New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-07-04
BRIEF NOTES OF FINANCE
Paragraphs of Current Interest
for the Investor.

49,, calculations based on the theory
,hs strain in the foreign money mar
q growing less severe must now be
- in view Of this weeks Bank of
V,e,d return made public yesterday.
f,e. much the statement was affected by
balkan conditions. which have
.ed from a favorable TO an unfavor-
ortlook. may not be determined, but
a' !. certain that any definite announce
n peace in the Near East would
magic effect on the worlds
,.e,s The dropping of 81 points dur
,,e week in the proportion of reserve
"' ,,,bnitics is certainly not encouraging.
". leaves a showing OF 42.i3 per cent,
,oared with the ten-year average Of
nor cent The decline in reserve is
~ ,sreest in recent years. and there may
advance in the Bank Of England
- Notwithstanding that the present
20 If a. per cent is the highest since
1901
n Gold Output Decreases.
r.ororosts who have accounted for the
,,crcasing high cost Of living by the in
.,.ase of gold supply may have 10 re-
.Ai,st their charts il the strike in the
p.,d gold mines continues. With a de-
..ss in the weekly shipments Of gold
49,, south Africa and the people of Con-
,,.srtal Europe retiring from active cir
,,,,a,ion all the gold they can get their
,..,s IN the question OF overproducuon
an not long he troubling the economists
,,uch as how to increase the supply
% meet the requirements OF business ana
:. usen the Immortal wolf from the
49, II remains 20 be seen whether
s..rease in gold output will mean a re-
s,.e,ion in the cost of living Theoreu-
liz u-ers il carried far enough so that
-. source OF our exchange medium would
W. much restricted. buying power might
:. s,onped. failures might occur, hard
..uos might set in and rigid economy
..,sbt affect the prices of many or our
,,oducts. The majority OF the world
soweyer. would rather have something 10
A. have money in circulation and be
a,,s 20 buv a few Injuries, even though
,bs nrices are a little higher, than TO
h,y. no money and be facing poverty.
Growth Of Trade with Japan.
More than unusual interest is exhibited
4, tbe development OF Japan OWING 10
tho publicity which Japan has had IN
IN. United states as a result OF the Cali
,ornia controversy. Japan's growth IN
hosipess relations with the United States
sos beeo remarkable, and in 1872 exports
nom this country to Japan increased W.
IA sa compared with 1911, and in this
amount is not included Japan's importa-
lions from Hawaii and tho Philippines
which surpassed all previous RECORDS, eX-
an, during the temporary Russo-Japa-
,sse War. BY including the advances III
the sale of Philippine products IN japan
tho total would be brought up TO nearly
so;6a6a When II is considered having
.ho shove figures in mind, that the sale
~ American products in Japan Increased
noUsrd Of 100000 I'm 1911. as compared
with 1910 and that the total imports from
the United states for 1912 we're $65'2oj'sA'
for japan proper, the highest point ever
reached il will be seen that this TRACE
has FAR more than doubled in two years
II Is worthy of note. moreover that while
tho total increase of imports into japan
Taivan and Choshi from the entire world
sas S5.n1.sr7 in 1872. the United states
,,one contributed over 30 per cent. TINS
o,,ufying increase should serve TO sunni
i,te further efforts 10 bring the total sales
!, The United states in Japan lana
throughout the Far East generally 10
-, ~ Greater equality with European