Arizona republican., 1904-01-25
THE COTTON TRADE
Value of Experts of the
Last Year
They Amounted Last Year 30 More
Than a Million Dollars per Day.
Earlier Records.

Washington, Jan. king Cotton"
made his greatest record in the ex-
port figures OF the calendar year in
1903. From 1888 to 1903 cotton exports
averaged a little mere than three
fcurths of a millions dollars a day. In
1903 they averaged more than one mill
lion dollars in value per day, in the
last three months of 1868 they averag-
ed more than two million dollars per
day, and in the closing month of the
year. nearly two and ore half million
dollars per day. Exports Of cotton in
December, 1903, show a greater value
, than in any preceding month in the
history of cotton expectation, the total
being over S72, coo eco and thus averag-
ing S2.5OOGOO for every day of that
month.
The value OF Gotten exports from the
United States, as shown by the De
partment Of Commerce and Labor
through its bureau OF statistics, was
1 $37S, ,O0O,O00. These are the preliminary
figures, but will not be materially
changed by the revised statement to
be issued later in the present month.
The total value of the exports exceeds
( by s64 100000 that OF the preceding
record year, 1900, when the value of the
cotton exported was $314, 100000. The
value Of cotton exports never reached
/ the $3O0OOO,OCO line except in the years
$780, 1901 and 1903 In 1860 the total
was 1914. .O0O. .OO0 in 1901, $3O1. .O00, ,O0C, and
/ in 1903 1878, 100000.
/ While the total value of the years
! exports of cotton was the highest on
record. the quantity exported did not
reach so high a figure as in 1898. when
/ 81, I,ra hi Ll of
| 1868. The total quantity exported in
/ 1903 was 3,62O,OOOOoO pounds. which
} exceeded that of any preceding year
/ except 1898, when the total was AIS
! OOO,OCO pounds. The value of the cot
/ ton exports of 1898, however, was only
/ S232, ,76S, ,2C4, or less than two-thirds as
much as that Of 1903. although the
quantity in 1898 was 13 per cent.
greater.
Cotton forms constantly very large
share of the exports, and especially of
| the agricultural exports CT the United
States. During the entire period from
4 1883 to 1903 the value of cotton ex-
ported has aggregated over $5,OOO,000
and averaged 25 per cent. of the total
exports of domestic products and sc
per cent. of the agricultural products
exported. In 1908 cotton formed about
IS per cent. of the total exports and
about SO per cent. of the total exports
of agricultural products.
The United Kingdom was in 1903 the
largest customer for our cotton. The
total value of cotton exported frcm
the United States to the United King
dom in the calendar year 1903 was, in
round terms $147, 100000. and this total
of $147, ,OOO, ,OO0 forms 80 per cent of OuI
total cotton exports in that year Ger
many stood second in the list of our
cotton customers, the total value oi
our cotton exported to Germany during
the year being $111, 100000. France
was third in the list CT purchasers, ouI
total exports of cotton to that coun-
try in 1903 being $47 0OO,O 900. To Italy
which stood next in the list, the total
was $21, ,0O0, 200; to Russia, nearly 49,
0G0, 900; to Belgium, about $S000.OG0 tC
British North America, $5,000,000; tC
Japan, about $4,5O0OOO, and to Mexico
little over $3,OOOOOO. While the Unit
ed Kingdom is the largest purchaser
of American cotton, her increase over
preceding years is much less than thai
of Germany. The total value of the
cotton exports to the United Kingdom
i'm the year 1908 aggregated but about
| s., coo, coo in excess of the total for 1900
while that TO Germany exceeded by
$23, 100000 the total for 1900, the former
record year
The increase in the value of raw
cotton exported from the United State:
has been especially marked in recen
years. Prior to 1900 the value of oul
cotton exports had never reached $500,
coo, 600; since 1900 il has never once
fallen below the S3OO,OOO,OOO line. anC
in 1903 as already stated, was $37S,
100000. Yet, Notwithstanding this fact
the cotton mills Of the United State.
have during the time consumed {
larger quantity of our cotton THAI
ever before. Prior to 1898 the cottoI
mills of the United States had never il
single year consumed sd much a:
100000 bales of the domestic crop
since the beginning of that year the
annual consumption has ranged from
3.5OO,OOO bales upward, and in 1902 ant
1903, respectively, exceeded AOC0,OO
bales Yet IN those very years the ex
ports Of raw cotton averaged higher
in quantity and value than ever be-
fore