Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1902-07-14
DIMINISHED By DR0U|H
Effect OF Last Years Dry Wealth
er Upon Export Trade Was
Marked.
The Reduction in Corn Alone
Amounted in Value to &c.,.
100000.
Oats and Other Products Also
Show Greatly Diminished
Export Volume.

Washington, July Is. = 1t is now
practicable to determine the effect oil
The drouth of 1901 upon the export
trade of 1902 The treasury bureau OF
statistics has Just completed it's pre-
liminary figures on the exports OF
breadstuffs and provisions and, as they
show about 81 per cent of the total eN-
ports. of in these lines Il
reasonably accurate measurement
of the expectation of articles af-
fected by the drouth of last year can
row be made The tables show the eX-
ports of quantities and value of corn
and corn meal, oats and oatmeal. wheat
-four and other breadstuffs. also live
cattle. fresh beef and other beef prod
ucts as We'll as other provisions. The
direct and most marked reduction, OF
course, is in corn. which was most
The expectation of corn 1T the principal
ports, shown by the preliminary report
O. the bureau of statistics, amounts to
.6,000,000 bushels in the fiscal year end.
ing June 80, 1902. against 116. 100000 at
the same ports in the preceding year,
the value for 1902 being $4,000. 900,
against $S2000.000 in the preceding
year, a reduction of S66.000,000. The
complete figures will probably show the
total exports at about 27.000,000 BUSH
els, against 1S1,000,000 in the preceding
Year. Expectations of corn meal have
also fallen from $2,00O,0OO in 1901 to
Sl.OOO,O0O in 1902, making the total re-
auction in corn exports in round terms,
as shown by the preliminary figures
S61,0O0oO0 Compared with the fiscal
year 1900 the reduction is still greater
The corn exports of the fiscal year 1900
We're the largest in the history of our
export trade, having amounted to 213.-
l2o,4l2 bushels, while for the year just
ended the complete figures will amount
to about 27,000,000 bushels.
But the effect of the drouth upon the
export trade did not stop with corn. tho
In this item it is most largely apparent.
The reduction in the quantity of corn
for live stock naturally in
creased the consumtion of oats, and. as
a reslt. the expectation of oats fell off
from 37,0000O0 bushels in the fiscal
year 1901 to 100000 bushels in 1902,
and the value from about 1000. 600 in
1901 to 100000 in 1902 In oatmeal.
expectations fell from 10000 900 pounds
in 1901 to 59,0OO,OOO pounds in 1902.
while the value fell from $2,225 600 in
1901 to little over Sl.50O,OOO in 1902.
Thus the reduction in value of the eX-
ports of breadstutfs, clearly traceable
TO the drouth was: Corn and corn
meal, SG7,OOO.O00; oats and oatmeal, $S,-
100000; total s75,0O000O
Two other marked reductions in the
expectation of products of agriculture
are beef. including live cattle, and cot
ton. The expectation of live cattle has
fallen from 100000 in 1901 to $4,000 in
1902: the expectation of fresh beef from
350O00,000 pounds in 1901 to $4,000
900 pounds in 1902, and the total value
of cattle and beef products has fallen
from $SOO00,OOO in 1901 to 500 .oOO. 600
in 1902, a loss of s11,OOO.0OO. In cotton
the reduction is wholly due to the re-
iuced prices. the quantity exported for
the year being 160,000000 pounds
greater than in the receding year, while
the value was $24,000.000 less than the
year.
one other item of exports which will
show 4 marked reduction during the
asst year is iron and steel. While the
total figures of exports have not been
received by the bureau of statistics,
sufficient have been received to justify
an estimate that the reduction in eN-
ports of iron and steel will amount, in
round terms to $20.O00,000, due in
arge measure to increase in the home
demand upon our manufacturers, and in
part to the decreased abroad. The prin-
cipal reduction in the export trade of
he year will then stand: Corn and corn
neal and oats and oatmeal. $4,000. OOO
md beef cattle, Sill ,O00,00O due i'm in
creased home demand and shortage in
for feed of stock; cattle $24,-
100000, due to reduction in prices;
of iron and steel S20,-
100000. due to increased home demand
and decreased foreign demand.
Thus in the four items of exports,
lotion, and manufacturers of iron and
steel, the reduction for the fiscal year
vii! amount to about $130.000,O0O while
he total reduction in all exports is
cut about $90.O0OO0O thus indicating
hat the general exports aside from
hese four classes, in which conditions
we're abnormal, will show satisfactory
growth when the complete figures of
he fiscal year are presented.