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Show LARGER EXPORTS OF COTTON Had Wholesome Influence In Correcting Correct-ing Collapse of Prices Trade Balance Bal-ance of $25,000,000. The increase in exports of cotton manufactures lias had a wholesome luliuenee in correcting the collapse of cotton prices in the South, but although al-though the total exports for the last ten months exceed by several million dollars the cotton exports for similar periods in the past, the real test can be made only in the domestic market. mar-ket. Official figures made public by the department of commerce show an Indicated export total of approximately approxi-mately $75,000,000 for the liscal year, while imports will fall below $50,000,-000, $50,000,-000, making a favorable balance ol trade amounting to $25,000,000. This net business done by American manufacturers manu-facturers cannot fail to be gratifying. It means that there will be $25,000,000 to be spent In the United States, which otherwise would have been held in Europe. Administration officials, however, should pay greater attention to the improvement of domestic conditions, says Washington Post. These conditions condi-tions have been improving., but the department of commerce would do ' well to consider all possible methods of increasing domestic trade... |
