The New York Herald Newspaper, August 30, 1847, Page 2

y with them.’, resolutions will a of the dissolution of the Will have to determine whether to force the refractory cantons to ations of the Di hould the; = Ingite authority at defiance. It is said that ‘Of the cantons which voted in the majority for the lutions, ble at the ides of using force against the cantons is said that in the preparatory confer- enres on the ject the representatives of the cafitons of Zurich, St Gall and Glaris, who voted for the reso- litious. expressed their determination to resist the use ree thie turn oat to be the case, the libe nority not French minis fF hihe representatives ot the Catho * the fear of bis theemts that has in- of Zaricb, Garis " -le Comte is evan more violent Py liberal party than the representative of sustria himself Prussia. In Prassta, as we learn from the States Gazette, the new Jaw ssoctioned by the King admits Jews to the pri- vileges of other subjects, with certain exceptions, which excludes Chem from holding judicial or educational (ex- cept in nacural sciences) offices. They are als dented Fepresentutive rights. Turkey. The ination Zeitung states in a postscript, that Berderban B-y bad deen joined by Mahmud Khan, with ao army of 12.000 men, and bad thrown himself into the stronghold of Geideppe. The Turkish army bad taken up & commanding position on an opposite height. and in- tended bombarding the fortress. The most cruel acts of retaliatioa bad taken place Bederhan Bey had cut off the ears #nd noses of his Turkish prisoners, and then set them at liberty Other ae ts state that Bederhan Bey has been en- by his followers; not above five or six A mained with him, whom he has withdrawn to the mountain fortress of Oral. He has gi- ven over ail opporision, and he is now only in the dilem- ma of not kaowing to whom he sball surrender ; he is fearful of giving bioself up to Osman Vacha, and is in | <qvml fear of Beeing to Persis. Mahomad Khan has de- | terved him, Wh-re he has for the present secreted bim- himse)f is unknown. Everything, therefore, is consider- ed as euded. Foreign Theatricals, Jenny Lind is still iu London. Her attraction is as ‘out #8 ever, and the sale of tickets is stopped nightly. ‘0 appear three nights at Manchester, for which £1000, . Rachel had concluded her engagement in London, and was playing at Manchester. ‘This is her first appearance iu the provinces ‘ harles Diokens, Douglas Jerrold, and several other amatears,re0utly performed in Manchester and in Lon- on. a rs, Butler appearod one night at the Princess’ in the “Wife” All the theatres were doing well. Raobel {s going to Edinburzh. Jenny Lind also. Mr and Mrs. Kean will make their first appearance, since their return, at the opening of the season im Man- cheater. Mr Macready will open the season, at the Princess’, with Mise Cushman. Miss Cushman is at Liverpool, and is nearly convales- cont. Mrs Mowatt is engaged to appear at Manchestor, in ‘months of 1847 to the extent of 539.000 ewts, iat of 1846. riod in the consumption of brandy of 135.000 g: rum to the extent of 365.000 gallons, of coffee 2. Ibs, and of tea, cocoa, tobacco, ke. in something the same proportion ; to say nothing of the importation | of 117,000 extra owts. of meat, and of butter and cheese. These are more or less luxuries causing the masses to be content almost with jone, soon produces a reaction. harvest, or the dread of it, which sends up the price of countries decline to take it of us. It bas not been the raw material to be so reduced (even while the rate ot money was only 3 per cent.) that now the slightest de- maod for ourjmaoufactures causes a rise in their price which at onoe checks foreignersfrom buying Agaln, it ib not this cause which sends money up to 534 per cept at # time when general business is coatracted, and when the circulation may be termed tull, The fact that nour of thes» things will furnish the explanacion stares us plaiply in th» face, and there is hardly & person who dows not Koow in his conscience the real cause of our present state But we are nation of shareholders. from the highest to the lowest, and we all keep from each other the secret of our ruin. The battle is clearly, a» we have all along proclaimed it, one of life or death between railways ai trade. It is useless to wttempt disguise. One or the other must fall, Firm after firm will be beaten down, and the sac- rifices of the past week will prove only the forerunners of what ar yet tocome. Merchants may bid7 per cent for money (and there are not many branches of business that can long sustain that rate,) but with the tempta- tion of permanent securit Bills” it will be snatched from them by railway com- panies at 6 per cent. In