The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-03-18
EXPORTS FALL OFF
Notably on Corn, Iron and
Steel Products.
HEALTHY HOME DEMAND
Prevents Shipments to Euro
pean Countries.

Washington. D. c.. March IT.-Prosper-
ity at home and depression abroad are
cited as the principal causes Of the con
tinued fail in the expectation Of manu-
facutres Of iron and steel. Two items in
the exports of the United States now
show Z marked reduction compared with
those OF last year-corn. and manufact-
ures Of iron and steel Expectations Of
corn in the eight months ending with Feb
ruary, 1902 amounted. according 10 the
preliminary figures Of the Bureau II Sta
tistics, Just issued. TO only 29.s1s.Ss5 bush
els, against Is2. ga. $50 bushels in the cor
responding months Of the preceding fiscal
year, the value being in the eight months
ending with February 1902. s1s.6S3, 205.
against $50. 81 $50 last year. a reduction in
this single item OF Sc. OPS, $50. This reduc-
ton. Of course. was caused by the short
age in the corn crop due 10 the drcuth
of last summer.
The other important item II which 4
reduction IS apparent is manufactures Of
iron and steel The exports under this
head are for the seven months ending
with January, 1862. Is million dollars be-
low those of the corresponding months
Of last year. being $3.50, rs for the seven
months ending with January 1902. against
$73, 616. 467 in the seven months ending with
January. 1901. This decrease in the value
OF iron and steel exports is said by those
interested in the iron and steel industry
of the United States to be as easily ex-
planned as the decrease in the xporta-
tons Of corn. above referred to.
The cause Of the phenomenal growth
in the exports OF iron and steel manu-
features within the past few years was
the depression existing IN the home mar
ket from 1899 to 1897. by which the de-
mands upon the American manufacturers
were small and which conditions was i'm
mediately followed by unusual demands
for iron and steel manufactures abroad.
thus enabling the American manufacturer
to enter the markets of those countries.
At the present time conditions are, to a
considerable extent, reversed. the de-
mand abroad bing considerably reduced
and that of the home market. according
20 the best authorities IN iron and steel
matters, being absolutely in excess OF the
producing capacity of the iron manu-
facturers and of the railroads tc handle
the products so demanded. The result
is that the manufacturers are naturally
turning their attention to the supply Of
the home market; and IN certain classes
of their products. notably pig iron. steel
rails, steel plates, and structural steel.
there is a considerable decline in ex-
ports. which may be expected to continue
so long as the home demands equals or
exceeds. as at present, the producing
capacity OF the manufacturers and the
carrying capacity Of the railroads. In
other lines OF iron and steel the exporta-
tons continue at about the former
figure. especially in agricultural machin-
cry, tools. builders hardware. etc.
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