The Milan exchange. (Milan, Gibson County, Tenn.) 1874-1978, 1879-09-04
Total ....... s., 9l6, 10000 sl,779,:
Ma rennrt remnants Id ans table:

The report remarks OF TINS table:
In the foregoing list of impOrtatiOns (omit-
ting the decrease in wheat, sugar, and coffee
the articles of greatest Importance as lndlca-
tive of the decline of British manufactures
are cotton wool, and timber The decrease
in these three articles during the year 1876, as
compared with the preceding year, amounted
to over S46,O 600 900. The decline Ill the TIMBER
import, being very marked, shows conclusive
Nv the great depression in the ship building
trade and in the other trades into which wood
and timber enter as principal Factors. Inc
decrease in the importation OF cotton, al
though not so pronounced as that IN tlmber,ls
still as emphatic in connection with the ue-
preston of this great industry OF Great Brit
ain.
The expectation from the United King
dom has declined from S277, 100, 600 in 1877
to S257, los, 200 in 1873. The export
alton of wooden manufacture has de-
clined about 5000, 600; of iron and steel,
wrought and unwrought, over SS,5 200;
Goals, $500, 200, linen, lute yarns, ana
manufactures, almost S5,JOO,OOO' Al the
same time the report shows, what Is espe-
cially interesting to this country, that the
importations of manufactured cottons have
decreased more in appearance than realty:
During the five years beginning with 1874 ana
ending with 1878, the decrease has been 90I,-
| so, 900, or nearly One-third OF the lmporta-
tions of 1874, while in quantity the decrease
has been only one-eleventh. This is true OF
the decrease in exported cOttons. While
| their value is less, the quantity exported was
greater in 1873 than in 1874.
| The table of imports shows that the United
| States lead all other countries IN the value
Of commodities sent to the United Kingdom.
/ Their exports thither have increased from
| S254, $40 200 1872 to $37S, 234 900 in 1877.
/ The country standing next in Importance in
this respect is France, which in 1877 sent to
| Great Britain goods to the value of S22l,-
! 234. 900. While France has thus been in
creasing its export trade with Great Britain,
| its imports from that country have fallen OH
/ in the same years from s DID,, l95, 200 to $780,
! 643 900. More than half of the increase OF
| our export trade has been due to the great
/ demand for our breadstuffS and our wood
/ and timber. The increase in the value OF
/ the latter, and of wheat, sugar, and Indian
corn amounts to 51,995,0OO. The trade
/ between the two countries began to turn III
! favor of the United States in 1865. In 1865
/ the imports and exports to and from the
! Great Britain were almost equal. In the
/ two following Years the balance was against
US, but since then it has been increasing in
/ our favor until the above result has been
/ reached.
/ IL is Il mistake to suppose that cotton from
| this country is less in demand in England
| than it was seven years ago. The difference
/ between the amounts exported III 49, ana
/ 1873 i not material. Other commodities
| have grown to be relatively more important
articles of commerce, but not ut the expense
Of cotton. The following table will showt the
value of the expectations of our leading
/ commodities for the years 1872 and 1871, the
latter being the last year for which complete
/ returns are had: