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Ch e W"or Id IT LESLIE E1CHEL tral Press 8taff Writer) NEW YORK, June II. — An ex planation why Japan's foreign trade Is Increasing is given by the Alex ander Hamilton Institute of New York in these words: • “The recent Increased exports of cotton textiles from Japan to the United States has again brought into the limelight of discussion Japan’s competitive power in International trade, and has raised the question as to how Japan has been able to in crease its exports in spite of high tariffs and the depression. The fact that Japan’s exports in 1934 amount* ed to 2,282.000.000 yen as compared with 1,917,200.000 in 1933 and 1.431. 000.000 in 1932 shows the extent of the Japanese export trade expansion. “The reason for Japan's ability to compete in the international markets may be briefly summarized as fol lows: (1) The depreciation of the currency and (2) the low standard of living. The Japanese currency has depreciated in terms of the gold franc by 66.3 per cent and in terms of the dollar by 66.2 per cent, MAlthough the decline in the ex ternal value of the yen has forced Japan to pay higher prices for im ported commodities this has not materially affected the general price and wage levels of the country. “Since the cost of labor in Japan has not Increased to any extent, the depreciation of the yen has enabled Japanese manufacturers to export their commodities in spite of the high tariffs prevailing in a number of countries. Although exports from Japan have shown a material in crease. imports have risen still more sharply and the excess of imports over exports during 1934 was larger than during 1933 and 1932. “The Japanese have stated that their drive for exports is determined by the necessity of paying for im ports. Otherwise Japan's ability to purchase abroad would be mipaired. This situation applies particularly to the United States since each year Japan's trade with this country' has shown a large excess of imports over exports “The excess of imports over ex ports from the United States in 1934 amounted to 370.431.000 yen as com pared with 128.541.000 yen in 1933 and only 64.726.000 yen in 1932 Japan buys raw cotton and a num ber of industrial products from the United States. The fact that Japan has had a continuous excess of lm Ets over exports with the United tes has made it more difficult for the state department of the United States to deal with the sharp in crease in exports of cotton textiles to the United States The Japanese argument is that since Japan's lm RADIO PROGRAMS FRIDAY, JUNE 14 (Central and Eaatern Standard Time) Note: All program* to key and basic chains or groups thereof unless speci fied; coast to coast (« to c) designation