Facts and figures about the crisis

Table 25. — Balances of International Payments of the United States. Calendar Years 1922—1931—-A Condensation of Revised Estimates

(Millions of Dollars)

ui

Class of transactions (gross or act) 1922 1923 1924 1925 1926 I 1927 1928 1929 1930 1931

COMMODITIES (ADJUSTED)

Exports 4.121 4.868 4.834 5.177 5.044 6.091 6.338 5.447 4.095 +2.623

Imports 8.419 4.162 8.952 4.544 4.766 4.508 4.468 _4799_ 3.294 —2.254

Balance of trade (adjusted) .... +702 +206 +882 +688 +278 +583 +866 +648 +801 • +869

MISCELLANEOUS INVIS1BLE ITEMS

Fresght: Ocean, Great Lakei, and railway (net) —79 —88 —64 —84 —96 —66 —82 —66 —96 —72 Expenditurcs by American tourists:

Canada and Mexican frontier —100 —181 —169 —186 —201 —281 —298 —884 —822 2 —288

Overseas, including West Indies .... —846 —818 —874 —400 —422 —466 —681 —684 —489 2 _287

Expenditures by foreign tourists in United States +87 +104 +107 +112 +148 +168 +168 +188 +157 +112

Oceari-borac passenger trafflc 3 +58 +60 +58 +68 +69 +89 +44 +47 +49

Interest on American private funds abroad

(long and short term) +566 +594 +686 +689 +740 +800 +896 +979 +916 +674

Interest on foreign funds In United States

(long and short term) —144 —180 —192 —239 —268 —281 —359 —414 —300 —126

War-debt receipts (prlnclpal) +82 +92 +28 +26 +85 +46 +60 +62 +77 +21

War-debt receipts (Interest) +126 +167 +160 +160 +160 +160 +157 +145 +164 +92

Other governmental transactions (net) . . . —46 —66 —58 —61 —49 —29 - 57 —92 —81 —98

Immigrant remittances (net) —265 —229 —229 —285 —218 —206 -218 —223 —166 —168

Charitable and missionary contrlbutlons . . —75 —70 —56 —60 —46 —49 — 51 —49 —49 —89

Other items (net) 4 +46 +57 +68 +74 +74 +74 +24 +25 +52 +57

Total, commodity and miscellaneous (net) +557 +208 +802 +618 +205 +588 +658 +877 +718 2 +257

1 For purporic of compnrlnon with cutlmntcu of prcvloun years themlscellaneous short-term credit* nrc carrled In thll table af „adjustments for dlffcrcncco la ycar-end lag"

2 A act flgurc I It lncludcs no payments to American passenger vcsscls,

3 Largely n deductlon from American tourlit expenditures ovcracaa ,

4 Includes Insurance, motlon-plcture royaitlcs, cablc charges. Canudlnn electrlc power, press subscrlptlons, patents and copyrights, and advertlslng.