Lynchburg daily Virginian. [volume] (Lynchburg [Va.]) 1852-1861, 1853-09-07
Com .nerce OF New York.

tor the month oil August, which,in connecto
with the Sol 900, 900 of revenue ofihe Unite
States for the year ending June 2olh 1853. cs
hibits remarkable expansion in our CONNER
% cial and monetary affairs during the pieseu
year. |, would appear to suggest to the politi
cd cal economist considerations of tho graves
import The cause.-the effect OF tho tides o
gold which have flowed from California an,
Australia Is evident; but il Is to the result tina
wisdom would now look. 1t is not aliogt thel
an Unprecedented state of thing-universa
property, unlimited credit and capital, have
before FILTERED the world with the dawn Of q
y golden age. II is true the basis of that pros
periy was different from the basis of the pre-
sent day AT times il was a bubble" at others
eggs. Now there is coin near the great
throughfares of commerce in boundes pro
fusion Nearly s30oooooO are at present
locked up in the Treasury vaults Of the Gov
eminent. But will the expansion ofcredit un
der the influence Of this golden stimulant be
restrained within the limits Of ability to pay 7
Are we not verglng- perhaps slowly but sure.
lyon the legislative resorts OF 1900 and l94l in
behalf ofoppressed deb'orsl
But to the statement of the Journal. Ac
cording to this, the Foreign imports at New
York for the month of August show an in
crease of Sa,ss5 .086 as compared with
the same month Of last year. and S6.73l.
s4i as compared with August Of 1851.
This increase has all taken place To.
wards the close Of the month, the earlier re.
ceipts indicating decline especially in general
merchandise. Ofthe increase from LAST year,
near, half million Of dollars is in specie, and
Sl,s00.000 are in Goods entered for warehous
ing The free goods also show a much smaller
total. The decline being chiefly in teas which
have been received in limited quantities..
The increase for Aug is less than for July but
is sufficiently ma, ked 10 attract attention. The
increase in July " as $7.136. 800 which added
10 the excess above given, shows total gain
within two months Of Sl202 1886 over the
corresponding total Of last year. If we go'on
at this rate throughout the present htca year,
and the receipts at other ports shall correspond.
we shall have total of imports for 1884 OF
S350000 000l The actual increase at this
port since the Isl January is SIS. 562, 2J2 over
the corresponding period Of las, year, and $751;
75l ,467 over the sane time in 1851.
The total imports of dry goods,snce Janua
ry lst. show an increase Of $24,473, $50. us
compared with last year. and 1907 1917 as
compared with the first eigh, mouths Ct 1851
For the whole period The increase has been
greatest in wooIens, showing the advanlange
which the foreign lubricant has over the do
mestic manufactures, by the free admission o
his raw material
The exports to foreign ports, exclusive %
specie for the month, have almost doubled
showing a much greater comparative increns,
than has been noticed in the imports. Tn,
total of merchandise is So, $50 COS greater tina
for the same time of last year, and 81 ,3SO,S4
greater than for August. 1851 while the ship
menIs of specie have fallen IF Sl.752,s6t
as compared with Last year. and $l,4S9, All a
compared with 1851
Most of the increase in the shipments of pro
duce has occurred towards the close of the pc
ilou 'oi "hieH this comparison 10 Hlduc' II
total. exclusive of specie, for the last egf
mon,hs, is $7.795,l47 greater than for III
same time last year, and S6,90o,279 create
than for the same period of 1851. LIT lis rail
of increase has been extended throughout III
United States, it would be- easy To see VIII
there has been greater call for specie, no
outstanding the large amount of imports
We think a fair inference from the movemen,
at other ports is. that the increase as shown
bove is below the average for the Union.
The cash revenue the country has increa
ed of course in at least the same proportio
as the imports. The following will show tn
comparative receipts al New York
Cash Duties Received at the Port o.
New York.
1851. 1859 lS53
In Aug. $3,2347642l 90. 1874, 295. Sc $4746 657. :,
7mos. {2o2ll,oe57a I7,4sl,loo.os 25,so7 .4se