davidaulloa/AmericanStories huggingface dataset:
The Montgomery advertiser., 1908-12-12

The local stock Is gradually increas- ing. The increase this month Is about t3.ooO bales. and rrmors are afioat that amount to. something like 50,000 bales. December notices duEing the week are said to have reached rather large larger than was generally supposed. The Government crop estimate of 12,- 92o.eo0 bales is. by many, considered owins to outside nressure are denied st Washington, but such rumors, however unfounded. have had some effect here. <. Apart from this, 1t is pointed out cembsr l. If reduced to bales of 500 pounds each, is in half Q dozen States so large aR to suggest that before the crop estimates for these States will be eqnalled if not exceeded.
 The fact that the Governments De- the past four has been fo1giy from l 500,000 to 100000 bales too low, en- courages net few to believe that toe ioW Yet r it is sses sat ss isss iaSt year the December estimate was S50,- 900 bales too high.
 After all, too, prices have shown not little resistance to pressure. Decem- Der still continues at a gsod premium over January. The stock here Is inc creasiag: but Is all good cotton. Big ports are important features of the sit-
 Many believe that crop of 1s,soo. 900 bales will be absorbed this season; ea- pecially as the quality and staple ad- mittedly murch surpasses those Of any erecent crop. Parts of the South are beginning to report exhaustion of supplies. It Is believed by many that the crop has been marketed with un- wonted ceierity, owing to very favor able weather. which gives false impress sions as to its size. Prices are 2 cents lower than Q year ago and 3 cents under it's night point. Middllng uplands cotton here Is quilted at e.iSc, but In the season of 1906-07, when th 6 crop was 15.511,0O0 bales. 1t is pointed out that the average price of middiing at New York during the year was II .45. Finally, Wall Street bulls con tlnue to buy on a scale down on the idea that cotton Is cheap and that every bale will be wanted. Operators there think that the actual consumption will be enormous and that spinners will buy. a very large quantity of this sea sons superior cotton in. excess of their actual needs. For the moment hoW- eyer: eyer: the big receipts seem burden
The Montgomery advertiser., 1908-12-12
TAKING OF AMERICAN COTTON RY SINNERS THROUGHOUT WoRLn

New Orleans, Dec. 11-Secretary Hes- ter gives the taking of American cotton by spinners throughout the world as follows in round numbers:
 This week 396000. this year against s4S,000 last year, 419,O00 year befors last.
 1S7000, against 3,404.OOO last wear ana 3,710,000 the year before.
 Of this Northern spinners and Can. ada took 1.177.00O bales this year. against 602,0O0 last year, and 8s5 ,00o the year before; Southern spinners 7Si - 900, against s22.o0O0 last year, and s3I. 900 the year before; and foreign snin. ners 2.l79,0o0. against 1.ssO00o last year and 1.ss1.00 the year before.
The Montgomery advertiser., 1908-12-12
NEW ORLEANS COTTON.

New orleans. Dec. fli.-spot cotton QuI- ct 1-tec lower. NEiddling &c Sales on the spot $50 bales: to arrive 100.
 Futures opened steady at a decline of six to eight points under Che effect of bear ish cables. After the middle of the morn ing the market had a better tone owing to aletting up tn the movement. Balls. how ever. were not aggressive and made nc effort to press the advantage etetistics gave them. Prices slowly rose until they terdayss colsing. Toward the end of the session they sagged again. This was due to rumcFs of weakness In the spot TsaEkss which were partially confirmed by official reports, reducing the price 1-16c. On the close the tone was steady and prices were unchanged to one point lower than yes . terday's closing.
The Montgomery advertiser., 1908-12-12
NE WYoRIk COTTON.

