The Providence news. (Providence [R.I.]) 1891-1906, 1902-08-11
COMMERCE OF UNITED STATES
FOR THE FISCAL YEAR 1902

The story OF our foreign commerce In
the fiscal year 1902 is told In outline in
the opening page of the annual report
OF the chief OF the treasury bureau OF
statistics, as follows:
''The foreign commerce OF the United
States In the fiscal year 1902 was larger
than in any year OF its history except 1901.
Compared with 1901 there was a reduc-
ton of about s1o6 100000 in exports: and
an Increase of about sso, 100000 in imports.
The reduction in exports was chiefly
due TO the shortage in the corn crop OF
1901, the reduction In tie price OF cotton,
and an unusual home demand for iron
and steel manufactures. Tho Increase
In imports was chiefly due TO larger de-
mands for foreign materials for use In
manufacturing.
The shortage Of the corn crop or 1914,
due to drought, reduced the corn cx-
porta tions in the fiscal year 1902. $50, Oc00
bushels below those OF 1901, and caused
a reduction OF SCI. 100000 In the value OF
corn expectations. The export price of
cotton averaged about cent per pound
below that OF the preceding year. and al
though the expectations exceeded In
quantity those In 1901 by about 17o.oo0,oo0
pounds, the total value Of the cotton ex-
ported fell nearly s2S 10000 below that of
1901. In iron and steel the Increased de-
mand at home, coupled with abnormal
conditions in the foreign market, caused
a reduction OF about sl9. 100000 In value
OF our exports OF that class Of manu-
features.
In importations there was an increase
OF $4,000. 900 in material for use In
manufacturing. $40. .0O0 900 In manufactured
articles ready for consumption, and $l2-
000, 900 in articles OF voluntary use, luxu-
ries, etc, but a decrease OF s2l 100000 In
food stuffs. Importatlons Of raw mater
ials for use In manufacturing amounted
TO $32S. .O00. 900. which was Ss,0o0,0O In ex-
cess of the preceding year. and of arti-
cles partly manufactured for use In
manufacturing the imports were 31,0O0
600. an increase Of Sl2. 100000 This brings
the total inportations Of manufacturers
materials imported far above that OF any
preceding year In the history .of our
commerce and Industries.
The chief reduction I'm the exports oc
CURED in the commerce with Europe.
Compared with the fiscal year 1901, the
total exports to Europe fell off si2S, ,000-
0O0g and those to South America So. 000
900, while those 10 North America in
creased $1,000. 900. to Asia and oceanica
$13. 900. 900. and TO Africa sS,000,000 The
Kingdom was $50, 100000. TO Germany
$40, ,O00. 900, TO the Netherlands S9,OOo,O0O,
and 10 France s7,000.0 600.
Nearly all Of this reduction Is tracea-
BILE TO the drought of last year aud the
reduction In the price Of cotton. The
great falling OF I'm the corn crop not only
reduced the quantity OF corn available
for expectation, but caused the consump-
ton at home OF larger quantities. OF oats.
so that expectations OF oats fell of about
IS, 600 600 in value. These conditions,
coupled with the increased demand OF the
lone market. also reduced the available
Quantity OF beef and beef cattle for ex-
portation and caused an advance In the
price OF beef. and the expectation Of beef
and beef cattle fell or about sl0.000,00O.
Thus the falling OF I'm corn and corn
me,sr. oats and oatmeal and beef and beef
cattle amounted TO nearly $50, 100000.
OF the $50. 900 900 reduction in the ex-
ports 10 the United Kingdom, about $751;
900 900 was I'm corn. sli.0 1000 In cattle
and fresh beef s5. 600 900 I'm oats. and over
$40 O00. 900 m cotton. although the guam
tity OF cotton exported 10 that country In
creased meantime about 1900. 900 pounds,
as compared with the year Immediately
preceding
OF the $40. 900. 900 reduction in exports
10 Germany si4 900. 900 was In corn and
about s.. 900, 900 I'm cotton. although the
quantity OF cotton increased about as
600 600 pounds. as compared with tho
year irnmediatel preceding. To Asia,
Africa and North America there was
decided increase IN expectations. To
japan. exports were - 600. 600 greater
than IN 1901. and 20 China there was an
Increase OF $4,000. 900 over 1901: 10 Afri-
ca an increase OF $4,000. 900. and To North
America an Increase of $4,000 The
Increase In imports was. from Europe,
s45. 900. 900. Asia and Occanica sl5.o0o.0oO,
South America ~, 900. 900. Africa s5.O00.-
600. North America te.00O.oo0.
The Increase IN imports. as already
stated, was chiefly IN manufacturers ma
teriais. which formed n larger total man
In any preceding yeer IN the history y,
our commerce and industries. Inc tgta
amounted 20 slla Oon 600. or s70,ovo.cO0 more
than in 1871. and formed .s per cent o,