New-York tribune., 1917-06-23
ReAexes Of War

During the last month business mas
gradually become more active. Two
principal factors have contributed TO
this result In the first place. the more
immediate effects Of the war on busl-
ness have become better understood,
and consequently both large and small
concerns barring a few special lines
of business, notably motor cars are
preparing 70 take care Of the tremen-
dous demand for goods confronting
them; again, in the last two weeks,
actual work on government purchases
has injected additional activity into a
business situation already heavily tax
ing the available supply of labor and
transportation. The prices of several
basic commodities, notably wool and
cotton. have broken into new price
levels. cotton passing the 25-cent mark.
Bank clearings are showing large gains
ever the similar month a year ago,
which i'm themselves were periods OF
tremendous business. Crop prospects,
which were, of course. greatly injured
by the defective winter wheat condi-
tion. bid fair to be brought up 10 nor
NAL by spring wheat and the larger
areas devoted to corn and miscellanc-
Gus crops. The food question that Is.
our ability TO supply our allies needs
as well "a our own-has been very ma
terially aided by the enormous number
OF market gardens established, and also
by diminished consumption on the part
of thoughtful people. The prices OF
several food staples are now showing a
downward tendency. New records OF
activity arc being established i'm iron,
steel. lumber. textiles and shipbuilding,
at higher and higher prices. These
prices are not. as a rule. acting as
barrier toward further increase in
business. The two limiting factors of
greatest importance are transportation
and labor, and Of these two the latter
is the more critical, as in few weeks
the formation Of our new armies will
materially decrease the supply.-First
National Bank of Boston.
Norwegian capital IS entering the
South American field. at is inter-
estng and very satisfactory from the
point Of view of Argentina" says "The
Review of the River Plate "to note
that portion Of the huge profits
which have accrued TO Norway as a
result OF the war are being invested
in this republic. We are informed
on the best authority that within the
next few months more than 10000 600
Norwegian crowns iS2,500.000) will
have been invested in rural proper
ties in Argentina in the stock breeding
industry. One Of the most important
OF these new Norwegian enterprises
has already got under way. We refer
TO the 'Compania Noruega- Argentina
de Ganaderia Agriculture Ltda.,' re-
Gently formed at Christiania with a
capital Of 3,500.000 crowns. This com
pany has acquired the San Federico
cstancia, OF 7,l22 hectares, situated
near Pergamino. The price paid was
$500 per hectare. The initiators Of
this new enterprise are Messrs. Sundt
Brothers d Co, Of Christiania and
Buenos Ayres."
Further figures on the effect OF
hours Of work on output observed BY
the British health Of munition work
ers committee indicate that in the
case Of 100 women turning iuse bodies
the output per week, working sixty
hours. was 7.343. against $500 when
working sixty-eight hours, or an in
creased output OF nearly 2 per cent
for the less number OF hours per week.
In the case Of twenty-seyen men sizing
fuse bodies $500 were produced IN
ffty-six hours of work per week.
against G,i50 in si1ty-two hours work
per week. or a net gain Of over l3
per cent. In the case Of nine youths
sizing base plugs the output per week
OF sixty-one hours was 9,ii0 and for
d. week Of sixty-eight hours 6,s3o, or