The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-06-26
THE CITY'S COMMERCE..
Annual Report Of the New York
Chamber of Commerce.
IMPORTS lNCRElSEr TEN PER CENT.
A Fair Advance in Exports--The Decline
OF mmigratlon--Specie Statistics.

The nineteenth annual report OF the Chamber OF
Commerce, which will be published ia book form
In a few days. is an ex taustve RESUME Of the discus
sions and labors OF that body Tor the past year. A
large part OF the document devoted to sketch Of
The support given the late national
The money question: AT the May meeting in 1876 the
Chamber recommended tho establishment OF ain.
.ernational monetary conference and the report
;ongratulatcs the members the fact that the pc-
lion resulted in arresng the passage Of the Silver
BILL which had passed tho House oil Representatives
The taxation OF banks by the State and federal govern
mens. II seems. has occupied considerable attention.
but the defeat OF Mr.. Cowdin's bill the State
Legislature Tor the present has term mated tho dis
iusson Of the question. The report reviews briefly
The effort to a modification or the usury laws,
relief FOR thread importers owing to custom house
delays, fast mail service and expresses pleasure at tho
disposition manifested by federal officers to
suggestions from the commercial men OF the city and
its Indebtedness to General John Newton for his ines
Unable services at Hell Gate Speaking ofthis work,
tho report says that .he centennial year will be tor
ever known In the annals Of commerce for this de-
slruction OF one OF the terrors OF naviaators famous
those which legend and song have invested with
personal attributes OF art
THE DocKa
The Improvement Of tho docks, the use OF the Belt
Line Railroad for freight purposes the revision and
codi1cation OF the Quarantine laws the establishment
Of nautical school, the Court of Arbitration canal
and State Prison reform and plan for the govern
ment OF cities were among the topics 1870 con-
alteration during the year.
LEADING STABLES.
Passing TO the special reports upon the various
branches OF trade the report says:--
The markets for the leading staples, both domestic and
much The he trade shows
In The deliveries or conum pton Of 27ooo IONS
prices. though aucuatinF. have maintained
Il p ali
p lo n states ties s On lS 90
eehborng cities nocedin last has resumed
se s ss J. ss a sss.s 81 81
Sin the
i alike HS s' oSoers
point ''nf ''ss'SS shipped y n
M Ma raas e and s aD ui
in tbs business is sens sr.dSay trans
The admitted cause Of the depression in h. staple The
tobacco trade shows large the receipts AMI de-
The Of mnnnar we're 80 per
and pro-
nounced unsatisfactory ,,,r rxroprs
Passing to the exports find marked changes in
ss
bales an d over those the preced
Ing " the crop New York received e4349 bales.
Increase Of 81 bale. over ne ress,Ps
he Ss @a
cent Prices have not been high but the demand steay
and the prospects extremely encouraging In the
q Sss and We G s% S.s n.
the increase over 1879 heing per cent and this. while
10 per cent. wheat the has large, aud
san s Of The s Of ony
rom asSsoos sSSso ',s ;Is
business reasonably BIO looked for in tho
Against this general showing which, If not brilliant is at
least uot there Is be set the de-
sl56o in 1879 dropped 7l2eo; This decline tells with
lects property values in this city
A COMPARISON or FIGURES.
Leaving examination of the movements in the other
O. trade % our We s1m q
q 1870 Or the total foreign imports INTO the United
the S 1Gsg Hs
per cent 81 The domestic esPeri s ssansns from
s2s,4 7o5 9o2 * cent. or the total foreign
iss tie u ns york had
na N York 81 hr 81 the
s as the New
EAST year his be the alarm. however;
this city the port 60 which cGmmssio Ion, goods and
.sw s' IS 1sss & found ' ,aas
Clearing iIoass We large decline the year but
recovery the coseOctober to January-and
the previous standard
STATISTICS.
As the day Tor resumption of specie payments by
the government approaches the extent of the metallic
country becomes matter of profound interest
The director OF The mint DR. LindermaE estimated the
quantity OF gold and silver in November 1873. II
Si4OUO00D An examination OF the since will
give n reliable data.
Deposits in mint. s73is7G is7
Imports OF coin. o5.2y2 BOA
Less exports, 1s73-1S76 ACKNOWLEDGEMENTS. PA 26SS J7
In the country June 30. 1s7j.... ......Sl7s 705 1903
This Is slow progress toward tae strengthening OF coin
currency, without which 1t Is settled opinion
tn material progress prosperity be hoped
for No country yet has hown the ability to hoat paper
metallic basis FAR exceeding
llur III cnEIrAcl.d ,rnld