The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1881-04-02
BUSINESS.
IHTRLLIGENCE OF THE STATE OF
TRADE AT VARIOUS POINTS.
SOmethlng AbOut Our Exports and Im.
POFtS- Monthly Statement OF the
National Debt = BusineSs LAst
Year and ThiI-OtheF Trade
and Financial Topics,
OUR ROREIGN TRADE.
The POinI Approaching at which Our
Imports and Exports will balance,

The POint Approaching At which Our
lmpoFts aud Exports Will balance.
NEw YoRE, April 1.-The following re.
SpeCting the foreign commerce OF the
while country is taken from yesterdays
Daily Commercial Bulletin;
For about twelve months preceding the
last quarter Of 1880, the imports OF mer.
chandise had shown large gain upon the
exports, and apparently the point Is being
rapidly approached at which the imports
and exports will about balance each other,
lmportationB preparatory Tor the current
spring trade, however, began To show a
marked falling of in November, which
has since been continued, while the ex.
ports have materially increased.
We have on the trade OF the last iour
months Q decrease oil SIS, 400, 900, or is per
cent IN the imports, and an increase Of
w, 100000 or l23 per cent In exports.
Putting together the two items, we find
the trade balance oil these four months 10
be SO. .OOO, 900 more In favor OF the United
States than was the balance for the same
months ol 1879, and 90 this reaction ap.
pears to have been In Q large measure due
10 speculation and excessive importation
during the first three quarters OF 1850,
flooding our markets with import lines OF
goods, and In some cases involving i'm.
portsfS, and iobbeFs who aspire to Be- also
importers, In heavy losses.
The articles upon which the bulk OF the
decline In receipts has occurred have been
coffee, pig iron, old iron, hides, hemp,
jute, leather, opium, tin, wool and to.
bacco. On come Of these articles i'm.
porters have been able TO maintain prices
ln spite Of previous excessive importa.
tions, but they have done so only through
reducing their later imports. The gain In
exports is susceptible OF easy explanation.
The enormous Increase In our imports
gave an impetus to the trade OF other
countries, and especially Of Great Britain,
and they In turn became larger buyers OF
our products, especially OF cattle, cotton,
provisions, fruits, iurs, leather, tplrits and
tobacco. While Notwithstanding the gem
orally good results Of these harversts, they
have required large quantity oi our
breadstutE5 TO compensate for the low
stocks caused by the failures OF their pre-.
vious crops, this reaction can hardly be
expected TO prove permanent, The cur.
tatlment Of our purchases In other Coun.
tries will, on the one hand, check their
purchases Of our products, and the diBtri.
button Of our surplus Of imported mer.
Chandiae will, on the other, let loose the
spirit Of speculative importing, when our
imports will show fresh expansion.
In the meantime, however, the change
has renewed the drain upon Europe's
stock ol gold. The net imports Of specie
during the four months amounted TO S20,.
00O, 900, against $3360O, 900 for the same
months OF lS79-s0, and the imports OF
gold In March have also been close upon
100000. This revival Of the withdrawal
Of specie from the banks oil England,
France, and Germany will also prove an
important CounteraCIant upon the foreign
demand Tor our prodnCts.
Balancing the imports and exports OF
merchandise for the four months under
review, we find that the excess OF exports
amounts TO $3.50, ,000, 900, or at the rate OF
Si0S, 900 900 per annum. OF this balance
S20, ,OOO, 900 have been iquidated by the
imports Of specie, leaving $l07, 600, 900 TO
be settled in other ways. This Is the
course ol affairs, IRAN which there must
be aspeedy change, In one way or anolh.
or, and II behooves those whose interests
are directly dependent upon foreign ex.
changes 10 keep close outlook on the In.
ttuenceg that affect them.