Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-04-30
HONEY MARKKE.
uu>uamv. Arm 0O-0 p. N.

Monday, APrn sos =. ~.
wall direct todsy has been very calm state There IS
. i. the animation which succeeded the clearing away
Of hs fears entertained the boundary question The
sales stock exchange today have been remarkably small
The market appearance Of gesera quiet and mac
svy but very little difference has been exhibited In prices
Phsnir improved per c0nt Bank of Commerce declined
percent Vicksbusg improved cent Harem per cent
n. Jersey r. r. / per cent
Money csntinueto be "easy by Of the ocntn
we'd inx of country bills OF these estate Bank alone
deemed upwards of 81 10000 last week As this will
be immediately returned upon the country banks little
anxiety apparent their The whole receipts of
country money nthe city, during the past week. probably
s2ooOoOo; fact which would alone render money more
plenty without the agency Of the city bankaanst which IN
stutons there growing feeling deontent consequence
Of their continuing to reject paper having over S ~ Gays 70
This bears particularly hard upon the obbers class OF
dealers who than all Others contribute iohe pohs oil inc
banks Another fact which has far 20 relieve the business
community, has seen tie shipment of cotton, oil which e0
tae a,4h 81 500 O0c has been forward within the Last
fortnight
The result OF the holding policy has n Ear oesnia-
vorable Prices fully realized the ancipaoh oil opera
tors The heavy sales effected Livepoo at advanced
prices concluded the operation so lar as the o"e states
are concerned present Whether those trans
actions eee uredcaed on confirmation of short crop
on the temporary panic by the boundary news is alike
,mmateria question viii the
b. maintained or will ru.ous fail occaoned by the
duction in which generally attends high prices in
the raw matera2 This question in great measure depends
upon amount the next crop Tho present crop allowed
30 bales shert Of last years. This fact IS the
fssdaon present prices The natura result Of
ally high prices material is both to check
sior and stimulate productions The first effect in the Man
chester market to produce great demand for yarns from
cOstnep at former prices lhe continental dealers being
thereto by the low prices Of yarn compared with
This feeling not extend t. purchasing at
an improved price for yarns still I've manufacturers continue
operations This they have been enabled 10 do by the
wealth the, acquired during the years prior to 1887 They
also induced continue labor BY dread Of the
sequences attending the soppage Of large Of costly
chinery aud the dispersion Of scarcity ofbreadstus
Of great numhr Of hand trained to particular line Of bust
ness rc in the material would however,
leave alternative and the harsh csasing
oud alone csuaGe the great difference which at
cent exists between proc uction and consumption.
By the time this sa have been maured the approach
ing termination Of the cotton year will enable to form bet
opinion the influence which the Of the past
will upon the amount produced The dminuton
OF the presest crop without DOUBT the revu
sion which the banks far crippled TO
their extending their customary assistance to the planters
whose operations therefore crcumcriocd and the yield
necessarily short Had the banks, in with
cia affairs recovered their strength and tone the high prices
would have induced the extension Of its cult von
and the crop 1910 thereby increased Resumption how
forced upon the banks by the camor Of the public voice
before they fairly situation to sustain it, The
qusuee that instead Of granting facilities to the planters
they obliged call upon them for of debts that
would under other circumstance have been extended This
seine growing sections has been the much
Distress particularly Ia Msssppthe lands and negroes
The planters have been brought under the
mer state things which anything bat favorable to
welfare Of the crop
On other hand the conviction that the cotton crop the
only for the realization Of their Indebtedness has
iuced banks Of the southern sections favor the
he Of the cotton basis Of fresh purchases
discounts the planters rather han for the redemption Of
heir northern liabilities by which operation the capital ofthc
north has been forced into the service of the planter the
of those merchants whom the burdea Of
discounts has fallen, by virtue Of their agreement with
their northern creditors whom the losses sustained w the
high inland exchange 1897 taught lesson BY which
they have rrohted far require Of their southern
that they shall pay the Of exchange when
heir notcs fall due.
The grad result Of these conflicting policies Of banks
upou the aggregate crop be estimated unit, few
weeks or have elapsed until definite opinion
can be formed the subject material change take
place In present prices
We yesterday made remarks the state Of the Florida
and particularly regard the seuhera Life
Company following the condition Of that institution
IN January, 1888:
RESOURCES. IApiLIrIrs
Discounts, $7os,7t6 Capital, ssoolSe
asec,e. 69,l92 Circulation, lSlo0s
Dse IRE IN baukss 1922 Dcposites; 5000 |
Cher resources, 20Sl9 Other liabilities l0S2S4
selo,7il s9ls7i
ri. "A. condition one since II pursued