AN OMINOUS OUTLOOK
Notwithstanding g.ll the boasted but periority of American enterprise and American industry, it "would appear from recent statistics tha.t .there is screw loose somewhere In the channels.of trade with the United States. Exports from the States during the year ended in June showed tho remarkable decrease of twenty-two millions sterling as compared with the previous y.e^r. and were two and three-quarter millions Jipilpw the ligures of-two years ago.1 in the first seven .months of the present year! America lost even more heavily,-be-ing twenty-one and three-quarter millions below tho same period of 1901, and nearly, .eighteen millions below 1900. On thp o?her hand, import's increased by six millions ip thp spven months. It would almost seem as ii the great talk about wresting the balance of trade from Great Britain is .unfounded, for during the same period she lost.only one. and a half millions of outward trade and gained nearly the same amount of imports. .■
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Manawatu Standard, Volume XL, Issue 7404, 20 September 1902, Page 2
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157AN OMINOUS OUTLOOK Manawatu Standard, Volume XL, Issue 7404, 20 September 1902, Page 2
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