The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-05-21
Navigation OF the Ohio Riv'
MONEY MARKET.
Thursday, May 20, @ II. Al.

The stock market is steadily improving both in quota
tons. and in transactions There considerable nc
tivity at the First Board to-day. Harlem went up u
per cent; Farmers Loan "a Morris Canal ri Illinois
Bank y; Reading a Ohio 6's, 1850, al Norwich and
Worcester Pennsylvania SIS and Long Island closed at
yesterday 3 prices. Canton fell off q.
At the second board there large sales of Harlem
at advance of per ceut prices current in the
morning. Canton advanced u, and Norwich a. Morris
Canal fell of u, and Long Island Is
Money is getting more abundant every day, the banks
have than they know how to and tho rate OF
interest rules low have known for many months
When the demand from the commercial classes
there will perfect plethora in the market, and the
banks will be compelled to loan largely on stocks
The accounts which reach from all sections of the
country relative to the condition of the growing crops
are exceedingly conflicting, and from the districts
very contradictory With every allowance for the in
jury to the wheat crop in parts of the country
have doubt the yield will be more than average
one ateness of the has doubt checked the
growth Of the plants to certain extent but week or
two of weather will make very great difference
in their appearances; give them healthy look and give
good evidence of average yield The additional
quantity of land appropriated to the cultivation
in every part the country guarantee Of more than
an average yield in the event Of the injury in
tain sections being permanent.
The farmers in the wheat growing districts Of this
country have two chances for crop Where the pros
pect for the winter grain is not perfectly
tsfactory, the land is devoted to the cutiva-
ton Of spring wheat, species varying very
slightly from the winter varieties. 1t is lighter, does
not yield much to the acre. does not make such
merchantabe -four but is extensively used among tho
producers for their own consumption which enables
them dispose all Of their winter grown grain to the
miers. 1t is impression, notwithstanding the
dali tha If
culators in breadstufs who find organs in the Wall
street press that the yield of wheat this year will be
more than average provided, of course that the
season. this time to harvest continues favorable
In relation to the crop, we hardly dare express
an opinion We have no doubt 1t will be immense. It
the safest and most extensive crop cultivate 1t Ii
grown in every degree of latitude from New Orleans to
the Bay Of Fundy and 1t is avore crop with every far
mer. With and favorable have no doubt
the production will not vary much from sir hundred
millions of bushels The facilities for the cultivation Of
this grain in this country immense; have more
soil adapted to its growth than for any other kind gran
it arrives ut maturity in short time, and is wthal,
a very profitable CROP at prices much below those
current there is every inducement for it's cultva
ton New Jersey part Of this State, and nearly the
whole the New England States cannot produce wheat
on of the nature Of the SOIL and all the diseases
peculiar that grain, while these sections partcu
larry adapted to the growth ofcorn and annually
duce large crops. very large portion Of the Indian
shipped from this port previous to the opening Of
the river and canals from Long Island and NewJer
sew and prices ruled very high all through the plant
ing season. doubt the breadth Of ground cul
tvated with that grain; Is wholly unprecedented We
pray that the harvest may be abundant the pre-
paraons it have been extensive have doubt
every bushe spare will be wanted by the people
of Europe; and if cannot supply their wants they
| must starve.
Before taking leave of this subject would caution
the public generally and dealers in breadstu partieu
ary against the statements made by certain specua
bread and provisions put forth in the Wall street
papers These parties extensively engaged in the
business commissions merchants for the sale Of
-four grain They sellers of breadstus and not
buyers and therefore, interested in initiating prices
and producing the impression that the supplies
being short They attempt to destroy the character
of all official statements and set themselves up as an
authority in relation to the probable supply and demand
superior to all others All who acquainted with tho
facilities afforded by the government to arrive as near as
possible to the aggregate production and consumption OF
agricultural products in the United States know very
well that they superior to those in the possession or
at the command of any number of individuals; and it Is
therefore, the height of folly and presumption IN 'noSe
who have attempted IT, put forth their statements in
opposition to those emanating from the government,
particularly when the position of these parties in the
] market is taken into consideration.
The tolls of the Eric canal received at tide water on
ascending freight, and at the western termination
products cleared at Buffalo and Black Rock have been
| AS follows for the second week in May, VIZ
| CANAL Tolls.
| Tolls paid at New York.. ..... .$4,e46 II
| Albany. .l6,656 AZ
- West Troy. ...... .i3,2o9 70
--Ss4,7l4 %
" Buffalo. ........ SOL .g79 10