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Americus Times Recorder
Americus, Sumter County, Georgia
What is this article about?
Porto Rico completed its most prosperous year in history, with exports and imports over $105 million, up $23 million from last year. Sugar exports reached 429,955 tons at record $108 per ton, contributing to a $27 million trade surplus, mostly with the US.
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SUCCESSFUL YEAR
SAN JUAN, P. R., Aug. 31. Porto Rico has just completed the most prosperous year in its history.
Official figures compiled up to July 1 show exports and imports at a valuation in excess of $105,000,000, an increase of $23,000,000 over last year, and a gain of more than $13,000,000 over 1912 which had been the banner year.
Exports for the past year exceeded $66,750,000, while imports were slightly less than $39,000,000. Of this trade the island shipped to the United States products valued at almost $61,000,000 and in return bought goods valued at $34,750,000. Out of a total trade of more than $105,000,000 more than $95,000,000 was with the United States.
There was a balance of trade in the island's favor of more than $27,000,000.
High sugar prices and a large increase in the sugar output were chiefly responsible for the big increase in the island's trade. During the twelve months ending with June the sugar exports were 429,955 tons, valued at $45,000,000. The average price of $108 per ton received for this sugar was the highest price in the history of this island industry. Other chief items of export were coffee valued at more than $5,000,000; cigars at more than $5,500,000; oranges, grapefruit and pineapples valued at almost $3,000,000 and leaf tobacco valued at approximately $3,000,000.
The island's chief purchases from the United States were rice, valued at $5,600,000, flour valued at approximately $2,000,000; hams and pickled pork valued at $2,000,000.
Approximately a million dollars was spent for automobiles.
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Where did it happen?
Domestic News Details
Primary Location
Porto Rico
Event Date
Up To July 1
Outcome
balance of trade in the island's favor of more than $27,000,000
Event Details
Official figures show exports and imports exceeding $105,000,000, with exports over $66,750,000 and imports under $39,000,000. Over $95,000,000 of trade was with the United States. High sugar prices and increased output drove the prosperity, with sugar exports at 429,955 tons valued at $45,000,000 at $108 per ton. Other exports included coffee, cigars, fruits, and tobacco. Imports from US included rice, flour, and pork. About $1,000,000 spent on automobiles.