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Show OCTOBER'S EXPORT BALANCE HIGHER Washington. Nov. 4 Commerce department de-partment officials estimated tonight that October s export balance in fa vor of American trade would amount to $60,000,000. That would be an Increase of $44 000.000 over September's Septem-ber's balance, indicating the tremendous tremen-dous extent of the trade pendulum's swing since the first month of the war. In Vugust the value of Imports Im-ports exceeded exports by $20 U00,-000. U00,-000. but as the sea highways were cleared and war began to make Its demands on American mills and granaries gran-aries there was an immediate ehango in the flow of trade and balances established es-tablished to help meet American obligations ob-ligations abroad. The department officials based their estimates of October's exports on re-norts re-norts from New York. Boston, Philadelphia, Phila-delphia, Baltimore Galveston' New Orleans, San Francisco, Seattle. Detroit De-troit and Buffalo, which handle about SO per cent of the country's total Exports from those points for October Octo-ber amounted to $162,620,000. while he imports about 85 per cent of the American total were $119,170,000. Figures for the tirst three days of Lhe month were estimated. The rapidity of the export growth during J the month Is shown by the weekly figures. For the week of Oclol. r 4-10, the exports were $34,890,000. In the following week they decreased l, $6.000 000 but in the third week Me jumped to more than $38,000,000 and in the last week of the month the reached a total of $4o.9oo.ooo "The ten ports under consideration." I said the department's statement "thus show an export balance of about ?4:Mimi.miH v. bile the business al the remaining ports of the country will probably bring the total exporl balance to $60,000,000 ii is estimated that the total ex-pi ex-pi rts fur the month will amount to $200,000,000, with imports of $ l". 000.000, If that proportion is maintained, main-tained, October's exports will shov in increase over those of May, when trade conditions abroad were prac-tlcally prac-tlcally normal, of more than i)0.-000. i)0.-000. Weekly returns from New York are quoted to show the rapidly expanding tendency In exports. For the week ending October Z they were 1.1.270.865; October 10, $17.-960,983; $17.-960,983; October 17. $16,139,582; October Octo-ber 24. $21,410,546; October 31, $23.-379,869. |