Pullman herald. [volume] (Pullman, W.T. [Wash.]) 1888-1989, 1901-04-27
EXPORTSIFOR FISCAL YEAR
WILL BREAK ALL RECORDS
March Figures show a Decided n
crease This Year of Imports-In
creased Exports Help the E.r
ers-ImpOrts Cost Less.

Washington, April 23.-The fiscal VOC.
1901 seems likely to exceed any preceding
year in its record of exports from tbo
United States. The steady growth os o,,u
exports from 1892 100000 in 1870. to SS35.
100000 in 1880, 81 ,03O, 100000 in 1892 ana
81 1884 100000 in 1900 has been subject 90
much attention and much favorable com
ment, but 1T seems that 1901 is to surnass
the record OF the year 1900 and brine +bo
export figure nearly if not quite to tho
vi oOOOOOO0O mark. The March imnort
and export figures, just completed by the
treasury bureau of statistics, show total
expectation from the United States in tho
nine months ending with March, 1901 90
81, l4O,l70,72S, or $S6,54O,O32 in excess of
last year, which held the highest record in
the history OF our export trade
Another interesting fact developed by the
March figures of our foreign commerce is
that imports seem likely to show a decided
decrease in 1901 as compared with 1900
while the exports are showing the increase
above indicated, The figures of the nine
months ending with March, 1901, show a
decrease of $42, 292 500 in the imports ga
compared with those in the corresponding
month OF the preceding year. Thus the ex-
cess OF exports over imports in the nine
lonths under discussion is more than SlO0.-
OOO,OOO greater than in the corresponding
month OF last year and far beyond the flo
ures of any preceding year. The excess Of
exports over imports in the nine months
ending with March, 1901, is $540, 687 1897.
as against Sal 1854 ,666 in the corresponding
months OF 1900, an increase of $l28, 1872 ,67l
Ill the net excess of exports over imports
Tor the nine months of 1901 as compared
with the corresponding period of the fiscal
year 1900.
The farmers are apparently the chief
beneficiaries in this remarkable increase i'm
our exports, and are in the fiscal year 1901
showing greater gains in their exports than
are the manufacturers, whose record in
1899 and 1900 showed greateE percentage
OF growth than those engaged in agricul-
ture. The analysis by the bureau of Stats
tics of the March expectations of domestic
merchandise has not yet been completed,
but that OF the eight months ending with
February showed an increase of $8S, 900
III the expectation of agricultural products,
and but 100000 each in manufactures
and products of the mines, forests and fish
cries.
This check in the growth Of the exporta-
ton OF manufactures is more apparent than
real, being due in part to the absence of
statistics of exports to the Hawaiian ISL
nds, to the separation of the trade of Porto
Rico from the regular statements of foreign
commerce in the returns to the bureau of
statistics, while the temporary reduction in
the exports to China, due to the disturbed
conditions in that country, also accounts
for the lack of growth in the figures relat-
ing to the expectation of manufactures.
Values of Imports less.
The reduction in the import figures is
largely due to the reduction in price of the
materials imported by manufacturers, and
occurs chiefly in the class ARTICLES in
crude condition which enter into the var
lous processes of domestic industry" Yet,
while the figures of value are materially
reduced, the quantities of these particular
articles imported for use in manufacturing
show little reduction. In India rubber for
instance, the fall in value of imports during
the eight months ending with February,
1901, as compared with the same months of
1900, is from sci 100000 in 1900 to &c.,
100000 in 1901; yet the reduction in guam
tity is only from 100000 pounds to 49,
100000 pounds in 1901, showing that the
chief reduction is in the price, rather than
the quantity imported. In raw silk the
value of the importations falls 81 per cent,
while the quantity falls but AZ per cent,
and in other importations of manufacturers
materials the reduction in value is greater