Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-11-04

The CoTToN TRADE IN EUROPE. -During the
whole OF the present year, the cotton manufacture
with intermittent vyals Of character so faint and
neeting that the hope Of amendment has been form
ed only 10 end in immc date disappointment The
dminution Of the quantity Of raw cotton worked up
in the manufactor so far this year. may be estima
ted about 200 900 bales less than during the
period Of last year; and although the imports have
been less by upwards Of 300 900 bales, the stock Of
hand is stl heavier by above 10000 bales than last
year. In the regular action of demand this should
be the season for extensive shipment, OF cotton
warns espec tally, TO the North Of Germany and
the Baltic before the winter sets in and the rivers
and ports rendered inaccessible by the ice.
There is, however, no note Of business heard, and
no reasonable prospect OF Improvement can be in
dulged in, for the remainder of the present year at
least The master manufacturers understood to
contemplate a restriction Of the hours Of working,
and to run their mills only during the daylight, by
winch the rate OF earnings would be reduced by
about one half, period Of the year when from the
rgors OF the climate nature requires more nourish-
ing food and fuel becomes absolute necessary Of
life.
Wherever cxtc rnally we direct our attention
approach TO remedy or chance OF opportune alter.
aion OF this depressio, can be detected.
The markets Of the United states have been so em-
barrassed by the continuance OF monetary derange-
ments there, as to preclude the possibility OF relief
from that quarter The late disastrous occurrences
in China must tend TO embarrass the whole course Of
our Indian trade and 10 check the activity Of COM
merce there, and tend to impair confidence and re-
America is either absolutely closed against traffic by
the hostile ope raons Of begerent parties, or ren.
dercd barren Of resource by the prevalence OF ntes
tine dissensions and civil war. With the continent
Of Europe our commercial relations may almost be
said to be wound up for the year. for the great fair
at Frankfort, which serves as the barometer OF de-
mand by which the extent 81 subsequent operations
is to be regulated, has in respect Of British manu-
factures, proved extremely unproductive, and pre-
sents perhaps the most signal failure since the es-
tabli shment Of the Prussion Commercial League
The destructive effects Of that Union upon the COM
merce Of this country have never hitherto been so
decisively exempfed on this occasion, with d
concurrence Of circumstances, too, which fairly
promised and ought to have led to issue infinitely
favorable II the principle 81 the Pruss'an la
riff really were, what II processes to be, protection
instead of prohibitions for, exclusive Of the heavy
speculations last year in corn, and continued this
year, in the Prussian and German ports, all or near
" all paid for in bullion, 10 notorious that the at
tendance Of English woolstaplers at the Prussian
and Saxon wool fairs and marts has been this year
much numerous, and their purchases upon
more extensive scale than usual. so little, however,
have returns or exports been influenced by these
extended imports, in the natural order Of cause and
effect, that proposition held to be undeniable has
been reversed, and IN proportion we have import
ed more we have exported less; from which may be
deduced the real worth Of abstract and arbitrary
theories when tested by practical experience.
The forty of fifty millions Of pounds Of British
yarns exported T. Germany are as much the life
blood Of her manufacturing system as the eight or
nine hundred thousand bales 81 American cotton are
absolutely indispensable for the healthy sustcnance
Of the cotton manufactured here.
Nor is that depression in reference TO the cotton
industry, confined 20 this country. In France the
stagnaton is equally the cause Of general distress;
in Belgian its deplorable consequences have result.
ed In the inceuarisms, the Instructions, and the
bloodshed Of Client.
BY the usual official return Published by the Gus.
toms, the exportation Of the precious metals from
the port Of London to foreign and colonial ports, tor
the week ending the 10th October, 10 AZ undsr;-
Osn>es
Silver coin 10 Hambvrgh eSme
Rstterdsm, 5000
Monte vi.ec, 80
British Wet Indies, sis
Cc,l Coin 10 HamtursA, ans