The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-11-26
TRADE BALANCE GROWS.
5..a2t.Iio on 4. =. Side Of Ledger
on October 10.

v-AsirNovo~. nov, 25.---A statemeu; Is
sued by the Bureau Of Foreign Commerce
to-day shows that for October the United
states had tho comparatively large bal
.uce Of trade IN It's favor OF fo'.S-tl1o.
rho significance OF this viii he apparent
when IL IS stated that fl october. 1918.
the export balanc. amounted n only sSN,-
GlclG2
Officials az the Department s'ate that
tho large export mo' omcr; WHICH set j"
in October and continued In November
will eventually reach large totals and that
our export business within the coming
months will probably reach unprecedented
totals
According 20 tho statemen, issued to-
day, in October. 1ol.. We exported fsJ.-
iO4.63 worth OF goods and imported
sl3S.0So.5@o. showing balance in our
favor NJ sb7,2"llln In October, 1913.
We exported sci .SGi.i6' worth ~ goods
and imported e.33.9i9,302. nalsHce OF
s2S.ai2.lsc II will thus he soon that
while exports FOR October last We're not
az large as for October, 1917 IN. balance
was much greater IN favor ~ tho United
states this year In proportion.
\ significant feature pf the statement
was a table SNOW .rG imports for October
this year. compared Min OCTOBER,
1919, and frr Tho ten months ended Ni'h
October Of tbs year. a. compared Win
the correspor uluS period az a year ago.
This table shows substantial Increases
n imports and seems 10 indcat" that
tine Wilson Administration in urging the
/ passage OF an emergency war revenue
! bill ~ the ground that reduced imports
would materially cut t-to the revenues
was In error.
For example the tshIc shows that for
cign goods were reserved ~ American
ports in tho ten month period ended With
I October tAjs year 10 tho value OF ST.
/ 54S,53l 3at as compared with tl,+"0,3St-
373 for the corresponding period o. 1918.
The excess az imports for the ten months
of 1914 as compared with the correspond
ing period OF 1913 was more than
SSS,000.000.
In tho ten month period OF 1918 IT..
ports from Europe were valued at sio3,-
0Oo. 900. as compared with $4,000, 600
for the corresponding period OF TINS year.
The gains in import trade that appear
In this table, prepared by secretary o.
Commerce Redfcld. were contributed by
North and South America. Asia and
OCeania.
There WIS substantial gain IN the
South American trade In the ten MONTH
ended with October. 1919. imports iron
South America were valued NJ slhfooO''
900, a. compaI ed with nearly $4,000. ooc
n the ten month period or TINS year
COMPARING the two periods Imports froT
! Npf'n Alnerl'h lni fctSeu li''il So~"'"N"i
600 TO 3S4, 100000. AMI from oceanic
from SOS 900. 900 to t+3.o00,o0,
\ good deal of comment has been made
on these import figures that ar" Officially
authenticated by the Wilson Admlnistrd
ton, Republican leaders declare tina
these figures support their contention ina
as revenue producer the Underwood
simmons tariff law is failure They
point out that President Wilson ana IN
spokesman OF the Administration de
manded the passage OF tho war revenue
act on the plea that tho war In Europ
would practically cut of trade with TIT
rest OF the world
The figures prepared by Secretary Rch
ield not only show an increase IN re
Ceipts of merchandise for the ten mont
period of the year but an Increase like
wise for the past month In.ess IN
figures Tor November show a change II
tho international business Tho ADMINS
traton will be called on TO explain a
the coming session why Il was forced b,
necessity into passing an emergency rev"
nue. bill in the face OF rising tide II
: the import trade,