The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-08-22
FINANCIAL AND CONNER GAL.
SUNDAY, August 81, 1859

SUNDAY, August 81, 1859.
The business of the week with the interior has
been better than last weeks. The dry goods
dea ers report better inquiry for goods and larger
sales. They seem to think that the auction sale
which came of on Friday, and which was well at
tended, will give tone to the market and disap
point the expectations which have been entertained
of lower prices The effect, we apprehend, would
be more surely attained by brisk reduction of the
imports. This, perhaps, will come about by and
by. The Western dealers are buying moderately
They seem to think that buyers from their country
will come in to make purchases throughout the
balance of the year, as the movement of the crops
provides them with funds.
1t seems to be now universally admitted that
England will want some wheat from us this fall. 1t
is yet too soon to estimate the actual amount
OF damage done to the crops of France and South
ern England by the drought and subsequent storms
in July; the deficit may prove quite considerable.
But all the letters from the other side concur in
stating that some wheat will be required Thus
far the movement of the crop has been very slow
This does not arise, as is too generally supposed
from unwillingness of the farmers to sell. They
on the NATTER and, besides, present prices reward
very plainly that the longer they wait the less they
will get for their stuff The true cause of the delay
in the receipt of the crop is the disorder into which
the organization by which it is forwarded has fallen
Most of the dealers who bought flour or wheat
in the West during the past month or two
have done so badly with it that they are not
in condition to renew their operations; many
of the banks for the same reasons are not prepared
H. H.
crop. These and other obvious causes of delay
may keep back tie first of the wheat till the end
of the month. After that time it may be expected
in large quantities, and the market here will pro-
badly give way. At present it is buoyant with an
advancing tendency.
Cotton is firm but inactive, as usual at this sea-
son. Efforts are being made in quarters hostile to
the South to create an impression that supply
of cotton large enough to affect the market price
may be expected from India and Western Africa.
The planters need not disturb themselves. There
is reason to believe that the cotton of com.
merce can be produced at all in Western
Africa, and as to India, it is we'll known
that the British milers could do little or
nothing with it, had they not American cotton to
mix with it. The prospect is, that the peace in
Europe will impart remarkable development to
manufacturing industry throughout that Continent,
and that, even should the crop fulfil its present
promise and amount to 100000 bales there will
be demand for the whole at or above present
prices.
Foreign merchandise is generally quiet. Teas
are inactive; they held in few strong hands,
and will not probably come freely on the market
until an advance takes place. Coffee is better, in
consequence of the exports to Europe. Hides are
very dull and lower; so is leather. Sugar is rather
better. In a few weeks these and similar articles
will probably become more active
The following are the comparative Custom House
tables of the foreign trade of the port for the week
and vincn Januorv