The New York herald. [volume] (New York, N.Y.) 1920-1924, 1922-09-12
EUROPE PAYS DEBTS
TO US. BY EXPORTS
Heavy Flow of Goods Here,
but Buying From America
Is Showing Decline.
Special Dispatch to THE New YorK HERALD
New York Herald Bureau.
Washington, ID. O., Sept. IL. (

Special Dispatch TO THE New YosK HERALD.
New York Herald Bureau.
Washington. ID. c., Sept. IL.
Europe is making some progress in
liquidating the vast commercial debts
piled up during and since the war in
the United States by larger exports to
American buyers, the Commerce Depart
ment said to-day. Private commercial
Indebtedness of European countries In
the United States has been estimated
at upward OF $4,000, 100000.
While there is heavy flow Of Eu-
ropean exports to American buyers Eu-
rope Is buying less In the United States.
Foreign trade experts declared that
Europe's recuperation in productive lines
Is reflected in the fact that in the last
seven months America has bought from
European firms merchandise amounting
to 1915 100000 an increase of nearly
500, 900, 900 over imports from those
sources In the corresponding period last
year In July imports from Europe
amounted to s75.0oo.000. an increase OF
about s20.000.0O0 over the same month
last year.
Great Britain has contributed most OF
the increase in shipments to America.
In the seven months British goods
shipped here were valued at S183. 900. 900,
an increase of s45.O00s000 In July Inn
ports from Great Britain showed
steady rise. amounting to s27.0o0,0oo, an
Increase of about 100 per cent. over July
a year ago
Heavier imports from Belgium. Meth
erlands. Sweden, Spain and Germany
also were registered. The increase In
values OF goods imported were pro-
nounced In July. Predictions are made
by officials that the movement will keep
up In fairly good volume because OF
Europe's large exportable surplus In
those commodities for which there Is
ready American demand.
Officials of the Federal Reserve Board
declared that the steadier merchandise
movement from abroad will remove some
apprehension felt in commercial quarters
for some time over the top heavy favor
able trade balance OF the United States
against Europe.
WASHINGTON, Sept. 11.-Exports to
Europe aggregated $4,000. 900 during
July, as compared with $1S3.000.000 In
the same month last year. For the
seven months ended with July exports
TO Europe aggregated S1.155.0 90. 900.
against $1.476.000.00o during the corre-
spending months last year.
Exports and imports by principal coun-
tries during July as compared with July,
1921. follow:
BELGIUM-Exports 30, 600 900, against s1o.-
eco 600; imports 100000 against
FR,aNCE-Exports s2l, 900. ooo against s14.-
100000: Imports 100000. against
GERMANY--Exports s2o.ooo.ooo. against
s36. 900, 600; imports si0.ooo.o0o. against
ITALY-Exports sIs.ooo.o 900. against $l4,-
600. 900; imports 100000 against
s.. 900 900.
RUSSIA. in. EuRoPE-Exports 81. eoo.o
SPAIN-Exports 100000. against $4,000
900; imports So 900 600. against 81 .000.o 900.
GREAT BRITAIN Exports SCI COO. 900.
against 81 .ooo. 600; imports s2s.ooo.ooc,
CANADA-Exp ports $50. 900 900. against s52,-
100000: imports ss4.ooo.ooo. against
CLNTRAL AMERIcA-Exports So .o0o. 600.
against s5.ooo.ooo imports $4,000. 900.
MTXiCo- Exports 50. 100000 against sis.-
ooo, 900: imports $4,000. 200. against
cUBANExports $40. 900. 900. against 10000
DOMINICAN REPUBLIC-Exports $3.50 900.
against ssso,ooo; imports $4,000. against
r 5SS 55S Imports SS against against
100000.
BRAzIL--Exports $4,000. 900. against 49,
ooo, 900; imports 100000. against
g., 900 900.
cfuLE-Exports $4,000, 900. against 81 ,ooo.-
600: imports 81, 900 900 against 80. o00, 900.
acknowledgement 81. 600 900, against ST.
900, OOo imports $3.ooo,coo. against
s., 900. 900.
PERU-Exports 81 .0oo. 900. against ts4e, 900;
imports $4,000. 900, against 81 900 900.
NEUTRALITY-SUSPICIOUS. 81 .o0o, 900. against 81
900. 600 imports 1925, 900. against $753, 600.
NEUTRALITY-SUSPICIOUS. 1851, 900. against
$4,000; imports 100000. against
S6f3, 900.
CHINA-Exports 1900. 600 against 49,
600. 0oo imports SIC 900. against sio.-
900, 900.
JAPAN-Exports sls, ooo, 900. against S15.-
900, 600; imports 5000. 900. against $685.
900. 900.
n.sn. I-a-..-.. fsaa 600 nas lnn II 900