{"newspaper_name": "The New York herald.", "edition": "01", "page": "p3", "byline": ""}
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domestic merchandise exported in January l8a5 was
valued at Sa66 032 less than the domestic exports
uary, lsa4 We in this a unfavorabls state Of
tnings than anticipated, increasing importation
and decreasing expectation.


The importing business Of this port this season. is in
the hands Of class of operators entirely different from
those who controlled it last year. The local importers
regulated the mpoltasns last rear their satisfaction
and we have NO doubt but that half of them were ru
ined, and will turn out bsnkrupts. The field is now
occupied by another class Of operators, composed oil
commission houses and auconeers who dispose of their
consgnments, for commission, at the market price,
whatever may be- without regard to the actual cost
or what losses may arise from their sales.


These houses must msrepresent the state of our
markets, and business generally in this country for the
purpose Of obtaining consignments They must hold out
inducements to the manufacturers Of Europe which hey
are convinced never can be fulfilled; their principal
object being to secure their commissions and to fill their
own pockets regardless of the consequences In their
eagerness to acquire wealth. they do hesitate to ruin
those upon whom they in the beginning depend and, by
inducing overrading TO destroy the prosperity OF the
mercantile classes Of their swn country. The European
manufacturers have yet been very sufferers
from losses on goods sent to this country the depre
ciaton Sc. have fallen principally upon local i'm
porters but the losses the supplies that will be sent
out this will fall principally upon the





The diminished value Of exporting staples reduces
ability pay for what foreign manufactures we want
for actual consumption without paying for any surplus
that may BE imported and large import must raise
balance against u.s. that cannot be lqudated without
draining of large amount of specie, and producing
state OF things endangering the existence Of large por
ton of the camille classes Our banks have for the
past sixty days been obliged to curta their operations
to prevent possible large expectation OF the precious
metals and the close Of another year large mpors
ton another contraction in the money market must be
realised, that will create much embarrassment in
financial and commercial circles than has been expe
rienced since 1887 and 1898


The condition ofour internal trade s at present 10 un.
settled and the prosperity some sections ofthe country
depends upon 30 many contingencies that prices of 70
reign manufactures must rule very low which will have
an influence in reducing the value Of domestic manuac
lures In consequence of the low price of cotton thf
manufacturers of Europe may be stimulated to increased
consumption and the surplus manufactures must and
market Taking into consideration these facts it appears
hardly possible to prevent larger importation into the
United States this year than st but are as well 50.
ts6ed what will be the result of the overradng that will
assuredy follow as of our existence.


The quarterly returns Of the banks Of this city for Feb
ruary show very great decrease in the aggregate move
ment, compared with November, ls44 -


