The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1899-06-22

NEW YORK, Juno A--It Is estimated
that. in the commercial or nscaI year
which will end Tune %. this country has
carried on a business with the other oous.
meYcial countries Of the world amounting
TO q little moro than one-haif OF the en-
tire debt created on account of the war Of
the rebellion. The estimate made both
BY the treasury bureau and hy certain
government officials In this city. each In
dependant OF the other. 10 that we have
bought and sold from and 10 foreign coun-
tries products Of all kinds that have cross
ed ono another upon the oceanA accord
ing n they represent exports or importA
Of q value Of almost two ballion&
In this city tho estimate 10 triAs un-
der nineteen hundred millions. Ia WASH
ington trtle oyer. An estimate at this
kind requires only conjecture ~ to the
full amount Of export and import for ths
last ten days Of the hscal year - that g
10 tAir 70 assume that II II approximately
correct. II. on the 9Th Of July. Il should
b found to Be almost exactly correct.
then there will BE- occaaon for unusual
celehration upon that day, since we shall
have just rounded out . year o< foretgn
trade % much greater than amp that has
taken place In any other year of our hjs-
tory that II would require q littis moro
thaA nfsy miltcns TO hr1Ag the record -
ths Asxt hest year up 10 thAt g. tAls rear.
While the very magnitude Of thNse ~.
urea and the promise contained In theen
produce influences which unQusseionahoy
have been felt In the speculative nartste
this week. ana viii prohabsy b stron0iy
felt In the investment mArisst after the IL
Of July. yet. after all. the fesllns hers -
that fhe most important feature 10 b ais
covered In this unprecedented narration Of
years business In that. great ~ our
business was In isse with other nations
Of the earth. the CHIEF part Of our sales
TO them then consisted OF agricultural
products. We sold comparatively little
manufactured products. excepting mineral
oil; while this yeas We have sela -
other ceu.tri~s aere 81 the products
81 esr nanufacsePtes thsn ws ever
sold Before. 30 much moro that II we
had not made this increase. the falling OK
in our export of the products OF the wheat
and corn fields of the West would have
made this years story less satisfactory
than that OF last year.
II In now possible to predict that IL
story of American exports OF maaufactur-
ed products for the fiscal year ending on
June % will be even moro gratifytng than
tho report made Iast year. II viii show
that We are surely gaining In our trade
with the rest Of the world. for our manu-
factured products now command the mar
kess OF the world for everything that our
skilled mechanics and trained arsisana
make, gaining so steadily that unless there
comes q check 10 this command OF foreign
markets. tho time II not far distant when
We shall surpass Great Britain a. m en-
porter of manufactured products. perhaps
have done 10 this year. and shall also b
esteemed among the commercial nations
OF the earth irw in export OF manufacture
ed products. the value % which may b
found 10 be equal tn or even greater than
the value OF provisions and grain which ~
export.
There are many mes here whe 80
s~ps that, vssshta the neHt ave - ssH
y<ars. the UstteA states Will Ss se-
kaovvIeaeeA 10 be greater - = ass-
ufaetsvisG natiea. % tar - the
worlds trade II eeneesseA, thaa -
N agslcsissSai astios. she latter re-
lasion fslng the one which. up 20 the pres
| ent time and ever since the development
| Of our wheat and corn h~lts. IL the ore In
which we have stood with respert 10 ths
trade OF the other nations of the world
II was said today by nne OF the cieas-
| ess-headed men In this city. aster he hsd
| read the figures. that We ara exporting
| that which is In me greatest DEMAND
| abroad For that reason We have been seil-
irg gold. seilsrg n "a commodity, as one
| Of the American products. not ssnSlnx Il
abroad as soTss Save supposed. simply fof
she purpose Of paying detss. and that view
tn confirmed by ore nf shs abisst snancsai
authorities in this eity-.he editor OF the
Journal Of Commerce
He has taken recently, great pains 70
discover wha, the value % stocks ana
bonAs-whas are called American ssears-
sses--.s, waAeh have he~r ~dgnssed"--to
sss shs eoaIoaaiaism of Wall ssress--sieon
The United States by the rest % The world.
ard his information iostsfes him Ia assert
ing that since January I. ig, sss2. .90e 0o
OF them have been resurnsd. Tr~y have
been returned ehieAy 20 pay eH the bal
ance Of IN. 1sss fhe rest - ire world ewes
the United States. They do nos eouse
back now "a faey All turing cisvsiands
administration because Of tswaEssty respect
snx usss crs4ff or the scunSnee. II oar rur-
rsncy. IL Europe rad n5s hsd these ssca-
rsties 20 sell. she would have BEEN o5ligsA