The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-04-06

commercially considered, viewed nom any and
every standpoint The determined stand which
Congress has finally taken in favor Of innation
has caused universal apprehension and distrust
to prevail In commercial circles, and business men
have been fearful about taking single step beyond
what Ia demanded by the exigences of the moment.
All legitimate enterprises are hampered, and only
speculation, pure and simple Is stimulated, while
even la this field there has thus far been no con-
siderable movement, owing to the great diver
gence Of opinions relative to the degree OF depre-
citation the currency Is likely TO attain to. Many
contend that the action recently taken Is but the
stepping stone to sti higher or lower nights
OF folly, and the mercantile community naturally
hesitate about putting any faith in the avowals OF
such men have put themselves on record In favor
of further of national currency and by
the means have wrought the national dshonor
IT the pledged faith OF the nation can be 80 readily
broken by the law makers law breakers In one m
stance there would to be guarantee whatever
Tor the future Hence faith is placed In the
tons Of the mhationsts that $looOO00 will be the
limit the currency 1t about likely to be fixed at
as the smaller figure; In view OF which both
buyer and seller apprehensive and sign contracts
with considerable hestancy. The dry goods business
greatly depressed during the greater part of the
week, and, though considerable business was consum
mated. it lower basis for all
kinds Of cotton fabrics, 1t having become evident
that lower prices wond have to be accepted or the
spring trade would be unusually dwared Even it is
the aggregate business wl undoubtedly be very light
The hardware business also slow but weak but the
most active in this department IL At tho
Produce Exchange business from day to day very
light; but with the imitation policy Endorsed by Con
very much while the first Indications or increasing ac
nyity were invariably me. ny an ADVANCE in prices in
was firm, under moderate demand Wheat was only
prices Corn met with fair demand in part for export
and nrmer prices were maintained. Oats were frmer:
lard were frmer and the demand iar at the improve.
ment Groceries generally speaking were quiet and not
spot lots, while futures ruled somewhat frmer:
aea % sRi @
was in TAR demand at decline OF 1c. per gallon.
was fair aud for export only moderate The current
quotations were foows:-s pals, fancy selected
1o western S 81 Michigan factory selected Sc
Ssc do, fne Sc s6c do, fair TO good sic 5Sc
Sc for prime Sic &c. s ior fair ' TO Western
rkin good tine, JIG Sac fair to good S0c S2c,
poor to iair &c Sc : 49, - " ~
CHEEsk met with fair local demand and moderate
to fancy, iS5sc i7c DO. good T. choice, isc sc.
common TO TAR Do ne 2 Nc herkimeT dairy i4c q
l2c isc fair choice Western factory, lOc . l6c.
market Was p S%e or ali descriptions
We have only to note sale since orr last OF bags OF
Ssac; s2ss; prime DO, 2Se ssca extreme range Tor
ss Gags s9S s
Ceylon zsc 2oc IL, Mara ssa 2c 2sc; Laguayra,
Porto I kicc e c l Costa ca, 22c se Mexican
&c z3hc sayanilia &c 24c; Curacao. Zoe. 22sc.
.corros.-Ihs Exchange having adjourned over from
up ssa ee he or sdsay
was reported dull with only very limited inquiry tor
front following quotations: