Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1921-11-27
UNITED STATES LEADS
ALL IN RACE FOR TRADE
American Exports Sell at
Ratio Of SILL to Each 81
of Contender, England.
u. y. Statesmen MAKING COOP
Commerce Department Report Shows
United States lIns Built Up Export
Trade Ia Where 1t stands Test OF
prc-wnr Competition.

United States is leading all other
nations III the race to gain and hold
world trade American made goods
origin are selling throughout the
world in the ratio Of sl.71 worth to
each 81 worth of goods sold by Eng
land, chief contender with this coun-
try in the struggle to dominate
foreign markets.
American goods valued at s3,552.-
3e',133 were purchased by foreign
buyers in the first nine months Of
WI. England's exports for the same
period totaled $2.O76. 900. 900. accord
ing 10 reports to the United states
commerce Department on the basis
OF the British pound sterling at 81.
The amount for British trade here
given does not include rc-cyDorts.
which also are excluded from the
American total. because these figures
are not yet available for the United
states. Eut taking into oonsidcra-
tIoh also British re-eXports. the total
English exports. stated i'm dolIars
was only s2,3S4, 100000 for the first
ec-quarters of the year. Even Mt
this rate, the excess in favor of tn,
United States is s1,16S,0OO, 900.
American statesmen, despite their
lack of experience in foreign mar
kctS. thus Seem to be outsclliny all
other competitors. British salcsmen
backed by ages OF experience in deal
ing with foreign buyers. familiar with
complicated phases OF shipping, for
eign credits and international Inv.
would appear not to be meeting with
success equal to that of their Amcri-
can rivals.
Adverse foreign exchange. which
boosts prices of American mad
products in foreign countries, is n
great stumbling block in the way
of the movement Of goods TO forcirn
buyers. Yet Americans are largely
overcoming this handicap. cXamina-
ton of the official reports would
seem to indicate.
United states exporting concerns
ana shippers will close the year 1921
win foreign exchange trade COM
modify bHance in their favor OF
nearly s2,5o0,0OO.OOO Great Britain
VIII close the year with trade
balance against her, so far rs com
modities arc concerned, of apDroxi-
mately sl.2oo.OoO.OO0. THIS viii be
partially balanced by her income
from freights and financial transac-
tons.
There is another phase OF tho for
eisn trade situation in which the
United states also shows leadership.
MS is IN comparisons of world tradc
now with 1913. In pre-war DAYS En-
iahd was the worlds greatest EXPORT
ing nation. During the great war
when England's commerce was ham
pcred Ey the conflict. the Unite6
states stepped into world markets
ana achieved first place, American
exports Increased in value more thai
500 per cent. ''''''
al the close of the war, when trade
sluihpcd throughout the world ,b.
n"iue OF american exports began to
l"h OH. The United States. it was
ner FORMER position in world mar
Kcts England. it was said. would
regain the markets she had lost ana
capture the markets lost by Germany.
Has this happened?
oilicial reports to the Commorc.
department seem to show that The
I hitcd states has built up cxport
trade TO Il point where it will stand
the test Of British peace time com
clifton American trade. COMPARED
win 1913. shows larger increase
total value OF Americas eXpor;s for
the first nine months of 1921 wa,
N3.'52,3O1 1888. in the same period or
1918 the total was only Sl.7O5.4aI
81, exclusive OF about s27. 0OO Oou
worth of re-exDorts. The gain of the
United States export trade thus 10
shown to be los per cent.
Great Britain's foreign export trade
now'is 20 per cent greater than in
1918 II rc-cXDorts are excluded ana
~ per cent greater if rc-cXports nr.
ihciuucd. Re-cNports fell off about
per cent during the war period ana
have not gained The total value or
the british export trade for the first
nine months of 1921 was s2.O76.O0O.-
ooo. taking the pound at 81. In 1913
twlth the pound at $3.50 the total was
81 800. 100000.
Ensland's excess Of imports over
exports has increased 40 Ter cen,
between 1919 ana 1921 on the basis or
values.
a statistical picture of American
ana hritlsh foreign trade is shown
IN TWO attached tables. In the frs,
table is shown the total value Of cx-
ports ana imports exclusive OF re-
eNports) for the first nine months of
three years for Great Britain ana the
United states. In the second table
are SHOWN comparative percentages
OF increase and decrease.
Values OF Exports md Imports.
GREAT BRITAIN
Imports. 1913. $4,000: i'm
ports. 1920. s4.5O3. 1000. 900: imports.
1921. S3.3l2, 900, 900.
Exports. 1913. $1,000. 2G0. 900: OK
ports. 1920. s3,O2i 100000: exports,
1921. 5000, 000.0 900.
rounds sterling at par In 1913. 80
in 1920. and 81 in 1921.
UNITED STATES
Imports. 1913. sl.327.29A.07l. i'm
ports, 1920. si.35S,0l3,23i; imports.
1921. s1,272. 1880.
EXPORTS. 1913. .1.7O5.421,SSl: cx-
ports 100. S6h73.3So.S5:. exports.
1921. s3.552.3O7.733
Percentages. 1927 viii, 1918.
Imports. Exports
England .. 4 1870 4 25W
United states -. %4l%S /IOS%
Percentages. 1921 with IO2O.
Imports. Exports.
England .... -i4% -47%
United States --J7& no
Copyright, 1921, Public Ledger Coz
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