Eagle River review. [volume] (Eagle River, Wis.) 1890-1927, 1898-07-21
BREAKS ALL RECORDS
REMARKABLE EXHIBIT FOR TIE
PAST FISCAL YEAR.
How the Various Branches OF Industry
Have Prospered by Reason of Our
Unpara1leled Increase of Trade with
Foreign Countries-HaWa11aN NO" liz
Rursted Theories.


with April, 1898, as issued from the
Bureau of Statistics Of the treasury
Department, contains some instructive
figures which should prove unusually
interesting, if not exactly gratifying, to
those who have so strenuously contend
ed that the control of the home market
can only be maintained through the
loss Of foreign markets. The falslty OF
this contention has been so convincing
ly demonstrated by the immense eApan-
sion of our export trade during the nrst
eleven months Of the Dingley tariff
period that it has compelled the COD
denites to admit that we have estaD-
Eshed q notable exception to their IA
yorite rule.
But they qualify this admission by
the claim that the credit balance OF
5000, 100000 in favor of the Cnlted
States for the fiscal year is wholly due
to the exceptional conjuncture OF an
almost universal crop shortage outside
of the United States, wherefrom mas
sprung up demand for our surplus
foodstuffs at greatly advanced prices.
They tell us that this condition IS I'M
usual and not likely to occur again IN
many years, and that it in noWlse dls-
tllrbs the soundness Of the Manchester
theory that protective tariff is wholly
incompatible with the expectation OF
manufactured products.
If this were true, our sale OF manu-
featured commodities to foreign coun-
tries should show marked decrease III
the past ten months. But there has
been no decrease; on the contrary,
steady and important increase. Not
only has the outside world bought more
largely than ever before Of our manu-
features since the Dingley tariff went
into operation, but it has broken the
record in another respect-that Of buy
ing from us a larger quantity OF manu-
featured goods than it has sold to us.
This is wholly unprecedented IN the
history of the United States.
In the fiscal year 1897 the imports of
manufactured articles exceeded the
value of exports of manufactures by
the sum of $27 ,362, 217; in 1896 by $1O4,-
750, 1874, and in 1896 by $121 Alb, 1888. In
the ten months of the fiscal year, whose
detailed record the bureau of statistics
has just completed, the exports Of man
ufactures exceed by over $4O,OOO,OOO
the value Of the manufactures import
ed, and it is probable that for the full
years record this excess will reach
$5O,0OO,00O.
Coming to the details of this splendid
showing in favor of the American pol
icy, we find that nearly every branch
of industrial enterprise has shared in
this foreign trade extension. The ex-
ports of agricultural implements, which
in 1888 were about $2,60O,O0O in value,
will in the year 1898 be in round num-
bers $6O0O,OOO. Locomotive engines,
whose expectation in 1888 was less
than 100000 in value, will in 1893
reach probably $4,000,0OO, orders for
more than $50 engines having been
placed with the great manufacturing
establishments during the past two
months for use in China, Japan, Russia,
| Egypt, Australasia and South America.
Bar iron, of which we exported l, $780,
GOO pounds in 1888, will amount to 49,,
| 100000 pounds of exports in 1893.
Builders hardware, the exports of
which in 1888 were valued at 81, 442,
635, were last fiscal year $4,152,336 in
value. The exports of cut nails, which
in 1888 amounted to 1858, 664 pounds,
will in 1898 amount to more than 3d.
100000 pounds, an increase of 200 per
cent, while wire nails have increased
over 1000 per cent, the exports of wire,
wrought and horseshoe nails in 1883
being 1,j47,07S pounds, while those of
1898 will reach nearly, if not quite, 90
100000.
Exports of iron plates and sheets,
which in 1889 were less than 100000
pounds, will, in the year which ends
with this month, amount to nearly
100000 pounds, while those of steel
plates and sheets, which We're but 49,
419 pounds in 1888, will exceed 10000
600 pounds in 1898.
The total value of the exports Of man
ufactures of iron and steel, which in
1888 amounted to $17,763 ,O34, will in
1893 exceed $65,0O0,OOO. The exports
of leather and manufactures in the
same period have increased by $1O,OOO,-
600. Exports of Illuminating oils in
creased by 344 100000 gallons a year.
Manufactures of cotton show an in
crease of so per cent. in the value of
their exports during the past ten years;
exports Of chemicals have also in
creased so per cent. in value during the
same time. Manufactures of copper in
1888 We're $3,S12,7 9S, and last year $751;
G21, 125.
In most other manufactured articles
there have been similar gains, nearly
the entire list having shared in a great
er or less degree in the growth of the
export trade during the past decade.
The total expectation of manufactures
in 1888 amounted to $130,3OO,OS7, and
in 1873 Seams 1ilya1v n oso MOO, WV ~,