The Richmond Virginian. (Richmond, Va.) 1910-1920, 1920-01-05
|STUPENDOUS TRADE
|OF THE UNITED STATES

Manufactures exported at the rate
of s1o.0e0,Ooo a day. foreign trade
OF $1,000. 100000 a month, and an
internal commerce of $4,000, 600, 900
for the year il the record OF the
United States in the calendar year
1919, according to an estimate by the
National City bank of New York.
Figures thus far received. covering
eleven of the twelve months OF the
calendar year, justify. says the banks
statement, an estimate OF ta.506. ooo,-
600 worth of manufactures exported
in 1919. against only $1,000, 900. 600 in
the opening year of the war. And 1t
must be remembered that this calen-
OAR year 1919 represents q period of
peace, in which the world was maxi
ing no demands for war materials
upon the manufacturers OF the United
States. Hence this tremendous in
crease In our exports in 1919, as COM
pared with 1914, cannot be consid-
cred as resulting from war demands.
as was the case in 1918 and 1917.
1t is, in fact, merely a plain, sim
pie growth in the value OF ordi-
nary manufactures exported--not thing
more, nothing less. OF the group
manufactures for further use in
manufacturing" the total for 1919
will approximate $1,000. 000,0 900, as
against cne-third of a billion in 1914,
while manufactures ready for USE
Will approximate s2,5o0. 100000. as
against two-tntrds OF a bittiun in f917.
In iron and steel manufactures OF
all kinds, the total exports Of 1919
Sr,aa ia na
against 5000, 100000 in 1914: COTTON
manufactures of all kinds, $275.000,-
5000. as against $50.0o0,000 in 1914;
and leather and manufactures thereof,
s225, 5000, 900. as against $SS,o00,U0v
in 1914.
Another evidence that the chief
growth in exports occurs in manufac-
lures appears in the fact that the
largest growth occurs In the mev0-
man0 to ron manufacturing sections
OF the world, South America, Asia,
Africa and Oceania rely chiefly upon
Europe and the United States for t.kir
manufactures. and, in fact, manufac-
lures have for many years formed
approximately so per cent of our 5Aiea
to them, and when it appears that our
1919 exports to South America will
total $3.50, 600, 600. as against less than
500, 100000 in 1914; to Africa $780,
100000. as against $25.000,000 in
1914, and to Asia and Oceanic about
1915. 100000, as against $176,000,000
in 1914, 1t is evident that the growth
in our exports OF manufactures Il
worldwide and includes practically
every class of material demanded BY
the communicating world.
AS to the growth In our imports
says the banks statement, It u equally
surprising. They will apparently total
nearly or quite S4,00O,000.000. a.
against ss.0a1.ooo.ooo last year and
$1.7s9.000.0 900 In 1914. This increase
occurs chiefly in crude manufactnr-
ing material, of which the total for
the twelve months will aggregate
$3.50 .0o0, 900, as against $ssS.000. 900
In 1914.
AS 10 the banks estimate OF an in
ternai trade OF $4,000. o0o.0 900 during
the calendar year it Is estimated. saws
the banks statement, upon the be-
lief that the outturn df our larnis.
factories. mines, forests and fisheries
in the calendar year 1919 will aggre-
gate about 100000 GOO. to which
muct, OF course. be added the $4,000
100000 worth of imports which pass
into and form q part OF the internal
commerce of the country. This esti-
htette "a Sco,vVV,VVV,VVV - Illus pdSru
upon a mere merchandising, or single
sale. OF each of the products OF the
United States. Recent figures Of the
department of agriculture justify an
estimate Of approximately 323,oo0.-
100000 as the wealth production on
farms" In the calendar year 1919.
Inquiries among those closely IA
miliar with the manufacturing indus
tries justify an estimate OF $50. 000,-
100000 as the gross valuation Of the
manufactures of the country In 1919;
while the products of the mines will
probably approximate $4,000. 900, 600.
OF forests and fisheries a couple OF
billions, and 'miscallaneous'' 81. 000,-
100000, bringing the total gross value
OF the outturn OF the United States in
1919 at above $4,000. zoo. 900.
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