OCR Text |
Show MANUFACTURERS EXPORTS GROW Increased activity on the part of American manufacturers is evidenced by the latest foreign trade figures. They show an increase in-crease of 20 'per cent in exportations of manufactures and 30 per cent in importation of manufacturing material when comparing the figures with those of one year earlier. These figures, says the Trade Record of The National City Bank of New York, relate on the export side to the month of January, 1923, and on the import side) to the month of December, 1922. They indicate that the exports ex-ports of manufactures in the fiscal year vhich ends with the month of June .will exceed by nearly $150,000,000 the total for the immediately im-mediately preceding year, and will be 60 per cent greater than the value, of manufacture's exported in the year preceding the war. The total exports of manufactures in the fiscal year 1923 will approximate approxi-mate $1,750,000,000 against a little more than $1,000,000,000 in 1914, and less than a half biljion in 1900. The continuation since the close of the war in the growth of exportation of manufactures which was apparent in the pre-war period suggests that the closer acquaintance which the world obtained during the war of the product pro-duct of the American factory is giving further assurance of the permanence per-manence of exports of manufactures. Not only is there a steady increase in the total value of manufactures manu-factures exported from the country, but manufactures form a steadily stead-ily increasing share in the grand total of our exports, since our growing population demands a steadily increasing proportion of the output of our fields and mines. Foodstuffs and manufacturing material ma-terial combined formed 84 per cent of our domestic exports in 1880, 78 per cent in 1890, 64 per cent in 1900, and 54 per cent in 1922. On the other hand, manufactures which formed but 15 per cent of our exports in 1880 were 21 per cent in 1890, 35 per cent in 1900 and 46 per cent in 1922. This big growth in the exportation of manufactures and the ability of the manufacturers to fill the gap in the export trade caused by increased domestic consumption of the natural products, is coincidental co-incidental with the increase in capital devoted to manufacturing. This growth in the capital devoted to the production of manufacturers manufac-turers has been especially rapid during the present century. The census of 1900 showed the total capital of the factories of the county at $9,000,000,000, while the 1920 census put the total at $45,000,000,000, or five times as much as 20. years earlier. The growth of capital engaged in manufacturing has been quitei as rapid as the increased out-turn of the factories. The total capital invested invest-ed in manufacturing is set down by the census of 1920 at $44,688,-000,000 $44,688,-000,000 against $8,9 75,000,000 as recorded by the census of 1900, while the outturn of manufactures reported by the 1920 census is $62,418,000,000 against $1 1,406,000,000 according to the census of 1900. |