The Hocking sentinel. [volume] (Logan, Ohio) 1871-1906, 1905-10-19
BIGGEST TRADE YEAR
FOREIGN COMMERCE FOR 1908
BREAKS RECORD.
Volume OF Imports and Ex-
ports Ever Recorded Revenue Show
Ing Galns-Improvcme Since Ciose
of Fiscal Year--Big August Figures.


Washington correspondence:
Commercial activity indicated by
current statements of the Department
of Commerce and Labor suggest that,
by August foreign trade statistics, the
calendar year of 1905 will enjoy the
largest volume Of imports and exports
ever recorded. Figures just published
for August show that exports Of manu-
factures during that month increased
nearly $0,OOO,OOO, or about 70 per
cent, as compared with August year
ago. and about S2o.OO0,OOO as COM
pared with August, IDOL
Meantime manufacturers have in
creased their consumption of materials
imported for use in various processes
Of domestic industry until the August
imports of crude materials for use In
manufacturing have increased nearly
$2.000,O00 over the imports Of August,
1904. For the eight months ended with
August there has been an increase of
about $5O,000,00O in imports, compared
with the corresponding period a year
ago.
Up to Aug. 81, 1905, imports amount
ed to $77O, ,412, ,026. as against $667, ,289.-
1854 in the preceding year; and exports
were valued at S068,612607. as com
pared with 1851 ,203.457 in the first
eight months of 1904. The value of
manufactures exported during the first
eight months Of 1905 practically equal
ed the total exports of manufactures
during the entire calendar year 1890,
being 1916, ,10S,67O, as against total
Of $3.50, ,S91 for the entire year
1900.
Comparison of Figures.
Current government figures show
also that more manufactures are being
exported from than are imported into
the country-a condition which has
been brought about during the short
period since 1897. Imports OF manu-
factures Gncluding in that term for
this comparison manufactures ready
for consumption, articles wholly or
partially manufactured for use as ma
terlals i'm the mechanic arts, and arti-
cles of voluntary use and luxuries} ag-
gregated during August $45,000,000
while exports of manufactures during
that month Showed a total Of SOL. .O0O,-
900. During the eight months ended
with August, 1905, imports of manu-
factures, including all degrees of man
ufacture, aggregated 1922, 600, 900,
while exports of manufactures
amounted during the same period to
376,000,OO0.
AS recently as 1897 the recerds of
our foreign commerce showed an I'M
portation of $2s1, 100000 worth of
manufactures during the calendar
year, as against $3.50, 100000 worth Of
manufactures exported. The follow
Ing year was the first to show exports
of manufactures in excess Of imports
of manufactures. and since 1893 there
has been steady increase in the out
ward flow Of the products of our man
ufacturing industries. During the
eight-month periods of the years
named exports Of manufactures have
increased from $190,000,OO0 In 1897 to
$3I6, 100000 i'm 1905, while imports of
manufactures have only increased from
$212,0OO,000 in 1897 to $322, ,OO0. 900 in
1905.
Gain In Revenuc.
Duties collected from customs have
increased materially since the close Of
the fiscal year 1905, that year having
shown no appreciable increase in GUS
toms revenue rs compared with the
preceding year. The total amount Of
duties collected from customs during
the fiscal year 1905 was $262, ,0G0, ,528,
as against $500 2.013,070 I'm 1904, the in
crease being very slight, while for
June, the closing month of the fiscal
year 1905, the total customs revenue
was $22,5G4,652, as against $2s.500,-
692 in June of the preceding year.
The revenues derived FROM customs
show decided improvement since the
close of the fiscal year. Thus the rev.
enue derived from customs In July,
1905, amounted to $21 $50, 149, as
against $19,4S3, $50 in July Of the pre-
ceding year, and in August amounted
to $26,1S1 ,2S2, as compared with S22,-
417,674 In August, 1904. For the eight
months ended Aug. 81, 1905, the total
customs revenue aggregated $177.9 .926,-
O29, as against S170,475,O ,O16 in the same
months of the preceding year. and Of
this increase Of S7,45l,O ,O13, $8.S70OO7
was accumulated during the two
months of July and August of the pres-