The Savannah morning news., 1903-06-20
FOREIGN COMMERCE
HAS BEEN IMMENSE.
Present Fiscal Year Makes n New


Present Fiscal Year Makes n New
Record.
Washington, June 19.-The foreign
commerce of the United States for the
fiscal year, which will end on June 80
will be the largest in the history of the
country. Imports will, for the first
time, exceed a billion dollars, and ex-
ports will be larger than in any pre-
ceding year except 1901. The eleven
months figures which justify this as
sertion show that the imports OF the
eleven months ending with May were
$945, 597,194 and the exports $l,3244s3.-
293. For the twelve months ending
with May the imports are S1,016, 12,24s,
and the exports. Slab. 1888, re.
AS the largest imports in any earlier
fiscal year were 1903, 800, 948, in 1902, it
Is quite apparent that the total i'm
ports of the present fiscal year will
exceed those of any preceding year,
and that they will also exceed a bill
lion dollars, since they have not fallen
below $4,000 900 in any month of the
past year and are in the eleven months
within S57 0Oo, 900 of the billion-dollar
line.
AS the largest exports of any preced-
ing year except 1901, were 1884, 4S3,-
012 in 1900, and those of the eleven
months ending with May, were $l,324.-
493, 293 and the smallest exports of any
month in the year were $SS,000,0 900, 1t is
apparent that when the month of June
is added. the export total for the year
will exceed that of 1900, and will pass
the 81 400. 900, 600 line. The largest total
commerce (by which is meant the i'm
ports and exports combined) of any
earlier year was that of 1901, $780,
Ac "a or and Y
ports for the eleven months ending
with May, were $2,26S, 090, 487, and the
combined imports and of the lightest
month of the present year were 1892
600, 000 it is apparent that the COM
merce of the twelfth month added to
the total already shown by the eleven
months. will make a grand total ex-
ceeding that of 1901, which showed the
largest total of imports and exports
combined.
1t was only in the year 1872 that the
total commerce first touched the one
billion dollar line, and in 1900 it first
touched the two billion dollar line.
Running back through the century. it
may be said that the total imports and
exports of 1900 amounted to $162, 900 600;
in 1880. $144, 900, 900; in 1850, 1918 900, coo;
in 1860. s6S7 900. 900; in 1870, $82S, 900, 600
In 1872 the total commerce for the first
ing for that year 81. 070, 772, 663. In 1880
it was 81, 503. 000 and in 1890, $1,647, 600
In 1900 it first crossed the two billion
dollar line, being in that year $2,2i4, 900;
in 1901, $2,311, 900; in 1902, $2,2S5. 900, and
in 1902 seems likely to exceed 81. 400, 600.
OF the more than one billion dollars
worth of imports for the full year, man
ufacturers materials will form nearly
$500 900. 900 value. In the ten months
whose figures are completed by the
Treasury Bureau of Statistics manu-
facturers' materials formed AN per
cent. of the total imports, and in the
latest month available, April, they
formed 4977 per cent. The percentage
which these materials for use of the
manufacturers form of the grand total
is larger in that part of the fiscal year
whose figures have completed rhan of
any preceding year. In 1902 manufac-
turers' materials formed 46.1 per cent
of the total imports; in 1900, 35.7 per
cent; in 1898, 42.0 per cent; in 1885,
81 per cent; in 1890, 34.5 per cent;
in 1885, 1871 per cent; in 1870. 1872 per
cent; in 1860. 26.4 per cent, and in
1910, PIP per cent. of the total imports.