The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1925-01-15

economic ueV6lOpuenb OIL Ine OOFl6J
all branches of industry production
has increased the total output
amounting in value to 1900, 100000
gold rubles, and the roductivity of
the individual factories and works was
raised to higher level.
The year 1924 witnessed a revival
OF trade, the turnover registered on
the exchanges exceeding that Of the
preceding year by several times. The
amount of money in circulation grew
to 750,O0O,OO0 gold rubles. The Soviet
currency has not only been firmly
stabilized but its rate Of exchange has
already reached the pre-war par, and
the State Bank is proceeding with the
further issues of notes in strict con.
formity with the rules governing their
fullest security.
The foreign trade turnover Of the
Soviet Union during the past year
almost doubled as compared with the
preceding year and reached total OF
S00,00O,000 rubles in pre-war values
with favorable balance, the export,
exceeding the imports by 100,O0O,000
rubles.
Wages Increase.
There was also an increase in wages
and the general well-being of the pop
ulation has improved as witnessed by
the increased demand for industrial
products. Thus, the textile industry
was operating to the fullest of it's ca
pacity and importing enormous guam.
titles of cotton from abroad, including
the United States. Its total output
amounted to over 100000, 900 meters
(about 1,300,000,000 yards) of fabric.
But, still in many localities a short
age of textiles is felt owning to the
increasing demand of the population
for the product. The growth of the
economic prosperity of the Soviet I'm.
ion is also reflected in the fact that
the foreign credits advanced for the
Soviet foreign trade have increased
many times oser the sums advanced
in the preceding year. The partia'
accumulation of capital as result of
the new economic policy enables the
Soviet state to satisfy the needs OF the
population and of industry to gretaer
extent than heretofore. Thus, there
have been purchases of sugar made
abroad in order to meet the increasing
demand of the peasant population for
this product, altho the output of the
sugar industry this year amounted to
over 250,000,00O pools, which is nearly
double the output of last year.
Marked Growing Prosperity.
The effect of the poor crop in the
Volga region was, of course, to slow
down the pace of the growth of the
country's resources. However, the
crop yielded over 100000, 900 pools
covering to the full the country's
need in grain cereals. Instead of the
grain exports of the past year the So.
Wet Exportkhlieb (grain export bu
reau) is furthering the exports of
other products of agriculture. Prelim.
mary deals effected in some of these
products show that their exports will
surpass even the pre-war level.
The recent drought has hit chiefly
the wheat regions. But the resources
OF the country have sufficiently i'm
proved to enable the state to satisfy
The needs of the population in wheat
by the importation of certain rather
insignificant quantities OF wheat -four
from abroad, mainly for the port cit
les which are the furtherest removed
from the wheat growing sections
These -four purchases are a result o.
the growing prosperity of the country
and the increased demand Of the popu
lation for higher grades OF bread, and
they furnish in fact, another proof
of the stability and strength Of the
economic situation of the Soviet re
public.