The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-08-13
MONEY MARKET.

Saturday, August 1915 p M
The stock market much lbetter today in demand
and prices. Harlem per cents Ohio Illinois IL
but little was done in other descriptions.
At the board there were sales OF government loan
at ll4& cash.
TIE prospect Of deficit harvest In England will this
year have very different influence upon American in.
erest from what has hitherto exercised in former years
Almost all the commercial connexions between the tive
countries were base upon paper credits and short har
vest causing adverse exchanges sapped the whole foun
daton, and cut of the American Thsis now
not the case The lato reduction Of the English tart
opened the door to those articles which will be improved
in demand and prices by deficit harvest and the United
States will be the point which the specie will flow I'M
stead of the North OF Europe. American Interests in
stead of being carried down by collapse ofthe English
paper system will be strengthened by that event. lste
English publication contains the following restion to
influence Of TIE present prospect harvest upon
money sffairs -
Liverpool now contains larger weight Of cotton than
ever before warehoused in that port and believe
safe in stating that this day Friday, the 7h of Ju
ly, the quantity is within very few mill bags.
These about f5 Is the bag on the average worth
above FIVE millions and hall pounds sterling
At this point would be desirable to ascertain
ly possible the increased consumption of cotton in
Great Brtain various circumstances render this more
difficult than in former years The admirable precision
with which the Liverpool brokers usually calculate the
weekly consumption is now, temporarily and in small
the States British has been carted direct
from the ship the canal railway and has
into Liverpool arehouse-the stock in which forms
one Of the principal bases of the brokers'
II 10 impossible TO estimate the increased consumption
of cotton used in the mixed sbrics made at Bradford
Halifax and their Fopulous vicnties We know II to be
much greater than the men oil Liverpool have (unt
recent date at leas imagined We have been promised
more precise Information this subject, and in the mean
time content ourselves with stating general
fact Of large increase. Formerly the warps Of such
brcs made from hog WOOL long s.aped wool of
consequence,
kind ofwool generally commanded price from Ave to
ten per cent higher than from the same sheep Of the
second or third steering would obtain Now from the
substitution of cotton thread for warps hog wool lower
in price than that last described II be no trfing
weight Of cotton that can have wrought such
BILE change as this in extensive trade And from the
best information we can obtain. ofopnsn hstth
increased weekly consumption OF cotton above twenty
per cent higher than II was a year ago. or a quantity
equal TO considerably above 100000 bales i'm hs year.
We are also Of opinion that the opening of the China
trade, and the more favorable commercial intelligence
just received from that quarter will further stimulate
trade and cause additional increase in the consump
ton otbe raw material II Ia stated that very little more
cotton of last years growth arrive from the Uued
Statesmen than eight per cent Of our
nual consunption and that the imports from India vii
lbs view Of the snboct be correct should not be
ssonshed to fnd the stock OF cotton on the January
1874 reduced pretty nearly 10 the amount Of stock he'd
at the same dste OF lei3 so 1t appears 20 us there can
not he found inv esnen for money than cotton q
the presept low prices. We know how difficult II viii
he 10 induce to give higher prices but
no oil them, long affair demand for their COOS
continues will have any apprehension IN holding stock
a. about the present low prices.
rhe Directorc the Ba-k OF Ensana had Gel tainly
bepun 10 feel somewhat unesy the effects Of the
harvest whilst the weather continued unpromising;
prooi OF 70 from various and different quar-
ters wedope' know that IL WIS this cause which in.
duced them to instruct heir manager the Birmingham
BrsDch to limit the discounts n ironmssters 10 onehal
tho previously agroed on, but this instruction
eivep md as we know T. was acted in case, We
lude IT. oper alton made general in the district
Hspry tnis cause OF additional trouble has been la great
measure removed by the favoring weather.
Wheat advanced in price at Msrk-Lane Monday
from IL 10 Is the quarter II has done Hull and var
other pieces duriag the week. To-day the supply
OF home 10 scanty as to be scarcely sufficient 10
make clearly defined market The little sold went of
at full s advance Mondays prices. Some more the
foreign has been bought in London for Belgium
throughout the Netherlands and South Germany the
stock OF corn used to make bread is alarmingy small
Nothing can be more promising to American agricul
tura interests than such state Of things The abundant
crops and dear currency, that the European