Arizona republican., 1902-07-03
u. S. EXPORTS FOR
ELEVEN MONTHS
An Increase Over Same Period
Last Year
We Fell Short Only in Iron and STEEL
Products - The Importation of
These Articles Has Been In
creased.

Washington. July THO expectation
cf manufactures during the eleven
months ending with May, 1902. is great
than that Of any preceding year. ex-
cept in iron and steel. The total eX-
ports of manufactures for the eleven
mCnths ending with May amount to
$371 .G47, ,6C9, against $31S. .533, 496 in the
eleven months OF 1901. o" only $6.SS5, 8Si
less than these of last year. Tho eX-
ports OF iron and steel manufactures
for the eleven months are $40, ,S051i,
against $1C9, ,4S3, 1921 in the corresponding
nc9ths Of last year 4 reduction CT SIS,
7C3 256. From this it would appear that
the exports OF manufactures other than
ir;l and steel are $11, 1,S11,369 greater
than in the corresponding months of
the preceding year. The exports of
manufactures ether than iron and stael
are, for the eleven months ending with
May. 1862. $2S0. .SG7 ,03S. Fer the eleven
months ending with May. 1901, they
Were $269. 049. SOS. For the eleven months
ending with 1900 they were $3.50, ESQ. 104
but when it is remembered that these
fiCureS included the exports to Porto
Rico and Hawaii, which are not in
Guided in these OF 1901 and 1902 il be-
comes apparent that the exports OF
manufactures ether than iron and steel
/ in the eleven months of the present fis-
cal year are greater than those for the
sane period i'll any preceding year in
this history OF our commerce.
While the exports of iron and steel
have been decreasing. importatiols OF
] iron and steel have been increasing.
The following table shows the imports
and experts Cf iron and steel manufac-
tunes in eleven months of each CT tn"
fiscal years 1900, 1901 and 1902:
Eleven Imports Exports
/ MCaths- Iron & Steel. Iron & Steel.
| 1899 0........$ SIS, ,6S9,S57 Successes
/ 1851 ........... 16, 40S.S96 109, ,4S3. S21
/ 9C2............ 23,544,325 80, 7S0,511
From this it Will be seen that the i'm
! portaticns Of iron and steel manufac-
| lures have materially increased during
the three years, and the expectations
! Of iron and steel materially deer aased.
The cause CT this change in the toadi-
| ten OF the foreign commerce i, iron
/ and steel is discussed in thu repi.1 =
J the Iron and Steel association, just re-
tcived by the treasury bureau of stat
( istics. as follows:
A mal ked change has taken place
! in cur foreign trade in iron and steel
since this subject was prCmin antly re-
! fcrrad to in cur annual reports in 1889
and 1900 In 1890 and Immediately pre-
! ceding years the irCa and steel indus
/ tries OF Europe were exceptionally
/ pi 0sperOus: there was an active de-
,nand and prices were high. In the
yC2rs just prior to 1899 the prices 0i
We lover than they had eVer baen.
( Under theee conditions we naturally
found opportunities to dispose OF cur
surplus iron and steel products in neu-
tral markets and even in the home
markets of our European competitors.
I3ut these conditions have materially
! changed; the European demand and
! FcrCpcan prices have declined and the
! home demand ul;Gn our own iron and
steel works has greatly increased while
cur prices have advanced: hence sharp
I or competition in neutral and all for
eign ma1 kets and increased foreign
competition in our own markets.
The figures Of increased imports and
| decreased exports cf iron and steel
should not be hastily dismissed by our
iroa and steel manufacturers. We hope
| that tley VIII lSdu tnelil lilSltdiC W
dismiss the hought that the world :
markets for iron and steel are to be
/ easily captured and held. The activity
in Cur expert trade in iron and steel
in the last few years was exceptional
and abnormal. Not only is Europe
adopting our improved methods OF
manufacture but it viii always have
cheap labor. and by these agencies ii
I hi
and 2ggressively contend for the pos
, session OF neutral markets. For our
non and steel Industries. as we'll as for
I'll other domestic manufacturing in
! Gust:ies. CEr hCme market must al
ways be our best market
The following table shows the experts
By principal classes during the eleven
mcaths ending With May, 1861 and 1902