desperation they may bid a higher rate, and the railways, prevented temporarily from flooding the market with debentures, will then snatch from their grasp the capital they seek by making calisthat cannot be resisted Keep the rate of money on securities at some reasonable point above 6 per cent., permanently, to prevent the companies from issuing de- ncures. and to tire them of making calls, they will still evade your attempts, for the debentures which were un- marketable at 6 per cent. when they were for a cum- brous £1000, are then reduced to £500 to suit a new class of customers, afterwards to be brought down to £100, and vventually to any denomination, and for any period, that may suffice to attract whatever portion of the public may yet remain with means, however small, of which they tiny be drained. Perhups it nay be urged that a considerable number of une public have already discovered, now that money for long periods orth 7 per cent, that investments in railway debentures, at 434 or five per cent, to be paid off in three or five when consols may be in at 95, are not so desirable as they were represented; but still it is only when this fveling can be made general, that an effective suspension can be hoped for. Meanwhile calls cannot be resisted, and these, we may be sure, will be re- morselessly made (no matter though mercantile houses break down hour by hour) until the public, as sooner =r they will. shall denounce the madness with one voice. Finally, it can scarcely be necessary to say a word of the morality of those who in this state of things clamor for an “expansive action” on the part of the Bank ot England as the panacea for all existing evils, and who by this cry retard the correction that must only fall the more terribly in proportion as it is delayed. Advance mouey—tacilitate imports of provisions and an export of gold in the face of both railway consumption and free trade—reduce the rate of interest, and bring a French loan of £14,000,000 at once upon our markets—see the last bar of gold exported from our vaults, and add the rush of home discredit to the force of a foreign drain. and ail will then be righted. This is the language of a large majority of financlers—worthy rather of the other side of the Atlantic than of England, and there is no little peril that, as the next Parliament is constituted their efforts will find expression in more than words Let what may happen, however—let palliative after pal- “as good as Exchequer the autumn. Mr. Davenport also. | Webster's season atthe Haymarket had concluded | prosperousiy. | g.Charles Mathews and Madame Vestris, have taken the | yoeum for the next reason—they have secured the best | stock company in England. | nd Mrs Kean, Mrs Nisbett, Miss Faucitt, Mrs | er, Farran, Ranger, the Keeleys and others, were | snnounced at the Haymarket for the next season | Macready is to bring out a new play, by Bulwer, at the | Frincess. ‘The Haymarket and the Princess will re-open in Oc- | tober. Mrs, Egerton, the celebrated actress of the Theatre Royal, who for so many years held a distinguished posi- tion among the tragic performers that once adorned the national theatres, is dead. Mrs. E formed a portion of the Kemble school. and was contemporaneous with Mrs. Siddons, Miss O'Neil, Mrs. Bartley, Mrs. Powell. &c.; and her performance’ of Meg Merilies, in Sir Walter | Scott’s dramatised opera of * Guy Mannering,” will still | bé@remembered by all the old playgoers. | On dit, that the cherming actress, Mrs. Nisbett, will | be led for the third time to the hymeneal altar by a | young Scotch baronet. Mr Parsloe, for many years the prompter of Covent Garden Theatre, and a famous clown, died last week Another Money Cristy in England—Financtal tters in Europe. [From the London Times, Aug. 11.) Theo premium on gold at Paris is 10 per mille, which at the English mint price of £3 178 10344 per ounce fer standard gold, gives an exchange of 25 40; and the ex- change at Paris on London at short being 25 3234, it fol- lows that gold is 0.30 per cent dearer in Paris than in London The course of exchange at New York on London is 105% per cent; and the par of exchange between Eng- | lana and America being 109 23-40 per cent, it follows that the exchange is 3 83 per cent against England B the quoted exchange at New York being for bills at 60 days’ sight, the interest must be deducted from the above difference. Panics in the money market come and go; but, unfor- | tunately, they leave no lesson behind. At the beginning of April we witnessed a pressure long foretold from cer- tain existing causes, but, which, for any wisdom it im- patted. was apparently suffered in vain. Scarevly three | mooths have elapsed, aud now we again flnd