Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-06-01

We received from the south information Of highly
porsn nature relative to the growing crop IN our as. Coy.
.nianer then was in the hope that the next
crop proving abundant would force ~ price, d
here and IN Eaand may the desired effects maay events
conspire to the confirmation view The stock has been
ara held by merchants and dealers this side,
assisted by the banks the purposes oi speculation The
banks are n preearious stuaen The stocks on when
they depended for support, not ~ 81 the NONE,
market there Influenced by the Bask OF England that IN
suon been forced BY the rapid decrease o. her bullion
"a cur her circulation and the rata Of interest has nesa
ry improved This has al the sane time checked the
sales OF American stocks and eramPed the q ne
Lancashire pinners TO such degree that a. ~
mills are working half time and entirely sL This state
OF things Is working serious reduction N the connmpon
while the exports 10 the continent have decreased a. great
proportion The Liverpool demand therefore scarcely one
third the weekly average OF last year In the mean ume e
necessities Of the holders here WIN obse thes 70 force their
into the market The principal holders eeen
with knowledge OF the shsrt crops onnden IN an m
crease o rather rductou On TINS subject
we have received circular from Vincent Nolts wherein
he estimates the increase Of consumption per CEN, us
his view the 81 certain liverpool cotton brokers'
a. EXPRESSED In December las This view undoubtedy
having reference 10 purely mercal event bat
since that time both and England have
taken place Of political nature TO exercise mos'
unayorabe influence the and through them
anon IT, pres Of the raw material These have
sster crises which arg not yet settled In France
the effect has been totally to dsarra conmerc'al
far 10 affect exchanges drain % bullion from the
Rank az En,and 40 bcdoms Of alarm, and
call forth measures from at that in great degree
affect the interests Of our grea{ staple. IN England, ne
change Of ministry will probably We nauh with yc more az
astrou to the manufacturing interests
which Mr. Nolte has not taken INTO vew ana wEsf
ba,, entre, CHANGED he the with regard q
the probable consumption which, 90 r irsm moving an y
crease Of four per cent, will, IN alQ pro&sy "
cent -.
The merit question is thu probable amount o. me srow,s
crop This from the iscrmaioJ have received and wh'ci
most I've estimate AZ an increase
40 per cent IN the states n Lork;ana and Mississippi tn
high prices Nave materially led TO he planting Of increased
quantity AID shv. r the season Las been favorable The A.
lantic States have ia their planting am
turned their attention 10 six growing or which the climate
Georgia particularly favorab Ia Florida the cotton crop
promised we'll before. lFrom TEXAS there viii also
increase A. general vw may therefore estimate "
of from 10 10 30 cent last year
In summing up all these causes having bearing upon "
rrice that il the political stak France and Engandh
% commercially affairs incident upon that stat
the situation and Bank Of England aud h
weakness of bsnks In th South arising from the failure
sales Of stocks in Londone policy OF the spnsers ~ pu
chasing from hand 10 the increased crops which
into market In fo monthswe are Of opinion tha
prices touched their highest peni and me eios
Of the rear, recede from th3 present rates.
Teba}E rec Trade.
Since September last, article has commanded very ing
prices; mnch that 81 the commencement o. me yee
manufacturers in Virenik IN great many instances cuae
their operations the high prices Of the leaf not yiedng
profit IN the manufactures The high price Al me same Vim
stimulated production hi in Virginia every exeron has pe
used plant the extent The soi however 80 "
f.I lk~t 4. - - ~. hal