Saturday, May. 19, 1923

Foreign vs. Domestic

The National Merchant Marine Association issued a statement " based on official returns to the Shipping Board" which showed that, whereas two years ago ships under the American flag carried about 76% of our imports, and 35% of our exports, they now carry only about 45% of our imports and 29% of our exports. What is more, foreign competition is steadily securing more and more of our overseas trade.