| Show U S IS GAINING IN WORLD TRADE TRAD increase Is I 1 shown since prewar days day washington washing tolL A striling picture of the foreign commercial and financial transactions of the united states during 1923 5 Is given to in the fourth annual international trade balance statement made public by the department of commerce in a foreword to the statement which takes into account the huge visible and so called invisible or less tangible items of trade secretary hoover pointed to the increase in total international transactions from around in 1921 1924 to nearly last year fig as chowing bh owing very strikingly the enormously increasing importance of our foreign commercial and financial re eions ti ons the figure was a gain of approximately ma tely over the 1923 total and nearly more than the annual prewar average increasing economic stability in foreign countries the secretary said was reflected by a net import of fully on one fourth of the estimated amount of american currency held abroad and by the fact that the movement of foreigners bank deposits in this country declined for the first time since 1921 during the year the united states further strengthened its international investment position our total foreign holdings now amount to about having increased by more ih than during the year our total returns from foreign investments are now greater than at any time in our history in the absence of complete and accurate figures which it was said would show total exports and imports import both visible and invisible to be equal the statement allowing for errors and omissions estimated the final residual balance last year at against the united states the same me balance in 1924 was in this count rys favor although the excess of exports in merchandise dropped from froin the ir 1924 4 figure and a marked increase of in imports of new dew foreign securities was shown over that year these were balanced by equivalent credit changes |