ourselves in | the midst of similar disturbance, only, it is to be feared, | to pass again to the enme result of-temporary re-action and immediate disregard of all that it might have taught us. | The causes assigned for the predicted pressure which | should have commenced with gradual severity at the be | ginning of the year, but which was retarded by the bank until we had the substituted panic in the spring, have been repeated so often, that, but for the apparent inca- | pacity on the part of the public of receiving or retaining them, it would seem idle to touch upon them more. But the cry must be repeated until men, from habit, at ail events, if not from reflection, shall come to recognize that tuere must be something in it. ture, frve trade, and deficient harveste, grounds to beget a certainty of monetary peril—the first asa gigantic madness, paralysing all the ordinary indus- | Sry and consequent resources of the country; the second | &s inducing changes which, however wise and beneficial, | must, like all revoiations, bring about disturbance until | we eball have adapted ourselves by experience to its | now relations; and the third as involving an immediate | lows of wealth, which would necessitate economy and hard Jebor until it should be repaired. Of these three | caunes the last and minor ones wre beyond our power of | control and all that was requisite that they should | be prudently recognized; but railway expenditure was | rfectly at our own option, and it was here that w: | be were to be raised. These warnings, however, al- | though they may have saved individuals, were, of course, | ineffectual to stem the rushing mania of a nation. Ex. | perience could only eff-ct that object. The word would not do without the blow, and in April the conntry recled | uniter its infliction. | The first effect of the panic was to lock up money and send down prices. Importations were for a moment | checked. and foreigners came in to purchase our de- | preciated securitivs ; general transactions ull over the | country were suddenly reduced, and coin, in cons quence flowed back into tne bank. With this came a of confidence. Scarcoly a dozen railway schemes | y magnitude had been sbandoned ; no relaxation | of the caution necessitated by tree trade could be war- ranted ; no prospect that food deficiences were at an end | had been announced. All the causes which had pro- | duced the evil were still in unmitigated force, but there was # renotion in the money market, and that was rose 3 per cent, railway shares re- covered in great measure from the fall they had sus- tained since January, bank directors talked openly on | change of reducing the rate of discount to 434 per cent, | and at London and at Liverpool, and on all the share ex- changes of the country, engagements were eagerly ex- \ended, aad the assurance was universally repeated that tbe worst was over.”” Six weeks only have passed since this happy epoch, ‘and we bave now again to write of panic. But perhaps it will be said that rome new causes, which could not then be foreseen, have arisen to arrest the retarn of prosperity. This, however. can hardly be maintained At the time when the capitalists of London and Liver- pool were again resuming their career of speculation, the potato crop was rumored to threaten entire decay, and the weather for the harvest was yet in doubt Since that period the only events of notoriety have been the continuance of sunshine beyond precedent. and the arrival of reports week by week of sbundance. on all parts of the continent, and of the compara safety of the potato crop at home. If, therefore, the worst was over when these things were tocertain, what abould now be our state and prospects? And if we ure at this moment im confusion and m, what would | have been our condition if the unfa 16 anticipation | of the crops, warranted by all human calculation, had deen fulfilled ? | After this instance of indomitable self delusion, it is scarcely to be hoped even now, when a second blow is come, that we shall approach much nearer towards a bold recognition of our real state, or to the determina- tion to cueck as far as possible its causes, and to mevt atexdily what must still be borne. The present pressure will pare away, perhaps more rapidly than the former one ; much of it is owing to a sudden influx of produce which will be checked by our fall in prices—much to the demand which the elections have caused for coin, that will find its way back when its immediate usesare over and much to the alarm of daily failures. Even now gold is reported to be coming back from the continent ; the bink accounts ia a few weeks may read better ; con- fidence will again revive, and again we shall go on in the renewed