Evening star. [volume] (Washington, D.C.) 1854-1972, 1868-08-06
BUSINESS PROSPECrNrHEA AUTUMN
TRADE
The immense rel

Ine immense returns from the magnificent
crops of 1865 promise the country a large and
healthy business sesson. The all trade has
already commenced with moderate activity in
New York, and by September first, IL will b.
fully developed-and this. too, IN spite Of the
fact that The Presidential campaign always
tones Gown the market and makes buyers exer-
else more caution than in the ordinary business
years. We need not look, however, for that
expansion in trade 10 which we were accus-
toned during the war when the currency was
in the course of constant imitation and prices of
merchandise were going up rom day to day
II Is a good s'gn OF the times that, although our
importatons sui continue to exceed our ex-
portauons, the former are much lighter this
year than lest. The balance against us has
heretofore been met IN our trade with Europe
by the sale of our bonds abroad, but there is a
fair prospect. owing TO the promised foreign
demand, that the deficiency will he made,
during the present fiscal year, by the exporta-
ton of grain and cotton
1t must not be forgotten that the great infla-
ton In the import trade II the United States
began just three years ago, and that the totaIs
for that year snd for the year 1856 have no pre-
cedent in our commercial history. The official
figures may prove OF interest by way of COM
parison with the fiscal year which ended June
3th Entered for consumption-sI2I, ig3, 2i2
against Sls0,0l3, 80 IN l.67, and s179IOI,5ls in
ls66. Entered for warehousing-SIO6,'O s,12I,
against S1I7, S77, 762 in 81, and slI2,35Sl9t in
1905 Free goeds-S1O, O22 against Sill ,9iO, $50
IN 1867, and S12.i23,7iI III 1866. Specie and
bullioH-SJ,1e S,543, eyainst S995A.5}9 in 1897
and S2,25l.6i4 in 1866. Total imports-s2fS-
7I3,o45, against s279,7s6,4i6 in 1867, and $780,
133,39s in 1896. Withdrawn from warehouses
s99,2lo3SO, against slO9,7a5,3ls in 1867, and
S-SS91,35s In L 50.
II will thus be seen that our importation.
were the highest in ls66, and the balance of
trade, as consequence, was very heavily
against us-the calculation being of course on
gold standard Tor the imports II is fair
average TO state that our imports have no:
iallen OF thirty millions of dollars for the
fiscal year ending June 81, iSes, while our ex-
ports, including gold, have increased. In the
last SIX months we have exported over forty
millions In specie But 1t is not fair showing
10 include specie among the expectations, for
the trade must be balanced by the actual ex.
portation Of agricultural and manufacturing
products; and this must b. done in the remain
ing eleven months of this fiscal year, il we
hope TO place the nation on a fair business
iooting. The action of Congress in removing
the burden Of taxation from the manufacturing
interests should enable us to buy cheaper at
home, and thus lessen the demand for certain
kinds OF foreign goods-avoiding at the same
time the drain of specie from the country
while the expectation Of the presea 1t large grain
and cotton crops ought 10 place us in the posi-
ton. on the 3Uth of June, 1869, Of being credi
tors TO Europe.