The leader., 1904-05-28
THE MONEY INFLOW
FROM COTTON CROP
It Brought in More Than $780,,
100000 the Last Fiscal Year.
VALUE OF THE BY-PRODuCTs
They Include Cotton-Seed OIL, Cot
tOn-Seed Meal, Cotton Waste
and Cotton Seed In the
Natural State.

w 0oAAA6tO1l, way At."SOItOu anu lLo
products will bring more than $780,
100000 into the United States from 9TH
err parts of the world in the fiscal year
which ends next month. Last year the
total export of cotton and its products
amounted to $376,000,000 and state
ment just issued by the department of
commerce and labor through it's bureau
of statistics shows that in raw cotton
aIone the total for the present year ex-
ceeds the figures of last year by nearly
$4,000, 900, thus indicating that the
grand total of cotton and it's products
exported will exceed $400,000,0O0 in
value.
The Products of Cotton.
The products of cotton, other than
raw cotton fiber, which go to form this
enormous total, far exceeding in value
those of any other single crop exported,
are cotton-seed oil, cotton-seed meal,
cotton waste, cotton seed in the nat
ural state and cotton manufactures.
The value of cotton-seed oil export
ed from the United States during the
past decade aggregates a round $685.
100000. In 1889 the total value of cot
ton-seed Oil exported amounted to a
little more than $1,000,000. In 1890,
however, it was over S., 900, 900; in 1895,
$6,000,000; by 1890 it had grown to
$14,00O,000 and in 1903 it was 14,500,-
O00
Cotton-seed meal is an article of
comparatively recent development in
the country's export trade. Prior to
1894 the amount exported was not con-
sidered of sufficient Importance to JUS
tify its separate statement in the list
of articles exported from the United
States. In 1896 the total was about
$4,000, 900; in 1898 it was $S,000.000; in
1900, $11 100000, and by 1903 had grown
to $12,750,000.
European Countries Buy Heavily.
The European countries are the
chief consumers of both of these new
ly-developed classes of products of cot
ton seed. Of the $14,000,000 worth of
cotton-seed oil, exported in the fiscal
year 1908, more than $2,500,000 worth
went to France, more than SO, 750, 900
to the Netherlands, nearly 81 100000 to
Austria Hungary, more than $3.50, 900
to Germany and about 81 100000 worth
to other Europeanfcountries principal
ly the United Kingdom, Mexico, Brazil
and other tropical countries also take
considerable quantities of cotton-seed
oil, which is substitute in many
cases for olive oil.
Cotton manufactures form another
important class in this general group
of cotton and it's products exported.
The total value of cotton manufactures
exported during the present year will
fall materially below that of last year,
partly by reason of the high prices of
cotton, and partly by reason of con-
ditions in the Orient, to which large
proportion of the cotton clothes ex-
ported from the United States in re-
cent years has been sent.
Growth of Exports.
Our total exports of cotton manufac-
lures had never reached as much as
$10,00O,000 prior to 1877. By 1887 the
total amounted to practically SIS, OO0,-
900; by 1897, to $21 100000, and in 1908
to 100000. In the present fiscal year
the total will probably not exceed $25.-
100000 in value.
In the nine months ending with
March the total expectation of cotton
manufactures was about $4,000 900 less
than that of the corresponding months
of last year, and S7,500,000 of this re-
.duction was in the exports to- China,
where domestice manufacture of cotton
is increasing somewhat, and imports
from India and Japan are becoming
more competitive each year. This is
especially true in years of high prices,
such as that of 1908.
The shorter staple cotton of India
proves very acceptable for use in the
class of goods largely utilized in China,
and this fact explains in part, at least,
the reduction in our exports of this
class of goods to China in year of
such high prices for cotton.