The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1920-11-14
EXPORTS sHcW ENORMOUS
INCREASE

iNSh EASE
Export records for the fiscal year
ending with June 80, 1920. which have
lately been published, show the amaz-
ing total Of over S22,05O,502, and it
is natural that surprise should be ex-
pressed by those who have not looked
into the matter carefully, and do not
understand how such condition can
prevail with Europe regaining her self
sustaining ability and all foreign coun-
tries endeavorlng TO economize. The
answer is given in statement made
hg the National City Bank OF New
York which shows that imports have
not greatly increased in the last fiscal
year-but prices have The greatest
Increase shcwn was in foodstuffs, and
hare an Advance of 60 per cent was in
dicated in values. Flour and wheat,
with the price controlled by the gov
eminent during the year under co1sid-
Grafton, did not show a great di fer
ence, but practically everything else
advanced heavily from 1918 to 1919,
says the Florida Times Union.
In the report mentioned ii is inter
asting to note that the experts o. cot
ton and tobacco increased in volume
as we'll as in price, and It is also shows
that there We're slight decreases ~
the exports OF manufactured goods.
This suggests the idea that Europe's
i.dustrial problems are being solved
ard the demand for our products may
become less in the future The in
crease u the demand for cotton, ex-
ports being four hundred and fifty mil
lion pounds more in the fiscal year
1918 than il the previous year. indi-
eates 2 strong resumption of nlanufac-
turing across the waters and good de-
mand for ore of our staple products.
Cotton advanced IL price about 80 per
cent for the years average. Tobacco,
another crop in which the South is
greatly interested, was in good de-
nand in Europe and the increase for
the year was more than three hun
ircd million pounds. with 25 per cent
Increase in price.
Prohibition having destroyed the
lcme market for rye, Europe is taking
great quantities of the grain and the
exports were one hundred and fifty per
cent greater in 1919 than in 1918. Eu-
'ope is showing a stcad fast confidence
n American ham and bacon. judging
~ the export figures, and was willing
% pay great deal more for these
packing house products than in the
previous year The exports of ham
and bacon increased so per cent and
he prices probably 20 per cent.
When it is recalled that America.
sources Of supply were not much great
y in 1919 than in 1918, some reason
AN be seen for the steadily advanc;nr
prices of commodities in 1919, and the
lecline that is now apparent may
mean that the exports are also slowine
Town q bit. There must come a time
soon, when Europe will be buying 70;
speculation rather from hunger and
he need Of clothing, and then tn nor
nal will be reached in prices ;,t home
From our great abundance we viii
to send great quantities o.
,oodstuffs and raw material TO Europe
md elsewhere and the next fiscal
years report may even be more amaz
ng than that lately submitted; but
N the coming days the home need.
will be given ample supplies, and the
exporters will not be gathering quit
such a harvest as has been posaibl,
for the past year. Seven billions in
exports is abnormal FOR the times and
It will be useless to expect that ii
would be repeated.