The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-03-24
MONEY MARKET.

Tuesday, March 23-6 r. m.
TAe stock market remains steady, and prices hardly
vary fraction from day day. The sales to-day
to limited extent but there sellers at the
Board than buyers Norwich Worcester fell of pc
cents Canton u; Farmers Loan y; Ohio ss y; Reading
Bonds went up per cent; Illinois Bank and Morris
Canal 4.
EAt the second Board there very few Sales with
out any change in prices. There sales of Har
lem at the old Bosrd at either the first second
sions.
The foreign exchange market IL very inactive Prime
bills on London offered at ~ per cent premium
on Paris Of 45 0f43,z; Amsterdam asX 80; Hamburg
s4H a5 Bremen Tx IN Next week, Wednesday
packet day. und do not look for any demand Of con-
sequence until Monday Tuesday.
Frsm accounts recently received from the sugar grow
Ing districts Of Lousna appears that there has been
avery great deficiency in the crop of 1916 compared
with ls4s. There il filling Of of the sugar crop on
t~ right side of the river, from Point Coupee New
Oeans Of 30 2l6 hhds tie crop of ls45 being So 002
the crop of 1916 being 1877 When it is remembered
that the increase of plantations has been in the
district Of country above named as follows lin ls46
there were 2o5 plantations in 1876 there plan
tat'ons shows the immense falling of of the crop Of
On average of more than enc half
From calculations recently made Il has been ascertain
ed that the population of the towns Immediately sdoin
ng Of the railroads Of was follows
viz of the Old Colony Railroad, not including Dor.
chester 10 97s giving average of 7o2 per mile; that
of the Providence road not including Roxbury,
s9077 97s per miles of the Worcester road az or
900 per mile; ofhe Fitchburg read a. $685. or SAT per
mi!e Of the Lowell road, 20 &C., llea per mile; Of
the Boston and Maine road terminating at the line Of the
State Of New Hampshire 10 1856, SGT per mile; and
the Eastern road terminating also the border
State, 81 ,oe7, or l $40 per mile.
Trh.
counts, improving, and outdoor rates were decidedly
easier This change is attributed partly the rspid nd.
vance in cotton which had been realized within the pre-
vous week. and partly to the large sales which have re-
leased large amount of capital.
There was very limited demand for Texas securities
and no change had taken place in Treasury notes
were quoted at lakal3K Interest notes l4}IaI5 Eight
per cant bonds lSal9K Ten per do 2oa2c on the
dollar Exchange, both foreign and domestic, was de
clinng at New Orleans in consequence OF the increased
amount Offering rendering it difficult for drawers OBJ
tain outside quotations Sterling bills were quoted at
io2xaioak On Paris seats S. On New York 90 days.
2xas per cent discoun Checks Is per cent discount
Short sight lKalx per cent discount
The condition of the markets OF Europe, the
sources Of the supply and the probable state Of prices
are matters of much interest ct this time matters in
which every producer, consum er and factor in the
country il interested. It is estimated that ass s24 tons
Of Indian corn equal to about 81 900 bushels will be
required to replace the loss Of the potato crop Ireland
exclusive oft usual for seed the portion given
to cattle, and the quantity usually exported to Great
Britain 1t is estimated that the loss OF potatoes equal
sl42 500 tons The vslue of the above qusntty of
Indsn corn computed ct Id per pound 10 ,sS7
whue the value OF the equivalent In potatoes
only at 2kd per stone of IA pounds, IL Ella o70 s9o
Should this quantity of Indian be required indie.
pendent Of other kinds OF breadstus to supply the
hciency in the other crops will re quirs Cos vessels
Of 400 tons sach 10 transport and will add at least one
hundred millions Of dollars to the aggregate value Of
our exports We can easily spare this qusnty Of corn
the greatest difficulty will be the want Of vessels take
4 from shores.
Attwo pence per pound the value of the above auant
ty Of would be about f27 900 ooo equal to $780,
90 0O0 and this would not be above its market value in
Liverpool The last quotation for Indian corn in Liver
pool 72s sterling for 400 pounds about 81 bush
OILS equal to az cenpsr pound, which at Sc pounds to
the bushel would be 81 80 per bushel OF this nearly
81 rs per bushe Is by and charges before
hleavss this country. This species Of grain, which
sha hereafter distinguish Maire Is destined to be
OF the most important exporting staples Of the country
Inc demand for It, In Europe, particularly In Great Br
tam, must be permanent and it Is impression that il
will be greater In le4s than il has been or will be this
year.
There very little doubt but that the crop Of potatoes
IN Great Britain, this year. will be less than last The
disease is in the seed and II must be more generally
spread in the next crop than has previously been The
chances are therefore decidedly in favor Of greater
ncisncy this than here was last Should such an
unfortunate result be realized Is impossible to snci
pate The misery and distress II would produce or the
quantity Of grain which would be required from this
country to maks good the deficiency in the supply Of
food and relieve the distress
Produce IMyoRTpu ,xr.
n, STATES, IN FEpRuARY, Is47.
hhIs '''''''''''''2S Lard keas .......... 27o<
oois. ....,....... 50 Butter, frkins 10
rern, obs ......... 1891 Tobacco, hhds..,... so5
~"e"'e' ~ Wool, bales. ........ 1000