The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-08-01
FINANCIAL AND COMMERCIAL

-
suxnAY, July Sl-6P n.
Ihs leading event Of ~ week which ended yesterday
IN Europe We took 70 remark q the tiuue that
that intelligence, threw tho stock money markets
Of Europe into great exctemeut Of
70 ten PER centn pablo seCures, led 10 general fall IN
the rate Of interest, and seemed 10 naugurate
in financial and commercial AFFAIRS, had proved pc werless
either for good evil in markets. Neither money
nor merchandise foreign exchange, stocks were
anectsd by IT, orc way the other.
Nearly week has elapsed them and we may still
confirm the remark. Cotton alone. which improved In
value in England aud France the of tie peace,
has felt the effect here In corresponding advance
Otherwise there has been change. Exchange London
and Paris has not vaied the latter has fallen fall
began before the news or peace arrived, and arose
altogether from . oomptsion among drawers. Money,
Witch might bsve been expected 70 decline in
sympathy with the decline in Europe has, the Contra
ry In Consequence Of the among lenders
created by the lmportaions ant the OF
banks. S'ocis Gull ever; State stocks have
tery been pressed for sae apparently by parties VIII,
looking for per cd Of bArrsBsment In money this fall
Az for merchandise, with the exception Of cotton OF
the staples dealt here has been Allotted way
other BY The Busioess ACTIVITY has neither bsen
Increased nor dimIpisbed by the pssoe.
rather pet speak pointedy of the
effects Of the peace on commerce ana noauos. Much w
depend upon the nature the se.t which Eu
Ioptan Powe agree upon with regard TO Italy Tue Br
tish press ia Of option that the eetteme viii be
that pohus has been achieved for hoe
y or ord,r. II this prove 30, the pssce hardly
assist trade, and long per,od Of uneasness, during
which the flow Of capital will be sluggish and the pro
grtss enterprise dul bs expected throughout
commercial world The English, ho~ever, have blum
dered perssiently their predictions respecting to-
Emp and his designs, that they may be wrong
they are-f Italy be reconstructed y besis whic
stall Deprive OF the power hitherto welded
by ber-n law ard order be established tnroughou. tb
Peonsua-lf the onerous taxes which have hitherto I'm
peoec Italian commerce be removed, and fair play gyer
10 the natural energies Of people
couDryn oil ttbs be the ,esul. Of the and nohing
has yet happened which renoers ouch results iuProoa
ble then the will naturally pc Terfa
astipg influence trade lay ought TO be boto larg
producer and large consumer. Our trade
Genoa, which hiss sprung up quite recently, chow
bow important member OF the commerce.
world Italy would become If all the Italian Sta1es wer
jealous in their endeAvors for the devels cement o
commerce ss Sardinia. Lsublr6o Veneiia gro vs &c
finest grain 10 Edrope under q less system
tsxafon aud more co ghsened LAYS, the L,mba'ds
their Deebhots might largely increase their produ zion
grain, silks and other manufactures s, CT Tasclay ao
The rspsl Satss, which at present hardly be
cxst in commercial poin. Of view but which,
enlightened government, might and you'd become actv
trading nations II Napoleon succeeds 10 pa 9riog Itaa
nationality stable basis, Italy csnuo. but becons
Of the most important commercial countries OF Europe
IL vii be- boweser, great financial centres of
~orlf--ss London, Paris, Vienna, Frsokfort, Berlin
New YoiS-that The patme OF the settlement OF to-
italian question will be most decidedly felt Ii .na.
meDt command pubic confidence mooey Will 1,v &c
hese centres With auca rap.cy necessarily
lae enterprise and commerce to the highest degree
II, on the contrary, the settlement should tempo
rary and merely calculated 20 tate furtaer
distant period, mooey will be Withdraw
from cir culaon confidence will revive, and Iyede
reu,sn dull.
We are now beginning 10 feel in this city the
ment Of the fail trade sth the interior, which will pro,ab
be the larges, know. The imports to
Port, both OF dry goods and general lodse, a,ro
the country buyer variety sIoh he enjoyed
jore and in consequence of the of ra,ions
prices pretty to rule low. Tness
have already attracted larger number country buyers
than ufual at ibis season. the hotels already
crowded. ana tee prospect that August will prove
month of upexampco com nercia activity Both South
West are tnaoled TO buy freely The latter is just
ng the largest crop OF grain raised ia the Uniteo
atesgIap too Guer Ia quality than has been gro
yesTs The South Mt 10 market nearly the ools
the cotton crop of 1885, ia round numbers, 900
bales, the price of which has averaged higher than
former crop. This year much additional lau! has
been planted N cotton, and the weather has IA
vorAoe that the cropor which the first reach
ed New O,lears last geek from Texasis estimated 81
4fto GOO bales. This yield will find q gooa
market present prices Europe continues remain
peace.
Many OF the importers argue that they have not
done their business this year. They say that popus
ton and the consumption Of tho country have nc
snce 1857 and .bat the aggregate meorsa
tons seem, they the country requi-es
and can afford to purchase Aiew days will enable the
public to test the soundnese Of assertion For the i'm
poriers rake s TO be hoped that they may be right
But the figures are very formidable.
The following the official Custom House tables
Of the foreign trade Of the port for the past week aud
January L.
For the Veek. 1857. 1853 1879
Dry foo5s. 49,. s3,9b8 ,3I8 2,97g675 42lO a2S
Gen meIch'dse 2,Z77,b27 1,936,759 2,742,6
Total for week. se,245 s4a 4916434 1852 ia
Prev'iy reported 140,463,7s2 7lGl5Is4 Jas 4ay3J1
Since Jan. ,6s5 s75 elS $l52, 1892 ose
EXPORTS EXCLUSIVE OF SPECIE.
1867. 1853 1859.