The Providence news. (Providence [R.I.]) 1891-1906, 1901-03-27
OUR VAST EXPORTS

During the year ended December 81.
l9Ooaccording to United States Treasury
returns, the imports Of the United States
amounted in round numbers TO $3.50. 600 =
600. an increase or s30. 600. 900 compared
with 1899. while the exports aggregated
Nfs0m,NO an increase OF s202 $50. 600
The exports In 1900 exceeded the imports.
by S6lS 10000 Of the export.
the percentage OF manufactured goods
rose to 3l.Si for 1900 against @.S9 I'm lS9q
2is6 IN 1898. and 2ls3 in 1885. OF the i'm
ports, nearly Is per cent. it is eStimat-
ed by the treasury were materials
either crude or partially made up. for
use In our manufacturing Industries, an
increase OF over 20 per cent IN 1899 and
1890. as compared with the entire period
from 1890 to 1895 I'm other words, our
Industrial growth continued In 1900 at a
rapid pace, enabling ms 20 take less fin
ished goods from other countries and to
furnish more.
The most striking fact In our export
development is the remarkable growth
of the foreign demand for our iron and
steel our exports amounting to nearly
sN,OV'"Do IN 1870 against S82 COO 0Oc0 ia
1895. In an article In the New York
Evening Post Mr.. Andrew Carnegie saws
the tnted States has not only supplied
It's own wants, but is competing TO sup
ply the wants OF the world not only IN
steel, but in the thousand and one arti-
cles OF which steel Is the chief compo-
nent part and expresses the opinion
that the increasing demand from the
world az large can be met only by the
United states"
The influence OF our steel-making can
acity' add Mr.. Carnegie. 'must be mar
velous. for the nation which makes the
cheapest steel has the other nations at
IT'S feet as FAR rs manufacturing Is con-
cerned In most OF its branches. Tho
cheapest steel means the cheapest sh'ps
the cheapest machinery. the cheaprst
thousand and one articles OF which steel
Is the base"
II 81 the relative cheapness of Ameri-
can steel that has given it prc-emincucc
and is the same with other prn,iucts tbat
are winning their Way abroad Economy
pi production rs the master key that nm
locks for us markets that seemed "A littlc
while ago tp hc ineXorably closed Thi.
economy of production implies NOT mere |
y low prices to the foreign consumer. |
'ut greater degree OF excellence. a su. |
lerior adaptation SO his wants
As has been pointed out in tho Re. |
'lews. as weil as elsewhere. the Amer.
Hn NorkinRmau. though receiving hirh,, |
wages produces with labor-ssving mn.
hiucry. M lower unit of cost ana his
ireatcr application and ingenuity enable
I'm 10 avail himself effectively OF ,hc
most recent Inventions and appliances
or improving IN" quality of his special
me- ~ work Fhe American factory svs
'm ts hghN organized ana more cf9
icut thap any other. and " our cNpor'
-ade wore as well developed. there wouid
2 liftle 20 rear Tho only lesson our
iauutac'ur"rs need 20 learn n would
'ein Dr. thc necessity of Manufacturing
specially for Foreign trade. tho the
rest nrreaso ~ requests Tor lnformn-
ou from our cousuls a. 10. the kinds ~
luds wanted ln particular markets. ana /
to oi uanufacturing processes employ !
pa this or that line OF Industry. on |
'urHges Tho hope that there is bcgln-
ng tp De- o. general perception OF this
lportaut fact.-l. = Consular Reports