The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-06-04

INDY there d iiehs decline N tie ists nominal
values Of public funds This tendency is yet the
| Increase Exchange rate Of 9 months bills on
England is down to Is 0kd to D 02Sd, at both of
which rates transactions have had effect. The effect
to make large advances India produce this
consigned to England has not yet been well sscsrtaned
would to have caused decline in the rate Of
change already. Price Of Bullion-Sovereign each IL
rupees anna Bank Of Engand notes per 4, each 10
| rupees annas.
CALcuTrA March 20-since our last report, the posi-
ton of commercial affairs has been, generally speaking
most unsatisfactory for although the Gazette Of the
18th announced that government prepared to ad
vance further sum Of O55 600 the hypothecation
of goods at the previous rate Of % per rupee a. most
unacceuntabe proceeding when 1t is considered that
the of Bengal has raised its rates Of interest and
discount cent and that Of the government has re-
manned unatere) various circumstances prevent this
having the amelioratng effect which might have been
anticipated in fact, render IL almost dead letter
there being little indigo silk remaining to for
the precuding being taken
otto any respect bulky
stapeo that the amount to be drawn from This source
will in all probability be Insignificant for some months
| Imports British Cotton Piece Goods.-The intell-
received by the mail Of the 10th OF Of the
home caused holders here in most to mani
rather disposition to realise than ut the date
Of our last to which they have been further Induced by
the steady advance in exchange, and we have conse-
quently extensive sales to report those OF grey
shrtings during the past fortnight being already in ex
cess Of those of the previous month"; and although in
bleached there not been much doing moderate
demand nevertheless exists and sales to some extent
would be ractcabls holders disposed to submit to
slight decline. Mule Twist-The speculative demand
noticed last having entirely ceased the reported
sales show very considerable falling OF compared
with those Of last month In prices however, we
material change to notice, holders although willing
sellers at present rates being hrm In resisting the
| Of the month there has been even less disposition
evnced operate In this article and the few parcels
and French markets have been at a further reduction
| in prices The Americans have of late come forward
cow and baa and since the LIST instant Rave exported
1872 pieces. lndigo-Business since our last has been
ofow qualities found purchasers at from former rates to
slight advance Since the LIST Of November last there
have been exported to North America 672 chests Oil
Seeds-Business these seeds for the European market
remains at stand but nseed has been In moderate de-
mand for America, without alteration in value
FreightsNothng has yet occurred to check the up
ward tendency OF freghts, but the contrary the
favorable position of the home markets for Of
bulky export staples and the comparatively low prices
the limited arrivals during the past fort
night, and limited departures from England
for this country combined with the advices daily
ceved of corresponding scarcity of tonnage in all the
adjacent ports have enabled consgnees to obtain
higher rates. Exchange-Our exchange on England
has had q decidedly Upward tendency for some time
past which has not been in the slightest degree checked
by the large amount advertised by government as avaa
BILE the hypothecaton of goods owing to the extent
Of funds required to be drawn for entirely
with shipments of produce, which has brought
usual abundance Of bills in the Market at time when
the tghtness in the money market, and the moderate
business doing in IMPORTS paucty of buyers.
Good paper may be quoted at 2s Id to d I'D at six
months sight and % 4d to 2s I'D at ten months date
there being however, scarcely buyers at the former
rates.
state Of trade In the Manufacturing Districts.
The present state Of affairs in the manufacturing dis
trics is gloomy Our correspondents at Man
chester, in their letter, dated May Ia, say
Since the date Of report the 30th ut opera
tions, except for immediate wants, have been virtually
suspended Owing to the stringency in the money mar
ket in the face Of every disposition the Of those
who had orders to execute yet few II any contracts had
been entered into Production has been and continues
to be- considerably diminished aud though prices have
given way in some instances yet regularity in prices
well supported Stocks are very light Owing however
to increased easiness in the money market,
quen upon the favorable change in the weather. and the
state OF the exchanges better feeling has to-day been
in operation Neither the continental American
changes would indicate an unfavorable appearance.
