Show EMPLOYED AT GOOD WAGES Notwithstanding the shortage in crops last year the exports of the thc United States during the last fiscal year rear have not fallen very cry greatly behind the preceding maximum and will make a total of oC nearl nearly fourteen hundred million dollars growth in export of manufactured goods making up to some extent the UlC deficiency in the export of cereals and provi provi- It is encouraging to note a steady and large growth in our trans Pacific exports The balance of trade for the thc he fiscal year has been about five fi hundred million dollars in our faver This with the phenomenal en enal ezial l growth in our merchant marine marinc thereby reducing reducing ing our outgo for ocean freightage e and with the return and cancellation of our foreign indus industrial lial and commercial indebtedness makes the year just closed a prosperous one for the United States It Itis is true that monetary stringency ency has now and again cal called ed a temporary halt in speculative enterprises and that our commercial investments abroad have haye raised foreign exchange more than once to the gold exporting point But on the whole we have mined and minted during the year Jear more gold than we have exported and the stringency in the money market has hits been little more than an tion of an industrial activity unprecedented in our history The fiscal year closes in the midst of a fair hal harvest est of wheat and hay with good prospects for spring wheat cotton and corn With an nn unprecedented unprecedented dented output of iron new furnaces are going into blast weekly and the product is sold ahead for many months Except for the anthracite miners' miners strike which throws out of employment one hundred and lort forty thousand men and boys the population of the United States has full fun employment at remunerative t tire tive wages |