The times. [volume] (Richmond, Va.) 1890-1903, 1894-07-31
nrrro,,sd Trade with England.

The Bonrd Of Trade returns Tor June
and for the first half OF me current y'"tl
are not satisfactory, chleHy peCd"ac VI
the great falling of in the exports 20
mo J-nited states. For the month Inc
value of the exports of British anu iIlsh
produce and manufactures was -I',JJ'.o'-
ia5f. a decrease of as much as -" .t",.,
ar nver 1is Der cent. The falling on lh
warns and textile fabrics. metals, appar-
ei and miscellaneous manufactures u
considerable ON the other hand' more
coal was taken by our foreign customers,
especially Italy and Egypt, ana AT DetlSI
prices than in June OF last year. As al
ready said. the unsatisfactory nature OF
the returns is chiefly due 70 the paraIy-
SIS of business IN the United states;
For instance. Turkey, Egypt, lndla, anu
China each took more cotton plece-Eoods
than twelve months ago, but the loss OF
American custom was greater than thc
gain In all these instances. 30 AGAIN
we sold smaller quantities Of Jute, linen,
WOrsted. and wOOlens. ana II IS the IAN
ing off In the United states demand
that is mainly accountable. FOR the past
six months the value OF the exports Oh
British and Irish produce and manuldc-
lures was 100. $50. hot, being decrease
compared with the first half Of last year
of S9I, 4Gjt.. or about = per cent. anu
again II is mainly 10 the United states
that is due the decline in our shipments
1t will be noticed that the failing OIL IN
the value OF the exports for the Whole
six months only slightly exceeded mat
for the single month OF June. In some
of the previous months, in fact thete
were increases; but the decline IN June
has told upon the whole peIlOd. All
through the six months the United states
have been buying much smaller quanu-
ties of our goods. Roughly, the exports
TO the United States show "a IaihnB Oh
compared with the firSt hdt or last
year of about five million sterling, or
between 40 and 20 per cent. Were IL
not for this the year would nave been
fairly satisfactory. II Is remarkabie
that up to the very end of June. there
was no falling OFF in the exports to india
After the Indian mints We're closed, at
the end of June last year, the exports
to India were immensely Increased. Ian
Cashire hurrying cotton goods out to
take advantage Of the rise In exchange
The orders placed In Lancashire were on
such an extraordinary scale that il would
seem they had not been completed until
the end of June this year. The exports
continued very large indeed in the early
part OF the six months. They have been
failing OF for some time past, but even
in June they were somewhat larger than
IN June OF last year. Leaving India and
the United States out OF the question. as
under the influence for the time being
OF altogether exceptional causes, there is
fdlr business being done with the rest
OF the world, in some cases indeed
there IS very large business. We have
seen that for the whole six months the
falling off in the value of our eXpOrts
was under a million, while the falling of
in the case OF the United States alone
was five tiTles as much. The rest of
the world, therefore. including India.
must have taken considerably more OF
our goods than IL took in the first half
of last year. The value of the imports
during the month OF June was 3425o-
U33t., an Increase OF as much as . $50
44lf., or nearly ~ per cent. Articles
of food and drink liable TO duty. and
the raw materials for textile manufac-
lures show decreases; but under all other
heads there are large increases. Articles
OF food and drink not liable to duty in
creased very largely. For example the
quantity of wheat imported during the
month OF June exceeded the quantity
In June of last year by about 23a. per
cent; and yet the value was about The
same, proving how great has been the
ran In the price of wheat during the
twelve months. The principal increase
in the imports OF wheat was from the
Argentine Republic and Russia For the
six months the value of the imports was
2ll,0l ,JJlt., an increase compared with
the FIRST half OF last year OF 1888. 3J7f.
or about ~ per cent. For the six
months there is ar enormous Increase in
the raw materials for textile manu-
factures-more than 6 millions, in fact.
or almost one-sixth. There is large
increase, likewise, in the raw materials
for sundry Enthusiastically ~ millions
Articles OF food and drink duty free
show an increase OF over 2A millions:
and living animals for food OF over a
million and three quarters. Evfdentlv
the exceedingly low prices have induced
merchants 10 buy immense quantities
from abroad, and. on the other hand,
the difhculties OF the newer countries
North and South America, the Austria
nan Colonies. and SO on-have COM