New York, Dec, 1.-The cotton mar ket showed continued weakness today sa, and Japusry suffered Is 2 particularly a net decline of 3 to II points. Sales were estimated at 3g0000 bales. r The market opened easy at a decline of to 3 points. although the cables were just about as due, and during the first half hour sold at a net loss of 9 points under liquidation and bear pres sure. The decline was checked around s51 for January and s5s for May by covering for both local and foreign ae. count but there was little indication of bull support. and sentiment showed little improvement, although prices rallied to within a point or 50 of last nights closing during the middle ses. sion. At this level offerings again be- come heavier, owing to rumors that there was sttIl a considerable long in- terest, which might be forced to liquidate. and during the afternoon the market was very nervous. with Janu- ary relatively weak and selling off to 8.42. or IS points, net lower. and sS points below the high record of last month.
 rather slowly and 1t was believed that the break was chiefly due to the liquidation of some large January long interest. The close was a few points up from the lowest on covering.
 Southern spot markets were un- changed to 3-Sc lower. but local spot men claimed that the interior. as rule, was not following the decline in futures. New England spinners are said to be holding off in the hope of securing lower prices.
 Receipts at the ports today S9,igz bales against T4,62 last week and 57,- 2S2 last year. For the week 4lOOOO bales against 45s.2s1 last week and S6S,793 last year.
 Today's receipts at New Orleans, IT,, S70 bales against 8.09e last year and at Houston 16,1e4 against 7,34s last year.
The Montgomery advertiser., 1908-12-12

Secretary Hester's Weekly Cotton
 Statement.
 New Orleans, Dec. 11.-Secretary Bester's weekly New Orleans Cotton Exchange statement issued before the close of business today shows an in- crease in the movement into sight compared with the seven days ending this date last year In round figures SlO00. a decrease under the same days year before last of 17.o00. and an in-
The Montgomery advertiser., 1908-12-12
CINCINNATI PRODUCE

ULNOANNAII FIgUUUNLs Cincinnati Dee. 11.-Flour Qulet. Wheat easy a. .0s@ @eI.o7. Corn quiet e1 z @t3cs Oats steady 6a0 Hc. Rye dull 7S0 soc. .I Provisions steady. Whiskey steady $1 37. . Butter steady. Eggs steady 24@82c. Poultry firm; spvingsrs lie; hSAs sMoi turkeys Q iae,
The Montgomery advertiser., 1908-12-12
NEW ORLEANs COTTON FuruREa.
NEW ORLEANS SPOT COTTON,

New UrfeAns, Dec. II.-spot cotton was quiet; receipts 11.97O; stock 300, 272. Low ordinary nom ...s s... 4Ae Ordinary nom ..-ess.s ss..s. 3-l6c Good ordinary s.6Ac Low mtodhng. ...s s'ss ss's ss.. 6o Miodnng ssss ssss S&c Good middIing ...s ...s .s.s so.. 9hc Mtddling fair acc Ss.. eMc EaiTs nom ssss ssss ass.ss..lOA0
The Montgomery advertiser., 1908-12-12
NEW YORK BONDS.


 U. s: refg. 2s. reg .... .... ......lOs A
 do. coupon e.'s ..1O4 U' s Ss, reg .s's zee ........ 100 $
 do. coupon 100 < U' 3 IS reg. '... s'.' .... ....l20k
 do. coupon ...' ..'' ....i21
 do. es .'.. .'.. .... .-'s..... .10Sk Atehison gen. Is .s.. .... 100 x
 do, adjustment Ss L... .... s2n
 do cv 4s ..-' '-.' '-.''' '.''.... 1o2M
 do ev. 5s .-:. .... '.'' ....... 105 < Rsl RsI,,G,ors Coast Lins Be-, ts '' ..'....' Ss R-oot,vI 1G S4s r:'..ii '.'. '.'t '''' s5 Central of Georgia 5s s..s s.....1o9
 do. lst. Inc s..s s.'s ss.... 30
 do 2d Inc .... ''.' ''.. .''. 62h
 ao Sd Inc ss.s 30 Chicago Alton 8 Is .......... TT c. B. Q. new 4s ..- ...... % c. R. I. X P. R. R. Is 75&
 do' col. Ss '..' .' .''''s '''''''' S6
 do. rfdg. Is .... .... .... ...... s9A C. C: c. St. L. gen. 4S .. 9s Col Midland Is :... .... co. '... Ish Col, Southern 4s. .~''.s's co. gSh Del Hudson ev. As .... ......lO4 Denv R. Or. 4s .... ......... 98h Erie prior lien 4s ''..'' 's'' ssS Ere Ere gen 4s ..'' ...' '''' '''' +.'' a 70 2 2 Inter Met. 4hs ...- ''.' .'.' ''..'' as Japan 4s ..,> .s'. ss.s '.sS ''s~ ss ss
 do. do. ts2s. sd Ser .... .... .: .... ~ :.:::, si Lou. & Nash. Unified lB .... ..1o2 Manhattan con. gold Ss s''' s9h dc. ist. Inc ..-. ...s ..ss '''''' sz% Minn. St L. As -... .i'. s''' s%A M. K & Texas is ,... eco. ss%
 do. snds .s's ssss At's ssss acc es
The Montgomery advertiser., 1908-12-12
NAVAL srORES,

Charleston. Dec. 1I.-TuTpentine ofm
 Rosin firm; ABCD g 90: EFF ss.sB; c @ ssTK; H Sssss; I q. .o6; E tk.eo; M SB.7O;s N s6 .0Ss wa SC 80; wv es.Ae.
The Montgomery advertiser., 1908-12-12
KANsAs CITY nRAIN.

