The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-07-10
MONEY MARKET.

Saturday, July 30 +. M.
The sales at the stock board have been small and prices
have not varied much. Harlem fell D. Farmers Loan .
per cent. Illinois per cents, J. Indiana SIS, J. Sales Of
$4,000 Mobile exchange made, sellers 90 days, at
81 per cent discount.
The Long Island Insurance Company has declared
semiannual dividend Of per cent payab 18th inst
The Delaware and Rarian Canal and Camden and Am
boy Railroad Companies have declared dividend of three
per cent payable 10th inst at the Office of the Camden
and Amboy Company, Philadelphia
The New Jersey Insurance Company, five per cent,
payable on demand
The Nashville Wing of the aoh contains an official no.
cc, announcing that the Banks of Tennessee will resume
specie payments the LIST day of August instead Of the
lst of July as they had before promised.
In connection with the reduction Of duties abroad
cle of American produce the condition of the crop in
England matter OF great interest to the American agri-
culturals because it is from the United States that q
large supply grain and -four may be expected TO b. de
rived The London Bankers Circular after summing up
infinitely and fairly the supplies and stocks, gives the o
lowing the result of his examination into the state OF
the crops
al 1.-THE weather until the soth of September prove
sngularly nauspicous the quantity of Foreign in
bond purchased forthcoming pursuant to the present
speculative movement will be greatly inadequate the
wants OF the country prices RISE wheat will be taken
out OF bond Of the lowest duty OF one shilling the north
European be cleared Of their supplies from
the harvest of ls4l-now coming down, and additional
supplies must be had from the United States, France,
Spain, and the Mediterranean"
:" 9. If the season prove Of alternate moisture,
warmth, and drynes with occasional checks to the ma
turing process OF vcgeationsuch generally charac
other exceptional years the quantity of foreign wheat
and four already secured engaged will be amply su-
cient the wants of the people in these circumstances
prices will not fall rise materially from the present
level quantity of foreign wheat and -four probably
equal 1900 600 quarters will be taken out OF bond
exshp, varying rates Of duty which in no case Will be
under quarter"
:" 3. Ia the event of the weather proving ausricous
that of the two or three weeks general hary
will not be very late one for the in the centre and
many parts of the north of England well in some
parts of scotand will be ready for the sickle nearly
soon as in the south Of England In that the large
stock ofmpored and -four will not be passed off into
the hands OF consumers promptly, nor without some
though no great Immediate reduction from the present
advanced level OF prices Such weather might fill the
of corn to raise the produce of the wheat crop
should be forced beyond this other crops more par
cuarly beans and barley, looked promising
for abundance With full average harvest Of good qua
ty the price of wheat in the autumn would fall greatly
because under the law that product In the shape
grain -four will be poured into markets regularly
from almost all countries which with good home supplies
will have very depressing effect on prices"
These views being the result of practical facts and
figures to be depended upon than the writers
usual vsgaries general matters The effect of the
laws is generally admitted, will be TO price
of wheat per quarter rule about per cent less than
before This taking into consideration the fact that
increased denand for consumption in Great Britain raises
the prices in the markets Of supply. We do not think
however, that sufficient allowance made in this cal
cula,ion for the United States to raise supplies under
steady demand with specie currency. At this
the when the old crops supposed to be
and the not ready for the sickle prices
in New York. but little 5000 per bb and -four will
next year probably be exported $3.50 from New York
and Boston This will allow of sales in Liverpool al
profit, duty paid sc per bb when wheat is selling
50 per quarter In the present of the currency
productive industry of this country the probability tina
the next few years the exports
to Europe viii much exceed those OF years gone by Tn,
of paper currency being removed from the mar
kcs there will nothing bar the way to large markets fol
produce. 1.-THE tariff does not prevent the free recent
goods in pay men Of Immense prosperity may b,
looked forward to.