The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-06-06

is well knswn that New York has hitherto been the
receiving port for twotbirds Of the imports Of the
United States and the shipping port for one third the ex
ports During the current fiscal year 1t ia likely that the
importation ct this port has been larger than the usual
proportion the South having received almost all her sup
plies OF foreign merchandise through New York; while,
quence Of the export Of breadstus the
ports from New York have been less than usual
This being the case Is gratifying to perceive from the
above figures that the balance Of trade remains
steady, notwithstanding the large imports Of this
spring. Assuming, according 10 the usual rule,
that We receive at New York two thirds the imports
and send out third the exports the foreign trade
whole country for the past eleven months would foot
up as follows
At Ne,D York At all Ports
Exports. .$92 ,6l4,0o 277.st4oo0
Imports. GOO 2So,656,0Oo
II will be remembered by all who notice commercial
statistics that the balance Of trade fiscal year was in
favor OF the United States by oOo the figures
saEen from the commerce and navigation tables being
f4pots' va ga ooo
imports co. ZsZ,ol3,oOo
Balance in favor Of the United States ~ $40 o3l 600
Our export Of specie from this port bids amount
70 the large Of forty -four millions for seal year
IL hardly necessary 70 observe that this large export
due not 10 the exgencee Of the begerents in Europe
but TO the deficiency In staple exports. How.
ever badly France and Austria may need our gold
they only get by paying for It; and il our
grain crop year had been large and sound
In 1866 and 1866, they would have got very little
specie indeed from this side Of the water Az is, the
figures show that debt Europe has been re-
dueed 10 nominal Hgure-about weeks specie
shpmen from this port all fears Of another bank panic
may therefore be dismissed groundloss.
There popular notion aaoAt that specie s q unique
commodity, which ii ought 70 be our aim 10 keep In
the country at all hazards and the export OF which
pregnant with danger. The fact H. all we'll informed
persons aware that gold just article Of produce
like and cotton the Of export the richer
the country becomes; because owes the lees 10 the
foreign world Instead Of alarming each olher about the
heavy export Of May, people ought 70 congratulate them
selves that much idle gold, which was Of here
has gone abroad to pay of our debts Ill managed banks
may suffer from export Of specie, but the country Is
always gamer.
The week which ended yesterday has been rather dull
in business circles The shipments of specie have created
uneasy feeling; and the political affairs
Europe tend TO induce merchants To move With grea.
caution Our latest commercial advces by the America,
dncouraging Tor all our staples Cotton continues to
decline, and must be quoted Nc 10. lower than las,
week, 1886 being the prevailing quotation for nidding
uplands Tbis however, hardly gives fair view OF the
MARKET as il would be difficult possible, 70 realize any
large quantities n this figure There is in fact
little or nothing doing The receipts at the ports last
week 81 900 bales, against 81 900 bales same week
1885, and IS 900 bd,s week 1857 making the t,ta
receipt TO date bales against 2Ssoooo bales 10
same date 1855, and 2s 900 bales 10 came date 1857
The exports to date 600 bales against 2o95ooo
bales to same date 1885, and bales 30 date
1857. The prevailing crop estimate is 3,7o0 600
bales Grain and nour are dull, and prices Of de-
IN a
spasnodic effort 70 get up the price OF or but the