The New York herald., 1922-03-31
MILL AND FACTORY
OUTPUTS INCREASE
Business Progress Continues,
but Setbacks May Be
Expected.

WASHINGTON, March 3o.-Although
business continues TO make progress in
It's recovery from the dcpre sSion of 1927
as indicated by figures received by the
Department OF Commerce since March
20. the department warned in a review
of conditions made public to-day that
rehabilitation needs to be cautious that
il may be built upon firm foundation" "
Some backsets. the statement declared.
may be expected, for all of the LESSONS
caused by postwar overexpansion have
not healed"
forward orders, therefore" It con-
tinued, "are given soarinrly and in re-
duced volume; however. manufacturers
are feeling the effect of repeated orders
and the steadily increasing output of
mills and factories shows that funda-
mentally the country Is getting back to
normal"
Exports OF iron and steel last month
fell off from January. in part due TO
the shorter month, according to the re-
view and copper exports likewise de-
creased, but imports of tin and zinc in
creased, as did sales of structural steel.
Petroleum production decreased 2,000,-
600 barrels below January but was
greater than any month in 1920 and
was exceeded by only two months in
1921. AS against this. however, con-
sumption of crude oil fell TO 40,611 006
barrels. while stocks on hand passed
200 100000 barrels a new high record.
Production and shipment of newsprint
paper decreased while stocks increased
during February and prices were lower
than month ago, and 40 per cent. less
than the corresponding period last year.
Exports of corn and cornmeal reached
the exceptionally high figure of a.
"A hA1e httt vs. Af xxtlaA
and wheat -four fell to 1O,991, 900
bushels. the lowest figure for any month
in the last two years.
The rising tide of European goods or
American shores is shown in dollars
in monthly trade figures for February.
The figures also set forth the lessen:ng
Of American exports to Europe.
Imports from Europe last month were
valued at $71.4S4,521. as against $685.,
113,403 in January and S54,s30,045 in
February year ago.
Exports to Europe last month
amounted to $12S,956.140, as compared
with s14S,93s,246 in January. and $685.
S16,43o in February. 1921. Trade with
South America remained almost sta
tionary during February as compared
with January.
Notable among the figures as to coun-
tries were those relating to Germany.
from which country the United States
imported goods valued at ss.s01.154
last month, almost double the value of
German goods which entered the coun-
try in February 1921, when the German
mark had higher value.
Exports and imports by principal
countries during February compared
with February. 1921, follow:
France-Exports, sl6,054,lS7. against
$40, ,432. .l7s. imports, sll.S55Sl9. against
S11,57S,252.
G.srmany-Exports. s22.053.3s5 against
sss. s.sSs,eSs; imports. ssso1.ld. against
s4.952.27S.
Italy-Exports. s5.ss7.1s5. against $685.
00i,s63; imports, $3,1so.19s. against ST.
060, ,506.
Great Britain - Exports. $53, 800. 154,
against s9S.45o.4o5; imports. s26,49s. 22s,
against 1885, ,25S.
Mexico-Exports. $s.147.060. against $685.
1885; imports. s11,1so,765. against $l2,-
022. .645.
Canada-Exports. s35.so2.S2s. against
s45,17s,s74; imports, sao,l37,3S3. against
So. .S74. .3o1.
Russia in Europe-Exports. $2.22I.ls2
against sl,9S3.54o; imports. sl7. $50. against
s2i.24.