5 86
UNITED STATES.
The commercial intercourse of the United States with Great Britain and Ireland is shown in the subjoined tabular statement, which gives the total value of the exports of merchandise — exclusive of bullion and gold and silver specie — from the United States to Great Britain and Ireland, and of the imports of British and Irish produce and manufactures into the United States, in each of the ten years 1860 to 1869 :—
Exports of Merchandise
Imports of British HomV
Years
from the United States
Produce into the United
to Great Britain
States
£
&
1860
44,727,202
21,667,065
1861
49,389,584
9,064,504
1862
27,715,157
14,327,870
1863
19,572,010
15,344,392
1864
17,923,577
16,708,505
1865
21,624,291
21,227,956
1866
46,854,518
28,499,514
1867
41,046,034
21,825,703
1868
43,062,383
21,431,632
1869
42,573,047
24,624,311
The immense fluctuations visible in the preceding table were caused chiefly by the supply of the single article, cotton. In 1854, the United States sent 722,151,346 pounds of cotton to the British market, and in 1860 the amount had risen to 1,115,890,608 pounds. The supply fell as low as 6,394,080 pounds in 1863, but rose to 14,148,064 pounds in 1864, to 135,832,480 pounds in 1865, to 720,057,440 pounds in 1866, to 528,162,096 pounds in 1867, to 574,444,752 pounds in 1868 ; and finally, in 1869, to 644,327,921 pounds, of the computed real value of 23,706,662/. Next to cotton, the most valuable export article of the United States, for the above period, was wheat and wheaten flour, the sup- ply of which, however, was subject to great fluctuations. In 1858, the exports of wheat and wheaten flour from the United States to Great Britain amounted to 4,782,785 cwt., in 1859 to only 430,504 cwt., and in 1860 again to 9,315,125 cwt. In 1861, the exports rose to 15,610,472 cwt., and in 1862 to the unprecedented quantity of 21,765,087 cwt. In 1863 the exports fell to 11,869,179 cwt. in 1864 to 10,077,431 cwt., in 1865 to 1,498,579 cwt., and in 1866 to 986,229 cwt. In 1867, they rose again to 5,091,733 cwt., in 1868 to 6,753,389 cwt., and in 1869 to 15,320,257 cwt., of the computed real value of 8,594,701/.
The values of exports from the United States to Great Britain
