Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1891-07-29
FOREIGN COMMERCE.
IMPORTS AND EXPORTS UNDER THE
NEW TARIFF LAW.
McKinicyism Boosted to the Utmost-rhe
Leading Articles Of Export-The
Movements Of Specie.
fBy Telegraph to tho pIspatch.l

tbJ trkckfbpu W tuD LtophttihI
wAsHrseroN, July 2s.-The Bureau Of
Statistics of the. Treasury Department to-
day issued O summary statement and re-
view of the foreign commerce and irnmi-
grafton of the United States during the
fiscal year ended June 80, 1891. 1t gives
also comparison of the imports and ex-
ports OF the past nine months. during
which the new tariff law has been in effect.
as compared with the corresponding nine
months of the preceding fiscal year.
TOTAL VALUE OF COMMERCE.
The statement says that the total value
OF tho commerce of the past fiscal year was
the greatest in the history of the Govern
ment, ana exceed the total value of the
commerce of 1890 bv $50. .l91 ,s03. The COM
merce of 1890 was the largest for any year
in the history of the Government up to
that time. exceeding the commerce OF the
prior year by the sum of Sl59.606, ,066, so
that the value of the total commerce OF the
last fiscal year exceeded the total value of
the commerce of 1889 by S21, ,797. .s69. Our
total commerce during the past fiscal year
amounted to Sl.729. .330,s69. During the
year there Was an increase IN our imports
Of merchandise, in the order of magnitude,
in the following articles: Coffee, tin-plates,
hides and skins, fruits, chemicals and
drugs. india-Iubber and gutta-percha, su-
gar, moasses, &c. There has been de-
| cline in the value of our imports of wool
and manufactures thereof, silk and manu-
factures thereof. hemp and iute and manu-
features thereof, breadstuffs, and animals.
VALUES OF IMPORTS AVID EXPORTS.
The total value of our imports of mer-
| chandise during the last year was SS44.-
| 9O5,i91. The total value of our exports OF
| merchandise during the same period was
| 1854, ,iZ5, ,405, which shows an excess in favor
| of exports during the fiscal year OF s39.519,:
| 9i4. There was also an excess of exports OF
| domestic merchandise over such exports OF
| the prior year of S26, ,941,7T. The increase
! in these exports has been In the following
| articles, stated in the order of magnitude
| of increase: Raw cotton, provisions. re-
| fined sugar, cotton manufactures; copper
| and manufactures thereof; iron and steel
and manufactures thereof.
| The value of the leading articles OF ex-
| port from the United States during the
| past year was as follows: Cotton. $780,
| 70s,s9s breadstutfs, Sl27, ,092; provi
sions. Sl38, 1858.
| OPERATION OF THE NEW TARIFF LAW.
Since the new tariff law has been in ope-
ration-frorn October 6, 1890. to June 30
| 1891, inclusive-the total value of the i'm
| ports Of merchandise IVES $3.50, ,206.0O5. as
compared with S59S, ,769,SO5, the value o.
such imports for the corresponding perioC
| Of 1880, which shows an excess for the
nine months of 1891 of S3l, 1876. 100.
Tho value Of imports of merchandise
admitted free of duty during the Mint
months ended June 80, 1891, was 1926, 1858,
665. while the value of such imports fo
the corresponding period of 1890 wa
| sos, ,9S3,S13, showing an increase IN TN
| imports of free merchandise during th'
past nine months of .S6,y79.79z. Durin!
the same period ended June 80, 1891, TIN
imports of merchandise paving duty wer'
of the value of S334,2i2.3l0. as compared
| with $3.50. .786.0S2 for the correspondent!
period of 1890; so that it appears there ha
been a decrease during the last MIN
months of the fiscal year 1891 in the valu
OF dutiable imports OF Sj5,5i3,6U.
THE NEW TARIFF AND FRYE IMPORTS.
at will be seen then" says the state
ment. that during the nine months sine
the new tariff went into effect, of the tOta
value or merchandise imported into TIN
country 46. SO per cent. came IN free, Will
during the corresponding period OF lsy
1892 per cent. was admitted free. In fac
it appears that the value OF merchandis
imported free during the last nine month
of the past fiscal year was greater b.
$40 Q01. 000 than the value of such mel
chaudlse admitted during the whole Of 1854
AID nearly S40,OO0,O00 greater than tha
during the PRIOR fiscal year ended June 81
1899"
The exports of gold and silver durin
the last fiscal year were Sl0S, ,729.2S8. an
the imports were S36.2l2,344. an exces
of exports of S72,5l6,95 The exports Q
gold during the last fiscal year wer
$50, ,363, ,622, the imports of gold SiS,2i6,5l1
showing an excess of exports OF gold Q
S6s.ll7, ,llO. the largest excess of exports
gold in any year of our commerce.