The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1845-08-13

Imports this Is less than last and the value Of the
exports greater This change in the foreign trade Of this
port is producing a great improvement in business
generally. and must in time have very great effect
upon exchanges. The most unfavorable feature in
our foreign commerce at this moment s the very
high rates ruling for sterling exchange. One cause
Of the advanced quotations for bills on London, is the
fact that remttances to great extent have been made
on of sales made in this market Of State stocks
sent on here and of dividends paid stock
held in Europe For sometime past large of the
stock of the denquents States which have been held
Europe long time, have been RENTED to this country
for SALE and immediate returns We have doubt but
that the railway speculatons, which have ragged
tensvely throughout Great Britain have been the prn
cpa Of the anxiety to realize many Of the in
vesments in American State stocks. The sales of these
securities have been large in this market and the remit
tance Of the proceeds has created increased demand
for sterling exchange and above the requir
ed for the usual operations Of trade. The decrease in
the value Of our importatons has been than f.
set by the sales Of American stocks foreign account
and the remtances therefore have been larger than Tor
the period last year. So far trade itself IS con-
cerned the country is in much bett er condition than
was year since Our exports must from year to year
increase under any circumstances The number OF sta
pie articles exported from the United States the past
year, was much greater than in any previous year.
our exports have been confined to very few
articles. Cotton and Tobacco were the principal
items comprised nearly eghths OF the total va
ue of exports Within few years, the expectation
of many other articles produced and in this
country rapidly that have become
staple articles between this and foreign
tries The demand in Great Britain for provisions mus
at the realized within the past few years
be only that for cotton The demand for
manufactures in foreign countries, is annually increas
ing, and by judicious management our cotton manufac
lures will successfully compete in the principal
markets with those Of any nation in the world While
rapidly becoming large exporting nation, we
gradually but steadily becoming less dependent upon
foreign countries for many of the necesares and uxu
ries Of life. Many manufactures heretofore imported
from Great Britain, manufactured within our
own limits, and the official returns of imports show
steady decline in articles of merchandise paying the
highest rates of duty and corresponding reduction in
the average rate of duty If could keep our currency
certain standard and that standard not above that OF
tho principal commercial nations Of tho world should
experience very great change in our foreign
trade and be able to estimate very correctly the extent
ofimportations and from year to another
The agitation Of the tariff question: and all other laws
regulating commercial matters is brought about by the
fluctuations in our import trade and the various effects
Of the act upon year with another.
The average rate of duty upon imports year.
will give the government surplus, and another year
leave deficiency. This is principally owing to the
fluctuations in the value OF the currency and the nha
ton and depression in prices from year to another
While any depreciation in the value of the currency in
the importation, it tends reduce the extent of
exports The influence Of tho state of the currency
upon foreign trade, is beginning to be generally
knowedged, and when generally admitted must bring
about revolution in commercial affairs. Politicians
have been unwilling to admit that the currency had such
immense influence, and have here toore endesvored
to remedy the evils produced by inflated system of
credits and issue of paper by the banks every
section of the country, by passing tariff laws, sub
Treasury acts &c. without striking at the of the