The Mason County journal. [volume] (Shelton, W.T.) 1886-1927, 1895-11-15
ENGLAND'S SALVATION.
1t Is due to the Present Democratic
Tariff Law.

occurred all around. The imports of
the month were worth s30,6I8, 1854, an
increase of s37S, 1893, or 1-25 per cent.
There still remains deficiency on the
nine months, but the figure has been
reduced 9662,30I. Had it 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 exceeded that of 1894. Luckily,
our exports have been advancing by
such leaps and bounds that the lower
range of prices hae not affected their
monetary value to the same extent as
it mas the imports. For the month the
gain is $780, 500, or 1858 per cent,
and for the nine months the augmen
tation reaches $5,157 1866, or 3-l9
per cent.
One rather odd feature about these
figures is the fact that one-half of the
increase comes under the head of yarns
and textile fabrics, although one de-
partment of our textile industries has
been very hardly hit. The great pros
perity of the wool trades has, fortunate
ly, more than offset the retrogression
in cotton, though that reflection brings
small consolation to Lancashire. The
total gain for the nine months under
yarn and textiles is e3,297 ,675, and as
the value of wooden tissues taken by
the United States has been about
995O,O00 and of worsted tissues nearly
100000 greater than in 1894, no
further search for the origin of the
improvement in the trade returns need
be made. The lowering of the Ameri-
can tariff has been our salvation and it
cannot be said that we have shown
much reciprocity, 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 needless to go beyond our own
Board of Trade returns to find an ex-
PLANTATION of good deal of the none
tary trouble in the United States.
Practically every penny that was
subscribed here toward the recent
| American loan has been got back
through the expansion in the exports
of woolens and worsteds, but the
United States has not confined her in
creased purchases to those articles.
Last month she bought less raw wool
than in September, 1894 but had to
pay more for it. She took more cot
ton pieces, more iron, more alkali and
more of sunday articles which need
not be specified. 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 big
advance on 1894. On the other hand,
we have paid a good deal less for Amer
lean wheat, flour, bacon, hams, cheese,
tallow and cotton, to mention only
those articles in which the contraction
is almost apparent. The fact that the
Argentine Republic heads the United
States in respect of maize is not with
out significance.
Thus the trade balance between the
states and this country is moving rap
Idly against the former, and it would
require large and regular transfer
ence of securities from New York to
London to redress this tendency and
restore the former position. And with
India, Argentina and Australia keep
ing up and even improving their posi-
tons as purveyors of wheat to this
country. With Argentina sending
more as the United States sends less
tallow, it will not be easy for the Am
orleans to regain their old footing in
our market. Last month India and
Argentina sent us more wheat than
the United States, and Russia and
Roumania together also topped the
American figures. These are all fact
ors that must be borne in mind in
Judging the outlook in the United
States, and it is unfortunate that thew
are so consistently overlooked in that
country ITSELF The increase in the
purchase of British manufactures NAV
not be maintained; but, on the other
hand, the United States must count
on the competition in wheat and
maize becoming more and more in
tense as the time goes on.
The movements in the imports last
m onth were not of nature to call for
much comment; but we must note
with interes: the substantial increase
IN the arrivals of sugar and guano
from Peru, the largest purchases of
goats wool, due to the briskness of
business in mohair goods, and the fact
that South Africa has sent us more,
while Australia has sent less, sleeps
wool. In the EXPORTS shirts haro