Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1875-05-07
CONNER Progress.

Cotton still maintains itself the king
# our exports, though 1t lao longer
holds a sceptre over the political at
fairs of the Union. Last year the
value of the manufactured cotton ex-
ported reached the large sum of $2i1,
323, $50. IL addition to this, we sen,
abroad cotton fabrics worth S., 350.-
900. They were, for the mo part, OF
course, goods which were SUPPOSED to
be of better quality than are made at
home. But one canLot help re fl, citing
upon the advantage our nation would
possess, If we manufactured on our
own soil the raw cotton with VIII en- VT
now fill the markets of Europe nor
can we discover any good reason why
the Southern States should not com
pete successfully with the foreign and
Northern manufactures. When the
South annually sends two hundred mil
ions of dollars worth of manufactured
cotton abroad, the Ku Klux aud tie
White League will cease to disturb the
National Union.
The Western praifies are fast be-
coming the granary of tie world, and
iast year tie exploration of breadstutfs,
of which wheat was the chief, pro
duced to the country $i6l, 1913, SG4, or
bout $40, 900, 600 less than cotton. il
ever cheaper rates of transportation
make IT posi- bic for the Mississippi Val
ley wheat-growers to control the prices
Of wheat III European markets, so
hat they can underbld the producers
Oh the great plains OF Russia, the
supremacy OF cotton in our export
trade will be Sc iously threatened. l.
Is unfortunate that we cannot trace to
their ultimate destination for consump-
ton tue bIeadstuff, We export, and the
same Is true i'll respect to cotton and
other products. This Garnet yet be
accomplished by the government
agencies. For instance, large Qtian-
tity OF corn is consi gned TO Canada. 1t
Is known, however. that it is not con-
sumed there, but Is bought on Canad-
ian account aud sent to other countries
by the way of the st Lawrence River
There are numerous consIgnmentS OF
| merchandise to Queenstown, Glbrulter
aud other ports, to await ord, RS; and
| thus it appears from our returns that
| more corn is exported to Ireland than
was actually imported there, accord
| ing to English statements, from all the
countries IN the world. 1t is hoped
that III time, by international eXchang-
| IS of official information, we may
| learn exactly where our productions
| enter into consumption. Other pro-
| visions, OF which large quantities are
exportt d, are bacon and hams. beef,
butter, cheese, eggs, lard, pork, fish,
vegetables, green and dried. Their
value, added to that of breadstuffS,
increases the value of food materials
exported to over $40, 500,0 900. l.
IT, this be added the value OF tobacco
-S32, 96S, 52S-and cotton. the value
| of the productions of our soil Xporrcti
last Year reches the vast aggregate Ui
more than $4S4 TOO, OU0, which Is with
| in ten million dollars of ,three-fourth s
the value of al! our exports during
that period. The other fourth is
chiefly made up OF forty million dol
lars worth of petroleum, and numer-
| Gus articles of manufacture
There IS another branch OF this sub
Jet which is of vital importance to
tue country. The balance of trade
seems 10 b. fifty million dollars in
favor of the United States But there
is left out of the account on the one
side the Indebtedness abroad of the
| Omitted S ats, aud OF numerous rail-
roads, corporations and municipalities,
and the interest thereon, which musi
be annually paid in gold On the
| other side of the balance sheet is OMIT.
ted the expectation of precious metals
| We hope when the account is fully
made up there will still be a balance
in favor of the United States. -Ncu
| York Times