The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-08-14
EXPORTS UNDER WILSON LAW.
Last Year They We're the Largest In
the Country's History.

The Washington correspondent of the
st. Louis Republic says: The complete
record of manufacturing exports for the
fiscal year ending June 30 shows that I'M
der the Democratic tariff. the Wilson
law, that class of exports has been the
largest in the history of the country.
The manufacturing exports for June were
s25, S7S, 20i. and for the entire year they
amounted to s276, 557, SCI.
The record for June has been surpassed
only twice in the commercial history of
the country-in March last when the
figures were S25,S74 469, and in May, when
the figures were S26, 457. 4442. Under the
ord for the fiscal year is SIS. 600 higher
than any previous record, representing an
increase of nearly 90 per cent over the
manufacturing exports of .S1s3, 595, 743 in
cent over the manufacturing exports of
$22S. 81, 1IS for the fiscal year 1886
The total for the calendar year 1895 was
1858. 6SS, 527, but the fiscal year 1887 sur
passes even this total by SO. 100000. and
the rate of increase Indicated for the first
six months of 1897 over 1895 would AFFORD
a total for the present calendar year OF
s2S6, 000. 600. The actual increase during
six months has been about s23, 000000.
The details of those increases have not
YET pen c9mpiied fully by Inc 4prea boU Oh
like the similar figures up 10 the end or
May, large increase in American ex-
ports or bicycles, electrical apparatus,
machinery and like articles
The growth of manufacturing exports
has been uninterrupted during the last
four years. The figures for June, 1897,
those for June, 1895. or more than 80 per
cent, and show an increase of $4,000. 600
over June 1896, or nearly 20 per cent. The
record by fiscal years shows manufactunr-
lis in 1898; $685. 72S sos in 1884, $685. 595 74S in
1895; s22S,57. rs in 1885, s276 357, SCI in 1897.
The protectionists no doubt will seek to
explain away this growing export trade
on the ground of low prices and need of
a foreign market for the surplus of Amer
lean production. even at some sacrifice.
But that explanation is not at all salts
factory As stated above. a large part
of these exports has been bicycles. which
maintained standard market price in
the home market until the 1st of July
There has been no sta'gnation of the BIZ
cycle trade in the American market and.
as everyone knows, the price of the
wheel has not been so low in this coun-
try as 10 compel the manufacturer to sell
his product abroad at a loss. On the con-
trary, the manufacture of bicycles has
been extended under the Democratic tariff
until there are marV makers doing a
large business in nearly every state
The increased export trade is due. I'M
queStionably, to the lower rates of i'm
port duties imposed in the Wilson act. As
was stated in these dispatches yesterday,
the experts of southern pine already are
beginning to decrease, owing to the 81
tariff on lumber in the Dingley bill The
reason for this is that the Canadian pine,
being excluded from the American mar
ket. is thrown into sharp competition
with the southern product in the foreign
markets. And this rule will be found to
apply to the export of articles in general
on which higher duties are fixed by the
new tariff. The enormous export trade
of the last four years undoubtedly Will
show a marked falling off under the high
Dingley tariff. and the export figures
given above afford, if proof is necessary.
ample evidence OF the wisdom of a low
trade.