tory price of gold, $20.67 an ounce, in effect prior to January 31, 1934, was changed on that date by Executive order to $35 an ounce.)

This bulletin was prepared in the Foreign Trade Section of the Finance Division, under the general supervision of Amos E. Taylor, Assistant Chief, with the assistance of various members of the staff of that Division. In the writing of the text Miss Witherow, who is responsible for the arrangement of the report, received the assistance and cooperation of various specialists in other Divisions of the Bureau. JAMES W. YOUNG, Director,

OCTOBER 1939

Bureau of Foreign and Domestic Commerce.

Figure I.-Total merchandise exports and imports of the United States, 1901-38.

Figure II.-Percentage distribution of exports of United States merchandise and imports for consumption, by

economic classes.

NOTE.-General imports in 1929 and 1932.

Figure III.—Changes in quantity, unit value (price), and value of United States merchandise exports, by economic classes, 1923-38.

1923:24 25 26 27 28°29′30°31 '32°33′34°35′36°37'38'39 1923 '24'25'26 27 28′29′30′′31 '32 '33'34'35'36'37'38'39

D.D. 39-186

Figure IV. Changes in quantity, unit value (price), and value of imports for consumption, by economic

classes, 1923-38.

NOTE.-General imports prior to 1934.