The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-06-07

A0UEY II ARK EFT.
HUDAY, June Go q


euDAr, Juns Go "
In money matters I'll s quiss and without u 49,. MI
ness rsgns h every Department Of busns ~ =. A
NOT any probability Il change until .-a-,,,,.-
The recovery from The deprsssioa or "a ~ .e ysvuu
must b gradual, and viii be -, r.,. A. ~.
steady, and avoid possible v .,,sn,.'. r.sn.. me
consumption Of all foreign .nuf.cras g, Me- ,h.na Of
Injuries, has for May month"; mast bean exceedingly
hmhe'' VINO INC /portauon of new supplies has been
cut down To the rest point For the frst ave months Of
me present the value Of foreign importaons
Hess haa or hah mt for the corresponding period the
presions GEAR reduction Of than fifty million Of
is!s In our imports in the short space Of four months
h an item OF vast importance ii shows a contraction
calculated to lead 10 hs most favorable results There
has been, at all events, saving that extent and
dom from foreign abilities which must place foreign
trade generally upon very substantial basis at
very distant day With = reduction in foreign impor.
tatons Of more than fifty million Of dollars in
period Of four months, we have had decrease in
our exports TO foreign ports In the same time Of
only ten million Of dollars aud nearly the whole Of that
decrease Ia in specie In other words while have
bought Of foreign nations fifty million Of dollars less our
sales 10 foreign nations have been large previous
years. IL therefore follows that are comparatively 30
much better of than at this time last year. The returns
regarding foreign trade from other ports Of the coun
I6vOraDe.
Official details in figures would not be at all ex.ravagant
to estimate the aggregate decrease in foreign imports into
the United States, from January to June l. 1885, at
eighty million Of dollars The aggregate exports in the
same time probably have not varied fifteen million of dol
lars from those for the time last year. and even this
decrease satisfactory from the fac. that great bulk
was In bullion or our own products the expectation will
compare favorably with last year. We have this fact
the grand secret Of present sound condition. and il
by the practice Of this economy and industry that We can
hope for ultimate restoration Of business and prosperity
The economy that has marked the the masses
since the financial revusion OF September last will,
in the end, remove all vestges Of the discredit
caused by past years Of extravaganza and speculation
Is the only true remedy for such Diseases and people
do lot hesitate moment 10 practice the most rigid SELF
denial when circumstances require II. 80 long as this
economy and conr action continues long nothing
than . moderate movement in business be realized
snug safe traffic in all the necessary arces Of general
consumption going now, almost entirely upon cash
basis This very well far goes but this does
give employment to all and makes NO show
Of activity in any important branch of industry That
will all come, however, in good time; but in the
time dulness will be the order OF the dsy The crops
throughout the country likely to be prolific and the
harvest abundant As the great staple products
have been secured and all contingencies past the po
The probabilities at present that moderately active
but healthy business will round by September The
consumption by that time will have reduced the very
lowest points all the old supplies OF manufactured goods
and general merchandise and the actual necessities Of the
people may demand more extensive than now CAL
culatsd upon.
In the stock market there activity and no buoy
ancy. Speculation Is for the moment dead and holders
Of stocks carry them with and with confidence.
The season is little against any wide spread excitement
general imitation The future full Of hope and the
prospects for works Of internal Improvement encou-
raging The year 1858 viii test the strength Of them ALL
After the present year may look for long period Of
activity and profits IN the most prominent lines Of railroad
particularly In those FREQ from competition and ruinous
rivalry The great trunk lines Of the East and West
prove immensely productive population and cultivation
The reforms which have been introduced into
the general Management Of railroads will continue for
many years, and the probability that the management
In instance will fall back into the abuses and cxtrava-
gance years We have gained great within
past year this kind OF knowledge and experience and
past ignorance folly again same extent
prevail. There are many prejudces yet 10 overcome,
and many reforms yet 70 be introduced during
period Of prosperity progress In these things slow
and s well that the position Of this important property
n 1t this moment sound and substantial with the TO-
turn OF business may look for return Of speculation
and initiation In railroad stocks.
The expectation Of specie from this port hast week was
unimportant. The aggregate smaller than We have
before reported for mouths -