The Washington herald., 1921-06-02
TATISTICS SHOW
HUGE FALLING OFF
IN MANUFACTURES
April Totals $171, 900. 900
Against 1852, 100000
,,l" Last Year.
PRICE CUTS FACTOR
'erhaps One-Half of Slump
Caused by Decline in
Values
PRICE CUTS FACTOR

The decline In world purchasing
pver Is now being seriously felt
y American manufacturers. Their
stal exports in the month Of April.
ccording to the National City
ank. New York, were only sl7l.-
10000, as against ss52,00O,000 in
be same month of last year and
hrch was as bad. having totaled
bly s1e0.0o0,0o against s3s0,0oo.-
20 In March of the preceding year
february was not as bad as March
April. the total for that month
eing s2s4.Ooo.oo0 against s31o.-
10000 in February of last year.
rhile January, 1921. showed an ac-
ual increase over January, 1920.
! is in the last three months that
he sudden and startling fall OF in
ur exports of manufactures oc-
nrs- January exports were in
bet "a per cent larger than those
Z January of the preceding year:
february showed a decline of is
er- cent; March a fall of 81 per
snt and April a like fall of 81 per
ent in the value of manufactures
xported as compared with the
prresponding month of the pre-
eding year.
These figures, of course, relate
values only. Doubtless a con-
iderable proportion of the de-
line, perhaps as much as one
alf, occurs as a result of fall
n prices OF the articles exported
Tnbleached cotton cloths, for ex-
mple, were exported at Ice a yard
q March, 1921, as compared with
&c in the same month OF last year.
md bleached cottons 1oc a yard
gainst CSC in March one year
ariier: sole leather went at 40c
er pound in March, 1891. against
&c in March. 1920. and goat and
id -uppers" at 35c a pound against
SC in March of last year, while
mems boots were exported at an
verage price of s2.75 per pair in
farch, 1921, as against $500 per
air in March, 1920.
Automobiles n Leader.
Automobiles, chemicals, cotton
manufactures and rubber manufac-
ures show the biggest decline In
Exports when measureds : hy prices,
he faII OF in value OF automobfles
Exported in March. the latest month
or which details are available.
,eing IS per cent, the total of that
month having been only S6,3l4.OOO
against S29,027.OO in the same
nonth Of the preceding year, these
igures including automobiles and
larts thereof. In number, the pas
enger cars exported showed a to-
al of but 2,019 as against 14,005
n the same month of 1920, and
commercial cars sos against S,127
n March of the preceding year.
5otton manufactures as a whole
how in March a reduction of 10
YER cent in value as compared with
darch of the preceding year. the
otal standing at only s9,190,00O
lgafnst s5s.23o.o 900 in March. 1920.
cotton cloths show a total of So
80, 900 against S22,S11,0O in March
# the preceding year, the quantity.
however, showing a much smaller
percentage of decline, the total
number of yards exported being
1904. 900 against s7.711.000 IN
darch, 1920. a fall of II per cent
n value and So per cent in guam
sty; while iron and steel and min
raj oil show a less decline, the
an oc In value of March exports
VI iron and steel being but Al per
sent and that of refined mineral
III In all forms 20 per cent.
The above figures of exports In
March, which are the latest for
shich details are now available.
ire apparently pretty close index
N the large decline in April. in
which the percentage of fall as
compared with the corresponding
month of the preceding year Is
practically identical with that of
March, the fall of in each of the
months in question having been 81
per cent. when compared with the
month of the pre-
,eding year.
Worlds Trade Covered.
These declines in the exports of
manufactures occur in the trade
With all parts of the world. Manu-
.actures form from rs per cent to
30 per cent of our exports to the
Orient. South America and Africa,
and 65 per cent of those of our
of the North American
continent, and as a consequence
The March figures show that ex-
ports to Asia. consisting chiefly of
were only s3s,O00.-
700 against s109.000.000 in March OF
he preceding year: South Amer
ca. s2s,0OO. 900 against $4,000. 900:
oceania, s15.00O,OOO against s20,-
,O0. 900: Africa, 100000 against
I'll .000. 900: and North America,
$4,000, 900 against s153.000,000. To
where our exports consist
.hiefiy of manufacturing material
md food. the total for March
rtands at s1ss.OO0.0oo against $685.
700, 900 IN March of the preceding
year. and this Is largely explained
,y the fact that our exports of raw
for use in manufacturing,
If which Europe is the chief buyer,
stood in April, 1921. at only s57..
1000 against s175.O00.o00 in April
II last year. the fall on in exports
,f raw material in April being 81
Der cent and most of that occur
ing In the movement to Europe.
rhe April import figures show
reduction of 81 per cent in the
ralue of raw manufacturing mate