Show leral era Situation Is Sound By Byra Ira ra C. C Tichenor I. I the descent from the peak of war inflation continues tit serious disturbance and undoubtedly will ill proceed to toor or a new normal in III the same manner manlier still there is IS no for fot the depression in some sonic markets and particularly a ye I issues sus su's such as was experienced during tho the last two weeks C U try's b Cn financial system JB as previously declared and as 35 absolutely i f ts and supple supplied by the treasury department is 15 stronger 1 ny fly previous time in the history of the nation natio while the general as hown by reports of or activities in many lines 1 is equally as a sound nan lal al situation e there thero ero was an Increase incese In the number of or failures In n October as asI I w th the previous mo month th and the similar r month last year year they great as might have been expected In view of the the- necessary fl 1 prices An analysis of of the reports of business mortalities j I lOWS that at least 70 per cent of the firms which failed in j r r were ere of f less less than tian capital and to a great extent represented I Ic n Ti resulting from the era of ascending pric prices s. s c clearings in m October were equal to those in September and j 00 l heavier ier ea than the total for August ig g September there was a a surprising gain in the foreign trade I It 10 Exports of merchandise amounted to while the imports import t a aL that amount Thus far during 1920 the exports and imports I I d at the same ratio rato as during durins the two preceding years and with Ige j I ge of the trade balance in favor of the United States remaining I unchanged I pf iS-pf of gold in September amounted to while the imports or a balance In our favor of thus hus in increasing re sins I ance n Q since January 1 to r IMF pe capita capit circulation n at the end of October was compared I I Sl 5 a a year ago the total being nearly as compared I i 1 proximately in October last year while the stock stoc of ofas I as at the end end of October as a compared with wih j I 1 18 1 of September I v d nd and interest distributions in October totaled approximately 00 as compared with wih in September and in las year year other favorable comparisons could be made but these are sufficient that the general situation in the United States is absolutely sound |