The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-10-01

q
what does this margin of half billion dol
lars represent2 Mostly gas. The properties
thems selves are earning Or per cent more
than last year. but this consideration ID very
little regarded. With the feeling prevalent
tho advance would be- al great n tney were
earning less. ----
Between August and September 81. the Inn
Dortations Or gold AT New York amounted
To ss3, SEC, 900. This gold came In good time
The New York Post says:
EXCEPT for the foreign specie which has or
rived since the beginning Of August. we
should undoubtedly have had, weeks ago.
very stringent money market at tins centre r,'
as tho demands upon 1t, both local and from
the interior, have been unusually large
When the currency, which has been sent
South and West, and which has pTeventea
the foreign specie from angmentin9 New YORK
bank reserves, returns, there Will undouhted'
~ be- an extremely easy money market IN
less, oil course, speculation creates Ictltous
values 30 rapily as to take up the enlaFgsd
loan facilities Of the market. " should De
remembered thHt we ATe now passing thfOugn
d season when the loan market, IL ut any
time during the year should be stringent, ana
that If Is not so now, because OF the large Inn
portations of gold since specie payment re-
sumption.
Our EXPORTS AND IMPORTS FOR FORTY
-FOUR YEARs.--Ths statistical abstract of the
United States for tho year 1878, prepared by
the chief OF the Bureau OF Statistics, con-
tains d table showing the values Of imports
and exports from 1886 to 1875 both years In
elusive. It appears from this table that the
imports exceeded the exports during twenty
four out Of the forty-four years. II also an
pears that for the whole period the exports
very largely exceeded the imports. A some
what curious fact la that the excess Oh I'm
ports and exports respectively occurred for
the most part In groups of years. Thus. the
imports exceeded the exports from 1885 TO
1889 inclusive, from 184S to 1850, from 1862 to
1864. from 1864 to 1867, and from 1860 to 1873;
while the exports exceeded the imports from
1s42 To 1874, from 1856 to 1869, and from 1874
To 1878. Another table shows that the mer-
ehandse imports exceeded the merchandise
exports during thirty-two Of the forty-four
years, and that the total excess OF imports
for the entire period was very much greater
than the total excess OF exports, In fact
nearly three times as great, and leaving out
1877 and 1878 more than seven times as great.
The VOLUME or MONEY AND ITs REnA-
TICN 10 Il RlJIGsSs--MT. NGWHHLCIs I'LL CLAIINilb
London banker and statisticlan, who has been
continuing Tooke's History Of Prices, bring
ing the tables down to date, finds that while
prices ruse rapidly from 1850 to 1864. they
have steadily declined since the latter date;
while the volume Of coin, bullion and paper
circulation has gone on increasing tn enor-
nous proportions. He consequently argues
that the volume OF money can bear no such
relation to prices as has been alleged. TAX
Ing the average OF prices from 1876 to 1860 as
q basis of calculations, Mr.. Newmarch finds
that up to 1864 prices had advanced " per
cent, but since then they have declined with
comparatively little tiuctuation until, In De.
cember, 1878, they were but per cent higher
than In 1850. The increase OF the precious
metals In the meantime has been authorita-
lively estimated at not less than q 800 100000,
while the expansion Of paper may be seen from
a.. SIT s.x ,sv,r~ taH1