The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-07-01

FINANCIAL AND CONNER GAL.

THURSDAY, June 500 P H.
Thir the last day Of the rcal year 1850 10 NOR
the fiscal year lS59-6o will begin. Tho iscal year
which ends to-day has been marked by the commence
men Of The general recovery Of the country IRON the
financial crisis of 1867. The month Of June, 1853 WIS
about the dueat month Of the period sagnaton which
followed the CRISIS Merchants were unwilling to enter
into engagements. Importers afraid 10 serd
ont orders In the Interior the West suffering from
the short crop OF the year 1857 the East suffering from
the suspension Of manufacturing industry caused by the
reyus;or Confidence throughout the country seemed ct
end At this gloomy period there were many who re-
memberng the long period OF proetration which followed
the crisis Of 1857, and failing 10 detect the wide
difference between the condition Of our trade at
present snd It's condition At that time, looked for
ward to three or four years Of general dulnsss
and s!asDation. So general, in FACT were the
apprehensions Of We uc that the foreign trade Of the
country for the calendar year 1858 smaller than IT
had been for many the smallest known
since The discovery of California
The year 1868 came 10 end without material change
10 this stats Of things Money was worth three and four
per cen. year. season when borrowers had usually
been GLAD TO get NJ one per cent month. Foreign
charge was du and the export OF specie light The New
York banks held than twice their usual quantap Of
specie TRADE extremely dull. revival Fad begun
20 be felt in manufacturing industry; bet the west
saw With dsay that the crop o. 1853 shorter
than the crop Of 1857. Happily, the cotton crop
usually large, snd The price unusually high The country,
rule extremely bare Of all kinds Of necessares;
many parts Of the West dry goods and groceries
| noi 20 be hac at any price.
| Il vas upaer these circumstances that the year
1859 began The very first month of the year
showed that the tide had turned. Relying 90 The
recuperstive energies Of the people, the importers
began, In January 10 increase their orders FOR 70
reign goods and these finding good market the orders
continued on so extended scele that ad the pre-
gent day that the entries Of foreign merchandise Ut ths
port FOR the months ending day exceed tbose Of any
previous ak months record Tie exports, as usual
have not kept pace New York usually exports one third
Of the total export Of the country this year. mainly
consequence or tie failure Of the wetssn crop last rear
the export from tas port VIII be large in proper.
ton, while the Southern export in consequence OF the
high price cotton and the unprecedented armour, gent
sbroad, viii exceed the usual gure. Early the year
the excessive impor.aons at this port coupled the
outbreak OF war in Europe, led large expectations Of
gold which the country the beor able an,rd
the ret export OF specie during the fiscal year ls47s
had been IN consequence Of the reduction OF our
! commerce, ever twenty millions below the ave
rage. The United States were thus enabled "
ship over twelve millions Of dollars from this port ant
oston the month OF May withou. causing any emoar
rassncnt n monetary circles here The total specie
port for the fiscal year. including that which
from San Francisco probably not ess than $40 900
bout SAT ,ooe,o co Of which have gone from here.
Ne defer any tabular until the custo,
House returns made, whom the figures ascer
tainsS with something like accuracy. In the meantm
we may ssy In round numbers that the trade Of thl
port for the past fsc~ ssar stands somewhat as follows
, Imports Of dry goods and s,neral mcrchan-
Experts Of produce and mercnan.
Exports Of specie ................ 47,so0,000
--------- 1cs,o 90