OCR Text |
Show 1 !' ' '. TRADE RECORD ' Foreign Merchandise Exported From The U. S. . past 10 years was treble that of the decade preceding the opening of the canai suggests, says the Trade Record of Tiie National City Hank of New York, that the gateway opened by our I'anama Cnaal has had much to do with this big increase in-crease of importation and re-exportation of the products of other parts of the world. The principal articles of the $77.-000, $77.-000, 000 worth of ioreign products which we imported and re-sold to other parts of the world in 1923 " I v i In liie 10 years since the open- ' i : infr of the Panama Canal it ' 'j, 1 is 3 limes as much as in the I'1: decade preceding its open- 1 in';. Merchandise from all i 1 parts of the world re-distrib- - - ' uted to Europe, Canada and '' ' Latin America. Nearly a ' I ported since the opening of '' billion dollar? worth re-ex- (' 1 , the canal. crude state from Cuba, refined in our own factories and then sent abroad, went to Europe, Canada. . South America, and limited cjuanti- ties to Asia, Africa, and Oceania. Of the SlA million dollars worth of rubber re-exported, a very largo part went to Canada, with limited quantities to Europe and South America. Of the 3 million dollars worth of foreign furs passing to other countries, the bulk went ta Europe and Canada. Of the VA million dollars worth of raw s ilk-export ilk-export ed, over one-half went tc Canada and the remainder chiefly to Europe. Of the wool imports nearly 8 million dollars worth waa sent to other markets, chiefly those of Canada and the European countries. Of the 67 million dollars worth of foreign merchandise exported from the United States in the calendar cal-endar year 922 (the latest year for which details arc available) 34 million mil-lion dollars worth went to out nciehbors of North America, 2(j millions to Europe. 2l2 millions tc South America, 1-: millions to Asia and Africa, and less than a quarter of a million dollars worth to Arricn The principal countries to which this foreign merchandise was sent, stated in order of magnitude, were Canada 24 million dollars worth, Great Britain 9 millions, France 6 millions, Germany 6 millions,! Mexico 4 millions, Cuba 34 millions, Netherlands 2l2 millions, and Bel-1 gium l2 millions, these figures be-j ing of course in very round terms. ! The United States now holds sec- j ond rank as an exporter of foreign merchandise, being still materially exceeded by Great Britain, though our percentage of increase since 1913 is far greater than that of any of our rivals in this line of international inter-national trade. were md;a rubber, wool. silk, hides and skins, furs, nln-rs. tobacco, fruits, co (fee. sirir. and art works. 1 lie to;,! I oi hc tfr : up "vegetable luod pmriiirts" r.-export:-d. which includes inn's, n.-u-e, p-a, food oils, e.n:'n-, v ('' t.-d.lvs ,i p ' I r;p.v sui.-ar, wa in r'Mr- l u-rux 'OX'JO.u!.'!) in 1923. Of c: ;,h..-c th- total reexported re-exported w:l- tv.-;.r!y 3:1- million do'Nr-. vc ; nt ci'inr worn T mi a A:-,, rit a rr.i! iv.is:nar to Can;: la, M?::i-o. CwV.z and timired n-i;ui;:::LS to J'.'.h-o;;?. Th : $5,G';0,-000 $5,G';0,-000 wr.ri!: of l;;::;;t:irts re-exported came chiefly tVoni Centra! America and were sold in Inre part to Canada The $6.1100.000 worth of foreign hides and skins exported were sold to many countries especially especi-ally Europe and Canada. Of the sugar imported from Cuba about V2 m-llion dollars worth was sent out in the "raw" state in which it was imported, and nearly $30,-000,000 $30,-000,000 worth was exported in the refined form and classified as ''domestic ''do-mestic merchandise" since all articles ar-ticles which are changed by the manufacturing process in the United States are classed as "domestic products" in our export records and not included in the tables of foreign merchandise exported. Most of this $30,000,000 worth of refined sugar, which was brought in the T Fnrci';'l mci L'hrmdise eT-rpcrtec! i $' r frt ni tin- ( r n i ! c ! St iles in '-.i ex- t ivi-'ld that of I''-- !' nr' '" 7ti -f Itlill.lJIO. and was double that iff, ,c.( ihr year in which the i'atian.a ( - ( (.jiial was oprmtl and the World p-'i! 4 War ...;un. In t'a t, our expor'a- 'l 'c ti ti of t'oreian ni'-rchaiidiSL' in titO 'jli . lit ''-;a-s sitt'-c titr hi'itnlnin of l in.' is nearly a billion dollars and -J - j.', .1 tnncs as nnieh in value as in 1 ' ' the 10 years preceding lltl4 whielt 1 1 V was marked by the double stimulus to the re-export trade, the opettitii; ( :' of 1 lie Panama Canal and the be- 1 tl! fliimitif; of the World War. The 1 , l , tottil value of foreign merchandise J,'j' exported from the United States in lj: i,' the ralendar year 1923 was $76,-IL $76,-IL i'., 795,000, while the highest record of V ( our re-exports prior to the opaning . t. of the canal was in the fiscal year ' 1913 $37,378,000, against a little ,v ' ' less than $24,000,000 in 1900, $13,- , , V' 000.000 in 1890, and $12,000,000 in . !lfW0. i " ; How much of this big increase , ' Jn our re-export trade was due to J V' the Panama Canal and how much 1 to the repression of the re-export 1 ' trade of the European countries re- 't' culling from the war cannot be de- , 1 i termined but the fact that our expor- ' 'I tation of foreiKn merchandise in the |