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Foreign News January 12, 1920

Tonopah Daily Bonanza

Tonopah, Nye County, Nevada

What is this article about?

Britain's adverse trade balance for November reached its lowest since the armistice at £36.2 million, with exports up £9 million and imports down £10 million, partly due to US strikes and production issues boosting European markets for British goods.

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(Correspondence of Associated Press)

LONDON, Dec. 26.—The adverse balance of trade against Great Britain as shown by comparison of her exports and imports during the month of November was the lowest attained since the armistice. Its total was £36,200,000.

Britain's exports increased about £9,000,000 in November while in the same period her imports decreased about £10,000,000.

The decline in imports is attributed by the American chamber of commerce in London in part to the recent strikes in the United States. It is stated also that decreased production and shipping troubles in America forcibly reduced British imports but at the same time improved her market for exports in continental Europe which were shut off from their source of supply.

What sub-type of article is it?

Economic Trade Or Commerce

What keywords are associated?

British Trade Balance Exports Increase Imports Decrease Us Strikes Impact European Markets

Where did it happen?

Great Britain

Foreign News Details

Primary Location

Great Britain

Event Date

Month Of November

Outcome

adverse balance of £36,200,000, lowest since armistice; exports increased about £9,000,000; imports decreased about £10,000,000

Event Details

The adverse balance of trade against Great Britain as shown by comparison of her exports and imports during the month of November was the lowest attained since the armistice. Its total was £36,200,000. Britain's exports increased about £9,000,000 in November while in the same period her imports decreased about £10,000,000. The decline in imports is attributed by the American chamber of commerce in London in part to the recent strikes in the United States. It is stated also that decreased production and shipping troubles in America forcibly reduced British imports but at the same time improved her market for exports in continental Europe which were shut off from their source of supply.

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