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Show Vast June Exports Stagger Washington Experts D VANCE figures on exports for June, showing a total of $200,000,000 in t excess of the record month in the history of the country, have staggered government officials here. While it was realized that exports were climbing by leaps and bounds, even the department depart-ment of commerce experts who tabulated tabu-lated the statistics were not prepared tor the tremendous showing indicated by the figures. The June exports totaled $918,-XtO.000, $918,-XtO.000, as against $484,000,000 in June, 191S. The record month previously was in April of this year, when the otal was more than $700,000,000. The June figures bring the total for the 'fiscal year ending June 30 up to the huge sum of $7,225,000,000, as compared with $5,920,000,000 for the fiscal year ending June 50, 1918. This is more than three times the exports for 1914, the last normal year. Exports since the signing of the armistice are estimated at about $5,000,000,-000. $5,000,000,-000. The excess of exports over imports, for the fiscal year 1919 was $4,129,-000,000, $4,129,-000,000, against $3,000,000,000 the previous year and less than $500,000 in 1914. Imports for June were valued at $293,000,000, a falling off from the total of $329,000,000 recorded for May, but an increase over the $260,000,000 for June of the previous year. Total imports for the fiscal year just closed are placed at $3,096,000,000, as against $2,946,000,000 for 1918. "1 am frankly shocked by these figures," said Secretary Redfield. "There might be a little tendency to exult over them, but the real significance is a deeper one and more of a serious nature. The figures Involve a tremendous responsibility and opportunity. "We are loaded with wealth. We have got gold, goods, credits, and equipment equip-ment everything the world wants. The world Is starving for what we have." |
