True American. [volume] (New Orleans [La.]) 1835-18??, 1839-06-22
MONEY MARKET.

VIII VTNht ENu <, June
livery few bales Of cotton changed hands yesterday
10 MI up some lots for sh m-nt. To day about sol,
oaka wsr' s"l'L-prices not Yet ransrire The market
- an a"h a. !" can be- Srecu!""r-' hope. almost.
on hand u to ship advances. Great care is ven re.
q".s'e T. Keep the advances within the probable rali
EATON 81 prices.
The New York mail is in, bringing news riom that
wy !" ths 18th Incl usive. Every tn n, in that
Way Wh,i'"wn. STOCKS cotton, flour, &c. &c. were
c'ntnulns I" fall. The exchanges getting WORSE
nuu Ihe Immense amounts Of Mississippi post notes
coming due, lisa. $5WOnn,l with no prospect Of their
ne'!g taken up. only added to the confusion. Difficult
were only occurring in the execution of the general
oonk law, some c0ntending for interpretation, and
o'efs t"r another. The banks about to take
measures to make their notes reeemahle in New York
txchHnge tor the u Western firm a. and it
that point.
It has been discovered in New York tina, the whole
specnlans worl, has been in the wrong. Dealers in
cotton made their calculations upon sllor, CROP with
oss looking 10 the past. The trme causes Of The fall of
cotton am, the actual reasons why it fall still fur
until tins country will lose i2 millions OF dol
ssss ana perhaps untcrs" another revulsio, be
cool.
Ny the official returns in G. Britain, it i. found that
'ne exports 81 cotton manufactures and from that
country to North and middle Euro,,e, for 1885, cumpa.
,s with the average ofths previous years fol-
Co''o" manufactures 1888, s,67OoOon
Averase, years before. uy- l4,70OOC0
Or lsl r"r cent increase, e9,oOo,ooo
Export Of yarns in 1853, 7J9n,OOO
Average' years before, 5300,OnO
Or 40 per cent increase ts,l9o,pOO
Thiss YES total cx"ras of exports Of cotton manu-.
'act"res and yarns over the preceding years opera.
tons 81 l.i9 ,om. Now our export Of the raw ma.
tarial to the North OF Europe dnrin. 1855 wa. 63 900
haas, against q; D0On 1887. No wond r. then that the
prices OF yarns have tnen and the de, and for them
n EnrOp hns caI t.,
cn!>tances and the hsh price of bread s,ucs in Eng
land, we sec the rcnsrn Of diminished CONSUMPTION
with no prospect Of change.
The Cotton circular business had died away. Benz
nett ot''e Herald, gives Mr. Noltt and other sp'cula
Wilder, had denied any agency in the matter
have before us circular gncd by IS persons in
manchester petging themselves work their mills
more than four ,nys per week.
For the above official facts. relative to the exports OF
YARNS, ST. from England. are indebted TO the ~ Y
Courier. Suboincd is that papers notice o, the mar.
ket.
WEnSEspAY Evening June II.
BUSINESS of every kind continues prsentthe inac-
i've aud quiet appearance incidental the as,n and
winch nothing has occurred to day The steam
shp' Western caves to morrow her return passage
mixing out the intelligence OF decline ofny . q cts
pcf H. IN t.On on the prices obtained the period of
the steam ship Liyerroos departure on the 18Th ult.
ana Also OF declining market for stocks md
every Descriptions the effect produced on This sid.
mo water by the advccs receive by the sane vessel
fOrtnish hit .ince
Stocks have agnin evuc.d tcndencv to frrther dc.
cline I" day. Most descriptions closed lower. The
business in sterling exchange for the Great Western lns
been chiefly transacted by the u. Bank, which drew
freely al per cent premium; France SC IS i. "l.
t6'nr, and some few sales h I've been made at ~ 3
~ C. on Holland 70 So. on Hamburg. and 81 Ioc en-
Bremen.