FOREIGN TRADE: A Rise in Exports

"No industry in America is safe from damage by foreign goods." Thus warned James A. Chapman, president of the American Cotton Manufacturers Institute, in a speech last week to 1,000 industry leaders at the institute's annual meeting in Bal Harbour, Fla. Chapman called for "a reasonable system of import quotas—country by country and category by category."

Chapman's protectionist plea would find ready support from a small but growing number of U.S. producers pinched by foreign competition. Manufacturers of typewriters, fishing tackle, brass plumbing and floor tile, along with shrimp fishermen and horseradish-root growers, are asking the Government to check foreign...

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