New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1876-10-01

| The week has been one of the busiest
1 New York has had for q long period. The
city has been full Of strangers from ali
parts of the country. Visitors to the ceu-
tennial include, Now York in their pro
| gramme, and thousands Of them have
doubtless been saving money for months on
purpose to m ke purchases here. 1t is not
unlikely Gales in the country have been
kept down for long time by the pers istent
refusal OF people to buy goods even VIXEN
| needed in order to cave money for larger
| Purchases here. g Ii is not quite safe to con-
] clude that because our, hotels are full to
Overfowlng and the, stores are crow ded
| unusu ally brisk, good times have perma-
| nently returned. THIS centennial squirt il
not likely to last long, and may be followed
By period OF dullness. Bat it has given
thiAgs a fresh and needed start, and il low
seems quite likely that the impetus will bs
| telt long after the occasion has passed. Il
should be remembered that the activity of
Americans is irrepreesible, and that
As 600, 900 of money wanting, luxury loving,
show-makiDg. world moving Yankees are
not going to sit still and suck their thumbs
great while waiting for something ID turn
up. 1t is the genius of the American char
acter to turn things up, and if there is no
profitable business, they will make busi-
ness that will pay. esi. .t-5t..ia- "a
Manent busine SIS improvement. The Messrs.
Sanderson Brothers, extensive steel manu-
facturers, OF Sheffield, England, announce
their intention of establishing a branch
mandatory at Syracuse, and if the bust
ness prOspers they will make it their chief
mandatory. A large English cutlery
manufacturer is making preparations to re-
move to the United States. The iron and
hardware interests in England are de.
md fhnra haA
in both of them. Both of them depend
largely on American markets. The duties
are heavy and the profits have shrunk out Of
sight altogether. On the other hand, labor
here is very low. The cost of living ia not
much greater than in England. Coal and
iron ores are cheap, and the market is close
at hand. 1t Is obvious that America has
decided advantages for manufacturing
talent and trained capacity backed by cap-
toned will be likely to be followed
by others; England has grown rich
by manufacturing for other nations
but we are finding out that it is far more
&C onomical to save the cost of double
transportation by manufacture at home.
ana a.e already beginning to supply the
English markets with our goods. Our
cheap cottons find a ready sale in Liver.
pool, and even In Manchester, while they
Janelro. American states are found to be
superior to as well as cheaper than tho 80 of
Wales. The English demand for petro-
leum, which three years ago was a drug in
our market, has raised the price of that ex
cluslvely American product to about forty
cents gallon, and the foreign demand for
1t is steadily increasing. American beef
hnds quick and profitable sale abroad.
The European demand for silver is lappuid
but California grain is shipped in enorm Gus
q quantities, and the vessels bring back Eug-
llsh coal for ballast at merely nomina,
rates, thus keeping the mandatory and
other tires OF she Pacific coast burn
ing at the .vvosv rates. IN shor.,
the foreign exports of the oountrv
are on the increase and never before
were there so many markets abroad oman
20 whst we make and raise. We ave slso
maue rapid progress in new branches of
The silk trade in 1860 was of |
nn account whatever; but the prodnct of
1919 was valued at 81 ,OO0, 900. The mann.
[acture OF worsted goods has risen in fittaar
years from nominal sum to SIC. 900 OOO |
and the importation of many other art;cies
las oeen partially stopped by our snnerior
r cheaper manufacture. The effect If tbi.
hanes On the permanent business and
prosperity Of tins country must be- favora-
ne and gresc. America is fast becoming a
oui'ci lnstoa0 81 debtor nation. 1t sells |
a no. IMAM 1t buys. And the influence Of
u .. foreign trade on domestic business
a l soon be seen in the revival Of all kinda
I industries, the restoration of confidence.
No me starting of new enterprises. This
menoratl0n may not como in ono month
OF IN SIX, bnt. however it may be DELAYED
untavorable circumstances and unWise
cts. It ls one of the certainties of the not
'stant .uture.-Nev York Graphic.