Arizona republican., 1912-05-27
This Years Business Will Be Much Greater Than That of Any Former
 Annual Period.
BOTH EXPORTS
 AND IMPORTS
Record of the Former Is Especially Inspiring Both as to Quantity
 and Percentage.

WASHINGTON, D. C, May 26- The foreign trade of the United States in the fiscal year which ends with next month will show larger to- talS than in any earlier year The ten months figures covering the commerce down to the close of April, just compiled by the bureau of sta tistics, department of commerce and labor, make it quite apparent thal in both imports and exports the totals for the fisc Il year 1912 will be the largest on record Imports seem likely to approximate 2.200 million dollars, or about 15O million dollars more than those of the previous high record of 2.O49 million made in the fiscal year 1911.
 This growth in foreign commerce, while common to both imports and exports, is especially marked in the export trade. Imports have increased approximately $50 million dollars since 1896 while exports in the same time have increased about 1900 mill lion. the excess of exports over inn ports in the same period increasing from 1O3 million dollars in 1896 to about GOO million dollars in the cur rent fiscal years. This excess of ex- ports of GOO million indicated for the fiscal year now closing will be larger than that of any earlier years ex- cept 1898, 1901, md 1908, in each of which years it was considerably above the 600 million dollar-line
 The principal articles comprising the 1.60O million dollars of imports in the fiscal year grouped according the the approximate magnitude of their prospective totals are as fol lows: coffee, 120 million dollars su- gar. l10 million; rubber, 100 million: hides and skins. 95 million; chemi- calls, etc. 90 million: cotton manu- factures, fiber manufactures, and raw silk 50 to 65 million; tin, fruits and nuts, and wood. including manufac- lures each about 45 million: art works, copper manufactures, raw if bers, diamonds and other precious stones. md wool, between 35 and 40 million dollars each; and tea, spirits, wines and liquors. raw cotton. leather, paper, meat and dairy products. furs and fur skins, fish, cocoa, ranging downward from 20 million to 10 mil
 
 spicuous increases. comparing with 1911, occur in art works, over 50 per cent; hides and skins. 40 per cent sugar 15 per cent tin. 20 per cent; and coffee about 30 per cent
 The leading exports and their in- dicated totals for the fiscal year rank about as follows: raw cotton. 585 million dollars iron and steel manufactures 260 million: meat and dairy products, 160 million; bread stuffs. 135 million; copper. 110 mil lion; mineral oils, 100 million; lum- Der, etc. 90 million; cotton m1nu- factures and coal, each about 50 mil lion; agricultural implements cars and carriages, leather, end tobacco, each about 40 million: and vegetable oils and fruits and nuts, between 20 and 8 million dollars each. The largest increases occur in iron and steel, about 20 per cent, meat and dairy products, 20 per cent. and cop per and mineral oils, each 10 per cent. the comparisons, both in im- ports and exports relating to values only.
 The growth in both imports and exports occurs in our trade with cv- cry grand division of the world eN- cept Africa and in the trade with nearly all the leading commercial countries For the fiscal year the exports to Europe seem likely t0 be about .350 million dollars, against 1908 million in 1911, the former high record year in exports. Exports to North America will approximate 800 million dollars, against the former high record of 457 million in 1911; and those to South America will probably aggregate 125 million dol lars, against 109 million in 1911. the former high record in that trade. To Asia the years exports will amount to about 115 million dollars, q total larger than any other year except 1905, when Japan was drawing large ly upon the United States for food and other supplies for use in the war with Russia, and China was import ing large quantities of American cot tons to supply the shortage result ing from the closing of the ports and markets of Manchuria. the great Asiatic consumer of cotton goods manufactured in this country. To Oceania the exports for the year will approximate 70 million dollars against the former high record of 66 million in 1911.
 On the import side, the totals from all the grand divisions except Africa will be larger in the fiscal year 1912 than in the preceding year, while those from North America South America and Asia will probably establish new high records. From Europe the years imports will show an increase of about 20 million dol lars when compared with last year, the indicated total for 1912 being ap- proXimately 790 million dollars, against 768 million in 1911 and the high record total of 806 million reach- ed in 1910 Imports from North America seem likely to aggregate 32O million dollars, compared with BOT million in 1910 and 305 million in