The New York herald., 1860-09-19

Since January L.. sls Sse ESQ a. s9s sss % ru,Tss
The export OF brcadstuffs to Great Dritain 10
about equal to $50 600, the largest week for
long time. The recent sdvices viii probably check
shipments, though the check Will, In all probs-
blity. only be temporary. The excess over last
year is nov equal to sl7 200 ooo-over thirty three
per ceDt-snd there are no signs thus far OF any
Cessation Of the movement.
wo have by telegraph from Cape Race two
days. later news from Europe. The British funds
are quoted firm at last figures; cotton also ID firm;
bresassuns are dull. The news with regard 70 the
harvest Ia very satisfactory. The weather had i'm.
proved, and farmers were gaining hope. We need
not repeat at length whs, we have so often said
that an Improvement In the British harvest hs
matter Of rejoicing here. There are shortsighted
sad ignorant people who fancy that short harvest
In England Is gain 10 the United States because
hpuss up the price Of breadstnfs, which we export
These persons forget that for every bushe Of wheat
sent TO England there six or eight or ten con.
sumed in this country, and that every advance Of
cent bushel Ia 40 much the more extracted out of
the American consumers pocket; that cheap food
b the life Of trade and industry, and dear food
death blow 10 both that short harvests In England
check the consumption Of American cotton. and
disturb the money market, not only 10 Europe.
but in the United States; finally, that every crop
that is lost In so much property actually
taken out Of existence, and q reduction pro fanfo
Of the worlds capital In trade for the time being.
Persons interested In the Western States are some
times heard TO express apprehension lest the re.
covcry OF the British crops should prove injurious
10 the West; the OF the stock market proves
that these views are entertained by not q few,
They are, however, bascless. The West win
thrive with much lower prices for grain than those
now ruling. OF course we shall be told that wheat
cannot be moved u the price falls below this or
that point. But these assertions must not bs i'm
plicitly relied upon. whea wheat was worth o. .
bushel the farmers asserted that they could not
AFFORD 10 grow and ship Il by rail II II were rs
cents lower. They said the same when The
price was 81 so; the same when n fell 10
81 IS; the same when II fell TO si 10; they
say the same stll, and yet they have all
the time been growing and shipping IL by rail- aad
making money at the business. The public may
make itself easy about the West. Ih immense
stores Of food win come forward, even though
wheat should fal consid srably lower; and EnA and
win continue 70 take large supplies fron here,
even though the crops should improve steadily TN
harvest time. The only difference win be that
food, here a. well as there, win be cheaper, and
general business the more healthy.
The money market Ia active at seven per cent.
with exceptional transactions at 6i. Very prime
acceptances 20 at the latter figure, and loans on
call are occasionally made at the same rate. The
regular rate, however, IL seven. We hear Of 10
complaints Of q want Of money.
The exchange market for the Boston steame,