Kansas City. Dec. 11.-Wheat: Dec. ssh :: May 9s% No. hard $1.0o9$I. .osS No. 2 Corn: Dec. 5sK; May 57K; No. mixed 5s O hc; No. 2 white 5sc.
 Oats: No, whte 4s961c; No mixed Butter and eggs unchanged,
The Montgomery advertiser., 1908-12-12
WEEKLY REVIEW OF COTTON.

New York Dec 11.-Prices of cotton by the enormous receipts. The extra ordinary movement into sight, week by week, is where the shoe pinches. South are reported either sluggish or actually weak and there Is a pressure here of Southern hedging. Then Liver slstent and at times large. They com sist of stales motly of October againt purchases across the water of Septem- ber-October. Such straddles may not thus far, but operators stick to 1t that they will ultimately prove remun- eratiVe. Moreover, there seems to be some falling off in the sales of cotton goods in this country; Lanchshire com plains of dullness of trade British ex- ports for the goods are somewhat dis sppointing. and Belgium reports show short time among some of its mills.
The Montgomery advertiser., 1908-12-12
TemperAturs.I IPre STATIONS. Min 1 Max. litai

Nat; R. R. of N. con; As .... ...... q N. '. Central gen. 2hs .... 5M N. J. Central gen. 5s ... .12S # Northern Pacific 4s '.'' .''s..ioS Norf. % & west. con. 4s ''' .... :. ssH oregon Short Line rfdg. Is .s s... .. etA Penn. con. 4s s... ..'s..ios Republic of Cuba ss ....&.... ....les $. ss [. L. $ s. ?. fs. A ts ...: ::.. . ..:. $ { St L. s'west cou. 4s .... .... s... 7sN seaboard Air Line ss ..s... ...... e3h Southern Pacific 4s s.'' .s's ss.. = Sl if
 do. 1st 4s .... s..s s..s.. seM SossnsTn Seaas Psct,s sy; ss lat: ... :.:. ..:: ToL. 8; L 4 ". As A..s .s.. ...... s3M Union Pacific 4s ..,. ....io9k
 do; cv, 4s :'i. l''' zee 's.s ss..iSs st wabash lists .... .... .... .... ....iis wheeling c L. Erie 4S ....i ........ @ wisconsin Central 1s ''.' '.''.' ss*
 CHICAGO GRAIN AND PRODUCE.
 Chicago, H., Dec. 11.--General lie quidation caused extreme weakness to- at the close being 5-s to 3-lc.. bee low yesterdays final quotations. Corn, oats and provisions also closed weak.
 The wheat market was a nervous and at times prices were a trine above the previous closing. but during the final hour extreme eweakness devel- oped and the market closed at almost the the STsS SSy ssE%ssn PSin nsy Tassd sS oT dgrn and July between 9S and 100. The close on May at i05 3-4 to 105 7-S and on July 98 1-S.
 last part of the day and the big hold CTS were credited with selling freely. although 1t was dlfflcult to determine the starting point of much of the of. ferings
 Northwestern interests were said to have sold heavily here but much of this selling was thought Co have been for local interests. The weakness of coarse grain and the continuance of favorable conditions for the fall sown crop of wheat in this country were de- pressing factors.
 Minneapolis, Duluth and Chicago re- ported receipts of 420 cars against S5S last year and 501 a year ago.
 Corn was weak throughout the on. tire session owing to liberal sales by leading longs supplemented by free selling for short account. Likelihood is that receipts here next week will be much more liberal was the main reason for the selling pressure The market closed at almost the lowest point, with prices off 3-4c. Final quo tations on December were S7 I-z to were, 403 cars with 3s of contract grade.
 oats were weak because of the slump in wheat and corn and owing to a poor demand of the cash grain by Eastern shippers. At the sample table prices were steady. The market clos ed weak at declines of 6-s to 7-S to 1c. with December at 50 1-4 and May g S-s to 52 1-2. Local receipts were 137 cars. .
 Selling by local packers caused weakness in the provision market. Tbe weakness of corn and a s to i0c, de- cline in live hogs were bearfsh fac. tors. The market closed weak with prices 10 to 32 1-2c. lower -
 Estimated receipts for tomorpo~. Wheat S3 cars. corn $50 cars; oats II6 cars. hogs 21,0O head.
The Montgomery advertiser., 1908-12-12
LYERPnnI. fnTrnN-

