Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1838-07-16

The orders for the fell trade in New York generally
arrive here early in May. In consequence Of the po-
sltlon OF the banks these orders have been delayed
this season. From this time up TO The middle Of next
month 10 the great season for the American trade in
British goods. Orders are executed here in that pc
Rod, so as to reach New York in August These
goods are sent by the London and Liverpool packets
all the fine goodser the greater part by the Lon
don-all the heavy goods by the Liverpool. During
the present season. the orders received here on Anne
rican account have been extremely limited-much
more so than was expected In fact prudence has
been TO their surprise, the new element infused in
to American commercial character, in consequence of
the lesson taught us in 1887
But in spite of the limited quantity Of these orders
on American account, have the best reasons for be-
leving that large importauons of all kinds of goods
will be received at New York during the coming au-
tumn learn from the best authority, that large
consgnmenls on English account will be sent across.
This policy has received an additional impalse from
the establishment of steam lines, as well as from
other causes When these consignments are sold in
New York. the consignors here can receive their re-
turns with mere despatch and promptitude than FORM
ery This is one Of the causes. Another is, the
great necessity existing here for revival of trade
The foreign trade of England with the continent has
been gradually diminishing for some years past. This
decrease is caused by the growth of manufactures
the continent, coupled with the corn laws here which
exclude tho products of these countries, excepat
enormous duty. With the United States, the contra
ry, to some extent, is the character of relaons-
The laws affecting foreign goods in the American
ports are diminishing 10 per cent every two years.
From these views it becomes highly probable that
during the coming season, vast mportatlons of Brit
sh goods will be received al New York. Now what
will pay for these goods2 Our surplus crops will IL
qsldae the greater part, but portion will no doubt
be received here in the fresh state stocks come,
coming into market. feel confident, therefore, that,
from the very conduct of the British merchants and
manufacturers they will create fresh marke for Ame
rean securities here, and that state stocks to large
amount can be sold at good prices on this side of the
water New York, Tennessee, Virginia. Maryland,
Massachusetts, Mississippi and other states have, al
their last sessions passed laws for the purpose of cre-
ating stocks. The capital TO be received in ex
change for all these stocks, must ultimately go from
this side, and the policy of the English merchants,
during the present time will accelerate that move
ment All that the various borrowing states have 10
do is to correct their local cunencies and put their
banking institutions on good footing
II had $4,000 000 of various good state stocks
here could get them all disposed Of before months.
The agents employed here by states and corporations
don't know exactly how te operate on the public
Some of them are excellent worthy, talented men,
but their education has been in counting rooms, and
their information is too limited, even of their own
country
If therefore, the viev have taken Of the fall trade
be the correct one will follow that British goods in
New York, next autumn, must be extremely low
q nd also that great impulse will be communicated
to industry from this the other side by the sales of
large quantities of state stocks. The states throwing
these bonds into the market, will ultimately receive
Their value in goods and merchandise, such want
ed in particular districts. b.