Albuquerque morning journal., 1910-07-13
MONSTER FIGURES
ON EXPORTS
Of IRON
EXCEED IMPORTS BY
MANY MILLION DOLLARS
This Country Has Become the
Worlds Greatest Producer of
Hose Metal; Increase DeyeI-
oped in Recent Years.
Morning Journal Bureau,
GlS Munscy Building,


/
Exports of iron and steel manufac-
! features of the past fifteen years ex-
ceeded imports thereof by l,4O0 mill
lion dollars, while the fifteen years
Immediately preceding the imports of
| this class Of merchandise exceeded the
exports by 900 million dollars. Mean
| time the United states has become by
far the worlds largest producer of
| pig iron, domestic production having
advanced from four million tons in
1856 to Twenty-Five and three quarter
| million in 1909, ana exceeding in that
year, the product of her principal ri
, walls Great Britain and Germany
This largo excess of exports over
| imports in the movement of iron and
steel into and out of the country rep
resents a development in the domestic
industry brought about in compare
lively recent years. In the decade
1S61-1ST0 according to figures pub
lished in the bureau of statistics of the
department Of commerce and labor,
imports of iron and steel We're far in
excess of exports thereof, the relative
figures being, imports, 255 million. ex-
ports, S5 million dollars; excess OF i'm
ports, 40 million dollars. In the de-
cade lS71-1SS0 imports of iron and
steel were valued at 425 million, while
exports were 159 million dollars in
value, making the excess Of imports
266 million. In the decade Of 1851
1890 imports were 4St million and ex-
ports 1875 million dollars, the excess of
imports over exports having risen to
266 million dollars. In the closing de-
eade Of the last century, the period
which marked the transition of the
United states from an importer to an
exporter cf iron and steel manufac-
tures, imports OF that class aggregated
2iS million and exports 53a million
2s6 million dollars while in the inl-
ticl decade ofsthe fncslht century, the
ten years ending y TN. Tune of the
present year, the Value Of iron and
steel manufactures e&portesl was '1,l11I
million dollai}, 81 more thpn four
times that cf like couimodities i'm.
ported S07 million.
a clealer view OF tho ch9nsed re-
lption Of imports 10 exports or iron
and steel, is obtained by a considera-
tion sof the annual averages in the
movement of each during the last half
century. or manufactures of iron and
steel imported the annual average in
the decade 1S61-T0 Was 20 ! a million |
dollars. in 1S71-1SS0, AZ IL million;
in 1SS1-1890, As million; in 1S9l-l9OG, |
rs million and in 1901-1910 about 30 |
the maximum importation in !
any single year having reached in |
1873. $74,302,102. Meantime. the an
nual average of the exports advanced |
from IL million dollars In the de-
cade 1S61-iS70 TO 16 million in 1871
1880. 10 l-2 million in 1SS1-1S90. So |
- million in 1S9t-l900 end li1 mil
lion in l9OO-191O, the largest total,
having been made In
1908. Indeed, the excess of exports
oyer imports OF iron and steel manu-
Tactures in the last ten years is over
, 1-2 times as much as the excess OF
imports over exports Of like articles
n the entire forty years from 1861 to
300. as may be seen from the fol-
owing.
Imports OF iron and steel manulac-
ures. 40 years. lS6l-1900, $1,409,000,-
100 Ten years l900-19l0, 100000,
100.
Exports of iron ana steel manulac-
ures. 40 years 1S6t-1900, 1913 OO0.
100. Ten years 1900-191O, 81 All II
90. OOo.
Excess Of imports, 40 years si36,-
10000.
Excess Of exports, 10 years 81
O4, 100000
This marked excess in the imports ,
+ iron and steele represents an actual =
rowth in quantities as well as values, ,
many Of the representative articles =
aving commanded in 1910. both at
ONE end abroad, lower prices than
n earlier years or pig iron. Tor eX-
mple. the price per ton in Philadel-
hia, for No. l. foundry. fell from
1925 in 1906 60 s17.S1 in 1910. or
oiled bar iron. best refined. the Pitts
urg quotoation dropped from s4S.12
er ton IN 1900 to ss6.40 in 1909; of
teeI rails. from s32.29 per ton TO
$500: Of wire nails, T. o. b. Chicago.
2.7G per 100 pounds in 1900 to $500
! 1909. while IN 1910 prices are even
,wer. Prices abroad follow a similar
purse, as is shown by the lower yalu-
lions OF iron and rteel IN the import
atemc nts. In which the values stated
r. those In the iOreign markets ia
hitch the foreign markets in which
lc merchandise originates or tin
ates. FOR example, the average i'm
,rt price declined from 3.2c per
rund in 1900 90 &c in 1900: of bar
on from e2c per pound in 1900 10
Sc in 1903. while certain other classeI
50 showed in 1903 lower prices than
1909.
The principal manufactures Of iron
ID steel imported into the United
ates IN the fiscal year OF 1910. just
sgcd are; Machinery. about ? million
liars. pig iron. - million. tin 4
itea. 10 million. ingots. blooms.
G. - million. cutlery, "a mil
n. wire and articles made from
re. l-2 million. scrap iroa I IL
liion. and tsr iron. nearly ] IL MIL
y dollars. while no other single
SIS 81 iron end steel shows Tor the