Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1838-02-03

slowly al SIS TO CAS- per 24obs the extreme price
Sa fine Samples Of II 81 and scotch suitable for
mailing. worth 4s ST. 3D.. and inferior qualities for
eas as last rstec little passing in ether Some parcels Of
Baltic bond hsys ss for s.gs q q s
bril- Nothing reported in wheat under lock.
Commercial Character of the Herald--the
Flsur Trade.
One of the principal elements which have contr-
bated to establish the Herald, widen its crcula,ion
and spread its fame around the world, has been the
research, independence and honesty of its reports,
statements, and comments on all commercial affairs.
Our Money Market reports rstattracted the attention
of the world-both in this country and in Europe
and it is acknowledged by every candid man, that
these reports still maintain an ascendency which
every larger paper in this city, the country, vanly
attempt ts emulate or depreca,e.
Fer proof Of these facts we have only to point to
the large and increasing circulation ofour paper among
all the monied circles of this countryside standing
of journal in every bank parlor or brokers' office
and the request in which tits held in London, Liver
pool, Paris and Havre-among merchants and men
of business. So much has this been the case, that
the French Minister for Commerce has specially or
dered the Herald, and the Bank of England takes it
into their deliberations on American affairs.
This character has been created by the labor, at
tenton, and industry of years. In this respect no
journal can compete with us-nor aay man or edtsr
because they possess net the materials that we have
collected for the last fifteen years.
Having justly attained this superiority in the trade
of money we turned our attention last year to the
trade in -four and, after series Of investigations re-
gardng the crops stocks and prices boldly predicted
fhatth o ar vNh
every other paper in New York, Philadelphia and
particularly in Baltimore were crying out scarcity"
and "high prices"
The result of these predictions and investigations
has been so exact, that the -four spectators parti
cularly in Baltimore have taken up the case and by
garbed and fictitious statements, attempt to in
validate character for and accuracy in the
-four trade, the revuslon in which we were accu-
rate in predicting last autumn that of the trade in
money in the fall of 1886. The Baltimore American
in long numbering article of Wednesday last, en-
deavors to show that certain estimate of !" Stocks
of Flour hand, published in this paper in the last
month of the last year. was entirely erroneous; and
by the help of figures and estimates of their own,
deavor TO create impression that there is no accu
racy in the commercial statistics of the New York
Herald, and that its conclusions therefore I'M
sound.
1t is necessary to observe, however that these
counter statements spring from a nest Of the great
est -four spectators and monopolists in the United
States. The Baltimore American is owned and
supported by persons in the interest of certain mil
lers and -four dealers in the neighborhood of that
city. Like the Journal Of Commerce of this city, 1t
has been the pipe for years. through which these men
have kept up the cry of short crops" great search
ty" high prices" and all that sort of thing. Their
purpose is gain at the expense of the public Their
statements of stocks, crops &c. are therefore TO be
received with many,grains Of allowance; and in the
present instance there is erery appearance het &C.
neral conspiracy has been concocted by the rarious
-four Spectators all srer the country in order to
raise the price Of -four, by creating panic about
crops and stocks 81 this particular juncture. During
the last few weeks we have received certain lmpu-
dent, Anonymous letters from Baltimore, Threatening
us about the publication of eur statistics the -four
trade; and endeavoripg to get us to unite with the
-four dealers keep up the prices and thus to deceive
and cheat the homes. public.
On another day we shall prove that the anony-
nous threatening letters received by from Balti-
more, are identical in their origin and purposes with
the deceptive articles in the Baltimore American. At
present IL ID sumclent 10 say tHaI the puDlc may
rely on the general accuracy Of the analyses and
statements Published this paper Oh the Flour trade.
For their verifcation refer to the prices Of flour
this day at $500, and that last autumn sll0o when
we began our investigations and predictions. The
isolated statement of the stocks on hand in December
last may have been overrated in few places Blu,
the estimate for New York we know was accurate
our general views and conclusions perfectly
There can be no doubt but the movement Of the
Baltimore American, to invaidate the character of
the New York Herald, is part of the conspiracy Of
the -four dealers throughout the country to raise the
pnce Of -four during the ensuing months, and thus TO
fleece the public they successfully did last year.
As we happen to know all the rami6catons Of this
wide and extended conspiracy, embracing New York,
Rochester Baltimore, asd other osr cities, we shall
proceed at our leisure to expose them, root and
branch to the contempt Of honest country. Garb
led acknowledgement estmates-of the stocks Of
-four will not prevent the downward tendency of the
article The public have found est the conspiracy,
and the remedy already operation, IS reduction Of
consumption in erery family. II is highly probable
that in consequence Of the state of the tunes the con-
sumption Of -four in ihis country since the revulsion
will 60 downward at least Is per cent. Economy is