The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-07-05

Ohio, 600; Indiana $780, Illinois, 60o Missouri 10 ooo
The estimated value Of bresdsturs produced in the
United States in lS47 sio9 and the official
value Of breadstu exported in that year was s53 2Ss
457 leaving for our consumption S4l6,o7o s7S
worth of these articles
1t further estimated that the surplus production Of
wheat in the United States in 1s4T, 81 81 354
bushels; and Of Indian 433 22S.0 600 bushels OF
the former only exported during the year 26 3l2
43l bushels and of the latter only ~ 230 bushels
1t viii therefore be that the surplus Of each Of
these grains, after deductng domestic consump-
ton, aggregate expectation, &C. must have been enor
nous, from the crop of last year The exports-
ion of breadstus in previous has been
lively limited, while the crops have been abund .nt
and there must have been large surplus in each OF
several past In the absence of markets grain
of all kinds has been consumed by auimsls TO y much
greater extent than would have been otherwise per-
mitted II Is impossible to get at account approx
mating the supply of breadstuf IN the h,u l. OF
he producers but il is equal have doubt to any
demand that may arise Everything depen Is upoa
prices Returns from all works OF inter nal i'm
provement show very great falling of in the trans
portation of breadstuns from the interior to the
the supply is much less than it was at the
period last year; such however, cannot be the
fact. The exports last year were principally of the
previous years production and the excess Of the har
vest Of lS47 must be yet in the hands of the pr,-
ducers and the only thing that will bring It out IL
ADVANCE in prices This cannot take place under
existing circumstances prices are ar-aay too much
inflated considering the supply of brea istads in tie
country and the probability that they VIII not fail
much below the prese ut points Holders Of
products not compelled to force them upon the
market, and as many of them are expecting exten
sive foreign demand for hour and indian they
Will not submit To material reduction from ruin.
rates We have within the past year two, the
effect of high prices in bringing out the old stocks Of
br-adstutis and we shall soon $40 the effect OF low
prices in keeping back supplies from the interior 1t
surplus they may have in the prese state of
oreign markets and IN the face OF abunl,nt htrv.s
in every part Of Europe, prices here would in tho
event of large receipts sink to the lowest points
haps ever known There Is not the slightest probable
ity of the European demand for our -four and grain
f'r the next year being thing beyond what it at
this moment.
Saturday, July 10 II. NJ.
There was very little done in the stock kct to-
day, and the small sales made at prices current
yesterday. Money exceedingly tight in the street
this morning, and there swarms of people at tho
different Offices and banks drawing their dividends.
There has not been within the past year. demand
for money than within the past day two but, We
have doubt the market will be relieved in a week
two, when the amount paid in dividends gets
more into circulation.
The board of brokers will not meet again until
Wednesday next, the 9Th of July.
The Union BanR, of Maryland, has declared divi-
dend Of three and half per cent, for the last six
menths.
The Farmers and Planters Bank, of Baltimore has
declared dividend Of three and half per cent for
the last six months.
The amount of ceal transported on the Schuylkll
canal for the week ending June 29th was IL 40 tons
making for the season. aggre Of l52 1853 tons
The quantity transported on the Reading Railroad for
the week. 81, 555 tons, making the aggregate
for the season, 5S1 oil tons
The steamship Cambria, from Liverpool, brings seven
days later intelligence from all parts Europe The
political advces arc unimportant, and the commercial
accounts are about the same brought by the Br;-
tannia. Cotton and corn had sli chilly declined and
the markets were unusually inactive. Money CONT
nued cheap and plenty but consos and other govern
mcnt securities remained without change
Exchanges both foreign and domestic are in limited
demand Since the departure of the America sterling
bills have been inactive and there will be no enquiry
of consequence until Wednesday next, the day of de-
parture for the Britannia from this port The
table exhibits the ruling rates for foreign and domestic
exchanges: for uncurrent money, and for specie: