Evening star., 1938-07-25
EXPORTSADVANCE
AS DROP
S63l, l,074,OW More Is Sold
to Foreign Countries Than
Is Purchased.
Fy the Associated Press.

Ey the Associated Press.
The United States exported S63l,- .
o74,000 more than 1t purchased from
foreign countries during the first six
months Of 1898.
The Commerce Department reported
today that exports for the first half
of 1888 totaled 81 l.592,137 900. An in
crease of s5S.575o0O over the CORE
spending period of 1887,
Imports amounted to $s6l. .063. 900 in
the first half of the year. q decline of
1922 $4,000 from the first half of
1887.
June exports. the department said.
we're s232 .686,000 which represented
an excess OF sse, 1873. 900 over the i'm
port total of $l45.s98. 900.
Both exports and imports for June
were below those for June of 1897.
Manufactured Goods.
Although factory production was
shown to be almost one-third smaller
in the first six months of the year
than in the same months last year,
thpOIlS VI &UOuS AZ
tually were somewhat larger. Exports
of manufactured products. chiefly
agricultural items, were about one
fifth larger
The department noted that imports
reflected sharply the decline in do
nestle activity and the improved 1887
agricultural production. Imports were
81 per cent smaller on a quantity basis
than the unusually large volume for
the first half of 1887
The excess of exports over imports
for the first half of the year was de-
scribed as the largest for any corre-
spending half year since 1921. It con-
trasted with an excess of imports Of
sl46s5s, 900 for the first half Of 1887.
AS compared with the first half of
1887 agricultural exports were valued
at s93,274.000 more in the first half
Of 1893, % per cent increase. Ex-
ports of grains.snd grain preparations
rose from $l8.600,000 in the first half
of 1897 to $l42,400,000. Shipments
Of meats and dairy products rose about
SIS 100000 from s22.0o0,00o.
major offsetting factor was
s57.o00,o00 decrease in the value of
raw cotton exports.
Agriculture Imports on.
Agricultural imports in the first half
# 1888 were s424295 900, or Al per
cent under the total for the first six
months of 1887
The decline in competitive agri-
cultural imports was about half again
as large, relatively. as the decrease
in other agricultural purchases.
The department listed exports Of
manufactured cotton at sll8.8e1 900
IN the first half of 1888, against $l75,-
$4,000 in the corresponding period
of last year. For June the $9.442. 900
figure compared with sl6,835 900 a
year ago. Unmanufactured tobacco
sales abroad added up to s51,070, 900
for the first half Of 1888, compared
with $36.l03 900 last year. The June
sales of $4,so3 900 were about sl50, 900
over June, 1887.
Foreign nations bought $50, 0,903, 900
worth of wheat and S64.347, 900 of
corn in the first half Of 1888 The
comparative figures for the first half
Of 1887 were sl.747 900 for wheat and
sl45,00 for corn. The value of wheat
exports rose from $4,000 in June,
1887. to s6,275.ooO last month. The
corresponding increase for corn ex-
ports was from $4,000 to sS,366, 900.
Raw Cotton Imports.
On the import side OF the ledger the
department reported that purchases of
raw cotton dropped from sl2,243, 900
IN the first half of 1897 to s4,953. 900
IN the same period OF this year. I'm
manufactured tobacco imports rose
from sl5,5l5o0o to s16,1l4,00o.
Wheat imports fell from sS.9l8,000
to $4,000, while purchases of corn
fell from s3l ,433 900 to $178, 900.
Gold exports for the first half of
1888 were s5.75o.o0O. an increase Of
55,6o2,ooo over the first half of 1897,
whereas imports, worth S247,974, 900,
were down s7Sl ,353 900.
Silver exports showed opposite
trends. The total of sl.60O,OO0 for
he first half Of the year was of
S8.523000 from the first six months
of 1887. Imports of s1ll,53l 900 were
10 S770O6. .OOO