Martinsburg herald. [volume] (Martinsburg, W. Va.) 1881-1920, 1897-12-04
IMPORTS AND EXPORTS.
Bradstreets and Dunn's Reports
Arbitration Treaty.

During the past few years there mas
been a very marked decrease of the
amount Of American securities held
abroad. Hundreds and hundreds Of
millions Of dollars have been returned
to this country and those debts former
ly held by foreigners drawing large
amount of money, are now held by
Americans and the interest is retained
at home. From 1890 to 1896 we ex.
ported Of merchandise $40. 600, 900
more than we imported, Of silver we
exported SIS, 900 and of gold
| 1904 ,ooo, ooo-making an excess OF
| 81, 100, ooo, 600 of exports over i'm
ports. That is we paid for all we
bought in every part of the world and
had the enormous sum of 81, 100, 900, :
900 due us. How was it paid1 Simply
~ handing over securities of ours
that is debts we owed The debt has
been further reduced this year by
$500, 900, 900 more. These facts are
pertinent because they show the in
creasing wealth and current financial
independence of the country. In this
connection it will not be amiss to call
attention to the howl set up by Count
Goluchowski, the Premier of Austria
Hungary, in which he calls on all
Europe to combine against the United
States and prevent its absorption OF
the trade Of the world. Republican
policy has enabled the United States
starting from almost nothing thirty
years ago, to lead the world now in
the production of come classes OF iron
and steel goods, besides equalling or
surprising it many other Lines. 1t
only requires that the country shall
be independent financially and the
Austrian prediction will come true
the United States will dominate the
commerce of the world. We can do
this while paying higher wages than
Europe because the American work
man by superior intelligence and skill
produces per capita from fifty to one
hundred per cent more than the
European. knowledge is power in
this instance.
Bradstreets for last week says.
Manufactures of iron, steel, agrl-
cultural implements, stoves, railway
cars, and wooden goods report an ac-
tive demand and large output, a.
though the appearance Of speculative
steel has resulted in weakening the
price of billets and like tendency on
the part of the Bessemer pig iron.
Higher prices are recorded for wheat,
corn, oats, syrup, hides, leather, shoes,
and turpentine. The reaction IN iron
and steel is likely to be followed by
an advance if the present rate OF con-
sumption continues. The prices OF
wheat, flour and pork are expected to
recognize the advance on wheat and
Indian corn, so that lower price for
copper is practically the only import
ant decline in the week Wheat ex-
ports show a heavy increase alike
over last week and last year and with
one exception that of the second week
in September is the largest single
weeks total on record. -
r. G.. Dunn & Co. says:
"The producing force increases on
the whole. and many manufacturers
are unable to take all the orders offer
ed, while others are committed as far
ahead as they are willing to be. The
output in several great industries is
considerably the largest ever known
and the confidence of great business
next year is undated F"
The pulse of trade--iron products
is beating steadily and firmly and
that means a healthy body OF trade
we'll paid laborers and abundant
money. 1t means Republican times
in contra distinction, to soup houses
of Democratic times.
Great Britain continues to hope for
an arbitration treaty. Those two pro-
Euglishmen, Grover Cleveland and
Thomas Bayard, with few dozen
anglo-maniacs, men, women and
newspapers and few thousand foolish
people who believe the millennium is
about due, and all of these with tongues
that never cease to wag, have
induced Great Britain to believe that
the u, 900, 900 Americans are now
daily engaged in cursing the American
Senate for rejecting the Salisbury
Cleveland Bayard. Pauncelort. o n e y
Treaty, which handed the nation over
bound hand and foot to Great Britain,
surrendered its most cherished doc