Show foreign trade of country no longer Is the particular concern of the seaport by JAMES A FARRELL president dent united states steel corporation that foreign trado trade is a vital element clement in domestic lias ans been amply demonstrated by the expert 12 anco of ilia united states since the beginning of the 11 european ur war our steadily increasing oversea corn com imerio previously had bad materiale mate materially riall y contributed to our wat ional wealth but ilia dislocation of international ex exchange chango of commodities and of ilia system by which alicy are arc transported and financed made this fact for ilia first time apparent to many who had regarded exports and imports as the particular concern of the sc seaport aport our total foreign trade for the ilia fiscal year ending juno june 30 last was greater than ilian for any previous year attaining a total of tho the trado trade balance in our favor was this was our greatest national asset it not only improved our international credit and gave to ilia dollar a position of unprecedented influence in ilia finance of the world but its ben benefits effis were widely distributed and affected the welfare and promoted the ilia bap happiness of an ail enormous proportion of the ilia individual citizens of the country |