The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-07-16
DECREASE IN EXPORT
EFFECT OF THE DROUGHT OF 1901
on THE TRADE OF 1902.
Enormous Reduction i'm the ship
ments of Corn To Foreign Lands
Decline i'm Other Breadstuns.

WASHINGTON. July 15.-It is now prac-
ticable to determine the effect OF the
drought OF 1901 upon the export trade Of
1902. The Treasury Bureau OF Statistics
has just completed its preliminary figures
on the exports of breadstuffs and provi-
sions and. as they show about % per cent.
of the total exports. a reasonably accurate
measurement OF the expectation OF articles
affected by the drought of last year can
now be made. The tables show the exports
of quantities and value of corn and corn
meal, oats and oatmeal. wheat -four and
other breadstuns. also live cattle. fresh
beef and other beef products as well as
other provisions The direct and most
marked reduction. of course. is in corn.
which was most largely affected by the
drought of 1901. The expectation of corn
at the principal ports. shown by the pre-
liminary report of the Bureau Of Statistics.
amounts TO 100000 bushels in the fiscal
year ending June 80. 1902. against 100000
at the same ports in the preceding year.
the value for 1902 being 100000. against
$S2. 600, 900 in the preceding year, reduc-
ton of sec 900 900; the complete figures viii
probably show the total exports at, about
"a 600 bushels. against lSl,VOVO IN the
preceding year. Expectations OF corn meal
have also fallen from IN iSol 10
81 Goo 600 in 1902. making the total reduction
in corn exports in round terms, as shown
by the preliminary figures, S6i,O1oOVJ- COM
pared with the fiscal year 100 the reductlon
is still greater: the corn exports OF the
fiscal year 1900 were the largest in the his
tory of our export trade. having amounted
TO 2l3.123.4l2 bushels. while for the year
lust ended the complete ngures VIII
amount to about 27.00O,Oo0 bushels.
But the effect of the drought upon the
export trade did not stop with corn, though
I "a rsr.lNN
The reduction in the quantity OF corn
available for live stock naturally increased
the consumption OF oats and, as result.
the eXpOrtation OF oats Tell OF from ot,vVV,-
coo bushels in the fiscal year 1901 TO 100000
/ bushels in 1902 and the value from about
! Sl2 900 900 in 1901 10 S40G0,eo in 1892 In oat-
meal exportatio fell from 81. 100000 pounds
in 1901 to 100000 pounds in 1902, while the
value fell from f2,l2O0 In lsOl 10 ltte
! over 81 $4,000 in 1902 Thus the reduction
in value OF the exports OF pIeaus ,tl,s,
and corn meal. So 600: oats and oat-
meal sS.OoooOO; total, S1S.cOOooo
Two other marked reductions In the ex-
/ portatfon of products Of agriculture are
/ beef-including live cattle-and cotton The
| expectation OF live cattle has fallen from
4Ol 900 in 1901 to $4,000 in 1902, the exporta-
/ tto1 of fresh beef from $50. 100000 pounds in
| 1901 TO 800 0O0. 600 pounds in 1902. and the
| total value OF cattle and beef products mas
fallen from $4,000 900 in 1901 to S6SOoOV0e IN
| 1902 a loss OF $l1O0O.0C0. In cotton the re-
| auction is wholly due 10 the reduced prices,
/ the quantity exported for the year being
! 100 900 900 pounds greater than In the pre-
cedfnR wear. while the value was S24,0O,OeO
/ less than the preceding year
One other item of exports which VIII
! show a marked reduction during the last
wear IS iron and steel. While the total flg
] yres of exports have not been received by
/ the Bureau OF Statistics. sufficient have
/ been received 10 justify an estimate that
| the reduction in exports OF iron and steel
/ will amount in round terms. 10 S200cO.O0O.
due. i'm a large measure, TO Increase IN the
| home demand upon our manufacturers and
| in part. TO the decreased demand abroad
! The principal reduction i'm the export trade
| of the wear will then stand: Corn and corn
| meal and oats and oatmeal, S75.O0O,000, due
chiefly TO the drought Of 1901; beef and beef
I cattle. S1l 100000. due 20 increased home
! demand and shortage in material for feed
/ of stock; cattle. $4,000 go. due TO reduction
I'm prices; manufactures OF iron and steel,
! 600 900 600 due 10 increased home demand
| and decreased foreign demand.
/ Thus in the four items OF eNports-corn
1 and oats beef and beef cattle, raw cotton
! and manufactures OF iron and steel-the re-
! auction for the fiscal year will amount TO
! about 10000, OOO while the total reduction
J in all exports is but about &OOOOVO, thus
! indicating that the general exports, aside
from these four classes. in which condi-
! tions were abnormal will show satisfac-
tory growth when the complete figures OK
the fiscal year are presented.