The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-05-31
Less in
1856. 1854. 1855.
Bales. Bales. Bales.
Ss5,361 666, $3.50 ISL, 1903
6s4, eco s76,610 2o2, o1o
10000 40, 900 $4,000

Total. O39, 951 1858 269 623, 318
These are startling facts and, viewed in connection
fecty warrant the recent advance Tho above ststis
tics show falling off in the quantity Of American cot
las. year q % than bales p'' cent?
and this not at period when consumption is being
both from the ordinary annual and demand iei
heavier fabrics Turning 10 prices, We there find that
with this greatly reduced supply and augmented con
fhoss Of the misdling and lower qualities Of Xm,ricsn
bsve rot reached the prices Of last May. Then again
locking at the money market, we find the tendency
While last year the very reverse was the cass and
scarcely prepared to learn that our cotton trade is
We would ask, then, If under these circumstances,
there Is anything .unwarrantabe in the recent adj
brings to the position In last year. We are
here dealing with facts alone they stand at presents
as to the foture course Of the market It may well Be
al influence Of luppy and demand. II the spnners do
not require cotton If they not naces.tated to
into this market purchasers because they are either
well stocked. finding the demands for yarns falling
of opt "short time the statistics will lose much Of
their force but bort time is too hazardous eyper
ment to resort 70 except as last expede. from which
it Is to be hoped are yet at some distance Spin
complain that while the Liverpool market has ad
vancei I'd per pound, they cannot get than sd.
upon their yarns and upon this treat the advance in
the material unfounded The complaint would
higher prices for the raw material proportion as they
obtained advance upon yarns This Market after ALL
must be influenced by that Of Manchester she must be
able to follow TO any point to which ascend It
csrnot be maintained; that Is axiom In the cotton
trade and it seems likely from the course nov being
pursued that the power Of Manchester viii be fully and
fairly tested to the utmost.
Breasstufs remain without material alteration both
regards prices and demand Indian had advanced
shilling per quarter. The weather had slightly i'm
proved and the prospect of good though lsts harvest
was better.
The financial accounts are OF an encouraging charac
ter, but do not amount TO much The most important
item is the increase OF bullion In the Bank Of Engand
The last rturns compared with those OF the previous
week. show increase Of EARS oS2 in the stock Of bull
hon In boh departments of s674 SIS in the notes
employed and Of coo $50 In the rest The public eepo
sits have decreased 81 8s2 the other deposits f240
44t tie government securities, E2574 9oe the other
cures and the notes 10 circulation &l4e o95.
This Of bullion Is accounted for BY tho follow
ing reports Of continental markets for gold
The quotation Of gold At Paris Is abou. at par accord
ing 70 lie last tariff which at the Epgsh mint price
Of 90 lis 10kd per for standard goid gives
exchange Of 2b1 and the exchange ~ Paris Loneon
at short being 90 It follows that gold is about OLE
per cent dfarer in London than in Paris
BY advices from Hamburg the price Of goli is 42is
per mars, which, NJ the English mint price Of f3 lis
iod per for standard gold gives exchange Of
lsa1s; end, the exchange at Hamburg on London at
short being 1861, it follows that gold is SO psr cent
eearer in London than in Hamburg
Gold Is bearer in London than In New York The rate
Of exchange in this city London say 1o4 psr cent
premium. The par OF exchange between England and
America being 1o9 2340 per cent II follows that the
change nomiually 81 per cent in favor OF England
and after making allowance for charges Of transport
and difference Of interest, the present rate leaves
profit on the expectation Of gold from this country
Quotations for consols show an advance Of one Der
cent during the week. American stocks were not active
but prices we're steady. Barring says
Tie business bias been very small this week without
any marked variation In prices. Canadian securities
have improved in value. United States bonds 1868,
1o6 loS nominal. Buyers OF Massachusetts sterling
SIS bonds at par Maryland IS sterling o. buyers 02,
sellers. Pennsylvania 5's inscriptions " 10 nominal
also bonds at 50 aS4H. Virginia 8's dollar bonds
&c SO. Pennsylvania Central 6s bonds 1st mortgsge
s9x co. ditto sterling ga morgsge) SO. Canada gov
eminent per cent bombs 1ooh sle.