Liverpool. Dec. 11.-closing: Cotton spot in limited demand: prices ten points loweri American middling fair s... .... ....6. ss Good mfddling ....... -6 02 Gid0Iing ... ssss sss.s'4.s6 Low miodhnB Ps...s4 s4.6b Good ordinary ssss sss. s.....4 IS Ordinary ssss.s ..sss.-S.To
 TheA sales of the day were 5000 bales of which 300 were for speculation and export and included 2,400 American. Receipts 16,0OO balea. all American.
 Futures opened easy and closed Quiet and steady:
 December aSas ace ss..4.6S December-Ja January ss-s ps"s ss's s,4. ez Jannary-February sec ss's zee '4.Ol hs Jsnuary-February @s's sec s'4. .Sl E February-Msrch zee. RssS Sss~ ss'.4 6Oh Maroh-AprH see ssss ss's sSss$' 6s h April-MaE asss sAAA Ssss sasE Pss.4 Sy a May-June sasa see RsA@ 60 s.sss'4 es b June-July ssss sssG ass~ e.sss ss''.sS eo July-August ...ssS s.ss Ssssssss s'4 os ss August-September ,S''s s"'s ''t. 21 2 Hs 6eptember-October s'.s sssS s''s s.t B October-November .'.s s'4' 4o Noyember-December- s"".ss s''ss.t 4sS December~J Gnu6rK ssss ss.ssssse. 4S January-FebruaFy s... .... ss.s 's''A' A%zs
The Montgomery advertiser., 1908-12-12
LIVERPOOE GRArM

Liverpool. Dec. 1l.-wheat, spot duii. No red western winter Is 1ika. Futures qgiet. Dec. ss Sd March 7S SHd; May 10
 Corn: Spot steady; American mixed (vin Galyestop) 5s sd. Futures quiet: Jan, Ss 4hd; March Ss 4hd. -
The Montgomery advertiser., 1908-12-12

Washington. Dec. 1i.-Todayis statement of the treasuFy balances in the renerai fund shows:
 Available cash balances .. ... .SIls, ,7ss.ss6 Gold coin and bullion ...s .... 2432s.2 .29O Gold certificates .... .... e.. 5G2eLS6e
The Montgomery advertiser., 1908-12-12
NEW ORTrAna r0r.ronr T1Tr
TRFAaTTpv wAV.Anr,wa

New Orleans, Dec. 1l.--Cotton seed oil; prime refined In barrels per pound |, it cents.
The Montgomery advertiser., 1908-12-12

Wilmington. Dec 11.-spirlts turpentine steady 3Sc; receipts sS casks.
 Rosin steady S2. 75; receipts 7s. Tar firm @ 70;, receipts 2s3. Crude turpentine firm s2.00; ss.o % and S3. 0o; receipts ,ss,
The Montgomery advertiser., 1908-12-12

sayanuah. Dee fi.--Tqrpentine firm. sse: sales 4B2; receipts ITS; shipments Iso.
 Rosin firm; sales a0ls: receipts 2,Tto: shipments 1.O70; stock 152.St3. SD S3. 0B: S5:lo: M sS.so; N ss.iS; VIC SC. 70; wv tS,5o.
The Montgomery advertiser., 1908-12-12
lEIoodl Gase Ich.ng.I Rain lstags Rsadsl a zk sTATIoN2 17Am-A hrs. I hrs.
'--Rlslng. x-Fallins.
RIVER roREcAs1


