The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-04-10

Total exciye of spcce s7e o0i SIPS 764 III $40 So
We thus learn that while the exports of produce
continue to increase regularly, aad were larger
last March than during aoy previous March in our
history, the imports " foreign goods were less
last month than they were during the correspond
ing month Of 1850 end 1850. The falling of in our
mportss the natural fruit OF our political troubles
and Of the discussion which preceded the passage
Of the Morrill, tariff; the increase in our exports
due To the failure Of the European harvests last
year, which has created an unusually active
foreign demand for American breadstuffs and pro
Visions There is every reason TO expect that the
succeeding months will exhibit the same features,
ia these respects, as March. Our imports, now
that The NORTH tariff has gone into effect, viii
naturally continue to decline, while the agricuitu
raj prospect in England justifes the expectation
that Europe will continue, for many months TO
come, to require ali the food we spare. The
specie movement in March compares singularly
with that of the corresponding months of the two
years last past. In March, 1859, New York ex
ported specie heavily, and imported little or none
In March, 1860, New York was q moderate
porter, but took very little from abroad In March
1861, New York exported little or no specie, and
that to the West Indies, but imported over mil
lion week from Europe. The contrast tells the
tale Of the gradual inclination Of the balance Of
trade to this side the ocean. IL may be remarked
that, notwithstanding the troubles at the South
and the absence of Southern trade at this port this
season, the amount Of goods marketed during
March does not compare as unfavorably as might
have been supposed with the corresponding
months of 1860 and 1859. In March last the good
marketed amounted, according to the above table,
to over $4,000 600, against SIS, 900 in $780,
and SIT 900 ono in 1899.
Al the corresponding period of the year 1860
trade was In very prosperous condition. Money
was in fair demand at per cent on call; bank
ers asked for their sterling bills 1857 100, which
barely allowed profit on exports Of coin. The
spring imports had not been excessive and both the
South and the West were expected to consume
large quantities Of goods. The earnings Of all the
Northern and Western railroads without excep-
ton were showing handsome increase over
the previous year. The banks held 500, 800 1872 in
coin; their loans averaged $3.50, COG, 73l. Missouri
State skies were selling at about SO; New
York Central at about 771l. The general prospect
was very encouraging; the only dark spot in tn
horizon was the little cloud which overhung the
CONN encement of the Presidential campaign
At the corresponding period of the year
1859 the general trade Of the country
was good, though the impending outbreak
of the Italian war had injured commerce
and credit in Europe and we had of course shared
in the injury. Money in New York was worth not
over A per cent on CALI and bankers were get.
ting 1922 q 10 for their bills on London, and
were consequently shipping specie freely. The
banks held s25, 746 ,667 in specie; their, loans
amounted to sl29,s65 1852. Missouris were selling
at 80, and New York Central at Tx. The weak
spot al that time was the West, the crop OF 1865
having been very short; the merchants of the West
we're neither paying old nor contracting new debts
railroad earnings were falling Off and in Wal
street, Notwithstanding the abundance Of money,
the bear was the winning side.
comparison OF the above periods with the pic
ture presented by the state Of our trade and nssce
al the present time ia full OF instruction.
We subjoin our usual comparative tables for the
nuvrert fseaI