The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-08-02
tive and buoysnt, it was believed would prove tenn.

tive and buoyant, II was believed would prove tenn
porary.
The exports Of cotton piece goods have been quite
moderate For the week ending the 26th July they
embraced in value about &c. 200. OF this Aus
tralia took over half $9,ll2. The remainder was
divided between Brazil, Granada and Hayti. Brown
sheetings have been sold for export at &c. for heavy,
and at 7c. for light The close was firm. Bleached
goods were in better demand-advanced &c. &c.
for heavy qualities, while fine goods were dull.
Drills were firm, and well sold up TO stock for ex-
port at Sic. for bleached, and 9lc. for blue, and
holders were asking higher rates. Osnaburgs were
firm, with more doing. The changes in prices Of
other descriptions of domestic goods have not been
of sufficient magnitude to require any detailed notice.
The ass0rtments Of shawls generally opened and
very complete. Foreign goods are well sustained,
particularly wooen fabrics. French staple goods
are in steady demand but without change of i'm
portance in prices. 1t is said that our market for
oreign goods is lower than that Of Europe and that
articles could be returned to that country and
old at profit. This, if true proves that they have
been crowded upon us faster than the demand thus
far has justified. Should the imports ever hold up
it is likely they would after little time more nearly
approximate foreign prices.
The London Bankers Circular, of July II, con-
tains the following remarks relative to the money
market and the movements of bullion
The movements of bullion have again interrupted tina,
repose which many anticipated had would result from
the Termination Of and the arrivals OF gold from
trala We cautioned readers short time since against
placing TO, much confidence in the mere arrivals of the
precious metals into this country from the fact that they
sent here the centre OF distribution various
of the continent of Europe into countries where
IN England, gold was not natural production and where
possession Of only be secured by the
cal and financial operations between country and
other. These operations have now become so rapid in
their influence through Geographic dispatches
communication, that the foreign exchanges do not
accurately indicate the movement OF the pre-
cious metals and those who place implicit
lance upon them will frequently find themselves
deceived 1t has several times occurred during the last
twelve months that while the exchanges between this
country and France have been favorable to England,
France has been importing large quantities Of gold from
this side OF the water sometimes happens that this
operation is going in conjunction with unfavorsble
state Of the exchanges The returns Of the Bank Of
france up 10 Thursday last show that pur
chases OF the precious metals have been made during the
month by that establishment though not to the extent Of
the previous month, and yet there is dimnution of
l16,l33 decrease Is in the central establishment in
Paris This fact in all probability, became known to
the Directors Of the Bank Of England at their sitting
Thursday, and Il so, was sufficient TO caution them
against any reduction in the rate OF discount Another
fact also has contributed to the result that the large
importation Of gold from the United States, while the
exchanges with. this country admit only Of very small
profit has been sent hither for the purchase OF silver
and French Rentes Such circumstances as these will
probably continue to frequent fluctuations in t1e
London money market and prevent that great fall in its
value which some have anticipated; and credit
and monetary systems Immediately affected by these
fluctuations they will be felt much more acutey than 10
those countries where credit s based upon a more
tended foundation. We have before stated opinion
that retain only portion OF the precious metals
which arrive in this country, and that that portion will
be constantly fucuang according TO financial and
commercial transactions with other nations
The returns Of the Bank OF England 10 The 9Th instant
fully prove the truth OF these remarks by decrease OF
Gi62 SIC in the amount Of specie; and active de-
nand for export has continued since the cate Of this
turn the probability is that the OF the bank
will show a further dimnutoD. From these results II
appears that neither during abundance scarcity
OF gold, does present monetary system secure US
aga INST sudden and constant q EQUATIONS.