Arizona republican., 1907-06-24
TRADE HALF BILLION Estimate of Exports for
 the Year An Increase of $9O,OOO,OOO Over the Record of Last Year.

Washington. June 23.-Cotton ex-
 ports from the United States will ag-
 gregate nearly s50O.0O0.O0O in the fis-
 cal year which ends with the present
 month. The total for the eleven
 months ending with May, as shown by
 figures just announced by the bureau of statistics of the department of com merce and labor. is SAC, ,000 000 and as the May exports aggregate about
 s20,000,00o In value. 1t seems to justify
 the statement that the total for the fiscal year 1907 will fall but slightly below the s500.000,000 line. This total of approximately $500. 900 as the value of raw cotton exported from the country is far in excess of that Of any preceding year in the history of the cotton export trade. The largest total
 value of cotton exported in any year
 prior to that now about to end was that of 1906. when the total was $401. 100000. the next highest being that of 1905. $3S0. 100000: in 1904. s371. .00O.- 900; in 1903, s316.000. 900: and in 1901, s314.000.000. prior to which time the value of cotton exported had never touched the $500. 900 line. Prior to 1850 cotton exports never reached as much as s1oO.0O0 in value annually and prior to 1860 had never touched the s200000.0O0 mark. and it was not until 1901 that they crossed the s300,- OOO.00 line. In 1906 their value for the first time crossed the s400. .000. 900 line. and in 1907 will nearly reach the $500. .000.c00 mark.
 Meantime, with all of this increase in exportation. the share of the cot ton crop of the United States which is consumed at home is steadily increas- ing. The figures of the bureau of sta tistics show that in 1876. 29 per cent of the cotton crop of the United States was taken by domestic mills; in 1886. B per cent; in 1896. 8 per cent; and in 1906. i1 per cent.
 The increase in the value of cotton exported in the fiscal year about to end will be nearly s90. .000. 900 over that of the immediately preceding year. a growth due entirely to an increase in the quantity exported. the average value per pound of cotton exported in the eleven months for which statistics are available having been 10.62 cents. or slightly less than that for the cor period of the preceding year. which averaged 11.O4 cents per pound: though even this average val uation of 10.62 cents per pound for 1907 is high when compared with that of a decade ago, when the average export price of cotton was but "A cents per pound for the fiscal year and so cents for the fiscal year 1899, and 5.b cents for the fiscal year 1899. this being the lowest annual average in a long term of years while the highest annual average was that Of the fiscal year 1904. 12 cents per pound.
 Adding to the value of raw cotton exported that of other cotton produ cts. manufactures from the fiber or from the seeds. the total cotton product exported during the year will s550. .000. 900 value. that of cloths and other manufactures of this character being likely to aggregate about s33.000. 900. cotton seed oil about s17. .000. 900. and cottolene. lardine. and other articles of this class, produced chiefly from cotton seed oil, approxi- mately s5,000.000.
 This total of raw cotton exported. aggregating as it does nearly s500000.- 900 in the present year. is far in ex- cess of any other single article On group of articles. Breadstuffs. meats. and manufactures of iron and steel while showing large totals. fall in each case materially below cotton in the value of their respective exports. Meat and dairy products for the full fiscal year will show exports aggre- yating approximately s2Oo.000.000: breadstuffs. approximately s175.000.- poo: manufa ctures of iron and steel about s1S5,000.O00: copper. nearly } s1OO. .000. 900: wood. and manufactures thereof. about s45.000.000.
 All the great cotton consuming countries of the world have, in the last