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Show FOREIGN TIDE IS STILL LARGE Hoover Corrects Pessimists By Comparison With Pre-War Figures WASHINGTON, Ma S -Eorelgn trade of the United States now Is higher than its prewar level Secre-1 tary Hoover declared Sunday in an 1 analysis of the country's overseas commerce situation Despite the postwar post-war depression, he said, we have held on." "There seems to be." Mr Hoover ssld, "so niueh popular mlsappr henaion and conflicting opinion regarding re-garding the present condition of our foreign trade that it may be desirable desira-ble to call attention to a few fun-' damental fnctors in the situation" DISTINCT P.: l L The total trade of the Cnlted States In 1921. he said was SO. ''.'. 1 on. i. on compared with M.268.400,000 I n 191 I, or ratio of 1 C 4 ; Great Britain 's total trade in 1921 was 17,161,899,000, compared with $fi,s3o, toi.ooo In L918, or s ratio of 107. On the basis of a prewar com- parlson, he said, "we find that h - foreign trade of the United State-- I I nearer normal than the trad.- of the' I'nlted Kingdom, or France or C.er- 1 I many, which are our principal c6m- I petitors. In other words, the traUe-' traUe-' of the United States, even in times of great depression. Is higher than our ( prewar level During the last few months there has been a distinct re- vlval in trade from the low point, and I am confident that we have little lit-tle reason to accept the pessimistic view of our foreign trade future tak- 1 en by students of the question." IMPORTS . HIGHER. CAMBRIDGE, Mass., May s lm 1 ports have definite! turned the cor-' tier and are now increasing, and figures fig-ures for the month of March make it probable, although not certain, that export also have passed their lowest low-est point, according to a survey of the foreign trade situation of the I'nlted States, made public by the Harvard economic service Sunday. I "Exports In March,' the statement said. aggregate $ 12.000,000. thl highest since October, 1921. Imports totaled 825S, 000,000. tho greatest-since greatest-since December. 1920. The lnere is-over is-over February was $48,000,000 In Imports Im-ports and $82,000,000 in exports, representing rep-resenting advance:,- of 20 and 33 pur cent, respectively "POSITIVE Ki t I KY ' "Indices based on the physical volume vol-ume of Imports '.-how that the low.-,; point in the import trade reached In the thi.-.l quarter of last year, whMi imports registered 72 compared With a quarterly average of 100 In 1920. in February of this year th. y were two per cent above the l ! L" average The March quantity Uffur h are not jet available, but With an !n-crpaae !n-crpaae of $48,000,000 in value th ic Is little doubt that the quantity figures fig-ures will also show a further Incn ' A comparison furthermore of the import im-port movement In 1U21 wlih our In dices of prewar seasonal variation in! imports shows that the strong rise . imports Is not merely a seasonal variation va-riation bul indicates a positive rc-cov rc-cov cry. "The fact that exports also recov-' ercd strongly In Man h, makes It probable that the low point In exports ex-ports has been passed." |