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FAVORABLE TRADE BALANCE WASHINGTON D C July 25 The United States rolled up a favorable trade balance of 320864000 during the first six months of the year the commerce depart ¬ ment reported today Exports from Janu ¬ ary to June were valued at 1415247000 and imports 1094563000 This years export surplus was approximately 50 per cent small ¬ er than that for the same period in 1938 when a favorable trade margin of 629833 000 was recorded