The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-10-20

ceedingy small stocks all over Europe also the
held out to European growers of by the
operation OF the late tariff thsa prices would ;probaby
continue at about their present level
The manufacturing districts, were upon the whole
slowly improving most oil the hands had returned work
The demand for goods had not however with
the increased supply growing the renew of work
The iron masters had advanced the price Of Welsh bars
los per ton there little chance however oobanins
it for the presnt.
The news from abroad was not looked upon In favor
able light THERE glmmer yet of return of conf.
dence in American securities. Some of the gentlemen
connected with the loan have returned and
give gloomy account of the standing American credit
Some disposition manifest to buythe low priced stocks
those ofthe delinquent States, in order make low
average cost in the hope of ultimate payment The high
priced stocks utterly neglected They all placed
apparently upon the footing in relation character
The prospects the cotton market connected with the
manufacturing districts gloomy. The
effect of the accounts upon the stock market
ageneral decline at the Board. Kentucky 6s fell d Har
lem ]; Bank of Commerce /; Delaware Hudson 1; Mo-
hawk
CM'Alister. Esq. who went to England connected with
The agency of the United States Loan has returned by
this steamer also Sas M stilwell who on bust
ness from the department. 1t appears that Mr. Robinson
rst arrival some of the Leading houses seemed disposed
to give him favorable hearing but ON consultation they
arrived at the conclusion that if they took the loan
must be SO on their own account that they would find
impossible to dispose of any part, that public opinion
would be against them and the press would attack them
consequently all connection with II was declined The
feeling was greater against the repudiators on the con.
tinent than in England. The ability Of the London houses
to take themselves may be Inferred from the fact that
arich hauca Of norip nvoth r.
specify their business profits subject the income tax
stated at but few hundred pounds for the last three
years Another leading house made similar statement
Thiss not to be wondered st. when consider the i'm
depreciation in stocks with which they were con.
nected and the disastrous results Of the cotton trade for
the past few years All American stocks put upon tho
footing sn vain to preach to European capital
lists that New York and the federal government is better
than Illinois and Mississippi while wealthy New York
merchants are guilty OF the most glarng Of repudia
ton and leading political party in that State bases ts
claim for power their intention to repeal tax So
credy pledged the redemption of loan obtained on the
strength oft The same spirit say they pervades every
section and the same opportunity would produce the
same results-a people cannot be separately dishonest
and collectively trustworthy <h
1t seems, however that the knowledge Of the immense re-
of this country is becoming Disseminated
and also the conviction of the necessity of extend
received with great surprise regret but ma
ny of the leading manufacturers publicly significant
ly stated" tariff tariff" there will be lack of goods
in America. General Duff Green, il appears, has made
Surprising progress in attracting attention to schemeof
his which has the object of reciprocal treaty by which
the produce of this country shall be in exchange
for English manufacture The General is in high conf.
dence with people the ministry and hopes obtain
the appointment Of delegation to confer with the
State Legislatures during their coming sessions by which
plan of mutual intercourse may be concocted The ne
cessity of some plan by whichhe toerng manufactur
ing interests Of England may preserved from the
tnental competition which is crushing them has caused
leading to lend willing to proposition of
the kind. The foot however is like the wild vi
sions that pictured forth in the famous cotton let
ter' OF General Green in 1885, 1t will have the effect
however of drawing attention the importance of free
trade and ultimately of doing away with that oppressive
protective system which the voice Of tho people the
late elections has justly condemned The modification
of the English tariff has already had wonderful effect in
placing the necessities of living within the reach Of
the aboring poor. In relation to this make the follow
ing extract from the London Bankers circular =
We must no, omit to notice the first decided symptom
of the shaking and crumbng down of that IA
brio, the agricultural prosperity Of England Ths Gov
eminent contract for beef and pork has been taken by
German firms at appears just about AID per ID the
pork and AID for the beethe fierce being weight
The fall in price from the contract of appears to
be about % per cent confirming what have always
said concerning the effects Of the Tariff The following
gives the names of the contractors
IMPORTANT Provision CoSTRAcr.-The large annual
GoIernaeSt contraeSspr supplying the Navy with Irish
provisions taken yesterday afternoon at Somerset
house The quantity required was l6 600 erces beefand
900 tierces pork 1t was taken by London houses at
from los to los per terce below the prices Of the Irish
manufacturer.
Beet-Cox, Heisch Co.. IL, 500
f''MSwihey.' 3,o0o