With the continuance of desirable weather, and the
passed difficulties in the money market not much mis-
chief is to unprecedented The prospects of the coming
harvest must necessarily have important influence"
Accounts from Leeds represent the woolen trade
very dull there. The trade afraid
stocks at present high rate of prov
sons and the high rate Of money the foreign
houses from operating on account OF the difficulty in
getting bills discounted ut moderate rates. From the
circumstance however, of the cothiers generally having
for months past limited their production to the
demand, prices remain firm. Business in the ware
| houses has been dull this week.
AT Huddersfed no Improvement has taken place, and
houses quite insignificant Our last report from Rocb.
dale states, that the 10th inst the flannel market
better attended than the Monday previous but
owing to report of another failure the market dull
and only limited quantity OF goods sold Price,
were much the same MS week ago. The wool market
Was Hat aud manufacturers purchased sparngy Prices
much the last week but there u general
opinion that wool will be lower in a few days
The wOrs:ed trade both in Bradford and Halifax
exceedingly dull and gloomy and it not for the
small supply Of wool in those prices
The linen trade in Barnsley is also suffering to very
great extent
| GLAsGow.-Our market for cotton goods continues
dull, and has increased is there any appear
better demand; the advices brought by the Cambria
has induced holders to act with rmness and buy
show better disposition to operate The pig iron
market Is without any change in prices; the transac
tions continue limited We quote follows:-bars fIO
plates fl3 sheets, fls; nail rod, ELL rails fl0 los
| pigs, Is l5s
branch Of trade. The trade is Of course
ception to this remark In market for breadstun
there Is considerable excitement Indian has been
in enormous demand aud as stocks reduced holders
obtained advance of 40s per ton During the
Of the week ending May H. Indian meal sold at rise OF
30s per ton In cured provisions prices have advanc
ing tendency; make the following quotations =
Flour los to 81 9s tom Indian ETA fl6 l0s
per ton; Indian meal El6; bacon e. Ss to E3 los pei
cwt lard in bladers 60 So to 60 l0s casks 60 les
f3; tallow e. l2s
AMsrERpAM,-Holders of cotton unwilling to sell
at reduction consequently business Of Importance
has been transacted The stock hand comprises 800
bales American, 400 bales Surinam 500 bales Brazil and
American, 33c to I3c; Surinam, Acc to 5Oc Nckere.
ale 60 46c and East India 24c to 32c 45O bales Amer
100 bales Surnam, and 40 bales Maranham changed
hands. About 5000 dried Buenos Ayres and Monte
video hides Sold being all that remained in first
hands of these descriptions. Prices almost the
but the expected low rates Of bark induce pur
chasers to buy About 1000 damaged Pernambuco and
Montevideo for sale the nth inst Some Mary
land tobacco has been taken ut well sustained prices
ANrwERp.In cotton there is only limited business
doing The sales reported comprise $40 bales inferior
Georgia, sold Mt 3l1ac to Soc; 80 bales louisiana 37c
to 40c. Stock the 30h Of April Of American and
East ndias900 bales against - 400 bales in 1916 For
rice there is an excellent demand, and prices i'm
proving All parcels brought forward meet ready buyers
The sales are 10000 bags East India at 1874 to 1874
400 tierces and $50 casks Carolina l6f to s,<f
further rise in all descriptions is anticipated Holder
OF hides show great desire realise which has caused
prices to give way &c to lc 1880 dry River Plate
sold at 25c to 44c 900 Rio Grande 29c Tobacco Is In
request; 100 hhds of Kentucky taken at I2H to
| l4Ac; and so casks Virginia at 1910 per pound.
characterization is very dull and the sales reported
quite unimportant; note the following. 800 bales
Georgia and Mobile at 5ss to 7s 100 bales Pernams
ms; 80 bales Bahia at 7as; 30 bales Surat Mt AVS