Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-07-10

involving approximately 1.0O0.O 600 men.
Anxiety is felt with respect to the coal
situation but officially have failed thus
far to reflect themselves in the bust
ness world. No industry Of appreciate
size has been affected as yet by a coal
shortage.
Look for Loading Record
Analysis of car ~loadings disclose that
with the single exception Of 1920, the
railroads are handling at the present
time a record volume of business. The
total number of cars loaded continues
to mount During the week ending
June "a. latest available statistics show
the total number of cars loaded reached
517,S56, an increase Of more than L.
600 cars over the preceding week. 1t
would not surprise railroad officials if
lOadings jumped to a record breaking
figure for this season of the year some
time within the present month.
Employment is reported on the in
crease in the chief industries. returns
filed with the employment service Of
the labor department show. On July
! the summary shows the lag con-
Germs canvassed by the service each
month had OF their pay rolls $1,000
workers. more than the number report
ed June 1. The service announced that
The nation is striding VIGOROUSLY
toward industrial prosperity and es-
Inmates additions to the pay rolls Of
industrials concerns throughout the
country at 10000 during the month of
June.
Put Money Into Business
The weekly statement of the federal
reserve board indicates clearly that
money is being withdrawn from the
banks for business enterprises. De-
posts in 100 national banks in the chief
cities declined during the week by al
most S70.OO0,0OO, but still stand more
than $1,000. 900. 900 above the figures
of ayear ago Within isx months the
banks have increased the amount of
their loans, mostly for business pur-
poses. by more than $4,000 COO. The
extent to which business is reviving
is indicated further by the amount of
capital authorized for new incorpora-
tions during the first half of the year.
This sum is nearly $1,000, 200. 900.
American investors are lending mon
ey to foreign governments and indus
trials concerns at a rate of more than
$1,000. DOC. 900 a year. During the first
half of 1929 the tabulations show more
American money was invested abroad
than in any class of domestic securities.
1t exceeded the total invested in Am
erican railroad securities or American
industrials or utility company. The
total of foreign loans was exceeded
only by the amount invested in Ameri-
can government short terms securities.
Loans Purely Business
All these loans to foreign borrowers
were made through the regular business
channels, being handled by American
investment houses. and none through
the government. The state depart
has been advised in advance of the
floatation here of virtually every issue
of foreign securities.
Iron and steel production stands at
nearly 80 per cent of capacity. &C.
cording to the department of commerce,
having doubled output within a year.
Copper production has nearly quad
rupled. Production of new print paper
is at 60 per cent and the output of
other products shows an increase vary
ing from 30 to more than 100 per cent.
A quickening demand for steamship
ascribed TO increasing volume
of exports, is noted in maritime circles.