The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1922-09-08

| the other hand merchandise from
Europe liable to be wanted in the
Orient or the western coast OF the
Americas may be received at the east
ern ports and from time to time re-
exported Prior to the opening Of
the Panama Canal. says the Trade
Record of The National City Bank Of
New York, we seldom re-exported
more than $35,00O,OOO worth of for
eign merchandise a year and in the
decade preceding the opening of the
canal it averaged only $30,000,000 a
year With the Opening, August Is,
1914, of that convenient passageway
between the two great, oceans and the
countries fronting thereon, the re-ex-
portation of foreign merchandise ad-
vanced to $52,OO0,OOO in thd fiscal
year 1915, $S1,OOO,O0O in 1918, $780,
100000 in 1919, $l30,000,000 in 1921,
and with the big slump in all interna-
tional trade dropped to $1l 100000 in
the fiscal year 1922, but is now run
ming at the rate of about $o0,000OOO
year which is three times as much
as the acreage prior to the opening of
the canal.
The Staying quality" of this re-ex
port trade which has followed the op-
ening of the canal, adds the Trade
Record, is illustrated by the fact that
re-exports in the fiscal year 1922 were
l04 per cent greater than in 1914,
while the exports of domestic mer-
chandise in 1922 were only so per cent
greater than in 1914 The character
of the merchandise re-exported of it
self illustrates the convenience which
the canal has proved to the Pacific
countries in supplying direct route
to great distributing points such as
those of the Atlantic coast OF for
eign rice, for example, the product OF
the Orient, we re-exported in the fis-
cal year just ended no less than So
100000 pounds, most of it going to
Cuba, MEXICO, and smaller quantities
OF foreign cotton, we re-exported if
the fiscal year 1922 5H millior
pounds, most of which came from
China and Peru and smaller quantities
from India OF cocoa we exported
about 100000 pounds, part com
ing from the western coast of Soutl
, America, and of coffee the exporta
tons amounting to 35,000,000 pounds
part of it produced on the wester
' frontage of Central and South Amer
| lea Most of this coffee and COCO
e were re-exported to European coun
h tries, though smaller quantities t
/ Canada and Cuba Over 100000
e pounds of dried or frozen eggs, com
f ing chiefly from China, were re-eN
: ported in the fiscal year 1922 to Eur
: ope; and 100000 pounds of jute bag
! and 100000 pounds of burlaps. orig
: mating chiefly in India. were anon
the articles re-exported, going chief
to the countries fronting on the Ca,
$ ibbean. Nearly 100000 pounds {
f hides, the product largely of the or
: entail countries and of western Sout
e America, were re-exported in 1872
: Raw silk, chiefly produced in Japa
+ and China, re-exported from the Uni
d ed States in the fiscal year just ende
e amounted to over 100000 in valu
i against 2H million dollars in the pr,
i ceding year, and most of it went {
: Europe
The list of articles of foreign prt
duction now being re-exported frol
the United States is a very long on
including many hundreds of separa
=, items and represents the product (
scores of foreign countries. The tot
value of foreign merchandise rec!
ported from the United, States in II
8 years since the opening of the Pal
anna Canal is $7700O0,00O as again
1884 100000 in the years precedir
. its opening. The United States no
ranks second among the countries
: the world in the value of foreign me
chandise re-exported. Great Britain
course holds a much higher rank as
re-exported by reason of the fact tn
many of her colonies ship the bulk
their merchandise to London fro
= which point it is re-distributed to ;
parts OF the world and especially
:, the neighboring countries of Europe