The Washington times., 1915-09-03

and Oceania while imports decreased
from Europe, Asia. and Africa. In other
words. the European war is acting as
temporary protective tariff against
European and Asiatic products only.
The balance Of the world is getting the
benefit of free trade In increased Inn
ports into the United States especially
from Cuba. Argentina. and Australia.
States. under protection and free trade,
during peace and war conditions. sum-
married. from official figures OF the De-
partment of Commerce may be seen IN
the, import table given herewith.
The United States has always en-
joyed favora BILE trade balances with Eu-
rope. North America, Oceania. and At
rica. We have yet to capture south
America and Asia; which includes
'9pa1 in the ease Of and sonfh America the
balance Of trade against us Is increas-
ing. For instance. the excess OF I'M
ports from South America during the
year ended June 30, 1913 amounted am. to
sss,ia7. .166. and for the year 1915. Just
closed, 1t was 1852, 165. sos. Argentine
and other South American products
are increasing their hold in the United
States markets for farm products.
Asiatic Balance Adverse.
In the case OF Asia the balance Of
trade against us (excess Of imports) for
the fiscal year 1918 was $l6l ,43s.l57 for
the year 1914 1t was $l73,526, $40; and for
the year 1915 it was $l33 1893. The war
has temporarily checked this increase
against us
Our favorite trade balance with Eu-
rope has increased. The excess Of ex-
ports to Europe for the fiscal year 1913
was 1886, ,208, 81: for the fiscal year 1914
year 1915, due to war export orders, it
had increased to 81 1851, OF, ,5S7.
Our favorable trade balance with
North America (Which includes Cen
has greatly diminished. Our excess Of
exports to North America for the fiscal
year 1913 was $255, ,469, 354: for the fiscal
year 1914 it was $l0l .2i5, COS. and for the
Our favorable trade balances with
Oceania and Africa show slight
changes. For Oceania our excess of
exports in 1918 was s41,55s.4o4; in 1914 1t
ports in 1918 was $2,663,573; in 1914 it was
s,752.o3s, and in 1915 it was ss.56s.57o
Favorable Balance Falls Off.
The totaA favorable trade balance for
the United States diminished under
free trade peace conditions during the
year 1914 and increased under the free
trade war conditions in 1915 Thus
year 1913. under protection. amounted
| to $685., ,S75,9l5 for the fiscal year 1914,
under free trade peace conditions, it
was $40. 653, 49l, and for the fiscal year
1915. under free trade war conditions.
it was 81 ,09i 419 900.
Tho total trace OF the United States
Imports and eXports) during the fiscal
year 1913 amounted to s4,27s. .S92, SS3;
during the fiscal year 1911 1t was $4.-
25S, ,5O4 S5 and during the fiscal year
1915, just closed. 1t was A442, 1886
Europe took II per cent of our total
exports during the fiscal year 1915. un-
der war conditions as compared with
co per cent in 1918. under peace condi-
tions. Europe furnished 81 per cent of
our total imports during the fiscal year
1915, under war conditions, as compared
with 40 per cent in 1913, under peace
conditions. In our total trade imports
and exrorts) with the world during the
fiscal year 1915, under war cond tions.