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Show III CIRCLES W MjfCHWORRIED 7mn Tliat Balance of Trade JmHoY Is Against the m: United States. Jrhaveto BE MET IB EXPORTATION OP GOLD Speculation in Rubber Jnrs in England Has Also Caused PIurryv JJJBy PBESTON 0. ADAMS. 2Ed Wiro to The Tribune. ijTfcYORIv, April 2. Financial ItWjre worried over the fact that !HL first linio in more than a 4)iH:th0 balance of trade nt this tihe year is against tho United jThey can sec no way to meet petsc trade balance except by 2Rartation of cold in unusually Enntities, and a cpnsequent lis-'Biof lis-'Biof finances here. Another mat-iSHfcli mat-iSHfcli is liable to affect, the move-2SH move-2SH gold is tho wild speculation vlKer shares in England. This will 9fr lead to tJie selling o Arnen-WBcnritios, Arnen-WBcnritios, and will certainly cur-J5K cur-J5K demand for them, which has snonsiblo for the fact that gold - SMJjta have not already begun. JuKtors in Now York who arc SjBcally lectured by staid British btkHs are indulging in a chuckle kSMk6 gambling craze now" raging The total output of new capi-4Bs,London capi-4Bs,London since January 1 was 5W0,O0O, the lieaviest for any year !Krd, with the exception of 1909, he total was $295,000,000. Dur- Jbruary alono no fewer than thir-miKi' thir-miKi' now rubber companies were 'Wwith a capital of $95,000,000, 'lee thcu every day has brought JJfJWbaich of prospectuses depicting clHring colors the fortunes to be S2from rubber trees in tho four iJBof the earth. In the whole of fej&s than $11,000,000 new capital fcMkcd for tho exploitation of the '"mitndusfrv, a total applied for in ;2Bfflk this year. Shades pf tho :TKea bubble, the Secret an copper i3Mnd tlte Dutch bulb mania! Cautly Trust Now. iuflfre now to have a candy trust. Sid to statements made, the a ttHeation m.iy be as high as $25,-uijKr $25,-uijKr Conferences havo been hold JKcitv within the past week or JlBpirding tiio deal, although up ;2Eiresent time nothing conclusive fSMkn arrived at; conceruing tlic iSMf. nc head of a leading candy Hi'cturing concern who was ap-jttBd. ap-jttBd. in regard to the deal made AjjKIowing statement; "Various SBeturer3 of confectioneries havo Mnfcrring recent.)' for the purr ,Wm bringing about a consolida-jjJBtitcrcsts consolida-jjJBtitcrcsts Itcre and at Boston, as dlKin tho west, have been sounded ttKt object , tho idea being to get tMHknie corporation. Tho Corn Defining company has been ttijHttilby various manufacturers of 1Hp'eries to act as manufac-LWWvpT manufac-LWWvpT them of certain grades of feRipcr priced candies for western 1BF It was suggested that these Bfc.eould be put up in packages, -rW, labels of the various concerns 4IBombine on them, and distributed ii'jHfcjut the western territory in vKtion with tho National Candy fOMd to National Company. 'ph? case stands, the proposed Ution would be in opposition to fittional Candy company, but ua some who aro in favor of thiB concern in, and it was said I matter was talked over with fcPeckhani. president of the Na-HCandy Na-HCandy company, recently, when J'm town. Just how he viewed HlKfPPoaition, however, cannot be BBSi s comPau.V owns, in all, PBT an3 anfl controls a majority m stock of the Clinton Sugar Iie-i;.co)upany. Iie-i;.co)upany. It was organized in , P.i consolidate tho following j jfloanufacturcrs of candv: O. H. 'W.B Caiuly Manufacturing com-Valter com-Valter Confectionery com--fljK' Dj. Seward Confectionery com-iBt com-iBt Iuis? Pau Confection com-t com-t 'm, Farley Manufacturing 'IByi.c,UcaCo; P. Eckort company, iJ.-Wi; Burt & Sindele. Sibley 'St JKfa, , Buffalo; Gray. Toynton & dliK-etvlt! "Paris-aLurtcm compnnv, JMt? i'n Xickls-Krull companS', 55 Co., Indianapolis; Putnam m-company. Grand Eapids; Frank -'vKS9 Candy company. Louisville; tmi, nch J Co- yt- Pai11; L s. .ttM Co. Nashville; G. Tormoehlen 'MP-' Chicago; J. J. Dougerty, fiKi fcaglc Manufacturing com-Atlantn; com-Atlantn; John Wahl, Dulutb. It Jm aI"nual output of 70.000,000 ! U was said that Charles Ii. j been approaclicd by the pro- lm. iii 0 nc;v scheme with a view JiaKuig an active art in tho jlE.Qr0V!th of Pacific Coast MP; Lewis of Portland, Or., Tvho IPK i e)ly this -'ckJ talked in-S?? in-S?? of 1,10 growth of tho