Douglas daily dispatch., 1926-01-07
AMERICAN GOODS
BEING DEMANDED
In MANY LANDS

mand for American merchandise IN
the principal markets of the world
is shown in an analysis Of this coun-
try's foreign trade for the first
nine months of 1925 just received
at the Douglas Chamber of Com
merce from the Foreign Commerce
Department of the Chamber of Com
merce of the United States.
Every continent except Asia, in
creased it's purchases from us dur
ing the January September period OF
1925 as compared to the same period
of 1924, the report states. Europe
with a gain of 16 per cent accounted
for SO per cent of our total exports,
South America led the increases
among the continents with 80 per
cent gain. Asia's buying fell 1S per
cent below that of the 1924 level
but indicated a decided improve
ment over the 81 per cent loss at
the end of the second quarter of
1925.
OF our 26 leading customers, none
of which bought less than $2O,OOO,-
600 and whose total purchases of 3d.
212, $4,000 accounted for 92 per cent
of our exports, only four purchased
less in the January-September per-
iod, 1925, than for the correspond
ing period Of 1924. They were France,
Cuba, China and Japan.
OF 76 principal markets for the
first three quarters Of 1925, 63
showed increased buying over the
same period of 1924. Great Britain.
our leading customer, with total
purchases of 66S,964, 900, one-fifth of
our total exports, also headed the
dollar gains with an increase of
$S5,7I6,000 over the first three quar-
ters of 1924. Forty-seven per cent
of this was due to increased pur-
chases of cotton, which were $4O,-
671,OOO greater than those of jan
uary- September, 1924.
Stocks of automobiles purchased
in the first six months of 1925, in
anticipation of the unfavorable tar
iff effective July /, caused motor
vehicles to register at $12,559, 600
gain over the nine months of 1924
and placed Great Britain second
only to Australia as a market for
this typical American product. The
remainder of the S5,000,OO0 increase
was mainly due to pork products
CHAINS, bacon. and lard) and bread
grains.
Canada, our second customer, in
creased her purchases $45,OOO,OOO, or
IA per cent over the nine months
of 1924. Germany ranking third with
$338,674, 900, surpassed all her former
January-September buying and gain
ed 5I,000,O00 over that period of
1924
Other noteworthy gains made by
our leading customers were Italy,
$35.O00,OO0 or 80 per cent; Argen-
tina, $2s, 900, 900, orr 2S per cent; Rus
sia in Europe, 1925, 100000 or 60
per cent; Brazil $20,00O,OO0, or As
per cent; Netherlands, $15,OOO,OOO, or
Is per cent; Belgium, $13,OOO,00O, or
1S per cent; Australia, $13,OOO,0O0, or
IA per cent; Mexico, $11 100000 or
IL per cent, and Columbia, 100000
900, or So per cent.
Japan's loss of $26,OO0,OOO, or 16
per cent less than the first three
quarters of 1924 was heaviest; how
ever, this is a much better figure
than the 26 per cent loss at the
end of the January-June period
China, second heaviest loser drop
ped $24,O00,000, or % per cent be-
low the nine months purchases of
1924. Other markets whose buying
fell off in the three quarters of
1925 were France, $1,729, 9,OOO,or O.9
per cent; Cuba, $3.50, 900, or O.5 per
and Hongkong, $3,1S5,00O, or 23 per
cent.
The import, or other, side of the
story would indicate that the United
States is increasing her purchases
abroad az an even more rapid rate
than her sales. During the first
nine months of 1924 our imports
amounted to $S,O79, ,555,OOO, a gain
of Is per cent over the $2,669, ,871,-
900 for the same period of 1924. A
large share Of this gain was due to
increased purchases of crude ma
Jerials for our domestic industries.
Asia, for the first time in the his
tory of the United States foreign
trade for a nine months period, led
all suppliers, furnishing merchandise
to 1aling $925,0O0,OOO during the first
nine months of 1925 or 30 per cent
greater than those from Europe.
Yet Europe, while displaced at the
top of the list, increased her sales
in the United States IA per cent
as compared to those for January
September, 1924.
Oceania, supplying only per cent
of our imports, led the continental
increases with a gain of 81 per
cent. Africa, from which we i'm
port little more than from Oceania,
gained "a per cent and Asia, for
the time being our most important
supplier, gained Sc per cent over
last year.
North America was the only con-
tinent that failed to profit by our
increased buying abroad, however her
loss of As per cent was an increase
over the minus 6.3 per cent at the
end of January June period.
Imports from twenty nine out of
thirty one of our leading suppliers,
which furnished 80 per cent of our
imports were larger during the first
three quarters of 1925 than for the
same period of 1924. Imports from
Cuba (sugar) declined $4,000, 900 or
80 per cent and those from Chile
(copper) were off 21,SOOOOO, or
per cent.