The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-10-13

| prOHt at which the goods will sell, imports il
q country like this are sure to exceed the nom
mai value Of exports. Yet the exports may
Df1ng TO the exporter larger sum of money
| than would purchase all the imports. But il
imports continue to grow and exports tc
! d1fn1nlSh, q time must come when the country
| mas actually to Withdraw some of it's old say
lngs to buy the balance it needs of imports.
| This point would seem to have been reached
IN England Any one who could calculate
the money value of British savings, could cal
culate also the time it would take before
England must cease to buy from very inca
pacity to pay. The adverse balance of the
| British foreign trade account is not reDre-
sented exactly by the difference between the
| custom-h house estimates Of exports and i'm
ports. A large quantity of foreign produce
is re-exported. The residue may not be
beyond the power Of Great Britain to pay for
out of her enormous invested income, and SO
far the only harm done is that she will for
the time cease more or less to save and in
vest. But the difference against Great Britain
between the money paid in by foreigners to
her account, and the money she pays to
them, is far from the total extent OF the loss
British trade is now mourning # the figures
OF the present and past months be compared,
q very menacng condition of things will re-.
veal itself. It will be seen that not merely
have the exports been diminishing inces-
sanity for every month in the last year and
Q half, but that latterly exports have been
falling in value not in quantity. Foreigners
lower price. Manchester and Newcastle and
Birmingham have been working for the for
eigner not half time, but half price. English
manufacturers have been, in fact, attempting
TO bride foreign customers into taking goods
they do not want by their cheapness. Our
readers know what is urged in favor Of such
@ course OF trade. British manufacturers can
not afford, it is said, to leave their manufao-
t tsIdlg apparatus IDLE They are still more
dlsused to English goods and a prey
possibly to alien Establishments Moth
ing, it is laid down as an axiom,
is harder to recover than lost mar
ket. Rival manufacturers from Belgium
and the United States, who must, like Eng
lish manufacturers, either manufacture at
loss or not at all, might it is threatened, step
on to the unoceupied territory and entrench
themselves. For the time the evil brought
about al by oyertradiing must be endured It
vested capital, including the work people who
are as much capital as the mills. Half-time
will not bring. in the legitimate profit on a
capital which is double the amount capable
Of profitable employment. To close the mills
altogether might be cheapest in the end, as it
Is to strike q bad debt off q traders books
But that would be to decide to starve half of
Lancashire, which has, masters and men, its
subsistence locked up in them. Happily, the
prophets Of good times must turn out right
sooner or later, and their predictions are as
outrageous as ever. The markets of Asia and
of Eastern Europe, which have been closed
by war and famine, must soon again be
opened. No one can foretell whether it will
be next month, or half year hence, or two
years: But Lancashire is entitled to trust
that it may be soon enough to render needless
SO sharp remedy for past over-trading as
complete cessation OF present trade, We will
hope that this change may come speedily and
Lancashire will then have an opportunity OF
repentance. II it pursue Its old course and
suppose that trade can be developed. not by
improving quality, but by increasing guam
tlty, and by investing all its profits in a sim
gle branch Of industry, the depression Of the
world has discovered it can have too much
of Manchester goods. Lancashire must dis
cover a newer tune for Europe and Asia to
dance to than sized cotton. II it desires to
make q reasonable profit on It's growing capt.
tai, 1t must use q little inyentiveness, and
vary Its note.
The new coal firm Of Overton Il Conrad adver-
well known in this community and have a host
Of friends who will undoubtedly SEQ that they
get q full share of the patronage which is always
out into business for themselves. Their office ia
located ut 35h Carondeet street, and their yard
at the corner Of Tchoupitonlas and Washington
streets. Parties desiring first class Pttsburg,
anthracite and camel coal will end it to their
send in their orders at once.
Nine. Rosa Reynoir. ono of the most popular
miiiners in the city, has Just returned from an
extended tour through the North. and she and
her genia fh husband ere bnsy engaged ar
trade They have Just finished asserting and
placing upon their shelves one of the most
zephyrs ever brought to this city. She has has in
view Of o large demand this fall for millinery,
procured one Of the finest stocks Of the latest
novelties In the same.
Rev registration. New repatriation.