The New York herald., 1922-02-13
HUGE 1922 EXPORTS
FROM U. S. FORECAST
More Than $4,000, ,OO0,00
Worth to Be Sold Abroad,
Says Commerce Bureau.
ONCE GOT TO 8 BILLIONS
Increase in Foreign Trade
Means More Money for Every
Family in America.

Special Dispatch to THE NEW YORK HrsALp.
New York Herald Bureau,
Washington. ID. C.. Feb. Ie.
More than $4,000 100000 worth OF
American goods. manufactured and raw
materials. will be sold abroad during
1922. officials Of the Department Of Com
merce predict. Foreign currencies are
showing continuous rise in value, maxi
ing 1t easier for foreigners to buy. Con-
ditions generally are rounding into shape
in favor of big export trade for the
United States.
/ Despite world economic depression.
this country at the close Of 1921 pos
sessed nearly one-quarter OF the total
foreign commerce of the globe, estimated
at $2o.00o.000.0o0. During the expan-
sion OF the war period this country cas-
lily led all other nations in the value Of
Its export business. The total scared to
the neighborhood Of $4,000. 900. 900 a
year.
With the armistice and the depressing
business conditions that followed, 1t was
freely predicted that the United States
would drop back to her former standing
Of third or fourth In the export trade.
The drop failed to materialize, although
there has been a big decrease in the to-
tai value OF exports. In 1921 the .otal
was $4,000. 100000. This was due pri-
marily. commerce officials emphasize, to
the fall in prices Of commodities rather
than to decrease in the total volume
of exports. There was a decrease In
tonnage, it is true. Eut the decrease
was not large.
Heavy Farm Exports.
The actual volume OF exports increased,
during 1921 for some commodities like
food and certain manufactured products
Raw cotton went abroad in much greater
quantities than in 1870, although the
price. was cut in halt. Farmers sold
abroad more than $4,000. 100000 worth
OF products. or about 20,000.00O tons
This was the greatest agricultural ex-
port year in history as far as tonnage
was concerned.
During 1929, with Russia completely
out OF the markets as food producing
nation. wheat and all kinds OF food will
continue to flow out Of the United States
In enormous quantities, it is predicted.
With the rise in exchange Europe will
be in a position to buy American manu-
factured products N greater quantities
than during 1921. Steel exports already
are beginning to grow to supply the
world need for construction. Machines
OF all kinds and machine tools are in
demand throughout the world. Machin-
cry is an American speciality. Mines In
many sections Of the globe, closed DUR
ing the war period, are beginning tn
reopen. They will need supplies which
the United States can furnish.
Despite the pessimistic predictions, the
United States. is we'll ahead of England
in the export trade, reports to the Com
merce Department show. England for
merry was the worlds greatest trading
nation.
More Money for Families.
Foreign trade in large volume mean.
more money in the pocleetboox Of every
family in the United States, not just ad-
ditional revenue for big corporations.
Government officials explain. 1t is tend
ing to decrease unemployment. Japanese
buyers are now supplying Jobs for steel
workers Of Chicago. Pittsburgh and Bir-
mingham. Chinese textile mills are bid
ding for cotton. which must be cultivated
by farm hands in the South. South
American countries want American ma
chinery. which is manufactured in every
large city Of this country. Every person
in the United States will share, it is en-
phasized, in the nations export buri-