Show FOREIGN TRADE N prosperity during the first tour four months montha of tho the current year the foreign trado trade of tho the united states has shown allow n a decline in vale ot of 21 per cent as compared with the corresponding period oc of 1929 exports 11 x and imports havo have fallen oft off in practically practical lythe the same proportion pa part t ot of this is due to the general decline in price levels but the main cause to Is the slackened rate of nd activity we haye have been exporting loss less because the rest ot of the world has been suffering front from trade depression and we have been importing less lesa because we have boon been haying having tho the samo same sort of trouble for those who have assumed that the united states enjoys a special kind of 0 immunity from tha economic afflicting other par parts is of the globe the trade data ot 0 the past four months should prove enlightening it Is in true that what wo we export amounts to only 6 or 7 per cent ot of our national income but this does docs riot not prove that our forel foreign g u trade has haa r relatively little effect on our prosperity in the first place a variation of oc only 15 per cent in our industrial activity determines whether we are to enjoy a boom or suffer from depression and the state of our foreign trade may have a great deal to do with determining this vai variation lation agan many oi of our basis industries are wholly dependent on foreign outlets tor for their well lie being ing we export tor for example about half the cotton and over a fourth of 0 tho the wheat produced in this country cotton cotten exports during tho the first tour four m months of 1930 show a loss log of about 28 pee per cent from the preceding year the loss of buying power which res results alts from this slump in exports will inevitably make itself felt n all those ln ini ua ls tries which supply the wants of the cotton growers the foreign trade ot of the united states as well as aa tho the domestic trade Is clearly in need of a revival ana recovery in the one can hardly come without improvement ln in lie a other the trade depression Is id corid ade and no nd benign providence Is going to set i things right here and ignore tho re rust st of df the world new york world dent dem oera operatic tic |