OCR Text |
Show Tnosr nothing at i outbreak of the war, Is rapidly gaining and last montli exceeded the record of any preceding month except om' in the history of our foreign trade. For the seven roonthR of the fiscal pear, up to February 1, American ex-9 ex-9 were $1 ,334,000.000 and import? $930,000,000, or a favorable balance of $4114000.000, which is very close to our trade balance for t lie corresponding correspond-ing seven months eudiug January 3, 1914. The war has made many changes In the destination of our goods Our commerce with Austria-Hungary and Germany has decreased at a most rapid rate In the 6even months ended January 31, 1914. we, sold Ger many goods worth $238.000.000 , in the last seven months our trade has been only $23,000,000. nearly all of which is to be credited to July to that time our Imports from Germany have been $69,000,000. or only half of the earlier importations. Our trade direct with Austrla-Hun-giirv has disappeared. ''.reat Britain, since the beginning of the war. has purchased nearly half a billion dollars or American goods, and our imports have teen well maintained, main-tained, showing that commerce with H England Is undisturbed. PiH We bought more and sold less goods to Canada since the opening of hos- Our trade with South America shows a falling off in exports of o0 per cent, with an increase of 1m-111 1m-111 ports of 12 per cent. 1 Tho United States has lost trade JT" vitn both exports and imports H I having decreased I Exports to Italv have doubled, indl-H indl-H eating that Austria Hungary an5 Ger-B Ger-B many are carrying on a percentage of HI their trade with ub througa that coun- II 1 'our imports from France have lb been cut in two while our export HI have increased from $109,000,000 to AH (142,000.000. France bought $11, 500 - W 000 in merchandise in January. 1914. HQ atUl J)i,306,000 in January, this year This difference undoubtedly repre- H sents war materials and foodstuffs. vGm 00 |