New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1860-07-16

From the above table it appears that the assre-
gate decrease in the main exports to tho East Indies
amounts to about one million sterling; that it is heav
est in the leading articles COTTON and cotton yarns
and that the only exception consists Of commodi-
ties immediately connected with railway building
1t ought, moreover, to be kept 10 view that the
commercial news received by the last Overland
Mail is highly unfavorable, and points to an over
charged market; so that consequently, the value OF
the exports as declared in England and as est
mated on a range of prices far beyond the average
will BY no means be realized in India. Now, there
can be no doubt that the Indian trade has been
overdone. The artificial demand raised by the
Government during the Indian rebellion; the stimu
us given to commercial activity by the subsding Of
the revolutionary disturbances and the contraction
ofmost Of the other markets Of the world consequent
upon the general crisis of 1857-58-an these circum-
stances concurred to swell the bulk of the Indian
trade beyond its natural capacities. Still, accord
ing to all past experience, the newfangled prosperi
ty market might have borne the bOmbardment by
cotton goods for some years longer, but for the
sage interference of the British Government. Mr..
Wilson, it seems, was expressly dispatched to Cal
cutta for the purpose ofconvusing the AngloIndian
trade, by the joint operation of clumsy fiscal meas
ures in the interior, and Of burdensOme customs
duties levied on imports from abroad. Has
ever, in the whole history of commerce, such
spectacle been witnessed as that of the United
Kingdom allowing its most important colonial mar
ket to be crippled by the spontaneous acts of its
own Government, at the very same time that it
cringes before the French Emperor, and bears with
his political encroachments, on the pretext of fac
titious alienation in the French customs duties
The exports to the Australian market, although
they show some decline in cOttOns, exhibit on the
whole, an increase both in quantity and value.
However, to arrive at just appreciation of the
present state of the markets in the Australian Colo
MES, we ought to turn from the Board.ofTrade re.
turns to the last commercial intelligence received.
Advices from Adelaide to the 26th Of April, COM
plain of continuance of excessive shipments from
England and general prevalence of speculation,
swinding and oyertradng. An extensive wedding
out, it was said, of nsolvent firms had become
necessary. In Sydney, New South Wales several
failures had already taken place, including nine
houses with an aggregate Of liabilities Of 100000,
of which amount three-fourths was expected to be
ultimately deficient, the loss falling on the banks
and English creditors. From list just received
of Australian insolvencies during the last II years,
il appears that the number in 1853 was three times
as great as in 1857, and in 1859 there was
further increase Of so per cent; and this year, up
to the middle Of April, the rate had experienced q
fresh advance of about z per cent. The total ha-
bilities of failed firms from 1922 to 1859, were
f5, 98l, 026 and the assets, stated in schedules,
amounted to f3,735,6l3; but of the latter amount,
not so per cent was ever realized.
The considerable decline that has taken place in
the value and in most cases, also, in the quantity
of the British goods exported to the United States
will be illustrated by the following extract:
PRINCIPAL ARTICLES xKPoRTrD TO UNITED srArys
THE FIVE ENDING MAI l.