Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-08-14
Nation in Fine Shape
CONTINUED from Page one)

detall, II was said some progress
had been made in adjustments in the
industry Of a beneficial character
and that in the past month or six
weeks there has been distinct i'm
provement. Mr.. Hoover arrived
from Washington this morning and
left for California at noon after re-
portinf upon the business situation
and commercial aviation program.
In general and apart from some
lags in agriculture, textiles and BIZ
luminous coal, Mr.. Hoover said the
country was never in such excellent
condition as at present. Even with
agriculture, he added, there has been
some commodities, while construc-
ton is Is percent greater in volume
than year ago.
Asked by the president about for
eign trade conditions, Mr.. Hoover
said that exports of manufactures
were II percent greater than last
year, a favorable point in the opin-
ion of the president, who was said to
regard the figures on such products
as Of more importance than those on
raw materials entering the export
trade, insofar as the balance Of
trade is concerned.
The foreign commerce of Europe
is about the same as before the
world war, Mr. Hoover reported.
with England showing slight gain
and Germany and France a slight
loss. Reduced to pre-war prices, he
added. the exports of the United
States are 81 percent greater than
before the war and the imports 81
percent.
There was falling off 20 in the
American balance of trade last year,
as compared with the preceding
year. it was explained, due largely to
prices on three items. Although the
amount of cotton and wheat export
ed. was as large as the preceding
year, it was said the prices were not
as good as last year. meaning re-
duction in terms Of dollars.
AT the same time it was added,
there was a large in the cost of rub
Der imported last year as compared
with the preceding year, so that on
the dollar basis imports showed an
advance.
President Coolidge was said today
to have the impression that the bud
get allowance for prohibition en-
forcement in the fiscal year 1928
would be less than in the present
year.
During his conference this week
with Brigadier General Lord, director
of the budget, however, it was added
the president did not go thoroughly
into the details Of the preliminary
estimates of the different depart
ments, and of the treasury depart
ment not at all.
Mr.. Coolidge went to the executive
offices both in the morning and the
afternoon and when he received the
newspaper correspondents late today
for his regular Friday conference he
was accompanied by Chief Justice
Arthur P. Rugg of the Massachusetts,
supreme judicial court, who Is a
house guest at White Pine Camp.
For luncheon at the summer White
House the President and Mrs. Coo
lidge had as guests, Ogden Reid, pub
Usher of the New York Herald Tri-
bune, and Mrs. Reid, who are at their
camp on upper St. Regis Lake.
John Coolidge, son Of the presi-
dent and Mrs. Coolidge, will arrive
from Burlington, VT, tomorrow upon
the completion of his six weeks
course at the University of Vermont
A basket of gladioli, selected from
the prize winning display of the
American Gladioli Society just closed
at Rochester, was presented to the
president today for Mrs. Coolidge by
A. E. Kunderd, Of Goshen. Ind.
Less formally and quite unexpect-
eddy, Mr.. Coolidge was given a bou-
quet of sweet peas a few hours earl
Ter by seven year old Fred Hirsch-
horn. Jr., of New York City The lad
stepped from among a throng of
summer residents, as the president,
accompanied by Secretary Hoover,
arrived at the executive Offices and
presented the flowers. The president
accepted them with a smile while
spectators applauded.