Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-07-24
Correspondepse Of the Herald

LIVERPOOL 4th July, 1889
w. regret that antcipatons Of favorable change the
Cottou market not been realized week alter the
yerpooln sailed the Directors of the Bank Of England
raised their rate Of discount pr restricted
to revoke notice of Both May advance money certain
cures until the 23d July at cent and to substitute 81
cent in place The former If these resolutions being the
first OF interest beyoad pr cent since the reign of
Queen caused much CONSERVATION; but the second by
breaking faith with the Community showed that
gent and could have led to it, and has
duced perfect panic The very best bills accepted by the first
London Bankers discounted last week o. cent aad
pr. cent commission, and paper below that character bat
hitherto was rejected by every bill Broker IN
London Saturday last. - ka
Ofcoure the prices Of all produce affected
than Cotton for besides the prominent position which
cupes in this country, il has from other be
come the yore subject Of attack by the public press most
article, the but there is one
pahhed the Manchester Guardian Of the I'd inst which
although directed against the commodity contains many we'll
grounded vaons that enclose il in this letter.
falling off in the foreign demand has been Nedged the
grand Of the present the supposed dimuuon
many been aedged by turns until it has been discover
MAT demandor either country great any for
mer year. The Tact tha' 10 the falling on ~ me internal
trade home demand in consequence OF the bad harvest to
be trace all the mischief -.
The Of Bread s has caused the great drain Of gold
the Of food TO the classes
much many their pttaacc has barely suced for
daily bread;this has occurred amongst the agricultural
them become Of the manufacturing class
four days per week3 OF
clothing out Of the question
Therefore until the coming harvest which promises aban
change the better the
promising frade This effect hardly take place until
September October, when shall be Inundated with the
% circulars upon the coming crop Of Coan which
from those whose sole object magnify your crop
and deps yosr prices order that they may obtain orders
from their Manchester constituents.
Therefore ow prices compared with the extent Of
your crop deem eedient to sell part at least ofevery
interest lett discretion. ~ I ~ AFN
The Import during last month amounted 70 bales
against 900 IN June isss Of these quantities 500 this
year, and Isl 900 last year from the u. States
The quantities taken for home consumption this year, have
been 600 including bales Of United States growth
ag. 50 400 and respectively to this time last
and there has beena falling of in the import from the United
bales the stock in the port 5000
including 100000 from the United States against 100000 and
3s3os respectively the corresponding period Of 1885,
This report Of imports &c made both June, when
prices quoted fer Upland ae Orleans loa Ala
bsma and Mobile TIA "a and at the time in 1885,
54 81, 81 ~. 81 ST. ~
Now however, they fully "a f not Id per h. under what
they Ave the ordinary purchases of the
trade effected without any difficulty their part at
I'd I'D.
GsAs.-The markets pretty well supported. Flour
tinues Q be worth 3ts6d 35s6d Yours Respectfully,
JAMES MAURY SONS.
we will publish the Circular tomorrow-ED. HERALD.