The New York herald., 1846-05-12

This tablo exhibits falling OF in tho importation of
many important tems such % cotton fgs pig and bar
Iron oassss and rasins and increase in coal coffee
hemp, hides, RICE salt and sugars The domestic mpor
taon and the foreign importation included in the above
they not being distinguished in the returns 30 far as
this comparative statement goes exhibits the course Of
trade In these items Tho proporonats receipts this sea
son. 90 s win not undergo much alteration between this
and the close Of the commercial year. unless very great
deficiency should occur in the production Of Of
them Prices frequently vary than the extent Of
thereccpts have extreme quotations remark
ot this time. Prices for the most staple articles
have for sometime past been unusually uniform; there
have been speculative movements Of any Importance
in any thing and the supply hss been almost invariably
large enough to meet the current demand The falling
odoced In the above table, in the receipts of cotton at
this port has not been realized consequence Of
responding falling on In the demand prices have not in
the face Of the comparative limited supply been inflated
by any speculation The prosperous state of business
and the people generally would lead to suppose that
the deficiency in the crop Of cotton this year. would have
had very favorable effect upon prices; but there arc
below the surface causes for tho comparatively low
prices There under current which sets powerfully
in contrary direction but has unfavorabe influence
upon business generally.
The consumption Of cotton In Great Britain last
year was larger than before known and the homo
usual The additional quantity Of fabrics turned out was
not exported, the ocis tables do not exhibit any ma
teral increase. The demand therefore, was for domes
c use The prosperity Of the middle and lower classes
Of Great Britain, for time previous the appear
ance Of the great railway speculations general
than had been for years previous and they NOT only
became sxtsnsve consumers Of all the ea
Of lifs but allowed themselves luxuries previously
beyond their reach It this universal prosperity that
led to the numerous railway schemes Of the day;
and the middle classes, those having few hundred
pounds surplum earnings, were principally the aid
ers and abettors Of these schemes. Merchants enga
gsd In . ssfs. but limited busnsssmschsn clerks
&C., seized with the mania, and invssted all their
means In some Of the contemplated rslways Of the time
Hundreds Of these people-we might say thousands-be
oAme involved to the last shilling and by the explosion
Of these schemes. have lost every farhing and have
been thrown back upon their profession business
whatever II may be- for support Deprived thousands
have been, In few months. Of tho earnings Of years
they have been compelled to resort every species Of
economy to bring them ON their feet again The old
must be worn few months longer; the old hats and
boots must be brushed up repaired and preserved as
long possble and al those little things that tend to
reduce expenses must be strictly carried out when 80
large class Of people compolIed to reduce their ex
pendtures almost simultaneously, ii affects very ser
ously the consumption OF any species Of manufacture
not considered exactly necessary Of lfe Tho ability
Of tho labong classes 10 any great staple has
immense bearing upon the price Of that staple and
the dsmad whsssvsr tends 70 dsprsss the prosperity
Of the grht consuming class whether 1t be any change
in the financial policy Of the government, any spscu.
lstive bubble In which they have become directly In
volvsd matters vary nlsthe eject Is felt In the most
important interests Of tho country and they become
for the time prostratsd. ..
The annexed statement exhibits the condition Of three
Of The Virginia banks on the Arst Of April 1885, and
comparison Of the aggregates with those Of April, 1876
BArxs % vusIrtA.
Lssns Specie. CYrcula'n. Depo's.
BTss.sss. s.ss % s n:sS , aSS IL ss ss q,
Bank ef The Valley srau y,.., ..
..-7, - =, - - -
April 1885,. 49,. sss4,ns ssoSn s.7os.1ss is0iss
iuercsse. isss ..... sis,iU iAaps ix,
There has been IN increase In I'll the departments but
,hstsf seouuts. In spselshsrs hes bssa aagss fpsr