The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-01-30
FINANCIAL AND COMMERCIAL

cuNbAH, SaL. ~, lcoV
The increase in cotton receipts over previous
years has not yet begun to decline all predictions
to the contrary notwithstanding. Last cotton week
the receipts were 10000 bales, against 10000
same week OF 1859, and 69,0 600 same week of 1858;
so that the total receipt to date in now 2612, coo
bales, against 81 600 to same date last year. and
l,290000 10 same date 1853. The export to Europe,
both from Southern ports and from here, continues
very large; the price, however, is not quite as firm
as It was last week. II is qnoted quiet in Liver
pool. Many dealers have been expecting decline
here, and have been surprised by the steadipess Of
the market on the other side; but these parties
probably pay too little attention to the gradual
spread of cotton goods throughout the world aud
to the steady increase in the consumption Of cotton
throughout the continent OF Europe.
In breadstufs we note very qnet market, with
ont material variation in prices since last week.
with the exception Of corn, which continues to de-
cline in consequence Of the receipts. The advices
from Europe do not encourage speculations in
grain or -four here; notwithstanding the deficiency
in the foreign supply, the markets of England and
France remain stationary, much to the disappoint
ment of holders here. 1t is, after all, question Of
patience. There can be NO doubt but both
quire -four Of us before next harvest. But until
they have consumed the heavy stocks they had on
hand when the crop of 1859 was harvested, their
markets may remain sluggish. In ordinary times,
when business is active, such contingencies are
foreseen and discounted beforehand; but last year
was so dull that merchants and specu-
lators do not seem to have got over it yet,
and appear unwilling to take any risks. The corn
crop in the West is turning out very well; Southern
Illinois is producing more than ever before.
Milling is going on very actively throughout the
West As soon as navigation opens there will be a
heavy shipment OF -four from all parts of the West
ern country.
The foreign produce markets look we'll as q
| general rule. There is more business doing in
! tea than has been the case for some time past,
and prices rather firmer. The stock in second
hands is limited, and holders seem to think that
the necessity Of consumers will cause an advance
| in the market. Sugars are depressed, and de-
cline Of sc. has taken place in the price-a natural
reaction after the late advance. Coffee is higher:
| at late auction sale very high prices we're OBJ
tanned for Rio. We are exporting coffee freely
just now. Hides are firmly held, but buyers do
| not seem inclined to meet the views of holders,
and business is rather dull Spices are quiet Wool
was dull in the beginning Of the week, but closes
frmer.
The spring season of the dry goods trade does
not open brilliantly for the importers The stock
Of goods on hand is unusually large, and from all
that we can learn there viii be some dminution in
the purchases by Southern houses. Some buyers
from the far South are in town efecting pur-
chases of staple goods; the Virginia. Kentucky and
Tennessee buyers are hardly due before next
month The West is expected to buy freely this
spring on the strength ofthe crop of last year. and
the general recovery Of business. As, however,
the importers are taking even more foreign goods
than last year, there seems to be every prospect
that prices will rule low late in the season. At
present. the importers ask more than they did last
year; the jobbers are buying sparingly.
The following are the comparative Custom
House tables of the trade Of the port for the week
and since Jan L.