The Trend of Bond Prices-Average of 40 Listed Issues The heavy line shows the closing average price of fifty stocks, half industrials and half railroaris. The black area shows the high and low average prices of the twenty-five industrials and the white ares the corresponding figures for twenty-five rails FOREIGN TRADE. Total exports from the United States during 1918 are estimated at $6,100,000,000, a decrease of about $100,000,000 from the preceding year; while imports are estimated at $3,100,000,000, an increase of about $100,000,000 over 1917. Exports from this customs district, excluding Government shipments, aggregated $3,834,677,239, a decrease of $432,727,353 from 1917, and imports were $1,296,345,823, a decrease of $66,081,165. If exports carried on Government vessels, which did not clear at, or report to the customs house, were included, exports through this port would doubtless exceed those of 1917. New York's decrease in foreign trade was shared with other ports on the Atlantic coast, this whole division showing a decrease of 14 per cent in exports and 7 per cent in imports, while the Pacific coast gained 70 per cent in exports and 30 per cent in imports. This shifting in trade is the result of the slight decrease in exports to Europe, other than Government exports, coupled with the decided decrease in imports from that continent and on the other hand, of the large gain in both exports to and imports from Asia and Oceania. Total imports from Europe are estimated at $350,000,000, compared with $550,000,000 in 1917 and $900,000,000 in 1912, a representative prewar year. Imports from Asia are estimated at $900,000,000 against $758,000,000 in 1917 and from Oceania $165,000,000 against $100,000,000 in 1917. Exports to Asia are estimated at $450,000,000 as compared with $430,000,000 in 1917 and to Oceania $150,000,000 as compared with $117,000,000 in 1917. There was little change in the amount of either exports to or imports from South America as a whole. Imports from Mexico increased about 12 per cent while exports decreased slightly. There was a considerable increase in trade with Canada. Our excess of exports over imports during the European war totaled about $11,000,000,000. |