The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1894-02-08
EENGLAND'S TRADE.
The Exceedingly PessimistiG Report
a' That Comes From Across the
20. r.s ;. Water.
Britain Is Said to Be Fast Losing
Her Hold on the Markets Of
So, the World.
Decrease In Exports and Imports Of
a Every Kind-Russian and Ger
-tga. man Competition.

=
NEW York, Feb. IA special dis
patch from London says: The publica-
ton of the government board of trade
returns for 1891 has produced a pro-
found impression throughout the 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 iE
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, 1882 in 1892,
and SIS, All 1894 in 1891. The value of
exports of foreign and colonial products
also declined last year nearly Sc, voc, 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. 4S6, 248, as compared with $780,.
087. 1858 in 1892, and es47, 235, $50 in 1891.
The apparent balance against the,
country was e127, 627, 1853 pounds in
1898, az against e126, 409,52 in 1891.
An Analysis Of the Report.
In response to a 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 ying:
1.-THE great falling off in the past year
in our trade-like that of 1892-is
mainly in textile fabrics. We have not
only imported less raw cotton, but we
have re-exported much more-mainly to
Russia, which seems to be gradually
encroaching on our Eastern trade i'll
manufactured cotton goods. The flax
and hemp imports still continue to de-
crease, and the wool imports show
large decrease, both in quantity and
value, so that in every branch of our
being done, fewer people employed, and
consequence our
Food Imports Are Diminishing
also. The value of the living animals
imported for food fell from an average
of about so 5000 in 1891 and 1892 to
Sc, 351, 704 last year, and nearly mil
lions worth less dead meat came into
the country last year than in the previ-
Gus, and nearly half millions worth
less than in 1891. The wheat import
values have lessened by more than
G3, 800 900 as against 1892, and more
than Sc, $50, 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 liquor 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 a de-
crease of "a, 900, 600 as compared with
1891, and nearly GO, 500, 900 against 1899.
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 e29, 1864, 900 in 1892, and
SCI, S5S, 900 in 1891, and the exports to
Bombay about ST., 200, 900, as against
E14, Soc 900 in 1892, and upwards of
e17, 000l 600 in 1891. The exports to
France fell from about e15, 000, 900 in
1891. and upwards of Ell, 5OO, 900 in 1892
to little over e., 000, 900 last year. The
Germans Are outseIling Us
everywhere, and are actually walking
away with our trade in woollen goods,
the increase in exported woollen yarns
to Germany being as remarkable as is
the decrease in the export thither of
woollen and worsted goods. The re-
manning great shrinkage Is in metals
and metal manufactures, Including
machinery and mill work, the total
value for last year was "a, 1896, 500, as
against e46, 931 1913 in 1892, and e55, Off,
63T in 1891, 1893 showing decrease of
upwards of e., 000, 900 as against 1892,
and upwards Of SIC, 200, 900 against
1891" -. .....,. T.
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 orr 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-
sorial gain. Individualism stands con-
fessed failure, and mammon, bankrupt,