The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1920-10-04
ROUND NUMBERS SHOW
A REMA RKAbLE GROWTH
OF j. S. FOREIGN TRADE

New York, Oct. 4-The foreign
trade of the United States in the
calendar year 1890 ,ill approximate
sl4OOO,OOO COO against 1900 900 600
in 1919, S9,0OO,OCOOOO in 1918 and
1917, slightly less than $1,000 ,0OO, 600,
in 1916. a little more than $1,000,
900 600 in 1915 and s4277 100000 in
1913, the calendar year Immediately
preceding the war these figures be-
ing in very round terms.
The expectation, says the National
City Bank of New York in discussing
this wonderful growth Of United
States foreign commerce down to the
present moment. that We should wit
ness fan off, in our foreign trade
after the termination Of the war has
not been realized. Both imports
and exports continue to grow, and the
total on both sides OF the ledger viii
be bigger in the calendar year 1920
than in any year since the beginning
of the war and several times as muclf
as in any year prior to the war The
biggest imports in any calendar year
prior to the war were a little less
than $4,000 600 900, and will total So
600 600 600 in the calendar year 1920.
while exports which never exceeded
2h billion dollars prior to the war
will be over $4,000 900 900 in 1920.
In certain details, however, the trade
record during and since the war
shows remarkable changes. We have
become large Importers Of certain
manufacturing materials and very
large exporters of manufacturers. We
have also increased greatly our i'm
portations Of certain foodstuffs. but
on the other hand, have greatly re-
duced our exports Of food: though
in that other agricultural product.
manufacturing material. our exports
show material Increases The i'm
ports. big as theyg are, are about
equally divided between the three
great groups. food, manufacturing
material. and manufacturers, while
on the export side, food forms
about one-fourth Of the total, manu-
featuring material another fourth.
and manufactures one-half Of the
grand total
Speaking in very round terms. it
may be safely asserted. continued the
banks statement, that manufacturing
material imported in the calendar
year 1920, will be little over 81 0OO,-
600 900 as against 5000 900 900 in the
year prior to the war; foodstuffs ap-
proximately $1,000 600 900 as against
$42O, 900 900 in 1915 and manufactures
a little less than 81 900 100000 against
$3.50 900. 900 in. 1913. On the export
side manufacturing material exported
will approximate in the calendar year
1920. $4,000, 100000 against $4,000. 900
in 1913. foodstuffs about $4,000 900 600
against s5OO,OOO,OOO in 1913; and
manufactures over $4,000, 900. 900 as
against s1.176,OOO In 1913.
The chief changes in the character
OF our commerce during and since the
war period have been. on the i'm
port side our increasing dependence
upon the tropics for food and manu-
featuring material, and on the ex-
port side a tremendous increase in
exports Of manufactures. but a mark
ed fall off in foodstuffs exported.
The value of manufactures exported
in 1920 will be- as already indicated,
about four times as much as in the
year prior to the war. Their dis
tribution is absolutely world wide ap-
proxinately so per cent OF our ex-
ports 10 Latin America. Asia. Africa
and Oceana consisting Of manufac-
lures. over 80 per cent Of the total
exports of the year being, as above
Indicated. manufacturers. while food
stuffs. especially meats, show a tre-
mendous fall off On the import side,
foodstuffs show very large increase,
especially in sugar. coffee. cocoa,
fruits and nuts, and vegetable oils,
while manufacturing material shows
an equally large gain. especially in
raw silk. raw cotton. hides and
skins. and fibers. though these in
creases are due in part to unusually
high prices,
The favorable trade balance"-ex-
cess Of exports over imports-will be
smaller in 1920 than in any year since
1915. and will probably approximate
80 900 900 900 as against $4,000, 900, 900
in the calendar year 1919, and lit
tie over $4,000, ,0OO.O 900 in 1913, 1917,
and 1916 respectively.
Chicago.-Chief OF Police Garrity
began investigation Of reports that