The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-07-11

win now only add iha, the present price rs. OIL,
with atendency downward. The banks buy bills par
and sell at premium. Freight Is "a per ounce; insu-
per cent Thus the cost Of gold 10 the ship,
ping bank follows-Price tie Cd, duty, -. Cd;
freight, AZ. The insurance u IL. I'D, but thai Is
ac,ly the premium The banks obtain their bills Thus
the gold them al the Bank of England Sos. sd
sr ounce ee sIps1 rays ssrs os s
cost him So. 27sd. (say g. ~ ad) per ounce II fol-
lows that the bsnss are now tie The only buyers When
Il considered thai value Of chemically pure gold
rs 1870 sandard1 IL ofly nconccvabls fraction
under q e. II sd, mast be allowed that gold
dealers have enormous confidence n The purity Of our
metal
have ors considered trade to be in an advancing and
improving state 50 considered =, you vii remember
when al the very lowest stage q our CONNER
cal cmbarrassent then saw that cur ruinous prices
stimulating consumption and even waste al rarid
u all the Of guts and the imitation a al yancng
period Into trat period We have now made some al.
vArce. Consumption and waste have reduced stocks.
Prices have improved and supplies have cot vet the
M dcrnaEd-nor they likely 70 d. 20 foe
tune, because as have shown, our purchasing power Is
simulated by ue enormous prices a 1864 and 1854,
the mporstons Of 1854 up 20 fl7ft2 gss while the
dehcsncy a f5.p65ITl rccellect tha, stated Ia
the Tins about the end Of that year at Victoria owed
England sum q f5 COO and such would have been
the Gaze had The value Of exports and imports been the
tests But NJ that time population pouring into the
colony so that part q the aid sum Of 90 600 peak
aud therefore value mot 10 be rernitsed for This prn
cipe afterwards recognized by Mr.. samson Ricardo
v D.
he sresks q the "impcrta,ion OF foreign securities
Now all The properly Of Immigrants which they had paid
and did not for, which inclvded the above
seventeen millions, like Mr. samson Rcsrdc's i'm.
ported securities namely, value for investment
70 be RENTED for Then large proportion q the
teen millions consisted q consignrnenH FOR sale and
turrs.n These sold at sscrhce, that perhaps only
tvords n scne cases or bali and even lees IN others,
had 20 be RENTED for. This must have swept away
Rocdy slice Of the seventeen Millions or rather Of the sx
millions CT difference between the exprb and imports.
In 1883 the tables turned Low prices had check
| "a lmpcris and uey fell short OF our exports by
nearly G2Co0 o6e, the imports being Eli, Sos, 24
we have imports go al so2, exports 12 25s l2i being
1 difference o. little than 81 oco0oo Now this
II "a 600 may seem an enormous sum for coony
Ike thu "a $40 600 people but LET u be remen.
bered that in 1864 and 1855 received accession Of
100 600 people that many o. these were capitalists
merchants sttfscted bther BY the prospects q tie
cclopyand mink 4 canntt bs deemed esravaeant
estimate T. suppose that they had with them property 10
the 81 gao 70 Gas head forming part Of the value
of imports The two years Tbs alone, Under the head
Of tapai 0r Investment aud not 10 be RENTED for
wpuld reduce the "a 10000 By ca 400 coo or
rs 600 900 am quite that the remainder wsuld be
more hsn met ny the losses w these who csvSered
loss the value which hat hes represents being 80
l value NOT 70 be RENTED Tor.
II my view be anything Ike correct the colony starts
this year IN earto or something better, and hence
or oomtarave state nent Of etpors and Imports for he
act three months shows purchasing pover 10 be
| rrch above our purchases. Here . the account
imports n ne year 1855 W 10 18Th March ca oss ess
xpors for NE same Ierod 9617 sol
70 lrs aboYs statement asa sss wssy deas fer The