The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-06-08


March :. ............... $3.50 269 6,sE,6S3 s121D0
April. .................. 63si,2Il 10326462 7so9t1
May. o,ioi,u3l 6oo1oii o"l"Si
y!ss i;,s,.,., s5l9E S s9s5P9 isss
Specie imported .... S5eo9o f""Zio 5hSz~
Total mpsEss.;Sn 5s A5 s s$s5
Excess imp is over exps sl9O566s s2S6osl6s s27l2s8
The mportatons of specie into this port for the first
five months of 1s47, amounted to 81, 379215 and the
exports from this port for the period this year.
have been S6O544S2, showing a balance still in ia
yor of 81 3247 1888 1t will also be observed that the
of imports exports in the first five months Of
1S4 $2137 $50 greater than for the corresponding
period this year The large shipments Of specie have
nearly made up the decrease in the value of merchan
disc exported, while the immense falling off in the
amount of specie imported has than offset the in
creased mportations of this year compared
with last The foreign trade Of other ports doubt exhi
bits results somewhat similar to those above
The shipments Of specie from this port have been the
result of three causes the most important of which
has been the excessive Importation of merchandise.
Our exports this year have not only been to limited
extent, but they have not been realized Immediately
after their arrival at the ports of destination
pdly as they were last account of the depressed
state of prices at the ncement of the season,
and the depreciation which has since taken place from
time to time A large amount of cotton owned this
side, and other staple articles of export held in
Liverpool for advance and have not therefore been
of any service in reducing the amount of ndebt
edness. large amount Of American produce has
been sold in Europe but the proceeds not at pre-
sent available in consequence Of the dscredt thrown
upon nearly every bill of exchange offered in this
ket and the objection those making remittances have
to take anything relative to which there the slightest
doubt We have, therefore, an amount maturing the
London, or be available reducing
putting stop the shipments of specie from this side
Our imports have to be paid for at once and specie is
drawn for that purpose if undoubted bills of exchange
cannot be purchased, while exports are sold a
credit of sixty days and if the proceeds cannot be
allied here by the sale Of exchange, must wait the
expiration Of the term Of credit. This partially &C
counts for the expectation of specie but there
other causes the most important of which the remit
tances required to make good bills previously drawn
upon houses which have since suspended portion
of the specie going abroad is doubt for the pur
chase of goods the fall trade this particularly the
of the large shipments to France, purchaser
in the French market at this time, with specie
hand, can do well
When this drain of specie will cease is impossible to
tell So far the shipments from this port have been
about twenty-five per cent of the total importation
into the country in 1S47. We anxiously looking
for improvement in prices for cotton the remedy
for this state Of things that being the only way to
prevent the expectation of specie continuing to a
serious extent. The amount already taken is of no
consequences but it must cease, shall feel the
effects in our large Cities where it would produce
much alarm and perhaps such panic as would de-
preciae the value of property to extent ten times
greater than the amount of specie sent out of the
country. The imaginary effect of large and steady
shipments of specie much greater than the real in
jury naicted and in financial well in all other
matters must look at the result, without any
gard to the manner in which it reached. Our
commercial condition generally is sound and healthy,
and we have vast amount of specie in the country.
Within the past year. have imported largely of the
precious metals and spare much greater sum
than has already been exported, without feeling its
loss, but there always croakers abroad and they
frequently get up panic upon very slender materials
The annexed statement exhibits the quantity of Ger
tain articles exported from this port for the week end
ing the 9th instant inclusive distinguishing the
tent of the shipments to each place =
CoMMEnca OF PoRr OF New YoRx-WEEKLY
EXPORTS.
To London-Tobacco las hhds; Querctron bark.
20 do; do do 4S7 bags hops $50 lbs; beeswax, 3I67
do bacon, 12s52s do lard 175495 do; oil cake 22203o
do furs and skins ~ pkgs; handspikes No 600 bread
l53 bbs turpentne 500 do rosin 33 do beef Al tcs
slaves 2 NJ
do ne,rla n 100 do. tar 900 do tnrnentnn 40 do ro
din AZ do n,eaI a32 do way g23 bs c,oversesd oo1
do hams &c SIS 1855 do lard ESQ 76 do cheese "a 7Gi
do taIloy IIo -I1 do. corn &c 66g hush. cotton so7
bales.
TO G!asgow-Flour, 100 bbs; cbromatc IRON 100 do;
r;ctied mton Dos do, rosin 56 do. beef % do. tall
i ~ lGS MS lard S6s 62I do hnms gs I2 do, cheese
So5 do. wbal. oil "a Il6 uals. cotton 400 bales
TT III - par,s !, G,eot Br,,to;nN Turnentnc q ooo
t,is. MAJ, az do " " w.
r., IJorr,Potash 50 bbls. nearlash 2s do. f,,rs
nack. cotton n baJcs
Ia PorfnroI-Logwood 80 tons; duck, 1872 pieces;
int, ,,rant;ne Zoo ,,ai,ons. Tar % hills, rosin aoo
H. s,avas IoI Nl e' '
r. g., ct,vos 20 NJ. heaf 20 bbls
~ JJI"nd " Whn,c oil 40 900 Gals. stavcs NJ. not
al OK ,h,s. ros;n loo do % - -
r. Dsawnr,k Sr.d,n and ,ny-Whale oil lO0ll
Gals. rice 27 terces. hons go5 lbs; SOAP 80 boxes;
Esi i oY T., , ,,o n0g r hIoS '''' ''f' ~
ia parts in siedi,ryrons. Pitch. $50 bbls rosn
, A. ,,or, IN 10. ho,f % 40. s,rars IN NJ. coton