The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-08-14


Susp. debt .... ,43l, 74e IA
Branches 1,I732l6 8!
Other items. -. l.o2s,'os ss
Total 1874 5s7 ,24l 40 Total 1874, 5s7, s4l 40
By comparing this with the statement for the month Of
July, note the following changes:An increase in de-
posts Of SOL 1874 So; in specie hand Of $As77 AS in
discounts of 1892 co. and decrease In circulation Of
$685. 1856 80; in domestic exchange Of $S7s s75 %; in
foreign exchange Of $44 1925 S. and decrease in the
totals Of liabilities and resources Of $90s sos 81.
The following remarks from the Cincinnati GIsts OF
August 10, relating 70 the produce movements Of the
West, will be read with interest at this time
Our general market for produce continues in unset
tied and most unsatisfactory condon-s condition tend
ing TO stagnaton in trade and disarrsnsement Of the
buRnees operations Of West. The OF
tors of the interior and whose claims can neither be
quidated materially reduced until large proportion
| OF the produce now in the West 10 marketed.
There was but little money produce in the country
prior harvest There now much Of the latter but the
former is slmos: as scarce a. ever farmers generally
usng to cell at current prices II 10 admitted that tue
crop wheat in Ohio Indiana Kentucky and Southern
linois-sections that deal chiefly at this place-was
this staple Cincinnati harvest have not been as
heavy as for the corresponding time last year
avey practised. As consequence, collections
very light Country storekeepers are unable 70 col
10 pay their dsS to the city, and the the Ue
merchants OF ,hs latter are left to mansge the
DuTtnen Oest :ney This tends Curtal
there difficulties there remedy except in the move
men Of tue crops Farmers who unfortunate to
bel debt must sell and pay.
In this way only the machinery Of commerce, that
nov almost motonesr be started AS regards prices
must be evident TO the minds of Intelligent thinking men
that high currency out Of the question there
grouDos fes weeks ago, when failure the crop
was threatened, 70 anticipate Improvement ar
tcee OF produce but that this crop promss. fair
not an average there s no other prospect han
| Of con par aivey low prices.
| j A Obahi tv
OF any unless currency is lowered on this side 70
oil low prices is the Only way by which the barrier 10 an
| export movement. can be broken down.
THIS is STUD ,o'n fast Il cannot be explained
nor overcome oy Withholding stocks from msrket Il s
true that horne prices would be influenced Temporarily at
least by boarding produce; but this could cad only in
dlaster
The West is indebted to the East, and the latter ia
S onS,n similar ooisatons to Enrooe, AMI taose
sne aatter event. produce would fall as it fell
IN 1854 aud 1867, under the influence of panic,
Iar oelo e real value In tnis case the various
rests OF the country would suffer together. The true
policy, therefore, for ALL ia 10 guard against commercial
proraoD and 70 this end those deb and have
crops should convert the latter and discharge obi
cations.
The business would prosper better prices rule 10
tne END than could possibly be maintained under
is useless say that wheat worth 81 IS psr bushe
~ wnen hour brings less than IS per barrel in
asurpus Of wheat for this an outlet must be soygbt
on the seaooard and in Europe and in order TO avail Of
Mnea. may ne ned as ID being held now, aod thus
consumers such centres Cincinnati be compelled 70
req, while the main difficulty aggravated The debt is
que produce must be used TO pay it, this eau be a.
nseees-t dsngerousto fight against the OF trade
eope may stuboorny contend against inevitable results
or Time out such course is usually followed by ire
mennous eacrihce and q for ced submission
not the purpose Of this article ,uste as TO the
range Of prices in the future smp to point
out the difficulty that presentrlogs the wheels Of trade
Let the produce be sold matuyed or maturing obea
nons OF holders require, and the supply dsmaad
ne sooner people prepare for the better. II shall
turn OUT that the surplus produce in the country smaller
tnan generally supposed abroad the fact will soon b.
oeveoIed, business Ia only once permitted to swing
clear Of the distractions that now hold ast Let trade
get lary INTO motion, and SPECTATORS will keep the ship
toward high prices the errors Of trade are usually
commteo on this side Of the market. Initiation is the
RUE ana contraction the excep ion.
In st. Louis people are rapidly conforming TO the new
order OF things Prices have largely declined within the
pass week: Flour has been sold within . few days
ior september and October delivery ct 81 tor superne
and wheat going down in proportion private letter
yesterdays date advises that good brands OF tue for
mer could probably be bad for October at So 6 The e.
rect mas been to stimulate buyers While therefore flour
can be bought at So 10 81 10 st. Louis but little can be-
eApec'eo mere the way OF demand at current prices
The earnings OF the Central Railroad Company Of New
Jersey for the month Of July, 1859, were $50 ooo
For the same month last year. n 2sS
Increase. Observation-Disclosures. $27l4
Inc following La comparative statement OF the bust
ness Of the North Pennsylvania Railroad Company for the
month Of July, 1858 and 1852
Earnings In July, 1859 .......,,... s2s as7 81
Do do. 1853 ..................... 25033 II
Increase Observation-Disclosures. sl,354 20
Earnings in eight months, ending alst ult. OH 10
Do same time last year 1871 4S0 90
Increase. ACKNOWLEDGEMENTS. ss26a2 II |
The New Orleans Crescent Of August reports as fol-