New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-09-29
REVIEW AND DIGEST
Passing of Some Cheerful Signs
in Balkan Affairs.
MEXICAN OUTLOOK BETTER
Money Position Strong at Home
and Abroad-Stock Market
Puzzling but Firm.

Signs OF fresh complications have
arisen during the last week TO cast a
shadow over some Of the bright spots
that were beginning to make their ap-
pearance in matters relating to money
and investments. The most important
development of the week was the IN
creasing disposition on the part of the
Balkan allies to re-engage in hostilities
and destroy the hope Of continued
peace in Continental Europe. So long
as these signs of coming warfare ana
evidences Of actual warfare continue
TO harass the Continental situation q
fever Of unrest will prevail which VIII
disturb more or less the investment
and money markets Of the world the
costly experience through which Tur-
key and the allies passed In their pre-
vious fighting. which was supposed 10
be ended by the peace agreement en-
tered into. would seem to be sufficient
10 prevent anything like repetition OF
war. even in a modified degree. Tie
full extent of the last Balkan war in its
heavy costs TO the individual and col
lective countries can only be estimated
in the hundreds Of mi ions, 10 say
nothing Of the vast sum that will be
required TO restore those countries TO
their former state of agriculture and
manufacture, in addition 10 which
much has been lost which can never
be recovered.
1t seems like the irony OF fate to
have anything like a recurrence Of a
disturbance which may emphasize the
fear that held all Continental Europe
in its grasp for many months. as even
with affairs settled 1t would have re-
quired several months following the re-
sumption Of peace 10 have restored
confidence in the minds Of the Cont
mental masses who have been boarding
money in view Of possible general
European war. Since the period when
the last Of the Balkan hostilities APP
peared 10 be in sight money conditions
throughout Europe have been growing
easier, and symptoms Of a recovery in
the investment market have been eN-
hibited. The great financial institu-
tions abroad gradually have strength
ened their positions and more encour-
agement has been given to the outlook
rolled along. II cannot be said that
the element Of apprehension has been
entirely lacking, but part of the reason
for the very conservative attitude re-
Gently preserved by the foreign bank
ing interests was due TO a desire on
their part TO prevent overextens!on.
The recent change Of conditions in the
Near East If not soon brought 20 an
end will cause a renewed tendency cow
ard financial restriction and dispel the
optimism that has been growing among
the important interests.
Affairs in Mexico continue to present
a prOblematic appearance In so far as
the real attitude Of President Huerta
can be OWNED. The approaching cleo
ton in the republic on the surface
seems TO offer a solution Of at least
| part Of the ills with which the country
| is now suffering, and should the hope
| ful expectations Of the loyal peace low
| ing leaders be realized the selection e
a strong President independent OF the
Huerta regime will be the signal for a
new era Of prosperity throughout Mex
leo. which will be reflected in a devel-
opment Of agriculture and industry and
cause a revival Of popularity in Next
can investments both in the United
States and Europe.
During the fiscal year Just ended &C.
cording to figures compiled by the De-
partment of Commerce Of he United
! States, the business between this couu-
| try and Mexico showed larger total
/ than in any previous year. The United
| States imports Of merchandise from
Mexico totalled ST., 100000, az com
/ pared with SG6,O0O,OOO in 1912 and So
/ 100000 in 1911. Our exports to Mexico
aggregated S14 ,Jw,OO6, compared with
| J2,1O0,OOO in 1912 and SCI, 90, 900 in
/ 1911. This falling off in our exports
as compared with 1911 was of course
! due 10 the unsettled conditions prevail
/ ing in Mexico. a return Of business
+ activity in that republic, following a
settlement Of political differences, will
mean good deal to the United States,
as "a per cent Of Mexican imports come
from this country and 10 per cent of
her exports, as shown by the figures Of
1917. are sent here.
Trade conditions in the United States
during the last week have displayed
little change from the previous week.
In some lines reports have indicated
considerable activity. while in others
evidences Of restriction due to uncer-
tainty regarding the future have been
manifested. The progress Of business.
on the whole, has been fairly salts
! factory, but naturally until the tariff
measure shall have become a law and
manufacturers and dealers shall have
/ come directly under its influence and
| know positively the prospect for the
next few years, at least, reservation
|