~ In previous months. Lumber cut
in April totaled 1.o5s million feet COM
pared with S3s million feet In April,
1915. and April shipments were 1852
million fest compared with 893 mil
Hon feet q year ago. The April 1um-
Der cut was composed Of s62 million
feet OF soft woods and IS million feet
OF hard woods compared with S4s
million fest of soft woods and 80 mill
lion feet Of hard woods cut In April.
1915. April lumber shipments con-
woods and II million feet Of hard
woods compared with s32 million fest
Of soft woods and 81 million feet Of
hard woods shipped in April last
yar.
Anthracite coal shipments In May
aggregated 5,548 thousand tons COM
pared with 1855 thousand tons in
May, 1915. Production in May was
hampered by labor difficulties of va
r1ous sorts
Production OF coke In the Connells-
vile District In the four weeks end
cd May a totaled 1.723 thousand tons
compared with 1892 thousand tons
for the month OF May, te1t. Ship
ments OF coke for the four weeks to-
tailed ~ thousand cars compared with
rs thousand cars in May Of las. year
On June 10. owt of $500 ovens
34.o72 were In blast compared with
s4.s1s on May IS.
May production OF pig iron set a
new high record with total OF 3.351
thousand tons compared with 3.22s
thousand tons in April. and 1883
thousand tons in May. 1918. The
daily output during May was over
106 thousand tons compared with not
quite 1os thousand tons in April.
There were AL furnaces in blast on
juno l with q daily capacity of los
thousand tons compared with 322 fur
naces a month earlier with capa-
city OF 100 thousand tons day.
Lake Superior iron ore shipments In
May were larger than ever before tn
any month totaling S,45o thousand
tons. compared with 5.o12 thousand
tons in May, 1915.
The untitled tonnage Of the Steel
Corporation again reached a high
mark on May 81. standing 1T 9.9sS
thousand tons on that date compared
with $3.50 thousand tons a month be-
fore. and 4.2eS thousand tons on May
81. 1918.
Receipts OF sinc and speiter at the
principal market during May total
ed 551 thousand slabs compared with
,2e4 thousand slabs In May, 1915.
while shipments from this market to-
tailed ass thousand slabs In May COM
pared with 334 thousand slabs year
ago.
Domestic consumption Of tin In May
totaled 6,455 tons compared with A.
goa tons In April. and $500 tons In
May las; year, Shipments OF tin from
the straits settlements to the United
States during May totaied 2.f45 tons
compared with 1890 tons In April.
and 3.s05 tons In May las, year.
close of May we're 2.46s tons COM
pared with 2.756 tons a month earlier.
and LABS tons year ago. The total
visible supply OF tin at the end OF the
month was 19.6i4 tons compared with
1879 tons a month before and A.
64e tons at tho close of May, 1915.
New oil production during May to-
tailed 1874 thousand barrels compared
with IS thousand barrels In April.
There were 2.65s wells completed In
May compared with 2.o7o the previous
month.
Final figures on the production Of
Portland cement In this country In
ls15 arc now at hand and confirm tho
figures given IN our February report.
The production OF Portland cement In
1915 was s6.sl5 thousand barrels
compared. with $3.50 thousand bar
rsln In 1914 while shipments were
86.sse thousand barrels compared
se,4 3s thousand barrels In 1914. This
caused decrease In stocks during the
year 10 ll.7el thousand barrels COM
pared with stocks OF l1.77S thousand
barrels at the close OF 1914
Transvaal gold production IN May
fotaled IT'S thousand fine ounces COM
pared with 755 thousand ounces In
April and 7s4 thousand ounces in
May. 1915.
The falling on in commodity prices
which these reports have recently In
dicated was impending, IL In further
evidence this month. Following tbs
slight but important recession Of May
LIST, Bradstrest's Index of Commodity
Prices dropped during Hay from
t11.75 to $11.6S on Juno I. This COM
,pAres with e9.74 on June 1. 1915. Dur
tng May. 30 articles increased in price.
~ decreased. and 81 remained sta
ttonary.
The condition OF the cotton crop IL
estimated to be TITS per cent OF nor
NAL compared with so per cent year
ago, 74.3 per. cent two years aga and
q ten year average OF 79.e per cent
Domestic consumption Of cotton In
May amounted to 67E thousand bales
compared with 49, thousand bales Ia
Nay. 1915. Cotton exports In May
were E07 thousand bales compared
with els Thousand bales In May Of
last year. ana imports totAlsd - thou
rand bales compared With ~ thousand
bales q year aHo. Stocks OF cotton In
consuming establishments on May 81
totAl0d 1914 thousand bales compar-
- with 1.7s9 thousand bales on May
~, 1915. and stocks In public storage
and 1t compresses were ESQ thou
sand bales compared with 11,107
thousand Ii May 81 Hast year.
The prospect on June u for =
winter wheat crop Of 80 million
bushele compared with eb6 million
bushels last year and dve year aver-
A9e Of 496 million bushels The COM
dltion OF the spring wheat crop anAf-
Gates Yield Sc as million bush0ls
coFnparsd with 367 million busheis :
yoan aeo and = ava -year average a.
10 million huahelG, making the total
atfsarA