The volume of the ocean freight is enormous. Some idea of it can
be gathered from the statistics of imports and exports issued by
the United States Government. Of cotton alone, the vast quantity of
2,907,308,000 pounds was shipped from American ports during the fiscal
year ending June 30, 1891. This is the largest quantity of cotton
sent out of the country in any one year. The value of the cotton
exported was $290,708,898, which is nearly half the value of the sum
total of the four leading agricultural products. This amounted to
$588,251,912. Next to cotton, the most important agricultural products
exported were breadstuffs, including grain, which were valued at
$127,668,092. Provisions, including meats and dairy products, amounted
to $31,696,234. It is worth noting that the total value of the exports
of these five leading products was $15,263,951 in excess of the same
products in the previous year. The total value of exports and imports
of merchandise, during the fiscal year ending June 30, 1891, was
$1,729,330,896, an increase of $82,191,803 over the previous year,
and of $241,797,869 since 1889. The foreign commerce of the United
States for the year 1890 was the largest in the history of the country.
The movement of the vast quantities of agricultural products and
manufactured goods kept the ocean fleet busy. Forty per cent. of the
total export trade of the United States goes from the port of New York.
During 1890 the export business from the five principal ports was as
follows: New York, $370,322,430; New Orleans, $107,300,637; Baltimore,
$73,967,796; Boston, $70,364,955; and Philadelphia, $37,241,645. The
total from all ports was $881,076,017. The imports in 1890 amounted to
a total of $823,286,735, out of which New York received $527,497,196,
considerably over one-half. It might be noted in passing, that of the
total amount of customs duties collected by the Government in 1890,
67.17 per cent. came from New York.
Public-domain text, read in full here on John Shaqi.
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