The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-07-18
MONEY MARKET.

MONEY MARKET.
Monday, July 17-6 r. m.
There was but little doing in the stock market to-day
generally, but there good feeling Illinois In
aana Il mechanics Bank /; Long Island fell /; Pater-
sont.
new board there were sales at ll4A of Govern
ment Loan, fall of per cent; Harlem rose &
The steamer from Liverpool is anxiousy expected and
viii probably be here ton morrow at farthest
fact that ruin has overtaken almost all trust com
panies There are now many unpleasant rumors in re
gard to the Farmers Loan large holder has sold out
and the price has fallen There Is but little wander az
this when consider the state of the farming
"back tariff" hanging them, prices SO low as 10
bring scarcely the of production, what remains for
them to pay mortgages? Money is worth in the market
but four cent yet the cuv ators the soil trying
to pay these companies7 per cent and cannot do it,
Thefolowing is the coinage at the Branch Mint in N.
Orleans during the last month"; that is to say from the
LIST OF June to the LIST of Juy:-
In gold $a6o,0OO
In silver. ......,............. 10000
Total. ......... .$6lo,0OO
From the lst January, ls4a to the LIST July that to
say during the last six months the consge amounts to
50 9O2 Oe0
The position Of our commercial relations with China,
Offering they do opening for extended inter-
course requires the prompt attention Of individual
upon the spot to look after American interests China
ana the Srazs offer an immense opening for the
sumption OF those lower qualities of cotton fabrics in
winch the United States successfully compete with
all otner counries fact sufficiently evident in the late
export oil goods to the English market The ability of
the United States to do has been the result of the low
grade OF the compromise has taught and compel
led manufacturers to work at rates which put their
wares on levelwith those of England in neutral mar
kets The approximation to free trade has built up the
manufacturers yet now with mole like blindness thew
are destroying themselves by returning to system of
protection which is less destructive to their interests
than to the commercial and manufacturing interests
Under the compromise act they have attained position
in which they compete with England in the Brazil
and China markets. These two markets the most ini
portant outlets of British goods With the Brazs trea-
ty Of has existed the part Of Great Britain
which expires in 1914. All Europe has combined during
the past year to exclude British goods from the continent
by system far eicacious than that of Napoleon.
It is to underworld her. France has prohibited many
articles of English production and the of
treaty between England end the Brazils, the in
fuence of France at the latter court has become para
mount by the intermarriage Of tho regning families
The bearing which this will have upon the new treaty
may easily be OWNED. Where is the United States at
this uncture7 Is she looking after her interest in that
quarter2 Is she endeavorng to make good of the
ability Of her manufacturers to sell cheap in order to
supplant England altogether in that Market and open
outlet for of cotton goods for the eastern
manufacturers Far from it. miserable of poll
tcians leading the manufacturers by the nose and
endeavoring to persuade them that by raising the tariff
keeping out Brazilian produce end irritating its govern
ment at the very moment when Cancellation is most
quiste their welfare is promoted The inevitable result
of such conduct will be, that England and the 6nited
States will be put in the same category and the
regulations Of Brazil will discriminate in favor of
France deprivng the manufacturers Of market worth
at least $40 per The arscal assemblage
of lawyers at Washington, called Government have
appointed Minister to look after this vital interest,"
The hesitation to discover how much strength the
ddate bring to "the party"
The Chiua trade is equally urgent. England is on
the spot with her cuthroats and robbers They have
counted and sent home the ready money that they have
stolen and making arrangements to monopoize
the future trade, while agent yet fingers here. The
following table will show the extent and condition of the
direct China trade hitherto:-