The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-01-24

FnrpAr, Dec 81 The En- lish Funds have shown in
creased aInnes today and towards the close Of bust
ness further rise of fully per cent took place. Con
soils for the opening heing last quoted at So TO The
Three per Cents Reduced to ses 3; New Three and
Half per Cents, ess to !; Exchequer Bills, IL to IA
premium.
The approach of the January dividend tend to create
afeelng in favor OF RISE and the accounts from the
manufacturing districts rather better II was also
reported in well informed circles this afternoon, that
Lsrd Ashburton would proceed special mission to
the United States as his labors arding the
Exchequer Bill Commission had been brought TO ster-
mination.
The coupons the Active stock up to the LIST of ia
nuary lS4 will he cut Off and the Three per Cent Ac
tive Stock given for the in exchange which stock
by the decree Of the 2ls Of January is also made pe
ca receivable in the purchase Of the property oil the
This settling day in shares and heavy one,
the bargains Of late being generally for times and hence
in many this sort OF Investment bears fictitious
value The jobbers state that this course OF dealing
is resorted to to obvisc the delay arising from the inabi
lily to transfer the shares immediately but it Is poor
apology for encouraging species Of business which,by
creating excessive fluctuations, generally ends in the
ruin OF those engaged IN it. Money was sSieraby pien
Great Western left off 81 to ST. do 81 to Il do Fths
Toto Brighton 3ss; BLACKWELL III to -; do Is
birmingham 20; Manchester and seds 10 to II; do
29 Midland Counties So; South Eastern and Dover
-; do new 10 to
jan s-There was not much business transacted in
the funds Saturday. The almost unvary ing price Of
Consos for the Account ito be settled the 4th inst
wac ss buyers and sellers feature deserving remark
Bills is that the premium upon large and small bills has
advanced to lis India bonds have touched premium
the highest value that has been attained for considera
Bile time past. ank stock has advanced to 1861
In the past year, Mexican Bonds have fuctuated be-
ween - and 81 IL Brazilian between 40 and TAT! Por
tuguese Five per Cents between 90 and 81 !; and Spa
nish bstween l7s and 25s All the foreign stocks have
shown buoyant appearance. The market for Spanish
stock was buoyant Saturday. The value Of the Ac
the commencement Of last year. and that too after fall
tol7i The bonds Iopened at rs to J. Mexican bonds
than has attained for very long time past The
dividend which will become due the LIST Of April next
will be, we are assured, shortly advertised Chill and
Mexico will then be the only dividend paying states of
The last price Of Mexican Bonds 90 both, for
trsn at l09 Belgian at l0l and the Dutch Two and.
aHa per Cents at without the halfy ears div dend
which was in the course Of Payment.
Some idea ofthe luctHaton Of Railway shares, oc.
casoned chiefly by speculation, may be obtained fro
the extreme prices oftwo principal lines from the first
Birmingham shares have been at isa and IA the latter
without the new shares, and the Brighton at 81 ls to
4S "a
LONDON Com EXCHANGE, December 2l-The supplies
oflrsh Oats are very large being about 600 quarters
OF other kinds Of Grain and Flour the arrivals
S fo0s reach MGoay
ed, with little doing.
$50 Irish Oats 36,32o Foreign Wheat 2,as0; Oats
1910; Flour 3,4l0 sacks.
STATE AND PaosPKors OF THE Corros MARKET.
The circular Of the Cotton Brokers' Association for
the year is4I which is now before u.s. affords us an op
porunity Of offering few remarks upon the present
condition and future prospects Of this important brench
we shall endeavor to bring before readers in
cnct form, the principal facts and figures which that
liable document presents to our notice.
