The sun. [volume] (New York [N.Y.]) 1916-1920, 1918-11-06
u. s. REEXPORTS TO
REACH S1OO,0O0,OOO
National City Bank Predicts
Gain Of $4,000, 900 Over
Last Year.

The United States Is likely to become
a world clearing house for merchandise
after the war. according to a statement
issued Monday by tho foreign trade
department Of the National City Bank.
which estimates that the merchandise
reexported in the current year will total
800, 900, 900, as contrasted with s64. 000.-
900 In, 1917. s6o,ooo.ooo In 1915 and $751;
100000 in 1913, the year prior to the
war.
Up to tho war period the growth In
reexportation of foreign merchandise
had been slow. the total value Of foreign
merchandise reexported from the United
States having been s1o.000.o0o In 1879.
sls.ooo.ooo in 1889. s22.ooo,ooo in 1899.
s27 900, 900 in 1909 and $4,000. 900 in
1919, Then began the rapid advance.
and In 1918 the total will approximate
and perhaps cross the 800. 100000 line.
The total for the nine months ending
With September, 1918. is s11.6s4.49e.
against s43,4o5,445 in the same months
o. 1917.
FoodstuTs and manufacturing ma
,rials are the chief articles In which
chs increase in reexporta.lon OF foreign
merchandise occurs. Rice. corn, wheat,
tobacco. fruits. fish, fresh beef. tea.
beana and peas show a large increase In
reexportation. So have also certain
manufacturing materials. especially sisal.
leaf tobacco. raw silk and pig iron. or
rice chiefly from Japan the quantity re-
exported in the seven months OF 1918
was sc. 200. 900 pounds. valued at $685.
900. against 14.272,000 pounds. valued
at 1906, 900. In the corresponding period
Of 1914. all of which preceded the war.
Tapioca, brought largely from the
Latin American countries, shows ire
mendous increase in reexportation. the
figures for the seven months Of 1915
being s1.s17.00o. against 100000 In the
corresponding months of 1914.
Cocoanut meat or copra brought chiefly
from the Philippines and other Pacific
| islands, showed a total Of 2S2.0V pounds
In the seven months OF 1913, against
| only 100 pounds In the corresponding
months Of 1914. Fish reexported in the
seven months Of 1918 aggregated $1,l70.-
900 in value. against sl6s.000 in the
corresponding months of 1914.
In manufacturing material there are
a few articles showing increases, but in
q very large proportion OF cases the re-
expectation in 1918 Is materially less
IMAM Inat OF 1919, tnlS DelnB que OF
course TO the very large demands Of
manufacturers here for manufacturing
materials. OF wool the reexportation In
the seven months OF 1918 is but 477.00O
pounds. against a.4s9. 900 in the same
months of 1918. while Of tin the guam
tity reexported in the seven months of
1918 is but $4,000 pounds. against L.
61s, 900 pounds in the same months of
1914. Raw silk. chiefly from Japan,
shows a material increase in 1918 when
compared with 1914 both in quantity
and value. the stated value OF raw silk
exported in the seven months OF 1918
being s2.537. 900. against $35s. 900 In the
same months of last year In India rub
Der there Is a marked increase. the to-
tai reexported in the seven months OF
1918 being $4,000 pounds, against o.
$4,000 pounds in the same months OF
1914, while of hides the total quantity
reexported in the seven months Of 1918
was 4.422.ooo pounds. against 1901. 900
pounds in the corresponding months Of
1914.
Coffee and coca. chiefly from Latin
America, show n marked increase In the
quantity reexported. the total quantity
OF foreign coffee exported In the seven
months OF 1918 having been 25,6e3,o00
pounds, against 5.133.000 in the same
months OF 1914, and of cocoa 7.lSS,000
pounds, against 100000 in the same
months of 1914.