includes all available stations. Programs subject to change. P. M. (Daylight time one hoar later) NBC-WEAP NETWORK BASIC — East: weal wlw weel wtlc wjar wtag wcsh kyw whio wfbr wre wgy wben wcae wtam wwj wsai; mid: ksd wmaq well who wow wdaf wkbf NORTHWEST A CANADIAN - wtmj wiba wstp webc wday klyr cret clef SOUTH — wrva wptf wwnc wls wjas wfla-wsun wiod wsro wmc wsb wapl wjdx wsrab kvoo wky wfaa wbap kpro woal ktbs kths waoc wave wtar MOUNTAIN—koa kdyl k*lr k*hl PACIFIC — kgo kli krw komo khq klsd ktar kgu kpo kex kga kyr kya Cent. East. 2:90— 3:30—The South Sea Islanders 3.-00— 4:00—Shirley Howard Songs 3:15— 4:15— Burton Humor Sketch 3:30— 4:30—Fields and Hall 3:45— 4:45—Sam and Dick. Sketch 4:00— 6:00—Congress Speaks to You 4:30— 5:30—Press-Radio News Period 4:45— 6:35—Gallagher A Shean—weal 4:45— 5:45—Billy A Betty—weal only 5:00— 6:00—George Duffy's Orchestra 5:15— 6:15—Black Chamber, Drama 6:30— 6:30—Pickens Sisters. Vocalists 6:45— 6:45—Uncle Ezra Radio Station 6:00— 7:00—Jessica Dragonette—to e 7:00— 8:00— Waltzing by Abe Lyman 7:30— 8:30—To Be Announced 8:00— 8:00—The First Nightsr—c to c 8:30— 9:30—Joe Cook A Circus Night 9:00—10:00—Back of the News, Talk 9:15—10:15—Jesse Crawford at Organ 9:30—10:30—Stan Myers A Orchestra 9:45—10:45—The Hooflnghams. Sketch 10:00—11:00— Williams-Walsh Orc'ies. 10:30—11:30—Jimmie Garrigan Orches. CBS WABC NETWORK BASIC—East: wabc wade woko wcao waab wr.ac wgr wkbw wkrc whk cklw wdre wcau wjas wean wfbl wspd wjsv wbns; Midwest: wbbm wfbm kmbe kmox wowo whas kfab EAST—whp whec wlbs wlea wore wicc efrb ckac wibx wmas DIXIE—wgst wsla wbre wqam wdod klra wrec wlac wdsu wtoc krid wrr ktrh ktaa waco korna wdbo wbt wdae wbi* wdbj wwva wmbg wsjs wmbr wala ktul kgko wcoa wdne wnox kwkh MIDWEST — wgl wmt wmbd wlsn wlbw kfh wsmk wkbn wcco wsbt ksej wnax woe MOUNTAIN—kvor Ids koh ksl COAST — khj koin kfre kol kfpy kvl kfbk kmj kwg kern kdb k*mb k*b Cent. East. 3:30— 4:30—Jack Armstrong — east: Musicals—Dixie and west 3:45— 4:45—Mickey of Circus, Sketch 4:15— 6:15— Bobby Benson—east: Og. Sketch—midw Goopy Geer—west 4:30— 5:30—H. V. Kaltsnborn—east: Milton Charles. Organ—west: Jack Armstrong—r^ncit f«r midwest Cent. East. 4:46— 6:46—Carlton A Shaw, Vocal 4:66— 5:86— Press-Radio News Period 6:00— 6:00—Just Entertainment — e. Patti Chapin—Dixie; Orch.—west 6:16— 6:18—Just Plain Bill — east: Orchestras, Dixie & tnldw. 6:30— 6:30—The O'Neills Skit—east: Orchestra—Dixie: Orchestra—west 6:46— 6:46—Bosks Carter’s Comment 6:00— 7:00—Leith Stevens Harmonies 6:30— 7:30—Court Human Relations 7:00— 6:00—Hollywood Hotel—-c to e 6:00— 9:00—Richard Himber Orches 6:30— 9:30—Col. Stoopnagle A Budd 9:00—10 00—Oornberger’s Orchestra 9:30—10:90—Dancing Music Orchestra —east: Art Jarrett Orehes.