Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1910-10-18
IMPORTS OF COTTON.
America Bought Nearly $16,000,0oo
Worth Last Year

Worth Last Year.
Nearly sixteen million dollars worth
of raw cotton was. in the, fiscal year
1910, imported into the United States.
the worlds greatest cotton producing
country, the exact figures being &c.
037,691 pounds, valued at $16,S16,13S.
This is a larger sum sent out Of the
United States to buy cotton than ever
before, except the year 1907. when the
total was $19,930,9SS.
Most of this cotton from abroad Is
produced in Egypt, but more than a
dozen other countries and all the con-
tinents contribute to the grand total,
though presumably none of that COM
ing from Europe is the production Of
that section of the world. The total
quantity imported direct from Egypt
in the fiscal year 1910 was 57,911,960
pounds, valued at $11,S43,555, while ten
million pounds, valued at two million
dollars speaking In round terms, came
from Europe: ten million pounds, val
ued at a little more than $1,000,000,
came from Asia; seven million pounds.
valued at about s1000,000, came from
South America; and one million
pounds. valued at s15s.6O0, came from
North America.
OF the ten million pounds imported
from Europe. nearly all came from
England and was presumably brought
thither chiefly from Egypt and, in less
quantities from British colonies. The
next largest contributor after Egypt
and England Is Peru, from which six
and three fourth million pounds, val
ue at s1,OS5,97S, were imported. From
British India nearly five and one-half
million pounds, valued at s543,6O7. were
imported; from China, over four and
one-fourth million pounds, valued at
$526,0SO; from Haiti, $4,000 pounds
valued at $134,11S; Mexico, 1926
pounds, valued at $6,55s; and from the
Dutch East Indies-Java and Sumatra
-373,044 pounds, valued at $3S,432,
with smaller quantities from Venezue-
la, Santo Domingo, the British West
Indies. and Nicaragua; while from
Canada 46,422 pounds, brought to that
country from other parts Of the world.
were imported
The average price of this imported
cotton was. in 1910. about 80 per cent
higher than that Of American cotton
exported in the same year, while few
years ago the average price Of i'm
ported cotton was nearly or quite 100
per cent higher than the average ex-
port price Of domestic cotton. This Is
probably due to the increasing share
which cotton from countries other than
Egypt forms Of the total imports OF
that article. Egyptian cotton, by rea-
son Of its length and fineness Of staple
always commands a price materially
higher than that of American upland.
the average import price Of cotton
brought from Egypt having been, In
1910, 20 cents per pound, against an
average export price for American up
land in that year Of IA cents; and, in
1905. 15a cents for Egyptian. against
little less than cents for American.
This question Of price indicates quite
clearly that the 100000 pounds OF
cotton imported from England In 1910
was also of Egyptian origin, its aver
age import price having been 20 cents
per pound, or approximately the same
as that imported direct from Egypt
The six and three-fourth million
pounds imported from Peru averaged
16 cents per pound, or a little more
than the export price Of domestic cot
ton; from India, about 10 cents per
pound, and from China, 11a cents.
China, India and Peru sent larger
quantities Of cotton to the United
States in 1910 than ever before. Inn
ports of Chinese cotton but once reach
ed as much as a half million pounds
prior to 1909, when the total was one
and one-half million pounds, against
four an done-half million in 1910. From
India cotton imports had never reached
as much as half million pounds prior
to 1907 and in 1910 for the first time
exceeded one million pounds, having
been in that year five and one-half
million pounds, against S39, 300 pounds
in 1909. From Peru the importations
in considerable quantities extend over
much longer term of years, having
averaged more than one million pounds
per annum in the decade, 1S92-1901,
advancing to four million in 1907 and
six and three fourth million in 1910.
From Mexico the quantity imported
has greatly fiuctuated, from eleven
million pounds in 1907 to but 1925
pounds in 1910, this marked reduction
being presumably due, in part at least,
to the development of the cotton man.
ufacturing industry in that country.
Meantime with the steady growth In
importations of cotton-those of 1910
having been, with three exceptions,
1902, 1907 and 1909. the largest on rec
ord-the quantity of American cotton
consumed in our own markets Is rap
idly increasing, having grown from l.
OOO, 900 bales in 1870 to little less than
100000 bales in 1880. 100000 bales
in 1890, 3,60O,000 bales in 1900, and
over 100000 bales in 1908 and 1909;
while the share which southern mills
take Of this total has increased from
less than 10 per cent in 1870 to prac-
tically so per cent in 1909, and figures
published by the bureau OF statistics
indicate that the amount Of cotton con-
sumed by southern mills in the cotton
year 1910 actually exceeded that con-
sumed by northern mills.
Sinking Money.
While there is no perfect safety for
life or property in this world, the
measures adopted by the Bank of Eng
land TO protect its treasure against the