[recently quoted some figures from the official history of U. 8. trade in 1924, disclosing a balance of $1,042, (681,497 in favour of the country in the' last fiscal year. I now find, cited by Mr. Hoover (Secretary of Commerce), that 1924 was marked bby very complete employment of the jcountry's working force; that
partial recovery from three years fsavicature had experienced "seme extreme difficulty;" that transportation efficiency had been high; that. building and construction had established new records; and that the general production and distribution of articles for consumption had been measurably satisfactory."
The shipping industry showed some improvement in 1924, although, has not yet reached a basis of ability, but generally, in the opinion of Mr. Hoover, the United States hus few difficulties retaining which cane attributed to the effect of the war.
Thix is an important. statement, vention of advertising men This is not in itself of great for it is the first public official state-London he said importance to Shanghai rubber men, American market. If things coun-lin not feeling, to: hee economic but it will show the feeling in the States hus ment made to show that United reached a state where a {tinue for a few months like this some backwash of the war. She But the British, as the world *tely all rubber companies will be! is the first country to make such a Knows, and ay this) gentleman {9¥er the top. 'The present' high! tat" and not for a many years come this are determined to over-other country be able to handicap of alleged /tllow any company tices of the crude commodity will wil and Mir (life. in it not only to. pay off its! that has any {follow ier lead. The effect of the Woodbridge refer wembley as j!ndebtedness, but to hand out divi-war upon the economic life of the moat effective moans of Uoincs thi, [ends to the weary shareholders who nations is felt to-day as much in Europe as it was in 1919, though in being, as it is, one of the fine id-lhave held their seri for so long'y dirt rent form, so that when Mr. vertising conceptions that the brain ith no returns, of man has conceived, Americans wie Expectation that these vessels returned recently.from Great Britain would arrive on time caused a sharp fare not s0 quick in their Judgment break in rubber prices to-day, how upon the backwardness of John Bull ever. Spot. smoked sheet. ran off as they were a year or two ago,|five cents per Ib. to S110. Other Tt was formerly & common thing leading grades dropped two to six for the stay-at-home American to but the general range develop a not altogether kindly Prices was still 90 cents above last criticism of England and the English,|¥ear's level. In some quarters in but it only requires a trip across this country it is believed that the; the Auantc to convince him chat protests now being made by U. S. most of what is to Englandthat the world owes our' present-day some effect in getting. the present [Ambassador Houghton will have lvilization gives to us, no matter Yesiriction lifted, and for that reason what may be said to the contrary, (80 it Thanks be, a good many people in not 0 both countries see the potentialities Others, however—and I am among of such an Anglo-American union, [the number—do not for a moment and to the the immortal words of believe that the Stevenson restric-Soaqu tion scheme will be altered to Miller, in his poem "Col-ave stigpected bei accommodate American users. 'This "Sail on, sail on, sail may mean retaliation in some way, and there can be no doubt that when Columbus' Salary restriction comes and rubber drops again in price, as would be likely, Speaking of Columbus we shall see more large American zine that I notice from some old record interests anxious that it has been discovered that the their own bearing holdings in' the Nina, the Pinta and the Santa'Straits and F.M.S. 'The "American Maria—thrqe ships of Columbys—' consumer fs very "sore" at Grew! cost $2,800. Adding this to the ex- Britain just now, for he realizes that pense of the voyage, the discovery of the rest scheme is directly' America (says the Los Angles responsible for the higher prices he Times) "mounted up to the muni- now has to pay, equally as those who ficent sum of $7,200." Columbus have "held the bag" for s0 long (the Feceived an annual salary of $920. "bag" being the non-paying scrip) If Columbus had waited until to-day'are rejoiced that they are at last to do his discovering, suggests this to get some return on their money. Paper, he would have had hard work Great Britain has indicated officially Iocating a bungalow on a fifty-foot that only after most careful enquiry lot for that figure. Ithe were a base-'eould it be decided to modify the alt scout, he would have to get Stevenson scheme, so that we may Queen Isabella to pawn $50,000 expect to see rubber shareholders worth of jewels for a new pitcher! zatting out into the sunshine for
mer he might OrVit he were a movie star astrono- Some time to come. to Hoover telis the world that this country has shaken off practically all difficulties which the war brought it may be regarded as a stupendous announcement. The foreign economic situation still affects Ameries's international trade, but "we have few, difficulties remaining which can be: attributed to the effect of the war."
Text read from the printed page and cleaned; old type leaves the occasional error.