Evening star., 1924-06-13
VALUE OF EXPORTS
DOUBLES IN tOYEARS
Fiscal Year Figures Reveal Mark
ed Increase in Goods Shipped
r.r
Abroad.
IMPORTS ARE FALLING OFF
Foreign Business for Ten Months
Worth $1,7S3, 900, 900 to U. S.

Special Dispatch to The Star.
NEW YORK, June Increased ex-
ports and decreased imports are the
chief characteristics Of the foreign
commerce of the United States in the
fiscal year 1924, which ends with the
current month, June. Exports show
increases in manufactures and manu-
featuring material, but a sharp fall
off in foodstuffs, especially grains.
Imports show a reduction in manu-
featuring material, but a slight in
crease in foodstuffs and manufac-
lures.
The excess of exports over imports
will approximate 800, ,0o0, 600, against
but SIG. 100000 in the fiscal year
1928. All these estimates, says the
Trade Record of the National City
Bank of New York, are based upon
the latest official figures. those for
the ten months ending with April
which show a fall off of , Y per cent
in imports and in increase of I4h in
exports when compared with the cor
responding months of the immedi-
ately preceding year.
Ahead of Pre-WaF Records.
These figures for the fiscal year
1924. says the Trade Record, are es-
pecially interesting in the opportunity
which they give to compare our pres
ent trade with that of a decade ago,
the year Immediately preceding the
war. The fiscal year 1914 ended but
few weeks before the opening of
the world war. The imports of that
year were $1,S94. 900. 900. while those
Of 1924 seem likely to approximate
$500. 100000.
The exports of 1914 were 1885,
100000 and those. of 1924 seem likely
to approximate s4,360. .000. 900. The
ssfs Of e06 over imports in
apparently exceed s700, ,O00, 900, though
all of these estimates for 1924 are
necessarily based upon ten months
official figures now available Meas
ured in prices of today the value OF
the 1924 imports seem likely to ex-
ceed those of 1914 by about 90 per
cent. and the exports an increase of
approximately "a per cent. The ex-
cess of exports over imports seems
likely to be more than in any pre-
war year and four times as much
| p as that of the fical year 1923 when
ii stood at s176. 100000.
FoOdstufs show D~crease.
The striking feature of the record
which ends with this month is the
increase in expectation of manufac-
in the Importation of manufacturing
material. The chief decrease in inn
ports of manufacturing material oc-
ours in silk, cotton. hides and to-
bacco; the chief increase in manufac-
| lures exported occurs in machinery,
automobiles, lumber. iron and steel
| manufactures. copper. tin plate and
agricultural implements.
The fall of in the value of food
stufs exported occurs in the grains.
wheat, corn, rye, barley oats and
rice. all of which show a reduction
in both quantity and value, while
meats as a whole show slight in
crease over the corresponding months
of last year. Exports to all of the
grand divisions show increases. those
to Europe a gain of $4,000, 600. to
Asia and Ocenia sl56. 900. 900 and to
North and South America $47, 900, 900.
Perhaps the most striking feature
of the record of the year is the fact
that the total value of manufacturers
exported seems likely to be practi-
cally double that Of decade ago The
ten months for which official figures
of 1924 are available show the total
value of manufactures exported at
$1.763. 100000 against ss2o, 900, 900 in
the same months of 1914.