The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-08-12

The general merchandise markets are moderately
active the and steady in tome but the aggre
gate OF business s nevertheless light In the dry goods
srsds there slight increase OF activity, but country
.ordcrs come in slowly Manufacturers and obbes are
making preparations for the fall trade, and IN view OF
the abundant harvest is likely 10 be prosperous one
although IL will probably not 10 Till the latter part Of
the season that the full effect Of the crops will be felt
Prices rule steady and the decline in cotton towards
che oloss OF the week exerted percepbls influence
upon either domestic foreign goods The receipts Of
cotton all tho ports continue light the total for the
week ending Friday having been 5,by7 bales making
total since September Of 1885, 2s bales, against
20os S2s bales for the corresponding period lse5Co
The exports still dwindine the total from
oil the ports for the week having been ssss
bales, making 1885 rales SINCE September
4, against 1900. sal for the period In 1s65-o6.
The stock vt all the ports is reduced to l51, 1s4
bales OF which, according the latest advces New
Orleans had 1850 bales, Mobile $50, Charleston
a,74s. savannah 2s7s, Texas $3.50, New York estl-
mased co., Florida las and other ports testlmatsd)
% oOo The reports relative 70 the growing crop
more favorable than they wero weeks ago. the
heavy rains which inflicted damage upon II having been
succecdsd BY One, dry weather In some the
worm has done considerable damage and In The coast
rsson Of Georgia South Carolina and Florida the effect
of the rains hiss been dsasrous bat elsewhere the crop
-sssms 10 be progressing encouragingy
Respecting the operations Of the London Clearing
House journal or that city remsrks:-
Tho weekly table Of tsnkers clsarings which are
now enabled 10 publish, besides forming valuable index
20 the amount Of business doing, shows what An i'm
volume Of transactions Ia daily settled practically
without the Intervention az money. since me SIN OF
Nay. when the tables frat began 70 be published 10 July
10. the amount Of clearings has reached the TOTAL OF
EG920 900. This sum OF money has never been
banded but the transactions II rep<esents are, never
theess, as esctuay settled as y bundles Of bank notes
aud boxes OF bullion had been dragged about the CITY
and the country at a very great risk.
The practice Of certifying bank checks, so much IN
vogue in this city, is unknown 10 London but the nuan-
oial community there complain Of the want OF some
management which will dimaisb the risk OF taking
checks from doubtful parties Cheeks for custonii
duties resolved instead Of money the goods are
not delivered until these have been sent TO the bank
npou which they arc drawn, and the checks o
such banks upon the Bank Of England received in e.
change.
The total value Of gold and silver bullion and spec,
supported into Great Britain during the month Of Ma.
last amounted TO ca 2s7 4se or this sum c1 7o7 a.
was in gold and f53oooo In silver, and Of The abov
total sum 81, liz, $40 was received from the rnits
s,a,ss E425o.3 from Australia, and r3o2, 74e from
MEXICO. South America Except BrszID and the ives
fndics The value Of bullion exported amounted \
T4ss 900 sterling kI7le55 Of which taken BY Hol
iaad. siIs,ess by Russia, Eso,ose by belgium, an
<se.llA by The Hauss Towns smaller sums being take