 RIVER FORECAST.
 The. Coosa will fall slowly; the upper Alabama will continue to rise very slowly tonight. and remain stationary Saturday; the middle and lower Alabama win coptin- ue to rise slowly through Sunday. not ex- eeeding 20-foot stage at Selma.
 WEATHER CONDITIONS. . Light rains have occurred at scattered stations from the Gulf States northward through the Ohio Valley and Lake region. under the influence of an extensive area of moderately low barometer central over the upper Lake region. The inflow of. surface air towards this Tow has caused some what higher temperature to the east of the Mississippi River, though an area of high" moving eastward over the western districts is giving fair weather over the western half of the country. with colder in the middle northwest.
 Conditions favor partly cloudy weather in Alabama during tonight and Saturday, with little change in temperature. Q. g. Department of Asricuiturs. wsathsr
 Bureau
 Temperature and rsseipltsticn as report. ed by the Weather Bureau for selected Southern States during the 2S hoars and-
 Dec. il. 1908.
The Montgomery advertiser., 1908-12-12
rea.e over the same -time .in lsO5 of

crease over the same time in 1905 of
 For the eleven days of December sss s0sas f sSw % over oysr ts same period year before last of 47.0oo. and an increase over the same time in
 For the io2 days of the season that have elapsed the aggregate Is ahead of the 102 days of last year 1.94l,00O. ahead the same days year before last ssS,Soo and ahead of 1905 by l;iss; @ OOo. ing the past week has been 5574Sl bales. against 47e,e35 for the seven days ending. this date last year. 574,- time in 1905; and, for the eleven days of December 1t has been 971.902, against 7400s7 last year. s24,sso year before last and 6s3.742 same time in
 The movement since September lst shows receipts at all United states ports 5,31s,S03. against 3,95o.76o last 4434.s65 same time in 1905. overland across the Mississippi, Ohio and Poto- mac rivers to Northern mills and Can sos, 220 year before last. and s51,so5 same time in 1905; interior stocks in excess of those held at the close of the commercial year 6se,0s4. against last and 571,a59 same time in 1se5 Southern mills takings 773,000. against SO9, 143 last year S23,163 year before last. and S06.627 same time in 1905.
 These make the total movement for the 102 days of the season from Sep tember 1st to date 7,300.9S5. against 5,360, ,414 last year. 6.642,641 year before last and 6,165.15s same timeN in 1905.
 Foreign exports for the week have been 3S6,1s0 against 214s26 last year, making the total thus far for the sea- son 2.737.4s5. against 2.sss,794 last year. an increase of s4s.701.
 Northern mills takings and Canada during the past seven days show an increase of 69,903 aa compared with the corresponding period last year. and their total takfnRs since Septem- Der 1st have increased 574,SO0. The to- tai takings of American mills, North, South and Canada. thus far for the season have been 1,957,S2S, against 1.- 424,30 last year. These include 1,177,- 25e.
 Stocks at the seaboard and the 2s leading Southern interior centers have decreased during the week 1, ,i03 bales, against an increase during the corres- bonding period last season of l61, ,430 and are now 491, ,ss4 than than at this date in 1907
 Including stocks left over at ports and interior towns from the last crop and the number of bales brought in- to sight thus far from the new crop, the supply to date is 7,S92,332. against 6,7OS.42o for the same period last
The Montgomery advertiser., 1908-12-12
LONnoN srOCKa.

London. Dec. 1i,-American securities were quiet and steady during the early trading today. 4 faw atoeks showed slight losses but the market was generally un- changed from yesterdays New York clos ing.
 ConsolS Tor money s..s .."s s... B3 1i-16
 do. for account .,.. .... .... g3 f3.i6 4lhhois central .... ssse ....lH1 Louisville & Nashville .... ..ISsK Goutncrn ktb".ss 's.s 29K
 do. pfd. .... .... .... - eIr Bar silver steady aa 7-isd per ounce Money 202N per cent.
 Discount in open market for short hiils 3S per cent; three monthS bills 2 5-is per cent.
 Bar gold 77s 1O%d. American eagles 7ss 5%d.
The Montgomery advertiser., 1908-12-12
COTTON GOING DOWN FRIDAYS MARKET RECORDS ANOTHER
 LITTLE SLUMP. Government Estimate of Total Crop Not Being Regarded as Much as That
 of National Glnner's As
 sociatien.

