TRADE SLUMP
THE UNITED STATES
REVEALING FIGURES '
(From "The Post's" Representative.) NEW YOBK, 4th February. Tho export trade of the • United States in 1930 was £770,000,000, a'decline of £280,000,000 compared with 1929. Imports .totalled £600,000,000, a fall of £.270,000,000. Tho balance of trade, in favour of exports, was maintained during the year. Tho oxport trade was lowest since 1922, the year following the big slump. With one exception, imports were lowest since 1921. The Department of Commerce attributes the trade decline to "overproduction in several commodities, induced in part by price manipulation and increasing efficiency in production, which led to large surpluses and mado it inevitable that a break in tho price levels would bo brought about. The break, when it came, could not be confined to one industry, and reduced purchasing power became general, with the result that international exchange was earned out on a reduced scale everywhere." ' Trade oxperts of the Federal Government do not belJevo improvement will be effected till tho necessary adjustment befwoon supply and demand has been brought about.
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Bibliographic details
Evening Post, Issue 51, 2 March 1931, Page 8
Word Count
174TRADE SLUMP Evening Post, Issue 51, 2 March 1931, Page 8
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