Ogden Standard-Examiner | 1922-05-03 | Page 4 | Heavy Decrease in Foreign Trade

HEAVY DECREASE IN FOREIGN TRADE America is losing in the commerce of the world. Purine, March, according accord-ing to the department Of commerce, the exports of the United Stales drop ped $20,000,000, or 10 per cent In the I nine months to April 1. this year, the J decrease in exports to Europe, as com pared with the corresponding months of 1921. was $1,320,000,000. In tbe samel period Imports decreased $138,000,000 At the height of our foreign trade, the United States exported In one year goods to the value of eight billion dol lars, with imports at five billion dollars, dol-lars, leaving a favorable balance of trade in the twelve months of three billion dollars From this total of thirteen billion dollars in foreign commerce, the nation has dropped to les than four billion dollars. A large percentage in this decrease b 1 1 presented in reduced values, but even in quantities of goods shipped and received there has been a heavy falling off, which points to the necessity neces-sity of America making a greater effort ef-fort to hold old markets and find new FieJdB for our surplus goods.