FOREIGN TRADE: State of Exports

Before World War II, exports were thought of as just another source of income (less than 10% of the total) for U. S.

business. World War II has inflated the word's meaning, made it sound like a symbol of the next boom. Last week, Department of Commerce figures on U. S.

foreign trade for 1940—3 first quarter enabled businessmen to assess the realities.

Exports were way up: 51% ahead of the first quarter of 1939. But they were not up enough to lead the U. S. economy into a boom. Instead of booming,...

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