From reports issued by the Manila Merchants' Association, the total trade increase for the Philippines for the year 1915 over the to year 1914 was Ps. 11,000,000, being imports into and exports from the Philippine Islands. The figures published show an increase of Ps. 11,000,000 in imports. This is largely accounted for by an increase in rice imports of Ps. 7,000,- 000 and Ps. 4,000,000 in cotton goods. Iron and steel imports fell off Ps, 5,000,000 and o: her imports fell off correspondingly. In the export of copra there are increases of Ps, 7,000,000; and Ps. 4,000,000 each in hemp and maguey. Other items showed decreases. In December 1915, the imports decreased as compared with 1914, by approximately Ps. 440,000 while exports showed a ahs gain. In UNIVERSIT
Text read from the printed page and cleaned; old type leaves the occasional error.