The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1922-05-20

from mat OF the DEVELOPMENT 81
foreign markets. The ba,is for
confidence In the immedietc fu-
lure IL five-foid: First. theio Is
-plenty Of money to be- had az rea-
fonahle rates both for shu time
'nnd long time reauiremrntr. Sec
end. stocks Of finished goods aud
OF raw materials have boon re-
duced IN reasonable nrvuuftluna.
Third. commodity pric.aa nfe
stahilixing. Fourth. condttiorr In
basic industrie,. including nrricui-
turc are improving and production
il expanding. FIFTH. gains are not
confined to the United N'atcs. Con
ditions ARE improving tni o0shout
tho world. Some countries com
stitntc exceptions TO tins stntc-
mont. hut their brnring on the In
terhationnl situation II not great
enough TO alter the fact that the
world outlook n better. with the
United states and Canada ~ the
forefront OF Improvement. II n
estimated that domestic and cN-
| mort sales OF copper thus far IN
1922 have ,otaled about 500. 900 }
GOD pntnds. This IN az the annual
lfnte Of about 1890 900. 900 pounds.
"copper" Enles lat year were around
li.iO0. OO0. 900 pounds. Sales thus
far In May have Appropriated So
000. 900 pounds. n buying CON
tinuea at this rate II will mcan TO-
tai snles uf around 100. 900. 700
lpounds for the month, and about
6SO. 900. 600 for the first five
months 81 this year.
sales in April approximate
100, O0o. 900 pounds. March 1867
600 0n0. February 10000. 600 and
January o.. OO0. 600.
Foreign Trade
A slump In the April record Of
oar foreign trade was rhown by
the monthly statement issued by
the department Of commerce. EN-
ports FOR the month totaled S3ei.-
zoe, 600 compared with sS20, 900.
GOO In March and 100000, 600 In
April n year ago. Imports for
April aggregated sci, .vyc 100
nRainst ssbG.OOO 600 in March ana
tzbk.OOo. 600 in April. 1891. AZ
though exports in April were br-
low March they were higher the Ii
for any month since October. 1921.
Lower imports. however, hroughi
an increase In excess exports. the
total being the highest sat since
last October For the ton month.
ended with April the exports az.
gresnted f3.ia1,0O0 900 hn,ins.
IS. $50. 600. goo during the CORES
ponding months of 1891. wiii.e I'M.
ports for the period were tc.ns5. d
10000 aHninst sa.2sf 00p. 900 dur.
Ing the ten months ended Aprii
1921. Thus the eNcesn OF expert.
for the ten months war - c9s.,
4 am nan a.Na.l alaA "
600. 600 In the same period las
year
The steadily advancing prirrs o
fllver. bringing prices of foreign
silver In this market to more thar
~ cents per ounce. marks the ~
imminent OF q new high price f0l
the white metal The Far Eastern
markets, especially India and chi
ma, have been actively bidding fol
all the silver available. a grca
J deal OF which N uscl In the ara
and in the MANUFACTURE Of jcwelr,
and personal adornments OF ever.
character.
Monty Rates and Preparations
Money rates have been practi
cally stationary At lower level
Z this week with continued ense Il
: Tho long term maturities. Banker
I look for "a uniform 4 per cent rat
! on a0-day paper In the near IA
ture. 10 extend at least through
the midsummer perlod.
The most important feature o
: the international money situatiol
is the prospects Of working out
satisfactory adjustment OF GsrmnI
= PREPARATION payments. a uroicc
E which II now engaging the inter
eats ana activities OF leading n
{ naneiefs on both sides Of n,
D ocean. ~