The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-30

9 900 600 Of them are in the United
States.
In the gold bloc countries of the
period covered by the German sur
Belgium, Holland and
Switzerland-the depression contin-
ued to descend into gloomier depths
and prospect of recovery seemed
remote.
Also, there was the terrifying
paradox presented by the German
Institute of a world in which pro-
duction whirls again at a high
level, but in which foreign trade
flows thickly, like cooling lava.
The figures showing the share of
groups of countries in
world industrial production is
illuminating. The proportion of the
worlds output of industrial Europe
in 1928 was 35 per cent. This has
dwindled to 80 per cent. Agrarian
Europe produced only 7 per cent
of the world output, and continued
to produce that proportion.
U. S. Share DwindIes
Non-European capitalist countries,
of which the United States is the
greatest, decreased from At per cent
in 1923 to 81 per cent in 1884. The
share of the United States alone fell
from 448 per cent to 1872 per cent.
But, with the movement toward
national self-sufficiency smaller ma
lions throughout the world have be-
gun to build factories with which to
supply their own needs, particularly
in the Orient and in South America.
The result is an increase of these
countries from II per cent of the
worlds industrial output in 1923 to
"a per cent today-taking up all of
the share lost by the United States.
Great Britain has increased her
share from 93 per cent to 10.1 per
cent in this period, and Germany's
share, despite the drastic curtail-
ment of her foreign trade, decreased
only from 11.6 per cent in 1928, to
1913 per cent in 1884, according to
the institute.
German Thrust Strong
Germany's potential trade thrust,
however, is shown to be great. Be
fore the depression Germany had
built up what was considered by
many the most efficient industrial
machine in the world. Eff1ciencieS
in all countries have been increased
enormously since then-science and
invention has made it possible for
each worker to produce SO much
more, that today only portion of
those who worked formerly are able
to turn out more goods.
Based upon the average for 1928,
figures, showing the present volume
of production, indicate the greatest
increase in the world has taken
place in Japan, where the 1884 fig
ure mounted to 1853. The next great
est gain was shown by Denmark
for which the index jumped to 121
Other countries follow: Chile
113; Norway, 100; Finland, 107; Great
Britain and Sweden, los. The latest
figure for Greece shows an index
of industrial production Of 112 for
Greece in 1888 and 100 for Rumania
the same year. In these figures the
advantage of the sterling bloc coun-
tries is reflected.
Belgium at Bottom
The disadvantage of the gold bloc
countries also is shown by the fig
ures. Belgium, with an index of &C.
but which recently deserted the gold
bloc, is at the bottom of the list
Next is Poland, with 10, the United
States with II, Austria with 70
France down to 70 and Canada
at 80.
In the rating of degree of capac-
ity at which the industrial plant is
being used England heads the tor
of the list at 88 per cent. Hun
gary comes next with 81 per cent;
then Germany with IS per cent;
Italy at SO per cent; France, 81 pei
cent; Austria, 81 per cent; Czecho-
Slovakia, SO per cent; Canada, Sc
per cent; United States, So pei
cent; Belgium, Sc per cent and Po-
land, SO per cent. Japan is not in
cluded in this list.
The league reported today that
reassuring signs of industrial ac-
tivity are shown in the February
commercial indices in Canada, Chile
Denmark, Italy and Norway. Rapic
increase in the construction o.
Germanys merchant marine i,
noted, while shipbuilding also in.
creased in England, France, Den
mark, Sweden and Holland.