The New York herald., 1850-04-05
COMMERCIAL AFFAIRS.
HONEY MARKET.
Thu rsday. Aprll 40

- 49,
yesterday, tions about to the usual sx-
tent Mo.t Of the purchasers on time buyers op-
ton. At the first boa d. to day, u. s. os 1867 ad-
vapcsd u 70. cent; Treasury Note, ~ u. 8 Sc q;
Erie Bonds, old, u; Ha em a. Erie Bonds new, de-
olined u per cent; Farmers Loan u; Norwich aud
Worcester u. The Furopean sdvices tsve had no ee
feet on the market either way; In fact, the news
amounts to nothing politically commercially. The
sli hit 5ecine In cotton anticipated, but 1t will not
have the desired effect here Holders in this country
too well oanvinced that prices must ultimately i'm
prove to give ~ and realize We are too we'll posted
up here to be Influenced by any concerted movement
In Manchester to depress prices. The markets for
other America, products, the othe: side, were In
active.
The money market has tightened very sensibly with
in the past Gay tso ana tie rates Of interest
rapidly ming up Loans fancy stocks cannot be
obtained at lees than s1E cent per month, and
The brokers rave to shin pretty sharp to make good
their bank sccosns. The bulls will nnd 1t uphill work
to carry the apcs long at present prices for money
The receipts at the Office Of the Assistant Treasurer
Of this port today amounted to $3s161 23 3psyments
1852 60; balance, "a, 99,c08U ~.
The Trenton Delaware Bridge Company have de-
clsrsd . clear dividend Of four dollars per share
The Agawam Bank, Springfield, Mass, las declared q
semi annual dividend Of four per cent from their
rss and extra dividend Of two per cent from their
surpius.
The Western Bank, Springfield, has declared Its
frss dividend one Of four per cent
The following sales Of stocks made at the Mer
chants Exchsnge, at suction:-$l5,O0o Merchants
Eachap ge Bonds Of Feb. l. 1870, per cent, AZ 1886
do April 49, 1914. l5; $4,000 Indiana Canal preferred
stock, 2sl4; 5000 do, rs.
1t has always been our aim to give the earliest and
"a. 81 r..
cultural product Of the South. We have carefully
watched the crop from the time seed.droppins COM
up to the final harvest and have invariably
made 1t point to poet ourselves up In relation to the
probable yield early In the practicable
The causes operating from month to month upon the
growing orcp, upon prices and movements In the
ks have been correctly given far In power
The interest Of the planter has been object
with That the course have pursued in this
ticulsr has strasted considerable attention In the
South, have indubitable proofs; and that have
been sirgnsry accurate Ia predictions and pre-
misses, does not admit Of doubt We have not hssi.
tst.d moment about giving opinions relative to
probable yield Of the long before those engaged
In the trade have ventured theirs and any Of
estimate prenaurey formed has been subjsct to
such notifications and aterat any peculiArity
Of the season. It progressed, developed calcu
remarks Necessary introduction to- review Of
the movements in the cotton trade up the present
time this season.
The frost Of the 18th Of April 1S4e, which felt
In grss, portion of tie cotton growing seetisn CON-
pesd the planters to replant the bulk Of the bottom
snds Attbs time ridiculed the ides that short
.rop was Inevitable from that fact and In series Of
articles showed that every thing depended upon th'
eSron that followed. As We predicted, the season
dvancd rapidly and the growth Of the cotton plant
vas 10 s urispt that the LIST Of July, the crop
onward In former yesrs and the yield promised to
bs abundant The plant had recovered from the dis
sters OF the spring and everything connected vita
he crop looked favorable This continued until the
omms Of the fail and estimates Of probable
Held ranged from 400 900 to 26o0 600 bales These
stiu ates were not reduced until some time AFTER
he picking commenced, In consequence OF the under
,rcp proving full as prolific ss anticipated Agents
Il British manufacturers axd speUulators, travelling
hroush the South at that time, gave to their pru-
,ipsls the most sttrrine accounts Of the CROP aud
prsdctsd yield equal to that Of the previous year.
But bsys proved In this, ~ In most other
cases. exceedingly deceptive as the result thus far
realized shows The top crop looked very WE'LL nearly
up the final picking but for best known
10 those who cultivate the plant the bols just prev
TO maturing became blasted and dropped from tho
stem In other instances the bols produced
Of seed and, upoRSinning, turned out comparatively
little cotton. As this fact well established,
very srsa. reduction made in stimsses Of YIELD
md the highest amount named was 23ooooo bales.
This was the standard es,ste before the actual
dition Of the ,op crop was generally known, bat as
gin ming prozesssd the e,instss have been reduced
until they range fron 81 $50 900 bales to 10000
bales The late planting followed by OF the most
favorable seasons known made the growth Of the
plant too rapid and Il ran too much TO stalk,
the late fall served more TO increase
the srowth OF leaf No., than OF cotton. The stalk
being Ion joiLted and ssppy the cool nights Of Sep
tsubsr October and November, caused 1t TO cease
Iruitirg, and spend Its vitality In leaf aud limb
From the high lands Of tho CsrolinN, Gecrgis
Tennessee, and Moth Alabama, the yield has proved
Atuu dsnt and sstissctory but the Low lands Of the
srest Mississippi have proved lsmsntsbly deHciens
Thee are the which have led T. the lov est
nstes Termed of the crop nov coming TO market but
there are many who, ct thi. late day bsliessn
al events pretend to- In yield Of st least tive mil
ions three hundred thousand bales.
The sudden change tho opinions Of those who made
srgs estimates of ysld before the setus condt1n OF
he top crop Was reported 10 attributed by spectators
wish to initiate prices bey ond shst higher esns,.s
ould warrant and they therefore inereduoas rh-y
re destined 20 ,p-r for their incredulity snd
VII serve them right We have confined ourselves,
hus far to the actual of the preseAt deficiency
nd propose 20 shov. by the movements mp TO
ii time In the cottsn growing ssoon OF the country,
bat tb.se esuses have hsd no more than their usual
fleet Late plsptpg,a luxuiiast season, followed by
moisture invariably produce IN the cotton
plant ss veil In most other plants Of rapid growthJ
ore stalk than staple and to show that these
bsve preducsd results this yesr similar to those
sslised every yesr when they existed, II is ONLY
s.cssry point 70 the comparative tsb. Of receipts
Il the Different dspots Of the South Thst is suseat
70 ssti.iy the mo.t skepticsl that somsthins hiss
iocsd the supply Of this staple but this fact does
hot give correct idea Of the tent OF the deficiency
Il must be borne io mind, that there has been
more favorable than this get the crop to
,. that the rivers Of be South have throughout ben
1sgste Tor the srgs.t boats and that the railroads
Df that section have greater fseiits than ever before
or csrryirg cotton. These things have given an i'm
p-tu. to the movements Of cotton tossrds the sss-
}, ard greater than before realised In corre-
r Id.