The Alaska daily empire., 1915-06-23

The god imports thus far during the present year are approximately SioooooOoo This win be added to the already abundant gold supply which has been in' creased by production of approximately S4oOoVoVO new eold In addition Co ths gain. Che United States has loaned approximately S500o00Ooo Go foreign peo- pie including National loans the purchase of foreign municipal and other securities and temporary credits all of which alerady has begun 10 interest. diy dends ard commissions And. yet further the Anefi' can people have paid hundreds of millions of debts and purchased other hundreds of millions of American lands stocks bonds and other securities the income from which will hereafter remain at home producing additional funds to lend abroad and repurchase more American securities and thus further increase Ameri cls income
 These figures indicate how greatly the financial position os the United States has been strengthened lnrine the last few months And all the authorities agree chat the gains Of the future must be greater ,han have been ,hose of Che past The Wall Street Journal commenting upon the business outlook week ago yesterday. said:
 The cost of the war bids fair to mount up
 Go S00n00Oo0 day. and American bankers
 will shortly be called on for far greater cred-
 its than they have furnished since the stu
 pendous struggle began Yet banking inter-
 csts and Che leaders oi finance and industry
 continue to regard the outlook reassuring and as u.arrautine Che belief that healthy
 covcry is proceedings Which means that mark ctwise they are bulllsh-that June is likely 10 make good Che prediction of constructive nap, penines on the stock Exchange and in general
 business during the month
 This couu,r, stands alone. the ono world
 power at peace. Isolation spells prosperity. As a consequence god is flowing into the uni1-
 ed States at the rate of moro than S600oooV week and foreisn trade balances are exceed ing Si00000000 month and for the year may reach the unprecedented total or coupe ol hjlicn
 It is aot sarprising then that such mQues-
 toned authorities Jacob SchfL J. P Mor- gan Paul ll. Warburs and James Htii take
 the position that only oycrpowering calamity can defeat ths country from enjoying period of genuine industrial rpiit. 4 rupture with Germany Is no longer threatened Interference in Mexico is not icl, Co be potential factor fiuanciaNy On the other hand. economic con-
 alterations continue strongly in favor of the optimst First. t looks more and more as x agricuiturasts. who constitute onethird Of the corrtry's population. are in for another year oL
 large and profitable production. Second both security prices and che rates Of interest are low 10 is stnl significant fact that stocks earn ao.e ttau money Arc thr5. che bank situa- tlon has never been so sound. There IS iniia- tion in credit bnt not Of currency. The new hanknc law Is providing the monetary nasis for expansion simultaneously iu the speculat-
 i've markets and Ia general business without discomfort. ,o say nothing of danger And nn' der the foregoing stimulus industry IS vlsloy oisickeniue Steel for instance. is resumine tisc place as a barometer from which for long time i. was busted by copper. lt is pointing
 the way Go genera, revival. unless ail signs
 fail ! the nations domestic trade. The outlook is one tha. shonld create feeling of optimism and it is that tells how great was the service cha, was done the American people more than year ago when President Wilson his advisers and the nicrty r Congress forced through the currency reform and bank reorganization plan. These furnished tho foundation upon which it became possible 10 build here in North America Che greatest industrial banking and commercial Nation that the world has ever seen