The rise of prices in the home market, which was rationally expected to operate as a check upon foreign purchases, has not apparently had any limiting effect upon trade. The exports of iron and steel products alone for the curr-ut fiscal year sill probably foot up a total value of $100,000,000. Except the transient disturbances growing out of labour troubles there does not appear to be at present a cloud in the industrial sky.
Boston, Mass., 22nd May.
Text read from the printed page and cleaned; old type leaves the occasional error.