The Washington herald., 1921-02-14
COTTON PRODUCTS
MAKE new HIGH
EXPORT RECORD
lore Than 100000, 900
Shipped in 1920, Says
Bank Statement.
GREAT GAIN SHOWN
]. S. Never Great Exporter.
Although Producing Two
Thirds of Worlds Supply.


cotton manufactures were sent out
pt the United States in the calendar
ear 1920 against S5l.OOO.OOO worth
n the year Immediately preceding
The war. Our exports Of cotton
YEoods Of all classes far exceed in
value those Of any, earlier year and
are materially greater in quantity
than ever before. The quantity Of
cotton cloths exported in the year
1870 was, says a statement by The
National City Bank of New York,
about $4,000, 900 yards as against
326,Ooo,O00 in 1914, while the Valua
tions shows a much greater increase
by reason of advance in price, the
average price per yard OF cotton
exported in 1920 being 29 cents
against about cents per yard in
1914.
Produces Two-ThIrds.
The United States, adds the banks
statement, although producing two
thirds of the worlds cotton, had
never been a larger exporter of cot
ton goods until war conditions cut
OF the cotton goods markets of the
world from their usual source of
supPlies-EurOpe - when they
turned naturally to the United
States, and our exports Of cotton
NelOths which amounted to only 326,-
100000 yards in the calendar year
l s14, most OF which preceded the
Mr.. were 62O.OOO,OOO yards in 1915;
765, 900, 900 in 1917, and approximate
" S5O.OOO,O 900 yards in the calendar
year 1920. The increase in yalga
tiOn of the exports, however, was
far more rapid. that of cotton cloths
jumping from $4,000, 900 in 1914 to
s5S.OOO,OOO in 1915; SlOS.0OO,00O in
1918: SI52.OOO.OOO in the calendar
year 1919 and approximately $244,-
100000 in 1920. The quantity of
cloths exported in 1920 was two and
One-haK times as much as in 1914,
ltt the valuation was nearly ten
tunes as much Even this does not tell
the fun story. for the value of knit
goods exported in 1920 was s55,0OO.-
600 in value against S6,50O.0O0 in
1914. and of all cotton goods approx
4 n.ateIy S4IO.OOO.OOO against $5O,032,
A!g2 in the-dscal year 1914.
Where Products Are sent.
Where do they go, this 100000
OnO worth Of cotton goods as
against s5O.OOO.OOO in the year prior
CreasinE in every direction. To Ar
Ecntina the exports of cotton
cloths in 1920 were in round terms
$4,000 600 yards against 100000 in
1915: to Brazil about 5000. 900 yards
against a little over 100000 in
1914. and to South America as a
whole 425. 100000 yards against 55,-
OOO. ono in 1914 or eight times As
much in quantity to say nothing
Of the fact that the prices per yard
averaged approximately four times
in 1920 those Of 1914 The western
coast of South America is an espe-
CiaIly large consumer Of United
states CottOns, our own markets be-
ing much more convenient of access
than those OF Europe, Colombia
alone having taken in 1920 about
$4,000. 900 yards of our cloths and
Chile 100000. Australia is also
surprising her mother country by
increasing her consumption of
american cOttons, our exports of
cotton cloths to Australia in 1920
having been about 100000 yards
as against approximately 100000
in 1914. while Canada also increased
her takinEs of American cottOns
from about 26,OOO.OOO yards in 1914
10 76. 900 900 in 1890 or course the
xCaribbean countries all take to
United States cottons, the exports
Cuba in the year having been
Considerably over 100. 5000 yards
nd to Central America about So
OO 900.
L. :. vs.. International Trade.
The United States, continues the |
banks statement. now supplies
r.arIy Or mite Is per cent Of the /
cotton goods entering International |
trade against about per cent at .
the beginning of the war Prior to |
the war the annual average value |
Of cotton goods entering interna-
tfonaI trade was about $1.1O0, 900. 900, !
of which We supplied about $50
600 900 worth per annum, or ap-
proximately per cent. In 1890. as
nearly as can now be estimated. the ;
value Of the cotton goods enter
ing international trade aggregated
about $4,000, 900 O0O as AGAINST an
annual average OF little more /
than $1,000 100000 in the period i'm
mediately preceding the war. Crest
Britain. which buys most of her
rorron from the United States, of
course still leads in world cotton
goods trade. the value Of her total
exports (at the par or nominal
value Of the round sterlinC) in 1920
having been about $1,000, 900, 600;
lFrance. as nearly as can now be
ztfnated, $3.50 900: Japan ap-
,roximateIy S25O,OOO, 900; Switzer-
apd about $I5O,OO0, 900; and the
United states. as already indicated,
Is4nO OOO. 900 as against $50 900 600 in |
|.be wear preceding the war