Possibly on account of the weather there were few wagons indeed to be seen on the Square Friday morning or afternoon loaded with cotton for sale. But there was have been disposed of. Farmers needing money for their Christmas shopping have been bringing small quantities to the cenl ters from time to time. and have been dis posing of H. but there has not been a single sale of any large lot In many weeks. Elt
 The market. took another tumble yester- day spots bringing about 7-fsc and strict 1niddiins e-i6c. The wire brought news of slump in futures of anywhere from to 10 points, and buyers stood around wait- ing for something other than decline /, Everybody was dissattSfied with conditions but then everybody was Iistless in keeping with the market.
 Nevertheless the rumor persists that there will be . higher price after the Christmas holidays. WEEKLY LOCAL COTTON STATEMENT. stock on hand Sept. i a.soa Received past week 7.5s2 Received previously -s.... .115.sos-- 123.Soo shipped past week .....s B.o4o rs shipped previously ....... 75.770-- so,sIo Stock on Thursdsy night,
 Stock on hand corresponding day V Received corresponding week last
 Total receipts to corresponding week ~ Price Bee. Ia lsoI .... .' .... ..'' ........iiS fFaoe Dee H. 1908 .. .',s.~ sec. asss eSe
The Montgomery advertiser., 1908-12-12

Stock: Sales lffiehI .lcios.
 Bid.
The Montgomery advertiser., 1908-12-12
COTTON STATISTICS.

CUTTON BTATISTTCB. New York, Dec. 1.-The following sta tstics on the movement of cotton for the week ending Friday. Dec, II. were compiled by the New York Cotton Exchange.
 Weekly Movement.
The Montgomery advertiser., 1908-12-12
Daily Cotton Market. r~w-s PoaT MoyE.xxNx

oalveston-ot.. i3-1ec ....1 New Orleans--Qt., s%c .. .. Mobiie-Sty, 8 s-i6c .. ... 6avannah-2t., s 7-1sc .. ..
 Charleston--Sty.. s%c n ... Wilmington-Sty., sAc .. .... Norfoik--Qt. g 13-16c .. .. .. Baltimore--Nom., 9c .. ..... New York-ot.. 9.io .. .. .. Boston-Qt., 9 10 .. e.. ...
 Philadelphia-Qt.. s.35 .. ... BrunsWlck .. .. ... ...... Newport News q. .. .... .... Jacksonville = s..s .....,
The Montgomery advertiser., 1908-12-12

Total today at all ports net s9, 1s2; sht continent 25.7e7: stock 1.092.133.
 Consolidate at all ports net t2s,7s6; shiI continent 120,343; Japan 5.166; Mexico 700
 Total since Sept 1, at all ports net 5.3la France 517.5 continent l.s54.2s2; Japai
The Montgomery advertiser., 1908-12-12

Houston-Easy zee s.... T AusubLa-tlt.. .s.s -.... s-ss ss4s.s.s |. Memphts-Quiet s.s. zee ssss sss.a St Louts-Quiet .... .... ..... Clncinnau--t.. ss.s..r.7 IouisvIile--Firm .... s...s s... .... ....
 Little Rock--Steady ......1
The Montgomery advertiser., 1908-12-12

CL0sING sTOcK LIsT,
The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1908-12-14
ABSOLUTE
PHOTOGRAPHER

Fave your Christmas photos
taken now ia advance Of the
rush. Studio open Sunday az
ternoon-
The Republican. [volume] (Oakland, Md.) 1877-current, 1908-12-24
UNCLE SAM. INTERNATIONAL SAN,
IA CLAUS,

Uncle Sam used to boast that he was
rich enough to give US all a farm. He
isn't as long of lands as he used to be,
but he Is rich enough nowadays to give
all the world Christmas present, and
he does it with eachreturning Yuletide.
One steamship sailed from New York
the other day with presents in money
and goods estimated to be worth at least
81, 900, coo. For weeks past every out
bound steamship has been carrying its
burden of substantial remembrance to
relatives in Europe.
The Christmas season marks the
height of the flood of gifts from Amer
lea to the Old World; but the flow con-
tinues every day in the year. The pros
porous brothers and sisters, cousins and
aunts who have gathered in their share
Of American bounty, are constantly
contributing their mites to help the less
fortunate ones in the old home. 1t has
been estimated that from 500, 600, 600
to $50, 900, 600 year goes back to the
o der continents in the form of pre- sents
and allowances in this wise. This is
entirely independent of the vast sum
which American travellers spend abroad;
and this again is quite apart from the
millions which go out to pay interest on
foreign investments in America.
1t is no wonder that the tremendous
apparent balance of trade in favor of
the United States dwindles when it
comes to the remittance of actual gold
from the money centers of Europe to
pay the final account.