The Stourbridge Observer, Cradley Heath, Halesowen & District Chronicle.
Stourbridge, West Midlands, England, 1875-06-26 00:00:00

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SATURDAY, JUNE 26, 1875.

THN COI4.IIERCIAL OfIT

J)urtso the vist two or three weeks 'L.:tile ;las
▪ elnsdc,ruyo ansiet,y npla the Stock Ex-
cliAlges of tnie chi if CO i wenn. eit
cor!•,,rti" J li1,..
of well-kagvea tirus, k.,in.; bus )1.253 ou x
tensive sea.!e, w fo lo'ved• tiy it 4er'.,,s nf ;,.
Aons varyin, i ; en ball th, t;‘,
rate w.ou 7 ~r S p.-a• i il, the e,)s q: s
!iiUs bi a bcti iitiMiroi.
wo3 th.. ;,tre, it wiii-!tt I,lii
of 13ifl, when 4't •,' o
curred iit .tme City 1.11:11-, rett.l.t• It 1t•14.1.4.-t a
k:nils of a, enri...i.23, add cripp!, d tert.le
Fortuna:Ay, in the preseat. instarwo i
cheap. and the general co
somewhat shaken, aa3 not heel des:
fiusueial crisis of 1866 is stli the 1,e,.f. nit". s
in the City of hiyodon, and wore thoni
have now etapsel s_nee it paeiv-wriekeii
surged through Loinietrd-street, p.
drenching rain disenseri the fit w,, of
c:
upon that m€ni.iorebe Black ierin,y.
. There is, however, one whicb
brought to light by these wore retpir. f
and ttist is the existence ot a r.,:3
tun.ley leeottitito tatiou Ini:S of •,•}1
• ited. piron4 ruiy riven t,. ,
a merchant or a trader wlir's`-ftei::;'l.i:.l,(..:
natuniiy u.rwu,2 h trk. I.,‘y tor ito“,
rather Mute stiffly tlikto het n:t.?.3; ,
bi nself. it is h. yori,t :12e
B rulLie th t in Lii-sLe...in.; to„)
✓iin iirooey h:,ve bee,i
p it- and •sitever c(iofi leoce t) • ,etrt •it
winch even w;ien uLdispovtn:i ~;

* ' I,'

'4

firotinc ice, of
,p,r pant ;A A 4,1,
Fboa.l have siiivivea mitio:k
tiaisdenfion shows tlint at g4.4).iise
of the coml.)", is sonnil. d.,•
as on, previeue occasiens, ere
to Stock Exeliabees traitSliC'il)llS, e,
commodities,• Uni!110 uttien ot Wi k .
other cironti::-Atuices. A te•eiiii :lest ()ft.,.
•
recently been tent d n;io the n •,e) 4 A
liinit.èd liabinty concert's :iave nee:, „1..., tm.
Again, a gialtee lit, Lite Hien •or t„,,
S.lcc! e el tile JIOUSt: uf 4.;
apltotd to ittgaire in,J) r.h 44
Foreign L03:0, dev'es„,
aschii.accie to newly Stat.:444s I,cert ritia r.. b
wc.tne pnithe, we() in glnii:litlikrospc....3tne',_3
been tout uf the inextiagfittWitfelpar,:„,
and that
,cuuntry, aud of the cc 4'y
Lligh rate of interest. Good invest,i,. it, v`.;
for years been so setirCe. that people wi, h f
pouads ro spsre, aud seeing highly re5.8).c,.0,10
mimes it the heed of a prospectns,
imp!icit faith in its proueiFles, zu.iltoo often
had occasion to regret that they hadio
breil
saii-tied with-urn honeet 5 per 0+314. A-I ,
time tnere has been au under cierent ot keoe.
tri
ledee of the existence of disturbing i„„nc,
. and, triis has interfered with eredie Home m-
es sections have beert curtailed, the expoi to
foreign lands reduced, and outlying reseurces
called in. Looked at in the light of „cent
experience, therefore, the falling offour
exports, as set forth in the Board of Trade re-
turns, ieetead of being' a stihjeet of regret, ought
to be viiered wiat satiafaction. The • f )reipi
markets are glutted, and until the stocka of
goods abroad are cleared off,- farther sales: of
consigner, euts would he adding to previous tosses.
The misfortufrei . that have been so. litely
chronicled, and Of 'ALAI the worst has ncw luf en
seen, may be reg,:iftla," its the clearing Of toe
commercial attueePher6.
..Nething is wore timid
than trade, and wbere its Weis is uot sounti, it
is impossible that it can flourish. Bat the
satisfactory state of the public revenue, and the
increased traffic receipts npon the various lines
of railway, testify to a considerable amount of
internal prosperity. Granted that some branches
of businese such as coal, iron, and jute, are less
profitable now than they were a short time ago,
it is clear that the fonielations of the country's'
commerce have lee, been undermined. True
there hive been losses upon grain imports, but
at present prices an xe:ss of this class of im-
ports eleeeis eet, foed. The Belk of Englan
returns ate lavi,urabbi. and the r.serve iieti a ,f
that iiisteau tif tttore tieing any ;.-frcat pre•isurc
for accoitouAa.i ehe reverse is ectuadv the
cue. The foreign exchanges are also iudicalive
of 'considerable strength, and all the systiptome
et the MAI lv-te pint to a speedy return of con-
illence and quiet. When once the don Is which
have overeat the financial elty clear away, more
profitable
.trade employment for money may
expeeei ..o oe tumid. • People need not confiue
themselves to "the sweet simplicity of the.
Three per e lit; for there is an ample number
of le.gitinV,.ite eeterprisee in whiCh amuck better
ralltil 'OM i-if;d. High interest is not
necessarily Leoeiceted with bad security, for a
shipoweer often clears 25 or 30 per cent. on a
Voyage; hut we cauuot all be shipowners, and
most of us would be satisfied with a safe 10 or
12 per eclat. in e (inlet matter-of fact way.

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WERE AXE A N LAMES. who have not yet,used the
StAilca, they art reopectfudy solictted to
auki carefully follow out the avetiona
printto eVety ithd if this is doti., ;hey will
daV, ilkf' the Lal:2l,lrtllP, It if the Sheet &Ili&
they ever &meth Vt hen y(rti K.,it for 01.1tN/lIILD
see that you get it, as inferior kinds lire Often SUblititated
irr the sake of extra profit. Beware therefore of rylki
us imitations.