22,733 l5,9Ol

3,s32

Decrease,
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equal to falling 9 ldo0oo bales fer lhe six months or RdO,O00 for the year. Y

 The quantity Of goods sent Io this country in 1894, wheh the whole exports f20 800 ,000 700,- O0O last year. when Of f24 900 exported but 900 came to this country.

 Although the year 1887 gave severe lesson to the speculatos in the cotton market yet they again plunged into the market during the past year. predcatng their movements solely the fact that the number of bales to the market less than the enormous crop previous year. when reached 00, bales The re- suit this year win be more disastrous than in that year. because from continued reverses the dealers have Stability now than then The losses in cotton have been of late years that large sums borrowed in Eu rope the credit Southern States and applied 10 so created are nsolvent, and the Bankrupt Law will sweep them from existence and involve the States the question of taxation 10 meet the principal and interest of the bonds issued for the capital.