Evening star. [volume] (Washington, D.C.) 1854-1972, 1899-07-07
Demand for Our Products in the
Fiscal Year Just Ended.
EFFECT OF BETTER CROPS IN EUROPE
Four Countries Made Smaller Call
for Our Breadstuffs.
on r 7 r A D E WITH SPAIN

Europe is the only part of the world
| which has failed to increase during the
past fiscal year the amount of money paid
to us for our products and this is solely
due to the plentiful supply of breadstuffs
| in that part of the world in 1899 as COM
| pared with 1898, and the consequent de-
crease in price paid per bushel, thus MAX
| ing slight reduction in our cash receipts
from that part of the world. To ASIA to
Africa, to South America, to Mexico, to
Canada, and to the Hawaiian Islands and
Oceanica our sales have increased in guam
tity ard value as compared with the phe-
nomenal year 1898, the only grand division
from which our receipts have been smaller
this year than last being Europe, and even
there the reduction Is confined to the four
| countries-united kingdom, France, Bel
GUM and SDain-and, as already indicated,
is due to the fact that large home sup
ply of breadstuffs has reduced their pay
ments to US for this class of our products.
In the Western Hemisphere.
To British North America the exports in
the fiscal year 1899 will be, in round num-
bers, S90000,o00, against $50, 900, 600 last
year; to Mexico, the exports will be about
$25, 900, 000 as against 81 DOE. 600 last year;
to Cuba, the exports will be about SIS, 0OO,-
900. against S., 260, 900 last year; to Porto
Rico, the total will be $1,000, 900, against
s1,50OO00 in 1898, and to the entire West
Indies group the total exports of the year
will be $50, 600 900. in round numbers,
against S26, 600 last year.
South America, to which our sales in the
past have not shown as rapid an increase
as those to other parts of the world shows
a slight gain in 1889, and will reach a total
of over $35,OO0,000, against 1881 GOO last
year.
To Asia the exports of the year will be
about 100000. as against s44, S44, 900 last
year, China showing increase of over
33 per cent, and Hong Kong about an equal
increase, while Japan, which purchased
enormous quantities of raw cotton and
various manufactured goods from last
year has somewhat decreased her pur-
chaseS in those lines, so that the total to
Japan during the year will show reduc
ton of over $3,000.000 compared with 1898
but an increase of So, 900, 900 compared with
1897 Oceanica shows remarkable gains,
the total for the year being likely to exceed
$50 000, 900, against 81, g91 coo last year and
to Africa the exports of the year are in
excess Of those of any preceding year.
Europe, already indicated, is the only
grand division which has reduced the
amount of money sent to the United States
for our products, and this reduction is con-
fined to the four countries, united king
dom, France belgium and Spain. The
value of exports to the united kingdom for
the year will be more than S25,GOO,0OO be-
low that of last year, while the reduction in
the value of our exports to France will be
more than $50 100 900. to Belgium about
81 900 900 and to Spain about $1,000 600
This reduction occurs almost entirely in
food products, and especially breadstuffs.
Price of Wheat Lower.
A year ago, owing to the shortage in
breadstuffs in all other parts Of the world,
we were selling wheat at dollar a bushel,
while now, with good crops in Europe and
elsewhere, the export price of wheat is but
about three-fourths that of a year ago, and
as a consequence the countries which were
sending large sums to the United States for
this purpose are somewhat reducing their
demands upon us and paying smaller prices
for that which they purchase. The reduc-
ton in value of wheat sent to Europe in
eleven months of 1899 compared with the
corresponding months of 1893, is, in round
numbers, $4,000, 600, while France in the
eleven months reduced her purchases of
wheat from the United States from $27,-
761 600 in eleven months of 1898 to 81 ga =
739 in eleven months of 1899.
Eject of Greater Prosperity.
The united kingdom has also reduced her
purchases of live cattle about 81 600 in
the eleven months of 1899, compared with
the corresponding months of 1898, due, 1t is
believed, largely to the increased price
which the dealers of the United States are
enabled to demand because of the increased
consumption at nome consequent upon
greater business activity and better wages
among consumers. Belgium's reduction in
her purchases in 1899 compared with 1898
is also along lines similar to those of the
united kingdom and France, while the
slight reduction in the sales to Spain is
readily accounted for by the interruption
of commerce between the two countries
which occurred in the early part of the
fiscal year 1899 but which is being resumed
upon the former basis, the May imports
from and exports to Spain being largely in
excess of those of the corresponding month
of last year
In all other European countries, includ-
ing Germany, where a reduction was ex-
pected in certain quarters, the total figures
thus far available show an increase. and, as
already indicated, the reductions, where
such have occurred, are largely in agricul-
tural products, of which the increased home
supply in foreign countries has been suf-
ficient to cause both a reduction in the de-
mand upon the United States and the prices
paid for that demanded.
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