The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1903-06-24
COTTON rs KING.
gAlon OF ExpoKTs WILL
Exceed That Sum, Though Quanti'
Crop of 1898.

Cotton is still king in the export
records Of the United States, ano us
record in the present year is likely W
surpass that of any proceeding year
The value OF raw cotton exported III
the eleven months ending with May
is. according to the preliminary 1g-
ures of tn treasury bureau OF status
tics. s30S. ~. .Oa5. which is IS. 100000
in excess of the highest eleven months
figures heretofore recorded by this
preliminary statement. The highest
eleven months record for any earlier
year was that for the eleven months
ending with May. 1901, when the
total stood at 1903, 1851. SEoul1
the figures for June Of this year equal
those Of June in the Immediately
preceding years, the total for the hs-
cal year would be s317 ,O00,00O or
100000 in excess OF the banner
year, 1901. The quantity exported
this year is not as great as that OF
the years 1898, but, owing to the
higher prices received, the value is
very much greater than that OF those
years; and, as already indicated, larger
than that of the the corresponding
months of any preceding year. Inc
total quantity exported IN the eleven
noaths ending with May, according
to the preliminary statement, IS 3,4ol, :
353, ,2S7 pounds, against SOS, o2i'4 .
pounds in the corresponding months
OF 1901, when the value was $4,000, GOO
less than at the present time, aud
3,72I,31o, ,0O9 pounds in eleven months
Of 1898. when the value was S222, Ala
$780, Thus the total quantity at the
ssspresentsa time is 2+0,0o0,000 pounds
less thashatg fethe corresponding
eleven months Of 1898, but the value
is $50, 900, 900 in excess Of the value
for the corresponding period OF that
year. The average price per pound
Of the cotton exported, determined by
dividing the number Of pounds into
the value stated by the bureau OF
statistics records, is, for the eleven
months ending with May, 1908, S.s'
cents. and for the eleven months end
ing with May, 1898, 5.s1 cents.
Comparing the total values OF cot
ton exported with those Of preceding
years, it may be said that 1903 seems
likely to show the largest total value
in raw cotton export Of any year IN
the history Of our commerce. IN
ls4S the teta, value of raw exported
cotton was, in round terms S62, ,OO0,-
600: in 1860, s192, 100000; in 1870,
s227, 200, 900, but S1S4, 100000 stated
in colo; in 1880, S2ll, 900, 200: in 1890,
s25o, 700, ,000; in 1900, s242, 100000; ln
1901, 1913, 100000, and, as already IN
dicated, seems likely to be, for 1908,
S317 100000.
Meantime the value Of cotton eX-
ported in manufactured form has also
increased, and will make its highest
record in the present fiscal year. The
total value of cotton manufactures ex-
ported in the ten months ending with
April is s27, ,e32, $50, indicating thai
the total for the full fiscal year will
probably be about s34, 900, 900, against
s33. .OO0. 900 in 1902, S24,000,00O in
1900, $4,000, 900 in 1890, SIC, 900, 900
in 1880 and s4,000,000 in 1870.
At the same time the cotton manu-
facturers of the United States have
increased and are still increasing their
consumption Of cotton both from our
own fields and from abroad. The total
number of bales taken by the mills OF
the United States last year for the
first time passed the 100000 line,
the figures being 5000 bales.
against s,644,oCo in 1900, 3,325, 500
bales in 1890; l,7a5, 900 bales in 1880,
and s57, 900 bales in 1870.
Meanwhile the i'm mportations OF
foreign cotton, chiefly Egyptian. are
growing With remarka bic rapidity,
the importation in the present year
being likely to reach $4,000, 900
pounds, to which may be added 2o,-
ooo,ooo pounds Of 'sfocks' or cotton
waste, with a total valuation of about
s12, 1000, 900 against 43,0oo,00 pounds
Of waste imported in 1898, valued at
less than S5,0G0,000.