The Portland daily press., 1898-07-22
OUR FOREIGN TRADE.
The American Invasion of the Markets of
the World.

Washington, July 12.-The remarkable
advance of the United States into the
markets of the world is presented in a
publication just issued from the bureau
of foreign commerce, department of
state, under the direction of Frederick
Emery.
While presenting elaborate statistics
and data the subject is also treated broad
ly to bring out the general significance OF
this trade development, which Mr.. Emery
refers to as "An American invasion of
the markets of the world.''
In his introduction MIR. Emery says:
''The UnitedStates is no longer the gran
airy of the world merely. While its ex-
port Of agricultural products has in
past year, its sales abroad of manu-
featured goods have continued to extend
with "a facility and promptitude of results
which have excited the serious concern of
countries that for generations has not
only controlled their markets, but had
practically controlled certain lines of
trade in other lands When we consider
that this result has been reached with
comparative ease, in spite of added i'm
pedinents to the United States exports in
the form of determinations of various
kinds, Observation-Disclosures organized
effort to reach foreign markets for our
manufactures is as yet in its infancy, the
ability of the United States to compete
successfully with the most advanced in
dustrial nations in any part of the world,
as we'll as those nations In other home
markets, can no longer be seriously CUES.
toned
The attention which foreign govern
ments have given to the rapid increase of
American trade is discussed as follows ::
Sin view of what may be termed an
American invasion of the markets of the
world, the attitude of the leading COM
mercial nations toward each other and
the relation which their industrial
activity and trade interests bear to the
United States, become matter of practi-
cal concern. The more important Incl
dents of the past year in foreign
diplomacy have therefore significance
for us which might not have attached to
them in the absence of concerted efforts
to extend the sale of our goods. China
has for some years been one of the most
promising fields for American enterprise,
industry and capital and the entrance of
the vast empire upon the path Of western
developments under conditions which
will secure equality of opportunity to the
United States will doubtless result in i'm
mense gain to our manufacturers
The solution of the problem of the
future commercial conditions of the
Chinese empire, has, therefore. an imme.
date and most important relation to the
EXPANSION of our export trade, and
especially that of our Pacific coast The
PARTITION of Africa among the European
powers offers conditions Of an economic
character OF almost equal magnitude,
while the plans Of the more active COM
mercial nations for increasing their re-
spective shares of the trade of the Latin
American markets affected US even more
seriously in the development of our com-
mercial intercourse with the southern
half of the western hemisphere. The in
ternational isolation of the United States
SO far as industry ana commercial COM
MERGE are concerned has, N fact, been
made thing of the past by the logic of
the change in our economic requirements
and we can no longer afford TO ignore In
ternational rivalry; now that we ourselves
becoue a competitor in the worldwide
struggle for trade