The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1921-12-05
DECREASED. PRICES
LOWER TOTALS OF
FOREIGN BUSINESS
Practically Every Article
Involved Displays
Lower Cost.
INSTANCES CITED
Commerce Reports for OctO,
Der Strikingly Illustrate
Price Declines.
INSTANCES CITED

Further evidence that the tre-
mendous reduction in the foreign
trade totals of the United tastes is
largely due to lower. prices. comes
10 the surface, says the National
City Bank of New York, in the
latest official figures Of our De-
partment of Commerce. They show
declines in prices Of practically ev-
cry article entering or leaving the
country In the latest available
month when compared with the
same month Of last year, and in
many cases the fall-off is as much
as SO per cent in price per unit Of
quantity
illustrations Given.
illustrations Of this big fall in
prices are. found in the October re-
port of the Department OF Com
merce showing quantity and value
Of certain principal articles export
ed in October. 1921. and a compsri-
son with the same month Of last
year The figures indicate that
the value at the port OF exporta-
ton of the wheat passing out OF
the country in October. 1921, was
$l.2s per bushel against s2.77 per
bushel in October of last year;
corn, so cents per bushel against
s1.33 in the same month of 1920;
rye IS cents per bushel against
$2.25: oats. 40 cents per bushel
against Sc cents one year ago;
barley. 10 cents against s1.5l: rice.
81 cents per pound against Z
cents in October. 1920. and -four.
ss.2s per barrel against slI.55 one
year ago. these figures suggesting
a fall Of fully one-hslf in the price
Of breadstuffs per unit of quantity
when comparing the figures of Oc-
tober, 1921. with those of October.
1920.
Meats also show a big fall-ofr in
price, though not quite as great as
that of breadstuffs. Bacon exports
in october. 1921. averaged 10 cents
a pound at the port of exporta-
ton against % cents a year ago:
lard, liz cents pound against
% cents: canned beef, 20 cents
against 81 cents; condensed milk.
IL cents per pound against Is
cents, and cottonseed oil, cents
per pound against an average of
II cents in the same month of last
year.
Manufacturing Materials.
In manufacturing material the
fall in price is also strongly
marked, though not as great as in
foodstuffs. Cotton, the one manu-
featuring material included in the
October report thus far received,
shows an average export price of
20 cents per pound in the month
of October, 1921, against 80 cents
In october of last year. Leaf to-
bacco, another manufacturing ma
terial, shows for the month of Sep
TENDER. 1921, the latest figures
available, an average of 80 cents
per pound against So cents in Sep
TENDER of the preceding year;
copper, another manufacturing ma
terial. went In September at l2Iz
cents per pound against practically
20 cents in September of last year.
bituminous coal, IS per ton against
$10.35 in the same month of last
year: steel billets, s3o.5O against
$73.s5 in the corresponding month
OF 1920; and pitch pine lumber,
S32.55 per 1000 feet in September.
1921, against S61.55 in the same
month of 1920.
In finished manufactures the fall
on in price is equally startling;
commercial automobiles exported in
september, 1921, went at an aver
age of $1,000 per car as against
WHO per car in September, 1929,
and Passenger machines averaged
ssl5 in the export figures of Sep
tember, 1921, as against Sl.2l5 in
the same official figures of one
year earlier. Unbleached cotton
went at cents per yard in Sep
TENDER of the current year against
"a cents in the same month of last
year, and bleached cotton 11.6 cents
per yard against 33.2 cents in the
same month of last year.