The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-04-29
EXPECT RECORD IN
U. S. FOREIGN TRADE
National City Bank Estimates
Rise to Ten Billions for
Year Ending June 80.
GAIN HAS BEEN IN VALUES
Imports for Fiscal Year 1919
to Go to Three Billions, Says
Banks Forecast.
GAIN HAS BEEN IN VALUES

Based on official figures for the nine
months ended on March 81. the foreign
trade Of the United States, as estimated
by the National City Bank OF New York,
will Approximate 10000. 900. 900 for the
year which will end on June 80. The
rise is due, the bank says. more to an
expansion in value than to an increase
In quantities, although there has been
some expansion in quantity. Nineteen
years ago the total foreign trade was
only $2.3<4.000,000 nine years ago s3.-
800, 100000; ak years ago S4,279.000.-
600: three years ago. with the stimulus
Of war. $6.531 100000: two years ago
SS,949, 900, 900, and now the approximate
estimate Is S9,S75, 900. 900, or with the
inclusion Of Hawaii and Porto Rico in
excess Of $4,000. 100000.
THE changes in our foreign trade
during the war;" the bank says. shave
been kaleidoscope. Imports of the ifs
cal year 1919 seem likely to approx
mate $4,000, 900. 900, an increase of
about sc per cent. over those OF the
year Immediately preceding the wan
and exports will approximate $3.50.
100000 an increase OF about 1S5 per
cent. these estimates for tho import and
export trade of 1919 being based upon
official figures for the nine months ended
with March,
still more startling are the changes
In the trade with the various sections OF
the world. Imports from Europe show =
fall Of about so per cent. while exports
to Europe show an increase OF nearly
200 per cent. Merchandise from Europe
prior to the war formed about so per
cent Of the total imports Of the country
and thus far in 1919 form but about IL
per cent. of the total imports
Exports to Europe. which in the year
before the war formed SO per cent Of
the total. are thus far in 1919 also about
SO per cent OF the total, indicating that.
despite the great increase in our sales
to Europe, the percentage Of gain IN ex-
ports to other parts Of the world has
been equally great. To Europe in the
fiscal year 1919 tho exports will show
an increase Of about 200 per cent over
those Of 1914, to North America about
/ so per cent, to South America about 2f6
per cent. and to Asia about $50 per
cent. Imports from Europe show a fall
of about so per cent, those from North
America an increase of about $50 per
cent, from South America a gain OF
about $50 per cent and from Asia and
Oceanioa an increase OF nearly 200 per
cent Total trade with South America,
including both imports and exports,
hIuouHtcu 10 SoSopUUUsVVV 1910
will apparently total nearly 81. 000, 00o,-
900 in 1919, and that with Asia and
Oceanica, which was little more than
$500. 100000 in 1914, will approximate
1880. o00. 900 in 1919.
Equally striking are the changes in
| the classes of material forming the ex-
! ports. Manufactures exported. includ-
( ing in this term both those for further
use In manufacturing and those ready
fnr DIV Nd l..
| the fiscal year 1914 to s4,134,0oO.-
900 in 1917. then dropped to $685.
100000 in 1918 and will approximate
| 1880, 100000 in 1919. FoodstRrs of
| which the total exports in 1914
amounted to s4a0.T13.oOO, advanced to
ss61.e6o, 900 in 1915. s1.2ss.e91 900 Ia
1917. s1.26s.6s1 900 In 1917. s1.5es.sso.
| 900 in 1918 and seem likely to approx
mate $4,000, 900 in the fiscal year
1919 or practically Ave times as much
in stated value In 1919 as In 1914
while manufactures exported In 1919 will
| be slightly more than three times In
value those of the year preceding the
war Manufacturing material exported
shows a less change. having been In
1914 s792,716.oo0. in 1918 sse7.3es.ooo
and In 1919 will apparently approximate
I.120. 600. 900.
| Imports show less striking change
in the various groups OF articles than
| do exports Manufacturing material
imported advances from $633.oo0, 900 In
1917 to 1927, 900. 600 in 1918 and seems
likely TO be about $1,000. 900, 900 in 1919.
Manufactures imported, which amounted
TO s76S.5s3,000 in 1914, were ss43.7so.-
600 in 1918, and will probably exceed
$1,000, 100000 in 1919. while foodstuffs
imported, which aggregated s475.5sa,o0O
in 1914, seem likely TO be about $500.
| 600, 900 In 1919"