The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-04-17

Arssing about me country in the hands Of individuals
n amount included In the shove table comprises the
bonded various and incorporated
companies, and the amount Of paper discounted in all
the banks We have made attempt estimate the
tA extent Of credits In existence II l. probably dou
be At least the above aggregate The great speculative
years 1885, 1885 and 1887 could not compare with the
Present. We ae at this moment in expanded
condition than before and there more than
sixty millions Of bonded securities the construction Of
railroads. canals plank roads, and other works Of inter
nal Improvement ready to be negotiated at some rate
individuals have by been behind corporations
interpretations Every one that had any credit has
been running into debt. All sorts Of extravagance
h the order Of the day Five ten and fifteen dplars
paid for ticket concert, without second thought
Three thousand dollars for carriage and pair is cons
dered nothing. One hundred thousand dollars for
house up town. and furniture Is not considered unrea
sonable everything else at the rate is paid by
those who have credit than capital more pride
than brains The people of the South have in conse-
quence Of the high prices paid for their staple product
been enormously extravagant, and have notwithstand
ing the great increase in the value of their crops
ceeded their incomes. in expenditures full much
in any previous year The success Of Jenny Linds
concerts shows this In the face of this artificial in
hsted state Of things what would be the effect Of great
fs In the price of cotton, falling OIL in the receipts
Of gold from California That both Of these will
be realized have not the slightest doubt The
mous prices which have been paid during the
past year will stimulate cultivation and the probability
y that before twelve-month elapses the material
will be nearly as low rs it We have taken the
cream off the gold mines Of California and, while the
supply Of dust viii be largely reduced the expansion OF
credits here, which las been carried upon the bas
by is ed Inv
a widespread revulsion.
In dry goods active demand has at last in and
considerable business is doing both by first and second
hands. The demand from the North and West.
At auction large business is also doing, but the offer
ings are mostly of German and French goods. Price
mostly favor the buyer there Is considerable preci
pitancy in forcing goods the market, and manifest
anxiety both in public and private transactions to get rid
Of stock Domestic goods not active foreign,
hut jcbbers have been buying more freely, and
large sales of prints have been made On the part of
buyers caution and prudence, and even hesitation
exercised in venturng their outlaws the
in falling market, where buyers have to compete with
each other and those who buy the lowest alone do
WE'LL and that by underselling their brethren. The
at work Including the declining state Of the wool
and cotton market must therefore, eventuate in a
teral fall of prices. Unbleached hrtings and sheet
ngs have been largely solo, to go West by the canal
now open Prices however, do not improve. Bleached
goods also active without further change in prices
Drills are active, and prices steady. The demand
has been principally for blues, to ship Osnaburghs
in good request, and prices steady. Denins
m moderate demand, but the large stock renders
the market favorable to buyers. Ticks in good
demand, and steady in price. Stripes are only mo-
Serately active, and prices shade easier. Printing
cloths very heavy, further decline has been
submitted to without bringing out better regular
demand Some large sales have been forced under
rates At Providence there is activity; but
prices not better Prints have been very active for
the Western and Northern trade and the stock which
vas heavy is undergoing reduction Holders, however,
are anxious sellers; and prices low, but steady.
Ginehsms active and at low prices to the exclusion
Of foreign goods The supplies greater than the
demand; prices steady Lawns active, and
prices firm. Jeans moderately active, without
change IN price Moussene de aine continues in tea y
demand with fair supply, at full prices. British de
hines selling freely at moderate prices; the
consumption is very large and is the increase.
Cloths i'm moderate demand; holders willing
sellers at shadingof prices for any large quantity.
sstinss selling freely and at steady prices;
5oebers and country dealers buying considerable.
Tweeds active, at steady prices Cassmeres have
been active az last weeks prices Foreign doc skins
In request British goods sell freely than last
week though there Is less in prices; but
hesvness is not great a. in French goods, which
crowd the suction rooms; and although there is good
demand, yet the supply is too large and the
owners too anxious TO sell, to encourage
petition among buyers In the trade generally,
remark that there IL a much greater competition
among sellers than among buyers Importaons for the
spring trade mainly bat stocks at present
Erge and holders want TO reduce them before the close
al the season. The demand existing is the latest
demand Of the and IL not sold now, there IL
frehfu prospect Of loss Of staple goods the
nf rLafa lax
Wool has suddenly fallen. and Is four cents per
pound lower than two weeks ago. Many Of the manu-
factnrers who had sent out agents to engage portions o
the D.St clip have Withdrawn their orders aud the wool
markets both East and West, much lower. This,
With the contraction Of the production of woolens will
hava tnf..I