| Show ol NOTE IS STRUCK ily washington D C A note ot of optimism was struck by secretary hoover in his interview or of economic econom lc conditions in his bis foreword to the commerce year book ot of the department cut of commerce which has just appeared secretary hoover states that tile the agricultural situation Is favorable I 1 andl andi that foreign commerce Is in a much more favorable con condition littion cit tion i the statement adds that there Is I 1 no unemployment ot of a distressing nature natura and that the usual summer slump Is of no consequence this year being almost entirely to seasonal arendo arenda the american america people secretary hoover wrote havo have little right to complain about our economic situation during the year 1924 even agriculture ri has shown some partial re rei i covery from its three yeam ears ot of ex I 1 aremo difficulty our inaus industrial trial pro I 1 was only about five per cenal centi less than th at in ili 1923 which was the rec ardt year in ili the history or of the nation but was thirteen pr per p er cent greater than in 1919 building and other construction tit li 1 1024 1924 showed an even larger volume than in 1923 registering the highest I 1 total in our history story lii while it seems that the construction shortage i resulting from rom ilon during the war should over taken by this time yet the itha standards of living are arc demanding manding le improvement in housing conditions which maintain land anti office occa athi the industry at a high pitch tile the shipping industry showed some homo improvement tit in 1924 although reached a basis baals of stability it has not yet the textile experienced anoro inactivity than other othar manufacturing industries the bituminous coal industry is ia in gr great kilt did cultrea due to complex cases partly tile the holdover from excessive expansion during the war but generally we jehae ahne but few difficulties remaining vhf watch ach can be attributed to the effect ot or the war anges tor for 1923 ana 1924 I 1 were v e r 0 generally maintained ut tit about luv por per cent higher than in 1913 and with vath tile the cost ot of living on bu a basis ot of about level our labor Is receiving a large sharo share of the result ot of this increased crea sedi efficiency eln clency in the highest real wag is agea ea of our history the higher real wage has baa been express expressed ea both in advancing standards Mandart Iq of 0 living and lu in greater savings on an tho the part of 0 the masses of the population |
