The Board of Trade returns for January show that the improvement whioh has no*. continued without a check since Septembe? last has made freah progress in'the opening month of the year. The totnl declared Talaa of the exports was £16912,858, nsainst £14,196,518 in January, 1879, and £15,423,911 in January, 1878. Of this gain iron and etesl represent about a third, and cotton mamtfss. turee nearly as muoh ; but most of the itaaais contribute something, and it is worth notice that the American demand is responsible for only part of this improvement evnn in eueh s oommodity Bβ iron, while in ethor articles —cotton goods, for instance, the augments tion extends over the whole range of onr foreign markets, the United States coutrik, ting a very trifling proportion. The infer! enoa is, of course, plain to all who ar? conrs?« sant with either the theory or tho meehasum of trade. The reduood oost of production ia every English industry of any importance hm opened out foreign markets where English manufacturers had been undersold, or where the impaired circumstances of consumes bad for some time prevented thojr purchases. Tho ohief inorease, taking the list in alphabetical order, is in the following :—Alkali, arrnn and ammunition, beer, chemicals, coals, coppey, cotton yarn, cotton manufactures, eatthea ware, giass, hardware, iron and steel—more than double the total in January, 1879-loa ther, jute yarn, linen manufaeturee, jats manufactures, machinery, oils, tin, wool, and " unenumerated articles." Of woollen tai worsted manufactures the value is slrsoij identically the same in last month snd tk corresponding January. According to fes returns the deolared value of the impwts w> £32.372,907, against £26,367,046 in JanasW" 1879, and £30,609,956 in January, 1878. Tbj ohief increase has btea in cotton, silk, cc:,":'?, provieione, and wino.
ARREST OF RUSSIAN CONSPIRATORS.
