The New York herald., 1875-11-01
Exports

Totals. $40, 76s, 62s s429 4Os lOl
Imports -->
Merchandise. ......... s442, 286 400 s3es, ,sos SIS
Specie. ............ 1o,S32,l9o 1641lSSs
Totals. $453 o6S 500 S414 72o 443
The foregoing statistics show that the gold value Of
exports Of merchandise decreased by $5S 99 469
against decreased value Of merchandise imported Of
only $4S 927 si5, and that there tho
export of specie and bullion after dcducting the
imported OF Sl2 056 274 Also that the appar-
ont balance Of trade in for the nine months
of 1875 is $14 66 against SIT 695 OBS 1874 But
must be remembered that this apparent balance is
fictitious owing to the large amount Of our government,
State municipal and corporate bonds and stocks owned
abroad, all of which demand and draw in annual inter
est and dividends not estimabe yet or a sum
that runs far up among hundreds Of Millions the
suit Of which is to transfer the balance the other
side of the ledger very large amount without tax
ing into the principals OF these various
ties While the foregoing facts and deductions
anything but satisfactory they are full OF
SUGGESTIVE THOUGHTS
They demonstrate that people we have made it,
tie progress in the necessary work OF liquidation
that our imports Of foreign merchandise have
ucd on an exravagant scale, Notwithstanding that dur
Ing the same period our own manufacturing interest
has largely curtaied its productions and is com
PEELED to sell even that which II has pro-
duced at profit and in many cases at
heavy loss But for the pure ''cussedness'' Of our
paper currency system-our ''unexportable' money
could such state Of affairs have existed Had gold
been the money Of the country would not large
portion Of 500 SAG 425 which we have exported in
specie have been supplied by those articles Of which we
now read in Of the weekly reviews OF the markets
as followsThe speculative corners in cotton pork
and lard have been maintained with vgor in spite Of
many opposing influences, and the prices Of these
staples for October delivery forced to abnor
NAL figures Concerning wheat also another reporter
Of Saturdays market says:-''The market for wheat
closes higher and unsettled; the demand chiefly specu-
lative. Shippers are out Of market Winter is held
firmly but is neglected. II is a noteworthy fact that
while the prices here Of all the articles named above dur
ing the past week made considerable advance for spot
deliveries Liverpool there has an actual decline
in cotton, lard and wheat ana an advance in pork
Whence the ''ygorn above referred to but from
the plethora Of ''unexportabe" money which
would remain easy Of to the rich though every
dollar Of gold should leave the country In view or
the experience Of the past two years, and Of
the additional ght which passing day now throws
upon the subject or ;he Currency il seems like the
assertion OF an axion-as simple that two and two
make four-to say that rrcdeemabe paper currency
no longer initiates with pure air the lungs Of legitimate
business or honest labor, but is slowly producing
strangulation and death The forces heretofore
referred to affecting the speculation in the
products have, during the past week. been also applied
10
THE STOCK MARKET
with or less The stock speculator how
ever, has advantage his neighbor at the Corn
Exchange, in this that owing to the secrecy OBJ
served by the managers 81 nearly all the corporations
whose stocks MAKE Up the speculative list is easy
matter 70 anoat Al the proper moment statement
about improved business, increased rates, new
bnations, &c, &c which, having served their purpose
il dupug their creditors, quickly forgotten or
displaced by new and contradictory stories The week
opened with quite bullish fever which for time OK
tended the lst but later reacted leaving Lake
Shore and Pacdc Mail the only pontsof alteration 50
that q majority ~ stocks show no material improve
uent upon the prices q one week ago In fact many
oi them show decline. In regard to the much dis
cussed advance in the rates of ftransporatop-an event
quite likely 70 occur, Il always has done
when navigation closest seems 10 be but
natural 70 suppose that whenever tho business
offering TO the railroads shall warrant an advance
IN il viii take place quietly and without
any flourish OF trumpets Under such circumstances
the change will be more likely TO be permanent Any
spasrnodc movement Recorder Hactea says.-,T hare
been Recorder nearly eight gears and hare nerer before
received am such intimqtoa Jy implication az
the kind, however which is first only horaIded In
speculative circles Is pretty certain 70 be merely for
the purpose Of aiding speculation, and is not likely
20 last without entering into details tho following
table in connection with the closing prices viii ex
PLAIN
HIGHEST AND LOWEST PRICES or rHE WEEK
The following table shows tile extreme fluctuations