Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1920-01-27

Tltlll west VI TIE "a IINGI.
following our civil WARP
Especial Correspondence to The JournaI)
New York, Jan. 26.-The for
eign commerce of our Latin Ameri-
can neighbors aggregated nearly or
quite 5000, 600, 600 in 1919 against
slightly less than 100000 900 in
1913. Their aggregate population
is nearly 100,000,000, and the area
of the Latin American countries
S,2S7,0 900 square miles,
Latin American trade during and
since the war period has shown
greater fluctuations, says a state
ment by the National City bank of
New York, than that of most other
parts of the neutral world, prior
to the war the chief exports of the
twenty countries SO designated
were coffee, cocoa, fruits, India
rubber, tin, copper, nitrates, wheat,
meats, wool and sugar. The var
cut off much of the European
markets for the coffee and cocao
and fruits and rubber and tin
while on the other hand it in
creased European as we'll as
American demands for the other
products, meats, wool, sugar, cop
per and nitrates. AS conse-
quence, the grand total of exports
of Latin America made but very
slow growth during the first half
of the war period, and the imports
during that period actually de-
clined. The total exports of the
twenty countries classed as Latin
America were in 1913 $1,503, 600,
600; in 1914, $1,552, 900, 900; in
1915, ,671,OO0,000, and in 1917,
1888, 900, 900. Then in 1918 when
the ability of Argentina, Uruagay,
southern Brazil and Chile to sup
ply meats, wool, and nitrates be-
came fully recognized, the exports
jumped to $2,37S,000,000, and in
the first year of peace, 1919, the
continued demand for meats and
wool, coupled with the great adj
vance in prices of coffee and sugar
and cocoa, brought the grand to-
tai of Latin -America exports mp
to nearly or quite SO 600, 900, 30e,
as against 1880, 100000 in the
year preceding the war.
Thus, says the banks statement,
the exports of LATIN America in the
first year following he wa, 1919,
are about double, in stated value,
those of the year Immediately pre-
ceding the war, 1918, or in otEer
words, will apparently aggregate
about $4,000, 100000 in the 2,tlen-
dar year 1919, against $500 00d,-
geo in the calendar ear 1919
I'm, orts have shown similar
fluctuatiCn, a decline in tho oprn-
ing years of the war, n slew re-
cGvery in the second Ealf Of the
war and a sharp advance in the first
years of peace, 1919. The total inn
ports of the twenty countries were
St,4O3,000,000 in 1913, then drop
ping to 100000 in 1914, and
1867 100000 in 1915, advancing to
$3.50, 100000 in 1918, with a
probability that the 1919 totals
when received will show nearly or
quite $4,000, 100000, this sharp in
crease in 1919 being due to the in.
creased purchasing power result
ing from the high prices and pop
ular demand for the coffee of Bra
iii, the sugar of Cuba, the cocoa
of Ecuador, Santo Domingo and
Brazil, and the wool and meats of
Argentina, Uruguay and Chile.
The grand total of international
trade of the twenty Latin-Ameri-
can republics, says the banks
statement, thus advanced from
about $3,000,000, 900 in 1913 to-
nearly or quite $5,000,O00.000 in
1919, the exports showing an In
crease of nearly 100 per cent in
stated value, and the imports an
increase of about so per cent;
though it is proper to add that
those increases in the grand total
of values are due in very con-
siderable degree to the higher
prices in 1919.
The United States, says the
banks statement, has Jared gem
erously at the hands of her Latin
American neighbors during this
Latin Americans were, as a great
group, taking only about 23 per
cent of their total imports from the
United States, while in 1919 they
took from us, as nearly as can now
be estimated, As per cent OF thelr
greatly increased imports Their
aggregate imports advanced from
$f,400, 100000 in 1913 to about
50, 900, 100000 in 1919. Our total
exports to Latin America in the
fiscal year 1914, all of which pre-
coded the war, were $2S2,000,0 1000,
and in the calendar year 1919 APP
proximately $930,000,000. They
increased their imports about
$500, 600, 900, while our exports to
them increased about $650,000,000
in tba Snp,a parin6