The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-05-07

Wednesday May 60 r. M.
There Is little betor feeling in the street, and the GO
neral impression that prices must experience
very material improvement. Money is still scarce
and in demand There ID very little doubt how
ever, but that II will soon be moro abundant. Tho
newsfr from Europe highly favorable considered
in Wall street. and private advices confirm the accounts
received through the papers There appears to be local
causes for the depression that still exists in tho market
which will gradually subsde our accounts from the
other side improve.
At the first board to-day Harlem fell OF per cent
Norwich and Worcester, Reading Farmers Loan Morris
Canal and Canton Long Island, and Penney g.
closed at yesterdays prices Ohio Dc improved t. and
Ohio 7s4.
Since the departure Of the Caledonia for Liverpool
the st inst there has been very little done in government
or State stocks and tho market generally had boon rather
unsettled Quotations for the fancy stocks have Auctu
ated from day to day fracton-up one day. and down
the next This feversh Of things has been caused
by the tghtness in the money market by the unsettled
position Of political affairs, and by the contest
nualy going between the bulls and the bears Tho
latter class of operators Is much the strongest party
this market the bulls being comparatively weak which
accounts in measure for tho slight effect Of favorable
news, from any quarter. upon prices This In
ton with the reports constantly circulated In relation 10
our difficulties with Mexico, and the movements Of the
President in relation to the notice resolutions tend to
keen the market more depressed than 1t otherwise
would be-
Quotations for sterling exchange rule much higher
now than at the date last year. which be att
bucd almost entirely to the position Of our foreign trade,
the ghtness in the money market doubtless has In
fuence.
Lon'n. Paris. .amster'm. Hang. bremen.
1885, May IS s2s 5s5ss- ss5ssso sss,. 1sRs
appcars by the most recent official returns that up TO
the LIST of May, 1885, the importaons larger by
several millions of dollars than they for the
ponding period in 1886 and it also appears that In the
same periods exports this year have been limited
than last This change in the foreign trade of this port il
very good evidence that has been the throughout
the country.
We do not anticipate any difficulty from this state Of
things otherwise than temporary stringcncy in the
ncy market and perhaps shipments Of specie the
evil will regulate ITSELF and tho balance against
become equalzed We have abandoned all hope ofliqui-
dating the balance against shipments Of cotton It
is pretty well settled that have not the material
to ships that the crop is short just about the extent Of the
falling on in exporsthat the advance in prices the
other SIDE will too late to benefit the growers
shippers this side and that exports therefore
keylo be increased much any favorable change
in the cotton markets of Europe Our only hope u in
reduction in our mporatons, which trust for the
mainder Of the season, will be limited. We only
regulate the balance against in this way in the
time possible that immediate remittances In bills
of exchange in specie will be required, account
ofthc tghtness In the money markets Of Great Britain
Eight months Of this commercial year have passed
the imports exports Of the remaining four must bs
med they of very little business, and
include the principal growing months for principal
staples. Most Of cotton to market and goes
forward before the frst of May the rest of the
generally used up in securing the crop. Our
ports, fevery description made principally between
tho first Of September and the 6rs Of May and after that
time the quotations for foreign exchange depend almost
entirely upon the extent of imports and exports for
the previous eight months.
The annexed statement exhibits the value Of mGchanr
disc imported into and exported from this port in each
the rt four months Of this year. compared with last
Commerce NEW YoRx-vALuE OF IAPoRrs AND