The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-06-02

., ga. rr,sh oatmeal o2Sao loads Irish tar
,ers, r Comparing the foreign exports Ios
~ 49, tth those of the period last year We nuu
the year WIN shsst 50, quarters -four 80 $50 barrels
an and decrease in oats 1890 quarters
barley -; ,; Indian corn wv
a Of Sil sacks 245 COZ barrels; oats 1880 quarters
barley II 79s; beans Iolos; peas 7,4o7 indan corn
sos ss5 S.s -. O,
twenty shngs higher than it at the corresponding
period Of last year se ssrse Of Brminubsm state
in their monthly circular their belief that prices w
yet greatly advance-say to 1905 per Quartet Ihsy
add The young wheats have much improved on the
ground the last fortuight aud Notwithstanding the con
tinued cold temperature the late rains hsv. had IA
vorabe effect on them. although the cold lands IN
MANY districts they are still much complained of yet
upon the whole ii with the most favorable
weather scarcely have an early we see no
why IL may not prove abundant one"
There being no inducemept. In the present state o.
monetary affairs for the wooen manufacturers TO au
their stocks of the material WE have TO repor.
almost cessation in the demand for every b
ton of wool Imports Of wool into iverpooo nIts
week ending May oh Port nde Rn%Say $50
Total 1919 bags Previously this year. la,S S '.s'
Scotch -. 27O DUO I6iI
,essrs Challoncr and Fleming have pubsneu n na,J
elaborate circular in which they supply o of America
remarks IN favor Oh tna r Of duty which are adj
mrably calculated for ship-buliding p 81 ,hs sbn
of which TO the great danger OF the loss Oh t p
S,; traae 10 this country, is discountenancea ny
the absurd restrictions OF Lloya of tbo nor, tb;s
The packet ship Yorkshire, wnon - ~ ,9,h uIt;
evening landed somo we" 'oA Pr
mo, at Cork -, 60, por,hav ore IN tbe I at of
nr;l trade was dull money scarce, ana treBnts still
kh o saturdsy the goth of March, there was gov
sale the custom house OF 5Oo baes OF cotto
tho ,rowtb of the Southern Mahratta country. and
cleaned bv American sawgns (part of lot, going home
Nv order Court Of Directors, which was SOLO at
the accommodation OF the Chamber OF Commerce ia
order more immediately to ascertain its valued and the
prices brought from LOT to ia re- to l25 per Sarat
candy of 7sl lbs parcel OF a! bales from the Kan
desh having brought as much as l32 rs per
candy These prices having in view the present h'gh
rates ship freight must be considered very encourag
ing 10 government and the native growers
From Alexandria the advices are to the 22d April
Notwithstanding the recent news from England prices
Of all Egyptian produce were still declining. 1T has
been that half of the last years crops
Upper Egypt has reached Alexandria, the holders meet
ing with great difficulty in procuring the means OF con
veyance down the river and freights being very nR
As, however this years crop OF wheat Deans lentis
peas and barley is ut present being taken up
Egypt the remainder Of last years crop Will be mixec
with the and the whole will come down 10 iexan
dria after the rise of the Nile in October next IL
difficult arrive at exact estimate OF last year
crops but there is doubt that they were immense
This years crops will also be large so that Is ge
neraly expected that prices will rule low next winter
In cotton aud fax there had been no.nins aons iof
some time British shipping continued in demand -
Last freight paid TO England was las I'd per hperal
quarter There ~ English vessels in port LOADING
In Calcutta on the goth March money was light and
eghs rising The banks had raised the rate OF as
ernmep bills to per cent This extravagantly high
even in India although even these rates have been
thrown into the shade by the unparalleled charges
made on commercial paper in London within the last few
DAVIS The only favorable portion OF the nteligence
the declaration OF the Treasury that they WIN make No.
exteut of 81 225o00 within the financial year instead OF
$500 the amount applied during the past one inns
is en- operation which is not gratifying to the indian
banks who competitors in the business but 1t an
swers the purpose of the mercantile houses which is OF
Real Importance
Thp Mai hester
have the that has yet been held all concern.
