New-York tribune., 1902-06-29
EXPORTS or NANUFA CTURES
INCREASE FOR ELEVEN MONTHS IN
ALL SAVE IRON AND STEEL

Washington June IS (SpeciaD-The expectation
manufac actures in the eleven months ending win
MAY, 1872. - greater than that OF any preceuiiie
year except in iron and Steel The total exports
OF manufactures for the eleven months ending WITH
Nav amount to 1911 64 sos. against s2S.53Si9 i96 in
the eleven months of 1901 only s6,SS5SS' less 'haii
those of last year. The exports OF iron anu S'eei
manufactures for the eleven months $50, lsool.
against sl09 SGT in the corresponding months VI
last year a reduction of SIS I0S,256 From ths II
would appear that the exports of manufactures
other iron and steel are s1Sl,369 greater imam
in the corresponding months OF the preceding year
The exports of manufactures other than IRON ana
steel are. for the eleven months ending with May
1872 $3.50 S61. .O3S For the eleven months endlhS
with May 1901, they were S269,oiSooS For tHe
eleven months ending with May. 1gD. theS were
s2S5 O50 704, but when it is remembered that 'hese
figures included the exports to Porto Rlco ana
Hawaii which are not included in those of 1901
and 1902. 1t becomes apparent that the exports OF
manufactures other than iron and steel III the
eleven months of the present fiscal year are greater
than those the period in any preceding
year in the history of our commerce
While the exports of iron and steel have been de-
creasng import atoms of iron and steel have been
increasing. The following table shows the imports
and exports of iron and steel manufactures in
eleven months of each OF tie fiscal years 1900 i~i
and 1902: ,,r,s
Eleven months Iron and Iron and steel
1850 SIS 6s9 50. Sli0Ms' SIG s $40 20
a I9 20 20 slassS 90 7s057i
From this it will that the importations
OF iron and steel manufactures have materially IN
creased in the years and the expectations OF
iron and steel materially decreased. The cause Oh
this change in the condition of the foreign COM
merce in iron and steel is discussed in the report
of the Iron and Steel Association. just received by
the Treasury Bureau of Statistics follows:
A marked change has taken place in our foreign
trade in iron and steel since this SUBJECT was
prominently referred to in our annual reports IN
1899 and 1900 1899 and immedldte teIy preceding
years the iron and steel industries of Europe were
exceptionally prosperous: there was an active de-
1899 the prices of iron and steel in the onlted
States lower than they had ever been l noer
these conditions naturally found opportunities
to dispose of surplus iron and steel products
neutral markets, and even in the nome mdrKetS
European competitors But these conGl-
tions have materially changed: the European de-
mand and European prices have declined. ana i me
has greatly increased, while our prices have ad-
vanced hence sharper competition in neutral and
all foreign markets and Increased foreign compet-
ton in own markets.
The figures of increased imports and decreased
exports of iron and steel should not be hastily dlS
missed by iron and steel manufacturers We
hope that they will lead them instead to dismiss
the thought that the worlds markets FOR IRON ana
steel are to be easily captured and held. Ihe ac-
tivity in export trade in iron and steel IN the
only is Europe adopting our improved methods OF
manufacture but IT will awa avs have cheap labor
and by these agencies it can hold 1ts own mar,
kes and actively and aggressively contend for the
possession Of neutral markets. For our IRON ana
steel industries, well for all other domestic
manufacturing industries our home market must
always be our best market
The following table shows the exports by prin-
cipal classes during the eleven months ending with
May 1901 and 1902, respectively: