{"newspaper_name": "The New York herald.", "edition": "01", "page": "pNone", "byline": ""}
{"character_count": 2552, "word_count": 422, "ccnet_language_score": [0.9520000219345093], "ccnet_perplexity": [2249.5], "fasttext_language": ["en"]}
Tc the immense importations OF specie in ls4s we can
trace the overading production and imitation in
all commercial matters Nearly fifteen millions Of the
Importation of specie in ls4s from Great Britain
This specie found its way into banks in all sections
Of the country inducing them extend their issues and
creating impression in the public mind that we were in
the midst ofthegreaest prosperity which led exten
sion Of tride and commerce. beyond what
ally able to stand Every department of business became
inflated and the manufacturing agricultural commercial
and mechanical branches became extended, on the
strength Of this accumulation Of specie The ogricuu
raj productions OF the country only rapidly in
creased but speculation in of them was carried to
great extent.


In cotton, the excitement ragged particularly
strong, and the most extravagant prices were re-
azed This fever commenced in the fall OF lsaS Ship
nents OF this staple made from this and every south
port rapidly vessels could be procured notwith
stdng the high reghts then demanded and the receipts
in Liverpool were immense Prices ranged the highest
just about the time mporations for 1874 commenced
and the state Of affairs then looked so favora
be that stopped to look ahead. Our great staple
commanding high prices abroad the South felt rich
and every thing tended towards point of prosperity
before reached. Our imports January Februa
ry March and April last averaged about ten millions Of
dollars each month, during which time speculatons in
cotton in Liverpool and in the principal markets in this
country, carried very extensively This fever
kept up long for the operators the other
aide to get cut Of the business with well filed pockets
leaving the losses of the operations to fall upon parties
here which ruined oil those deeply involved The second
week in May brought with IL the explosion Of the whole
affair." but same late to prevent the appropriation Of
additional quantity oflsnd to the cultivation Of cotton
greater than before known. All through the planting
prices ruled very high and the planters having
bbedhe speculative feeling put every Of land that
could be brought under cultv alton into cotton From
the middle last May prices for coton have been stead
ly declining until they rule lower than before
In the face Of this fac imporations until November
continued very large, while exports deprecia,
ting in value every month We table giving the
value Of imports and exports the fiscal years
1890


FoREroN Trade THE UNITgp sTArEs-VALuE In.


EXPORTS.