Evening journal., 1922-01-24
FOREIGN TRADE-isis AND 1921.

IMPORTS for the calendar year 1921 toaled S2o8OOOO
in value within 100000 Of the value estimated by
the Republican Publicity Association very early in that
year The associations estimate was s2JoOOo0O0O. Elk
ports otaed s4s5OoOOoO and the association estimated
under s5OOOOoOOoO"
The bulk OF our foreign again with Europe and
we may look from that quarter for our keenest .compe
on We can maintain adequate tariff protection and
still give European countries a generous share Of this
market
Imports from Europe during 1921 totaled s76OOOOOO in
value according to the Department OF Commerce esti-
mate about s5OO0OOO less than for 1913 the year be-
fore the war broke out ande months of which
under the protective tariff policy. This is in part at
trbutable to The fact that imports from Germany were
lsiOiOOOOOO in 1921 than in 1913, while there was
considerable falling Off in the value OF imports from
Great Britain strikes and labor troubles were
prevalent during the year just past In general 1t may be
said that Europe did not regain normal in production
during 1871 but many Of those countries advanced long
way in that direction Laces uxuries apd lingerie
formed no nconsiderabe portion OF European imports
during the year and the large importing firms which
maintain departmental stores in this country for vend-
ing their European purchases did splendid business
with foreign
our exports to Europe estmated totaled s2SSoOoOOOo
compared with just under s5OOO0OOO during 1913 so
that even with the higher value OF the dollar our sales
were larger than in 1913. Germany purchased about
1915 100000 worth Of our goods 1921 compared with
1852 100000 in 1918 Nearly onethrd Of this amount con-
sisted OF raw cotton commodity Of which Germany had
been swept clean when the ended From 1919 to 1921
Inclusive Germany purchased about S200OOOOO worth OF
raw cotton from
our exports to France totaled s53OOOOO in 1913 and
s225 100000 in 1921 to Italy, s79OOOOOO and s2iiOOoOo
for the two years respectively; to Great Britain SOUL
100000 and s9iOOOOOOO Britain is largest pur-
chaser OF raw cotton having taken Sid75OOOO WORTH
i9ia2i Inclusive The effect Of labor troubles on the
British cotton industry suggested by the fact that she
purchased only about S5OOO0OOO worth Of cotton from
us last year
Trade with the Latin Americas has shown pro-
nounced development since 1918 when the total was $780,
100000 Last year the total 81 0iOOOOO made up OF
67 of imports from and SSOOOOOO of exports to
those countries Our exports to them are chiefly manu-
featured goods and our imports from them chiefly raw
materials for consumption in mills. This provides an
ideal arrangement for relations far as the United
States is concerned and II will be good many years
before the Latin Americas formidable competitors OF
ours in manufactured products although we must even
now guard against too great inflow Of agricultural
products from those sources.
The trade OF the world during 1921 sorey beset by
aucuating exchanges labor troubles, transportation
problems climatic conditions Affecting agriculture and
the weakening Of moral stamina which follows in the
wake of exhaustng wars The outstanding feature OF
the trade is that the United states, all things considered
did wen and again we on the upgrade.