Republican farmer., 1920-08-06
FOREIGN TRADE MUCH INCREASED
 DURING YEAR

 plete figures of the total trade of the United States in the fiscal year 1920. to compare the trade of the first fiscal year following the war with that of the last fiscal year preceding the war; These figures, says The National City Bank of New York. which presents this analysis of the foreign trade at the present time, compared with that of the fiscal year 1914, which ended just before the outbreak of the war, indicate tremendous gains, though it must be remembered that in nearly all cases a considerable part of the gains are due to higher prices. In practically all instances, however, there is a large advance in the quan- tity of the merchandise both import ed and exported.
 Imports as whole, adds the banks S statement. which stand at $5,259,0 ,000,- 900 for the fiscal year 1920, show an increase of TIT per cent. over the fis- cal year 1914. when they were s1,- S94, 100000. Exports, which standsat sS,111. 100000, show an increase of 24s per cent. over 1914. when they stood at s2.365,0o0, 900. Of fsdomestic exports only, excluding the foreign
 
 stands in 1920 at $7,95O, 100000, or 241 over 1914, when the total was s2,530, 100000. Re-eXportation of foreign merchandise shows large gains, the total for 1920 standing at o,ooo,ooo against s35.ooo.oo0 in 1914.
 Manufacturing material showed the largest increase on the import side, and food and manufactures the big increases on the export side. The value of the raw manufacturing ma 'teria1 imported jumped from $634.- 900 in 1904 to s2,160, 100000 in 1920, an increase of 241 per cent. This in crease occurred in many lines of ar ticles, but especially in India rubber, raw silk, raw cotton. wool. hides and skins, and tin. Of the 10 principal manufacturing articles imported of a character which can be reduced to a uniform basis of pounds. namely. cot ton, wool. silk, f1bers. rubber, hides and skins, tobacco, tin copper and gums, the quantity measured in pounds, increased little less than 50 per cent. when comparing the 1920 imports with those of 1914, while the total value of the same articles in creased to a much greater extent. These increases in manufacturing material are in many cases extremely large, and Illustrative of the great ac- tivity of the manufacturing industries of the country. Raw cotton, for ex- ample, imported in 1920 shows a total of slightly more than $40 million pounds against 123 million pounds in 1914; wool shows a total for 1920 o1 approximately APO million pounds against 23S million in 1914, and raw silk, despite the very high prices o1 1920, which are three times as much as in 1914, aggregated in the fsca, year 1920, 4e million pounds. stated 1 in round terms, against 29 million ir l 1914, while the unexampled demand l of the people of the United States for silk and silk goods are evidencd by l the fact that the sum paid for raw silk imported in 1920 was in round | terms s4so,O0O,ooo against s9S,o0o,- 900 in 1914.
 Of India rubber the increase ir l quantity was qually startling the i total quantity imported in the fisca year 1920 having been consid erablJ l over 500 million pounds against 13: 1 million in 1914, this increase beins 1 largely due to the demand for use il | conjunction with the automobile in | dustry, though it is proper to add tha l exports of rubber manufactures grew 1 from SIP 2000,000 in 1914 to approxi mately $70,000,0OO in 1920. Hide 1 and skins also show tremendous in crease in our demand upon foreig1 1 countries. the quantity imported il l the fiscal year 1920 amounting t. l about 800 million pounds against onl. 5s1 million in 1914. while the value o the 1920 imports of this class was il round terms s375, 100000 agains o,O00.00o in 1914. On the export side the startlin changes occur in manufactures am | foodstuffs. Manufactures ready fo use show a total of exports amountin to approximately s2,s5O,000 00 against s725,ooo,o 900 in 1914. bein! nearly four times as much in value i
 1920 as in the year before the war. T what xtent this enormous increase due to higher prices cannot be closet determined. though a com parison c the export figures of 1920 with thos of 1914 show very large increases |
 quantities in all of the important ar ticles in which quantities are show
 in the oficitl reports of exports Cot
 ton cloths, for example, show tots
 of about S75 million yards exporte
 against 415 million in 1914; t1 plates 45o million pounds against 10
 million in 1914; sheets and plates c iron and steel 2,300, 0,o00,ooo pound , 1 against S34 million in 1914, and boot , and shoes 20 million pairs in 192 against 9.9o0.00O pairs in 1914 Food
 stuffs also show very large increase
 in total values of exports, advancln