The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-12-12

adopted report giving the receiver Of the Crystal
Palace to the LIST Of May next to remove that edice
resolution appropristing s. 900 for the purchase
Of broken stone for the Kingsbridgc and other roads
In the nOrthery part Of the city was also adopted
The steamship Kangaroo which left this port on
Thursday for Liverpool. took out three hundred pas
sengers and $266 900 in specie.
The amount and value o: American produce re-
tanned in the interior at the close Of 1857 viii be larger
than has probably ever occurred before in the his
tory OF the country, the cause of which has been
attributed in part to the sudden and serious con-
traction of the banks and the setting in of severe
panic soon after the commencement Of the forward
ing season of the present years crops. This panic
bore with such pressure on the banks in the
interior to disable them from afording the usual
facilities to commission houses for them to ship pro-
duce to the seaboard as had been customary in
other years. Some part of the detention must also
be ascrbed to the apathy of farmers either to pay
debts or to sell their produce at fair market prices.
These causes, or whatever else, have had the
effect of keeping back produce to most
extraordinary extent. If we assume. which
doubts that the crops of all kinds have been
greater this year than they were in 1885, and con.
slider the falling off in receipts at tidewater or in the
seaports this year. compared with last up to this
period an estimate of the amount of the deficiency
can be formed and its value ascertained by current
average prices. Thus, by comparing the deficiency
of receipts of produce at Albany this year with
those of last year. and fixing the average prices cur.
rent tor each, shall find from careful examina
ton of the Official tables that the total value Of the
deficiency or of the produce retained in the country
below the receipts of last year, amounts 20 about
s17,72a9S6. The cotton crop Of ls57 no one
magines to be below that of last year. and no doubt
exceeds it. Yet the deficiency Of receipts at
the Southern ports amounts to 33l 900 bales.
which, estimating the bales at 400 pounds each,
and the average price at ten cents per b. $40 per
bale gives total value for the whole retained in the
country Of SIS $50 000 This, added to the value of
the deficiencies in the receipts at tdewater Albany,
gives the following results:-
Value OF breadstuiis and provisions in the inte-
ror not forthcoming Al Albany. ...... ST., T2a os8
Value OF cotton not forthcoming at the sea
Ao'Sfoooo
SSo sos, soo
As the crops have exceeded in amount those of
last year and taking the deficiencies at ether points
we may safely estimate the probable total
value Of produce retained in the interior at about
$35 600 900. This amount of agricultural produce
must come forward and be superadded to the bust
of next spring, after allowing it to be equal to
what during the past spring and thus greatly
augment the trade of the season. giving increased
activity to transportation lines, and renewed life to
all branches of trade.
The sales of cotton yesterday embraced about 800 bales
chiefly in small lots to spnners without change prices
Dealers disposed to await the receipt OF the Europas
news. Flour without change Of moment in prices,
while sales to- moderate to the home trade
with some parcels for export Wheat steady, with
fair amount OF sales a, prices given another column
Prime to choice white parcels continued to be
Corn sold moderately at nc. 79c. for Western mixed
and eoc eac for Southern and Jersey. Rye sold
AT 75c FOR Northern Pork dull with limited sales
SIS IS for unnspec'ed country mess and $6 SO for city
new, inspected. Prime at s14 sl4 %. A sale Of
leo hhds crop New Orleans sugar fair to prime
qualities, made By auction yesterday, which drew
good and spirited company, and the prices obtained
ranged from &C. which considered to BE- very
full rates; and about roo 800 hhds. Cuba muscovado
with small lots Of Porto Rico, and 200 hhds moado
sold TO the trade at rates given elsewhere Coffee was
quiet Freighis for grain Grmer, with Offering,
and abou; 80 900 bushels taken for Liverpool "a
Sd. and asou, $500 1000 bbly -four a, Is 3D. with
oilcake to Inndoa at -.