The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-08-23
MONEY MARKET.
Monday Anpnsf OFF p M

The stock market has exhibited improvement to-
day. Kentucky rose per ct Ohio do and N Y. rs.
1852, do; L. Island fell l. Sales OF bills Philade
phia Baltimore, par Boston, New Orleans, Mo
bile, 50 dis; Cincinnati, a a; Union Bank Florida
80 aa5; Southern Life and Trust, 80 a 81 Indiana $50
scrip, 40 a As.
The Calhoun from Charleston brings SGT 900 specie
The accounts from England by the last packet give
pretty indications that low prices and low OF
interest for money, have begun to show their inevitable
results in increased activity Of business. The
Of trade has been in great retarded by the
apprehension Of short CROP and high prices
of food, state of things that has immense influence
upon the home trade When bread is cheap, manuiac-
lures always prosperous During the last three weeks
ending last dates in consequence of the favorable
weather. the price Of wheat had fallen per quarter
l6 per cent The London Bankers Circular remarks up
on this fact as follows:
Therefore although our opinions as to even
ual lower prices, which nothing but very unavorabe
fall Of iS or II Der cent within ateen days. betrays
somewhat unreasonable degree of alarm under existing
circumstances. The mportations doubt will be large.
Liverpool alone received day. July the 25h) "a
724 quarters The dealers have taken OF bond in that
port more than 100000 quarters at average duty of
about 9s the quantity being to the odd OF July 81 900
are 50 900 quarters
"Money is very easy the leading bill brokers freely
take in the best bills to discount at the rate oftwo and
three-quarters per cent. per annum"
al. That far Lancashire and the loom-manufac.
lures Of Yorkshire concerned the point Of
has been passed and think this receives
confirmation from the fact that there sold last week
in Liverpool 81 900 bales Of coon-hat being
of $4,000 bales over weekly supply
90 That for at least the ensuing two months, employ
will be better in Lancashire Yorkshire ause,
in addition to the facts stated in No. the people will get
outdoor labor in the fields
3 That if the harvest should he gathered in good
dition and food should become cheap with favorable
weather) we have long expected would become, the
do and
Scotch trades will improve. Stocks of goods held by
ahopkeepers and warehousemen generally speak
ing, heavy Whilst they continued to fall in price, those
parties refrained much possible from buying they
have not fallen for several weeks past and there gem
ton Cotton Chat is to say, the leading quaties) is
selling in Liverpool at from 3td AID per pound and
the products made from at quite low proportion
ate value"
The same effects which described lately in oper-
alton here--marxing the transition from high to low
prces-appear be going abroad. The print works
and cotton factories of Lancashire, were many of them
established IN high specializing times at an enormous
pense. These have very generally become bankrupt
but instead Of selling the works. they have been valued
from IS per cent TO 80 per cent of their original cost
and notes given the creditors for such that vau
ton wond warrant, in discharge of claims The works
then continued and pay apro where
before loss sustained. For instance concern may
have fl0000O and fails This valued at fo50oo,
ana continues ALL therefore, that yieius over tne IN
terest that Gas 900 profit This creates severe
competition for the old solvent concerns, which in their
turn find reduce expenses in other respects
Cheap cotton cheap labor and cheap machinery produce
prohfably cheap goods. at a moment when the fall Of
bread increases the purchasing power of the people
these are elements of increased business in England but
the same causes operating the Continent may prevent
any increase in the export trade by which the Bank may
De aoie TO expand in proportion inc demand
'or money growing out of the improved home trade
Hence as that demand increases the rate of interest may
rise.
Under the system OF reduction going on in England
their goods can be sold profably perhaps Is per cent
than formerly This equivalent to a reduction in our
tariff to the same extent and corresponding reduction
had not been going here the country would have been
filed with goods As is the orders from this side have
increased And now, when there is little prospect of the
enactment Of tariff laws for several months least
may be margin for large imports. There is harm in
this IL produce is taken in payment but the Government
requires revenue, and that is all that the country
now requires. The recommendations TO make laws to
compromise the whims of politicians ridiculous. In
common honesty, there is but point of consideration
and that is how the Government get the most
with the least burden to the people, in order to sustain its