New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1858-02-09
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The Stocks in the Ports considerable through
total believed that Spnnes held les. by 20 OCo bales
the end than at the beginning Of the ut this rests good deal
prepared that they have reduced their stocks
the proportion although they not largely provided
According the estimates made At the end OF September me
stocks should have been reduced about nil the end OF the
S Our oceT ement showed that by the beginning that
month the Consumption had begun to be affected to the extent
30 900 bales in American Cotton which deficiency was how
reduced to about 100000 bales by The excess In other de-
scrpons but from that time forward contracted more rapidly
extensively. OF the consumption In this country have
sready treated In the LIST January OF the export OF
Sp to- h Rs rD he Ppy did not &
much from those Of the same period of last year during the
reduced.
The consumption in France h,, suffered thushou, the yssr
sppners in that country have acted with much prudence and
position In spite Of the uniayorabe result of their business The
Swiss trade has been OF hani the French but in
scturs have suffered most severely and they not yet
affected by the high Cost Of the raw a nal but the manufac,
body satisfactorily situated The manufacturing
hmet II numerous banks and credit Institutions since 1856
md is be apprehended that it has been mpeed rather
ports through Holland aud Trieste The consumption of
Cotton has fallen Of considerably and the present financial
The prices have been sufficiently high
sber under the ae G ,eg TG Which d dha ten
Summer that Fast India Cotton offered far
bodest operators u. description of Cotton turned in
nsy ons IN sssae Hen od and e"a numerous mes
until the complications when the time for payment came caused
tie greatest confusion and which many in
The monster Cotton being surhaEed not only with
bit with sand has to nolerabe hight 1t is quite inn
possible that the quantities which have been mixed up With Cot
ton have found their way there by nadvernce
piDner their resoey against buying SUCH for has
proved dear at q5y price and RUNS the mo the bar
nI for there neither profit to our friends nor pleasure to US
The future Of Cotton clear before u.s. have returned
% na & rS s rs's even, wl m the Sken Dp
fOra firlef VET
what Of far greater importance credit will run dear from
probability Of any great nducement for speculation We adopt
the European consumption ofhe past the type for that q
States bales instead of 7O>OOO bales which appears
will probably be the extent shall require total Of about
27CO bales Of American Cotton this will be abundany
piled the a the United States should eventually turn
send us lOO6 coo bales less, which is likely
The which all emerging has been exclusively
pelence, famine the burden and the losses have
ALLEN chiefly aPcp the higher clss.essOf commerce eav
ticts where manufacturing industry has been temporarily inter-
6cp 6s and naS are ,aad aa ana Su To T
opening The dream Of universally high prices originating
that consumption had oveaken production be given up
for the present until the warning Of general prosperity
beard once more In the course Of some II rather
remarkable Circumstance that the three different ys-
tens Of circulating medium prevailing in the commer-
cl@l woTd-the paper the mixed and the exclusively
s-haye been tried in quick succession and that Of
panic Reject was experienced IN the Unted States soon as
the banks suspended cash payments and paper became the only
Our panic came 70 al end the iron rule OF
the bank act aside and the community became that
an additional supply Of paper obtainabe But IN
Hamburg with purely metallic the panic lasted
longer and violent than anywhere because previous
machinery existed 20 provide temporary symbol for circulating
medium. his 10 be hoped that principle Of elasticity will b.
introduced into banking laws during The ensuing session Of
Parliament avoid The necessity Of infringing habitusy
law otherwise salutary.
Money becoming cheap because l. wanted; the Bank
gc plethora Of bullion, and the discount will probably b.
I,ouced There eelers ia the Share
de nauds Trade gradually recovering the
ports bat is apprehded that prices Of descriptions Of
produce mounting too quickly o BE- supported The
featuring district. d following but slowly.