The Bridgeport times and evening farmer., 1920-01-09
UNITED STATES TRADE DURING
 YEAR OF 1918
Our 1919 Trade-Foreign and
 Domestic,

Domestic.
 Manufactures expected at the rate of $1o,o00,o00 a. day, a foreign trade of $1.0o0,0o0.0o0 a month, and an in ternal commerce of ss5.0oo, 900. 900 for the year Is the record of the Unit ed in the calendar year 1919, accord ing to an estimate by The National City Bank of New York.
 Figures thus far received, covering II of the 12 months of the calendar year, justify, says the banks state ment, an estimate of s3,50o, 900, 900 worth of manufactures exported in 1919 against only 100000 in the opening year of the war. And it must be remembered that this calen- dar year 1919 represents a period of peace, in which the world was mak- ing no demands for war materials upon the manufacturers of the Unit. ed States. Hence this tremendous increase in our exports in 1919, as compared with 1914, can not be con sidered as resulting from war de- mands as was the case in 1918 and 1917. It Is in fact merely a plain, simple growth in the value of ordi- nary manufactures exported-noth- ing more, nothing less. Of the group manufactures ready for use in man ufacturing'', the total for 1919 will approximate $1,000,000,0 as against one-thtrd of billion in 1914, while manufactures ready for use'' will approximate s2,5o0,000,000 as against two-thirds of a billion in 1914. In iron and steel manufactures of all kinds, the total exports of 1919 will approximate 31,00o,000,o0o as against $2oo,ooo,ooo in 1914; cotton manu- factures of all kinds $275,0o0,o00 as against $5o,o0o,00o in 1914; and leather manufactures thereof $225,- 000,000 as against $6S,0Oo,000 in 1914.
 Another evidence that the chief growth in exports occurs in manu- features appears in the fact that the largest growth occurs in the move ments to non-manufacturfng sections of the world. South America, Asia, Africa, and Oceania rely chiefly up- on Europe and the United States for their manufactures. and, in fact man ufactures have for many years form ed approximately 80 per cent of our sales to them, and when 1t appears that our 1919 exports to South America will total 50,0o0,oo0 as against less than s100,00O,O0o in 1914; to Africa 90,00o,0O0 as against $25,o00,ooo in 1914; and to Asia and Oceania about ss75, 100000 as against $175, ,000,00o in 1914, it is evident that the growth in our exports of manu- factures Is worldwide and includes practically every class of material de- manded by the n-manufacturing world.
 As to the growth in our imports says the banks statement, it is equal ly surprising. They will apparently total nearly or quite $4,00O,00O,O00 as against ss,o31, 100000 as against s3,- 1 031, 100000 last year and $1,789, ,00O,- 900 in 1914. This increase occurs chiefly in crude manufacturing ma terial, of which the total for the 12 l months will aggregate $1,65O,oOOOOO | as against s.O0o.0O0 in 1914. As to the banks estimate of an in- ternal trade of $s5, 100000 during l the calendar year; it is estimated says the banks statement, upon the | out-turn of our farms, factories I mines, forests, and fisheries in the | calendar year 1919 will aggregate | about S0,000,000,0oO,- to which must of course, be added the s4,0O0,00O,- 1 900 worth of imports which pass into and form part of the internal com merce of the country.
 This estimate of Ss5, ,000, 100000 is l thus based upon a mere once-hand- ilnS, or SlnSle sale, or each Of the l products of the United States. Recent i figures of the Department of Agri. | culture justify an estimate of ap. proximately 23,000,O00,O00 as the
 wealth production on farms in the 1 calendar year 1919.
 Inquiries among those closely ia. miltar with the manufacturing in. | dustries justify an estimate of $50, 900, 100000 as the gross valuation O. | the manufactures of the country il 1919; while the products of the mines
 will probably approximately $4,0oO,
 000,00o, of forests and fisheries couple of billions, and "'msicellan
 eous" $1,0oo,o 100000, bringing tn,
 total gross value of the out-turn O
 the United States in 1919 at abov,
 sS1 ,00o, 1000. If to this we add tn,
 s4,000, 100000 worth of imports, tn,
 grand total of merchandise enterin.
 commerce, stated values at the place
 of production would be S85,O0O,OO0,
 900, counting only single trans
 action in the merchandise in ques
 ton, and at retail prices would cer
 tain1y exceed s10o,000, 100000, stil II counting only one sale of each articl,