OCR Text |
Show w TRADE CHANGE HELD GOOD SIGN Growth of Imports Will Promote Normalcy, Says Department i WASHINGTON, Aug. 19 a reduction re-duction of more Hum c .in.ii'iin n, 'the nation's favorable trade balance during Jly as compared with 0, year ago win help the International exchange ex-change situation, th commerce department de-partment declared today in a Btate- mi nt making public the rcstl 1 Ol th( country's foreign trade for the month Substantially Increased gold Imports but siightu deci sased i ommodlt i ports nnd imports, the dcpartmonl stated, characterised the foreign trade of the country for lulv tJS COmpan I with June The decided reduction n the favorable fav-orable trade balance from 147,000,-000 147,000,-000 a year ago to $r,J 000 000 for lulv t he depart no nt de, :, , , , ,, I, , ' healthy situation, pointing to R gradual grad-ual return to normal relations between be-tween our exports and Imports, w hich j is bound to bavea beneficial effect on the international exchange situation." Commodity exports foi Julj aggregated aggre-gated $305,000,000 against 884,( - 000 In June and $325,000,000 In July ' 1921. while Imports totalled $261,-000 $261,-000 "00 against $260,000,000 In Juno and $ 1 78, 00". 000 for July a year ago |