The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1898-07-23
BREAKS THE RECORD.
Enormous Increase in Exports OF
Manufactures.
Total for Past Ten Months Largest
Ever known-For the First Time
Our Foreign sales Exceed
Our Purchases.

The classified returns OF American eX-
ports for April show a very gratifying
increase in the movement of American
manufactures. indicating, as has been
noted in comments upon the returns for
preyious months, that our manufacture
crs continue 10 hold the trade which
they have been recently seeking, ana
that there has been no material inter
ruption TO this movement by reason OF
the war. Indeed, there Is a very con
fident feeling that as the result OF the
war and of the opening up Of new fields
Of trade, our manufacturing exports
will be greatly increased.
The returns for April show that ex-
ports Of manufactures were $25,992,552,
against S24.O14,426 in April, 1897, an in
crease OF S1,07s. 1926. The exports for
len months TO April 30 were $23t,737,-
OO2, against $22I, 023, ia for the CORE
spending period last year, being gain
of SfO,7l3,sss. Though the total for
April was smaller by S2,22i, sos than for
March, this fact is not surprising, con-
sidering all the circumstances. 1t
should be noted, also, that manufacture
ing exports were abnormally large IN
March, being S2s,21i,450, increasing 81
165.sl9 compared with February, and
greater than for any month on record
since the movement began TO be i'm
portant. That this improvement in our
export trade has been and continues q
be progressive is shown by the fact that
/ for four months Of the calendar year the
total was sos ,23s,552, against 500, 1871
for the same time last year, gain OF ST.
| 477.fs1, and, moreover, with the eNcep'
ton of March above noted, the tota
for April is larger than for any month
since May, 1897, when il was S26,45S,
600, and this total was the largest pre-
viously recorded. The returns for -four
months would seem 10 indicate gain
Of about S2l 100000 for the calendar
year, and IL this estimate should prove
correct the unprecedented total OF abou
$500, 900 of manufactured exports
would be recorded.
The most remarkable and gratifying
feature of the case, however, is to b'
noted in the facts set forth IN In
Economists Washington correspond
ence on another page OF the curren
issue, namely, that for the first time II
the history Of the United States on
exports OF manufactured commoditie
exceed in value our importations o
goods produced in foreign factories
The figures for ten months ending wit
April show that this excess has reache'
the enormous figure Of Si0,00O,000, an
indicate that for the full fiscal year on
trade balance in manufactured good
alone will amount 20 at least $4,000
600.
With the strong position now occupie
by American producers there Is a basi
for almost unlimited expansion of on
exports Of manufactured goods, and III
ending Of the war should give a wor
derful impetus to this branch of tn
export trade 1t is becoming more an
more evident that the control OF tn
home market and the extension {
American trade into foreign fields pros
ress and prosper side by side under tn
American policy Of protection. III
record for the full year will show a
enormous increase of our sales abroa
of agricultural and manufactured proc
ucts, together with decrease in OF
purchases Of foreign manufactures.
IS a wonderful record throughout, an
one which. taken as a whole, has nev'
, been equaled in the history of int
national commerce.