OCR Text |
Show Porto Rico Is Gccd Market Island Possession Buys About 95 Per Cent of Its Merchandise From United States. Porto Rico promises an enlarged market for the products of the factories fac-tories and farms of the United States. Reports from that island indicate that the sugar crop will be the largest in the history of the island, and, at the present high prices, will add greatly to its purchasing power. A compilation compila-tion by the foreign trade department of the National City bank of New York shows that the trade between the United Unit-ed States and Porto Rico was $100,-000.0(10 $100,-000.0(10 in 1910 as against about .75,-Oon.OtH) .75,-Oon.OtH) in 1015. .i;5.00O,(H) in 1014, .50,-OlXUHiO .50,-OlXUHiO in the fiscal year 1010, S.'IO.-iKJO.OOO S.'IO.-iKJO.OOO in 1905 and $7,500,000 in 1S99, the year of annexation. Merchandise sent from the United Stales to the island In 1010 aggregated alxmt $10,-Ooo.i.kki $10,-Ooo.i.kki value against .:',-. Oon.ooO in 1911. $27.iKt0.O'K) in 1910, .11,000.000 in 1905, and $ 1,000,000 in 1S99. The value of the merchandise passing out of tlo island in the calendar year 19K amounted to $75.00(1.000 against :-, 00(1.000 in 191-1, $::0O( I.OOO in 1010 and $10,000,000 in ISO!). About 90 per con. of the merchandise passing out of th island is sent to the United States anil about !)5 per cent of the merchandise entering the. island is composed of demesne de-mesne products of this country, being chiefly cotton goods, boots and shoes, machinery, manufactures of iron and j steel, flour, meats, rice and fertilizers. |