New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1859-04-16

everything but the absolute psoessarie, Of LIE WA
unsslstie. TIE stocks Of Banks, Railroads, &c.
we're vEriy offered at half then selrg prioe few
nOnits before, and were reluctantly tssen in sati-
f.otics a any bat the moot doubtful eeets. I'm
yoststoo was all but suspended, haoufscsores
ehpped as if fabrics were no longer u be woro;
the tres OF furnaces and FORCES were suddenly aod
gene rally tItiIguisbed; aud tbOu,stds OF workers
for wsge, were most hspPy TO accept suy emPlOJ-
neni for the approaching Winter that wOu'd insure
them shelter AID bread. Never Was collapse more
nesry universal.
Eighteen months have passed and all seems
chapted Manufactures, furnaces AMI FORCES, are
esperalIy st work sgsip. Nearly al who can do
any thing hsve work, if they see fit to DO it, Wages
are eebsisl'y higher than at this time last yesf.
Strikes for higher Iecompense are quite common.
Trade Is tri.k, aud is generally supposed to be
healthy. The Imports at this point ior last week
exceeded in Custom House valuation Six Millions
Of Dol,Is-sn amount rarely if ever surpassed
and probably cost at least Eight Millions. Up to
April oh, the Merchandise entered at this port
since Jan. IL. was invoiced at Srxy.fre Millions
ofDolA1s, though the Exports hence were lees
than Fifteen Millions. And while the Imports Of
the first fOuitse weeks Of this year exceeded those
of any former and more than doubled those Of last
year, our Exports were actually less than those Of
the co.. corresponding portion Of either ISL or 1853.
OF course we hear without surprise that the Persia
took cut ore thsn 81 200 OOOin Specie this week,
ard that even larger shipments are anticipated.
For, though il is true that New-York imports
for half the Union and does not export in any such
proportion, il 10 clear that we cannot SO on im-
porting Six Millions worth per week and exporting
TO but one fourth that extent, without falling heavily
10 debt and being drawn upon for Spe;le By Nil
lions. Our crops Of 1853, inc uding Cotton and
Tobacco have mainly been sold and the proceeds
realized We have little more to export before
September at the earliest. How are We, meantime,
to pay for Imports at the rate Of any thing like Six
Millions per week, or even Sixty.fve Millions in
fourteen weeksl At that rate, the Imports of the
whole country for the year must exceed Three
Hundred and Fifty Millions. VIII any body be
good enough to give us the items making up
table of our probable Exports for the year by
which that amount of Imports is to be PAD ior
And remember that tie accruios Interest on our
Foreign Debt Government, mercantile ana rail-
ROAD cannot fall below Thirty Millions per annum.
There seems to be a very general presumption
that the prices Of Fabrics and Metals have reacted
to the standard Of two years ago, and thst wages
&c sb ouId be raised to the standard OF that year.
In some branches, this may be the case; In others,
we know il is not. See, for example, the prices
Of Iron, during the frat week in April Of l557, 5o
and SO respectively - CO...
p, ,.,s ,., .r $50 lsS 3 81. 'sss ss} s's
81 An, hSo. r,csp...... $50 8 90 a 400 a.
= IS + !; s.; : e s:
sI s: :. Rli. Ri d.: 5 5is'' IT, 5 s Sa H.
Foreign Iron is, Of course, cheapened some what
by the reduction of the duty from 80 per cent. in
a pril 81, to "a in 80 and 80; but American Pig
Iron appears to have recovered in 1889 but one
third of its fall in SO from the prices ruling in 81
Yet it is generally expected and required that the
mapufacturers-not Of Iron, especially but OF
Metals and Fabrics generaly-shall p'y in lo19
r. pr;css of 1857. Some of them can probably
Afford to do SO; Others, it is plain, cannot Strikes
NAV psralyze their industry, bat cannot make it
practicable to pay the same average wages when
Iron is worth but S24 per tun as were paid when
it brought $50.
We ssy, then, to wOrkuen: BE circuuspect
You have perfect right to ask what you please for
your labor and to refuse to sell it for less but you
may ssk more than it is worth, and thereby ipjure
> our,elves IS well your employers. Unless the
present ratio Of Importation shall be materially re-
duced, and that very soon, We shall have another
Reyu,ion and a general collapse Of our Manufac-
turing Industry. Excessive Imports Of goods call
for heavy exports Of Specie; these drain the Banks
and compel them to contract their loans that par
yzes business and home trade; and 50 we starve
ourselves into sovency ssan. 1t will require not
only large crops but eager foreign markets to carry
US by the rext Winter without trouble, if this flood
of Imports be not stayed.
PARAGUAY.