The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1922-07-04
BUSINESS D YER
ENTIRE WORLD
GOING FORWARD
Progress to Economic
Stability Seems General
With u. S. Quite De-
finitely Leading Way.

Observation-Disclosures fea-
lures mentioned in business are the
continued increase in the iron-and-
steel industry which is now operat-
ing above the prewar level; the sus-
tanned activity in the building indus
try in the production of automobiles
and trucks; the lower interest rates
and increasing demand for money; the
increase in employment and the de-
cline in business failures. The stock
market also continues active, with fur
Their increases in the prices of all
classes of securities. Even the textile
industry, which has been somewhat
backward in recent months, showed
greater activity in May.
Bills discounted by the Federal Re-
serve Banks continued to decline in
May. Both total reserves and total
desposit showed further increase,
however, the loans, discounts and in
vestments of the Federal Reserve
member banks increased again and
we're almost 100000 greater than
two months.
For the first time in many months
there was substantial decrease in
business failures, the total number
dropped from 2,l67 in April to 1860 in
May, and liabilities fell from %3.05o.-
600 to $44, 100000. The latter figure
is the lowest since last September.
The total production of passenger
cars in May, so far reported amounted
to 23l 500, compared with 7,221 in
April. This is an increase of nearly
l8 per cent.
The total truck production in May
was 24,603 machines, compared with
22,227 in April.
The Near East
Basic agricultural conditions in Bull
garia are better; exports and imports
of the Baltic states have been increas-
ing, with tendency toward favorable
balance; Rumania reports little
change. as does Jugoslovakia, where
talk of an American loan continues TO
be the main- item of interest; the gen
eral industrial situation in Poland is
not very satisfactory, with increasing
prices and labor disturbances.
Manitoba is the first province IN
Canada to rely solely upon the flying
service for the protection of its for
ests. A l0-passenger boat has been dis
patched to The Pass, about $50 miles
northwest of Winnipeg, and it will
shortly be joined by three others.
Four additional machines will even-
tually be stationed at Victoria Beach,
on the eastern shore of Victoria Lake.
Besides patrolling the forests of the
province and adjoining territory, the
flying boats will be used for conveying
agents of the Dominion Indian De-
partment and survey parties to their
posts. 1t is also the intention of off,
Gals 20 carry mail and make aerial pho
tographs of the country from the aer-
oplanes.
Plagued Russia
Another plague has visited Russia
and threatens disaster to the wheas
and other crops throughout Azerbaid-
jan. Great swarms of iocusts have de-
stroyed the crops in that region and
the frantic peasants are doing every
thing possible to save the sprouts or
wheat
The people of Rumania are begin
ming to fancy the choice American
canned peaches and other fruits which
are now being sold in practically every
country in the world. along with our
canned salmon. sardines, and milk.
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