The total import Of cotton into the United Kingdom
during the past year has been bales against
900 Osimported in $780, showing decrease in ls4 Of
25e TAO bales The stock in the ports OH the 3ls Dec
ls40 was 46405o, and the slst Dec, ~, $40 600;
being on increase in the stock hand Of IS 6lO
bales is estimated, however that, as set OFT to this
increase OF stock in the ports the quantity at present
held by "the trade" is less by 40 900 bales than
a corresponding period in the past year
bales average Of ~ O52 bales per week against
PIAZZA in isi0 This the face Of it, is falling off in
the consumption Of 2S72 boes week. l0 cent
Taking into consideration, however, the diminution
above mentioned in the stock held by the rade the
sumption is estimated to have been bales per week.
being decrease of l72l bales from that of S4O but
increase Of 2S40 bales upon that Of 1885, which stated
however in the circular submit enormously at only
1900 The imports into the port of Liverpool during
theyear lSll have been $40 against 266 in the
year preceding, being a considerable decrease, The
stock on hand, in port the 3lst Dec. ls4 was
bales against 500 at corresponding period in
$780, being an increase Of $3.50 bales held 10 Liver
pol.
The features which have most strongly marked the
transactions Of the cotton market during the past year
have been the gloom and monotony which have per
vaded throughout, and the almost total absence of ex
tensive fuctuation in prices which with one or two
riang checks have kept steadily declining to the ex
tent Of ID per h. for ordinary America and d for
= middng" and better qualities Long stspled cotton,
OF all descriptions has been of ul sale almost from the
beginning OF the the end owing, the circular
informs to the OF demand for tho finer numbsrs
rise in January owing to reports of failing CROP de-
cined afterwards to the extent Of per h. from their
highest point or SD in the year Egg ptians have fallen
81 per H. aud all sorts OF Brazls per ID lower
the demand for neither description nor the other
having amounted TO "brskness' at any period OF the
year. In East India cottons however the transactions
he INN 0rfa Ovin
the stoppaye OF the markets Of China and the reused
production OF the article in India have exceeded these
OF last year by upwards Of 50 900 bales and the
quent reduction in price below their relative value has
brought them largely into consumption, the deliveries
for the trade during the last five months having sy
eraged 700 bales per week.
Upon this statement Of the transactions of the year.
the writers Of this circular remark that there have
been former years where the fluctuations have besn
marked and sudden-when CONNIE re aI credit
has been more ahsken and when the pressure
upon classes and upon individuals has been equal and
perhaps more intense hut for magnitude Of losses
in one but in all branchcs-for deprec of fixed ca
pita and for the extent and daraon of suffering there
rs no paraiieto be found OF the of this of
tnings that which lies nearest the surface is the mis-
chievous facility for raising money afforded time
past by joint stock banks by which mills and machinery
TO vast extent have been prematurey called into
enee and the production Of every species of msnufac-
ture stimulated in most extrava gan To these
may be added the epts of the
She interruption of the China trade the long train
OF evils upon succession OF insufficient har
vests" So far, the association Of cotton brokers' CON-
tegent portion OF the trade Of every shade of party
appearto be agreed; and we recommend their opinion
to the serious consideration of the politicians
who SO pertinaciousy deny that production
misconduct of joint stock banks any thing in fact
but the want Of their favorite nostrum have had
any part in causing the existing distressed condition of
the manufacturers of this district.
We feel bound, however to state, that whilst the as
socaton at large appear to agree upon these the
mediate predisposing Of the peculiar position of
the trade which is under their notice. there ndivi
duals amongst their body wo lean to the mpr ssion
that the evils under which they labor are attributable
to the narrow and exclusive policy Of CONNER.
cial aIif and who lock forw ard manufactures
resumipg their wonted activity and awhile re- n
lug their lost ascendancy" only from the adoption of
more liberal" system-from the adoption, in short
OF free trade ia grain Amongst the members OF such
an association is natur al that there should be por
ton entertaining such opinions. But it is gratifying
nevertheless to observe that commercial body SO i'm.
por'an IRON the vast and intimate knowledge they must
possess OF the WORKINGS of the present in the
cotton manufacturing DISTRICTS and of such unimpe achs
Bile respectaby, are prepared although differing with
each other upon the general commercial policy which
Is best fitted TO advance the not only
Of their own trade but that of the entire kingdor to
admit the existence and the misc heyous of
hat