The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-08-09

bv the above table that the exports Of breaduds by
the canal up to the LIST Of August were large per
of the receipts from the West, showing that the
consumption of breadstuffs in and about Buffalo, Is
than the production Of that section and that
the deficiency made up from the lake imports The
Pre- duction of bresdsus in this State, hardly suces
to meet the local demand for consumption, and the
whole section Of the Union depends upon the
States west of New York for supplies Fortunately,
the West cannot only supply this demand, but any
from abroad that may arise As soon as the new grain
crops commence coming to mark et, shall what
the probable extent of the surplus is and what sup
plies may expect for winter consumption and for
export.
In the early part of the present season the leading
flour operators in this city made large purchases
with the expectation of realizing advance in
prices Their calculations we're correct enough at
the time; but as the season advanced and the new
crops matured, it became evident that the yield
would be enormous. The effect Of this upon prices
was disastrous, and holders found 1t impossible to
get up a speculative movement Having on hand
large lots of -four and grain, for which there
demand beyond the immediat wants for consumption
there was alternative but to submit to whatever
prices took, without fastening the deprecia-
tien by forcing supplies upon the market Early in
the sea on the impression strong among some
the leading houses in the trade in this city that
prices must advance very mat erisy, that advances
were made to enormous amount upon breadstuGs at
the different points Of shipment and control Of an i'm
mense quantity of produce thus obtained Ths growth
sf the crop, and the prospect of an abundant
yield changed the whole complexion Of things and for
several weeks past it has pretty well settled that
prices for breadstuffs must touch lower points than
those ruling The failure of the house alluded to
yesterday, was caused principally by the revolution
that has taken place in that trade and the utter
impossibty of making up previous losses supplies
in hand purchased at last springs prices. The i'm
mense amount of business transacted by the house in
question, and its extensive connections Throughout
the Western country have created apprehensons that
failures at the West to some extent may be the
ments will be realized by individuals and that some of
the banking in stituons of that section will be heavy
losers
Several of the coal carrying companies Of Pennsyl
will have their works again in operation.
The Lehigh canal will be in working order next week
The business this work has been suspended three
weeks and the company have lost the transportation
OF rem 5000 to 100000 tons of csa The Schuylkill
canal will be in operation again in week or two.
The falling off in the receipts Of coal has not been very
great the railroad has increased its tonnage over
what would have been had the canal been in srder
1t is the impression among those connected with the
trade, that coal is cheap 1t will be any time
this year 1t may, therefore. be well for consumers to
lay in their winter supply, and provide against any
contingency.
exhibits the amount Of exports of cotton manu-
features from England to the principal foreign mar
kets during the frst half of the present year. and
comparison with the corresponding period in each Of
the past three years -
CoTTos MANuFAcruREs EXPORTED FROM ENGLAND.