The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-03-24
AND COMMERCIAL.


SUNDAY, March 23-6 Pm.
The stock market during the past week was only
Moderately active. Prices in the early part i'm
proved fraction or SO, but the advance could not
De sustained, and at the close there was growing
disposition to realize. The movements Of specie
ire daily bec,ming more important. The exporta
ion last week was large, and as the season ad
Fances it will, without doubt, be immense. The
mportations Of foreign merchandise have not,
within the past week or two, been very heavy, but
here are many cargoes afoat, most Of which are
doubtless near at hand, and will come in the first "a
Forable wind The losses ON most of the dry goods
Pn board sailing packet ships long since due, will
be very large, and we understand that the proper
ion owned on foreign account is considerably
arger than usual This will reduce the remittances
or their payment, and help the market. The ex
bortations lately have been limited. The season
pas been decidedly against all branches of our
Poreign trade. 1t has restricted both our import
md exports, and to those engaged it will be by no
means profitable. Until our internal naviga
lion is resumed we must not look for much
activity in trade. The movements OF pro-
luce from the interior to the seaboard markets
will not be in much volume until the deep SHOWS Of
he country have passed away, and our railroads,
canals and lakes in condition to transport the
immense quantities waiting at all points for mar
ket. In the meantime we must expect to see prices
gradually but steadily settling down. The enormous
Crops of last year have yet hardly been touched and
is utterly out of the question for such prices as
have ruled during the past year or two to be sus-
ained. The supply will, within the next sixty days.
be- beyond doubt, very largely in excess of the de-
mand. Prices must then, if they do not before,
come down to lower level than has been known
Tor years. From present appearances our next har-
vests are likely to be equal to the last perhaps much
greater; and in the absence Of any foreign demand
af consequence, we likely to add to our surplus,
instead of diminishing it. The high prices ruling du
1ng thelast sowing season gave great stimulus to
cultivation, and the breadth of land in wheat is pro-
baby at this moment greater than ever before
known. The deep SHOWS Of the past winter almost
guarantee more than an average YIELD and the future
certainly filed with everything tending to the
prosperity Of the agricultural classes.
Spectators purchased very largely last fall of the
farmers breadstuffs at high prices, and nearly all
The benefit derived from the high rates which have
until lately ruled for last years crop realized by
The producing classes. Those who failed to sell
then made mistake; but the quantity in hand will
partially make up for lower prices, and all be remu
nerated If the crops this year turn out good the
market value will be still further reduced but there
is no danger of going below paying prices to the
producer. Good crops, as general thi ng, guaran-
tee prosperity to the country at large. An abun
dance guarantees low prices, and consumers are
Thereby benefited. Cheap food is a matter of more
Importance on this side of tile Atlantic, now, than
it was ten years ago. We have now such popula-
of consumers that it is Of the utmost consequence
that breadstus and provisions should rule at mode
rate prices. There is country the face of the
earth where all the necessaries Of life can be pro
dpced in such abundance at less COST and there
no reason in the world why such enormous prices
should rule for breadstus the consuming classes
have, for years past, been compelled to pay.
kSpeculators have had enough of monop0lizing for
the present. The farmers will, without doubt get
prices, during this year, with all our supplies which
will be sufficiently remunerative while the consum
ers will be more favored than they have been for
years. All this will add to the prosperity of the
whole country. 1t will add to the production and
consumption of all manufactures give greater &C
tivity to business generally, give full employment to
all our works of internal improvement, aid and en-
courage every branch of domestic industry and add
materially to the comfort and happiness of the
masses.
The money market continues without mate rial al
teration. The rates remain as last quoted. This
month and next are generally the most difficult to
get through of the first six in each year. The pay
inents into the banks during the month of March
are usually very heavy but this season they are par
tcularly large. We do not look for any reduction in
the discount line of the banks. There may be no
increase exhibited in their next returns, but con-
traction at this season Is q very difficult matter.
The expectation of specie from this port last week
smaller than expected. The estimates were over
million of dollars:
SHIPMENTS OF SPECIE FROM THE PORT OF NEW YORK.
Bark An agonist Buenos Ayres doub's,.. $2,425 90
6 Mex. dollars, $500 90
Steamer Africa, Liverpool Cal. gold bars. 34l276 60
y. s. gold bars. 166,666 80
/" :" American gold. 100, coo 90
/" gold and silv. en- $4,000 90
French coin..... 49,029 76
/" Cal gold dust. 1000 90
Brig Winthrop, Savanila, French gold... 1885 90
g silver 80. $3.50 90
Steamer Hermann, Bremen, American gold $1,000 90
4