OCR Text |
Show MANUFACTURING INCREASING Census returns for 1923 show tremendous gains in the output of factories made in our country in the past ten years. Totals for 1923, aggregate $60,000,000,000, or 2 times as much as in 1914,5 times, the output in 1900, and ten times as much as in 1880. The 1923 returns indicate an output 52 per cent greater in value than that of 1921 and increase in wage earners of 34 per cent. In 109 industries listed, the census report shows 1,335,289 persons per-sons on the payrolls compared with 993,328 in 1921 in the same industries. Total of manufactures exported in 1850 was $23,224,000 and in 1923, exports totaled $2,042,000,000. Factory roducts formed only 1 7 per cent of the total domestic exports in 1850, rose to 49 per cent in 1923 and in nine months ended September, 1924, were 55 per cent of tota? exports. Thus does industry create employment and steady payrolls. |