Arizona republican., 1902-12-04
PUBLIC MONEYS.

II i States, 9 subtreasury officers. and 574 national bank depositaries. The amour; of public moneys held by the bank de | positaries on June 30, 1902. including | funds. to the credit of the treasurer's l general account and United States dis ] bursting officers, was $123. .S9359, an in- crease since June 30 1901, of $23,972. = 573.64. On June 30 1902. there were 329 | temporary depositaries.- One hundred and eleven were designated during the year and 19 discontinued. On Novem- Der 1 there were 442 temporary deposi- taries, and the total of public moneys held by all depositaries was $146 SS5.- 012.49.
 NATIONAL BANKS.
 The number of associations in active ! operation October 31, 1902. was 4.67S. with authorized capital of $713, ,435 695: | bonds on deposit to secure circulation. $33S, ,352, ,670. and circulation outstanding secured by bonds. $335, 7S3. .1S9.
 During the year ended October 3I. 1902, the number of national banks was increased by the formation of 40 asso- ciations, with total capital of S3l. 13O,- 000 of which 302 with capital of s. SO5.O0O. were of the smaller class, ana ] 16S with capital of $23, 225, 900. of tSe ! larger. The net increase, however, was | but 399. Nine associations were closed | by expiration of their corporate exist ence, 6S by voluntary liquidation, and l by appointment of receiver. Two as sociations heretofore in charge of re ceiVers were placed in a solvent condi- ton and allowed to resume business.
 Comparing conditions on September 15, 1902, with September 30, 1901, there is shown to have been an increase in i total resources of $41S,5 ,61754. The ! increases during that period in the principal items of resources and lia- bilities were as follows: Loans and discounts, $261.511. .562.29; United States ! bonds. $l2.570,520; capital stock, $5O.- l9S.5S7: surplus and other profits. S65,- | GiS.S57.Sl; individual deposits, S271,- | O,G60.GO.
 | LOANS AND CURRENCY. 1 The amount of the interest bearing debt outstanding July l. 1901. was $9S7, III, ,040. On that date the govern ment was still purchasing United | States bonds for the sinking fund, and such purchases were continued with slight intermissiOns until March 15, | 1902. The total amount purchased and ! ! fiscal year 1902 was $56, ,O71, ,73O, and the disbursement for this purpose was | $7O. 41O. .94l.33.
 Of the gold coin in circulation. there | has been decrease of $9, ,4S4 S26 since | November 1, 1901, and a decrease of 1 $l5,6S6, 336 in the treasury notes of 1890. The circulation was increased, how ever, by standard silver dollars to the l or ,F yer in the sum of S7.90O. .364: by gold cer- | tificates to the amount of s61, ,077, ,535: : by S21,SG0. 101 in silver certificates; by ! S4,S5S054 in United States notes. and S15, 332, ,920 in national bank notes. ! The estimated population of the | United States November l, I9Ol was | 1,OO0, and the per capita supply or money outside the treasury was S2S. .72. The estimated population and the per capita supply of money November I. 1902. were 79.572, 900 and s29.56, respect ively.
 FOREIGN COMMERCE.
 The marked characteristics Of the foreign commerce of the United States during the fiscal year ended June 30. 1902, were a decrease of $1O6, ,O45. .59O in exports and an increase of sSO, 14S. .7S3 in imports. The total exports of the year were s1,3S1, ,719,4OI. of which s1, 355, ,tS1. .S61 was of domestic produc- ton; the total imports were Ss03, ,32O, . 94S. making the excess of exports over imports SAYS. .3S8, 453. The decrease in exports is chiefly due 10 the unusual
 home demand, to the shortage in the corn crop of 1901. and to a reduction in prices of certain great staples ex- ] a Inc
 home market for manufactures of iron and steel caused 2 reduction of SIS
 166,75S in the domestic exports of iron and steel manufactures; the shortage in the corn supply, due 70 the drought of 1901, caused a reduction of $67, ,S61 ,O99
 in the value of corn and corn meal exported. and the fall of upward or
 cent per pound in the average price
 of cotton, as compared with 1901. re- suited in q reduction of S23, ,O24, ,62i in the
 value of cotton exports, although the
 quantity exported In 1902 was greater
 than that of 1901. Aside from these
 exceptional cases. the export figures of
 the year compare favorabIy with those
 of preceding years.
 The increase in importations was
 chiefly due to an enlarged demand by
 manufacturers for raw materials for
 use Tn manufacturing, the increase in
 the importations of manufacturers
 materials of all classes being $69, ,732. =
 22l; and to these was added an ir-
 crease of S19. 7OS .269 in articles mauu-
 factured ready for consumption. and
 $ll,S59, 15O in those included Tn the class
 articles of voluntary use. luxuries, .
 etc. while in articles of food there wNs
 a reduction of $21, ,151, 457 In iron and
 steel alone. the importations of articles
 partly or wholly manufactured in-
 creased s9,3O5,45S bringing the total
 imports of iron and steel manufactures
 to point higher than at any time
 since 1893. The increase of $SO. 14s. 7Sg
 Tn importGtions has brought the total
 import figures of the year to a poin,
 higher than ever before. the total value
 of importations of 1902 being S9O3. .32O.
 94S, against SS56 40O,922 in 1893. the
 highest record of preceding years. This increase. as already noted, occurs chiefly in manufacturers materials
 the principal increases being in unman-