Ogden Standard-Examiner | 1924-04-28 | Page 4 | Foreign Trade is Eight Billions

vu FOREIGN TRADE IS EIGHT BILLIONS Our country did a great foreign business in 1923 The total was over eight billion dollars What this business means to the United States Slates is commented on by an eastern publication as follows s s The total of our export goods va This Tbs should be sufficient proof that we are not in in dependent of the rest of o the world nut But we are arc also great buyers We dependent purchased goods of all kinds v it orth Much has been said sold in the past ear ear of ot the flight of o capital from I- I I II ures are con ther there has bas been fly flying lug Ing both w it ays aye In the year foreigners foreigners ers ens Invested in our se ee securities and worth olour our currency curren C Citizens of the UnIted States on the other hand bought of foreign Be- Be se securities curlIes If It ito no 0 include in this tbs 91 11 91 paid pail on debts due to our government it would appear that we received In this way more than we ite e sent FOI countries also sent us In gold and sl silt sill er Ike Ake the exchange of oC Christmas presents 1 ye e partly ned the compliment by sending abroad ain ing our precious metal supply ahead There Is another item known as the isible in balance made up of foreign shipping and sen ices of other kinds The department esti esh- estimates estimates mates that these amounted to 1 1 1 paid oit b bi the United States This Is partly offset by the Interest paid vald to the United States nd also some freight payments all nil of or our ships do not come ome empty The department es- es es the total of these at Balancing these items It mould appear that Invisible t e hange ex-hange hange balance was as us If It anyone any one ha has the pa Fa Faience lence to figuie up both credit and lebit side of all these Items he 1 willInd rind Ind that the debit balance against lie he United States was t- t to o better belleI comment can be made on Ibo ho reco reco ery ery of Europe than this fact tact This Thin foreign trade Is keeping the heels of Industry moving in a thousand different was va s and It do- do troyed would bring disaster to our