Omaha daily bee., 1921-07-11
u. S. Makes 40 Per Cent
of Worlds Goods
o. P. AUSTIN, in The Americas.

o. P. AUSTIN, in The Americas
United States manufacturers broke their
record and the worlds record in the value of manufac-
lures turned out in 1919. Preliminary figures of the
1920 covering the value of all manufactures
produced by the factories of the United States in the
calendar year 1919 show grand total of ,000-
900 as the gross value of the 1919 output against
$24,25O,O 900 in 1914; $2O,50O,OO00O0 in 1909;
$1475O OOO 900 in 1904 and 500 100000 in 1899.
The value of the 1919 output is two and oneha times
much that of 1914, three times that of 1909
four times that of 1905 ana more than five times that
of 1S99 only 20 years earlier The increase in the five
year PERIOD 19141915 15s per cent against
average qunquenna increase of % per cent in the
preceding fveyear periods represented by the
reports from 1899 to 1914. The highest percentage of
gain in value of manufactures turned out in any of the
preceding quinquennal periods that of 19O419o9
in which the increase 39e per cent against 1881
per cent in the quinquennium 1914-1919
Not only is the value of our output of manufactures
in this latest record by far the biggest ever
but it means that we producing much larger
share of world manufactures than before and at
least twice much that of any other country of the
world. Prior to the war, producing about 80
per cent Oh factory output world, total,
shown by the 1909 census, having been 00O-
900, the United Kingdom and Germany at that date
estimated at s9ooo,o 900 each France, $1,000 ooo
900, and the factory output of the remainder of the
world $4,000 100000, making the estimated value of
world factory output in 1910 at approximately
$65,OOO,O 100000, of which supplied $4,000 100000
about 80 per cent of the total Now latest Off
ca record covering the output of the year 1919 shows
total at $625OO,O0O OOO nearly as great as
inf fhoo do
estimates obtanabe for the outurn of other countries
suggest that share of the world output of manufac
lures in 1919 the year following the close of the war;
was rather more than 40 cent, against 80 per
cent in the period Immediately preceding the war;
The recent gain by the United States manufacur-
in the outturn of factory products for all of these
figures relate to factory output and do not include
"hand trades, neghborhood industries and household
production of manufactures) is easily explained. In
most of the other manufacturing countries especially
France Belgium, Russia and the Austro- Hungarian
territory the losses of life and destruction of factories
mines, railways and financial facilities by the war not
only retarded normal growth, but in many instances
greatly mnimzed the power of production, making it
probable that if record could be made of the gold
value of the worlds factory output in the year follow
ing the close of the war; 1919 our own total of $62 $780,
100000 would be fully 40 per cent of that Of the en-
tire world, against about 80 per cent in the period i'm
mediaey preceding the though the reader again
warned that these figures relate to factory products and
do not attempt to include the value of the manufactures
turned out by home and ne1ghborhood industries, for
which possible facilities of measurement or even
approximate estimates are available
Wages paid in the manufacturing industries in
1914 formed about onesxh of the value of products
turned out and if this relation should hold good in
1919 year of high wages as we'll of high prices,
it would indicate that the total sums paid to wage
in the factories in 1919 about $1O 0OO 0OO
0OO and to officers clerks etc. another 900 OOO
against $4,000, 900 in wages and little more
than $1,000, 900 in salaries in 1914. The sums
utilized in purchase of material in 1919, year of
phenomenaly high prices, must have been extremely
large and may perhaps show total of nearly $4OOOO
100000, against slightly less than $5 OOOO 900
in 1914 and if So the figures of value added by manu.
facure would approximate $22 900 O0O as against
slightly less than $10,00O00O 900 in 1914 These tre-
mendous increases in the required for payment of
wages and cost of material used suggest necessary
increase in capital employed, which may show grand
total of approximately $4,000, 900 900 in 1919 as
against slightly less than in the census
records of 1914
- Tr'EES,,g., TEEN, McKenney