Norwich bulletin., 1921-06-23
THE FALL OFF IN
 EXPORTS OF MANUFACTURERs

The decline in world purchasing DOW CT IS now being seriously felt by Ameri- can manufacturers. Their total exports In the month of April, says a statement by The National Bank of New York, were only s171,O00,O0O as against S352,- OOO,OOO in the same month of last year and March was as bad, having totaled only s1s0,OOo,000 against $3sO, ,OO0 in March of the preceding year February was not as bad as March or April, the to- tai far thi\ month being S254,000, ,0OO against S31U,O00,o00 in February of last year, while January. 1921, showed an actual increase over January. 1920. Ii is in the last three months that the sud- den and startling fall off in our exports of manufactures occurs. January exports were in fact 24 per cent larger than
 those of January of the preceding year 1: February showed a decline of Is per
 cent, March a fall Of 51 per cent and
 April a like fall. of 51 per cent, in the
 value of manufactures exported as com pared with the fA responding month of
 the preceding year.
 These figures, adds the banks state ment of course relate to values only. Doubtless g considerable proportion of the decline, perhaps as much as one-half l occurs as a result of fall in prices of | the articles exported. Unbleached cot
 
 | 10 cents yard in March, 1921. as com pared with 22 cents in the same month of last year, and bleached cottons 10 | cents a yard against 25 cents in March | one year earlier sole leather went at 40 | cents per pound in March. 1921. against | 57 cents in March, 1920 and goat ard | kid 'uppers" at 35 cents a pound against
 7s cents in March Of last year. while
 mems boots were exported at an average price of S2.75 per pair in March. 1921 | as against S5 per pair in March. 1921. | Automobiles, chemicals, cotton manu. | factures. and rubber manufacturers show
 the biggest decline in exports when meas.
 ured by prices, the fall off in value oi | automobiles exported in March. the lat | est month for which details arc availa
 ble being 7s per cent, the total in tha, | month having been only $s,31I,O0i
 against s29.o27.OO0 in the same month o | the preceding year. these figures includ
 ing automobiles and parts thereof. II
 number. the passenger cars exporte,
 showed a total Of but 2.0l9 as agains
 14,O05 in the same month of 1920. ant
 commercial cars sos against 3.l27 il
 March Of the preceding year. Cottoi
 manufacturers as a whole show 10
 March a reduction Of 70 per cent. ii
 value as compared with March Of th
 preceding year. the total standing at onl
 S9.l90,000 against $5s.250. .000 in March
 1920. Cotton cloths show a total Of 8,
 230.O0O against s22.s1l.Ooo in March O the preceding yea-. the quality. however showing a much smaller percentage c decline, the total number Of yards export
 ed being 33.024.000 against S7.7ll.oe0 i , March, 1920. a fall of 77 per cent. ii i value and 62 Der cent in quality: whil iron and steel and mineral oil show 7 less decline the fall off in value of Marc 5 exports of iron md steel being but g per cert. and that of refined mineral O f in all forms 20 per cent.
 The above figures of exports In Marc r adds the banks statement, which are n e latest for which details are now avail; f ble, are apparently a pretty close inde . of the large decline in April, in whiC I the percentage of fall as compared vii S the corresponding month of the precedir h year is practically identical with 51 p s cent when compared with the core . bonding month of the preceding year. h These declines in the exports of man e fsctures occur in the trade with all par | or the world. Manufacturers form fro = 75 per cent. to so per cent of our Q, ? ports to the Orient, South America ar - Africa, and s5 per cent. of those to b a neighbors of the North American co T tinent and as a consequence the Mar }, figures show that exports 10 Asia, col b sisting chiefly of manufactures we
 only s5s.Ooo.Oeo against Sle9,O0o.o00 IT March of the preceding year; Sou l. America S2S, ,000 against S54, .0O s. oceania s15.OOO.Ooo against S2o, 900, ,oO IS Africa S9.ooo,O00 against S17,0oO, ,00 l. and North America sss,00O.0O0 again IT S153 .O00, ,o00. To Europe. where our e l. ports consist chiefly of manufacturii = materials and food. the total for Mar $ stands at s1ss, s,ooo.OO0 against S4eI l. 100000 in March of the preceding yei n and this is largely explained by the "a IS that our exports of raw material n use in manufacturing, of which Euro e is the chief buyer, stood in April, 19. s at only $57,ooo,0 900 against SIT oo0,o 900 d April of last year, the fall off in expor g of raw material in April being s7 D It cent. and most of that occurring in [ e movement to Europe. The April impc l. figures show a reduction of 57 per eel J, in the value of raw manufacturing m = terials entering the country, 43 per eel 'f fall in foodstuffs and 43 per cent. redu l. ton in manufactures.