The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1844-10-08

~. ,rsoIE EXPORTED FROM THE PoRr OF New York.
~, ~ az SHIPMENTS for July. ..... S94SS6
10 tai shipme nts for August -. l,lsO,794
Ao'ai shipm ents for September. 6O9,292
$l,9S4,972
Insse very small amount and tho limited shipments
can only be accounted for, from the fact that almost
every largely indebted abroad is putting off the
time of payment long ossble. They cannot get
OUT Q debt by postponing the time Of payment the
amor mt 10 be paid only accommodating and must become
mo fe difficult to lift eventually.
There il not the slightest foundation for the reports
that large quantities of foreign manufactures the
cent mpoi aons have been re-shpped sent back from
whence they The total value OF foreign merchsn
disc exported from this port from January LIST to October
according TO the above table, is only So 5s3 This
amount is composed Of many items of merchandise Of the
growth and production of foreign countries, except
isreign manufactures. In August and September only
worth OF foreign merchandise description
exported This is sufficient evidence that nearly the
whole of the immense importations of the past nine
months is yet in the country Owners of these goods
abroad much rather submit to sacrifice in this market
than in their both account Of their pocket and
credit Our auction houses are filled with these foreign
manufactures and prices for them deprecatng every
day Many jobbers have been serious sufferers by the
late decline in prices Large purchases made early
in the at the prices then current in anticipation
OF avery extensive trade They have been unfortunate
in their anticpaons Trade has not been so active as
looked for and prices have fallen from the immense sup
ply of goods aud the diminished Of business
pared with the spring trade The importers obbers and
retailers have very large stocks this moment and great
sacrifices must be submitted TO by all parties. We have
too many goods in this market to keep up healthy state
of things Our manufacturers have BEEN all through the
season. very actively Engaged in turning out goods and
the market is as much oversocked with domestic
foreign manufactures and the depreciation in prices is
equally great the other. The first evil effect
Of the overtradng carried for the past two seasons
will show itself in the most remote section Of the
try among those who induced purchase larger
stocks OF goods than they able to pay for and who
must become bankrupts by over-extenson Of credits
From this the troubles spread through department
business and bankruptcy follows Tho importer
snnot pay the manufacturer unless the obber pays him.
tho obber cannot pay the importer unless the retailer
pays what he owes and the whole train Of trade is SO
mingled together that when one Of the links give
way, the whole system becomes deranged At the
the commercial classes Of this city have for
the past nine months revolution in commercial affairs
commencing have stated above, must assuredly
round in less than three years look at the
change that has taken place in foreign trade since
1912 is sufficient to convince any OF the truth Of the
remark The importations into the United States for
ls43 amounted to $50 55 1872 and the exports to $780,
view Of the imports and exports Of this city for few
years past will settle the subject in the minds Of all
clusively