The Washington times., 1919-12-31
Future Looms Bright For U.S..
With Good Trade Balances
And Adjustments Under Way
Manufacturers of Articles Deemed In Luxury
Class Have Enjoyed Era of Unprecedented
Prosperity and Demand Continues.

f,oated in this country during the
year:
Great Britain, 20-year, s2s,179, 900.
Great Britain. 3-1O-year, $3.50, 900. 900.
French Municipals: Bordeaux. $4,000
600: Lyons, $15.00O.O0O; Marseilles,
$4,000 900. Republic of China. 2-year.
$500. 900. Sweden, $4,000, 600, Swift
zerland, S30,00000O. Canada. 10-year,
SGO, 100000. Canada, o-year. $4,000
900. Rio dc Janeiro. $4,000, 900. City
of Sac Paulo. sS,5OO, 900. Copenhagen,
81 ,O0O, 900. Canadian Municipals: To-
ronto, $1,000. 900: Province Of Ontario,
81. 900, 900: Manitoba, $500, 900; New
Brunswick. s1.OOO.0O0: Ontario, S4.-
100000; Vancouver. $2.60o.00o; On
tario. $5O0.00O.
The worlds visible supply Of cotton
, is estimated at 5,374.323 bales. against
4,32S,636 in 1918. The American sup
ply is put at 4,231,323 bales, against
, 3,228,636 a year ago.
Keen students of the labor situa-
tion believe that the crisis of in
dustrial unrest in this country has
been reached and passed. The steel
strike, which began on September "a
and which threatened for time to
have paralyzing results unparalleled
in the industrial history of the coun-
try, collapsed. The coal strike caused
much anxiety and seriously crippled
entailing much discomfort among the
people.
Growing Mt Home.
While America is growing at home
1t is planned to win back as much as
possible of her old time commercial
prestige OF. the high seas. The Fed
eral Shipping Board, in addition to
its great program for the construc-
tion of freighters, arranged to estab-
lish passenger lines on all Of the i'm
portant ocean routes This project
called for about sixty passenger
liners. About half Of them were
former German ships and had been
used as transports by the United
States. Twenty-fiy others were
ships that tie United states had or
!, dered for transport service after this
country entered the war.7s- e-St
There are 550,000 tons Of shipping
under construction in American yards
now. which is an increase OF nearly
100000 over the tonnage being bull:
in November. The Atlantic Coast
Shipbuilders' Association. 10 deter
mined that the great shipbuilding in
dustry built up in this country dur.
wages arc offering a 6fx problem,
however. Some of the workers get s
much a. SIS and $50 a day.
The Shipping Board estimates for
the fiscal year ending June 20, 1921,
which we're submitted to Congress
this month, call for $447,755,O61, as
compared with 1856, ,772,9s6 for ,ast
year. se's.F
THO standard OH Company is xa6u
to have the distfnction Of owning q e
two biggest tank steamers in the
! world. They are being built at New
port News, Va, and when compile ted
will carry 10000 barrels OF fuel oil
each. Each vessel will register 0,5OC
tons deadweight. -.s.
Steps are under way now, to utilize
to the utmost the great water power
of this country, which rs now. going
to waste. An organization has been
formed to work for the development,
of water power. 1t is estimated that
the water power facilities In this
country have a potential production
of 100, 1000 900 horsepower yearly
| valued at $1,000 900 900.