The News-Herald. [volume] (Hillsboro, Highland Co., Ohio) 1886-1973, 1891-09-24
OUR FOREIGN TRADE.
HOW 1T HAS INCREASED UNDER
THE NEW TARIFF.

Figures for This Year and Last Year
Compared--Thc Balance of Trade In
Our Favor-ipcrense in Free Imports.
They Are Nearly Half of the whole.
Our foreign commerce of the last fiscal
year, when compared with that of 1890,
presents large and gratifying increase.
This will be better appreciated when it
is stated that the total value of the COM
merce of the fiscal year 1890 was the
largest in the history of the government.
and exceeded the total value of the COM
merce of 1889 by $3.50. ,o66
The total value of our imports and ex-
ports of merchandise during the last
fiscal year attained its highest point,
amounting to $i,720, ,83O, ,S9G, as against
81, CAT, 130, ,003 during the fiscal year 1890,
an increase of $50, l9l 1903, and an in
crease of $24l .707, 800 since 1880.
The value of our imports of merchan-
disc also during the last fiscal year was
the greatest in the history of our COM
merce, amounting to 1914, ,S05, ,401, as
against 7Sc.3l0,40o during the fiscal
year 1890, an increase of S55,505,0S
The excess in value of exports over
imports Of merchandise during the last
fiscal year was S39,510,914.
The value of exports of merchandise
was 1884 ,425, ,405, as against 1851 .S2S, ,684
during the fiscal yeaf 1890, an increase
of $26, 500, ,721
During each of tho years from 1876 to
1887, inclusive, there was an excess of
exports over imports of merchandise,
the yearly average for that period being
S134, ,3S8,313, and amounting in 1881 to
e959,712,71S. During the fiscal year 1888
the value of imports Of merchandise ex-
ceeded that of exports $28,002 ,607; but
during 1889 the value of imports of mer-
chandise exceeded that of exports $2,-
730,277; but the fiscal year 1890 shows
again an excess Of exports over imports
of merchandise amounting to $6S,51S,-
275, and during the last fiscal year to
$39,519,914.
IMPORTS UNDER THE NEW TARIFF.
The new tariff law has been in opera
ton since Oct. 6. 1890. During the nine
months ending June 80 last the total
value of the imports of merchandise was
$3.50, ,206, ,O05, rs compared with $59S, ,769,-
905 during the corresponding period of
1890, which shows an excess for the nine
months Of 1891 of S31 ,436, 100.
If a comparison be made in the two
corresponding periods Of the values of
merchandise imported free of duty, it
will be found that during the first nine
months the new tariff law was in opera
ton there was decided increase in such
imports.
The value of the imports of merchan-
disc admitted free of duty during the
nine months ending June 80, 1891, was
1895, 1858, ,665: the value of such imports
for the corresponding period Of 1890 was
$20S, ,983, ,S73, showing an increase in fa-
vor Of the nine months ending June 3d.
1891, Of $88,079, ,792, while for the same
period the value of imports of merchan-
disc paying duty was 1884 ,242, $40, as
compared with $3.50, ,786, ,O3a for the cor
responding period Of 1890, giving de-
crease in the value of merchandise pay
ing duty, imported during the last nine
months of the last fiscal year, Of $685.
3,692. It will be further seen that
during the first nine months under the
operation of the new tariff, of the total
value of merchandise imported into this
country 46.9 per cent. came in free,
while during the corresponding period
of 1890, $40 per cent. was admitted free.
Our exports and imports Of gold and
silver during the last fiscal year were as
follows: Exports, sos, 729, ,2SS; imports,
$50, ,212, 1884, an excess of exports over i'm
ports of $72,516.954. The excess Of ex-
ports over imports of specie during the
fiscal year 1890 was SIS. .l72, ,094, end dur
the fiscal year 1889, $67 ,G7S, 400. The ex-
ports Of gold during the last fiscal year
amounted to $S6, 1863, ,C2s, and the imports
Of gold to SIS, 246.512 an excess of ex-
ports over imports of $6S, ITO, the
largest excess of exports of gold in any
year of our commerce. Our net exports
of gold from l84S to 1875, both inclusive,
We're 81 .233, ,6O2 SOL The exports con-
tinued through 1879 to be in excess Of
imports, SO that S64,577,6 ,696 are to be
added to obtain the net exports for the
thirty-two years, making an aggregate
of 81 ,29S, 1870, 1857 in bullion, in addition
to bonds and other certificates of indebt-
edness paid out on balance of trade.
Free-trade and. "Hard Times"
The period of Free-trade from lS47 tc
1861 cost this country. in the destruction