So far as the available quantity is concerned there is no reason
why these minerals should not be exported. Prosperity of the in-
dustry may depend largely on maintaining foreign outlets, in
which case these should not be closed by restriction requiring local
conversion and fabrication where this means excessive cost, or by
import taxes inviting retaliation on minerals of which our own
supply is deficient. For instance, export of coal from the United
States is a natural consequence of our large supplies, the needs of
other countries, and our ability to produce more efficiently and
cheaply than certain other coalexporting nations. We are in a
position to do the world an efficient service, We also help ourselves
by supplying an equalizing and stabilizing facıor to an industry
handicapped by such seasonal demand that the average coal mine
is idle over a third of the year. We more fully utilize our capacity
for production. Without increase of imports there is little room
for further development of coal export trade without unbalancing
the ratio between imports and exports.
(B) The United States has certain minerals o} adequate supply but
without great excess or deficiency. The supplies of many important
minerals in the United States approximately balance domestic re-
quirements without considerable exportable surplus. Small amounts
of these minerals have been and will continue to be imported
and exported because of special grades or backhaul, or because of
cheaper sources of foreign supply. Such imports are not, how-
ever, for the most part, essential as a source of supply. This list
includes aluminum and bauxite, arsenic, artificial abrasives and
emery (except Naxos emery), asphalt and bitumen, barite, bismuth,
bromine, building stone (except Italian marblie), common stone,
sand and gravel, cadmium, feldspar, fluorspar, fuller’s earth, gold,
gypsum, lead, lime, magnesite, mineral paints (except umber,
sienna, and ocher from France and Spain), molybdenum, oil,
pyrite, salt (except special classes), talc. titanium, tripoli and
diatomaceous earth, and zinc.
For minerals of this group the domestic supplies are such that
they do not constitute compelling reasons for opening or closing
channels of international movement. There may or may not be
(035