The Bridgeport times and evening farmer., 1920-03-20
UNITED STATES
 LARGE EXPORTER
 OF ITS PRODUCTS

The United States is still leading the world as an exporter of manufac- lures. The total value of manufac- lures exported from this country in the calendar year 1919 was s3,846,- 000,00o.
 This figure of s3,4Ss, ,0oe,oo worth of manufactures exported in 1919, says 8 statement by The National City Bank of New York, leaves the United States still clearly in the lead as an exporter of manufactures. In the year preceding the war, (1913) our exportation of manufactures amounted to $1,117, 7,000,000, and in 1919. the first full peace year fol- lowing the war. $3,4S6, 100000, or three times as much in value in 1919 as in 1913.
 This phenomenaI1y large total of manufactures exported in the first peace year, $3,4S6, 6,o00,00o, keeps us says the Banks statement, at the head of the ilst of worlds exporters of manufactures. Prior to the war the United States ranked third among the list of nations exporting manu- factures. Great Britain being first. Germany a close second, and the United States third, with France a close fourth.
 With the beginning of the war the outflow of manufactures from the European countries was g1 eatly re- duced. Germany, of course. was cut off absolutely from the world mar ksts, and the manufactures of Great Britain and France found it neees- sary to turn their attention especially to the requirements of the home market This left the United States the chief manufacturing country upon which the Allies could cali for military supplies, or upon which the non manufacturing world, Asia, Africa, Oceania, South America, and North America outside of the United States, could draw for their daily re- quirements of manufactures.
 As a consequence there came an enormous increase in the exports of manufactures from the United States which jumped from S1,117, ,00G,0O0 in 1913, the last year prior to the war, to $3.496,0 1000 in the first peace year following the war. This phe- nomenal increase in our own exports coupled with the decline in. the ex- ports of our former rivals has placed 1 us clearly in the lead among the 1 worlds exporters of manufactures 1 for of course, none of our former f rivals, except possibly Great Britain
 has made any considerable progress | in the re-establishment of their ex- 1 portations of manufactures.
 1 The only country in which the ex. 1 ports of manufactures in 1919 ap.
 proximate those of the United States
 says the Banks statement is Grea: Britain, whose official figures show
 total exports of all domestic product
 in the full year (if based upon tht l normal valuation of the pound sterl
 ing) $5,S93, 100000, and of ''article | wholly or manly manufactured $3, | 075, 100000 as against our own tota l of $3,4S6.0 100000 of wholly or main ly manufactured articles in the sam period.
 Of course it is not assumed say
 the Banks statement, that the 1arg ] increase in value of our exports o
 manufactures in 1919 over that o
 1913 means a corresponding increas in quantities sent out of the country
 for doubtless the average valuation o ) ! the articles exported is fully doubl that of the pre-war period, but a : this condition would also apply i the figures of other countries it seem apparent that the United States sti stands at the head of the worlds ex 5 porters of manufactures, though tn
 rapid gains made by Great Britain 1919 indicate that a maintenance ( l our present rank will require clos
 attention to this line of foreign trad by the manufactures and exporters (
 fH1N T-s