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The Business Outlook

The Business Outlook image
Parent Issue
Day
1
Month
August
Year
1873
Copyright
Public Domain
OCR Text

The Boston Athertiser argües that liere will not be tlio same roonetary tringency this fall that was feit lst year and olie or two yeavs before, lucause the jala nee ot' tradc aguinst us and in favor of Europe i.s much smaller this year than usual. In the fiscal year ending June 30, 870, our iniportations of foreign niercliaudise weifc $436,000,000; exports and rp-exports over f393,000,000. In the tour nonthp, froir. Junn to August, 1870, inclusive, we sent away 40,000,000 in gold and silver, beingnoarly the vvholo aniount of the balance against us for the year. In 1871 the importa were $520,000,000, theexports and re-exports were $443,000,000. The shipments of bullion were extended in tliat year over a longer period, but the balance was larger, the payments were more extensive and money was tighter than in 1870. Last year our imports reached $627,000,000 ; exports and re-exports of merchandige only $434,000,000. In the four months, May to August inclusive, our shipinents of gold and silver were above $50,000,000, and the gency was grcatsr and longer continued than ever before. This year, ho wever, the imports have declined and theexports have largely increaeed. ïho balance against us is eonsequently much smaller, and we will have to export less specie abroad to make it up. The export of coin, to pay the balance of trade against us, the Adccrttxer argües, necessarily compela the borrowing by the exporter of liirge Binns from the banks to buy coin with, which maltes money tight; and ii we have comparativly little coin to send abroad this year, for that purpuse, money should be Dientv and rates easv. A band of Kn Klux raided on the farm of Mts. Mason Brown, mother of B. Gratz Brown, in Owen Co., Kentupky, Priday night last, killed Louis Wilson. colored, burned hia house down and damaged other farra property. The farm contained large growing crops of' corrí and tobacoo whieh it will lio difficult to har vest in the absence of labor driven off by the Ku Klux. Other farms wcro visited by them and the owners warned against omploying negroes as worltmen. A Milwiukee lady had her point laco clipped rff her olotbing by a thief while she was at chu.ich singing " Strip me of the robe of pride ; clotha uio in humility."

Article

Subjects
Old News
Michigan Argus