ed being completely panic stricken IL was expected
that mills would be compelled to resort to short
time that others would stop altogether There has
since been no Improvement.
notwithstanding the great strngency of the money
market in London Tuesday and that it was the 4th
of the mouth failures worthy Of attention were an
nounced tvs indeed remarked by some OF the lead,
ing ban GERS matter of some singuarity that, bad
as the condition OF the market unquestionaby was,
there their own ctons extended
a single instance of bill presented for payment
being dshonor.d The foreign exchanges ran excess
sively high There greater supply OF paper. but
again rs on post days of late there no money
with which to purchase Amsterdam IL ia to do
do (short ~ 10 Rotterdam II IA TO ga antwerp
IS - to 80 Hamburg IL ii to l5'4 frankfort l22 to
l23% Paris 20 Is - do (short) % so to 80 Mar
settles 90 % Genoa % 20 to % Vienna 10 10 to IL
Trieste 10 II ID Leghoru 80 20 to D; Naples 40 to
Is Palermo 10 TO 4 Nessina li93a Madrid AN
Cadiz IS Lisbon (metac) SO Oporto 81
The from London is more cheering. The stock
market Thursday was rmer and the payment OF the
mercantile bills due Tuesday having been made in
satisfactory manner, it was believed that the worst
was over that there would be gradual relaxation
In the ghness of the market which has pressed
30 heavily upon those who have been pursuing
their legitimate business The instalment OF the 5000
900 Irish lean now due and has aided keep up she
value of money On the paper of the rstcla houses
in London, having something like six months to run
of discount said to have been paid OF as much as
1917 per cent, while two months bills bearing also
the signatures of firms OF unexceptionable standing the
charge made and given was in some instances 10 per
cent
On Thursday consols for the account opened Mt SIX
to q receded to s7h, then went up to sly again de-
cned to S7S. and finally closed s73s to "a For money
the price varied between and S62s the last quota
ton being 81 to "a No business was transacted in
scrip but it nominally quoted to IN discount
Exchequer bills continue fiat at 9s to "a discount and
India bonds los to 5s discount Bank stock left oil
at ss to $50 three and quarter per cents at Si to
SO three per cents reduced at IS to long annu'tes
at and india stock at 242 to 244. Among the events
of the day be noticed the arrival OF Zoo 600 In gold
from France in addition to ESQ 600 received the day
previous the purchase OF about Iooooo Oh silver ny tns
bank at 5d IA considerable decline since the sale was
made the Bank of France the price paid by that es
Enlistment having been 6Osd) and the reception at
the bank ola deputaton from Liverpool to the
existing pressure.
Tbs only feature in the foreign market the rather
better price for Mexican consequent upon the Of
the of the American forces at Vera Cruz as 1t
seems to be thought that these victories must before
long lead to the conclusion of peace The first quo
taton Of this stock 1917 for money and the account
after which it to- and closed at 20 for money ana
20A for the account The other bargains of the day
were-Danish at SO Portuguese four per cents at 80
Russian, at l09 Spanish three per cents for the ac-
count, at "a Dutch two and half per cents, at DIX
and the four per cent certificates, at s7A
Gold is 80 cent dearer in London than in Paris
and % per cent dearer in London than in Hamburg
The present bank note circulation of the United King
dom find has declined f240 900 since the Cur
rency Bill of Sir Robert Peel into operation, solely
account of ten private and five joint stock banks IN
England and Wales having ceased to issue, and the
Bank of England not having supplied the deficiency,
this when the trade of the country is presumed
to be annually increasing.
Markets.
LONDON MONEY MARKET Friday, May 7.-Consols
had pretty steady from the opening but were
ther threatening to give way when the resolution OF
the Bank Directors to lend on Exchequer bills, stop
ped the progress of the decline. Extreme prices for
money s76 and s67S, and for the Account, 87L Re-
duced Three per Cents SO to sjs4 the Three-and IA
Quarter per Cents 50 to 81 and Bank stock 1877 to 1872
Exchequer Bills had been done from to discount but
after the notice the Bank they improved to dis
count There quotation of the Scrip Of the Loan