The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1844-12-27
Total export in II months and "a days. 1874, &c.

Total export in II months and "a days. 1884, So 4s3
The exports so far in December have been very tr-
fling but they show steady shipment Of specie to foreign
countries The total amount of exports for the year.
deducting the imports will be little rising Of five mil
lions Of dollars This large expectation from this port
alone in connection with the immense mportations Of
merchandise shows that foreign trade during
past year. has been any thing but profitable.
gradual drain of the precious metals to qaidate
Indebtedness abroad while have such immense sup
plies Of agricultural staples shows state Of things tend
ing to the most uniavorable results II could confne
importaons from each country, strictly to the
tent Of products they receive in RETURN there would
be greater uniformity in trade, aud more permanent
prospery but cannot do that cannot control the
operations of spectators in merchandise any more than
in stocks They get idea that the market requires
larger supplies than has and forthwith forward their
orders; competition is created in the business and
almost before large stocks received,
and the market fairly flooded, with ell kinds Of foreign
manufactures and prices until all those
engaged become heavy losers and the consumers re-
ceive the benefit Of it. In the regulation Of importa
irons importers do not take into consideration the
fact that our ability to pay depends entirely upon the
demand existing in other countries for txpors-that
ia necessary that the balance Of trade should be kept in
favor entirely through the movements Of merchan.
disc without any regard to the precious metals The
reign trade the operations Of their neghbors and their
ability to compete with them successfully spirit Of
competition affects nil the mercantile movements OF this
market This rivalry IL carried to such great extent that
individual and public property Ia sacrificed the system Of
credits deranged and abused and instead of being govern
cd by the natural laws Of rade business generally re-
emerged into speculation which results
in bankruptcy and ruin The inducements and facilities
to extend business In this market beyond and superior
10 anything Of the kind that exists in any other city in
the Union, and to these evils may be attributed in
measure the revulsons and explosions which periodical
ly destroy many Of those interested. The primary OBJ
ect Of those engaged in business in this city, to do as
much possible without that regard for the quality they
have for the quantity and instead Of looking the valse
Of their bills receivable they pride themselves the
amount outstanding SO long these feelings govern the
commercial classes so long may anticipate rcsric
tons in commercial affairs 1t is to this that can,
measure, attribute tho immense importations, and
the rapidity with which the amount increases from
season to season In year, or two seasons,
we have an importation going much beyond our
vents for consumption an importation SO large that
the balance Of trade remains many millions against
to qndate which precious metals gradually
leaving this country We have hand large supplies Of
foreign manufactures, with very strong probability that
the spring mportations will be heavy. This state Of
things has been brought about in two seasons and at the
same rate twill only require two more TO break down
the market, and bripgk bsckhs mescf isaosnd lsal,