La Junta tribune. (La Junta, Bent County, Colo.) 1881-1939, 1898-03-26
OUR TRADE GROWING.
FOREIGNERS AsroNisHEp AT
THE DINGLEY RESULTS.
shuts Ont Imports while Exports Keep
Up an Increase-Fun Confidence Re-
stored AS Result of Protective
Principle.

with the evidences that abound Of en-
tire confidence in the fiscal policy OF
the administration of President Nc
kinley and in the ultimate stability OF
the conditions of revived prosperity.
Writing under date of December IL the
correspondent informs his English
readers of the extraordinary progress
made in the internal and foreign trade
OF the United States under the pro-
tectiye system. Twenty years ago our
exports Of manufactured commodities
amounted to only about $1O0,0o0,0O0.
and in 1889. just prior to the enactment
of the Mckinley tariff, these exports
! had increased less than $40 100000. the
total being then s1Ss, ,675.570. In the fis-
cal year Of 1897 the figures had increas-
ed to S227.2S5.S9l, being nearly 20 per
cent OF our total exports. II to this we
should add the product OF our mines.
forests and Notwithstanding canned
gcods-all of which employ in their
production more or less skilled Ameri-
can labor. We should have an aggre-
gate probably exceeding one-third of
our total exports.
The fiee trade readers OF the Shelf
field newspaper are further informed
that the world is only beginning to
| have evidence of the enormous pro-
ductive power of the United States.
Tho correspondent then quotes Mr..
Mnihall. the English statistician, as
follows:
There is decided tendency in the
trade of the United States to open up
.1.. Ne . ttnTx
world than Europe. There is an excep-
ton as regards Germany. with which
country commercial relations have
made striking progress in ten years.
the ratio of increase OF trade being As
| rer cent. The increase of trade with
| Europe has been only IL per cent.
while with other parts of the world
! 1t has been IS per cent. The declining
! ratio of trade with Great Britain has
been very remarkable. In 1926 the
! Mother Country stood for 45 per cent.
| of the foreign trade OF the United
| States. but the ratio fell to 40 per
cent. in 1Ss2-S6, and to 30 per cent. In
| 1926. When we bear In mind the
I; free trade policy of Great Britain, and
the similarity CT language and race of
| the two countries. this decline of trade
| is phenomenal seeing that 1t is coeval
with an increase OF dealings with Ger
| many. All the South American repub-
| lies have opened up SO many new chan
| nels of trade within the last ten years
| between the northern and southern
| portions of the American continent that
! we find an increase of IS per cent. In
! their dealings with the United States,
| while the trade between Great Britain
and South America has risen only 90
| per cent in the same time. Ten years
| ago British trade exceeded that of the
| United States in South America by 40
| per cent: at present the excess is only
| q per cent. which shows that before
| long the bulk of South American trade
will be carried on with the United
| States.
Attention is called TO the equally
| surprising showing for the internal
| trade of the United States. 1t Is nine
| times as great as the amount Of inter-
| change with foreign countries. 1t rose
| 40 per cent in the interval of fourteen
| years; from 1880 to 1894. the increase
| of population having been 36 per cent.
| The development Of national resources
| is still more striking. ''If we count the
working year." says Mr.. Mulhail. "as
| three hundred days the internal trade
will be found to average forty-eight
! million dollars daily, while external
commerce is little over five millions.
Moreover, internal trade progresses
much faster. having risen 40 per cent.
since 1880. whereas foreign trade Is
hardlys1O per cent. higher.
1t interests Sheffield to know that our
exports of iron and steel manufactures
have more than doubled in value since
| 1890. in spite of the decrease in the
| unit of value. The same Is true of our
exports of leather goods. which In the
year ending June 80, 1897. reached a
value of s2O, ,o00, 900. The value of bicy-
cles Jumped from $1.S9S.G1 in 1896 to
| 81, ,005, 1923 in 1897.
All this must be extremely interest
| ing. II not altogether gratifying. to the
| great iron and steel and machinery in
terests of Shefield, and the fact that
| information Of this character is eager
| ,v sought and conspicuously displayel
by the British newspapers shows with
what keen watchfulness the unparal-
leled Industrial and trade developments
! In the United States are being noted
abroad. All Europe is vitality concerned
In the giant strides making in the
United States toward seizing upon the
! lions share OF trade In the worlds
markets. Interest and astonishment
will be still greater when showing
! Ia made Of yet heavier increases both
| In foreign and internal trade in the
more prosperous fiscal year ending with
y,,,o 40 1893