The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-09-01
Commercial Anairs-The Busincss Pros
pects OF the Country


This is the season when business usually COM
mences, and the country merchants make their
appearance in the principal markets, but we as
yet see none of these evidences of activity usu-
ally exhibited at this time. There is very fair
amount of business dong, but nothing near the
extent generally realised upon the opening OF the
fall We can only attribute this state of things to
the changes recently made in our commercial
system there is no other cause for the apathy
which prevails so generally among the CONNER
ci classes and is our impression that had the ia
nh remained as II was-had there been no changes
made in the financial policy of the government,
there would have been very large and profitable
business done in this city this fall as it is, with
these changes IN the persp ectve, no one will pur-
chase single dollars worth more than is actually
required for immediate consumption.
County merchants coming into the city pur-
chase veSy. cautiously, merely making up their
assortments at home to work off their stock
Nthrough the approaching winter. The interior is
already pretty well supplied with cotton, woolen,
worsted and linen, manufactures Of all Sorts and
twill require full six months consumption to use
tRem up In the meantime the mportations into
this and other ports, under the warehousing sys-
tenn are large, and the quantity of goods accumu-
latlng for entry under the tariff after the LIST
of December next, will be increased These
goods coming into the market must have a very
material and unfavorable influence upon prices,
and we have not the slightest doubt but that all
kinds of foreign and domestic cotton and woollen
manufactures will be cheaper next spring than
they have been for a long time. This deprecia-
ton in price will be produced more by an over
supply than by the reduction in the duty, and will
have tendency to promote speculation and over
trading, and this leads to think that there will
be more extensive business transacted next
spring than has been realised for several years.
The country is now in a very healthy and pros
porous condition., and it will be for the interest of
every one to preserve this prosperity permanent
ly. We have it in our power TO prevent airy very
great speculative movement if we would confine
trade to its legitimate channels but the first mo-
ment any large class of merchants commence any
speculation that moment our prosperity can date
its downfall, for when the mania gets once in OPP
Grafton, there is no limit and it only ceases with
the ruin of a large number of those engaged.
There is at presen, every probability of an ex-
tensive speculation in cotton, before the season is
over. The accounts in relation to the growing crops
generally unfavorable, that the mpre sson is
almost universal that the yield will be below that
of either of the past three years. There is no
doubt but the prospect of short crop, will
lead to extensive speculatons in the materi-
al, both in this country and in Great Britain. We
trust that it will not extend to any thing else, and
what is more, we hope the planters will realise
the full benefit of any deficiency in the supply of
the staple.