delusion that the worst is over until the chronic disorder, palliated but never removed, shall once more develope itself in new eymptoms. Each blow will fall heavier because our power of resistance will be less, and thus we shall undergo a series of infilctions protraeted ihrough months, (and, if the government ‘shall give way | | the latest arrivals from parties possessing the mea) | will cover cha liative be adopted—we once more put upon record the assertion thut there is no escape but in a recognition thatt ¢ railway expenditure must be stopped, aud that traders must be prepared to groan and many of them tosuccumb under such rate of interest and for such time as may be essential to effect that object. Let things take their best and natural course, and the evil: to be endured will stiil prove such ay few have even yet ventured to contemplate; let the painful process of cure be retarded by the tampering concessions of an‘interest ed Legislature, and the long and grinding period of dis | tress, before we shall again breathe freely will be such | as to wear out heart and hepe, and to sicken all men with the struggle. (From the Londen Standard, Aug. 13—P.M J We are not in the habit of being very credulous re- specting the statements usually put forth from the Ame. rican cotton-growing districts respecting deficiencies in that important crop. The letters received, however, by ot extensive information, and at the same time not direct- ly interested in the result, are ofa tenor calculated to excite no inconsiderable degree of apprehension that the production will be again sbort. The arrival of the ste er is therefore expected with much auxiety on this hei as well as others, as likely to bring later information re- specting the progress made in the destruction of the crop by the caterpillar, the ravages of which was 80 ex- tensive last year. _.Rumors continue to becirculated this morning prog- nosticating further failures in the*corn trade, but up to this period nothing definite has tr nspired. 2 grat number of vessels are on demurrage in the river, in con- sequence of *he communders refusing to discharge the cargoes until the freights are paid. It is also stated that some of the Black Sra wheat hus come in such bad condi tion that purchasers cannot be found at such rates a» ges The Consol market bas exhibited symptoms of weak- ness this morning, and the price for account has retro- graded from 8734 to 874, which isthe present quotation. The business done has been inconsiderable in amount, but ft is stated that some money stock has been brought to market in the course of the morning The quotation for money has been from 87% to 867, the ‘'hree per Cents Reduced, 875) to *g, and the Th-ee-and @-Quai ter per Cents, 8944 0 89. ‘he Exchequer Bills have not varied from yesterday's price, the quotation being from 1 dis to 2 pm Foreign bonds are generally flat, and the operations have been restricted to avery narrow seal Shilian bonds have been done at 91}¢, Grenada 194, Mexican 18, Equador 33s, and Dutch ‘I'wo-and-a-Half per Cents, o%. ‘There isa pretty general decadence in the value of Railway Shares, the circumstances disclosed at the re- cent meetings not being considered of a favorable com- plexion, Quarter before Three.—Consols for Account, 8734 34. [From the European Times, Ang. 14.) The Bank of Englana in April last, was reverely oen- sured for not having raised the value of money in the preceding Junuary, by which, it was alleged, more cau- r | tion in mercantile transactions would have been ob- Railway expendi- | served by the mercantile world. We never concurred ch constituted | in this view of the case, because we believe th ince the Bank charter act, the Bank Directors exercise very little voluntary action in the matter, being exclusively influenced in their proceedings by the value of money in the market. In January last, no applications for money, as it always happens when the value is at three or ‘our per cent, were made at the Bank of England be. yond thy usual demands; in point of fact, the resources of the private bankers in the kingdom sufficed for the purposes of the currency. But when # demand sprung up in April, as well for notesor money as goid, the Bank was then compelled, oless they wished to avoid the ab- straction of the last sovereign in their vaults, to raise the rateof discount. But whatever difference of opinion may have been entertained by certain parties respecting the proper period of interference by the Bank of Eug- land in the ewrly part of the year, every one seems to concur in the propriety of the Bank’s procedure at the present period; and yet it cannot be concealed that the first effects are, as must have :been anticipated, ruin- ously