Arizona republican., 1904-07-11
NEW THING HAPPENS
Manufacturers Exports Ex-
 Ceed Agricultural Exports
It Also Happened That for May I'm. ports of Hanufactnrers' Materials Nearly Equaled All Other Imports.

Washington, July 10.-Manufac cturers and manufacturers materials form an unusually important factor in the fig ures of our foreign commerce during the month of May, and indeed, in those of the entire fiscal year. For the first time in the history of our foreign trade the value of manufactures exported during the month of May exceeded that of agricultural products. The total value of manufactures exported in May 1904, was $SS, ,S94, ,561, against ST. s91, ,S3S, the value of agricultural pro- ducts exported. Ordinarily the value of agricultural exports is more than twice as great as that of manufactures exported.
 There has been but one complete fis- cal year in the history Of our export trade in which the total exports of man. ufactures were even half as great as the total exports of agricultural pre- ducts. In 1900 the value of manufac- lures exported was a little mere than one half that of agricultural products exnorted but never before had manu- factures equaled or exceeded the value of agricultural products in cur figures of domestic exports.
 This preponderance of manufs ciu' es in the exports does not by any mears hold good for the entire fiscal year, the tctal of manufactures exported during the eleven months ending with May 1904. being but little more than half ths total of agricultural exports, but in the single month of May manufactures eX- ported actually exceeded agricultural products exported by over s1.00O,ooo. Another striking fact with reference to manufactures in the foreign trade is that in the month of May the inPor- tation or manufacturers materials came within fraction of 1 per cent of edualing that of all other articles imported. The total value of manufac- turers' materials imported in May 1904. was s39, ,565.2 .215, and of all other articles imported s41,129, ,535, the per- centage which manufacturers mater ials termed of the total imports cf the month being thus +9.03 per cent.
 These records of the exports of May indicate very grea activity on the part of the manufacturers of the United States. Of raw material imported fer use in manufacturing the total for the month or May was ft2 IilllliOtl hOitcilS in excess of May 1903. while for the eleven months ending with May the total was but 5ih millions below that of the corresponding months Of last veal "a year in which imports of manufac- turers' materials exceeded by more than 90 million dollars those of any earlier year. In partially manlfaciured materials for use in manufacturing the imports of the year show a mater ial reduction-from -149 million dollars in the eleven mcrths ending with May 1903, to l25 millions in the core spondirg g months ending with May. 196i, but in raw materials the drop is only from 301 millions in eleven months ending with May 1903. to 296 millions in Il months ending with May 1904.
 It is now quite apparent that the ex- ports of manufactures for the full fiscal year win exceed those of any preced- ing year in the history of our com merce In the eleven months ending with May 1904, they amounted tC 40 million dollars in round terms, and as the single month of May showed I to- tai exportaticn of 3S millions t is be- yond question that June will add suf- fcient amount to bring the total for the year past the high water mark of ! S433 S51 7j6 made in 1900.