The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-11-02

III the midst Of the speculation. closing UP tne
large Eastern avenues Of trade and the generh1i
all the world h mi aresses have
not been In SO general demand as neeTe.olore.
The failures reported Of Lyons, we pelieYe. ore
tres. In the other silk districts matters are less
serious because dealers acted more Rruaentiy
and there was No over masnuIaeturlng. AZ
he made at decline of % y cent from mnnufac-
turers' prices. and failures were inevitable
tG the ss eony has 6een
fering from an overstock on account 2f the large
fmportations and goods are now selling lower
manttaetnre of American silks has had some
influence, but has certainly not checked i'm
portations. Foreign manufacturers must have
this market as an outlet, and, In fact. cannot
carry on the business with any success without
It. The American manufacturers do not enter
into serious competition with foreign makers in
dress silk, but they have well nigh broken down
the foreign trade In silk handkerchefs. ribbons
and laces. The American goods are manu-
and q sk 6sp gara1 0n Kinds spa
mixed together, the European being used for
the chain and the Chinese for filling.
Int resting statistics.
The latest statement Of imports and exports
of August and the eight months ended August
81 is chiefly interesting to the general public rs
showing the specie movement. >. me net ex-
ports-that js, the remainder after deducting
the imports from the sum OF the domestic ex-
ports and the Reconnaissance s41174o last
August. against 81. 292,4 54 IN August 1875. The
net exports during The eight months ended
August 81 were s25 4be65 against ssT 6ie 479 dur
ing the corresponding period last year Dur.
ing the first two thirds of the current year. the
net exports were at the rate OF S3s, 1874 975 "
year. During the corresponding period OF
last yeaI they. were. ut the rhte OF $50 "a ~.
These figures indicate, though they do not fully
prove. that we retained alb )ut $4,000 900 of the
product of our mines last year. and that we
shall retain about s44,o0O,000 this. year. making
an addition to our stock OF precious metals in
two years. Those who take the balance Of trade
as the basis. Of their calculations make out our
gain of gold and silver to be much greater
But the balance of trade is utterly deusive
rs basis upon which to estimate the specie
movement. because we do not know how
much of the balance seerniogly due us in
and paid coupons We can tell whether the
treasury and the banks are gaining or losing
from their statements-that is. we could II
we were sure that specie always meant gold and
whether the, country Is gaining or los,
Import movements with the estimated an
nual product. Some of these are rather
uncertain, quantities, especially the last
enough to Indicate Enthusiastically that we are
adding considerably to our. store OF the
precious metals. In view Of the heavy ship
ments OF American produce the London Times
does not see how we are to pc prevented from
is in measure allayed by the recent shipments
Of bonds to this country But John Bull has
not much TO fear. We shall not need to draw
very largely from him.. II we can retain the
product OF our. own mines. and turn to our
shores part of the food that France Ia about to
let loose, we shall be able to resume when the
time comes without much help from other
sources.-ChicagO Times. Oct 80.