The Vinita daily chieftain. [volume] (Vinita, Indian Territory [Okla.]) 1902-1913, 1912-01-19
OUR TRADE
WITH CHINA

Trade of the United States Will
China in the calendar year just ended
approximated So million dollars il
value, Of which about % million rep
resented the value of exports to, and
s2 million that of imports from China
Exports to China show distinct signs
of recovery from the depression which
first became pronounced in 1906 and
continued without abatement down tc
the end of 1910. In 1906 our exports
to China rose to the unprecedented
total of 50 million dollars; the next
year showed a shrinkage of nearly SO
per cent, the total for 1906 being but
30 million; and each succeeding year
showed smaller total until 1910, when
the figures stood at less than 16 mil
lion dollars or $2,OOO.0OO less than in
1901, a decade ago. The first II
months of 1911. however, recorded a
total export to China of 21 million dol.
lars, November alone showing a total
of million dollars, indicating that for
the IL months ending with December
the total will be fully 23 million dol
lars. Imports from China continue at
practically the same rate as shown by
earlier years, the estimated total of
80 million dollars for 1911 comparing
with 33 million dollars in 1910, "a mil
lion in 1907, 20 million in 1904, and 26
million in the calendar year 1902.
Cotton goods, Illuminating oil, flour,
iron and steel manufactures and lum-
Der are the principal articles forming
our exports to China. In that trade
cotton cloths have long held first place
and for many years steadily increased
until in 1905 they rose to the high rec
ord total of 56S million yards valued at
331s million dollars, and in 1906 at
tanned total of 271 million yards. I'M
ilediately following these unusually
large expectations, however, and as a
result in part at least, of excessive i'm
portations Of cotton cloths into China
Immediately following the close of the
Russo-Japanese war, there ensued a
period of decreasing exports of Amer
lean cotton cloths to China and in
1907 the total dropped to SO million
yards. A slight recovery began in
1908 and in 1909 the total was 154 mil
lion yards. In 1910 the total again
dropped to 66 million yards, while last
year showed signs of improvement,
the monthly exports in the closing
part of the year being from three to
four times as large as in the initial
months and the II months totals
standing at approximately 10 million
yards valued at 71s million dollars.
OF illuminating oil the exports from
the United States to China have since
1904 ranged between 5 and 10 million
dollars per annum, except in 1906
when the total was about million
dollars. In the calendar year 1911 the
total was about million dollars, com
pared with million in 1910, 91a mil
lion in 1908, and 21s million in 1900
To China our exports of flour, which
fell to unusually small totals in 1909
and 1910, rose to million dollars last
year, sum only exceeded by the high
record total of million dollars record
ed in 1907 Iron and steel manufac-
lures are also important factors in our
exports TO China, nails and spikes,
sheets and plates, locomotives, and
steel rails being the principal items.
Last year our total exports of iron
and steel to that country exceeded 2
million dollars. We also exported to
China last year about " million dol
lars worth of tobacco and manufac-
lures thereof. In some years the ex-
ports of lumber to China are large. |
Last year the total for the class desig-
mated as boards, planks, joists, etc"
was. about 100000, and in 1910 a little
over $1,OOO,OOO.
From China the chief imports into
the United States are silk. wool, rice,
goat skins, tea; mattings, and bristles.
We import annually from China from
20 to 40 million pounds of wool, from
3 to 5 million pounds of silk, about 10 |
million pounds of goat skins, about 80 /
million pounds of tea from Is to 25
million pounds of rice, and about 13
million square yards of mattings.
Measured by value, the principal ar
.icles imported last year ranked about I
Is follows: Silk, II million dollars;
wool, AZ million; goat skins, mil
ion; tea, 2 million; mattings, $685.
100; hristles, 100000; hats and ma
terials for, 100000; rice, 100000;
md frecrackers, 100000.