Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-08-24

stio II is therefore evident that sspfag ~ vis1ps
thas sresussd y the incrsAsiss W. Of s con-
manty especially season when our crops prsne
sbundancs than sver before realized an N hn@a
The question of payment for fall imports then necessarily
arises In looking round the which we possess Tor
that purpose that by taking the state exchange as an
index Of the balance Of trade that balance gh IN our
favour at There amount OF COTTON ON manu- I'd
Liverpool equal about $92 at prices on TINS
probably half has been already advanced leaving ABOUT
81 available an which will be nearly sufficient
to meet the demands until the crop Of cotton is in the
market The sale of that crop depends however great
re upon the state of the crops Of England Should the
fears entertained latest dates for its safety be realized,
great revolution will doubt take place In the channels Of
trade The consumption Of cotton will be greatly decreased
but the granars Of Europe nearly exhausted the heavy
demands upon during the past year. while the growing
particularly that Of francois represented be in As bad
or worse condition that Of England The denc, Of
England must then necessarily supplied from this country.
That amply able to meet the demand to the extent Of
SIS article Of today headed trade fully
This operation of buying from will be douby bene
fetal England nasmuch Dc demand the proceeds
in coin but in goods, Wills at the time supply the
raw material manufacture. The demand from this country
for manufactured goods constantly increasing with the in
creased population while the demand from the Contaen 10
gradually decreasing shown by the following table Of
ports yarn from Liverpool for the first six months Of this
year and last:
Exports of Yarn from Liverpool, for .ir months.
1888 ss,a1sAs7lh
1889 81 2396l5
Decrease 80 per cent or l60ss,s $50
The decrease principally the North Of Europe fol-
lows: Decrease to
Austria sirn Sa4Iso Turkey $3.50
This decrease in the Exports Of England arises great
iron the Of manufactures the continent
H. of the do tee,
pace with such increase Such being the case England
henceorth look to this country her best customer
The export Of large amount is feature in
export trade which than all others will tend to
promote the consumption of manufactured goods for the
that the producers of grain who the largest consumers
Of merchandise will thereby be pat possession Of
for their purchase and export Of $5socOOo
breadstus will the direct increase Of the imports
Of the country to the amount This would in turn
create demand for cotton, which will nearly
balance the decrease in the exports from England to the
continent Therefore should nothing Of political
teene should the crop fall short in England there
every prospect that exports England will fully equal
imports from there The balance which has hitherto apparently
bees favor England and against from the fact that
London the great commercial centre all bills due for
continental debts have been drawn The actual balance Of
trade has been rather favor of this country but the financial
balance growing out Of the American paper drawn Loadon
and floating the continent has been against This fact
evident from the comparative table ofimpor which publish.
ed last week. showing that the decrease Of aggregate imports
during the year 1885, while the
Great Britain was %, 225 only.
Nearly the whole Of the aggregate imports made payable
in London, and decrease the Of 50
sensible relief to the market The decrease in this
will probably be still greater this year. from the fact
commerce increases in the European States their communca
ton with the South American ec and
therefore requiring less part of American
merchants
From these data conclude that consumption Eng
sh merchandise will be large for the coming
prices Of the ooar money system
We have however amply the Of paying for them The
great difficulty will be in making those available
moment when the demand will be greatest daring press
Of the fall mpsatisns. That point safely passed shall
stand hrm ground and have time reconstruct
uniform than that which possess IL necessary
easily spare 9o0oo 900 for few months il
gular calls Of trade require without creating any unnecessary
alarm.
sales as che stock Exchange.
- shares w. States Bank 1885, 50 do 1884, 80 do 0e so do
1854 to norrew 10 DO b Connerce io full stoek-5o do
ST. de Manhattan Bank l10A 90 do Dry Dock SET
100 DO so days SSH is do An. Exchange, s2 s24-l26
do Del HUDSON, g. so do week 6s, 80 do IS
dc this year s7i IS do acIt week $50 do N A. Trust
60 10 do 6sa do 6ss, IS do 6s DO days g. rs DO
30 days So 30 do 4h Sept g. 40 do week sea- Is do
$40 Kentucky Bank, 7st IS do SO d, 49, 80 do 7e
30 do Morris Canal 29t 30 do 2ss do l7h Ward Bauk ss-
20 do Canton 33 30 do 3-2o do stonnetsn "a 10 asa
rs do Utica Rail Road l6I-s0 do Harlem r. ISL 100 do
30 days a. do do days a. 90 do 90 day. asa
Cotton Trade.
The Of Gotten al reached the market
small quantities. and notwithstanding the cries Of injury done
TO by draugh quarters rain in other aud yrrmn in
other promises WE'LL There many however which
lead think that large quantities will not be resolved
Ill late IN the season. the low and the prices still
tending downward besides wbick there Is sickness in some