. The literary digest. 8,081 1884 4,626,578 3,083,849 7,710,427 1885 6,396,500 4,149,311 10,545,811 1886 7,520,581 4,056,236 11,576,817 1887 6,246,626 2,984,042 9,230,668 Average of five years $9,384,361 To To — China. Hongkong. Total. 1888 $4,582,585 $3,351,952 $7,934,537 1889 5,791,128 3,686,384 9,377,512 1890. 2,946,209 4,439,53 7,385,362 1891 8,701,008 ,697 13,469,705 1892 5,663,491 4,894,049 10,557,546 Average of five years $9,744,932 To To Exports— China. Hongkong. Total. 1893 $3,900,457 $4,216,602 $8,117,059 1894 5,862,426 4,209,847 10,072,273 1895 3,603,840 4,253,040 7,856
. The literary digest. 8,081 1884 4,626,578 3,083,849 7,710,427 1885 6,396,500 4,149,311 10,545,811 1886 7,520,581 4,056,236 11,576,817 1887 6,246,626 2,984,042 9,230,668 Average of five years $9,384,361 To To — China. Hongkong. Total. 1888 $4,582,585 $3,351,952 $7,934,537 1889 5,791,128 3,686,384 9,377,512 1890. 2,946,209 4,439,53 7,385,362 1891 8,701,008 ,697 13,469,705 1892 5,663,491 4,894,049 10,557,546 Average of five years $9,744,932 To To Exports— China. Hongkong. Total. 1893 $3,900,457 $4,216,602 $8,117,059 1894 5,862,426 4,209,847 10,072,273 1895 3,603,840 4,253,040 7,856,880 1896 6,921,933 4,691,201 11,613,134 1897 11,924,453 6,053,612 17,978,065 Average of five years $11,127,482 How much greater has been the expansion of the trade involume than in value may be inferred from the following consid-erations : The chief articles of export to China have been cottoncloths and refined mineral oils. To go back only to 1891—theyear of greatest export value, up to 1897—there was sold to. China, in that year, 80,934,246 yards of colored and uncoloredcotton fabrics of the value of $5,334,860, or an average value peryard of about cents. Last year China bought from us 140,-121,035 yards of the same fabrics valued at $7,438,193, or an aver-age of cents per yard. Thus it happens that while the increasein value of this trade was barely 40 per cent, over 1891, the in-crease in volume was fully 73 per cent. So with mineral oil; . .tho the increased value of the trade was only 29 per cent., its in-crease in volume equalled 57 per cent. The price of the two chiefarticles of import from China has—even since 1891—shown amarked decline. The 40,430,000 lbs. of tea imported in 1891 werevalued at $7,587,000, while the 56,524,000 lbs. imported in 1897were valued at only $7,288,000. The loss of value in raw silk hasbeen less marked, but while in 1891 the import of 1,426,154 a value of $4,386,939, last years import, which was1,907,892, only r
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