The Washington herald., 1921-06-27
INCREASE Seen in
IMPORTATION Of
MANUFACTURES
Value Will Net $750,000,-
0O0,. as Against $745,-
100000 Last Year.
CRUDE GOODS DROP
Foodstuffs Suffer $50, 900, 900
Loss; Total Will Approx
mate Billion Dollars.
CRUDE GOODS DROP

Importers of manufactures are
the only American patrons Of for
eign producers who are omitting to
cut down their imports in the rs
cal year 1921. Manufacturing ma
terial imported in crude condition,
says a statement by The National
City Bank of New York. is in this
fiscal year less than half in value
that of 1920. manufactures for use
in manufacturing also show slow
down and so do foodstuffs in crude
condition, but manufactures ready
for use and foodstuffs in manufac-
tured condition show increases.
The total value of manufacturing
material imported in the fiscal year
1921, which ends with the current
month, will be but a trifle over
81, 900, 900, 900 against s2,l42. 100000
in the Immediately preceding fiscal
year, and will be less in value than
in 1919. 1918, or 1917. Manufac-
tured articles for further use in
manufacturing will be but about
$40. 000. 900 against SS0l 100000 in
1920. Foodstuffs in crude condition
will be but about Si60,000. 900
against s422 100000 in the i'm
mediately preceding year. II is in
the manufactures ready for use and
in manufactured foodstuffs that the
importers have increased their TAX
ings from abroad in 1921 as COM
pared with 1920.
Finished Goods Imports.
To what extent this increase in
importation OF finished manufac-
lures as against a reduction in i'm
ports of raw materials is due to
prospective change in tariff cannot
of course be determined, through
the general understanding, which
has prevailed ever since the Presi-
dential election of 1929. that new
and higher tariff law would be en-
acted. may probably have led many
importers to lay in stocks OF
standard manufactures, while they
could bring them in at the low
tariff which has prevailed during
the past several years. The value
OF finished manufactures imported
in the year which ends with the
current month will be about $780,
OOO.0 as against $745.00o,OoO in
1920. while in all the other groups
of articles there is a tremendous
fall off. the fall being in raw ma
terial over one-half as compared
with the Immediately preceding
year and when it is remembered
that prices at which merchandise is
now being imported are far be-
low those of a year ago, IL makes
il quite apparent that the slight
increase in value of finished manu-
factures imported means in many
instances large increase in
quantity.
The principal articles forming the
groups manufactures ready for
use" and manufactured food
stuffs." which are the only groups
showing an increase over the pre-
ceding year, are cotton, woolen.
and silk goods. manufactures of
fibres, art works. printing paper,
clocks and watches. vegetable oils,
printing and other paper. gloves
and other manufactures of leather
manufactures of wood, cigars and
cigarettes. sugar. and meats. Cot
ton manufactures, of which the i'm
ports in 1920 were $ll2.OO0.0O0.
show in the 1921 period for which
figures are available, slightly
larger total than in 1920: woolen
manufactures, in which the imports
of 1920 were $4,000. 900, show an
increase of s20.000,00O in the 1871
figures as compared with those oil
1920: manufactures of fibres, whlch
totaled l41.OOO,OOO in 1920, show a
decline of about Sl0-OoO.00O in the
1921 figures; manufactures of SILK
show a fall off of over S3O.OOO,OOO
in the 1921 total; sugar. partly
manufactured article, shows an in
crease of s175.OoO,O0O in 1921 when
compared with 1920; while the
group chemicals, drugs and dyes,
composed largely of manufactured
articles, show a slight increase in
value in the 1921 figures when COM
pared with those of the correspond
ing months of 1920.
Drop in Crude.
On the other hand, the fall off in
crude material imported for manu-
featuring will be over a billion
dollars; in cIude foodstuffs about
$l50,000, 900 decline: and in manu-
features for further use in manu-
featuring a fall off of about
$500. 100000.
The manufactured articles in
which the 1921 imports show larger
quantities than in 1920 include jute
bags, burlaps. hankerchiefs. en-
broideries, tapestries. cotton plushes,
cotton knit goods, glass and glass
ware, cutlery, building forms of
steel, needles, steel sheets and
plates, upper leather, boots and
shoes, cameras, Photographic paper,
motion picture films. printing paper.
cigars and cigarettes, womens