Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1907-06-20
COTTON EXPORTS
Will Aggregate $780,
100000 in Value.
Increase Of S9O,OOO,OOO Over
Last Year.
Figures For the Fiscal Year Just
Figures For the Fiscal Year Just
Closing.

Washington, June 19.-Cotton exports
from the United States will aggregate
nearly $5OO,OOC,OO9 in the fiscal year
when ends with the present MONTH
The total for the eleven months end
lnS with May, as shown by figures lust
announced by the Bureau of Statistics
OF the Department of Commerce and
Labor. is S470,O00,000, and as the May
experts aggregate about $50, 900 900 in
value, it seems to justify the statement
that the total for the fiscal year 1907
will fall but slightly below the $500, G0O.-
o0o line. This total of approximately
$500, 600 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 cX-
Ported 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 1906, $3.50, 900, 900; in 1904,
1911, 900, 900; in 1903, $4,000, 900; and in
1901, $3li, 1000, 900, prior to which time the
value of cotton exported had never
touched the $300,0G0,000 line. Prior to
1850 cotton exports never reached as
much as 500 900, 900 in value annually,
and prior to 1860 had never touched the
5000. 0Gp,0Gn mark, and it was not until
1901 that they crossed the $500, 900 900
line. In 1906 their value for the first
time crossed the $500, OnOO0O line, and in
1907 will nearly reach the 500, 100000
mark.
Meanwhile, with all of this increase
in expectation, the share Of the cotton
crop Of the United States which is con-
sumcd at home is steadily increasing.
The figures of the Bureau of Statistics
show that in 1876. tWcnty-ninc per cent
of the cotton crop of the United States
was taken by domestic mills: in 1856,
81 per cent; in 1896, 80 per cent; and in
1906. IL per cent.
The increase in the value Of cotton
exported in the fiscal year about to
end will be nearly $9O,0OGO 900 over that
of the Immediately preceding year. Il
growth duo entirely to an incrras" IN
the quantity exported. the |E,.-'::.:
value per pound Of cotton cXrrrt'd i'll
the eleven months for which statistics
arc available having been 1n.G2 ccu':'.
or slightly less than that Cor tn" r:'r-
responding period Of tn" prr"c'l5" Pc
year, which averaged 11.0i cents; r'"r
pound; though even this average Yalu-
ZION Of II so 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 Of 1897, 50
cents for the fiscal year 1898 and 81
cents for the fiscal year 1899, this being
the lowest annual average il long
term Of years, while the highest annual
average was that of the fiscal year
1904 y cents per pound.
Adding to the value of raw cotton
exported that of other cotton products,
whether manufactures from the fiber
or from the seeds, the total cotton
product exported during the year viii
approximate 55ON00.0 900 value. that Of
cloths and other manufactures nf this
clua1 acter being likely to aggregate
about $50. 400. 900. cotton-seed oil about
s17. COO. 900. cotton-seed oil cake about
81. 900 900. and cottolenc. lardine. and
other articles Of this class, produced
chiefly from cotton-secd Gil, approx
matcly 100000.
This total of raw cotton exported,
| aggregating as it does nearly $opo'W"'-
| OOO in the present year, is far in excess
of any other single article or group
| Of articles. Rreadstuffs. 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 aggregatine approx
| mately 500 On0. 900; breadstufls, approx
imately s175.OOO,On0; manufactures Of
| iron and steel. about SlS5, 100000: COP
| per. nearly 500. 600. 600: wood. and man
| I1factures thereof. over $4,000. 900; and
| leather. and manufactures thereof.
about S45, roc, 900.
| All the great cotton-consuminC
| countries Of the world have. in the last
wear, increased their drafts upon the