New-York tribune., 1901-06-18
a sport for the princes Of the earth and the
masters OF the sea,
NAY FOREIGN TRADE.

A number of interesting facts disclosed by
the official statement of last months foreign
commerce Instead of the decrease in exports
usually noticed al this season, there appears an
increase over the preceding month of S3,S33. 1O1.
while compared with the corresponding month
last wear the gain amounts to S11 161 $50. 1t
would appear from these figures that there Is
little reason for the frequent expressions of
anxiety regarding loss of foreign customers.
Heavy sales 10 other countries bring the ability
to buy freely. and in recent months there has
been a steady increase in the imports of da-
monds, jewelry and luxuries Of all kinds. I'm
ports in May were valued at SIS T39 $50 an
amount only exceeded in March. 1900, of recent
years. with the exception of the three months
preceding the operation of the Dingley tariff
when goods rushed forward TO avoid in
creased duties. The balance in favor Of this
country in May amounted to S45S4o 10 mer-
chandise account. while adding the specie move
ment makes the increase in international credits
S5o66lO62, a phenomenal total for one month.
Although it is the season when shipments of
staples usually restricted the preliminary
statement of exports In May shows a loss of only
$1.0SS,I1S in value compared with the preceding
month, while there appears a gain Of SO AL 500
over the same month last year The increase
May. 1890. is still heavier. amounting to
secured for wheat by the Letter manipulation
larger than last months. Aside from this
markabl occasion. when foreign needs so
great that even inflated prices readily paid
and exports of breadstuffs alone valued at
S3S.2So.99i. the outward movement in May. 1901.
makes most encouraging comparison with the
corresponding months of earlier years.
Breadstuffs exports were valued at so. 723, 1SJ
increase of 50 2.339, 1872 over the movement
last year. This is the rema rkable be-
cause shipments OF corn very light this
year. owing to the excessive prices caused by
manipulation at Chicago In quantity, exports
of this cereal declined from 1S.62O016 bushels
to 1O,59O.5 531. nearly A. per cent, but on
count OF the advanced price the loss in value
was from SS,1T6. 303 to 50 267. 60. only about
b per cent This decrease than bal
anced. however, by an increase from 9,2T5. .922
bushels to 1857, ,o5S bushels of wheat on which
the difference in value was $5.412, $685. or over
80 per cent
1t is necessary to go back to December, 1897,
to find month when exports Of cattle and hogs
exceeded the 81. 5032 worth shipped in May
which was about 30 per cent more than the
same month last year Practically all of the
movement In cattle. exports OF hogs
We're valued at only s15.439. OF provisions the
increase over May, i3bb. WAS 10 per cent, out
last months figures slightly exceeded in
March OF this year and twice in 1900. Hog
products accounted for the bulk OF the SIG, 16S,-
O6i In this division, and cheese alone Of the
dairy products exhibited any considerable loss
compared with the same month last year.
In view OF the known depression in the manu-
facture abroad. exports of raw cotton reached Il
remarkable total. At this season shipments are
customarily light. but in May 411.4i6 bales
went out. valued at s17. .1:9. SIG. increase OF
"a per cent over the corresponding month last
year to quantity. but the decline from "a
to So cents in price made the gain in value
only S5.30S,!10. A. per cent. The United
Kingdom best customer. taking 15S 4GS
bales. and Germany next, with purchases OF
l0S.390 bales Although there still three
months Of the crop year 10 be added. exports OF
cotton have already surpassed IN value the best
preceding full year. 1891. but in quantity the
final total will probably fall slightly behind both
1895 and 1909 Despite increase OF over
130o00oO gallons in quantity. exports OF oil
somewhat smaller In value than in the
same month last year. owing 10 the heavy fall
In price