The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1894-08-02
TRADE IMPROVING.
Interesting Report of the
Chief Of the Bureau of
Statistics.
LARGE INCREASE IN EXPORTS
American Copper Leads the World
Tariff Uncertainty Hurtful.

WASHINGTON, Aug. 2. 1S94.-In speaking
of the years foreign commerce OF the
United States, Mr.. Worthington c. Ford,
Chief of the Bureau of Statistics, said to a
representative of the United Press;-rOniy
relatively has the last twelve months proved
disastrous, / AVE not a little cause
for ~hopefulness. 1t must be borne In
mind that the United States were
the last to feel the depression IN trade.
Throughout Europe the reduction in the
volume in trade has continued through
three or more years; while the United States
touched the highest export figures IN
1892, the highest import figures IN 1915,
and in 1894, in the face of the most DIS
couraging conditions, a very large surplus
value of exports over imports IS SHOWN.
of our produce and in the freest market IN
the world, London. the buyer has not been
SO favored in fifty years.
Low as was the general range OF prices IN
july 1898. a further fall of about SIX per
cent. has occurred since that time, In tns
face of a general fall throughout the world
it would be impossible to bolster up prices
in one country and the United States rave
suffered with the rest.
Nearly 9O,O DOC, 600 gallons more illuminat-
ing oil were exported IN 1874 tnan
in 1898. vet the value of the larger
export was almost sl,oou,vVo less nan
that of the smaller. Cotton gives an m
crease in value of about $22,00U,UOOi
bnt the quantity required to make this IN
crease was more than 470,000,OOO pounds.
Breadstuffs have not contributed as much as
usual to an increase, and the same may DC
said of provisions, as compensation more
copper, glucose, sole leather and oieomar-
parine wore exported in 1894 than IN any
one year in the history of the country
ORR COPPER LEADS THE WORLD.
The figures of copper are peculiarly inter-
esting. discriminating as they do the domln-
afing position of American copper IN tne
worjis market. The highest export IN any
previous year was sc. 400, 900 pounds, the
ouantity exported in 1892. The exports IN
1894 was I95. 900. 900 pounds, a quantity
greater chan was exported in the years 1851
to 1891. This is, / believe. the only product
of ! American mines OF such CONNER
cial Importance as to lead the world
AS whole. exports have held their own re-
markablv we'll. 1t is not to be expected that
they wonld reach the 'banuer" point of lSg2,
but there are SIS. 600. 900 more than 1873 and
about $40. 700 more than the average Tor the
Ye.rs 1889 to 1893.
MORE FOOT ARTICLES IMPORTED.
ssThe general course of imports has been
an increase in articles of food, due
LARGELY to sugar and a decrease IN
raw materials for manufactures and IN
manufactured articles, caused by the
prevailing industrial depression ana
the uncertainties of tariff legislation. Inc
in1norts from two countries show an in
crease over the imports for the pre-
vious year-Brazil and the Dutch East
Indies. In the case of the Dutch East
Indies. the imports make a record. and are
higher than ever before, The increase or
decrease of the trade between the United
states and the great geographical divisions
are summarized in the following suggestive
figures