Semi-weekly North-Carolina standard. [volume] (Raleigh, N.C.) 1852-1853, 1853-02-16
THE MONEY MARKET, TRADE, &c.

- We copy the following sensible article on the
subject of trade, the money market, DC from the
last number of the New York Mercantile Journal
| stThe recent foreign commercial advces have not
served TO animate the markets materially, while in
some articles Oppressive influence has been felt
Cotton has exhibited in slight degree more activity
and prices have rallied TO the of &c, but the
state OF the Southern markets, where stock is accu-
mulatlng, prevents any material advance. Bread
stufs have g ven way iM price under the last
er's Both Wheat and Flour, the leading ar
tices export, have become unsettled in price, and
sales have been made at a decline of a l23c on
the one and. &c on the other. Provisions also are
easier TO buy at the lower quotations.
Dry Goods on the contrary show increasing aciivi-
ty. The imports Of foreign goods pouring in up
! on us In large amounts. The Herman and the At
lantc have both brought foil and heavy cagoes, pro.
vding the market with full and varied assortment
of both English and Continental goods: aud vet
there is of any supeabundance, for the de-
mand present and in anticipation keeps the market at
buoyant prices The cost of importation has been
greater this year, but high prices felt longer
any impediment TO sales, while poor qualities how
ever low in price, seriously felt TO be So The
fashion runs on French goods and French styles,
and consumers willing to pay the price requisite
such is the condition of the Of the peoDle.
French Silks, French Jaconets, French Ribbons and
other Millinery Goods Belgian and Yorkshire Coths,
very active at rising prces the latter fairly dis
placing domestic cloth, which are scarce, and which
though they have risen in price estoPped from
any further rise from the abundance of the foreign
ucle, although the rise in the material warrants
further advance. This is the of the scare tY
of wooden domestic cloths, which cannot be produced
at Temunerating profit In Domestic Goods there is
large activity in Cotton Staples both for the home
and foreign demand and an increasing demand in
Dress Goods.
Ifw turn from the several articles Of trade to the
medium which serves to circulate then we find
necessary consequence of increased activity, bet
ter demand for money; but not only is the demand
great from this source. but there is immense army
of borrowers in the field, for internal improvements.
We have the Erie Railroad borrowing So 900, 900.
and more wants looming in the distance. We have
the Baltimore and Ohio r. Il. Company wanting TO
borrow S2,500,00O; and the Baltimore and Susque-
hannah fair round sum. We have the Parksburgh
Railroad loan before OF &. 100000 We have
North Carolina applicant for $500, 900 now, and
prospective call of SIS 100000 additional. We have
recently loaned the Ohio and Pennsy Ivania Railroad
Wiitiamsport Railroad Company Bonds for $500 900.
We learn to-day that the Cincincati, Hilsborough
and Parkershurgh Railroad Company will in few
weeks be applicants fer loan oil So ,000,0 900 their
Bonds ard it must not he forgotten that the Phila-
deIphia Railroad Company will shortly be in the
market fer 81, 600. 600 additional: besides these there
a multitude of others, large and small which will
swell the aggregate a'nonnt 10 sum that will swai-
low up all our receips of gold from the mines.
1t seems also that the London Money Market is
looking to us for further supply of the precious
metal which, in little time, shall have to eiva
her. when she has got all the cotton she wants. We
look 10 great future steadiness in its of value
though Te confess 10 fears of a rise when the
time comes round for the Banks making their quar-
terly returns, which will be simultaneously with the
revival of gold shipments. The very great rate at
which productive and internal Improvements 60
ing forward, is sufficient TO absorb not only all our
California gold, bul all the spare funds, and dccumu
lating capital both from abroad and at home.
ANY check from abroad would disturb our -moneta-
ry equilibrium. The projectors and managers Of
Railroads appear depend on Europe taking con-
tnua supply of their securities They seem to think
that large portion of her annual savings must be in
vested here where there IS much IppoTtu..ly for
It's eInpiU yment. cessatiC.. this current would
be productive of some little inconvenience and there
really = Some appearance that momentary afa! in
France AID England may impede he actiou Of for
eign investments crisis has cpmmenced in France.
which is YET ar from being ended. IN Eng.an the
dan far gold IS attracting attention and the increas
Ing demand for money by revival of ira 2, and
eciay by large imports of -four and grain, is direct
ing capt. for the moment from American securities.
Ii is rumored that recent Erie oan said to be
ken European account, is only taken, specuative
lY, for that market. New York capitalists have ia
ken it with view sell it in Europe: if not, it is
reported that it will be offered here, piece-meal,
the markets.
Let the supply of gold be what it may. the demand
for its increases with the supply for it brings al
in it's train increased consumption of all articles
of trade, which renders the increased production
great that is, inadequate to meet it; hence the
buoyancy of prices in general.
The production OF gold has become the great slim
uat9r progression. 1t disperses mankind ii takes
labor from where it is superintendent and vauelesS,
TO where it is deficient and in demand. 1t relieves
the old countries by emf grafton of their surplus pop
uation, and benefits the by supplying workers.
Gold, soIunjusty raduced by pseudo norasts is the
more valuable the more ii circulaes. The search of
it deveopes the energies of nations and creates new
ones.''