The daily gazette., 1881-08-02
From the N. Y. world.
Our FOREIGN Trade.

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The returns of the foreign trade Of the
United States just issued, although not
yet furnished In detail, stamp the fiscal
year ended with June 80, 1881, as one
of the most remarkable in commercial
point of view In the history Of the United
States. The value OF the exports Of
merchandise, which amounted to $902,-
319, ,473, has never been exceeded in
single year, while the value Of the inn
ports OF merchandise-$842, ,593, ,21e-
was S25, 1851 ,527 less than for the preced-
ing year. The excess Of exports Of mer-
chandise over imports Of merchandise
was $259, 1925 ,254, against $167, ,6S3 ,9l2
| for the year ended June 80, 1880, being
an increase OF $66,os0,815. This gain
| was not caused, as has been commonly
supposed, by increased exports Of bread.
tufts, the value of which for the year
was $265 5,500, 600, against S282, 100, 600
the previous year, or decrease Of SIC,
100000. The detailed return when lis-
sued will of course show precisely how
the large gain In the excess OF exports
for the year was made up. The astound-
ing incree in the foreign commerce Of
the country Is fully expressed in the fig
ures of the exports in 1871 and 1881.
In the former year the exports of mer-
ehandise reached $442, ,S2O, ,17S, while In
1881 they were $902, ,319, ,473-a gain In
ten years of over 100 per cent. The
relations which the port Of New Yorl
bears to the foreign trade Of all othel
ports of the United States fer the pas
year show that the metropolis loses moth
ing by The rapid development Of othe
! sections of the country, where by th'
, extension of the railways and waite
routes the export trade Of leading citie
has been built up.
or $o0z,31e, ,473 exports Of merchan
disc from the whole United States, New
n York alone furnished $41S ,659, 300, o
over 48 per cent, while of $642, ,593,
. 2l9 merchandise imported into tn
whole United States for the yeal
D $685., 759, ,06S, or over 83 per cent, en-
n tered this port. This latter fully dc
monstrates the pre-eminent position Q
: the metropolis as the great distributin
!. centre of the United States. The tots
Q value of the foreign commerce OF th
y whole United States exclusive Of specie
for the fiscal year amounted to $1,644
912, ,692, and OF this sum New York
y represented by 1864, ,4lS, 1903, or nearl
ID 90 per cent. The specie movement
and from the United States, which 70
many years showed an excess OF export
over imports, has during the last tw
of years been greatly in our favor. For th
mr. year ended June 80, 1880, the excei
: Of imports over exports was $75, 1891,
ne 391, and during the fiscal year ju
TO closed the excess was still create
ry amounting to SOL, ,168, $50, nearly all
= which arrived at the port of Ne
10 York. In other words, the balance ,
ss trade in 1879 and 1880 ran 80 large
" in our favor that Europe had to liqulda
!. part OF her indebtedness in the pr
~ cious metals. OF course 1t is not to
III expected that such heavy additions wi
at be made TO our store Of gold from e
a. ropes supply during the year 1875.
~ but as Great Britain has yet to l
10 quidate o large trade balance ai
q American investments are 30 popul
abroad, 1t Is reasonable TO look for
early resumption Of specie impol
which may, II circumstances arc iavo
able, continue for some time.