New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1844-10-17
Trade and Prices.

For some months past the high price OF Cioths
has been standing topic with Loco-Foco orators
and journals. The fact that Woolens were high.
er, with Wool ranging from 30 to 50 cents a
pound, than when the Same Wool sold for % to
81, has been paraded by the Journal of Com
merce, n H. Patriot SC. as conclusive argu-
nent against the Tariff. The circumstance that
we have imported largely this season, and col
ected an unusual amount Of Revenue, has also
been considered a knock. down argument against
the Tariff, by men who last year predicted that
It would not yield Revenue enough for the wants
of the Government,
We are now able TO administer relief to the
anxieties of the Statesmen above alluded to-
The Revenue is now largely falling Off and it is
not probable that the receipts of The next quarter
will be half SO much as those of either of the
three preceding. The mania of Importation has
been checked by very salutary though distaste-
full experience; it is proved that Foreign fabrics
of most kinds which we produce or rival here
cannot be imported under the present Tariff
without ruinous loss; and many have burnt Their
fingers badly in making the experiment. I'M
mense quantities of British Broadcloths, CASH
meres, &c. imported under the mistaken suppo-
sitiou that the price of Woolens would largely
advance under the present Tariff, now crowd
our shelves and Auction Stores. Millions worth
have already been sold at loss of twenty, thirty
and even forty per cent. and more have no means
OF escape from the same fate-they must pass
under the hammer. OF course, Woolens are
drug in the market, and you can now buy more
Cloth in this City for given sum than ever be-
fore since New-York had being. Whoever
wants Clothing can now supply himself in this
City cheaper than ever before. We presume this
extreme depression cannot long continue John
Bull has probably had enough for q season Of
sending Cloths here TO sell on commission, pay
ing forty per cent. duty, and finally selling them
for about frs: cost. lie must withdraw from the
field, after which prices viii become more steady
and equabe. But, after all that has been said
OF the e1orbitant profits Of the Manufacturers,
we doubt whether the whole Wooden Manufac-
,use will pay FIVE per cent; profit this year, ct TIE
ruling prices of Wool and Woolens respectively
But for the Tariff, our Wooen Factories would
have been overwhelmed by the deluge of Foreign
fabrics this season. Now they will stand, but
their profits mus, be slender indeed at the present
prices of their staple and their Cloths.
The Commerce Of this Country, so far as In
ports are concerned, is subjected to double &C
ton, very unfavoraple to its steadness and the
highest well,being OF the Country. When sea-
son of comparative prosperity arrives, cur Amer
can Importers increase thei' orders of goods. Bat
beside these, We have another class OF importers,
consisting Of the agents Of Foreign Manuiactu-
rers, who receive goods TO sell or commission.
When the American Importer increases his Or
dcrs, the Foreign Manufacture, infers that there
is great improvement in the market, and sends
cut double supply TO his nephew or cousin, who
sells here on commission. In some cases, the
American importer has sent out his order, and
found it filed to his neighbor the commission
merchant before II was to him. In this way, any
tendency to excessive importation is greatly ag-
e,avated. We do not presume 10 suggest rem
edy, but the evil exsts-We presume some years
will elaPse before the importations OF duti4ble
goods viii again be 50 heavy as they have been
this season,