The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-10-30

II
was - follows:--
| Total receipts ACKNOWLEDGEMENTS. $6,oSl 2lo
Total payments. no ssS oco
Iotai balance. ~ 80
Cold notes $4,000
The total value exports from Boston for the week
ending October 20, including specie, was $627,02a
against sl75 ss5 during the corresponding week In 1885,
The balance in the hands Of the Assistant Trea
surer in Boston at close OF business October H.
s14512 l7s-sIl $685. 2n Of which In coin-showing
an increase Of lal compared with the close Of
| the previous week.
A convention Is 10 be held ct Oklahoma Miss ON No
r. for the purpose Of making arrangements
building a railroad from Memphis TO that place. and
thence in the direction OF Selma, Alabama
The Charleston g. C) Nes has positive information
that the capital stock has been subscribed for an Air
Line Railroad from Atlanta, Ga, TO Charlotte, N G.,
via Anderson and Yorkviilc, @. II will shorten the
distance between Now York and New Orleans nearly
twenty-four hours.
The Columbus Ga) Sun states that raj, enough TO ex-
tend the Girard Railroad twelve thirteen miles below
Union Springs rs the way to that CITY, and tho
able probability IL that the road viii DO completed below
Union Springs by the last Of December Tho grading Is
already completed aud cross ready will be
for the reception Of the IRON
There Ia a strong probability OF the proposed railroad
from Lynchburg to Danvlle, Va being completed at
early day meeting or the stockholders for tho pur-
pose Of organizing the company TO DO held at Lynch
burg, November is.
The Western Pennsylvania Railroad connecting Ale
Rheny city with the Pennsylvania Central Railroad by
way Of Freepor and Bairsvie has Just completed
and trains win shortly be running the
regularly
The Illinois Central Railroad Company, It is stated are
discussing plans for connection between the two lines
OF their road about midway between Chicago and Gen.
trna One plan ia for road from UrbanA the Chi
cago branch to Decatur smother proposes TO from
Paxton on the Chicago branch about midway between
urbann and Gilman, to Heyworth, the main stem,
about midway between Decatur and Bloomington; while
another proposes to connect Bloomington with Kan
kakee
The Fox River vaIlev ILLINOIS, Railroad win probably
be completed. The city Of Ottawa has recsntiy
appropriated 900 to aid In its construction.
is stated that the railroad from Lake Superior TO
Hudson, the st. Croix Yver and thence to st. Paul.
Minnesota. is TO be built immediately.
The Koshkonong Valley Union Railroad Company was
xanIzed at Edgnron Rock county, Wisconsin, recently
The object this company the construction OF rail.
road TO Portage City Columbus with Milton or
GAINESVILLE.
The capital stock Of the Hanover Branch Road dass
n all subscribed for and grading TO DO commenced as
possible This road leaves the Old Colony at
and South Hanover TO Hanover Four Corners
The Manchester cotton mills are now working ON short
time tho main purpose Of the mill owners IN reducing
the hours Of labor being keep down price Of the
material which It 10 expected will riss when the
extent Of present years cotton crop In the United
6atsais fully ascertained. The crop hero n varously
estimated asfom six hundred thousand million Of
bales the estimate Of ne bsst Informed being Arpe
| quarters Of million In Inference 70 this and thp
English market the following sesulatous Of the London
| 1coHossia Of October Vars worth quomag:- 81 sfy#.
Without venturing into the pevilons domain es pre-
Bearing on The yoSoSs a H.s & ssss q sSs
susssion. tina. Is Of supply and price. Frs, 70
stock Tho present stock 10 S65 90 bales or nearly
csssdsrabIy larger Ssn IL has been FOR long series Of
years But - the export y large and the consumption
Increasing and the two together ~i oonsderssy q;
stock Of $4,000 bales, which Is ample but not
excessive. We look tor continued home demand At
the rate Of 600 bales per week. and total for
the year Of somsthing million. It is already
exceed our consumption and our exports combined BY
about 200 900 bales IN other words actual supply IL
Of things which, unless modified BY we'll grounded an
ticipatons Of coming change In one or other Of the
therefore. thirdly what are Inc future prospects, Ger
tanly continuance Of the present large home demand,
but scarcely any material increase. y, =" we
=. work. Probably. also continuance Of the
demand for export and perhaps augmonta-
tion, II peace fairly settles down upon the continent
OF Europe The consumption OF cotton, therefore,
may be expected 10 increase rather than otherwise.
But how regards the SUPPLY Tins must be Of course
nearly altogether conjectura or the crop the United
states nothing be predicassd With confidence. It
may reach two millions or two and half though con-
siderable authorities place It lower than either but
even II reach the latter figure, 10 there any reason TO
believe that We shall obtain much moro than We have
done this year? Scarcely The terrible arrangement
OF commercial credit which has prevailed at Bonn
bay viii not only retard the transmission OF cotton
thence, but probably ESPECIALLY whom accompanied
with the lower range Of prices which must be
looked for and Is In great part already estab-
shed) check production, while China will again
claim IT, former proportion Of the crops.
Perhaps therefore, would be wisc TO calculate that
any increase from America win be At least counterbal
anced BY the decrease In tho Indian supply. From
Egypt may look for perhaps two hundred thousand
bales moro than this year. and from Brazil neither In
diminuton Tho aggregate Of all these con-
sidcraons 10 point 70 considerable steadiness
Of prices. with probably downward tendency. There
will be stock large enough to keep speculation in
check. and consumption and demand for export large
enough 70 control dcspondency alarm among holders
One thing however, should be borne in mind. II the
present pricos continue production everywhere win DO
profitable and will be encouraged shilling pound for
nd mir fnrg s1rutn In me