Rutland herald. [volume] (Rutland, Vt.) 1823-1847, 1843-04-04
UJWe notice rise of 80 cents per Dbl. in
Western flour, Let it rise til, ve-monters have no
more occasion 10 PIT yeasi into it,
PROSPECTS OF TRADE.

we sIdlcu Il low uhyS since tnat the prospects OF
an improvement in the business of the country
were beginning to NANTES, themselves in various
sections of the country We are now gratifed to
perceive this opinion is confirmed by that of Mr.
Appleton of Boston, one Of the soundest and most
sagacious merchants in the country In the carly
part ofthe winter, the Secretary of the Treasury,
in obedience to an order from the House of Rep
rescntatiyes, addressed circulars to the collectors
OF the revenue. in which he requested the opin-
ions OF prominent mercantile men on several points
relating 10 the commerce ofthe Union. Among
the objects OF the inquiry were the probable
amount OF imports during the present and ensuing
year, and the expedency of establishing a ware
housing system. Among those who at the re-
quest of the collector of the port of Boston, fur
nishcd answers to the inquiries of the Secretary.
was Mr. Appleton, and we find by his letter which
is published in the Boston Daily Advertiser that
he believes the period Of siagnaton and depression
has nearly reached its term. He says the country
is no, in debt abroad Large crops are in the
process of finding market which even at the
present low prices, prepare the way for an in
creased consumption. great check upon i'm
poltaon has existed for six months, and the stock
OF foreign goods is by no means excessive
It's inevitable that very considerable improve
ment IN trade should take place during the first
half of the year ls43
The importation, however, during this period
will be moderate; but the year commencing with
July, 1912, will doubtless be one of average ac-
uvty and the importations Of foreign merchandise
reach their average amount, which should esti-
mate at Sl20,000000 From the imports into
New York and Boston, with which have been
furnished, suppose the whole import Of merch han
disc into the United States exclusive of specie)
will not exceed 100000 for the last half Of the
present year, 1912, on which the nett revenue
Will not probable vary much from SoOOOO0O
The import for the six months, ending 3Oth June
lS43, will think be something greater-say
from $40 100000 to S45, 1000 600, which should
give revenue Of from 100000 to $4,000
00On
Mr. Abbott Lawrence, another eminent mer
chant and manufacturer was also addressed by the
Collector at Boston From his reply we make
the following extract:
The causes for low prices may be found in III,
large stocks on hand after the passage Of the tariff
Many persons imported goods in anticipation q
higher duties; and Others from France and Eng
land, were brought in under the expectation o
low duties, or no duties at all There has been
too, severe disappointment in the amount Of bu
siness done the present season. The dcmant
from the South and West has been very small
and that OF the Middle and Northern States mucl
less than was anticipated These causes hav
produced Il general depression which time onl
can relieve.
am inclined to believe that these large stock
of merchandise will have been cleared off by III
lst Of Jgly next, when importations will then b
free, and the revenue gradually increased throug
the year. ] should not deem il safe to ostima,
the revenue for the first half year a, more tina
three hiths OF the amount ofthe corresponding D,
5 Rod olthe last year; and for the wear ending o
: the 3Jth June, 1874, should estimate the revenu
at $4,000 900 After this period | have n
, doubt that larger amount will be realized.
With these opinions OF Messrs Apple,on an
; Lawrence our business men generally concu
we believe, IN all orr chief commercial cities
y, therefore, their anticipatons shall be realized W
may look forward 10 return Of better times dl
rng the next SIX months 50 far as the pener;
2 business is concerned
0 lhfre are some sections however, in whic
the revival Of business ~ i'll be postponed to MOI
p distant date We mean those section Of wbic
, the che! staples are wool, iron and lumber. as
the case with Vermont and Northern New Yor
The amount Of wool now in tie hands the &,
ncrs ~ those sections IS very large. and viii eor
y be increased By new clip 1t is na probab
therefore that any considerable Improvement wi
r take place during the present year. in tho price
e this article. Nor is j, probable that there viii
n a greatly increased demand for The iron Of We
( mont and New York; the extremely low price
q ioregn iron, cvrn with the addition Of the prese
a duties precl1dlng an extensive sale Of Americ,
ron for the present
The large amount Of lumber now on hand
" he principal depo,s Of this article will also su
"a tply, m all probability, whatever demand for
nag arse during he coming season. Very In