The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-06-20

that private deposors finding use Tor their money
The increase of specie shows that the bank gaining
strength The dminuton of securities and circulation
probably arise from return of the on the maturity
of the other The exchanges still in favor of Eng
land and the oft is to be found in the improved
trade OF the continent.
The spring fair at Lepsc, which has terminated pre-
sented activity than anticipated. The prices
Of manufactured goods were, however, low, beyond ell
former precedent and to that circumstance the quantity
Of business done is chiefly attributed In cotton fabrics
the Germans completely undsrsod BY the English
both in the and finer descriptions of goods To-
wards the close of the market the German manufacturers
were compelled down nearly to the English stan
dard of prices they would have done business An
other indication of the swelling trade sto be found in the
fact that advces from Frankfort state that the
the German Customs Union, which in the year 1884
amounted to only halers increased the year
1912 to AL thaers While the English arkets
maintain their supremacy the continent by din efow
prices the general consumption of cotton goods and con-
sequently OF the material must greatly increase
This will operate for the benefit ofthe South There
some check in the rise of prices of cotton Liverpool
owing to some reaction in the of Spectators
who were alarmed about the growing CROP The market
for American provisions is however steadily the in.
crease and will become very important. The barque
Pearl, 400 tons, Captain Bricklsy, belonging to New
leans, with perfectly full cargo of provisions the first
received from that quarter vz:-lO4s b, rrels and 227
erces Of pork l27 barrels and boxes Of bacon barrels
Of hams, 342l kegs and fierce of lard l2a barrels of
taow IL half barrels of tongues $50 casks of oil cake
and so barrels Of -four The state of tariff was crea
ting ALARM however, among the warmest friends Of
free trade, who were anIiousy asking How to
pay for this American produce 2" "We must cease to
receive it, unless they modify the duty our goods"
Political affairs had produced violent agitation in the
stock market. The debate the Canada Corn Bill at
one time supposed to jeopardize the Ministry, and
consols fell to 929 They recovered when the danger
passed. and were again subject to panic, the debate
on the Irish Arms Bill from which they had scarcely
recovered at the departure of the packet
American stocks beginning to excite coed deal
Of interest. The arrival Of the Britannia with the state
OF affairs here, had attracted attention There were
quotations as follows New York State SIS, Of long
dates at s5A per cent New York City S. s5t Alabama
Sterling SIS 60 Pennsylvania SIS, ~; Ohio 6s 73-sel
lers Illinois 6s, with arreared coupons, "a; Indiana
Sterling S. with arresred coupons 81; Kentucky 6s
s5seers Mary land SIS, with arreared coupons sellers
at SO Louisiana per cent bonds of the Union Bank in
four SERIES so per centseilers bonds of 1884, IS
bonds of Consolidated Association bonds othc Bank
of Louisiana, of both series, go Of 1914, per cent
Tennessee 6 II to 80 United States Bank shares 1885, to
2Os. The feeling manifest is evinced in the following
extract from the London Standard which, with limited
information American affairs, is influenced by ma
levolent tory feeling -
1t is point of moment with the Americans that
they should be enabled to give their State stocks lift and
So possible, palm them of on Great Britain. They
think that the present impetus together with the compa
ratve low rates. will act bait fortune hunters All
that do is to continue warnings remind the
public of the abomnabe word repudationr and tell
them that the insolvent States laughing the
gubility Of English capitalists We know as fact that
are ~ pdaaO in
the Britannia. Such people are come over money
schemes and with view to juggle John Bull out OF
more Of his cash. IT, after all that has been made public,
any creduous fell into the snare, they will
most certainly deserve the fate that possibly
betall them.
The advces from abroad of much better charac.
ter All private letters tn the buying prices Of
American stock from to per higher than at
the date Of the previous packet There DISPOSE.
ton to sell Whatever but the disposition to buy
the orders for American stocks from this
side in the London market. Those features added
to the fact having TRANSFERRED tina. the loan adver
tsed by the Secretary has been taken at lO3 per
cent stock by the agent for foreign house. caused
much better feeling in the stock market U. States SIS
per cent New York per cent? Illinois per cent
Harlem Il Long Island per cont; Canton fell j.
At the New Board United States 6's rose per cent?
Kentucky !. Ohio fell J; Long Island rose !.
We recently mentioned that the Secretary OF the Trea
money The project will be persisted In The
already prepared bat will no interest nor will they
be convertible into specie The department depends
upon the supposed demand for uniform CURRENCY re.
cevabe every where for public dues keep them at par
circulation We apprehend that this will be failure.
The banks cannot receive these things in payment for
debts They will fall into the hands of brokers' for sale
a. discount to those who have public dues to pay.
The Canada bill created intense interest on its pas
sage to a second reading. The ministers had inti
mated intention Of resgnng If the proposed bill
not carried This fact accompanied by the
powerful opposition that it experienced produced great
influence upon the funds from which, however, they re-
covered when the division on the question gave MAORI
y of lss for the ministers The bill is designed to
protect the Canadas against the United States in
direct contradiction the avowsl Of Sir Robert Peel
the opening OF the session. that change in the
laws contemplated" The nature Of the bill is ex
planned in the speech OF Lord Stanley as follows =
Since 1925 wheat has been imported from the Canadas
at duty varying from 5s to Is according to the state Of
the British market Flour has been imported from Cana
da at all times liable to bear pop0rtonate amount of du
ty according the value of flour here On the import Of
foreign wheat into Canada duty has been imposed up
TO the present me From every part OF Europe and from
the United States wheat has been admitted into Canada per-
Jccy and entirely free from duty, and that wheat i'm
ported has ever been il exported to this coun-
n.y. to have obtained and to enjoy all the privileges ofco
lonisi produce. My sole object (by this bD being the
substitution of permanent liked duty on foreign wheat
the substitution Of permanent fixed duty American
wheat imported through the province of Canada the
rate OF Is per quarter instead Of duty vary from Cd
It was formerly Is now to IS per quarter say sir,
that that is the sole alteration propose.
Thus since 1923, American wheat has been admitted in
10 Canada ree and thence colonial -four been imported
Into England on the sliding SCALE For this sliding scale
duty Of As to be laid Now as the average duty
on Canada flour imported into England has been 2s only
the new fixed duty will raise the standard of duty for the
protection as aledgcd of the Canadian farmer for
reasons given by Sir Robert Peel as follows:-
He thought the faith and honor of the executvo
under the circumstances pledged to do all in their
to carry the present bill It OF the greatest mpor
lance 10 ccncilae the people Of Canada pitho ,pbos,
eosd oH and affection that colony roud prope TO be s
weakest point in The British Empire.
On this, London paper, with Characteristic gascon
ade, remarks Vs.
Are the Canadiens not Esglishmen Are they not
placed in circumstances difficulty like oil the occu.
nants of country Ar they not the garrsan ~