—west 10:00—11:00—Sonny Woods’ Orchestra 10:30—11:30—Frank Dailey Orch, east: Richard Himber—west repeat 11:00—12:00— Dance Music—west only NBC-WJZ NETWORK BASIC — East: wjs wbs-wbza wbal wham kdka wgar wjr wlw wayr wmal wfll; Mid: wcky wenr wls kwk kwer koil wren wmag kso wkbf NORTHWEST 41 CANADIAN — wtmj wiba kstp webc wday kfyr crct cfcf SOUTH — wrva wptf wwnc wls wjax wfla-wsun wlod wsm wmc wsb wapl *jdx wimb kvoo wky wfaa wbap kpre woal ktbs kths wsoc wave MOUNTAIN—koa kdyl kgir kghi PACIFIC—kgo kfi kgw komo khq kfsd ktar kpo kex kga kgr kya Cent. East. 3:30— 4:30—The Singing Lady—east 3:45— 4:45—Orphan Annie—east only 4:0<^— 5:00—Winnie the Pooh, Sketch 4:16— 5:15—Capt. Tim Healy. Stamps 4:30— 6:30—Press-Radio News — ba sic; Ths Singing Lady—midw rpt 4:36— 6:35—Oals Page. Song Recital 4:45— 6:45—Lowell Thomas — east. Orphan Annie—repeat to midwest 6:00— 6:00— Amos ’n’ Andy—east only 5:15— 6:16—Tony 41 Gus. Serial Skit 5:30— 6:30—Songs by John Herrick 5:46— 6:45—Dangerous Paradise, Skit 6:00- 7:00—Irens Rich. One Act Play 6:16— 7:16—Songs by Morton Downey 6:30— 7:30—Ruth Etting College Prom 7:00— 6:00—Beatrice Lillie’s Comedy 7:30— 6:30— Phil Baker Show—to cat 8:00— 9:00—Meetin' House, Dramatic 8:30— 9:30—Lucille Manners, Soprano 6.46— 9:45—Cloister Bells Concert 9:00—10:00— Harold Stern’s Orches.— east; Amos 'n' Andy—west repeat 9:15—10:15—Tony A Gus—west repeat 9:30—10:30—Ink Spots Quartet—east 9:36—10:36—Reggie Childs’ Orchestra 10:00—11:00—Shandor and His Violin 10:06—11:08—Tommy Tucker Orchestrs 1 10:30—11:20— Billy Bisaett s Ore1—’:j ports from the United States exceed | exports, the United States ought to give Japan the possibility to pay for these imports." More than 155,170,000 books, ex* elusive of those printed for school use. were sold in the United States during 1929. OUR BOARDING BOUSE -By AHERN • EE-GAD-I WOULD HAVE CONE UP IN A WELL -'-YOU GALLOWS TREE.ON CANT BLAME IT THE CLAIM THAT THIS 5*1 » ELEPHANT GUN KICKING WAS NOT LOADED . lS THERE ANY _ Tun ka/vt^/ska \cl SUCH THING 6S A A CARD PARTY . -W--W-WHAT WILL- wHAT^fLA. f, _ EXPLAIN IT TO . *BE SURE HER WHILE TICE IT I YOU'RE SIGNING UP ON A OUT OUR WAT -By WILLIAMS ( FER <300D CjOSW 1 »# / WHV, ITS KiO USE \ SAkES— SWAT I $ / OP SPOILINJ' TM' ] TMAT FLV f VOLI / WALLPAPER. I'M l 60T ME NERVOUS, , | WAITIN' TILL ME WAITIN' FER TH' v 6lTS ON ONE OF / PLOP/ f ' ^EM BRANCHES, /• JL heLl look p* "*Lll4E A PLOWER/^ THE GUMPS — Please Omit Flower* —By SIDNEY SMITH ^Tyell you • Must (SUMP Once- im THE jnVj£&»c£ BOOTS AND HER BUDDIES — Plenty to Worry About ..V OOOtt TK* CUE& WEM> Vb T'CRACVC COW^ _ Jl ^ I RWE.V* \t W0C\_0-fc0T.