Daily press. [volume] (Newport News, Va.) 1896-current, 1909-06-13

exported equals 81 per cent oi tag
valuation OF manufactures produced
and that the valuation or the manu-
features imported equals SO per cent
of the valuation OF the manufactures
produced, are. however, onfy approx
innate in an attempt to determine the
true relation of imports or exports
of manufactures to the home produc-
ton. The valuation of manufactures
supplied to the Census Office by the
various manufactures, states the
value of the product at the place OF
production: while the Bureau or Sta
tistics figures OF expectations state
the Wholesale marke. value of the ar
tjcles at the port IN n which ex-
ported. Thue the stated values OF
the articles exported are dubtless In
most cases hibher that the stated
values OF the same articles at the
place of production. since the cost OF
transportation and dealers prohts
are presumably added IN the valu-
ations ut which the domestic mer-
chandise in question ia wholesaied
at the various ports whose current
prices determine the valuation placed
upon the articles when exported. On
the other hand, the values Of the i'm
ported articles quoted by the Bureau
OF Statistics are by law" the actuai
market values or Wholesale prices OF
such merchandise in the principal
markets Of the country whence i'm
| ported" and IL freight and profits
are added to this figure the valuation
at the point where 1t actually en-
| ters, the United States would be
| somewhat in excess of that quoted.
Thus the values of manufactures pro-
| duced are those of the place Of pro-
! duction. the figures of exports are
those of the wholesale margets OF
the port from which exported. and
those OF importation are those OF
| thewbolesale markets of the country
whence imported. Could production,
| exports. and imports be brought TO
common basis OF valuation. the
percentage which exports bear to the
total production would be slightly re-
duced and that which imports bear
| to the total production be slightly
increased; and the percentages which
/ exports and imports, respectively
bear to the total production produc-
, ton woul become even more nearly
identical than those above quoted, OF
So per cent on the import side.
The share exported OF the manu-
features produced was. speaking in
very round terms, In 1850. billion
dollars: in 1860 Is billions: In 1870,
4 IL billions: In 1850. 5 Ia billions;
| in 1890, 16 "a billions. Reducing
these gross valuations to net value
at the same ratio as that indicated
by the census reduction OF 1900, the
net value of manufactures in 1850
would stand at 2-S OF billion dol
lars. In 1860 at Ia billions. in 1870
at . "a billions. in 1850 at 3 1-2 bill
lions, in 1890 at billionss. in 1900
at 1-3 billions. and In 1905 at a
little less than II billions. The ex-
| portation OF all articles now classed
| by the census as manufactures was
In 1850. 80 million dollars: IN 1850.
81 millions: in 1870. leo millionos:
!, fcurrency yalues). In 1856. 315 mft
lions: in 1890. 4e4 milliocns; in 1900.
500 Millions and in 1908. SIS NIL
4 lions. These figures OF net products
and exports, when compared stats
ticsIly show that the exports eauaied
In 1850. &c per cent Of the figures OF
net production: in 1850. ~ per cent:
In 1870. SO per cent: in 1850. 81 per
cent: in 1890. 81 per cent: IN 1900.
&c per cent: and in 1905. So per cent
That the expectation has grown even
more rapidly than the production Is
!. also apparent from a comparison OF
the figures OF 1905 with those OF 1850.
since production OF manufactures
In 1905 was practically seventeen
times as great as that OF 1850. while
!. the expectation Of manufactures IN
!. 1905 was twenty-one times as great
a. IN 1850.
= On the import side the ratio ON
imports Of manufactures 10 produc-
ton has steadily fallen. Imports o.
all articles now included By the cen
sus classification or manufactures
amounted in 1850 10 lf3 million dol
lars. IN 1860 to 2s7 m-aIons IN 1879
10 s23 millions lcurrency valpes). in
1850 TO t2s Millions. ~ 1880 20 AL
millions. IN 1900 10 40 Millions. and
10 1905 10 SIS millions. The percent
age which imports Of manufactures
bore 70 production OF manufactures
was. In 1850. 21-s per cent: IN 1860.
p per cent: In 1870. 15s per cent:
IN 1880. III Der cent: In 1880. s per
cent. IN 1901 80 nor crrrs ana IN