The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-08-11
Corn Crop Deficiency the Chief Cause,
with Increased Imports Not
Enough to Balance Losses.
TRADE WITH GREAT BRITAIN
PRODUCTS CHIEF
BULK OF IMPORTS.
United States Furnishes About a
Third of Them-ArticIes of Lux
ury Not Very Numerous.
ecial to the Indianapolis Journal.

Special to the Indiana polls Journal
WASHINGTON, Aug. 1O.-The story OF
Americas foreign commerce in the fiscal
year 1902 is told in outline in the opening
page OF the annual report of the chief of
the Treasury Bureau of Statistics. as fol-
lows:
The foreign commerce 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 reduction
of about s1O6OOO,O coo in exports, and an in
crease of about SSOOOO,OOO in imports. The
reduction in exports was chiefly due to the
shortage in the corn crop OF 1901, the
duction in the price of cotton, and an un-
usual home demand for iron and steel man
ufactures. 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 expectations
in the fiscal year 1902. 100000 bushels be-
low those of 1901, and caused reduction OF
s67 COO in the value of corn expectations.
The export price of cotton averaged about
l cent pound below that of the preceding
year. and although the expectations ex-
coded in quantity those in 1901 by about no.
100000 pounds, the total value of the cotton
exported fell nearly s23.OOO,OOO below that of
1901. In iron and steel the increased demand
a home. coupled with abnormal condi-
lions in the foreign market, caused a re-
duction of about $19,OO0,OO in value Of our
exports OF that class of manufactures.
In importations there was an increase Of
$4,000, 900 in material for use in manu-
featuring. $4,000 600 in manufactured ar
ticles ready for consumption and s12,0000 900
in articles OF voluntary USE luxuries. etc,
but a decrease of 81, 100000 in food stuffs.
ImportatiOns of raw materials for use in
manufacturing amounted to $32s, 600 OO6,
which was $5S,OCOOOO in excess of the pre-
ceding year and of articles partly manu-
featured for use in manufacturing the i'm
ports were So. 900. goo, an increase of $4,000
900. This brings the total impOrtations of
manufacturers materials imported far
above that of any preceding year in the
history OF our commerce and industries.
The chief reduction in the exports in
the commerce with Europe. Compared
with the fiscal year 1901 the total exports
to Europe fell off SIPS 600, 900 and those to
South America S6OO0,C9O. while those to
North America increased S7.O00.000, to Asia
and OceaniCa Sl3 ZOO, co and to Africa 5000
600. The reduction in the exports to the
United Kingdom was $S3000,000, TO. Germany
49, 900. 600 to the Netherlands 50 900, 900 and
reduction is traceable to the drought of
last year and the reduction in the price of
cotton. The great falling off in the corn
crop not only reduced the quantity of corn
available for expectation, but caused the
consumption at home of larger quantities
of oats, so that expectations of oats fell
OF about SS,OOOOOO IN value. These condi-
lions, coupled with the increased demand
of the home market, also reduced the
available quantity of beef and beef cattle
for expectation and caused an advance in
rNrfnn ~ nr,d h..
beef and beef cattle fell off about $40 900 COO
Thus the falling OF in and corn meal,
oats and oatmeal and beef and beef cattle
amounted 10 nearly 800. 900 600 OF the $50
O00, 900 reduction in the exports TO the United
Kingdom about SS1 600, goo was in corn Sill
0G1,000 in cattle and fresh beef So. 900 600 in
oats and over $40 600. 900 in cotton. although
the quantity of cotton exported TO that
country increased meantime about 5000 900
pounds as compared with the year imme-
diately preceding. OF the S19. 900 600 reduc-
ton in exports to Germany $4,000 900 was
in corn and about 5000, 600 In cotton, al
though the quantity of cotton increased
about 3s.Oo0.ON pounds as compared with
the year Immediately preceding. To Asia,
Africa and North America there was a de-
cided increase in expectations. To Japan
exports were S2,o0o,0O0 greater than in 1901.
900 600 over 1901. 10 Africa an increase of
IS .0OO, 0cO and TO North America increase
of 100000. The increase in imports was:
From Europe, $45. 600 600; Asia and Oceania
S15 OO0. 600; South America, SO, O00. 600; Africa
s.. 0O0. 900; North America. 100000.
The increase in imports, already
stated was chiefly in manufacturers ma
terials. which formed a larger total than
in any preceding year in the history Of our
commerce and industries The total impor-
tation of manufacturers material amounted
to S4I9, 900 COO, or S70OOO,O00 more than in
1901 and formed 10 per cent. of the total
imports. against AZ per cent. in 1901. OF this
$419 900, goo OF manufacturers materials i'm
ported the value of $32S,0OOO00 represented
articles in a crude condition for use in
manufacturing, and S91, 100000 articles part
ly or wholly manufactured for use in man
ufacturing. OF the $685., 600 600 worth of raw
materials imported fer use in manufacture
ing the principal articles were hides and
skins SIS 900 900: raw silk. S42 100000; fibers,
$50 600 coo: rubber, $25 900. 900; copper, $25-
$4,000 900; tin. $1,000 OOO tobacco SIS, 600 600;
cotton $12. 900 900, while chemicals, which
are chiefly used in manufacturing,
amounted TO s5s, ZOO, 600.
While manufacturers have increased
their importatiOns of materials for in
also increased their exports. The chief
class in which there has been reduction
in exports is, as has already been stated,
manufactures OF iron and steel. in which
the reduction amounted. in round terms,
TO 800. 600 600. while the total exports of man
thus indicating that in other classes of
manufactures there has been an increase of
exports. This increase is chiefly in cotton
manufactures, of which the total exports
for the year were $50. 900 COO being larger
than in any preceding year. The chief in
crease in the expectations of cotton manu-
features is TO China, TO which the exports
OF cotton cloths last year were 3S5 900 900
yards. against 100000 yards in 1901 and
IS, &C., 600 in 1890.