Arizona republican., 1902-03-25
PHOENIX. ARIZ., MARCH 9. 1892. l
The reduction os forty-one million
THE


 dollars in the exports Of the Unite1
 States for the eight THE months ending with COUNTRIES February is not con- GREAT sidered at all discour- BUSINESS. aging by those interest
 ed in tke growth Of our export trade, nor is it an indication Of a decline in the general growth of that trade. On the contrary, in all i'm portaEt articles except three, in which conditions are abnormal. there has been an increase. The decrease is sole iy or practically so in corn, due to the great crop shortage caused by the droUth cs last summer, ir copper, in which prices have greatly fallen, anG in ircn and steel manufactures, due to the unusual demand of the home mar ket upon cur manufacturers and the reduced demand in foreign markets. Tn corn and corn meal alone the ex- ports fall more than forty-seven million G,Hars below these oe the corres,.onding period cf las year, while the total decrease in all exports is but S41. 1.O12.5St: show il4g that if corn exports were normal the total figures would show an in crease Of mere than six million dollars over last year and over the correspond ing period Of any preceding year. In iron and steel maarfac ctures, the fig ures of the seven months ending with January G7eb~J1ary figures being Eos yet avanable) show q reduction of about sixteen million dollars n ex- ports, this, as has already been e,- piained being due to the excessive de- fnalufa cturers and the lower prices and reduced demand abroad. h wheat the exports fer She eight months show an increase of nearly thirty million dollars compared' wish those of the same months ct the pre- cediag year; and in provisions there is an increase Of five million dollars Tn -ccttcn the month of February shows an increase Of over two million dollars compared with Feb ruary, 19C1 though the six months Of the cotton year ending with February show Q decrease Of about ten million dollars. due to lower prices and not to any reduction in quantity. the number Of pounds exported during the period being 2,6SS, ,347613. against 2,S5S. .24+. 325 pounds last year, an increase of over 33o. Geo pounds. In mineral oils the preliminary figures 3f the treasury bureau Of statistics for the eight months ending with February show ar increase Of nearly two million dollars over those Of the corresponding months of the previous year, measured by val ues. while in quantity the increase is in much greater proportion. The tct;G number of gallons shown by the pre- lminary statement of the bureau o: statistics fer the eight months is 729,- 15G, ,201, against e7S, ,93l, ,765 last year, an increase Of 7.2 per cent; while the yalue 2s shown by the same statement is, for the eight months ending with Tebru- ary. 19G2, SzS.155,f75. against $:5.z95.S54, an increase Cf 3.5 Fer cent. Thus this feature Of cur export trade, mineral oils, which q few months ago was showing 9 decline, has fully recovered and it's experts now exceed those Of any preceding year both in qaant!tT and value. In copper, the cnly otiiei- important article which showed 8 d. cline the figures for January show aa increase of nearly 50 per cent in auan- tity, and a slight decrease in value compared with those Of January, 190l (February figures being not yet avail able), though for ti,e seven montas ending with January. the export figures still fall considerably below these of the preceding year.
 Thus, corn in the eight months end ing with February, 1902, has fallen forty-seven million dollars in the value cf it's exports, solely due to the shortage caused by the drouth O. last summer; copper in tl-e seven months ending with January showed a falling of of Se.55GS5 by reason of the enormous fall iii prices and ia foreign demand: and manufactures Cf iron and steel showed in the seven months decline of SIG 3o6.529. due to increased markets at home and reduced prices and demand abroad. Tn these three items. in each of which the fa!irs of i1 e@9or5s is due to exceptional causes auE r,ey b. co-sidered as temporary. the reduction fs cver 7e,ooe. C00 doiiars, while the to- tal reduction in exports for the eight months ending with February is aut 4toco,oee dollars, showing that ia other articles than those in Uhieh conditions are ae2orrnaL there has been an fn~ crease in exports of more than thirty million dollars.
 Even with this decrease of 41,0OOo00