VALUE OF IMPORTS
AND EXPORTS DROPS
Former Decline $168,278.
887; Latter, $232.158,857
frj One Year.
BIO ( I T IN LI XIUUKS
Figures t<> March, 1921, In
dicate Spending Craze Is
\ bout Over.
MORE STEEL NOW SHIPPED
Agricultural Implement* Also
Show Increase. Due to Ifcs.
toration Work Abroad.
Both imports and exports at tin*
Port of New York continue to show
a heavy decline as compared with
those of last year, according to figure* :
obtained yesterday at the Custom
House. The tables for March?the
last montn for which they have been
compiled-?show a decrease of $165,
?i'8,59, in the value uf Imports over i
the sante month of last year, while
there has been a decrease of $232,468,
3e7 in tlie value of exports as com
Pared with Match. 1920. The decrease
in exports was particularly large in
automobiles, of which $11,147,073 worth
were exported in March. 1920, and only
*1.0S1,999 worth in March of this yeat
The drop in the value of Imports?
'here was an increase only in the items
or automobiles, pearls and original ur
works, and these comparatively small
is attributed to the fact that Americans
are now spending far les money on
luxuries than was the cast- a year ago
and that buying in many lines "has been
extensively curtailed. In such Item* as
diamonds, silks and ancient art works
the drop was large. There also was a
marked drop In the value of crude rub
be- arriving in this port.
