mother season. or until the staple productions Of the
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another season. until the staple productions Of the
country into the market. and then the payments
be made by exporting merchandise There
much foundation for such assertion as there is
asserting that the owners do not expect payment
all Most of The merchandise forwarded to this country
on account of the European manufactures and consigned
to the commission houses oths city, requires advance
oftwothirds the value Houses here pay the duties on
invoices received, which amount to about onethird
the value OF the goods and advance amount reaching
another third the value making advance of ftwo-!hrds
This advance is made generally previous TO sale Of the
goods and invariably before the commission merchant
realses his saes We by this system that most
OF the merchandise sent out consignment has TO be
paid for after arrival while the goods actually pur-
chased the other side by local importers has to be
paid for in full after shipment from the other side
Whatever disposition English bankers may have TO extend
credits houses this side, it is of little consequences SO
long as merchants raise money to remit They
will not pay any interest than they can possibly
help The banks have recently advanced the rate of
erest and discounted largely to the commercial classes
These discounts have been required to make remances
On the other hand much doubt the existence of the
great confidence in American credit Represented 10 be
general throughout Europe The manufacturers of Great
Britain require sight drafts English bankers for their
merchandise and any credit that may be extended must
from these bankers They have before them the
pankruptcy ana rum brought upon heuses IN former
years. by placing too much confidence in the credit of
houses this sde and it very probable they will be
very careful for time at least This country is gradu.
ally recovering from revulson that swept from exist
hundreds Of houses that enjoyed unbounded
credit and possessed unlimited
among ourselves have not become thoroughly
and hardly expect that foreigners who have hereto
fore suffered severely by speculations &c. will place
confidence in us, than do in each other One or
two large houses here may be able to establish large
credits abroad account Of the reduced value Of money
throughout Europe but havo little faith in the exis
tnce Of disposition to grant promscuous credits to any
extent.


We annex comparative table, showing the current
prices for the principal stocks in which operations are
made in this market -