Daily press. [volume] (Newport News, Va.) 1896-current, 1906-10-14

y marked characteristic of the cX-
port trade OF the United States In
recent months Is reduction in the
value Of exports To China and Japan.
The total value of merchandise rX-
ports to China in the eight months
ending with August. 1906. is but $22.-
ouu.nUo against Si2.u00.n00 In the cor
responding monti OF 1905, and to la
pan S2l.pOo.uup, against $40 OUu 0OO in
no same months OF 1908. while To
ASA as Il whole. the exports are but
S'S.uuu.oGo. as against S95,0h0.uu0 in
the corresponding months OF 1898.
The cause Of this startling rcduc-
ton in the export figures to China
anu Japan Is apparent from an exam.
liaIion OF the figures Of the Bureau
OF Statistics OF the Department of
Commerce ana Labor. coupled with
certain woll-known facts rcsardin,
conditions in those countries in the
early part OF 1905 compared with
those Of today.
War Hurt American Trade.
The war between Japan, and Rus.
STA. occurring in the northern section
OF China. section in which Ameri-
can merchandise is extremely popu-
lar practically closed that part OF
the Chinese Empire To inspirations.
Tho lack of foreign merchandise in
mat section At the close of the war
period resulted in abn0rmally large
orders upon the United states fo,
merchandise 10 be sold in that sec.
ON of China
In addition to these unusually large
1 Ia. ,,r
per Tor making the new copper coins
being turned out in large numbers
10y minis which were working nigh,
ana day in their production and as
the United States is by far the larg-
est coppcr-praducing country in tho
world. the bulk of these orders were
placed in this country.
AS = result OF these two abnormal
conditions OF demand in China for
American merchandise. the exports
from the United States To China in
thc first eight months of 1905 were
three times as great as in the cor
responding months of 1901 ana twice
as great rs in any year in the his.
tory Of our trade with that country
Cotton in Great Demand
The value of cotton cloths exported
to China during the first eight
months of the calendar year 1905 was
S22.50O,00o against S6.250.nOn I'm the
same months OF 1904. and the value
Of copper exported to China in the
first eight months of 1905 was over
S10,0Oo,oO0 against less than $3.50
600 In the corresponding months OF
1904.
This unusually large importation of
American cottonS, coupled with large
lmporlations from other countries.
proved in excess of the immediate
consuming power of the market. and
as consequence further demand
for cotton goods rapidly declined AT
the same time the manufacture IF
copper coins III the provenccs was
greatly reduced, and with this came
a great reduction in the demand for
copper from the United States.
Exports Fall Off.
AS a consequence of the two condi.
tons above named. the exports OF
cotton goods to China in the first
eight months of 1906 were but siI..
100000 against s22.5OO,O00 in the
same months OF 1905. and OF copper
only half million dollars against
over Sl0000,00Q in the corresponding
months of 1905 At the same time
the imports into China Of mineral oil
from countries other than the United
States. which had been partially in
ierrupted by The war, were resumed,
ana, Us consequence, the exports OF
mineral oil rom the United States to-
China in the first eight months OF
1906 were but S2.5OO.000 against 81
| 100000 in the same months last year
The peculiar conditions which sud
denly doubled our exports to China
having been removed. al above indi-
catei. the trade has resumed practi.
cally its normal state. and, as a re-
suit. the exports to China in the riphl
months ending with August. 1906,
were but $223l6.21G. against $4,000.
500 in 1905 but the figures OF 1906
exceed By about go per cent. the high.
est figure OF any corresponding period
except that of 1905. thus Indicating
that the general advance In exports
10 China Is being maintained.
WHERE WASTE is UNKNOWN.