New Britain herald., 1919-05-27
MANUFACTURERS
 INCREASE EXPORTS
Are Now Three Times as Much as
 Before the War

New York, May 27.-Exports of manufactures from the United States slnce the termination of the war con- tnued to run at about three times as much as in the pre-War years. The value of manufactures exported since the signing of the arm iStice are run nlng at the rate Ot more than S3,O0O,- 100000 a year as against an annual average of about 5 900, 100000 a year prior to the war
 Manufactures exported from the United States in Novem Der, 1916, the first month following the armistice, amounted to $272,000,000: in Decem- Der, s229, ,000; in January, $281,- 900, ,0O0: in February, S250, ,00O,000; in March, 239,000,OO0, an average since the clCSe of the war of $264,000,00 per month, or at the rate of $3,168,- 100000 per annum as against an aver age of little more than $1.000, 900, 900 per annum prior to the war. These hgures suggest that the large gains in eXportation of manufactures which characterized the war years were by no means exclusively due to the de mands for war requirem ents, but that on the contrary the growth in expor- tation of manufactures was largely due to other causes
 The on-manufacturing areas ot tse world, which were accustomed in the past to rely upon Europe for their manufactures, have, according to a statement by the National City bank Of New York. turned to the United States for manufactures during the war period and seem likely to con- tinue their demands upon our manu- facturerS. Europe, the great manu- featuring section of the world aside from the United States, has had little to spare in manufactures during the war period as is illustrated by the fact that our own imports from Europe most of which were manufactures have faIlef to about one-third that prior to the war. although there were plenty of ships which carried food stuffs and war material to Europe of- ferlng cargo space on the return trips but receiving little cargo, since the manufacturers of Europe were otherwise occupied. The other sec tions of the world, says the banks statement, which were more accus- toned than even the United States to draw manufactures from Europe, Asia, Africa, Oceania and Latin America, had similar experiences
 They could get no manufactures from Europe and so turned to the United States, as is evidenced by the fact that our eXportations to them have practically trebled. During the nine months ending with March, 1919. the exports, to Asia were S4120OO,- 900 as against s91,000,000 in the corresponding months of 1914 all of which imm ediately preceded the war; to Oceania, $154 ,0O0 as against S63. 900 in the same months of 1914: to Latin America s606, 900, 900 as against $222, 100000 in the corre- spending months of 1914 to Africa, S6l,0Oo,O00 as against $21000,000 in the corresponding period of 1914
 Thus to these four great non-man- ufacturins areas, formerly accus- toned to draw their manufactu chiefly from Europe, Asia, Africa, Oceania and Latin -America-our ex- ports in the nine months ending with March. 1919, aggregated s1,2s3,Oo0,- 900 as against s39S,o0o,o0o in the nine months ending with March 1914. And when it is remem bered that manufa ctures formed approNi- mateiy so per cent of the merchandise passing from United States to these four great areas. it will be seen that the trem endous growth in exports to them occurs chiefly in manufacturing. The total exports to these four great areas were, in the nine months end ing with March, 1919. more than three times as great in value as in the corresponding months of 1914, while the total value of manufa cures exported in the 1919 period is near ly three times as much as in the corresponding period of 1914, sug- gesting that the relative growth in the movements of manufactures to the areas in, question is somewhat greater than in those to the other sections of the world. namely. Eu- rope and that part of North Ameri- not included in the term Latin Am erica
 While part of this large increase in total value of manufactu ex- ported is due to higher prices & close examination of the export record of quantities exported indicates that a considerable share of the increase is due to increase in quantities.