The Clarksburg telegram. [volume] (Clarksburg, W. Va.) 1874-1926, 1912-04-25
COTTON EXPORTS
NOW INCREASING
And Especially to Several Of
the Cotton Growing
Countries.

WASftiSGIONi u. c., April IS
Cotton exports in tine fiscal yeai
which ends with the month OF June
will exceed by approximately two
million bales the highest exports Of
any earlier year. The largest ex-
portation In any fiscal year was that
in 1907, aggregating S.70s,4 6s
bales, while the exports for the
nine months ending with March,
1912, according to the latest figures
of the Bureau of Statistics, Depart.
ment Of Commerce and Labor. show
a total Of 9,41s,2s7 bales, justifylng
the estimate that the total for the
weive months ending with June will
be fully two million bales in excess
of the former high record year, that
OF 1907 above alluded to.
Curlously, however, the cotton ex-
ports, although by far the largest in
quontity, will fall in value material
ly below that OF certain earlier
years. In the nine months ending
with March the total quantity ex-
ported was 9,41S.2s7 bales, against
7.11O,271 bales in the same months
OF last year, a gain of more than
two million bales for the period In
question, but the total value OF the
8 1-2 million bales exported in the
current year was only s494,97S, $50.
against 1881, 4SS,214 for the little
more than seven million bales ex-
ported in tho same months OF last
year. For the nine months OF 1912
the average export price Of cotton
has been but about ten cents per
pound, while the average export
price in the corresponding months
of last year was fourteen cents per
pound.
Even this average rate OF ten cents
per pound for the current year is,
however, materially higher than that
of numerous earlier years. In 1909
the average annual export price was
9.4 cents per pound; in 1905. S.S
cents; in 1890, rs cents; and In
1893, E.S cents per pound, the low
est annual average since the Civil
war, while the average export price
for the fiscal year 1911, IA cents
per pound. was higher than that ia
any fiscal year since 1875.
While exports have increased to
all cotton manufacturing countries,
the greatest percentage of increase
is to the cotton producing countries
OF China and India. For the nine
months ended March. 1911, and
1912. respectively. the exports OF
cotton to the United Kingdom in
creased from 3,145,251 to 1910
bales; to France, from s44,O3s to
1862 ,2S6; to Germany, from 1861
oss to 2,7S1,524; to Italy, from
347,2e4 to SO7,379; to Spain, from
1883 to 244,240; to Japan, from
142, $40 to 3sl.2S5: while China, to
which country we exported no
American cotton in the full fiscal
year 1911, the exports of cotton for
nine months ended March, 1912,
were 41,6O5 bales. To India, 20
which country we sent only $50
bales of cotton in the fiscal year
1911, the exports for the nine
months ended March, 1912, were
6s,0SO bales. The exports OF cotton
10 India and China are remarkable
as the former country is the second
largest cotton producing country and
China the third. The expectation to
india is caused by decreased pro-
ddction and the poor quality of cot
ton of the last years crop. The ex-
ports to China have increased by
reason of variety of cause.-the
comparatively low price of American
cotton; the holding back of home
cotton for higher prices and the
disturbed conditions in that coun-
try. The large increase in the ex-
ports to Japan is caused by the COM
paratively low price of American
cotton, as that country always buys
large quantities in years of low
priced cotton,