Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1916-07-06
BUSINESS Will
STAY ON BOOM
Munition Plants Preparing for
Big Peace Outputs.
LABOR SHORTAGE IS FELT

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Federal Reserve Board Issues Month
Iy Statement-Grain Condition Good
Throughout West, and Trading Is
Active-Labor Troubles Hampering
Business at Chicago and Kansas City
Washington, July 5.-General bust
ness conditions continue good and the
outlook for next month is excellent,
according to reports of the Federal
Reserve Board, made public in the
boards monthly statement.
Crops are reported better than nor
NAL in most sections, industries are
said to be working at capacity and
further increases are noted in build
ing construction. From nearly every
reserve district there is call for
more labor, with wages mounting.
In the Boston district buying has
been exceptionally heavy. The boot
and shoe industry is most prosperous,
cotton mills are running overtime and
dry goods business is better than a
year ago.
Notable Labor Shortage.
New York reports reassuring signs
In that district of needed change to
a more conservative outlook in COM
merce, industry and banking. Freight
congestion has been somewhat reliev-,
ed and the figures of foreign trade for
the four weeks ending June II show
a large increase, both in exports and
imports
A uniformly favorable condition in
all departments of trade and industry
is reported from the Philadelphia dis
trict, where manufacturers are COM
mines are working at rs per cent ca
pacity.
Anticipate Good Times After War.
Some of the munition plants are
anticipating the end of the war. and
making plans to manufa cture cOmmo-
dities for use in times of peace" the
report continues, adding to the grow
ing feeling that the end of the war
the industries which some interests
feared"
The steel situation in the Cleveland
district is said to be virtually un-
changed, but the movements of iron
ore into the lower lake ports promises
To oh l.:
and rubber factories are doing an
enormous business and mercantile
trade is active. Shortage of labor has
handicapped the coal industry.
The Richmond report says that cot
ton mills are running on full time,
collections are good and the demand
for labor is in excess of the supply
Money is plentiful in the Atlanta dis
trict and cotton conditions are favor
able, although the fields are in need
of sunshine.
There is no perceptible decrease IN
business in the Chicago district where
labor is we'll employed, and a number
Of strikes have been settled The
banks in the larger centers still have
excess funds, but a demand is growing
which has strengthened rates, and a
stronger money market is expected
Cold wet weather has delayed corn
planting, but good growing weather
will insure a satisfactory crop.
Minneapolis reports all small grains
in excellent condition, though corn is
making slow progress. Trade condi-
lions are described as active.
Labor Unrest of Kansas City
A growing unrest in labor organiza-
tons is reported from Kansas City
Building operations have been hamp-
cred, and there is shortage of har-
vest hands. Kansas alone must i'm
\, port $4,000 men
In a considerable portion of the
Southwest crop conditions are unfav-
orable, says the report from Dallas.
1t is estimated that Is per cent Of the
farms have not been planted, or will
have to be replanted. Most stockmen
are shipping their cattle away. for pas
turage.
Wine grape growers in the San
Francisco district are being offered
the highest prices in eight years, and
packers of dried fruit are paying rec
ord prices.
Mining has been the most profitable
industry. The production of petrole-
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