The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-09-29

rancs and cents I'll LISBON, oU Dig, o2a
milrea; Genoa, 3m 25,9ll lire ne. and cenl for sg;
Legho 30,224 le. for I'll stg.
BuLLIos rEn 0z-Gold standard 49, Silver do, +iIt;
,009 weighing, about $50 OF.
The Of the circulation and bullion we publish
ed exclusively the arrival last steamer The in
hsbitants Of the manufacturing districts slowly
turning to labor and the difficulties from that quarter
apparently at rest for the present The low prices
oprovsons and the antcipations entertained Of crop
OF cotton exceeding 1000 900 bales giving for
an exceeding low rate of that material hopes Of
largely increased home trade. The foreign trade Of
England offers prospect of Improvement Money
exceedingly plenty and the discount rate ws cent,
and there was scarcely other for the en-
poym Of money but go into the stock market and
consos rose in consequence. 1t complaint by some
oil the leading Of business that the miserable
rate Of two per cent for loans not to be obtained Cou
pied with such complaints the expression ola hope was
INDUCED in that notwithstanding the great difficulty OF
placing on moderately advantageous terms the
efforts on the part Of nsolvent foreign States to
effect additional borrowing In the English market
might result in disappointment The United States and
Peninsular Governments among the foremost in the
rank OF applicants but London paper remarks:-
So gross have been the financial preceding Of the
pear to do for revival Of the confidence they have
thought to abuse mockery not to be quieytolerated
The Americans may well proceed at once to the dis
charge Of the dividends their foreign debt, would
unquestionably be good policy to do to say nothing
the obligation attaching to the matter The time has
gone by when the public be led sstray by the
Of great contracting houses Such firms are evil
IDENTIFY still looked to by foreigners pretty medium
for plishing the objects aimed at they will not
however, succeed. Like Spain and Portugal the Amer
have by their dishonesty stripped themselves Of the
valuable privileges they long enjoyed borrowing
States
Nan anomalous spectacle now exhibited in the case OF
three nations Money is to be had every requisite
dance in the London market exceeding or
n AZ
further accommodation and the able negotators
employed for the purpose of procuring it, yet neither is
held to be trust worthy for additional shilling. sucha
condition of things surely that should lead to lit
tie sober reflection, and to change of system that will
tend restoration of public credit in quarters where
has suffered to the grevous extent here indicated The
quotations Of some stock were nominay follows
LONDON, Sept 6-Indiana 6ves o0t Louisiana sterling
fves, 80; New York fves 1885, 76 Pennsylvania fves
1860 "a IS South Carolina fves, Palmer) 72l; United
States Bank shares, Is.
From all these facts there is nothing favorable in Eng
land to American commerce to be drawn. Money pen
ty to be sure but the United credit
it. The ullness Of their harvest blessing them
but cuts off the sale Of ours The Righteousness of
ney and the low prices of food favorable large
inland consumption of Cotton but the supply great
and the English foreign markets for goods limited
hope that will improve in prices; the contrary hes
given The future prosperity Of the United States
leBlsidtOup
independent of all considerations of the policy of foreign
powers The majority of the people Of the United
States depend upon the sale of agricultural produce and
every effort should be taken extend the market and get
as much and as cheap in return possible
There has been again fair business in exchange done
for the steamer The have been very firm may
bequoted at the close follows =
Runs a. e e F0'. 1y Bills d Nsc YORK. >,
London, ,sS.7 LUX ss.s ~ -
B Bs%s@'s 3 SKA 3 s * ass e 7s: :s
Specie continus to flow into New Oreans-$34 696
received the 2oth by the schooner Waterman from
Maanzas
Sir Horsley Palmer is still attending to the remnant Of
the North American Trust Company in Wall street. He,
with James B. Murray ESQ., after earnestly lay ing their
heads together, have concluded that it is great
shakes" a. the Yankee said of the London earthquake
The federal government have obtained little money,
appears, and have paid small debts The receipts
from the custom house have been for the past few eeks
pretty fair owing to the fact that of the goods
dered under the prospect that tariff would be passed.
have unexpectedly been caught under the unexpectedly
high rates imposed by the late BILL the importers have
suffered by falling into the trap.
The general state of commercial affairs is exceedingly
dull in all sections Of the country Some business of
has been transacted the far short
OF that which should and would have been but for
unwisc legislation which has sought benefit class
at the expense OF the Others and which has resulted in
scrptural phrase like putting cloth into old gar
ments, the rent has become greater" There is
whenng of agricultural producsi in the west ready
to come forward. Money also abundant, exceedingly
So for all legitimate business purposes still there is no
movement The reason 10 apparent to little reflection
The quantities Of produce large and prices very
low low they there is guarantee that they
will not go lower. The late tariff s calculated to work
immense change in the of business with those
countries, which properly nourished would become
best customers France instance In 1889
worth of silks imported from that country free of du
ty By the tariff there is imposed upon silk piece
goods 81 per h. which is equivalent to ISL ad
valorum shawl lace &C. $3.50 per h. equivalent
per cent ad vaorum And these duties paid
in cash. IT. therefore, instead Of sl6 600 900 only
900 were imported, those engaged in the business
must pay the enormous of $3,333,OOO into the
Treasury the arrival of their goods and when the
goods into the hands of the ladies who
them they will ask 81 so per yard for the silk for
which they formerly gave 81 90 only. The burden i'm
posed upon the importers by being compelled advance
the duties to the government is such compel many
of them the business Instead of $40 900 OOO
probably not $3O0000O will from France the
wine imported will be affected in the same degree How
then she pay for the tobacco alone which she buys
independently ofhe large quantities Of produce of which
she stands in needi The whole business will undergo
great revoluonal the old markets and currents OF bu
sness will be brokenu up. France exports Agiers Mar
Unique and Guadalupe large amount of grain every
year. and this year probably that whole demand would
from this quarter if the trade BOD former foot
ing The whole is, however, deranged and hs western
farmers daily seek in vain Of the banks and dealers ad
their produce Who will advance in falling
MARKET The sagnaon Of the produce market produces
thatof all others.
Sales at the Stock Exchange.
SEQ SEC ohioSs 1850 So e. $50 ,ha, Harlem, SAN le
1900 do 1850, 12K 50 do Long Island, 501l
1000 Kentucky 6,s, 1871, ~ 2O0 do 5O55
Is shas Phenix Bk 10 $50 do So15