severe, Scarcely a post atrives without bringing the intelligence of some serious failure, and we state it, not with a view to create alarm, but simply to superin- duce caution, that we fear other serious difficalties may be apprehended. Whilst the market prices of wheat and produce were rising, the profits accruing to the merchants counteracted the disastrous effeota of a rise in discounts, But now that prices of wheat nave fallen so seriously, and, it must be borne in mind, the present rates are still about the highest point of the late sliding seale law, and might, with an abundant harvest, and overwhelming supplies coming in from all quart de- oline still farther this diminution in the market value | of somuch merchandise, superadded to the decline in value of railway property, which is absorbing the active Moating capital of the country, must, we fear, occasion considerable distress in the mercantile world. There is also another element of absorption which ought not to be overlooked. A large French loan is pending over the European money market, and will, no doubt, be de manded as s00n a8 the payments on the English loan, negotiated in the spring, are completed. From these causes, the difficulties arising from which, we believe, would operate most disturbingly under any ‘cunceivable system of currency, We see no escape, exeept by the ex- tremest caution, great economy, and a course of events, happily not chequered by poiitical influences. of the eral gloom, we confidently anticipate that the resouroes of the country will be found adequate to meet the great demands which will be pressed upon us aro now in & state of transition. from a system of eom mercial thraldom to one of comparative freedom in many articles of trade, and of entire frewdom in the main articles of food. We shall doubtless suffer from the dearth we have undergone; but the vital energies of the country continue unimpaired. and we shall emerge from the present crisis with redoubled vigor, and with more enlarged experience. Lonvox Moxey Manxer, Aug, 13.—The funds have ednatly this morning, and the market shows uecid- od symptoms of unstendiness At present we hear of no urtl ¥% for the ac Bank, stock is 1953¢ to 19754; three per Cents Reduced. 8754 to 46; Three and ahalf per Cents to 34; and Exchequer Bills, | dis. to3 pm. Spanish k is 2036 to 21 for the Five per Cents; 3034 to % for Three per Cente; Dateh Two anda half per Cents, Danish, '84 te 86; and Chilian, 91 to 93, In © is little or nothing doing, and prices are much the same as they closed last night. In the week ending the Stet day of July, the accounts of the bank yexbibited, whem compared with the prece- ding week A decreese of circulation of....... « £41,076 An ineresaro of public deposite of. ve 208 A decrease of other deposits of . » 10,164 ‘Au increase of securities of. . ‘A decrease of bullion of ‘An increase of rest of A dworease of reserve The decrease of bhuilioy Tt is uot the pressure of famine and | gence that will explain an incrvase during the like 107,000 ewts. of and it is usually one consequence of » food pressure to {nduce an economy which shuts them out, and which | bread It is not a deficient iron to a point at which the Unifed Stites and other food question which has caused us to allow our stocks of In xpite | er failures, C onsols for money stood at 87 and at 87's | 429,642. amount of the bullion was Gane £9.381,250, and the reserve of the banking de) ent, including the coin, to £4,439.000, Subjosp> the returns of the present week An account, pursuant ‘act 7th and 8th Victoria, cap 32, for eek ending August 7. Deranrmenr. ve £22,634,615 Gov't debt ther sec Gold coin & bulli Silver bullion. . | N sued, 034,045 he Baraino Duranrocrnt. tors? 1. 14,553,000 he inane fig 8 weight annuity). £11,663,280 Other'secu 02,73 Sav: Notes... 916,245 C Gold and'si 618,175 National Debe, DividndAceouuts) 5,570,606 Other deposits... . 7,885,697 Seven day and other £32,529,875 £32,529 875 Dated the 12th day of August, 1847. Pa‘ Bovase, Wepnespar, August 11th—The mar- ket at the opening evinced nearly as much heaviness es yesterday, but as the day advanced a report became prevalent that accounts had been received of an im- provement in the English market, which caused responding effect here, and prices kept *teadily adv: cing to the close, when Threes wero called at 76f. 76c., and Fives at 118f 20c. The market closed as follows: — ‘Three per cents for cash, 76f 60c ; for account, 76f. 75¢ ; Wive per cents for cash, 118f 50.; for account, 118f 200.; Bank of France shares, 3200f.; Neapolitan, 101f. 60f.; Spanish not quoted. The Railway share market has also become much firmer, and at the close the quotations were anele marked higher. For