Virginia free press & farmers' repository. [volume] (Charlestown, Va. [W. Va.]) 1827-1832, 1830-12-29

ries OF commodities included IN these ex-
ports, accordingly appears to have been
As per CT. since 1911. la the absence of
sufficient data TO assist US in an analy-
sis of this fall into its constituent eie-
ments, we feel justified in assuming.
- the result Of the best consideration
we have been able to give the subject,
that II we take the effect Of peace in
the reduction Of the costs Of production
and OF the rate Of profits at is 10 go
per cent. ample allowance will have
been made for the influence Of that
cause on the p'ices- The remaining
rs to so per cent. Of the fall can only
be accounted for BY the rise which has
taken place in the relative value Of tho
precious metals.
La particular commodities the fall,
calculated on the returns Of their de-
clared value IN 1914, and 1923. has
been as follows In cotton manutac-
lures, IS per cent; in silk do. SIS in
linen 10. As; in woollen do. So; in
brass and copper do. o. in cutlery
and hardware, So; in iron and steel,
wrought and ubwrought, 50; in tin,
unwrought,t Sc; in lead and shot, 81;
in British refined ssltpetrr. Go; in
Goals and cuIm, IS; in soap and cam
dies, SO; in ham and bacon, beef aud
pork, so; in fish Of all sorts, So; in
bread and biscuit, 90; in seeds Of all
sorts, AZ; and IN plate, plated rarc,
.jeDeiry and rafches, z. There has
been b further declension IN the u ices
Of nearly all the above articles in 1926
A considerable proportion Of them.
also, have been shipped for British
merchants. and manufacturers, to TO
reign markets. where the declared va
lue has not been realised-the gross
fall in cotton manufactures, since 1914,
amounted in 1899, to 50 per cent.
One species Of manufacture appears
to have nearly maintained its price
peace and lowered profits jointly, have
only effected it to the extent Of 7 per
cent. 1t is the last in the above list.
and its solitary stand in the midst of
the general downfall, marks, with hap
py effect. what has preserved il from
the fate which has laid all the other
prices PROSTATE around it. Opposite
jurfa sc posita n,agis elucescunt.
The result Of the preceding investi-
CATION is, that the general fail in the
money prices Of commodities, which
since 1911 appears to have been, at
moderate estimate, = SO per cent.
may be considered as having been
'caused-lst, To the amount Of ) per
cent, probably, by the diminution in
the costs Of production and the dcpres-
sion in the rate Of profits-the effects
Of peace. --2dly, To the amount Of ten
per cent. ~ respects this country, and,
probably, some others. similarly stu
ated. by alterations ia tie national cur
reaey. And Silly. To the amount Of
25 per cent. by the rise which has taken
place IN the raafire UGiue IF the pre-
cious metals, constituting the material
Of the money Of the world"
Can any one resist the force of those
facts, and the conclusions TO which
they lead; Does il follow that the
reduction Of the price Of dutiAble arti.
cles should be attributed 10 the high
tariff, or should not the reduction be
attributed much more to the Causes
which have suspended ne working Of
the mines, and cut on the supply Of the
precious metals. We propose 20 fol-
low up this subject, aud ask careful
hearing.
'Ifwel leave thc declared val,se IN 1911, =, i4t,
,satl .sta .l..... a 81. A