U.S. EXPORTS FALL

Dominion, Volume 24, Issue 282, 25 August 1931, Page 9

U.S. EXPORTS FALL

Less to New Zealand by

47 Per Cent. LAST YEAR’S FIGURES By Telegraph—Press Aran.—Copyright (Rec. August 24, 8.15 p.m.) Washington, August 23. The final analysis of foreign trade during the year ended June 30,1031, issued by the Department of Commerce to-day, showed that exports totalled 3084 million dollars, a decrease of 34 per cent., and imports 2432 million dollars, a decrease of 37 per cent. Exports to Oceania totalled 04,000,000, a decrease of 96,000,000. Exports to Australia showed a decrease of 04 per cent., and exports to Now Zealand showed a decrease of 47. per cent. The exports of automobiles to Australia v-*re valued at only 2,000,000 dollars. LOW COTTON PRICES Proposal to Aid Growers HOLDING 8,000,000 BALES (Rec. August 24, 8.15 p.m.) Washington, August 23. Among other suggestions which President Hoover has submitted to the Federal Farm Board for consideration is the proposal of Senator Smith, of South Carolina, that the Government should purchase 8,000,000 bales of cotton and withhold this amount from the market for one year on condition that the farmers from whom it is purchased agree to. plant no cotton next year.