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DOLLAR GAP
SHRINKING
WASHINGTON,
Wednesday.
The international dollar gap
shrank to 653,000,000 dollars in
the first quarter of 1950—the
lowest for any quarter since the
end of the war.
The dollar gap in 1949 was
6,200,000,000.
A significant development in
the first quarter of this year
was the continued increase in
American purchases of merchan-
dise in foreign countries, which
'rose from 1,600,000,000 dollars
in the third quarter of 1949 to
2,000,000,000 in the first three
months of 1950.
The Commerce Department, in
releasing the figures, said that
the devaluations of last Septem-
ber, although undoubtedly an in-
fluencing factor, did not appear
to have been the primary cause
for the large rise in the value
of imports in recent months.
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