Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1921-02-06
Worldwide FALL IN PRICES.

/ The wave of price reduction has extended to
every part of the world thirds of the principal
articles now being imported into the United States
says statement by The National City Bank of New
York were sold in the country of production at a
less price than the same class of articles sold
thirty, six, ninety days earlier.
Measurement of the prices at which the various
articles which we import sold in the country
of production is continues the Banks statement,
quite feasible under import laws which require
the official valuation of the articles entering our
ports to be the wholesale value in the country
from which exported to the United states-the price
at which the articles actually sold, or the
average wholesale market price for such articles at
the port from which exported to the United States.
Thus if we that the governmental reports of the
import price of any given article in the month OF
September 1920 is less than that of earlier months
in the year may assume that the average price
at which that class of merchandise was sold in the
country of it's production less at the date at
which it started to us than in the corresponding
date of earlier months.
Take coffee illustrations it comes to us
from more than of countries, representing
South America, Central America Asia Africa
Oeeana and the West Indian Islands; when we
find that the average valuation Of the coffee i'm
ported in the month of September 1920 was stated
by the government at only 1860 per pound against
1S.4c in August 204c in July; 216c in May; 223c
in February and 23.9c in october Of last year, we
know that the average wholesale price of coffee in
the various countries from which the billion pounds
imported in the last year drawn has steadily
fallen, and stands at this latest date for which fig
ures are available at less average valuation than
in any month since April 1919 in which the average
import price of the coffee brought into this cOun-
try was exactly that of September, 1920, 1860 per
pound
Raw silk, which comes to from a half dozen
countries shows a similar decline in the average
world price, the average import price of silk
entering the United States in September, 1920 hav
ing been but $3.50 per pound against $10G7 in
May and $12.2S in March, 1920, when it stood at
the highest point in our import record
That the world prices of most of the principal
articles which buy from abroad have fallen, is
evidenced by the fact that than two-thirds
of those for which import prices stated by the
government show lower valuation in the official
reports OF September than in the Immediately pre-
ceding month, and nearly all of them at lower
rates than those Of certain earlier months. Clothing
wool for example, drawn from Australia, South
America, South Africa Asia and certain European
countries averaged only 43.7c per pound in the i'm
ports of September, 1920 against 60.5c in July.
and &C &c per pound in March Of the current year
Rice, coming to especially from Japan China,
India Siam, and French Indo China, averaged in
the import valuation-and therefore the average
value in the country from which drawn-only $50
per pound in September, 1920 against lose in May,
and 111c in February of 1920 Cocoa i'm
ports of September, 1920. averaged 116c per
pound against s177c in July, 1920 and 2O.2c
in August, 1919. The festive banana yields slightly
to the world movement for lower prices, the aver
age import price per bunch in September, 1890,