The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-07-20
Which show that Exports of Manu-
features from the United states
Continue TO Increase.
WEEKLY REVIEWS OF TRADE
GENERAL BUSINESS NOT SERIOUSLY
AFFECTED BY STRIKES.
Retail Distribution of Goods Not Like
Iy to BE CurtaiIed Unless La
Dor Troubles Are Prolonged.
Special to the Indianapolis Journal.

Special TO the Indianapolis Journal
WASHINGTON, July 10. - Exports OF
manufactures from the United States APP
pear TO be slightly less in the fiscal year
just ended than in the preceding year, the
figures for the eleven months ending with
May showing an apparent reduction OF
$l4.565, 030. This statement, however, Is
misleading, because the figures or the year
1901 do not include the exports 10 Porto
Rico and Hawaii which were included in
former years. and which are largely manu-
features and which will aggregate S2S.OOOOCO
for the fiscal year. Were it possible for the
Bureau of Statistics TO include in its fig
ures of exports of manufactures those sent
10 Hawaii and Porto Rico the figures or
1901 would differ little from those of 1900.
Indeed, an analysis OF the general export
figures of manufactures for the eleven
months now available shows in most cases
an increase over 1900. and that the decrease
is confined to a few articles and is due.
in some cases at least TO a fall In price
rather than reduction in quantity. In
Illuminating oils, for instance the export
figures for the eleven months ending with
May, 1901, show decrease of Si,5OO,OOO in
value, but an increase OF nearly 50000,OV0
gallons. the accurate figures being: For
the eleven months ending with May, 1900.
66S, 55452S gallons, valued at SOL, 1853, 197. and
for the eleven months of 1901 III. Si2, 276 gal
Ions, valued at SIZES S3 Two other great
articles or our exports of manufactures
show a reduction in 1901, compared with
1900 viz, copper and cotton manufactures,
and these. indeed. form the chief reduction
in the grand totals for the year 1901
compared with 1900. in the latter, cotton
manufactures, the reduction is due entirely
TO temporary conditions in China. The to-
tai exports of cotton manufactures in. the
eleven months ending with May 1901. are
SI,2152D, against $22,0S0, 5S3 in the corre-
spending months of last year, a reduction
OF A,o00,2S4 while an examination OF the
hgureS OF the exports of cotton cloth 10
China shows that they fell from s., 2SS, $40
In the eleven months of 1900 to $300i,72l in
the same months Of 1860, a reduction of
s., 30 in this item alone. Thus the reduc-
ton in the expectation of cotton manu-
factureS Is entirely accounted for in this
single item of cotton cloths TO China
where the reduction is, of course, but tenn
porary. due 10 the disturbances in that
country during the first half of the fiscal
year. The only remaining item in the list
or exported manufactures which shows a
aterial reduction is copper which shows
a fall OF 63. 72l. $40 pounds in quantity and
$ll SIS in value during the eleven months
ending with May, 1901. as compared with
the same period of 1900. though the value Of
copper exports in 1901 is more than 100000
in excess of the corresponding months Of
1899.
In large share of the important articles
of our exports OF manufactures the figures
of 1901 show a marked growth over those
of the preceding year and Of any preceding
year. In steel rails. for instance. the cx-
ports during eleven months of 1901 are more
than 81 0OO, 900 in excess OF the same months
of last year; in pig iron there Is an increase
of 81 .O00, 600: in bars and rods of steel an
increase of sl.50000 in electrical machin-
cry, $l,500,000. in boots and shoes, over ST.
0000; in cottonseed oil, nearly $1,000. 00O
in carriages and cars, 10000 600; in chem
icals, more than 1000. 0O0 in scientific in
struments. 100000: while. as already in
Dictated, in some cases where the values
have decreased there is still an increase in
quantities. the apparent reduction being
due to the fall in price and not to a re-
duction in the quantity exported.
American manufa cturerS have, therefore,
no occasion for anxiety regarding the slight
apparent decrease in the export figures Of
manufactures in 1901, which is due: First
to the fact that shipments of goods to Porto
Rico and Hawaii, aggregating more than
$40, 100000 in the year just ended. are no
! longer included in the list of exports, as
was formerly the case second, that the
| reduction of over $4,000 600 In exports of cot
ton cloth and mineral oils to China may be
| looked upon as due entirely TO temporary
causes: third, that in numerous instances
| the reduction is due to a fall in price, while
! there has been an actual increase in guam
| tity, and, fourth, that in the principal item
of decrease-copper-the figures exceed
| those of any preceding year except 1900, in
which year the demand abroad for cleo
| preceding year.
1 a