The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1894-02-08
sENGLAND'S TRADE.
The Exceedingly Pessimistic Report
nt That Comes From Across the
Water.
Britain Is Said to Be Fast Losing
Her Hold on the Markets Of
So the World.
Decrease In Exports and Imports Of
q Every Kind-Russian and Ger
zf.s man Connection.

i l. 7 4 i F. . = p ~
NEW YORK. Feb. IA special dis
patch from London says: The publca-
ton of the government board of trade
returns for 1891 has produced a pro-
found impression throughout tae coun-
try, and has deepened, If possible, the
gloom caused by the present CONNER
cial depression. The report fully bears
out the statement made some months
since regarding the decline in
the imports and exports of Great
Britain. The returns show that the
total imports last year were e405, 069, 900,
as compared with e423, 793, SS2 in 1892,
and Si35, AL ,264 in 1891. The value of
exports of foreign and colonial products
also declined last year nearly SO, 700, 900,
as compared with 1899. Hence the
country not merely imported less for its
own consumption last year, but it lost
the handling Of large amount as brok-
ers, and the usual profit thereon. The
value Of British exports in 1898 was
e21S. 496, 246, as, compared with e227, !
0S7. 058 in 1892, and e247, 1856, $50 in 1891. :.
The apparent balance against the
country was e127, 6s7, S59 pounds in
1898, az against Size, 409, 521 in 1891.
An Analysts of the Report.
In response to request for an analy-
sis Of this report for publication in the
United States for circulation in COM
mercial circles in that country high
government official, who also has an in
ternational reputation as a political
economist, has prepared and furnished
the foil wing: aa'.a- 49,
1.-THE great falling off in the past year
in our trade--like that of 1S92-is
mainly in textile fabrics. We have not
only imported less raw cotton, but we
have re-exported much more-mainly I'd
Russia, which seems to be gradually
encroaching on our Eastern trade in
manufactured cotton goods. The fax
and hemp imports still continue to de-
crease, and the wool imports show a
large decrease, both in quantity and
value, so that in every branch of our
great textile industries less work is
being done, fewer people employed, and
less profit being earned. AS a natural
consequence our ISL
Food Imports Are Diminishing
also. The value of the living animals
imported for food fell from an average
of about e9, 300, 900 in 1891 and 1892 to
E6, 351 ,704 last year, and nearly mil
lions worth less dead meat came into
the country last year than in the previ-
ous,. and nearly half millions worth
less than in 1891. The wheat import
values have lessened by more than
SO, soc, 00e as against 1892, and more
than Sc, 250, 900 as against 1891, but the
decrease here is mainly one of values,
the quantities being about the same,
which means, as bread still averages the
same price, that the middlemen, the
millers and the bakers have /.
Divided Nearly Five Millions
among themselves at the cost of the pub.
lie. The imports of wines and spirits
have decreased considerably, so that as
our hquor bill grows either the home
distillers and brewers are benefting, or
adulteration is in full swing, or here
again the sellers are profting by
low foreign prices. Our coal exports
continue to fall--not in consequence of
the great strike, as the miners no doubt
would like to make out, but in pursu-
ance Of the steady decline noticeable
since 1891, and showing last year de-
crease of "a, 000, 600 as compared with
1891, and nearly GO, 500, 600 against 1892.
The decrease in our exports of manu-
featured textile fabrics and yarns to
foreign countries and the East is espe-
cially noticeable. The exports of yarns
to Turkey for instance, were e21 ,529, 900,
as against sac, 1861, 900 In 1892, and
G25, 663, 900 in 1891, and the exports to
Bombay about 81, 200, 900, as against
e14, SOC, 900 in 1892, and upwards of
ST., 1000, 900 in 1891. The exports to
France fell from about 915, 900, 900 in
1891, and upwards of Ell, 50O, goo in 1892
to little over 81, 000, 900 last year. The
80. Germans Are Outselling Us
everywhere, and are, actually walking
away with our trade in woollen goods,
the Increase in exported woollen yarns
to Germany being es remarkable as is
the decrease in the export thither of
woollen and worsted goods. The re-
manning great shrinkRge is in metals
and metal, manufactures, Including
machinery and mill work, the total
value for last year was a44, 1886, 500, as
against GAG, 931 1913 in 1892, and ESQ, Off,
b31 In 1891. 1898 showing decrease of
upwards of e., 600, 900 as against 1892,
and upwards of e1o,oOO,o0o against
1891" el. s 8 80, 81 E.
Have Lost the Markets.
One Of the leaders Of the Social Demo
cratic federation, commenting on the
foregoing statement, declared that the
present conditions would materially ad-
vance the cause Of radicalism and re-
publicanism in Great Britain. Said he:
1--WE have lost the markets of the
world, thanks to capitalist greed and
the war between capital and labor.
Our much Wanted free competition has
overreached itself, We have taught
our rivals the blessed principal of buy
ing in the cheapest and selling in the
dearest market to such purpose that
they have set up business on our own
lines and are never at a loss to find an
Englishman who will help to ruin his
country's reputation for the sake of per-
sonal gain. Individualism stands con-
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