The Montgomery advertiser., 1904-05-23
THE VALUE OF COTTON
STATEMENT OF DEPARTMENT OF COMMERCE AND LABOR.
brfnsfng Into United states of More Than s400,0o0 from Other Parts or World in Fiscal Year Which
 Ends Next Month.

soh anu US products will bring more than s4oo.0oo. 900 into the United states rom other parts of the world m the fiscal year which ends with next month. Last year the total exports of cotton and its products amounted to eoio,oOo,0O0, and statement just is- sued by the Department of Commerce ana Labor through It's bureau of sta .istics shows that in raw cotton alone the total for the present year exceeds tne ngures of last year by nearly fifty million dollars. thus indicating that .ne grand total of cotton and it's pro- aucts exported will exceed $400.o0 ,o0o in value.
 The products of cotton other than the raw cotton fiber which 10 to form this enormous total. far exceeding in value that or any other single crop exported. are cotton seed oil, cotton seed meal, cotton waste. cotton seed in the nat urai state. and cotton manufactures. Tn cotton seed oil and cotton seed meal the growth in exports during recent years mas been very great, and their exports now amount to more than s25,- ooo,ooo annually. while but a compara- lively short time ago the cotton seed rom which they are manufactured was considered valueless. The value of cotton seed oil exported from the Uni ted States last year was over $14,0O0,- ooO. In the present year the figure Falls somewhat below that of last year. owing to the large home demand, and something of a falling off in the de- mand from abroad.
 The value Of cotton seed oil exported from the United States during the past decade aggregates round $105, ,0o0, 900. In 1889 the total value of cotton seed oil exported amounted to only a little over s1.ooo. 900. Tn 1890. however. it was over $5,ooo.o00: in 1895, 5000, ,ooo: by 1900 1t had grown to $14,Ooo, 900, and in 1903 1t was $14,250,000.
 Cotton seed meal is another article Of comparatively recent development in our export trade. Prior to 1894 the amount exported was not considered of sufficient importance to justify its sep arate statement in the list of articles exported from the United States. Tn 1895 the total was about $4,0o0,0 900; in 1898 1t was $s.000, 900: in 1900, $1l ,ooo.- 900. and by 1903 had grown to $12,75o,- 900.
 The European countries are the chief consumers of both of these newly de- veloped classes of products from cot ton seed. Of the $14.000,0 900 worth of cotton seed oil exported in the fiscal year 1903, over $2,50o.0o0 worth went to France. over $s,75o,oo0 to Nether- lands, nearly $1.50o, 900 to Austria Hun gary, more than $1,250,o00 to Germany, and about $1.500.000 worth to other Flu ropean countries. principally the Uni ted Kingdom. Mexico. Brazil and oth- CT tropical countries also take consid- erable quantities of cotton seed oil which Is substitute in many cases for olive oil, formerly imported largely in- to those countries. To Mexico the ex- ports of cotton seed oil in 1903 were over $1.oo0,oo0 in value, and have rang ed at about that figure for several years.
 Cotton seed meal, the other recently developed product from what was formerly considered waste material. is also chiefly exported to Europe after supplying the demands of the home market.
 Of oil cake and oil cake meal ex- ported from the United States last year, amounting to nearly $20, ,000. 900 (of which $12,750,000 was from cotton seed), $4.500.0oo worth went to Ger many, $4,000.000 to Belgium, $3,500, 900 to Netherlands. and a little less than $3,500,000 to the United Kingdom.
 Cotton manufactures form another important class in this general group of cotton and its 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 price of cotton and partly by reason of condi- tions in the Orient, to which a large proportion of the cotton cloths export ed from the United States in recent years has been sent. Our total exports of cotton manufactures had never reached as much as $10,0o0.o0o prior to 1877 By 1887 the total amounted to practically $15 ,00o, 900: by 1897 to $2f.- oOO,0o0; and in 1903 to $S2.ooO.000. In the present fiscal year the total will probably not exceed S25,oo0.O0o in value.
 In the nine months ending with March the total exportation of cotton manufactures was about $s.000,oo0 be- low that of the corresponding months duction was in the exports to China where domestic 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 1903. The shorter sta- pie cotton of India proves very accept able for use ir 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 a year of such high prices for cotton.
 The table which follows shows the total value of the various products of cotton exported from the United States in the nine months ending with March. 1904. compared with the same period in 1894. The figures indicate that the grand total of cotton and It's products exported during the fiscal year will amount to about $400. .000. 900.
 Cotton and cotton products exported. Nine months ending March 31:
 1894. 1904. Cotton, raw .s1S5,37s.276 $33o.070,o1s Cotton manu-
 factures.. .. POSSESSES 16,7SS,45 Cotton seed oil 4,S55,163 S,501.3 1902 Cotton seed
 meal and
 cake .. .... 6,3s5,S71 7.S2S.737
 Total e. =. $207, ,464,193 $363,135,5l3