The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-09-19

rise in the rate OF interest, ana g0Od reason why
IL should continue high under present circumstances
To increase our foreign trade alone in single year
by fl5 900 900, and that, t00 upon principle OF
giving credit to our customers for our exports,
while we pay ready money for our increased Inn
ports, may easily suggest such an increased demand
for capital as fully to account for the present high
rate Of interest. And let it be remembered that this
increase of fl5 100000 of exports represents but
Our home trade must have also increased in perhaps
even greater ratio, in order to furnish all the
means required for such an extended production.
The increased wages paid, measured by their greater
must alone lead to considerable increased profitable
demand for capital, and again to greatly increased
domestic trade in their expenditure. It would not be
exactly correct to say that the exchanges and the
rate Of interest directly affect each other, but it is
certain that they are both influenced by common
causes that q low exchange Is usually accompanied
BY high rate of interest and low rate OF interest
by favorable state of the exchanges.
LONDON MONEY MARKET, Sept. 8, Two oclcck.-Snce
Saturday when there fell due such large amount of
bills money has been S.. what less IN de-
BILE lover terms Gold 10 stu required for the Cont.
nent and the immense quantity Of corn available for
England in the Danubian provinces enough it Is said
to freight upwards of thousand ships owing to the
Accommodations and the delay the exports during the
Eastern crisis At moderate calculation we shall psy
in part with manufactures but it to the United States
must look the best barter customer At the latest
ofspecie from California were large Here have salts.
factory arrivals but the amounts leave almost
soon as they come to hand The silver BY the Dadalus
has found prompt buyers for not only the
East but like wise to Hambro and Amsterdam partly 10
exchange for gold. There Is scarcely debatsabls
money Some think will be yet dearer this year, while
others look for reduction. Much evidently depends
%
not be made good, further loss may be prevented, so
much being yet unhoused.
Consos being to a. or even worse than they left of
last evening when speculative sales were made to some
is the rumor that the Eastern question is again
hinged and likely to occasion difficulty, but in the best
IN It Is believed ns there no probability
about s7A to q. Bank stock has been heavy at 227.
The new per cents have realized 1904 to III and the
per cents SIX to 90. Exchequer bills are heavy at 2s
In foreign stocks the transactions have been of very
merely nominal Mexican bonds have been done at 26a
to ~ Granada are worth 22H; Brazilian new AZ per
cents have been marked 3d. Sandman bonds st 3d.
Peruy an ~ per cents are about 50 to SO.
In the Epglh Railway Shares the transactions have
been more limited and prices have not recovered
noon by sympathy with Consols. Coledonan, North
Western Midland and South Eastern have been cheaper
Gieat Northern are very firm The French lines are
also cepressed and the business doing in them upon
contracted fcas although holders do not force sales
In the Gold Nine Shares there has been scarcely bar
Australian Banks there has been much less DOING and
want OF buoy ancy again prevail.
HAvRE MARKET, Sept. 5-Coton quiet; sales Ito three
ocock) SOC bales Flour quiet 500 barrels Genesee
VIM. Tell. at Al francs ent. AT Rousn trade was un-
changed for manufactures
JAMES M'HENRYs CIRCULAR.
LIVERPOOL, Sept. 1853.
Co1roN The same dull feeling advised for some weeks
past sti prevails The trade buy cautiously the export
season ID drawing to close, and specuat SIS seem
willing to increase their stake IN the article. All these
things, coupled with stringent and dearer money
ket of the growing crop altogether un.
favorable tend to depres prices here and the whole
clined I'D. to I'd per h. in the last ten days, andshe
ordiDaIy" to low mddpg stained, dirty, remain un
saeaele At even nominal quotations The sales yesterday
were 900 bales, and to day 1000 bales, about
there has Been very little doing to day. and prices Of
PROVISIONS in sides and shoulders there is change
Beef and pork very quiet. Cheese buoyant Lard dun,
and 1s. down.
TALLow unchanged.
In QUERcrRoN BARK nothing new.
CIovERsEED without transactions.
RICE less doing.
LINsEED CAKE very eAleable.
BREADs1uFFs.- Flour and wheat are much pressed on
tie market at irregular rates. 30s for four and So Cd
for the best white whsats very extreme
inferior parceA Of both articles are not easily sold at
bs from late top rates. Indian corn is In fair request
ut previous prices.
RICHARDSON BROTHERS AND CO.'S CIRCULAR.
LIVERPOOL, Sept. 8. 1853.
The weather very fine during market this morning
We had pretty good ate ndance OF the dealers
and from the interior districts but they purchased
wheat very slowly at further reduction Of 3D. making
3D. on the prices of Friday last On no sales
tied. The demand for -four a restrcte
SCALE even to at the reduction above quoted
For Indian corn there speculative inquiry but
for consumption very little done.
Old cats sold readily at full prices, but new which was
in small supply, did not meet much attention.
No charge beans the spot, but c. F. and l. car.
goes in better demand
Since the ID the weather has been dry, but the temper.
aue low for the season. and marked by absence Of
euDshre yet the agicuturss report that their crops
mature more rapidly than could be expected in the
Of direct solar influence So far as cur reports
have been received from the principal growing
trcts, calculate that the produce Of wheat will be
fourth to fifth short OF last year quantty but
how the quality and weight will turn out remains to be
The entire Ger saon Of speculative purchases has pro-
duced quite paufe in the trade of wheat and four and
In the absence Of any transa of moment
here (and presume else wheIe) to ately resell
some purchases Of wheat and flour recently made on
mate had been made of French requirements. And We
hear Greek operators also been freely Offering
to resell Under these circumstances sales of wheat
have been made at "a per bushe and Of -four Is to Is
Cd barrel under the current rates of Friday but
day there were no buyers even at this reduction.
BROWN, sHIPLEY AND co.'s CIRCULAR.
LIVERPOOL, Sept. 1853.
We have to report dull cotton market since the date
Of the sbove circular the sales for the three working
days being bales with bales to exporters and
ness being almost entirely confined to the Qualities rang
ing from middling to middipg fair
The fine weather and decline in wheat and flour in
France have checked speculation in this Market and
ed decline Of 3D. per 10 lbs IN the former and of
3d. bb in the latter Indian Gull at the quota
tCnB.
Supreme COurt-Specials
Before Hon. Judge Mitchell.
THE PROPOSED NEW CENTRAL PARK.
SEPT 17.-In the matter of the Central Park-A great
array of counsel appeared in court representatives Of
the property holders interested in this matter.
Mr. Dillon Corporation Counsel moved that Augustus
Schell, L. Bradish, Wm Kent NJ. UlshoHer. and +. G.
West be appointed Commissioners of Estimate and As
sessment in the opening Of tie Central Park between
Ffyeighth and lo6th streets and Sixth and Seventh
avenues
Mr.. Richard Mott, upon the application Of VIM As
Of property moved to have jeremiah Towe ap pointed
Of the commissioners
Mesrs. Lord, Striker, Willard and Jos. Blunt repre-
sentDg other property holders also moved for the ap
pointment Of other commssio ners.
Mr. Noyes suggested that under the act which author