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Show I S1YS CURRENCY ACT I WILL HELP BUSINESS Optimistic Letter Issued by m Salt Lake Security & 9$ Trust Company. H FUTURE SEEMS BRIGHT Everything Apparently Tends ! B Toward Record-breaking 1 8 Year Commercially. Ml Tbo March business letter of the Salt fly 'Xakc Security L Trust company rictvs VNfi with satisfaction the business outlook Inj of tbe country. Every indication, tbo R i letter etates, points to u year of steady I j and FubsUntial prosperity. In view of, ' I the depressing influence of the Bal- 1 ,t kan and Mexican wars, tbe conflicts of i labor and capital, and the increased i : uavai, military and social expenditures, f V tbo incienae in the gcnernl prosperitv i ' of tbe world during i913 is considered . : romarJtable. A t One effect of tho new currency act, tfi in the opinion of the bank, will be tho r exportation of betweon $300,000,000 iilii ud $400,000,000 of gold to Europe, J& which it is believed will ujeatU ip HtrenRthen tho standing of America a export trade. ji Outlook Satisfactory. ' The letter follows: The seneral outloole in bulncs .ft ; and flnanco la distinctly atlxctory. :i j nd. h,Ie nothln;r In the nature of a t'" , runaway boom la to be expected, cv- iir, , cry Indication points to a year of Br; . httatfy and substantial prosperity. tf ' Whllo In some lines the year 1913 ?l" : wan by no tneuns a prosperous on In i; J the Dnlted States. It lb Interesting to J(:i ' note that throughout the world last ' year wag very prosperous, and. in . the London Times remarks, business in showed exceptional activity. Indlcat-. Indlcat-. Inr that the history of th human race '. " ' Is more than ever a history or com- k merce and Industry and not one of n-urik and conquests. ThU increase In i.iiw general prosperity Is nil the more re-? re-? m it marltable In view of auch dlsturblns elements a the Balkan crisis, tho 1 'I, troubles In Mexico, the enormous In-' In-' 2, crease in military, naval and social 1. expndltures and tho trade-paralyalnc i ji conrllcta between labor and capital. ri which wero pronounced features of rfHif 1913. ; The worklnjr out of delalln In con- 'iiSl1 nectlon with the new currency bill Is fm. nrogrcsslne steadily and a preat ma-I'tM ma-I'tM jority of tho national banks of the Hjjg', country have entered the nyafem. A i nMT- If eat deal depends upon the selection - A of the federal reservo board by Preal-4Tr Preal-4Tr drnt Wilson, for upon this board will ',,: fall the burden of making the law tM practical, effective and as ratlsfar.-JT ratlsfar.-JT Xoy as Poslblo to all parlies. One trJj result of the bill, which has so far ,x jT- received very little uttentlon, Is Its - ' A, protublc effect upon tho export of sold. One of the leading London ' (K) economists l authority for tho state-ment state-ment that In the next two yearn b- lid tvrecn JSOO.000.000 and (400,000,000 of $c4d will Icuvo this country for Eu-rore, Eu-rore, and that the export of this nrecinun metal will greatly strengthen the etaiidlnc of American export trade. Clearings Decrease. As was to be anticipated, the bank rJearlns of 1913 showed a decrease from the figures of tho previous year, though the loss Is very much smaller than had bct-n anticipated, nmount-Inc nmount-Inc to onl r.7 per cent. The total rcturuH from all tho Ivadlng cities in the country amount to H6S.701.-67:i.95. H6S.701.-67:i.95. In New York CIti' tho do- I I create was C.t pr cent, due In a larso meflbure to the comnamtlvo dullness of the speculatU'e markets. In the New En clan-1 Ktatcs the figures fig-ures showed little chance, while In the middle Atlantic states the total ' for tho year nus in cxrcjs of 1912. In the fouth the rcturuH show con-slderublr con-slderublr vadntlou, while tho cltirx of tho neKt and middle west reported cry atlsfactorj' rculla. TnkinB tho country at a whole. Kink clar-Inpit clar-Inpit ahowM a pain In the first three tnniithK of the ye.ir of CI per cent, hut losses of 3. por cent. S.S per rent and S per cent, respectively, jn the second, third and fourth quartern. quar-tern. Automobile cxporlif from the Unltl Htatei Hrc twentv times as much as ten ytHrs sno. The total for 1913 np-proxinnilfl np-proxinnilfl I40.o00.000. us compared with lrt tluiti J2.O0O.000 hi Itttt. On the other hand the imports of auto-pioblles auto-pioblles fliowwi a markeil drcane, th value of 1?13 belnK only $1.-S0O.0O). $1.-S0O.0O). na iisalnKt 1 1.000.000 in 190?. American autotnobllejj aro pent to nit prte of th world, tho figure for JJ13 lvowln? exports to about ?ev-nty-llve countries and colonies. Canada l our larRest customer and the United Kingdom com oh next, Th tide of Immigration Into this rountry roliUnuoji ti IniTdise. .md during th; last ax mouth of 1913 there uik nddeJ t the population of the country front abroad a not In -crn5 of IS.SO vopl,- The total number of alien wjis 7SI.S49. whllo jtvM tl'A alien that departed number! , Jlju 1K.70, The heaviest mouth for ln- f coining aliens was Julr. when the to-M to-M 1hI was 13S.:ii. whIU tho largest otit-: otit-: ' wine month waa Dcvembcr. with a USnl ,0,n' f 30.;45 aliens departing. Tho M' fl?ur how a ver larc Increase "iiftw over the rorrestioivllnf: months of flVvBa. laxt yeur ami there Is no tpn of an' Kftyy loVw of ropularitv of this country as fiLi n horn for tlm Mirplus population of other countries. Investments Growing. 15 iin Recently compllrj statUtica sho" t'Vm ,h1 t'nilcd b'utos lnvetmenta in fl'lp! initAi current at the present Ml t 137K.0W. as compared with IU7,- N OOj00O In 19U and :79.OO0,0OO In id 130. Of this total, the lar?et Item In St3&.fr90.0O'( whkh represents the rmtabtikhment in Canada of American ludttMrten built and maintained for greater conenlenr; of dUtrlbullon I and to avoid Import dutira, Canadian Cana-dian Government, municipal and corporation cor-poration bonds purchased by American Ameri-can invtom durtrur tho past elirht yenm liavr reached a total of clore. upon 1111,000,000 aiv! American In-vetment In-vetment In laiwl?. mlrres and ni;rl-ciiltunil ni;rl-ciiltunil enterprise also reached very Men riKurrs, In splto of British preference. pref-erence. American continue to dominate domi-nate the Canadian market and irn-nal irn-nal butnca brlen tho I'nltetl State urvl the Dominion continues rooit exretlent. The Tnltcd States Keolocdcal nurver hat ImukI a rtatement to tho effect that tb nuanttty of iron ore mlnM hi the I'nlted States durtnjj 1912 waa 5W.0vO tone tons, thus surprasslnj the former Wch record of 1910. when &7.OI5.0OO lone tons were mined. In the Lak Pupror reicion. whera about SJ per cent of the domeatic Iron ore la mined, the total for 1J13 was 'Juot about M.ooo.ooo lony toru. aa compare! wttli .35.00) lonr to In 15i:. |
