The Bridgeport times and evening farmer., 1919-04-12
Continued from Yesterday

Continued from Yesterday
 We have also referred that to the extent that gold is here settlement balances will tend to raise prices market to sell in and unfavorable market to sell from This is another in which the natural laws of trade their influence uation and rest re the normal equilibrium. , What Does Foreign Trade" Mean?
 our merchants and producers are eager for foreign sell goods abroad. Il the early of our clipper ships took out of products and literally and directly traded them the of other countries bringing home the goods thus obtained With the development of banking facilities, arbtrage Tansacons clearing methods and the use of bills of exchange apt to lose sight of the trade" ele his pay in the form of bill of exchange draft which is cash for him. and he overlook the that exchange of products the basis Of the transaction
 We are eager to sell goods abroad but this is upon the assumption that will get something for theIn As made for cash and cannot be- Cash in international trade means gold.
 Gold Strictly Guarded.
 This country's exports t year 1918 sggregsted about $a5oooS ooo and the total gold hold por from canada were aboU s4oo 100000, that and above these there bal $45o 900. All the gold there in Canada would have paid one-half of it. Moreover, Canada could an embargo on exports of gold and to hold down the trade balance also put embargo upon inporations classed luxuries.
 This, however, is no more than the United States " in nenseIy by the gold movements, but after exchanges exchanges some countries notably Spain, Japan and South America against gold would have been taken in considerable amounts had the Government not placed embargo upon ports. would gold reserves drawn at the will of others by the of Private inconventenced. but obliged submit itself. Government has also exercised strict control over exports and i'm ports of merchandise.
 In t'e the governments of Great Britain France have exercised control the movements of gold and merchandise and likely there is danger that adverse trade bal may a their gold What the inconvenience be to trade, traders at home and abroad will have to put with them, be- it is considered of importance that trade control and directio and that the gold reserves shall the support of industry vital uses than that every body shall have complain policy have followed it selves, and country follow it when necessary
 Export Import Trade Must Grow Together
 statements reach that it is impossible for this country indefinitely increasing it's exports without ncreas it's imports
 Gold settlements are question, only remaining alternative is take securities.
 a temporary expedent this is to be commended and it strongly.
 be too often repeated too urgently stat hope foreign trade this and in the immediate is dependent taking pay in foreign securities promises.
 Our customers have nothing else to give. They spare gold, they cannot send goods they import materials, and they dependent for quantities Of fOOd-stufs.
 But how will people be ready to take for eign securities?
 They have not been accustomed invest nents out of the country; percentage eopIe accustomed to home neghborhoods is small Land and improve rnentg upon it. together with local corporations have supplied most of investments heretofore Moreover securities of all kinds are very cheap at this