cash Paris and Rouen lett off at 927f. 50c,; Rouen and Havre, 585f ; Avignon, 630f; Vierzon, 547f. 50c ; Dieppe, 300f.; Nan- tes, 370f.; Northern, 535f; Bourdeaux, 472f 50c.; Cette, 462f, 51 Paris and Strasbourg, 390f.; Paris and Lyons, 898f, 760.; Lyons and Avignon, 445f. The Commercial Failures in England. {Fxom the London Mercury, Aug. 14.) The bank directors held their weekly meeting on Thursday, but made no alteration in their rates of dis- ‘he demand for money out of doors continues extensive, and the Lombard str houses oe little inclination to take in bills, howe’ good the security, under terms fully eqivalent to six and six-and-a-quarter per o per anoui At the Stock Exchange the pres- sure is less excessive; but nevertheless, at the same time, five-and-a-half and six per cent. is readily ob- tainable for loans at short periods. Considerable ad- vances have been made during the last few days by the Bank of England on stock for the convenience of lead- ing capitalists The restrictive policy pursued by the bank directors has accelerated several mercantile disasters, the princi- pal of whjch have occured in the corn trade. Omitting mention of several smaller suspensions, it becomes im- peratively necessary to particularize the four following firms, as their transactions have lately influenced large- ly this branch ef business. ‘The first is that of Messrs. Lesley, Alexander & Co., whose debts and liabilities amount to between £200,000 and £300,000, The assets, it is understood, will yield a respectable dividend Indeed, such a favorable opinion was originally entertained of the prospects of the credi- tors, that a hope was held out of the house reauming bu- siness. The meeting of Wednesday we are, however, informed, definitively settled that point. The grand source of assets are the private estates of the senior part- ner, Mr, Alexander, who holds extensive unencumbered poss: #sions in Ireland. On the subject of their suspension the firm have pub- lished the aunexed letter:— © Oup Broap Street, Aug. 11. “Sin—In reference to the failure of our house one of your contemporaries has indulged in statements which are so wide of the truth, that we feel obliged for permii sion to correct them through your colums. Our lial ities do not amount to considerably more than half a million sterling, nor anything ke it; neither will a large proportion of them fall upon American houses. e n ver despatched an agent to the United States to make direct purchases, either in aay or any other month, and we have no differences to the amount of $400,000, nor to any other amount, as we never bought a single cargo in América for ourselves. Our sole business, at least as regards the United States, consisted in forward- ing the orders and accepting for the purchases of others, and from the promotion of this legitimate business. owing to the failure of others to peat their engage- ments, nearly all our difficulties have arisen. ‘The fall in the value of food has Lrought down a number of corn merchants, both in this country and also in Ireland, and it is to this, and not to any speculation of our own, that our present position is to be attributed. “We are, sir, your obedient servants, © Lestig, ALexannae & Co.” Messrs. Douglas & Co., it is estimated, have suspended for at least £200,000. Of this there seems to be no doubt. The only question is, whether it may not turn out that their engagements extend over a much greater amount, This house, it is alleged, has been brought to the ground by the failure of Messrs. Sampson, Langdale & Co ,of Stockton-upon- Tees, also extensively concerned in Mark Lane business. ‘The stoppages of Messrs. King & Melville, and Messrs. | Coventry & Sheppard, are in each case supposed to in- volve liabiNties to the extent of nearly £200,000. The partnors in both these concerns fatally experienced the effect of the panic in the corn trade of 1842, and then undgrwent the process of liquidation. An attempt, it appears, was made by wealthy conacxions to sustain the credit of these houses, but withcut avail; and hence it is generally auticipated that affairs will not be found | promising by those interested in the result of the prosent defulcation. It is sutisfactory to be able to state, that in no one in- stance can it reasonably be said that these several houses have brought upon themselves by imprudent and reck- jess speculation the fate that bas befallen them. On the contrary, most peoplo believe implicitly that tt is un- toward position of affairs has been sol-ly prodaced by the enormous reaction in the value of breadstuffs, kc , preventing their connexions from fulfilling the transac- tions which they had concluded through these estab- lishments, and for which the