The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-01-26
COM N q RCIAL AFFAIRS.
MONEY MARK EFT.

xuehu0y, jan. sJ-6 II.
There slight reaction in the stock market day
The advance too rapid and could not be
sustained and then Of the Improvement has
dssppearsdthe from gton relative to the
prospects Of peace with Mexico. At the nrst board
to day. Treasury notes, Oaio IS, Farmers Loan and
Long Island closed ct prices current yesterday while
Canton declined per cent Norwich and Worcester,
y Reading Railroad. u and Harlem, u. The sales
were not so large, at the decline to-day, as at the i'm
provsment yesterday, showing that the impression in
favor Of a permanent advance is pretty general
The knowledge that the government sor will soon be-
in want Of large amount Of money weighs heavily upon
the money market and tends to depress prices for CO.
vernment and all other kinds of stock. For time
previous to the taking Of the last losn stocks de-
pressed in the same way, and 1t taken,
prices at The banks screwing things up
to the highest point for the purpose of compelling the
government to relax its financial policy but they will
make mistake, and the endorsements they trying
to place upon the United States Treasury will fall upon
themselves It IL the last dying effort Of the banks to
destroy the Independent Treasury Act; and II they do
not succeed this time, they may well give it up.
The Long Island Bank has declared semi annual d.
vidsnd Of four and a-hslf per cent.
The Auburn and Syracuse Railroad Company have
declared ssmi-annual dividend Of four per cent
Under the provisions of the act ofthe 4h Of December
ieSt, tn0 otat0 OWcers, upon whom inc ouIy Wac IN
posed have called all the banks banking associations
and individual bankers to make report Of their affairs
they stood the morning of Saturday. November H.
ls47. These reports must be furnished to the Comp
troler before the first day of February next,
the defaulting banks will be subjected to penalty Of
500 each.
1t is a matter Of much Importance to all engaged in
manufacturing and who in any way interested in the
price of great staple cotton that the most cautious
calculations should be made relative to the probable
yield Of the growing crop before publicity Is given to the
results There two great interests opposed to each
other regards this staple and each exerts itself to
accomplish Its own end The most important Of these
is the planting interest," and the planters should by all
means possess themselves Of all the necessary nforns
ton possible, before they part with their crops We
have invariably made 1t point to protect the planters
by giving them the earliest and the most unbiased and
correct accounts relative to supply and demand and
is Of considerable satisfaction to US, that
have heretofore proved such true prophets upon all
matters connected with this staple Our estimates of
the yield Of the crops for several past have turned
out correct, and estimates considered such
good authority in the cotton growing sections Of the
country that shall not endanger It, detrsct from
1t in any way, by being too hssty in calculations
relative to the growing crop.
There is a wide difference in tho estimates we have
and the quantity varies from two millions to two and
half millions Of bales The safest Is take the
medium, Is the Indications at present. far
able to judge that the production has been about
that amount It would be well at this time to explain
the difference between the actual production and the
actual receipts, particularly when there many
calculated to induce the planters to keep back
their supplies in consequence of the low range of prices
There is Q general determination the part Of
planters to hold this year. than have before
tioed and this Disposition in connection with their
ability to hold is sufficient to induce to believe that
larger quantity viii be held than usual The high
prices which have ruled for the past two have
enriched the planters and placed them In position to
hold over at least season. and many have
doubt much longer It Is the opinion among our best
informed operators in this market that the planters
hold over about five hundred thousand bales out Of
crop Of two and quarter millions. This will leave
venteen hundred and fifty thousand bales, the
ceps at the different ports of the crops Of and lS4s
The consumption in the United States for the year end
ing September LIST, ls4s, will probably be about
hundred thousand bales leaving ten hundred and fifty
bales for expectation to all parts of the world
The annexed table exhibits the Importation sxports
ton consumption and stock Of cstton in Great Britain
in each of the past twelve years.
MovrwrNra Corror IN GRrAr ron TWELVE