The Dawson news. (Dawson, Ga.) 1889-current, 1925-08-11
WORLD PRICES SHOW
ADVANCE OVER 1924
ALL STAPLES OF THE PRINCI-
PAL COUNTRIES ARE HIGH
Err THAN LAST YEAR.

There is a worldwide advance in
prices. In a study OF the latest data
on the subject it appeared that prices
in foreign countries OF a large share
OF the important articles which we are
importing were higher in the latest
month for which figures are available,
April, 1925, than the average for the
full calendar year 1924.
The study was made by the Ma
tiona CITY Bank of New York, which
saws that the process by which the
price abroad is determined is with us
a comparatively simple one. Laws and
regulations here require the statement
OF the value of each article to be the
export value of the country from
which it is sent, plus any export tax
imposed by the country from which 1t
is consigned So it appears that when
we compare official figures OF the val
ne per unit of quantity OF the respec-
tive articles imported we have a state
ment OF the market price OF the artl-
Gle on leaving the country from which
il is sent While the comparison can
not show actual advances IN the price
of the article in any single country,
since the various articles imported,
such as wool, hides, silk and cotton,
originate in several different countries,
if is quite apparent from a comparl-
son of the average price OF each OF
these groups that the advance IS world
wide, says the bank, and continues;
Higher Prices.
"Out of seventy-eight imported ar
ticles OF which the Department OF
Commerce states the import price in
April 1925. ffty-six articles, or over
two-thirds of the entire number, show
higher prices per unit of quantity in
the country from which they are sent
to us than the average OF the calendar
wear 1924. Most of these advances oc-
cur in manufactured materials and al
so in certain classes of foodstutfs.
Take cotton as an example, which
we draw chiefly from Egypt, India
and China, also from certain European
countries which have imported it and
again forwarded it to us, the average
import prices Of raw cotton entering
the United States in April, 1925, was
35.5 cents per pound against an aver
age OF sos cents per pound i'll the cal
endar year 1924 Combing wool, drawn
chiefly from Australia, Argentina and
Urapuav, averaged OH cents per
pound in the imports OF April, 1873, |
against an average of 400 cents per !
pound in the calendar year 1924. Raw
silk brought chiefly from Japan, Chi i
ma and Italy, averaged $3.50 per pound |
in April of the current year, against
an average of $3.50 in 1924 Manila
hemp, coming chiefly from the Philip
pines, averaged $32570 per ton in
April of this year, against an average
OF S17554 in 1924 Jute and Jute butts
coming chiefly from India, averaged
S178.50 per ton in April, 1925, against
an average of $14402 in 1924, and sisal,
brought chiefly from Mexico, averaged
S2O1.70 per ton in April, 1925, against
an average of $1429S in 1924 Cattle |
hides, coming from all parts of the
world but especially from Argentina
and Canada, averaged Is cents per
pound in April of this year against
Is cents in 1924, while all other class
es of hides showed increases when
compared with 1924. Crude rubber i'm
ports in April, 1925, averaged 34.2
cents per pound against an average
OF 237 cents per pound in 1924.
Advance in Foodstuffs.
Turning from the manufactured
materials to foodstuffs the advance is
equally apparent in many of the ar
tic1es for which we are dependent on
other countries. Coffee, drawn chiefly
from Brazil, averaged 23.2 cents per
pound in April of the current year
against an average of 10 cents per
pound in 1924; tea, chiefly from Japan,
China and India, averaged 1874 cents
this year, against 29.3 cents in 1924,
and olives, chiefly from Spain and
Italy, 84.2 cents per gallon, against
an average of go cents in 1924. Ba-
nanas averaged SIS cents per bunch
in April OF this year, against 400 cents
per bunch in 1924, though in most OF
the other fruits, notably those coming
from the Mediterranean countries and
especially Asia Minor, the prices OF
1925 are lower than those OF the pre-
ceding year
1T will be seen from the above that
there have been marked advances IN
the prices of nearly all of the staple
articles of most of the great countries
of the world."