New-York tribune., 1900-08-14
EXPORTS IN JULY.

The preliminary statement of exports during
July has been issued by the Bureau OF Sta
tistics, covering only the staple products. AS
exports of manufactures are steadily increas-
ing and forming larger proportion Of all ship
ments to foreign countries, these early figures
are less important than formerly, although still
worthy Of careful steady The total value in
this class last month was $5022S 232, against
$49,549,542 in July, 1899. only a slight increase
Compared with preceding years, however, the
increase is more gratifying. 1t is noteworthy
that the figures for July were $3,000,0OO smaller
than in June, and a greater loss appears in
comparison with every Of the previous
nine months. AS July is always the month of
smallest exports, there is no reason for alarm
over the poor comparison with other parts of
the year, but cause for satisfaction that there
is a gain over the corresponding month in pre-
ceding years, in spite OF the remarkable ad-
vance in prices of some commodities.
This is especially true of cotton, for which
foreign buyers paid average of 9S cents.
against only 6.1 in July. 1899. an increase of
over 60 per cent Yet 1560oS bales were taken,
valued at $7647 6O8 against 1S1, 1873 last year.
worth S5457,6S2. Midsummer shipments Of
cotton are always light, and there is every pros
pect of a moderate decline in exports of raw
cotton hereafter, the rapidly increasing ca
pacity of mills. especially at the South, prom
ises to keep more Of the raw material in this
country until 1t has been made into cloth and
the profit of manufacturing retained With the
end of hostilties in China and increased trade
with the Philippines, Cuba and Porto Rico
there is every reason to hope that in this de-
partment more than any other there will he
smaller exports to British and Continental spin
ners and a corresponding increase in shipments
Abn dR,{c had Ezyro oF
July to the United Kingdom were 3S,175, ,932
pounds and to Germany 17,941.2SS pounds,
while Russia and France also received large
quantities. The profit of manufacturing this
staple must be something enormous, and should
be diverted to American spinners as far as pos
sible. The total value of cotton manufactures
exported from the United States In the year
ending June so, 1900, was only So, ,S90001 an
increase over every previous year, TO be sure,
bat certainly insignificant compared with the
value of raw material furnished to foreign
spinners, which for the same period was $241-
$50, 1877
OF breadstuffs the exports were $1S,669175.
against $21 800 in July, 1890. This loss was
chiefly in wheat, of which 5,550,S95 bushels
were taken worth S4113,s2O against s.TO3. .643
last year, valued at s6,611,1s1. The figures of
wheat -four are more encouraging $5,3S1, ,93l,
against $5O6496s Notwithstanding a decline
in the quantity of corn sent abroad to 1880.
7s4 bushels. against 17,4S4S45 last year the
value increased to S7,554 132, against Sd949, 100,
showing sharp gain in average price. Corn
meal Is not sent out In any quantity as yet, but
the whole trend of commerce is in the direction
of retaining the cost OF manufacture here, and
perhaps this may also be added In the course
OF time
Mineral oils went abroad in the usual large