The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1902-09-05
COMMERCE.
TRADE STATISTICS FOR YEAR
JUST CLOSED.
Large Demand For Iron and Steel
Causes a Drop in Exports-An In
crease in Imports Is Shown.

The story of our foreign commerce
in the fiscal year 1902 is told in outline
in the opening page of the annual re-
port of the chief of the treasury bureau
of statistics, as follows:
The corn crop 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 $1O6, 0O0,OO0 in exports, and
an increase of about $50 900, 900 in inn
ports. The reduction in exports was
chiefly due to the shortage in the corn
crop in 1901, the reduction in the price
of cotton and an unusual home de-
mand for iron and steel manufactures.
The increase in imports was chiefly due
to larger demands for foreign materials
for use in manufacturing
The shortage of the corn crop of 1901,
due to drought, reduced the corn expor-
tations in the fiscal year 1902 $50, 900, 900
bushels below those of 1901 and caused
a reduction of $67 00O,O 900 in the value of
corn expectations. The export price of
cotton averaged about 1 cent per pound
below that of the preceding year. and
although the expectations exceeded in
quantity those in 1901 by about no.
600, 900 pounds, the total value of the
cotton exported fell nearly S23, 900 900
below that of 1901. In iron and steel
the increased demand at home, coupled
with abnormal conditions in the foreign
market, caused a reduction of about
$19,000000 in value of our exports of
that class of manufactures.
In importations there was an increase
of $7O,OOOO 90 DIN material for use in ma
nufacturing, $40, 0O0,0 900 in manufactured
articles ready for consumption and S12,-
1000 in articles of voluntary use, lux
uries, etc, but a decrease of $21, 900 900
in food stuffs. ImpOrtations of raw
materials for use in manufacturing
amounted to 1926, 900, 900, which was $5S,-
600, 900 in excess of the preceding year,
and of articles partly manufactured for
use in manufacturing the imports were
$91 900, 600, an increase of $4,000, 600. This
brings the total importations of manu-
facturers' materials imported far above
that of any preceding year in the his
tory of our commerce and industries.
The chief reduction in the exports oc-
Cured in the commerce with Europe
Compared with the fiscal years 1901 the
total exports to Europe fell off S12S,
600 600 and those to South America &c.,
900, 444, while those to North America
increased $1,000 900 to Asia and Oceanic
Sl3,00O,000 and to Africa $S000,0OO. The
reduction in the exports to the united
kingdom was $S30O0,0O0 to Germany
$19 100000 to the Netherlands $4,000, 900
and to France $7,O00,000 Nearly all of
this reduction is traceable to the
drought of last year and the reduction
in the price of cotton. The great fall
ing off in the corn crop not only reduc-
ed 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 off
about $4,000 900 in value. These condi-
tions, coupled with the increased de-
mand of the home market. also reduced
the available quantity of beef and beef
cattle for expectation and caused an
advance in the price of beef and the
expectation of beef and beef cattle fell
off about $100O0,000. Thus, the falung
off in corn and cornmeal, oats and oat-
meal and beef and beef cattle amount
ed to nearly $50, 100000. OF the $50, 000-
900 reduction in the exports to the
united kingdom about $31 eco 900 was in
corn, $1,000, 900 in cattle and fresh beef
S5,OOOOOO in oats and over $19,000.0O0 in
cotton although the quantity of cotton
exported to that country increased
meantime about 100000 pounds as
compared with the year Immediately
preceding. OF the $4,000 900 reduction
in exports to Germany $4,000, 900 was in
corn and about $4,000 900 in cotton, al
though the quantity of cotton increased
about 3S,OO0,000 pounds as compared
with the year Immediately preceding
To Asia, Africa and North America
there was a decided increase in expor-
tattons. To Japan exports were ST.
100000 greater than in 1901, and to China
there was an increase of $14,OOO.vvU over
1901; to Africa, an increase of $8,OOO,-
600 and to North America an increase
of $IOOO,O0O. The increase in imports
was: From Europe, S45, OOO, 900; Asia and
Oceania $15,OOO,OOO; South America, 3d.
100000; Africa, $4,000 900; North Amer
lea, $6,OO0,OOO.