The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1904-01-27
COTTONS RECORD.
Exports Last Year Greatest Ever
Made in One Year.
ONE MILLION DOLLARS a DA!

ONE MILLION DOLLARS a DAY
With a Continuous increase Dur
ing the Last Five Months
OF the Xcar Ending
December 81.
The Washington correspondent OF
The State says King Gotten made bis
greatest record in the export figures
Ct the calendar year 1908.
From 1888 to 1903 cotton exports
averaged little more than three
fourths Of million dollars day. In
1903, however, they averaged more
than one million dollars in value per
day; in the last three months OF 1908
Ghey averaged more than two million
dollars per day. and in the closing
month of the year nearly two and
half million dollars per day.
Exports of cotton in December
show a greater value than in any
preceding month in the history Of
cotton expectation, the total being
over s72, 100000.
The total cotton exports for the
year was S378,00o,000. These are
the preliminary figures on file at the
bureau of statistics of the partnient
of commerce, but they will not be
materially changed by the revised
statement to be issued later in the
month.
This total is an increase CT S64,-
900, 900 over the preceding record
year, 1900. In but three years, 1900,
1901 and 1903 did the total exceed the
$500, 900, 900 mark.
But while the total value Of the
years's exports of cotton was greater
than in any preceding year, the
quantity exported was not so great as
in 1898. That year there was sent
abroad total of 4, LIS, 900, 600 pounds,
as against $500, ,O00,000 pounds last
year. The value Of cotton exports in
| 1898 was, however, only about two
thirds that Of the past year, although
the quantity was 13 per cent. greater.
Some idea of the value of cotton in
relation to the total agricultural ex-
ports is shown by this statement in a
department of commerce bulletin:
During the entire period from
1883 to 1908, the value cf cotton ex-
ported has aggregated over $4,000,
600, 900, and averaged 25 per cent, OF
the total exports, and about 50 per
cent. of the total exports Of agricul-
tural products.
The United Kingdom is the largest
customer for our cotton. The total
value of cotton sent to the United
Kingdom in 1903 was, in round terms,
sl47 900, 900, which was 80 per cent.
of our total cotton exports for the
year. Germany stood second on the
! list of cotton consumers, buying SILL
0OO, 900 Of cotton from US. The sales
to other countries were: To France,
s47, ,00O,000: to Italy, $1,000, 900; to
Russia, about SO, 900, 900; to Belgium,
IS, 900, 900; to British North America,
S., 900, 600; to Japan, s4,5oo,0O0: to
Mexico, little over s3,00O,000.
While the United Kingdom is the
largest purchaser, her increase over
preceding years is much less than
that of Germany. The increase Of
the United Kingdom over 1900 was
but about SIS, 900, 900. while Germany'S
purchase was s23,000,000 over the
previous record year.
Despite the marked increase IN the
value Of raw cotton exported in recent
years, the cotton mills Of the Unltec
States have during that time con
sumed a larger quantity Of our cottor
than ever before. Prior to 1898 the
cotton mills CT the United States hao
never in a single year consumed 81
much as three million b&les Of the
domestic crop: since the beginning o.
that year. the annual consumption
mas ranged fIom $500, 000 bales up
ward, exceeding 100000 bales II
1902 and 1905.
Some facts bearing upon the com
nercial features of Corea, particularly
interesting in the light of the promise
given by the: emperor to Ministel
Alien to open to foreign commerce.
the port of Wiju, in the Ialu valley
have been prepared by the Statisticar
of the department Of commerce. Ac
cording to bis statement, the com
nerce of Corea amounts to abou
SIS, 900, 900 annually. Imports mate
rally exceed exports, the imports be
ing about $40, 100000, while the eS
ports are approximately halt tha
amount. 1t is stated in this connec
tion that the conditions in Cores
differ from those in China IN this
respect: While in China the foreign
commerce is carried on almost eX
clusively through the treaty ports, II
Corea only about one-third Of tn
total commerce goes through. thos'
ports formally opened by treaty.
The direct trade Of the United
States with Corea is small, but a fa:l
proportion Of American goods gee
into the country by way Of China ant
Japan, and American goods are rela
lively popular. The figures shoV
that the direct trade with Corea TO
1908 vas approximately s4o0, 900, no
much in itself, but even this Smal
total shows good proportionate in
crease, the American exports dlrect u
Corean ports in 1897 being only s50s
This, it must be borne in mind
does not begin to represent the entlr
sale Of American goods in the Land 0
the Morning Calm-a calm" which
by the way, is being very ser!ouSl,
disturbed these days. he value 0
American petroleum consumed II