Synopses & Reviews
Synopsis
Excerpt from Annual Report of the Secretary of the Treasury on the State of the Finances: For the Fiscal Year Ended June 30, 1915; With Appendices
Mr. Roger W. Babson, president of Babson's Statistical Organiza tion, kindly made a special report November 13, 1915, upon the request of the Secretary of the Treasury, in which he says: The present business situation is very healthy in most respects. Irrespective of war orders, our industries are receiving a large volume of domestic orders. The fact that the shoe and lumber trades are reviving, while their export field remains in large part cut off, shows conclusively that domestic conditions are very much better. The moving of our record breaking crops and the inter change Of manufactured goods in different parts of the country are taxing our railroads to the limit. This is shown by the great reduction in the number of idle cars, which were exceedingly plentiful only a few months ago.
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