GREATEST YEAR
I
(By Associated Press)
WASHINGTON, Dec. 22.—America's ^
ascendancy to financial supremacy in
the world in the brief space of three
years, gives every promise of continu-|
ing after peace comes, according to(
the annual report of the bureau of
foreign and domestic commerce.
“It is probable that the demand bvi
European countries.” the report, says.!
“especially Russia, France and Bel
gium, for building material, machin
ery, railway equipment and other con
struction and reconstruction mater
ial will be larger than during the war.
Much of our new business in South
and Central America. Australia, and
the Far East, as well as in Africa, is
expected to be permanent, especially
in view of our increased purchases of
raw materials and foodstuffs from
these countries.”
Since 1914 the flow of gold has been
steadily toward the United States in
>a yment for this country's goods, un
til one-third of the world’s visible sup
ply of gold is held here. Net im
ports of gold have amounted in three
years to 11,115,000,000 and in addition
millions of dollars worth of American
securities held abroad have been re
turned here in exchange for merchan
dise. Millions also have been invested
in foreign securities and governmeni
loans and the United States has mad<
—mmn—
loans to the allied governments
amounting to $2,250,000,000 to the
/ 1
close of the fiscal year 1917.
“Three years ago the suggestion
that the United States would soon
be a creditor nation received scant
respect either here or abroad," the
report says. "Now speculation is
turning on our future rank among
creditor nations.”
The fiscal year 1917 was the na
tion's greatest year in foreign trade,
due almost entirely to higher prices
and not to larger quantities.
“That higher prices are not confin
ed to the United States, but are gen
eral throughout the world is proved
by the increases in the prices of im
ported articles,” says the report.
Exports in 1917 were valued at the
unprecedented sum of $6,294,000,000
and imports were $2,660,000,000. The
exports showed an interesting feature
in the growth in sales of completed
manufactures, $2,944,000,000. The
tendency to increase imports of raw
■ materials and decrease purchases of
' finished manufactures made a strik
1 ing contrast on the other side of the
ledger.
I “There has been a pronounted ten
dency,” says the report, “to buy direct
from the original source of supply in
stead of through middlemen as here
tofore.”
1
Most of the ex|K>r»» went to Europe,
consisting in the main of army sup
1 plies and foodstuffs, but tremendous
^ increases were made in commerce
1 with Latin-American, the Ear East
' and remote parts of the world which
formerly wore customers of European
I
countries. It is this new trade which
the bureau is organizing to aid Ameri
can manufacturers to retain after the
war; and which Burwell S. Cutler,
chief of the bureau, says can be done
despite the United States becoming
a belligerent.
—*-♦—
BINOCULARS, TELESCOPES,
AND SPYGLASSES NEEDED
The council of national defense has.
issued the following circular address
ed to State councils:
The navy is in neeff of binoculars,
spyglasses, and telescopes. Its sup
ply of lenses in the past has come^
chiefly from France and Germany,
and American resources are inade
quate to fill the present greatly in
creased demand. In this emergency
the navy counts upon the American
public to contribute its stock of priv
ately owned observation glasses with
the same generosity that has marked
its donations of sweaters, mufflers,
and other articles of comfort for sail
ors.
Nobody should desitate to send
glasses because they are old. for old
lenses are often of good quality. The
navy department will repair instru
ments that are out of condition, pro
vided the glass is satisfactory.
In order to conform to the govern-'
fnent policy of not accepting dona- '
lions, the navy department will pay
*1 for each binocular, spyglass, and
telescope accepted. The glasses should
tagged with the owner's name and
address and foTwairded direct to
Hon. Franklin D. Roosevelt, assistant
secretary of navy, care of Naval Ob
servatory, Washington, D. C. They
will be promptly acknowledged, and
those not available will be returned. ,
-♦—
Don't delay your orders for youT|
Christmas fruit cakes and puddings,
at the City Bakery.
A CANDY HOUSE
Is on exhibition in the window of
the Candy Kitchen—Made entirely
of pure cream caramels by our ex
pert candy maker—Have you seen
It—Anything and everything in the
Candy line—Xmas Candies a spe
i cialty.
