ARE WE EXTRAVAGANT?

Pacific Press Publishing Company · Mountain View, Cal. · Dec 6, 1905

FromSigns of the Times, Vol. 31, No. 49.

ARE WE EXTRAVAGANT?

OUR foreign trade for September, says the New York World, shows exports larger by nearly two million than ever before, and imports larger by eighteen million than ever before. The comparison in each case is with last year, until now the record. Three times this year imports have exceeded one hundred million a month. Only five times before had they exceeded ninety million.

With expanding prosperity, bumper crops, and busy factories, our exports for nine months have been $56,000,000 more than in the same months of 1901. Imports are $226,000,000 greater. The balance of trade for the period was smaller than in any recent year. Once before, in the twelve months ending Sept. 30, 1903, we passed the billion mark in imports. This year we passed it by $157,000,000. The most striking increase in value of imports is in sugar. But furs, diamonds, large red automobiles, and distilled liquors show considerable activity at the custom-houses.