Washington, Feb. 19.
A Department of Commerce annual survey of business conditions in the Philippines to-day reveiled exceptional progress in 1937 with many records exceeding the rre-depression peaks of 1929.
Philippine exports for the year, including 2010, were valued a 500,000, an increase of 19 per ce over 1936, and $500,000 above the 19: figure, Imports during 1937 totalled $109,- 000,000, an increase of eight per cent over 1936, but cyyn 25 per coat when compared with 1929.
Imports of American cotton seeds during ths secon months of 1:37 doubled as compared with the corresponding period of 1936. Mineral production increased, with gold cut-put increased 16 per cent. Shipments of iron ore to Japan totalled 600,00 tons during 1937, slightly below the 1936 figure. The drop was said chiefly because of a shortage of ships during the last quarter of 1937 resulting from the Sino-Japanese war.—United Press.
Text read from the printed page and cleaned; old type leaves the occasional error.