The New York herald., 1877-11-19
IMPORTS AND EXPORTS.


The foreign commerce Of the port for tho week was
as toliows:-General merchandise IMPORTS in cluding
dry goods, $5,567, 579 produce exports, s7465 449
and specie exports, S75900 The total imports since
January l, this year. $3.50, 942, ,438, agans,
$2S3,6 TAI for the samo period last year,
$780, 24l,778 In 1874. The total exports produce
since January !, this year. $253. AIS aganst
$234, ,53s,272 for the same period last year, aud
1922 144, III IN 1875. The total exports OF specie
since January this year, $780, 923 993 against
Sal, 705,os7 for the period last year and
s66,005 l2l IN 1875.
The position OF the Bank OF England In regard to
the open money market has been OF late q source Of
considerable uneasiness in London. As readers
arc aware the Bank of England has been In the
habit OF fixing from time TO tmc the mini.
mum rate at which tho directors will
ing to discount primo paper. This rute has
up to the present served index TO the other
banks and bl brokers and their been usually
little below the Official rate. Bus anomalous state
OF affairs has now sprung up, for tho Bank rate being
advanced to per cent to prevent the expectation Of
gold and money being very plenty and very small
demand the banks ami bill brokers unable OBJ
tain anything like per cent for their supcr1uous
funds. Hence they have been obliged lend as low
as 3A per cent, almost per cont below the Bank
rate, aud at the samc time have to allow per cent
for deposits In order TO rcctfy this anomaly
one OF two propositions seems likely to be
adopted. Either tho Bank OF England will
have to making the rate and allow
money 10 6bcy the rules Of supply and demand like
all other commodities or the joint stock banks will
have to combine and 6x a daily weekly rate for
deposits. The Jealousy Of tho banks has until now
hindercd any united action, us bankers afraid to
high Tor deposits lost another bank hav
ing offered higher one they may lose the current
Ulth he dpp ri mas
ing lately held In London at which tho joint
stock banks represented, but they adjourned
without taking any decided action.
The following tables snow the imports OF silver into
England for tho last seven years from the United
States and Germany, the expectation from these
tries being the only of much importance. AS
tho price Of silver in London is tho guide
for the commercial world these figures will
DO found Of considerable interest at the
present moment, and the unlikoihood Of any
considerable in the importation Of silver into
England IRON the Continent-whcro demo netzaton OF
silver is everywhere threatened-ofers strong pre-
sumption that price will make great advance for
some time come. The act against silver was pro-
mulgated in Germany on the 4th OF December, 1871,
and the absence OF official returns the amount with
drawn from circulation up to tho present is calculated
1926, ,o00 600. The amount In the following British
tables calculated without taxing account tho
differences in the ratos OF exchange
Exports Of silver from the United States to Eng
land according to the British Board OF Trade table
Tear. Amount Year. amount
ls7L.........$2s+I +I5,000 1875 ........$l59o 9o5 600
1872. ........ 22,s75U0) 1876 ........ ID 1856 OOO
ls13.......... zf,aoOol0 1877 " mos j.. 100000
lS1l........... ls,ooJUO0
Exports Of silver from Germany to England, ac-
cording to tho British Board OF Trade tabcs-
Year Amoum. Fear. lmoun1
Is7L.......... s5,92o,ooo 1s;a....... s5, 765 600
1872. ......... 5060 900 1876. ....... 1B 100 900
is7S........ 2,l25,ooo 1877 % mosj.. 81, COO 900
1874. IL, 100000
Comparison OF the imports and exports of silver
during tho years ending June 80 1875 aud 1877. az
published by the United States Bureau Of Statistics
IMPORTS.
Silver bullion. ........... Sl05Sl77 81. 6y3 253
Silver coin................ e,SSo,795 9s3I,927
ExPoRTs-ponEs1ic.
Silver bullion. 2lO, 3l4 $ll, 4s3, ,s94
Silver coin................ 05oo,oy0 v,2y2, I43
ExPoRrs-foRriGN
Silver bulhon...-......... slo ee9 1894 LOT
Silver coin -............... 4.IU6323 S,l62,059
Tho following coal returns gvo tho figures as the
production In tons of anthracite coal for tho weeks
ondng November 10, 1876 and lS77:-
Wyoming region. 23i,2I2 24S. 900
Lehigh region ................ ljO,Us3 lle, ,0bS
SchuyIkill region. ............. l,v,sj2 1918
sullivan region. ............... 3)1 607
Totals. 5i2.ll3 613,0ls
Showing decrease for the week OF o,095 tons.
The total production for the period rom January to
November 10, 1877, shows an increase OF $3.50
tons over the corresponding period OF 1916
Tho half yearly meeting OF the Graud Trunk Ra-
way OF Canada was held lately IA London. The pres
dent, sir Henry W. TYLER, In moving the adoption OF
tho report said :"with regard to the working OF tie
han year ending the Both OF June last, when duo
allowance was made for the serious disadvantages
under which the business OF the liue was conducted
in that period there to be disappointed
with tho results The rates we're runously low,
partly In consequence OF the deficient wheat harvest
OF tho psev,ous autumn, but mainly on account Of
the mad pettion which was carried on or Amerl-