partners became responsi- ble in their legitimate characters of factors, One or two millers are reported to be in a position which has rendered it incumbent upon them to lay the state of their accounts before their friends. In each in- | stance it is said that arrangements of a nature agreeable | toall parties have been concluded, and that they will, as hitherto, proceed with their business. At a time like the present, when matters in general wear such a gloomy uppearance, various rumors get into circulation respect- the solvency of commercial houses. Yesterday, late in the day, the names cf three moro establishments were privately mooted as being unable to sustain themselves; butit would be unwise to enter into details till the pro- gress of business at the Corn Exchange to-day shall have thrown some light upon the subject. Besides the disasters to which we have directed atten- tion,the firms of Fraser, Neilson & Co., in the West India trade, end Robinson & Co., in the Mauritius trade, ha been publicly notified as incompetent to meet their en- gagements. Messrs. Fraser, Neilson & Co it is mentiov- ed, have for years past been in a declining situation, and may therefore be properly regarded us * worn eut by age and diminished resources.” ‘The concerns of Messrs. Robinson & Co. have for seme short time past been wholly at the disposal of the executors of the senior part ner, who having thoroughly investigated the position of the estate, (felt themselves called upon to pursue this course, with the view of speedily winding up outstand- ing demands. The Latest Commercial Review. (From Wilmer’s Liverpool Times, Aug. 14.] The alarm of a monetary crisis immediately succeed- ing the excitement of a generat election, commercial affairs have not improved since our publication of the 4th instant, The pressure for money has increased con- siderably, and general distrust continues to prevail, not- withstanding declining prices of grain, and the certainty ofaharvest of more than average abundance. The produc» markets, however, have exhibited a censider- ale share of activity; and the main articles of general consumption readily find buyers ‘The steamship Britennis, Captain Harrison, with dates from Boston of the Ist, arrived here last night, after a rapid passage of 12 days 6 hours. Her letters were dulivered at the commencement of business this morning, and up to eleven o'clock, neither the corn nor cotton markets had experienced any change in prices The former will, however, no doubt,experience a further decline; but the latter, itis expected, will slightly im- prove in prices, The London papers of this morning published her news through our private express, which | went awny soon after the steamer’s arrival ‘The failures in the corn markets of London Liverpool, and Sligo, together with very large arrivals of foreign grain,have produced a sompi-te paralysis of businesssnd tho dealers only supply themselves for their immediate wants, {t almost tends to mislead our readers at a dis- | tance to quote actual prices, since each successive mar- | ket day exhibits the unsteadiness of the trade. The fur- ther reduction in prices recorded in our last number of tho 4th inst., when wheat still declining from about 70s. per quarter for the best description in the market. was checked by the fall of rain in most parts of the coun- try, and at the corn market in London ‘nm Monday last prices were firmer at tae currency of the previous Mon- | day. New wheat sold at about 63s, per quarter. But scil the business was limited. During the tast few days the weather has been less uusettled, and the intervals of fine weather have been warm and genial. The markets | nave accordingly again declined, and the highest price of | the hest desoxiption of wheat in London cannot be quoted move than 678 to 688 per qr,and the best American | dour has fallen in Liverpool to 26s per barrel. Much lower rates for best Western canal flour are reported, with very low quotations for Indian meal, but no real | transactions have taken place, and we only aliude to thei as indicating the downward tendency of the mar- ket ‘The arrivals ot foreign wheat and Hour are still enormous, and, during the next three months, as the abundant new produce of the continent becomes availa- blo, will doubtless continue. The fluctuations of pricer before tho close of the year will inevitably be very great; about that time, when the navigation of the rivers will be closed, and the stocks and wants of Eng- land and the neighboring countries are better as- certained, the imarket then become more steady The relations of demand and supply under the new system of free trade in grain will find their level, and future prices be regulated