Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1837-08-18

We and Southern stern,
and lno norhern) merchants arriving daily the
city. Probably during the week Mousad travellers have
arrived principally traders and business butterflies
of fashion Stocks railroads. banks are very at the
positive trade Of the city begins revive considerably
the Custom House there has quantity
OF French goods passed during the week-pobasy 500 pack
ages IN ALL In English goods quantities in
length OF ume has not exceeded SO
NOT 20 many Its singular fact foreign trade that
whe the large houses engaged in importing have either broke
or suspended the small houses particularly those connected
WIN the French trade have increased rapidly in number during
the present As compared with last our importers
IN the French trade have increased while the whole business
has decreased The English foreign trade is completely in
ruins No goods importing from England. except what
paid for cash. either by renting specie by sold
in Liverpool The Of this port has always been
conducted system than the English trade II at
present q condition than any other the year
1885, the imports from France and England direct amounted
Aggregate Sc imports ss fro" EE" sass for 1885,
During the present year, from returns and
the Custom House, it is probable that these will stand
thus:
Ds e. &c., FF 4sase for 1887
No unacquainted with the business of the New York
Custom House, can have idea reduction in our for
egn imports The singular exhibited in the estimated
amouots imported from both during the
is Supported by facts daily taking place. The failure Of the
three American merchants London mscaed bankers the
rec tenNed than all other
English foreign trade into confusion Their terrible expansions
the bills OF exchange drawn exchange-the afro
cious kng system have all produced the catastrophe New
fact that in the French trade the same vicious system
did not exist to any thing like same extent To this cir
constance indebted sounder principles of pol
cal economy, which generally prevail among French
merchants than among American English Wells the
American banker in Paris felt the pressure times but
not near to the extent it experienced in England
In consequence of this difference in the systems of the two
find
here still exists considerable extent that the most
OF the foreign goods importing from Havre While there
fore, those merchants the English trade suffer good
deal more before they get duybeiore they can re-
organize the elements French merchants are
already in the field and will possess themselves the Amer
Market before their rivals get through the headaches
aed by the revusen Noa Bene Young ladies' point
of selecting husbands should give preference to sung gen.
tlemen in the French trade. IT'S safer in the end
nevery other branch Of business merely waiting
ascertain what Congress do
The fall auction dry goods sales have just commenced
The last sales in this ne OF portance took place the
close Of February and beginning of March,
by John Haggerty Sons, consisting Of large amount of
linens and other goods Since period business has
been nearly suspended begins show symptoms Of
renewed animation During the week the following
sales have taken place.
John haggerty L Sons, $50 packages e3eO,0eo cash
Austin, wilmerding Co. about $50 de- 100000 mos
Adee Tmpssn Co, $50 do. 100000 unkwn
We give the credit John Haggery Sons COM
mencing the fall business and improved system-the
cash system requires good deal Of moral courage and
mness TO begin such system and connue thoughthe
On the first trial. the Mess Haggerties have
successful Only oneouh Of the quantity offered
sold, which Is considered doing remarkably WELL All the
goods offered by the other houses disposed Of but
the difference between credit and cash very Marked and
will be more when the become due As compared
with the of business fall have only
fallen eff about one-aac This Is encouraging.