The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-03-22


70 "a per 20 lbs and on hour Of about IS Cd per bbl
Oats and oatmeal remain steady but don't sell freely In
beans IS 70 IS per quarter At last market the pcss
paving were for general ru,s of American whest lis 10
lbs per 10 bs for American -four sweet 39s a2s and
35s sd to SOS Cd per bb Inan corn white s0s 10
70s and yellow 72s TO 73s per asO lh Egyptian beans
45s quarters Irish oats IS I'D TO IS per bs
As to stocks we make NO comment; duties are now
payable that they not sowel sscertaned but 90
far as regards demand the last market closed steadily al
though with less urgency than might have been expect
ed Various opinions ahoat to the probable sup
ply Of breadsuhs which we can procure during the pre-
sent Of distress From the most recent intsll
gsnce received from America, believe that there
good 10 expect that with the opening Of the
spring we shall have enormous shipments Of all sorts Of
provision and that consequently large supplies Of I'll
or ten days the receipts Of corn, &c. have been light
and this added to the continuance of considerably L
ports to Ireland has caused the Market within the last
gave way in the early BART Of The last week have sncs
recovered as regard: wheat and hour all they then lost
the high price Of sos to 72s per quarter while other
kinds OF food are cheaper II 10 much to be deplorsd
than that Of the more wealthy. The stock Of American
hour In this port has been taken the end of February
ana Is computed at something under 100000 bbls and
The cotton market has been in very ouiescept state
since our last publication The sales have been only to
moderate extent and although SPECTATORS and export.
ers have been purchasing extensively no change
for the better has taken place in prices Our usual re-
tculars of this trade Az have before inmstsd the
PROSTATE condition Of the trade in Lancashire sx
ercse very important influence upon the prospects
of this staple during the present year So long ~ the
distress IN Ireland and the Highlands Of Scotland Of
hsrs a MI Sa mc cannO' pc expected thst
Tor manufactured cotton goods On referring the OBJ
servations made in our paper on the 4th utmo will
be observed that We then noticed considerable falling
Oh in the demand for consumption. and reaction in
prices to the extent OF about 'd per ID. We have now
qualities Of American Nd the lower, and quite ia
on the better qualities Of East India about ,sd per
ha on and i.@ Va S other a Be-
more or less affected with the single exception Of
Islands. which were in regular and steady request
throughout the month, and prices UNCHANGED. The
demand from the trade continued limited and again
below the average OF even the present reduced cor
their stocks materially. Still there does not appear
much nducement for them to increase their purchases
to extent sufficient to have any immediate decided
effect this Market although we do look for an in
creased demand this month By the latest sdvices from
doing there OF late at prices low and unrsmunsra.
ting to the producers II 10 indeed asserted that In
some a. low rates have been accepted for cash
advance in the raw material at the end Of November
last There was however. an opinion gaining ground
that Tor the present the lowest point Of depression had
been passed, which We sincerely hope may prove the
The entire sales during the month did exceed
quantity sold and dealers took 90 200 bales
(nearly 4700 bales less than in Janusry Of which s2o
and 900 Egg exporters $500 bales Of American
ITO Egyptian and $50 Surat. The export demand II
going to be more than usually important feature in
market for months to come; this IT, and must long
continue to be, by far the cheapest market for the
nsnta buyers operate in By tho latest sdvces from
the United States fair quality oil Upland had advanced
that they could be laid down under y. per pound
whereas the present value here is barely 6 and subse
quent advices will. in all probability, show further
vance on the other SIDE to the advantage Of this
export market.
