The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-08-17
MONEY MARKET.

bunonys AuBust 100 Re M.
There has been but very little sheraton In quotations
Cor the fanciss within tho past week Prices are heavy
and tend towards decline IL appears impossible to
get them down than fraction, This stead,ness in
the face Of the dull market and tghtness in the money
market looks very well, and augurs better times II Is
the best evidence In the world that the stocks are well
held and that nothing short Of improvement Of
raj per cent will bring them out II apresent dcult
to tell what things going to take but the ind
cations certainly in favor Of an improvement There
many operators disposed to believe that going
10 have hard times the money market that the nan-
cia diacutes growing out of Mexican affairs have
not commenced but will soon be upon US; while there
are confident in the belief that in less than thirty
days our dinicuss with Mexico will be an end and
that every thing connected with trade and
will be in full progress to permanency and prosperity
We disposed to believe that middle course be-
tween these two will be realized. It is hardly probable
that there will be any great commercial aE
fairs We do not look for any great improvement or any
great depression In the markets. but do look for mo-
derae amount of business and very healthy state of
things The great changes recently made in our com.
msrcal and financial systems yet to have their e
feet upon the finances and commerce of the country and
we cannot predict the changes they win produce in all
the ramihcaons Of trade They be great and for
time will threaten the ruin of many interests but wa
have short time to prepare for thu order Of things
and We must trim our barks 10 meet the coming storm
The first blast will be the soon a. get
welaDder way, on the course, there will be little
difficulty, with prudent manage nent In getting again
into smooth water These frequent changes In
nsrcia system, very test of the solvency
Of the commercial Glasses and they Invariably produce
those revolutions in every thing connected with trade
calculated to shake every house built upon sound
and solid foundation. They frequently endanger the ex
isence Of strong houses invariably bring about the
destruction of the weaker II may be argued by
many that these changes important and very neces-
sary for the preservation of healthy Of commercial
affairs that they to the commercial world what hur
and tornadoes are to the atmospheric world that
they purify the mercantile body and arrest the progress
ofthosc promoting speculstons and initiating credits to
proper extent
There doubt but that there many abu prac
ced under any system protecting any particular class
At the expense Of others There doubt but that any
class protected by high tariff will make protection
~ profitable possible. The immense dividends dc.
clared by the cotton manufacturing companies of New
England II the best evidence in the world that they
kept the market price of their fabrics up the highest
pointhat they have obtained every protection per-
mted them to lakeland long they had that protec
ton, long would prices have been kept up We
formed that brown and beached cotton goods similar to
those sold In this market exported prices much
below those obtained at home. These manufacturers
know that they cannot compete successfully in foreign
markets with the manufacturers of other nations at
prices similar to those obtained at home and they make
the home market pay for the reduction required
ports to foreign markets That they able to make all
their sales highly profitable proved by the large div
dends Brown and bleached cotton goods Of domestic
manufacture be sold at fifteen per cent below pre-
sent prices, and pay profit to the manufacturers. and
have doubt reduction that extent will be made
after the new tariff into operation. Low priced
and cotton goods will not vary much, they
manufactured and sold prices below what they be
imported for under any tariff but finer qualities of printed
and plain cotton goods must, under tariff be
much cheaper than they have been for several years
past az they then be imported and into
successful competition with those OF manufac
ture.
The annexed table exhibits the quotations Of stocks
this market for each day in the past week. and at the
close of the week previous. There appears to have
been unusual uniformity in prices during the past
eight days. there having been but in instance
ration Of more than part Of one per cent
Quotations THE PRINCIPAL Srocxs In THE NEw
IoRx MARKrr.