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Commercial Notes

Commercial Notes image
Parent Issue
Day
20
Month
April
Year
1877
Copyright
Public Domain
OCR Text

Southern planters who went to Brnzil in such numbcrs just af ter tho civil iror iTC. etraggling back home again. The ruling idea is to edúcate their children in theil own lnnd. Tuk panic of 1873 has brought a priceless compensation to tho pcople it lias afflicted. It has tiuiRht eeonomy at homo and enormously enlnrged the sale of their goods abroud. The American Steainship line from Pbiladelphia to Liverpool made money during 1876. lts total receipts were $1,065,043. lts orclinary operating expenses were $791,516, and tho elear proiit of the year $144,91d. Nothing blue in that picture. Tite Sheflield steel trade is receiving auother depressiug blow. Most of the orders from Australia and other British colonies are now coupled with the requirement that the articles ordered shall bc manufacturad froin American iron. This apislies uot only to the finer class of cutting tools but to all articles of general hardware. This is a severe blow to the iron intejest in that country, and the organs of that interest are bemoaning the fact almost in sackcloth and aslies. Contbaby to general expectation, the number of failures in the United States for the first three months of the present year show a slight incrense over those of the corresponding quarter of 1876, though the amount of liabilities is soraewhat less. The quarterly circular of B. G. Dun & Co. furnishes tlie following comparisons : FIKHT QOARTEU. Years. y0 nj j{mount of Avcraqc failures. liabilitie. liabilitie. 3 1876 1,1)82 $ 43,176.953 $ 21,748 ' [870 2,806 64,614,156 23.038 t 877 2,869 64,538,074 19,040 g , _ L The increase in nuniber for the quarter appears to be only sixty-three, aud is only significant because aiiy increase at all was unexpected. The falling off in the average of liabilities, however, is a good sign, and ought to atone for the small addition to the niunbera. J The avei-nge prices for domestic fleece wool in the United States from 1824 to 1861 were : For üne, 53 3-10 cents ; for medium, 42 4-10 cents, and for coarsc j 34 5-10 cents per pound. The average for the four years, from 1861 to 1866, during the war, were : For fine, 75 6-10 j cents ; for medium, 74 cents, and for coarse, 70 7-10 cents. In 1864 and 1865 , fino and medium wool sold for $1.15 a j pound, and even coarse wool sometimes sold for $1 a pound. The average prices for eleven years, from 1866 to 1876 clusive, were : For fine, 55 cents ; for medi'im, 53 cents, and for conrse, 48 cents. The prices in October, 1876, were : For fine, 45 cents ; medium, 40 cents ; coarse, 33 cents a pound, and the average for the year was : For fine, 44 cents ; for medium, 44 cents, and for coarse 361 cents. - Philadclphia Ledgcr. The shipment of American apples to Europe, which was only begun in 1867, is itow developed into a large business. From the middle of October almost every steamer leaving New York for Liverpool or London has cnrried shipments varying from 500 to 3,000 barrels. The extent of the business can be judged from the fact that the saies of American apples at Liverpool alone reached 90,000 barrels in the month of December last. The Englih people have received the large quantities shipped this season very favorably, and from Liverpool the other cities of Manchester, Birmingham, Huil, Bristol, and, in f.ict, almost every town in England, have been supplied, and "American apples" havo become literally as familiar there as " household words." Tlie greater portion of the apples shipped from New York were raised in the western countics of Üiat State. The Canndian apple erop of 1876 was also large, and the shipments from Montreal and Quebec last fall, and from Portland, Me., this winter, were quite heavy, and the quality of the fruit good. Boston was the outlet for the heavy erop of nearly all the New England States. Mr. L. J. Jennings, the Loudon correspondent of the New York World, writes about the great increase in the sale of Americ.in cottons in England, and says that the finer cottons we export caunot be matched on the other side at the same prico. The growth of tlie trade is amazing, and no one yet sees where it may end. Mr. Jennings would not be surprised to see the shops of Lancashire towns advocating American goods, and the people there going about ciad in the same. The following, taken from the trade aud navigation returns of the United Kingdom, tells the story very briefly. WW 1870. Fel. 1877. Imoorts of raw cotton. Ct l,70á,l&) 1,309,389 Exporta of cotton pieco goocls, yards 303,511,700 287,G94,0QC Witn tliis statement comes the report of the American Bureau of Statisticp showing our domostic oxi)ort trade lat year compnred with 1875. From this it appenrs that our exports aggregatod $(537,452,168, as against $567,011,818 foi the year before - an inoreaso of $70,440350, whicli is a prctty good showing foi a country in our condition, and that n f years ago had the balance oí' trade against it.

Article

Subjects
Old News
Michigan Argus