The Century Illustrated Monthly Magazine, October, 1913: Vol. LXXXVI. New Series: Vol. LXIV. May to October, 1913Various
General
The Century Illustrated Monthly Magazine, October, 1913: Vol. LXXXVI. New Series: Vol. LXIV. May to October, 1913
Various
Periodicals
The most noticeable features of the statement given above are that
the importation of crude food-stuffs and food animals remain about
the same in their relation to total imports, that the importation of
partly manufactured food-stuffs has decreased, that the importation
of materials for use in manufacture has enormously increased, and
that the importation of manufactured goods ready for consumption has
decreased by nearly two thirds. All of these figures, both of imports
and exports, are based on values and not on quantities. The latter
would be the most accurate measure of progress, as prices have changed
materially--either fallen or increased, mostly the latter--on many
important staples; but it would be virtually impossible to consider
these matters from a point of view other than that of values, where
everything is grouped under an inclusive total, and in all probability
the change that might follow a quantitative analysis, rather than one
based on values, would not materially alter any conclusions that might
be drawn. The changes in American exports during the same period were
by percentages as follows:
_EXPORTS_
_1830_ _1870_ _1912_
Crude food-stuffs and
food animals 4.65 11.12 4.60
Food-stuffs partly or
wholly manufactured 16.32 13.53 14.69
Crude manufactured
material 62.34 56.64 33.31
Manufactures for use
in manufacture 7.04 3.66 16.04
Manufactures ready
for consumption 9.34 14.96 30.98
Miscellaneous .31 .09 .38
------ ------ ------
100.00 100.00 100.00
The noticeable features of the record of American exports for the last
eighty-two years are that the export of food-stuffs has decreased
rather than increased in proportion to business in other commodities;
that the export of crude manufactured material has greatly decreased,
and in fact, with the exception of cotton, has become a negligible
quantity; and that the export of manufactured goods ready for
consumption has increased enormously. Exports of cotton are now the
basis of American export of raw material. Whereas the total production
of cotton in the United States in 1830 was only about 1,000,000 bales,
in 1912 the United States furnished nearly 11,000,000 bales for export,
valued at $625,000,000, amounting to fully five sixths of the value
of all raw material for manufacturing purposes exported by the United
States in that year.
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