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MONDAY AFTERNOON, JULY 23 1923
SEABCHIHGWORLD
FOR IM MATERIAL
American Manufacturers Spend
Huge Sum Annually in Other
Countries
The growing donaiu,' oft: ,
manufacturers of the cotmtrj {<_. •
material purchased in other parts
of the world is illustrated by the
latest" import figures which nidi
cate that the value of manufactur
ing material imported in the fiscal
year which ended in June, 1923. ag
gregated nearly 2J4 billion dollars
as against an annual average of less
than a billion dollars in the years
immediately preceding the war.
While higher prices are in part
responsible for this increase, it is
quite apparent that the quantity
of manufacturing material coming
from abroad constantly increases.
Compilations made by the Trade
■k Record of The National City Rank
Wof New York show that the total
. value of imports of raw material
for use in manufacturing totaled
about $1,500,000,000 i n the fiscal
year which ended with June 30,
while manufactures for further
use in manufacturing aggregated
about $750,000,000. The very high
est record made in the pre-war
period was $635,000,000 of raw ma
terial imported and $350,000,000 of
manufactures for further use in
manufacturing, so that the record
of the fiscal year 1923 is about 2'/,
times as great in stated value as
in the highest pre-war year.
Even this high record of nearly
214 billion dollars of imports in
the fiscal year 1923 does not fully
measure the sums paid by the
manufacturers for foreign ma
terial, for the figures which mea
sure our imports represent the
cost in the foreign countries from
which they are sent to the United
States, and when we add the
freight across the ocean, the duties
paid on entering the country, the
profits of the importers and the
freights from the port of entry to
the door of the factory, it is quite
apparent that the manufacturers
of the country have paid in the
fiscal year just ended consider
ably more than $3,000,000,000 for
the manufacturing material
brought from other parts of the
world. The total cost to the man
facturers of the manufacturing
material imported in the pas*
decade is approximately $20,000,-
000,000.
The material which we draw
from other parts of the world is
chiefly the product of climatic and
labor conditions different from our
own. The importations for fac
tory use include rubber, distinctly
a tropical product; jute, manila
and sisal, also tropical; raw silk,
chiefly from China and Japan with
large supplies of cheap labor; cot
ton from Egypt; wool from Ar
?entina and Australia; goatskins
rora India, China, Africa and the
Latin American countries; coconut,
oil and copra; gums from the
tropical . forests; tobacco, grown
chiefly in the tropical and sub
tropical climates, and in addition
to these products of the soil and
tropical climates it so happens
•that the minerals and metals
which we import are frpm mines
?frthin the tropical of sub-tropical
belt.
Fortunately, adds the Trade
Record, our manufacturers are
able to pay “in kind” for this
enormous quantity of manufac
turing materials which they must
have, for the very countries pro
ducing this character of material
are not producers of manufactures
The tropics find it more conveni
ent to develop production of
their fruitful soil and climatic con
ditions than to give their atten
tion to manufactures and as a con
sequence they take : n exchange for
their natural products manufac
tures produced* trough the activ
ity of the capital und labor of the
north temperate zone and thus our
manufacturers are able to ex
change the products of their shops
for the raw material which they
must bring from the tropics.
Manufactures form from 75% to
90% of our exports to. the tropical
countries of the world, and the in
terchange thus established and
maintained between the tropics
and the manufacturing section of
the United States makes it appar
ent that the proportion which
manufacturing material forms of
our imports will continue to in
crease. The share which raw ma
terial for manufacturing forms
of our imports, is now prac
tically 40% as against c
century ago. 10% in 1865. 20% in
1880. 32% in 1900 and 35% in the
..ear immediatelj’ preceding the
war: while on the other hand fin
ished manufactures formed in
May of the current year 42% of
our exports as against 6% a cen
tury ago. 15'% in 1870. 16% in 1890.
24% in 1900 and 32% in the year
preceding the war
Our ability, adds the Trade Rec
ord. to buy the world’s raw ma
terial and send it back to the pro
ducers in manufactured form is
due in no small degree to the will
ingness of capital to co-operate in
the interchanges between the
great climatic and industrial sec
tions of toe world The census
figures of the capital of the manu
facturing industries of the country
show an advance from $533.000 000
in 1850 to $44 '79 000 000 in 1919.
The stated cap lization of 1919
is 85 times a *’ meh as that of
1850. while the factory output of
was 65 times as much as that
1850.
Difference between a success and
a failure is a success knew’ what
kind of habits to pick out.
Bootleggers have a harder time
in summer because they don’t have
as many pockets.
Compton’s Bicycle Shop
First Class Repairing
Parts of All Kinds. New and
Second-hand bicycles for sale
DOINGS OF 1 HE DUFFS Others Do; Why Not Olivia - BY ALLMAN
77h ESTATE ABOUT GOING N f/SEE,OLIVIA - WHAtA _ - f/'wELL IF Those A 1 BATHERS Y
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FRJM ROLU.4G PILL ' [ -
gatioris were placed at approxi- I $5,000 TO LOAN
mately $1,000,000. „ . ,
— _ On Americus
DR. S. F. STAPLEION D *J D «.
VETERINARIAN Residence Property
Office in Chamber of Commerce | LEWS ELLIS
! Phone 830
L. T. TURNER, Electrical Contractor
House Wiring, Etc., at Reduced Rates Month of May. Estimates
Cheerfully Furnished
118 Windsor Avenue Phone 809
AMERICUS ABSTRACT & LOAN CO.
We Make Abstract* of Title To Lands
City hd Farm
We have the Abstracts already made. No time lost in
looking it up.
We have on hand at this time local money to lend.
Loans made by the Atlanta Joint Stock Land Bank
are at 6 per cent, interest. No commission. The cheapest
money available.
R. L. MAYNARD, President
THE AMERICU? TIMES-RECORDER
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Let Squinchy Martin Launder Your Car
We Wash, polish and dope Cars. Svpft Service.
Americus Auto Laundry
Corner Church and Jackson Sts.
I AM DOING ALL KINDS OF
ELECTRICAL WORK
No Job too Small or too Large. I do your work by the
hour and save you money. Ask my customers- They KNOW
my ability.
J. C. BASS, Electrician
TELEPHONE 557.
ijlj Stop Lights $2.50
These rear signal lights may save you your
car and even your life—buy one now.
w w w Hut look through a Premier Sun Visor—
■ costs you only >7.50
BLiA\Jr J&lk Means a longer life for your eyes.
B 1! 'WI t l )e soun d of that famous
IW. » |WI “Schwartze” Electric Motor Driv-
Liu 1 Eli >nb ""' JU! “
Chappell Machinery Co.
Phone 234
PAGE FIVE