would mean, at five cents a cartridge, 500,000,000 rounds of
ammunition. I know of a single order to America from England for
10,000,000 horseshoes.

Through a single agency in America more than $150,000,000 worth of
war-supplies was placed several weeks ago. I do not know whether this
included a single order, of which I have knowledge, for 3,000,000
American rifles, delivered over three years at $30 a rifle, or
$90,000,000. The company receiving this order had to work so quickly
to install new machinery that old buildings were dynamited to clear the
land.

Such orders to America are bound to tell upon our exports, and,
combined with the advance in food-stuffs, the loss in cotton values by
the outbreak of the war is offset more than twice over.

America must feel the effect of these orders when the goods go forward
in increasing quantities. They are paid for as promptly as shipped.
Many an American factory has been put on three eight-hour shifts for
the day's work on these orders.

A Southern manufacturer received an order for 5000 dozen pairs of socks
to be shipped weekly for six months. The price was under $1.00 per
dozen, with ten per cent of wool in them. He complained that he was
making only twenty cents per dozen profit, while if he had not been so
anxious for the order, he might just as well have got a price that
would have shown more than twice this profit.

In boots and shoes, England, instead of giving orders to this country,
has been buying leather in America, and filling all her own factories.