AMERICAN ITEMS

Hokitika Guardian, 3 January 1923, Page 2

AMERICAN ITEMS

AUSTRALIAN AND N.Z. CABLE ASSOCIATION. A WORLD VIEW. WASHINGTON. Dee 31. Mr Hoover reviewing the world conditions. in a statement, said taking a large view, the world had made distinct economic progress in 1922 and conditions were most favourable to continued progress during 1923. There were only three or four states in Europe which give continued anxiety. The world generally had gained in social stability in 1922. Bolshevism had greatly diminished, even in Russia where it had Keen replaced by a mixturn of socialism a.nd individualism, famine and distress there had diminished. Unemployment in the world had decreased. Trade was rapidly reuriiing to normal. American lure was still suffering. England and JL neutral nations were making progress. The continued maintenance of armies in the old Allied States retarded the balancing of Budgets. A REVIEW. NEW YORK. Dee 31. The New York “Times” Washington correspondent savs tho Administrations new venture in the world affairs through the efforts on behalf of Europe to settle the troublesome reparations question lias brought to light important changes in the sentiment of Congress and certain parts of tho routry regarding American International relations. Domestic polities have heiii affected to a' considerable degree. for if Mr Borah’s resolution did nothing else it served to reveal therd was a strong sentiment in United States in favour of a more active part hy America in helping to straighten the tangles due to the war. This reaction is mast prevalent in parts of the country where, judged hy tile attitude whenthe League of Nations was tho foremost. issue, it was to he the least expected. GretiC agriculture sections in the middle west, west and sdllth-west, rallied in support of Mr Borah’s idea. These sections have learned the hard lesson that the nations of the world are interdependent and that the woes of one portion are certain to influence the other portions. It took the farmers a long time to understand the unrest in Europe was through the failure to adjust the reparations questions. GOLD EXPORTS. WASHINGTON. Jan 2. The U.S.A, Treasury has announced that, during tli-.i first eleven months of 1022 tho gold imports into the United States aggregated 249 million dollars, or 441 million less than for the same period Of 1921, and tho .smallest ill five yours. The gold exports increased from twenty-two millions in a similar period of 1921. and the smallest in five years. The gold exports increased from twenty-two millions in a similar period of 1921 to thirty-four millions.Officials declare the trend is uiimistakeahle, and warants an assumption that the United States, before many months, will Vic exporting more gold than it receives.