Norwich bulletin., 1920-12-21
J. s. Manufacturers' High Record Year.

More than $7,000, 900, 900 worth of the | foreign commerce of the United States in | 1920 is by or on behalf of the manufact- urers of the United States as against $2,- 0O0,000,000 worth in the year preceding the war The persistent af,er-the-war growth of our manufacturing industries says statement by The National City Bany of New York. is evidenced by a close study of the record of our foreign commerce in the current year.
 During the eight months of the year for which statistics are now available they have imported $2,000, 900, 900 worth of manufacturing material, whne their ex- ports in the same period have aggregated 2 3-4 billion dollars This indicates that the imports of manufacturing material, including both raw and partly manufac- tured, will aggregate S3,000, 00o, ,000 in the full calendar year 1920 and that their exports of manufacture will aggregate and probably exceed $t000, ,000I A making the total for the calendar ytS. 1920 fully s7,00O, ,000,0 900 against less than s6,o0o, 900, 900 in 1917, the high re- cord year of the war period, and slightly more than $2,000, 000 900 in the year im- mediately preceding the war
 In both imports of manufacturing ma terial and exports of manufactures, the total for 1920, a year of peace. will ex- ceed that of the busiest year of the war, and the aggregate value of the foreign commerce conducted by or on behalf of the manufacturers of the country will ex- ceed that of the high record war year by over 20 per cent. The exports of manu- ! factures in the full calendar year 1920 will probably exceed $4000,000o0O as against slightly less than s1oo0, ,0oo, 900 1 in the calendar year 1914, while the in- portation of manufacturing material, in- cluding crude and partly manufactured, i will aggregate $S,o0O, 900, 900 as against | sS75, 100000 in 1914 The imports of manufacturing material will be three and one-half times as much as Tn 1914 and the exports of manufactures more i than four times as much as in that year. 1 This trebling of the value of the inl- ports of manufacturing material and quadrupling of the value of manufac- lures exported in the six year period | 1914-1920, suggests that the total value | of the manufactures turned out by our | factories has enormously increased during
 that period. The latest official record of ! the value of manufactures produced in 1 the United States is that of 1914, and stood at slightly less than 5000, 000.- 1 900, exclusive. of the hand trades and | neighborhood industries which probab Y
 added a couple of billion dollars. bring l
 produced in the United States in 1914 up to. fully s26000 .000, 900, while the fact
 that our manufacturers are now demand | ing three times as much in value of for
 eign material and sending abroad four
 times as much in value of their output suggests That the recent unofficial esti-
 mates of S50,00o, 900 900 as the present
 annual output of our fsctorias is probably
 not excessive This estimate is. however,
 absolutely unofficial as the off. f.cfal cen
 sus of the manufactures of the United States in the calendar year 1919 has not
 yet been tabulated in sufficient detail to
 enable the census officials to state the
 total value of the factory output of 1919.
 and they, quite naturally, decline to es-
 innate the total.
 Should this estimate of approximately
 s5o.000 100000 as the value of our manu.
 factures in 191H be sustained by the of.
 ficial figures, ir would indicate that we
 are probably producing over 40 per cent
 of the manufactures of the world. whicr are at present estimated at about S120,, g00,000. Comparatively few of the na lions of the world other than the Unitet
 States. take complete official records o their manufactures, though in many cas