Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1838-09-06
tv~siGp Csrepssae.ss = ~ Herald
Lsvnaroox, Aug. I, 1854



Since Mr.. Bennett wrote you, per "Grest Wes-
tssn," on 20th ult., although we have net any new
feature Of interest TO notice yet some improvement IN
the manufacturing districts has been manifested, -
well in oettsn market Our sales for the week
ending 9th July, Jos viii observe from the annexed
particulars, amount to 24960 bales, Of which were
American, 1890 bales. Taken on speculation dur
ing that PERIOD $50 American and 1860 Egyptian
during the last four days. the demand has been active
from spnnsrs but only al our former quotations, our
sales amounting to ID 600 bales, of which 1000 are on
speculation. The opinion gains ground here that the
next years crop will be 200 eco bales shert Of last
years, an opinion which seems to be confirmed by
the private letters brought per the Pennsylvania.
These letters advise that not only has the cold spring
had deleterous effect spon the growing crops, but
that hundreds of acres upoE which cotton was grown
last year, are planted with new produce. This will
certainly have very great effect in confirming the
determination Of the larger holders and especially
HUMPHREYS Bddle, to keep $50 TO 200 600 bales Gu,
OF the market at present till the demand becomes
more spirited. Whether cotton will be higher or lower
during the present year, depends upon so NANNY ex-
traneous circumstances and contingent events, that
It will be difficult to hazard an opinion. Il 10 very evil
dent thai the sPnners at present. and for the last six
or seven weeks, have not been purchasing sufficient
TO keep up the average weekly consumption, which
VIII al least be p 600 bales per week but many Of
them have been drawing on the stocks which they
Land m during the four weeks in May last when the
sales averaged 40 600 per week.. When this surplus
gets worked up and the miscellaneous houses have
disposed OF their cotton, there is every probability,
Notwithstanding the unparalleedly heavy stock, that
the three b. = will then demand higher prices. We
must however keep in view that the orders for goods
from the United States are much less extensive than
they were generally expected to be, and also that the
inquiry for yarns for the Dutch and continental mar
kets generally closes about the beginning Of Septem.
Der. My own opinion regarding the stock of cotton
at the end Of the year. is that that there will be at
least $50 600 bales Of American on hand.
In our colonial markets, nothing has occurred Of
much interest. Sugar fully maintains It's prices of
last week. The demand for Coffee has been very
extensive and extreme prices have been paid There
have been no purchases of Carolina Rice for exporta-
hon, from its high price, few lots have been taken
or home consumption, at 36s per cwt, duty paid.
MANUFACTURERS DIsrRIcTs.-I am glad to say
hat the news brought by the mails this morning
wears more cheering aspect than il has done for
'everai weeks past There was a very brisk demand
or yarns IN Mancnesleryesterday, and in somccases
ligher prices obtained; the demand for goods
vas also animated, although buyers would not con-
TENT o. any advance in prices. In Rochdale, also,
ne demaud fer Aannels. and at Leeds for woollens,
has been pretty animated and prices have in conse-
luence rather advanced.
In Lendon the stock market has been very fiat |
Money, on good paper, can be had on lower terms,
ay from u per cent. II is said that the fairness
the public securities has arisen from large specsa
aons IN bonded corn arising from the prospect of de-
hcient harvest The influence which the grain market
here exsrts commercial prosperity is nconceivably
great and will scarcely be credited on your side OF the
Atlantic This arises from two directly from
the enormous amount of capital invested in sgreslu-
raj produces and, indirectly, from the influence which
he pnce Of bread exercises upon that OF labor The
'u1ject is one Of vast importance TO the commercial
and requires larger space than l can al
present devote to the analysis Of modes Of action
The accounts from the agricultural districts are quite
conflicting arising from the different kinds of soil |
Crops on igh, districts will be very good while on
he heavier soils they have been much injured by the
vet and damp II is said alss that the grub that des
roller of grain, has in many districts commenced its
avages From all accounts am induced to believe |
hat the crop will be considerably below average and
so, you must be prepared send plenty Of isur
Wheat has advanced from Is to p per quarter since
asst weeks quots,ions.
As to foreign there is nothing very particular.
observe from Gaignsni that treaty Of commerce
aas been signed at Vienna, on the ID ult, betweeR
this country and Austria. Its parscuars have not
ranspircd, altheseh it Is described as being very
Important document The Pacha Of Egypt il desi-
'oys IT is rumored Of throwing of the allegiance or
rather authority Of the Porteat least 20 far 40 re-
CARDS the interest and future succession Of Ibrahi
ais soR. Ii is doubtful whether he will sscceed e.
socially n Rusesa will have finger in the pie Of
domestic news you will have . conplete budget on
yovr Giles Of newspapers from which you will be able
70 make such selections will suit your America
readers Parliament is said, will not be prorogusd
ill the beginning Of September; and in order to in
iuce members to renan in town to late perisd,
several state parties and cabinet dinners have been
measure has been announced NJ like
y TO take effect in the cousse Of the present session.
which will be prsducuveof great benefits to our com-
mercia and social community. allude to the re-
port Of the commissioners Of enquiry INTO the post Of
Ace department. appointed by Parliament These
commissioner have recommended uniform psssaes
Of I'd upon all letters less than half ounce with Id
additional for every other half oancsi Postmaster
Generals Office 10 to be abolish ed and several other
arrangsmeau in conformity with the above plan.