New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-03-24
REVIEW AND DIGEST
Declining Prices inShort Weeks
Trading-AmeriCan Holdings
in INTERPRETATIONS at
Home and Abroad.


trading, owing TO closing Of the Stock
Exchange on Good Friday and on sat
urday. displayed Il series Of declines
in prices and the establishing of new
low records for he year in some issues
and for a greater period in others. The
predominating influence which held
optimism in cheek was the continued
strain in the money market abroad, anu
further expectations of gold from this
side The foreign situation gave little
encouragement of an immediate I'M
provement and apprehension regarding
the possibility of n European war was
not entirely removed, although among
the leading interests of the Industrial
and financial world throughout Europe
there is a firm belief that the danger
line of a European conflict has been
crossed 1t will require considerable
time. even after the Balkan situation
has been settled. before the boarding
masses of Continental Europe have re-
gained confidence enough to allow them
to disburse the hundreds of millions
Of dollars which they have put away
into hiding places through fear OF
general European conflict.
Overshadowed by affairs more d.
rectly affecting the current financial
markets of the world, conditions IN
Mexico have been less conspicuous In
~ oil OH N
Improvement the Mexican Republic
appears to he passing through an un-
certain state in the attempt OF the
Huerta regime to establish peace con-
ditions in the several states. How i'm
pOrtant Mexico really is to the United
States is recognized by only few
who have made a study of actual con-
ditions of the wealth of the Mexican
Republic, and how II is divided. The
reported estimate Of Mexican wealth
is placed at about $4,000, 100000; nearly
one-half of which is owned by Ameri-
cans. about $500, 900. 900 by the Mexi-
cans, a little over $500, 100000 by the
English, about s140.000,000 by the
French, and the remainder is dis
tributed among other nations. Just
how the Republic of Mexico stands in
the comparative wealth of nations, may
be understood by CHANGING at the esti-
mated wealth of other nations Of the
world. In this list the United States
ranks first with an estimate of $780,
600, 600, 900; Great Britain and Ireland,
$50 1000, 100000; France. $4,000, 100000;
Germany, s6O,5OO. O0O, 900; Russia, s4o,-
100000, 900; Austria Hungary, $685.
000, 200, 900: Italy, S20,000,000, 900; Bel
GUM, $4,000, 100000; Spain, s5,400,0OO,-
600; Netherlands. $4,000, 100000; Por-
tugal, S2,500,000.000 and Switzerland,
$1,000, 100000. This list IS sufficiently
large TO give a comprehensive view
of national wealth throughout the
world and to emphasize the strong
financial position of the United States
and its vast underlying trade and In
dustrial power.
Prior to the period Of the revolution
lIOuDlc III 4hcAINO, NiiiSh pNSoh Ia
Porfirio Diaz's rule. American money
was being invested in Mexico to the
extent Of hundreds of millions Of dol
lars each year. This money was in
ties, the combined value Of our in
vestment being estimated at nearly
$70O,O0,OOO. as compared with about
S135, 100000 Of Mexican holdings and
less than $17O,OOO,OO0 held by English
subjects. The next largest invest
ments of Americans are In the mines
Of Mexico, amounting to practically
500 100000 as compared with less
than SS.OO0,OOO of Mexican money.
Americans also own major share OF
smelling investments, the larger half
of petroleum interests, besides vast
land holdings, manufacturing and In
dustrial possessions and about $780,
100000, or a little over one-sixth, OF
the banking wealth Of Mexico. Con-
sider!ng the tremendous aggregate OF
money power which Americans have In
Mexico IL is not strange that there
should have been such pressure
brought to bear on this government for
Intervention during the days Of the
destruction Of American life and prop
erty and the dissipation OF private
holdings of American citizens who were
living in that country.
The trade and industrial position in
the United States. as whole during
last week continued TO be favorable, as
evidenced by the information dis
tributed through the technical jour-
nails. Industrial press and commercial
agencies. "The Iron Age" I'm speaking
Of the steel trade. said that railroad
buying was taking a fresh start, and
buying was better in bars during the
last week than I'm the first ten days
Of March, and that much OF the new
business coming out was for the third
quarter of 1913. "rhe Iron Trade Re-
view" remarked that the leading steel
makers report considerable activity
for the fourth quarter, in which manu-