Salt Lake Telegram | 1923-05-21 | Page 11 | Moody's Review

REVIEW Moody Moody's Weekly Review of PI Conditions in its current number says li in part Bankers are considering some of our great stock of gold way 07 soon begin flowing back to Europe am and what may be the business consequences consequence The balance of trade which not ago was in our favor by pe month suddenly turned against us UI by in March Maids Our own are consuming almost extravagant quan- quan titles of both domestic anti and foreign goods while Europe Europa is 1 too poor to buy Uber J ally Abroad prosperity has decreased within the tle past year whereas here it I Ihas has greatly increased So It is that price of exported goods are aie ht high rh while prices are low Possibly wo we may ye yei finance Europe's needs through an adverse ad verse trade balance In building materials material the buying d dl mand Is less lees keen than it was A torn com composite average of softwood lumber after steadily rising from 24 63 in Sep 1921 to 37 00 at st the end o. o tI Api April 11 has now begun to decline J Public buying of bonds has falk falla considerably In recent weeks and tn slow demand shows signs of I through September or October Past M suggests however that there ought to be a fair demand beginning Isle Uta this lI year and running through the II