Arizona republican., 1905-02-20

of her cotton supply to India, where she finds a shorter staple and there fore lower prices. The general fact. however, that Japan increased her pur- chase of our raw cotton from S6S, ,000 in 1893 to S7,5OO,0OO in 1903, and in the same period increased her sales of manufactured cotton to China from S251,O00 in 1893 to $16, ,O0O, 900 in 1905 suggests the possibilities which await the cotton manufacturers of the Unit ed States when they may choose to turn the cotton produced into the fln- ished state before permitting it to pass to the cotton consumers of the world.
 This industry, which has recently sprung up in Japan, of buying Amer ican cotton, turning it into the manu- factured state, and selling it to other countries Is, of course, merely a repro duction of a process which has been going on for many years in the older manufacturing countries of Europe. The United Kingdom, for example, took in 1903 $125, ,0OG, 900 worth of cot ton from the United States, basing this statement upon our figures of ex- ports to that country; "-" in the same year exported $322, 900, 900 worth Of fin ished cotton goods and $36,O00,000 worth of cotton yarns. Germany in the same year bought $85,000. .o"n ---o-+h of cotton from the United States, as shown by our own figures of exports to that country, and exported sS0.000,000 worth of cotton manufacturers, of which S71O0O,O0O was finished goods and the remainder yarns.
 France took in 1903 $35, ,OOO 000 ~-o~th of cotton from the United States. bas- ing this statement again upon our ex-
 
 worth of cotton manufacturers, practi- cally all finished goods, the quantity of yarns exported being less than $1,0OO,- 900 in value. Japan, as already indi- cated, took in 1903 $7,5O0.O0O worth of cotton from the United States, as in dicated by our export figures, and eX- ported $20,0OO, 900 worth of cotton man ufactures, of which but S4,50O,O 900 was finished goods, while $15,5O0,00O was yarn.
 The fact that yarns form a much larger proportion of Japan's exports of cotton manufacturers than is the case with those of European countries is apparently due in part to the fact that her manufacturing establishments have not yet reached that stage of per lection in the production of finished goods which the older countries of Flu rope nave tllbdlilGNls anu III part dlSOs to the fact that the people of her larg- est customer, China utilize yarns largely in the household manufactures of cotton cloths for domestic use, es- pecially in years of high prices of fin ished goods. This is also true Of = cotton exports of India, which in the year ending March 31, 1904. amounted to $34.O00, GOO, of which $2S,5OO, ,OOO went in the form of yarns, largely to China and other oriental countries.
 Figures recently compiled by the bu- reau of statistics show that the worlds exportation of cotton manufactures amounts to about $653, ,0OO.0 900 annually, of which S400, ,O00, 900 goes in the form of cloths. $152, 000.0o0 as miscellaneous fil.is he'd goods, and $1O1 100000 cotton yarns Of the s65S.0O0,O 900 worth of cotton e.oods thus exported by ~he va rious countries of the world for which statistics are available, the United States although producing three fourths of the worlds raw cotton, ex- ported .n 1904 but S22, 100000 worth of cotton manufacturers, of which S14,- roo .OUG was cloths, $7,500000 miscellan- eous finished goods. and $172,S00 worth cotton arn. In the same year, 1904, her negotiations of cotton goods were Sll5 rCOO in value, or more than tWic" a, nue. as the exports of cottan goods ir ti. same period.