Pa-'lffi-and Fortlaud. "There is f JiKn ,Dfi KmnH 0,1 in Portlnnd. now Pn any other placo on tho const," jK' Tiie population of 3miL 1L?stnnato(1 ,10W at all tho M!?:a 220,000 to. 275,000. Tho cen- 'l5BW?bably P'vo 1,3 OV01' 250,000. f0.5a.v lLat wo wero J)utting fRba,,,ll"KS too fast lor our JRwJi cncl1 ouo h:,s nlletl P- Th flllHSswess is the biggost in Port- LMWatt! ,a'mnry tho quantity of IKiTr4 from tl,e Pluco was sec-10 sec-10 that sent out from New jlTP. fruit Industry Pays. 0mla fruit in tho country about JaEaq ha,s to como thero to bo jt?M'i ana f course this has bo-JmiiJ. bo-JmiiJ. Ircraonlons industry during tho E We dorJt need irriga- 2S products in our part Kjml i0-0 Jms increased so rapidly Kp'fc ve hnvo had to got n good RL0tir' supplies from the middle fciL n,'t ousineas pays so woll HVtli as "ch ns $200 or more an Sbpo'u11' poopl wn0 ,iav0 cnp" Knntni niD!ln wIo fivo or s'x yars TlKl . 0 ncrc's of 1:1,1(1 of which iKunu T!?18 an orchard. Its cost. tiT.iLtno improvemonts ho put tj-OOO Ono vear he cleared ftnn ?.8mPl,c,l carloads of pears g;mm iu Sfcw York at auction S a box. He recently sold out for $100,000. Out of that investment he had netted $250,000. Another man I know bought a placo for $30,000 fivo years ago and sold out recently for $173,000. About the main topics out there arc real cstalo and building, Proportv in tho retail district has practically prac-tically doubled in value in the last sis 3rears." Industrial Development South. The industrial development of Iho south is evidenced by tho announcement announce-ment of the Southern railway that it must buy $10,000,000 of new equipment. Movement of traffic over the Southern is heavier than ever before, and this may be said to bo equally true of tho Seaboard Air line, tho Atlantic Coast line, the Louisville & Nashville, and other systems m tho south. It seems to be recognized that the railroads of the southeast arc now doing as large a business as their -present facilities can accommodate, while the volume of freight is increasing every day. Jn the circumstances it would seem that thev will be forced to provide additional addi-tional trackage, terminals, equipment, etc., or face conditions similar to those prior to the depression, -when thev vcro unnblo to handle all business ol- f ercd. , , . Improving tho Line. hi the twenty-two months the receivers re-ceivers operated the Seaboard Air Line railway from January 1, 100S, to ?so-voinbor ?so-voinbor -1. 1900 thoy expended upward of $5,000,000 improving the system, and since the reorganization approximately approxi-mately $1,500,000 has been appropriated appropri-ated for the purchaso of additional cars and engines. The Atlantic Coast line and the Louisvillo & Nashville also havo added add-ed to their equipment, and now the Southern railway announced that it is about to place the largest orders m its history-. The Southern and tho Atlantic Coast lino havo laid second tracks on part of their systems, and it is understood that eventually these companies and the Louisville & Nashville will double-track their entire main line. It is estimated that this work would cost well above $50,000,000, and that in time at least that amount of some form of bond will bo floated to defray the expenso of theso undertakings. New Economical Question. Attention is being called to a new economical question in the south which may be stated in general terms that the dovelopment of wator power hurts coal consumption. Tho subject has been brought forward by writers employed em-ployed to exploit coal companies, and tho' warning has gone forth to investors in coal plants that tho utilization of water to drive machinery, especially m tho states of Virginia and North Carolina Caro-lina tliroatons to interfere niatorially with the returns of tho coal companies. It is estimated that in the last two years fully 000,000 tous of coal havo been displaced in tho Piedmont section sec-tion of the Carolinas, and experts nay this loss will bo increasod to 1,500,000 tons in five years. It is contended that, water power iB cheaper and m many respects more satisfactory than coal, and that many of the largest cotton mills thero have substituted it lor steam, and others arc arranging tc mako Uic chaiig'i |