The Bridgeport evening farmer., 1916-11-01
World of Finance
TRADE WITH WORLD
COLONIES AND ISLANDS
:. INCREASED BY THE WAR.

: Exports of automobiles to Iceland
are a striking feature of this month s
trade at the Port Of New York. A
compilation by the Foreign Trade
Department Of the National City Bank
of New York shows in a single week
Of the current month exports to Ice
4 land Of nearly $4,000 worth Of auto
mobiles and parts thereof, while the
fact that the value Of parts equals
that of finished machines suggests
that the number of automobiles In
Iceland is probably greater than
would be supposed. The entire area
Of Iceland Is but 10000 miles or
about equal to the state Of Kentucky.
and large proportion is by reason
OF climatic conditions absolutely I'M
tnha1bitable and roadless. Yet, its
pcpulation OF $4,000 took from the
United States in the fiscal year 1915
over a quarter of a million dollars
worth Of merchandise against $4,000
tn eyear before the beginning of the
war. For the single month Of Aug
ust the total was $4,000 against but
$4,000 in the same month two years
ago. Ordinarily 1t takes most Of Its
imports Of about $1,600,000 from the
mother country, Denmark.
This large increase in Iceland's inn
ports from the United States is doubt-
less due to the difficulty which it has
encountered in obtaining merchan-
disc from the mother country in the
period since the beginning Of the war,
and the interruption Of ocean traffic in
that section of the Atlantic over
which ships pass in carrying the
trade between Denmark and its little
3ce-bound colony.
The same ship which carried the
5000 worth Of automobiles and parts
to Iceland during the current month
took also $50, 200 worth Of flour. S.
600 OF oatmeal, $500 Of cornmeal.
l$3,6 worth Of rice, $4,000 worth of
cotton. $4,000 worth Of cotton cloths,
$500 cotton wearing apparel. and
smaller quantities OF coffee, chocolate.
1 candies, brushes, buttons and a great
varaety OF foodstufrs and manufac-
lures going to make up the wants
.Of q colony Of this character which
as dependent entirely upon other
parts OF the world for its ma.nufac
lures and most of its foodstuffs. Elk
ports Of automobiles in limited num-
beers to iceland have occurred during
the last several years
The number OF articles forming the
trade between the United States and
Iceland are, on our export side, food
and manufactures. and on the import
side, wool and fish. In 1915 we sent
to Iceland 2ss, 10000 pounds Of oat-
meal. 10000 pounds Of rice, $4,000
barrels of wheat-fiour. $4,000 bushels
OF oats, and $4,000 gallons Of ilfum-
mating oil. From Iceland we took
in exchange $4,000 pounds Of her
ring, 307 900 pounds Of clothing wool,
and $4,000 pounds Of carpet wool. In
the fiscal year just ended the quanti-
&yty OF merchandise in the trade with
iceland has greatly increased, es-
pecially on the export side, the ex-
ports to that Island having been in
1916 $251.447 against $1S3,140 in
1918 and $15.855 in 1914, the year
Immediately preceding the war;
This increase in the demands Of
Iceland efor United States merchan-
disc Is illustrative Of conditions in
many other parts Of the world which
have found difficulty in obtaining their
merchandise from the usual source,
Europe, by reason of the war, and
are thus turning to the United States
This is true Of British South Africa.
which increased it's imports of our
products nearly so per cent, while
to British East Africa the exports of
1916 were five times as great as in
1914, to New Zealand double those Of
= 1914, to the British East Indies as a
whole in 1916, 60 per cent. more in
value than in 1914, to Egypt four
times the normal, to the Dutch East
Indies three times as much as last
year. to Morocco four times as much,
and to Madagascar 10 times as much
as in the year before the war, while
to Italian Africa, Dutch and French
West indies the exports have greatly
increased From Greenland the i'm
ports, chiefly kryolite OF which Green
land is the worlds principal source
of supply, have doubled since the
beginning Of the war.