\v)E EEEM «>0 CO^CER.t^E'D W\TV\ t>TOCW\hi' v*> TH* £>TORE VfcTH 6WEU>&1E*=» . \ t OOH HWOit OY3L CEKSX \Ki ’VH' fefeHM.: BJER"AV\\Ki6 VJk HKviE \6 RV6HT __ 'C TvV'STORE GPP *1 * l VOONiQPQ _ SHARK VO HO SVOAW.OWP.O HV R'WG HOVO \_CWG \S TH' OW\* SOW OP AW O^LV SOW OP WP CAW AW OWP\ SOW OP AW OWPV SOW OP1 TAKP N'T 9 AW OWCV SOW .TOO — HPS SORP* GOWWA tAAKP SOWP SOOPU. F\SH STOQvFS I-rC THE NEWFANGLES iMom’n Pop) — A Good Way to Play Safe —By rOWtW D—2 m. « ; — ' k STIFF NECK EM 'M f YOU NYU6TA BEEN 'NOPE — I AlttS UP TN5EE ENVAT. V*4EN SUE GOT SOQE NT SONNE I TUING 1 SAID-AND SUE TIED NC TO TUE BNDS.0T !W NECKTIE / ALLEY OOP — Pyhsps Foosy Isn't So Crasy —Ey HAMLIN $ THOSE GUVS WOULD ALL TU8W GBEEN, IP THEY KMEW HOW ILL GET 4 BID OF TH OUEEISJ / WELL-Dl OJA \ NAW ' I TRAILED IM ALL DAY, FIND OUT WHAT) AN ALL HE DID WAS TURN FOOZY WAS yOVER ROCKS AN' SCRATCH GONNA 00? f ABOUND BRUSH /1 OEdOED ->.-—S.f< HE WAS CRAZY, AN' LEFT 1 \ HIM0UT THERE - j WASH TUBBS — An Old Acquaintance —By CRANK LET'S TURN TO AN OLD ACQUAINT^ AKICE, « SWA66ERINJ6, TWO-PISTED BULLV^ »S OWE OP THE T0U6HESr SCOUNDRELS HARD AS MAlLS'NJ1'' twkte as sharp THiJAJDPE f WlniLE THE police Of TWO STATES ARE WlOOKING POR PEGGY LAKE AND+UfiOC OP WASHS AMP EASYS MONEY- . /7\t PRESENT, HE'S RATTLINC3 ARClaG in ^ A DILAPIDATED TRUCK, nOT TKm Jl HJLSS FROM SANTA MARlA FRECKLES AND HIS FRIENDS — Squaring Thing* —By BLOSSEB a- --s -V BUT, I WONT LISTEN, SON, XVE GOT A SWELL ; LET 'itXI FACE MORE SON OF MY OWN WHO THOSE MEN, BEHIND MY DOESNT KNOW IM H(S AND TRY TO PLAN THAN DAD-ID LIKE T> EARN EXPLAIN HOW 1 THE RIGHT TO HA/E I GOT AWAY ! THEN,WHEN YOU SEE j BUT,IF TtAJ AND IF THEY ■ MIG6SY, yOU CAN TEU. UET ME GO, DO, ITU. STILL HIM WHO HELPED TOU THOSE MEW PUT ME ON THE ■JO ESCAPE...EVERY BOr MIGHT DO CREDIT SIDE OF LIKES TO FEEL THAT SOMETHING i 6.t*5cto * MS DAD IS A HERO...I'M TO TOU f GOING TO SEE THAT MY KID FEELS THAT VAT -^^'‘^J^BOUT me/ CHIP COLLINS’ ADVENTURES anil ■ .. ■■ 1 I —By JACK WILHELM OwST UOCvi, HERE UJE \y* AfTteA/acA/ S^NX ... 6>UT .pr «uC> JA*'0 AAAW A OAAATC.... 0OY. wok> *e a cwy*~ 'ZZZZZl *Ltm0m /' OWkM/fTH PAROARA WV’-..._ r /. poa The o^^*CE TONIGHT. JJ (StfvW ^ yssfc— i ..... MVCOtUMSl.-COME ovrr iu G'vje Mtrae A MOMENT, N ViXMT HOO ElVE TO ASK VOO SOMETH I mG. Ml Uo TE S, Ml*. .. THEM I'MV COva<NC» APTeiKVOU. BUCK BRADFORD — On the Ides Beyond the lee —By WILLIAM RITT and CLARENCE GRAZ MASTERMAN AND SALISBURY, ALARMED AT THE DISAPPEAR ANCE OF BRICK AND THE VIKING SHIP DURING THE NIGHT, SEARCH THE BEACH I DON'T UNDERSTAND IT-BRICK THE SHIP WAS BEACHED MUST HAVE LEFT FOR SOME OVER THERE-LETS GOOD REASON/ 1— - [EXAMINE THAT SAND/ Sir " — SEE THC6E 5WIR15 IN THE SAND-THAI INDICATES A STRUGGLE f LOOK - FOOTPRINTS/ SALISBURY. I KNOW] HUGE ONE5/ Of BUT ONE PERSON WHO GOULD MAKE 1 I HOST PRINTS- I 6AMLA * jyd