The Washington times., 1901-12-23
WHY EXPORTS SEEN LESS.
Prices Are Lower and Hawaii and
Porto Rico Are Not Inctutrd


That the reduction in expectations OF
manufactures is largely due TO reduced
prices aud absence OF data on the com
merce with Hawaii and Porto Rico is ap-
parent from some tigyrcs just compiled by
the Treasury Bureau OF Statistics.
II cdTction In The total value of ex-
e.. -l2al-a acturcs IS. as has alrecdy
teen stated hieHy in iron aud steel. cop
per, and mineral oil The reduction in
mineral oil now amounts TO about 81. 600.
600 in the eleven months ended with No
yember, While in quantity exported there
has been an actual increase OF 10000. 600
gallons. as compared with the eleven
months o. 1900
in exports OF wire during the ten
months ended with October. the value Of
the exports shows decrease. while the
quantity has during that time increased
over ll.oo0. oOe pounds. as compared with
the same period OF last year.
OF locomotives there is an increase In
the number actually exported and de-
crease in value amounting to nearly half
million dollars. OF bar iron the aver
age export price per pound in the ten
months Of 1901, compared with the CORE
spending months OF 1900. shows q decrease
OF 20 per cent; wire rods. a decrease in
price per pound OF over 81 per cent; bill
let's. ingots and blooms. over Il per cent
reduction in price: steel rails. n reduction
OF 10 per cent in price per ton: tinplates.
a reduction OF % per cent in price per
pound; structural iron and steel. 9 per
cent. cut nails. II per cent: wire. 16 per
cent: and other articles OF iron and steel
show about the same rate OF reduction In
prices per unit of quantity
Among all the articles of iron aad steel
exported in which quantities as we'll as
values are given, and an opportunity thus
afforded to determine the export price per
pound. about three fourths OF them show
reduced prices per mound, ton, or other
unit of quantity.
The fact that none OF the merchandise
sent to the Hawaiian Islands or Porto
Rico has been included in the statement
OF exports to foreign countries also takes
away from the statistics of manufactures
exported about SIS. 900 90. which would be
included II the methods followed in for
mer years. when Hawaii and Porto Rico
were foreign territory. were applied at
the present time.
Estimates by the Bureau OF Statistics
based upon statements obtained regarding
shipments between the United States aud
these islands during the present year. put
the value of exports to Hawaii in the ten
months ended with October at about SPA
100000. and to Porto Rico at 81. 500 600,
making it apparent that our exports to
those island in the ten months in ques-
tion amount to about $50, 600 900: while an
examination of the class of merchandise
exported to them in former years indi-
Gates that more than one-half is manu-
factures
This would indicate that a considerable
share of the apparent reduction in our ex-
ports of manufactures is due to the alb
sence of statistics Of shipments of manu-
features to those Islands. the exports to
which were formerly included in the
statements OF our foreign commerce Add
to this the facts shown in the above state
ment regarding the reduction in export
prices of iron and steel and mineral oil
and large proportion Of the apparent
reduction in exports OF manufactures is
accounted for.