We give the following table OF compare i've
January 4, Ist7 March 4, lst7.
s ssss TO 81 s Ssys. .ei.: 81
Tenn ia , 10 81 A.s,%; "a
The accounts from the manufacturing districts not
80 favorable as could be wished it 10 feared that the
trade There are several large orders in hand from
America and others are expected to follow; the accounts
doing in English wopllen and manufactured goods 1t
considerably increased pricea remains to be how
far the recently proposed increase Of duty Should 1t be
carried into efee upon British goods will chock the
demand for them In the meantime sellers have acceded
the low terms Of purchasers that the stocks which
have laery been augmenting, are In consequence di
minshng The following fact will show tie position OF
that ket:-An order from Liverpool house for =
the price Of Sd per- piece below that at which si%iisr
goods were purchased by the house in the summer
OF lsi5 while the raw material from which they f.
bricated has risen Id to I'D per pound
The chief topic Of conversation both IN monetary and
commercial circles, during the past has been the
financial statement OF the Chancellor OF the Exchsquer
delivered in the House Of Commons, the 23d ult
the chief points Of which that he cannot shord 10
nit any taxes and does find necessary to lay any
on he last nsalment OF the China indemnity money
fortunately falling due this year 10 equaze the income
with the expendture and that he requires loan Of
Is 900 for the wants OF Ireland portion Of which
be repaid by that country and the other 10 be grant
from the imperial treasury. The following are the
anticipated by the Chancellor Illusions, f20 900 600 ;
excise El3 100000 stamps, ct 000 txes, and and
ass. esq., 900 pIopS. S 1S pO o.
$3.50 0O0 China money Es50 900; total income f62 6l6
900 The expenditure will be-Naiional debt f2so45 o00
consolidated fund charges 0oo total O0o
Army, &c $40 074 navy, E7 SOL 676 ordnance "a 679
la7 miscellaneous fj 900; interest on new loan.
ESQ 900; increased interest on Exchequer bills, fla3
Ooo extraordinary expenditure, flss 900; total OK
pendurs, f52 1873 oo0 which, deducted from the above
income, leave the small surplus Of f3s9.ooo.
Markets.
Lospos MosEY MARKET Saturday evening" Feb. "a.
The movement of the Bank Of England for the week
ending the 10th inst exhibits the following changes
compared with the week ending on the 18th inst
la the department Of issue the notes in circulation had
decreased ca which had been produced by the alb
straction OF 1865 OF gold coin or gold bullion, and
| Ga 03l Of silver bullion.
On the debit side of the banking department the rest
had decreased 81 an tho public deposits had increased
E570 929 the private other deposits had decreased
and the day and other post bills had de
creased f56O7 making the total liabilities f33 7s2 23o
creased ELL 900, the other securities had decreased
f3 97 the notes had increased Gao 1885, and the gold
and silver coin had decreased f7iSas, which balanced
the account
rhs bullion in both departments OF the Bank had de
creased from Ella 100 100 TO i2247oi, being differ
ence Of E34 3is.
The paper in actual circulation including the sevan.
day and other bills Gao 32l a3 against
| being a decrease OF 6 l95 O66
| There is nothing very remarkable In this return
There had been great pressure for bullion for export
although the tendency rnher In that direction and
there is doubt the current will become stronger when
the continental ports are opened for shpm nis Of grain
The great bulk OF tho bills drawn from New Orleans for
the produce of the great plains Of the Mississippi will
also forward about the time. IL 10 necessary
that these circumstances should be borne in mind by ell
persons interested, who may be apt TO misculculats
events judging only by the present lull arising only
rom the period OF the year
The bank directors 1t will be observed had Continued
the sale OF public securities process which they have
followed with caution for weeks The direct effect
OF this Is to contract the circulation which with the
present prospect Is the prudent 10 pursue This
head Of public deposits will he seen, hsd increased,
but not in the ratio of the ecps Of the revenue 90 that
il to be presumed that tho drain for the relief Of distress
In ireland continued nv formerly
Is not unworthy OF that the Bank Of England
undertakes the responsibility OF transmitting gold Dtena
ed for export to the outroris, ADD putting board
ship al the cost of per cent This information may he
aI -. A., ..La..a az ,hnu h nv. ali AZ.