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This statement cannot be far out Of the way shows
the present position Of the foreign trade OF this port
correctly be obtained and the condition of II s
favorable than has heretofore appeared The value
OF the exports of any country Offset to the value Of
the mporations be arrived at. shipment Of
produce is made from the United tates valued at, say
SO0 Rio Janero where is sold for $40 O0O which


is invested in kind of merchandise and shipped to
Great Britain and sold for. say $40 which in re.
turn invested in merchandise and shipped to the Ess,
Indies and sold for $40 000 which is invested in mer
chandse adapted to the wants of this country and sent
to the United States, the importation Of which here
valued at say $4,000 which has been paid for with only
$40 900 worth of domestic produce 1t would appear on


the face Of such Transaction that on this export and i'm
port the balance against amounted to $4,000 whereas


the amount increased in value SO rapidly by re
peatsd changes that the importation Of $4,000 was only
an Offset for the original export of tea thousand dol
iars Our importations. on the other hand do not 20


through these ramcaons the amount placed against
us Is made up from the first change from first hands, in the
markets to which shipments made The escape that
wehave had from the evils Of overtradng this season
has been produced by the falling off In prices al.
iuded to- This Decline in measure arose from the fact
that our currency is in state that will not allow any
very extensive operations OF trade beyond the actual
wants for consumption. Money is plenty enough, and
the rate If interest very much reduced but requires
best securities to get hold of it. The interior
not SO abundanty supplied with money as the cities
where it is attracted for investment The absence OF
banking facilities in the interior acts as very wholesome
cheoh on the consuming classes which In return car
rsd through all the departments OF trade and exers the
necessary influence on the whole. The disastrous re-
suits of this falls trade have had another beneficial effect
on our foreign trade in reducing orders making p for the
spring trade We are informed that they have been cut
downmore than fifty per cent.