The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1903-06-16
COTTON STILL KING
IN AMERICAN EXPORTS
Value Of Raw Material This
Year Breaks ALI Records.
HIGHER PRICES THAN EVER
Corresponding Increase in Value of
Manufactured Article and Also in
Imports of Foreign Cotton.

Cotton is still king in the export rec
ords Of the United States. and it's rec
ord in the present year is likely to sur
pass that of any preceding year. The
value OF raw cotton exported in the
eleven months ended with May is. ac-
cording to the preliminary figures of
the Treasury Bureau Of Statistics,
SSoS,747.o95, which is FIVE million dol
lars In excess OF the highest eleven
months record ever heretofore made
The highest eleven months figures re-
corded by this preliminary statement
in earlier years were for the eleven
months ending with May, 1901. when
the total stood at 1905. 4s7 ,61T. Should
the June figures equal those OF June in
the Immediately preceding years the
total for the fiscal year would be S317,-
100000. or $4,000 900 in excess OF the
banner year 1901.
Better Prices Obtained.
The quantity exported this year is
not as great as that OF the years 1898
and 1899. 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 corresponding months &c @ny
preceding year. The total quantity
exported in the eleven months ending
with May. according to the preliminary
statement, is 9.4s1 ,2s7 pounds.
against 3,2Os. s21.47s pounds In the cor
responding months of 1901, when the
value was but s5.oO0.OOO less than at
the present time, and 2,721, 21O, COG
A. -
the value was but 1922, Ala. $50. Thus
the total quantity at the present time
is 240.O00, 900 pounds less than that OF
the corresponding eleven months OF
1898. but the value is $4,000. 900 in ex-
cess of the value for the correspond
ing period of that year.
Increase in Five Years.
The average price per pound of the
cotton exported. determined by divid-
ing the number OF pounds into the
value stated by the Bureau OF Statis-
ties records, is. for the eleven months
ending with May, 1908, s.S7 cents, and
for the eleven months ending with
May, 1898. 5.s7 cents.
Comparing the total values of cotton
exported with those of preceding years.
IL may be said that 1903 seems likely
TO show the largest total value in raw
bottom exports OF any year in the his
tory Of our commerce. In 1s4S the total
value of raw cotton exported was, In
round terms. 62 million dollars; in 1850
1872 millions; in 1870, 227 millions IN
paper. but 1S4 millions stated in gold: in
1880. 211 millions; in 1890. $50 millions;
IN mil In mil
lions. and as already indicated. seems
likely to be, for 1903, 81 millions.
Export of Manufactures.
Meantime the value OF cotton exported
IN manufactured form has also increased.
and will make it's highest record in the
present fiscal year. The total value of
cotton manufactures exported in the ten
months ending with April is $27 1882 $50.
indicating that the total for the full ifs
cal year will probably be about "a mil
liens. against 80 millions in 1902, "a mil
lions in 1900. 10 millions in 1890. 10
millions in 1880. and millions in 1870.
At the same time the cotton manu-
facturers OF the United States have in
creased 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 1900, 600 line. the figures
being 4.0s3,00O bales, against 3.644. 900 In
1900; 3.325.000 bales in 1890; 1885, 900
bales in 1880: and s57 900 bales in 1870.
Meanwhile the importations OF foreign
cotton. chiefly Egyptian. are growing
with remarkable rapidly. the importa-
lions in the present year being likely
to reach so million pounds. to which may
be added 20 million pounds Of "focks.' -
or cotton waste, with total valuation
Of about ~ million dollars; against 43
million pounds OF raw cotton and rs, 600
pounds OF waste imported in 1898. valued
at less than $4,000. 600.