Sanitary Candy Kitchen
NEXT CORDOVA HOUSE
THE CITY BAR: RY
WE ARE SPECIALISTS IN FINE CAKES AND PASTRY
I - FOR
Parties and Receptions
MAKERS OF THE FAMOUS "CREAM LOAF” BPEAD
SUN "MAID" RAISIN RREA D—A TREAT INDEED
RYE BREAD GRAHAM BREAD
LUNCH ROOM -WH £RE YOU GET THOSE EXCELL
ENT LUNCHES
I /
n i — ■ i ■ mi >■ i II ■ II in hi II ii n i Tirrri ttitti irmr TTTT" i
ALASKA
STEAMSHIP CO.
Fast ana commodious steamers sailing between Seattle, Ketch
ikan. Wrangell, Juneau, Skagway, Cordova, Valdez, 8eward
Leaves , Leaves Cordova
Seattle. for Seattle.
November 27 VICTORIA December 4
December 1 ALAM EDA December 8
Tiie freighters Cordova, Latouche, Juueau, Valdez
and Ketchikan also make regular trips.
This company reserves the right to change schedule of steamers
without notice.
Tickets on sale at up-town office Alaska Steamship Bldg. Baggage
or freight will not be received at the doik later than one hour before
sailing time.
F. B. TRACY, S. R. HEDGES,
General Agent Agent
L _____ I
—Next Steamer—
S. S. ADMIRAL EVANS
Leaves Seattle.December 14th
Arrives Cordova, Westbound .December 20th
Leaves Cordova, Southbound .December 26th
Next Sailing from Seattle January 1st.
CALIFORNIA ROUTE
Steamers President, Governor, Admirals §chley and Dewey, Queen.
Through Tickets to All Parts of the United States and Canada.
Right Reserved to Chance Schedule of Steamers Without Notice.
FOR FULL PARTICULARS APPLY
W. A. NOURSE, Agent. Empress Building.
| _11■ 11, . f | '
I Christmas
OMHM
SUITS AND OVERCOATS
$20.00
Knox, Stetson, Hardeman
HATS
$3.50 to $6.00
Howard, Foster, Avon,
Stratford, Chippewa,
Florsheim
$7.00 to $11.00
Medicott Natural Wool French ^ ^ ^ . |
Ribbed Underwear and Yourfit d»0 AA C A A
/the perfect union suit^^ Underwear ....
Shirts, Ties, Socks, Smoking Jackets, Bathrobes, Slippers, Collar Boxes, Suitcases, Fine
Trunks, Electric Percolaters. Irons, Washers, Toasters, Carving Sets, CommunitylSilver
Rifles, Shotguns, etc
FINKELSTEiN AND SAPIRO
“The Store That Satisfies”
—imiimiii .....uni . ..mm_
i* ' -——.11 I
FOR GENERAL TEAMING, BAGGAGE
TRANSFERRED, AUTO SERVICE,
COAL AND WOOD.
ALASKA TRANSFER
COMPANY
UNEXCELLED WAREHOUSE FACILITIES
For Storing and Insuring Baggage,
Mdse and Household Goods.
Office—Northern Hotel Building. Phone 85.
- - ■ i S -■ — - - ■ - -1 -
f NORTHERN MEAT MARKET 1
•i &
Wholesale and Retail Dealers in |;
I FRESH BEEF, PORK, VEAL. MUTTON AND PRO- I
% VISIONS
Particular Attention and Prompt Service Siven to order* from
Mining Camps, Roadhouses and Interior Points g
:g *
| :| HALIBUT and Other Fresh Fish of all Kinds Will be |
Kept in Stock When Available. &
| SMITH & GLASBRENNER, Traps. |
i .... ...—.. ....1 «
Sixty Steam Heated Rooms Eietric Lighted
Hot and Cold Water in Every Room
With or Without Bath.
| Cordova House
H. C. ROSS, Proprietor.
Headquarters for Railroad and Mining Men
Satisfaction Guranteed
Rates Reasonable
Foos Gas Ingines j
i 4 to 500 Horse Power
General Electric Motors |
| Roebling Tramways
Pelton Water Wheels
Chicago Oil Engines and Compressors 1
| |
| Harmon Machinery Co. Inc I
Oxy-Acetylene Welding and Cutting
CORDOVA, ALASKA