The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-11-12
ENGLASD,s SALVATION.
II Is Due TO the Present Democratic
Tariff law


London, England. Financial News
Once more the Board of Trade returns
are of a gratifying character. and the i'm
proTemens has. fortunately, occurred all
around. The imports Of the month were
worth s3o.sISs5A. an increase Of &Sis,Sss,
or 1-z5 per cent There still remains
deficiency on the nine months, but the
figure has been reduced esq, 29L Had II
not been for the lower prices ruling for
wheat and cotton throughout the greater
portion of the year this decrease would
not have to be recorded, for in bulk the
import trade OF the nine months has ex-
ceeded that OF 1884 Luckily, our exports,
have been advancing by such leaps and
bounds that the lower range OF prices has
not affected their monetary value TO the
same extent as Ii has the imports. For
the month the gain is s1.ss2,e2o. or lo-ss
per cent, and for the nine months the
augmentation reaches E5.i51,so6, or Sig
per cent.
One rather odd feature about these fig
ures Is the fact that one-half OF the in
crease comes under the head of yarns and
textile fabrics, although one department
Of our textile industries has been very hard
" hit. The great prosperity of the wool
trades has, fortunately, more than offset
the retrogreSsion IN cotton, though that
reflection brings small consolation 10 Ian
cashire. THE TOTAL GAIN FOR THE
NINE MONTHS UNDER YARN AND
TEXTILES Is e. 29T 675 AND AS THE
VALUE OF WOODEN TISSUES TAKEN
BY THE UNITED STATES HAS BEEN
ABOUT $3.50 900 AND OF WORSTED IT'S
SUES NEARLY 100000 GREATER
THAN IN 1894. NO FURTHER SEARCH
FOR THE ORIGIN OF THE IMPROVE
MENT IN THE TRADE RETURNS
NEED BE MADE. THE LOWERING
OF THE AMERICAN TARIFF HAS
nd
be said that we have shown much reel
procity. for. instead of taking the increased
value Of our shipments across the Atlantic
in kind, WE SEEM TO HAVE BOUGHT
LESS AMERICAN PRODUCE. 1t is need
less to go beyond our own Board of Trade
returns TO find an explanation of a good
deal of the monetary trouble in the United
States.
PRACTICALLY EVERY PENNY
THAT WAS SUBSCRIBED HERE To-
WARD THE RECENT AMERICAN
LOAN HAS BEEN GOT BACK
THROUGH THE EXPANSION IN THE
EXPORTS Or WOOLENS AND WOR-
STEDS. but the United States has not
confined her increased purchases to those
articles. LAST MONTH SHE BOUGHT
LESS RAW WOOL THAN IN SEP
TENDER. 1894. BUT HAD TO PAY
MORE FOR 1T. She took more cotton
pieces. more iron, more alkal and more
of sundry articles which need not be speci-
fed. In some instances the rapid growth
of the preceding months resulted in a
slight check in September but in all these
cases the figures of the nine months show
a big advance on 1894. ON THE OTHER
HAND. WE HAVE PAID A GOOD
DEAL LESS FOR AMERICAN WHEAT,
FLOUR. BACON, HAMS, CHEESE,
TALLOW AND COTTON, TO MENTION
ONLY THOSE ARTICLES IN WHICH
THE CONTRACTION is ALMOST AP-
PARENT The fact that the Argentine
Republic heads the United States in re-
spect of maize is not without significance.
THUS THE TRADE BALANCE BE-
TWEEN THE STATES AND THIS
COUNTRY is MOVING RAPIDLY
AGAINST THE FORMER, AND IT
WOULD REQUIRE A LARGE AND
REGULAR TRANSPARENCY OF Sc
CURITIES FROM NEW YORK TO
LONDON TO REDRESS THIS TEN
DENCY AND RESTORE THE FOR
MER POSITION. And with India, Argen-
tina and Australia keeping up and even
improving their positions as purveyors Of
wheat to this country, with Argentina
sending more as the United States sends
less tallow, 1T WILL NOT BE EASY
FOR THE AMERICANS TO REGAIN
THEIR OLD FOOTING IN OUR MAR
KET. Last month India and Argentina
sent us more wheat than the United
States, and Russia and Roumania togeth-
err also topped the American figures. These
are all factors that must be borne in
mind in Judging the outlook in the United
States. and 1t is unfortunate that they
are so consistently overlooked in that
country itself. The increase in the pur-
chase of British manufactures may not
be maintained; but, on the other hand,
the United States must count on the COM
petition in wheat and maize becoming
more and more intense as time goes on.
The movements in the imports last month
were not of a nature TO call for much com
ment; but we must note with interest the
substantial increase In the arrivals OF sugar
and guano from Peru, the larger purchases
of goats wool. due to the briskness of bus
mess in mohair goods, and the fact that
South Africa has sent US more, while Aus
tralia has sent less, Sleeps wool. In the ex-
ports spirits have gone up considerably,
and mining would seem to be thirsty work;
for nearly all the increase has gone 70
South Africa and Australia. We have al
ready referred briefly 10 cotton piece goods,
which continue TO decline botn In quantity
and in value. Central and South America.
with the sole exception Of Brazil, are buy
ing more freely. and so is Japan, 10 which
country we are sending more yarn also,
thanks, no doubt, 70 the disorganlzation Of
native industry by the recent war. India is.
Of course. reducing her purchases, though
Bengal and Burma constitute exceptions IN
the case of yarn. To Brazil we owe a sat
isfactory increase IN Jute, yarn and pieces.
while Germany joins with the United States
in absorbing more wooden and worsted
yarn. 1T Is RATHER ODD TO FIND
THAT IRON Is GOING TO AMERICA
IN LARGER QUANTITIES.
London Letter in New York Tribune.
Merchants exporting French goods 10 tina
United States report a steady improvement
in trade. During the last ten months theirs
has been a marked increase In the exports
of wooden, cotton and silk goods, hosiery.
gloves and pottery. The largest gain Is in
woolens, and this Is naturally attributed
70 the reduction OF the tariff in favor Of
European goods. Exporters state that they
care less about changes in the American
tari~rSaan they do about the steadiness Of
the market and the absence Of uncertainty
in business conditions.
ENGLAND AFRAID OF WAR.