Washington, Dec. 26.
"ARS in Europe and Asia together with a series of crises in the last two years have caused serious dislocations in United States overseas markets, according to government trade statistics. The ultimate effect of hostilities in China and Spain, the dismemberment of Czechoslovakia and Nazi economic penetration of central and southeastern Europe cannot yet be determined, but present figures show United States exports generally have been hard hit by abnormal world conditions.
Commerce Department statistics show that since hostilities between Chin and Japan broke out July 7, 1937, United States exports to China proper have decreased.
After an increase of nearly 50 per cent. in trade between China and the "United States in the first six months of last year, compared with the same period of 1936, a sharp decline set in as a result of the outbreak of hostilities.
Text read from the printed page and cleaned; old type leaves the occasional error.