The Archive · 1929

Higher Exports for 1929 Dee. 4

Foreign trade of the United States approached the. G-$10,000,- (000,000 mark while the trade balance for 1929 reached the highest point since 1921, due to a marked increase ju exports, according to the anneal report of Mtr. Andrew Mellon, Seeretary of the Treasary, given to Congress to-day.

Although representing only 15 per leant. of total imports, six of the leading sources of Customs revenue included cane sugar, unmanufactur-Jed. tobacco, wool, mohair, manu-factores of wool, cotton and silk. The tariff on these items produced half the customs income, according! to Mr. Mellon's statement, The prevention of liquor smuggling from the sea was termed "satis-

Hactory" for the past year, although there was considerable smuggling on the Great Lakes.

"The operation of prohibition enforcement is becoming stable and more effective," continued the report, "The activity and ce-operation of several bureaux in these operatic making the business of violating the laws more dificult and hazardous constantly."

Regarding meningitis, the report said that only a strict enforcement of temporary restriction and supervision over. the transportation passengers from China and Philippines ports will meet the situation over another winter.

AAs the most immediate reaction to the annual: Congressional -messaze of President Hoover, Senator ced Smoot arranged to see that the subject of tax reduction will ight of way in the Senate.

Senator Smoot, chairman of the Finance Commitice, said. that the Senate Tariff Bill ould also. considered immediately and' might be, taken up to-tay before night-the subject of "President Hoover's Remarks of the "opposition" on

menage were temperate, once the Congress for ite delay in falling to resident had placed no blame

pass the tariff bill in ite special ression—United Press,

Text read from the printed page and cleaned; old type leaves the occasional error.

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