OCR Text |
Show The Business Outlook. The federal lmrcau el Statiatiea, in summing up imports and exports tor the final month pi places the trade balance in our favor, for tlii- one month alone, at 064tt4.O84. In exports the, mouth's 1 increase was $ld,000y000, compured with December, 1 190-J. The movement of cotton to Kurope. at ex- H eeptionally high figures, accounts for thi- phe- MS I uomenal gam. as the imports ot dress jroons. wines and other semi-luxuries were beyond the nor- j mal. 9 ! The heavy balance of trade in America's favor i means gold from London, Paris and Berlin when- . i jHM ever we want it. There is al present no dearth of this metal in the United States, the holdings in the BB I treasury vaults at Washington exceeding $WO,0W.- 000 a sum of the yellow; metal never before in one 1 j place in the annals of finance, (iold held by the as j soemted banks of New York City exceeds tbe re- serve of the great Bank of Kiigland, the latter set- H ; ing as financial agent for four-tifths of tho com-mercial com-mercial world, including such ilver-us'mg conn-irie conn-irie at China, India and the Straits Settlements. Hj I Hence the absence of tradt- in Wall street is no H longer traceable to ,t carciiy ot gold. It is trace-j trace-j able to a poverty oi confidence on the part ot the i public, a condition tor which Wall street promoter! H arc alone responsible. aH |