, 1873-01-31
Imports. Exports. Total. =
1858 a37G, Geo le255.g62, 600 .C609, ,338, 900
l67l 33D, ,754 ,0o0 o23,0CG, GOO 653,820, 900



These figures not quite complete, for there Is
large amount Of Eeexports, which reduces conaider
ably tho difference In amount between our Imports
astonishing magnitude Of our trade. Tho bare fact
that year bought from other nations caso
amount equal ell per head Of the population,
Per family-shows how much We are indebted
for tho comforts md nd. eonysnense* Of nfe
last year that people ut home were not we'll
employed, but they were employed to q
producing articles for direct consumption. The en-
ployn,en liz the important thing, and surely no Pro
teconiat will be left fanatic enough to ssy thas III the
which We bought from our neighbour might better
have been produced at home.
crease in one month with tho increase in another,
though, Of courso it remains to be whether the
period Of high prices will show increase its
predecessor It ia all the moro likely to do 80, how
ever trade has already been checked snd in 1873
although ut higher level Of prices. AZ connzma-
ton Of the real Increase Of business in 1872 the
figures Of our shipping may be referred TO- re should
have had fever ahps arriving and departing Il had
elesr.nces with ea1goes" At ports q the United
compared with IS, ,so2, ,ooo tons in 1871.
The last cot Of facts which we shall notice is In
nection with our trade in bullion. England is tho
bullion <trepot Of the world, and In consequence Of
the special demand for Germany last year the facs
unusually interesting. On balance, u have htely
pO1nLed UuL III GApo1NI6 A1ElcleB, QHuAUy [eCe1F6
moro bullion than We export, our annual excess Of
gold imports alone being from four to hve mill
lions. Tho difference il used up in coinage st
home and in the arts. But last Jear, as We
have insisted for 1nonths, there was great
strain upon "a and the ordinary Of trade
reversed. The complete figures for the year confirm
our account Of the matter. The gotd imports and e1
ports Of the Last three years compare follows:
Ercessy Ercessq "
Imports. Exports. Irnports, ErpoTts
1877. .El8, ,338 eco G19 $4,000 .... E14iI 600
187l..... 21,6l3, 900 20,698,0 900 1850 49,.
1s7o..... 1s,eo7ooo 10,o14'ooo s,7oa,ooo 49,.
In 1874 thcre is actual c1cesa Of more than mill
Ion Of exports, although the balance il ordinarily 40
much the other way. Curtous1y enough, the account
of silver much the same although It has only felt
the strain in all Indirect manner. The comparison is
Imports. Exports. fupoyts
1s72.. ,167,ooo Elo,5s7, 600 6 $4,000
l871........-.. 16,527,o00 Is o62,ooo s,4s5 200
187o.......... 1o,649o0o 100000 l,74aooo
Thus although thcre excess OF e1ports the ex-
Of imports Of silver last year very s1unu The
returns thus bear ample testimony to the remarkable
movements produced in the bullion markets bv the
payment of the Franco-Ger1nan indemnity. We re
not at the end Of these payments and thare Is eyery
probability that 1873 will nhow equally remarkable, II
not still more remarkable, results.
LATEST
In the afternoon wheat Was fairly active and
easier. No. 2 spring sold at $l-25N01. .25k
seller February, and 91.2sH@1. .29I seller March,
both options closing at the iaslle. CoEp mss