The Bolivar bulletin. [volume] (Bolivar, Hardeman County, Tenn.) 1865-1888, 1877-09-13
ENGLAND.
Alarmed at the Falling OF In her Ex-
port Trade-A Painfully Familiar
Fact-ReVIeVF by the Times.

Alarmed at the Falling OF in her Ex-
port Trade-A Painfully Familiar
Fact-RevIevE by the Times.
The annul statement of the trade the
United Kingdom with foreign countries
and British possessions has just been is-
sued for 1876. The Times remarks;
"The country is painfully familiar with
the fact that our export trade is falling
off, and the abstract tables given in the
beginning of the volume enable us to
trace where this falling off is most pro-
nOunced. Thus we see that our exports to
Germany were last year nearly twelve
million five hundred thousand pounds
sterling lower in value than in 1872;
that France is a very steady customer,
and also Italy. Trade has asO been
wonderfully kept up with Turkey as a
whole, though Turkey in Europe shows
a great falling off. Petty borrowing
states all show very badly as a rule, such
as Peru, the Argentine confederation,
| Colombia, and such like, whose trade got
a few years, unhealthy stimulus from
| iII-spent English gold. AS a whole,
however, the export table is not so dis
couraging as we might have expected,
nearly every leading customer, except
the United States and Germany, show
ing, all things considered, remarkable
steadiness in purchasing pswer. There
are special hindrances, of course, to our
trade with the American union, but
these allowed for, it is standing fact all
the same that our exports thither have
fallen from about forty-six million pounds
sterling, including the Pacific trade, in
1872, to a little more than twenty mil
lion pounds sterling last year. The ex-
port trade to our own foreign possessions
keeps fairly good, and though last year 5
totals were below those of the three pre-
vious years, they are still more than
four million pounds sterling above 1872,
the Australian and South African trade
being the steadiest of all; Our exports
TO Canada, however, show very severe
depressiOns last year compared with
1875. As to particular articlIs, the ta
bles are equally valuable and instruc
tive. The quantities tables particularly
tend. even on the export side of the &C
count, to lessen in some measure the
alarm with which we are ready to view
the serious fall in values. They show US
for one thing, that a little over-pToduc
tiOn has a disastrous influence on prices
J It is true that if we take such al
exceptional article as iron, the quantitie
, exported suggest no consolation, for the
falling of in demand has been more thar
0 1872, taking iron and steel together
e Few other articles, however, give such I
= bad testimony, although prices ar
nearly universally depressed. The ex
port of unwrought copper has, TO
) instance, increased steadily in quantity
:. for the last three years, and the expor
I of yellow metal was decidedly greater II
= 1876 than in 1872 or 1875, though smalle
e than in theintermediate years; yet price
n for these have gone down very severely
e Again our exports Of cotton piece-gOod
$ have remained almost at a level for tn
: whole five years, and were last year a
: their highest point. Yet these price
: have also given way, in part, no doubt
T through OverstOcked India and Chin
il markets, or because of a competition i
, prices with other sources of supply. Th
4 record of most kinds OF woollen goods is nc
q quite so satisfactory, although we shOul
e not call the figures disheartening, judge
by quantities only"