The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-02-08
MONEY MARK EFT.


Although there has been an improvement Of several
per cent in many of the fancss the tendency of prices
during tho past week has been downwards, and
stocks generally, at the close Of the market
yesterday, were not SO high as at tse close
Of the week previous The advance of week previous
rather too rapid to be healthy and had there
fore much faith in its permanency There every pros
pect of steady advance in all kinds of stock. Every
thing is favorable for se and it is not too rapid, it
WILL without doubt, be sustained. Money is very abun-
dant and obtained at the lowest rate of interest in any
quantity tho banks discount literally and there every
probability Of very great addition to supply o.
specie the arrival Of the from Liverpool
Several packets due have considerable on
board, and by every arrival from England shall
ceve the precious metals Whatever may be the posi-
ton of things the other side there isvsry little doubt
but that there will be abundance every thing here
Whatever may happen to the Bank of England or the
Bank of France will have other effect upon than
slight depreciation in the price Of cotton. If the demand
for breadstus based entirely upon short supply It
must be satisfied requires all the bullion in Europe;
but prices the result any extent of specu
lation any embarrassment in the money market of Lon
don will produce collapse II impossible predict,
with any degree of accuracy what will be the
complexion Of the next advces from Europe II is the
impression in circles that tho Cambria the packet
of the 4.h of February, from Liverpool will bring
counts of decline both in coon while Others
among whom most Of the dealers in this rket in
breadsus look for further advance, aud therefore
disposed to make the slightest concession in prices
preferrpg to wait further advices. Tho cotton specu
lators not sangune the corn operators and
prices have within the past day two, become rathsr
weak-some holders having submitted to decline
In the midst of such exciting tines spectators find
it the most difficult thing in the world to keep up
stent of action Being creatures entirely Of i'm
pulse the absence of news for any length time leaves
them without any incentive, and when they got O
ment two for reflection, the result is q relapse, until
something comes up, calculated to give an impetus
to prices.
The greotss anxiety exists for another arrival from
Europe. with later intelligence. 1t of the greatest i'm
porance that shippers should have advises up to the la
test moment, before shipments greater ext emit
prices have reached such heghth that losses
may experienced upon shipments made at rates
We see now the vital Importance of frequent communi
cations with England When depended upon our
packets, there was than eight or ten days be
tween the dates Of advccs When steamers left Lii
verpool twice month, we got along pretty WELL parti
cularly when there no excitement Of consequence
in the mar kcts but 60 full month without news in
times like the present sufficient to put our merchants
out of all patience 1t very extraordinary crcum
stance in this age of and starvation that such
a.
non intercourse, in Of the term, thirty days
II Ia time some movement made by government
TO establish an American line of steamers between
this port and Liverpool There is any amount
of capital ready to embark in anything Of this
kind the moment the government will guaranty mail
contract SO that the line compete with the rsh
line. why should abandon this busnsssto English
capitalists iit is profitable to them it can be made
to ourselves.
The Sarah Sands has been at twenty days. and sc
cording the calculations Of her captain and owners,
should have arrived before this II would surprise
Ms if she did make her appearance for aweek These
propellers appear to work very well trial tripsbut
when they attempt the passage OF the Atlantic the result
is not so favorable We trust the wind will send her
along her fails for very much in want Of
further advces.
We annex our usual table, exhibiting the quotations
for stocks in this market each day Of the past week