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Show WAR PROSPERITY Tho American Woolen Company of Doston nnd tho Arlington Mills, of Lawrence, Mass., have announced thnt they wilt pass to their employes a share of their war order prosperity prosper-ity In tho shapo of nn Increase of ten por cent In wnges. This will nffect 25,000 operatives In tho former and 7,000 In tho lattor company. This increase does not represent all that tho woolen mill operatives liavo gained as a result of tho i , Increased In-creased prosporlty growing out ' ot tho war boom. On tho f.rat of tho year thoy wero grnnted an Increase I of flvo per cent. Wages In tho tox-tllo tox-tllo trades nro now twonty-flvo per cont higher than formerly. For the first tlmo in Us history tho American Woolen Company paid in 1915 1 1-4 per cont on its $20,-000,000 $20,-000,000 of common stock. In 1913-14, under Yho blight of tho Democratic Tariff, it paid regular dividend on tho proforred sfocout of surplus, its .earnings not being sufficient. i Tho European war not only acted nSV a TroteotlVo' Tariff on' manufacture od.voQlens,,but ,our,.Q?porU toU-o belligerents havo Increased beyond all calculations. During tho calender year 1913, wo exported manufactures of wool to tho value of 4,600,000, In 1914, with flvo months of war, thoy reached $12,500,000 whllo In 1915 they reached tho unprecedented value val-ue of $42,000,000. Blankets, uniforms, etc., formed tho bulk of these exports ex-ports and tho department of commerce com-merce refuses to rccognizo such articles ar-ticles ns munitions of wnr. Trenton N. J., Gazette. sm H |
