Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1840-11-28
Bills on Enyiord.

baltimore, 25 siaiO ssiMts isait' isals~
The security of money in this city has caused
creased demand for sight bills this city, at all points
The markets have also been good deal operated upou
by the uncertainty in regard to resumption Where the
opinion has predomnated that resumption will take
place, bills have been freely taken adv rates.
the expectation that in such the advance will be
lage other points, purchases have been SMALL In the
expectation that the rate must rapidly improve between
this and the 10th OF January when the resumption
peeed In Mobile the rates for bills New York. in the
local currency, 81 cent? and the premium spe
Gle is the same indicating that the real ndebted
that point New York not large and the rate
fall at per cent if the banks of that state
sumo which a matter Of great uncertainty, as they
bound to do by law but merely in OF
the force opublc opinion This they may disregard
former The rate Of sterling bills il win be
less of the southern ports than in this city
At Mobile, the is 10 iOi per cent in currency de-
precated per cent which 10 about equal PCT
premium New York currency, per cent less than
the rate here The demand in this market is great
and the Of orders gone abroad for goods
6ciently large the belief that the demand will
increase fast the supply The recent peculiar de-
mand for specie for shipment in this MARKET has induced
the movement of silver from points Of
ference to other Of remittance The consequence
has been influx from the and west at the
time that the demand has hat subsidized and the
have declined. The following the ratest day;-
Mexican dollars. iaiI prem Spanish dollars, prem
American hf Z" doubloons, $40 bOal6,o0
Five franc pieces s4se5 Patriot ls,7osiS,s0
coming year the ofthe cotton and tobacco
growing states pay old debts to make purcha
goods will be greatly increased through the fall Of
those articles Of mpon which they purchase ofhe
western wheat growing and grazing States This will
be the the probable low price Of cot
ton the prices of the goods will fall in perhaps great
proportion very accurate estimate Of the difference
the fall in provisions will make 70 the cotton growing
sections may be Appropriated by looking Little into
facts large proportion Of the -four, pork aud beef
sumed in those sections is the product Of the western
States from which they purchased, and payed for in
bills the This forms the basis Of the banking bu
sness la former years the prices Of these articles have
gone up enormously high under the influence Of bank IN
naion while the rise the prices Of cotton has borne buf
small propo ron IL The direct result has been thai
the profit. planters have been diminished for each
dollar that those articles have risen above fair price In
Europe the average consumption Of butchers meat has
been estimated by tho celebrated economists at from
30 to 40 Ibs dual per Prussia
yearly 900 900 lbs Of butte NEST with population
oOo which about - lbs average Great Britain
consumes $50 lbs with population OF Is 900,
or an average of 90 lbs each Throwing II into ablsr
form it is follows
Pora'a oss S,s, .s'fG c.s 'a ssss
r.s. Loo Ss IS S ., g, ls. aiss sess
The average consumption of in this country pro.
badly higher than either Of theses but will assume
the average consumption Of England as that Of the cotton
growing ststesthe consumption OF corn in England "
computed average Of eight bushels annum 10
this country the consumption is probably loss, from the
the consumption OF meat IL larger may BE- es
TINA at an average Of barrel flour Eve bushels
per annum. II We take the population of the cotton
grow ing states arrive at the difference Of indebted
ness Of the south west, in Of high prices,
and in asesson OF low prices The population of the cot