Arizona republican., 1905-04-03
TRADE WITH CHINA
Remarkable Gain in Volume
 Over Previous Years
It Will Amount in this Fiscal Year to More Than O,O0o, ,OOO, Mostly in Cotton Cloths.

! Washington April 2.-Exports of cotton cloths to China from the United
 States in the first eight months of the i present fiscal year broke all previous records and indicate that our total 1 exports to China during the twelve months ending June 30 next will reach the unprecedented figure of 40 million dollars. while to the orient, as a whole. the total will probably approximate 15O million dollars in value. These conclu- sions are based upon figures just com piled by the department of commerce and labor through it's bureau of statis- tics, which show that our exports to Asia and Oceania in the eight months ending with February. 1905. amounted to $92. .523. 23.412-practically equal to the total shown by the full twelve months of the fiscal year 1904. and exceeding the total for the eight months of any preceding fiscal year.
 | Prior to the present fiscal year our exports to Asia and Oceania had never reached so much as $1OO. .OOO, ,00O, save in the exceptional year 1900 when the total was s10S, 305,OS2 as compared with s61,927.67S in 1897, $7S235.176 in 1899, 9S,2O2. 11S in 1902, and $93,0O2, OPS i in 1904: while for the eight elapsed months of the present fiscal year the
 
 ampled figure of $92, ,523.412.
 The principal oriental countries to which this 92h million dollars worth of merchandise was exported are China, 2S million dollars; Japan, 26 millions; British Australasia, r 2-3 millions; Hongkong, nearly millions; British East Indies, 3 millions, and the Philippines, about 3H millions.
 To China our exports during the eight months unoer review show a re- markable gain over previous years be- ing 2S millions in the present fiscal year to date, as against S.2 millions for the same period of last year. 151A mil lions for the corresponding months of 1902, and 1O2 millions in the same months of 1900. At the present rate of eXportation our total sales to China will reach fully 40 million dollars for the full fiscal year. which ends three months hence. Cotton cloths contri- bute more than half the total value of our sales to China In 1900 our ex- ports during the first eight months of the fiscal year amounted to 10z mil lion dollars, and of this value 6.2 mill lions represented the value of the 133 million yards of cotton cloths sold in the Chinese markets. In 1905 our ex- ports to China, show, as already stated. for the first eight months of the fiscal year, a total of 2S.3 million dollars. and of this sum 151A million dollars represented the value of the 276 million yards of cotton cloths exported from the United States to that country.
 To Japan, which stands second in l the purchase of American merchandise ! by oriental countries, our exports dur ing the eight months ending with Feb I'uary, 1905, also established a new high record, being $25.93O,742, as against $15,64S.331 in 1904, $16, 4,5S5 | in 1902, and S3,16S Se9 in 1895. the | figures in each case relating to the first | eight months of the year. While cot ton cloths form the principal item in ! our exports to China, raw cotton con- tributes by far the largest item in our exports to Japan, though the quantity | fuCtuates considerably from year to | year, according to the level of prices | prevailing in the United States. When | the price of American cotton becomes | high Japan purchases d | large share of her raw cotton from In- dia, that cotton being of a shorter staple and therefore lower in price.
 During the eight months ending with I February, 1905, the exportation of raw cotton to Japan from the United States II amounted to 67,7S5,S75 pounds, valued at S7,0S7,lSG, the average export price being to Japan, 10.4 cents per pound and to all countries. S.9 cents. Dur ing the corresponding months of the preceding year, when the average eX- port price of cotton was HIS cents, our exports of that article to Japan amounted to but O,177,171 pounds, va Iued at II F cents per pound. In 1900, when the export price averaged but 1A cents per pound, Japan took dur