accordingly. The accounts of the produce of the continental crops are still of the most satisfactory character; and during the past week we have not heard of a single instance of damage to the potato crop, whilst at the same period last year the disease had become distinctly loped. | The corn market in Mark lane yesterday was dull, and prives barely equal to Mouday’s rates, but on Friday | this 18 generally the case, as little, business is done. No | further failures had transpired. “American flour being | relatively cheaper than English, has been taken off the | London inarket rather largely at 278. to 298, | The Cotton market has been in a quiet state — | the past eight or ten days; and although the tenor the advices which have recently come to hand respect- ing the prospect of the supplies throughout the United States would warrant an advance in prices, still, as the | late rates. | no chai ianer here is @ Up till this date in 1846, thi tion amounted to 29,085 2 prove. Sugar, in spite of the uneasy feeling ket, met a wtedy sale di the instant; prices, however, vious rates, and consumption is gol: celerated rate at which it has led since the reduc- tion of the duties. Mesera. Hugbes and Ronald, in the revort of the Woot market, make the following remarks:—There has been fair demand for foreign wool this month. but less doin in Peruvian sheep wool; average quality unwashed fleece is held at 6d, which is rather higher than the mar- ket will afford. For all kinds of Hops, owing tothe favourable accounts which continue to reach us from mort quarters relative to the bine, we have in to report a very heavy de- vusud, at barely the late depression in valu ‘Some parties have estimated the duty as high as £200.00. With the present prospect that sum is likely to be realised Sussex pockets £3 188 to £4 5s, Weald of Kent ditto £4 4a to £5 3s, Mid and East Kent ditto £6 6s to £7 per owt. Nothwitheten ting the reduced of coffee, and the fair consumption of the article, the demand for alnrost all descriptions of West India has declined. The large supplies brought forward at public sales re tended damp the market, and prices have scarcely been main- tained. Foreign coffee offers no novelty to report, the supply is not large and prices are firmer tham for: Bri- tish Plantation. ‘The general convulsion which has taken place in the money market, ther with the decline in the price of grain, nave produced slready many serious failures.— The following houses have been com to suspend their payments :—Mesers. Charles Douglas & Co.; Messrs. ‘Lesley Alexander & Co.; Messrs. Coventry & Sheppard; and Messrs. King and Melvil—in the London corn trade; Messrs. Perrin & Co,in the same branch of business at Liverpool ; Messrs. Sampson, Langdale & Co. at Stockton-on-Tees. The Hon, William Fraser, Neilson & Co., respectable West India merchants in London, have been under the necessity of yielding to the pressure of the times; und the affairs of Mr. Edward Robinson, recently deceased, who traded with the Mauritius, have proved to be in a condition to render a suspension of payments necessrry on the part of his executors. Many minor failures have occurred The amount of liabilities ot the various firms who have Soe payment on the London Corn Exchango alone is estimated at no less than £1.300,000. At the official meeting of the Bank of England directors, on the 5th the minimum rate of discount was declared to be 4% per cent. At this rate only short dated bills were discounted, the rates reaching even 6 for long dated paper. The money price of consols had fullen already to 8844, when the above official announcement confirmed the report, whick we have already given, of the previous Monday, and consols immediately underwent great de pression, having been don i yy then rallied to 87, about which price they have fluctuated since.— Yesterday they opened at 8734 to 3 for money, and 87 to % for time, and in consequence of some sales fell to 87 to 4 for money, and 87}; a 87% for the present ac: count. The latest quotations were at 87 to +4 for tim witha weak market. Quotations are made for next ac- count, which opens after the 26th instant, at 873 to Three and a quarter per cents are 89 to %. Reduced threes, 874 to 3¢ Exohequer bills, 1 discount to 3s. prem. Bank stock; 19534 to 7)4. ‘Tho Foreign market has heen sensibly affected by the general pressure for money, and more cularly by the sales of foreigo securities in the v: Enropean stock markets, in anticipation of the effect ofthe French loan. Mexican has fallen considerably; but the tenor of the advices by the Britannia. just arrived, will proba- bly have an improving effect. The latest prices of yer terday were 17% to 184. Spanish Fives, 203 to 1; the Threes, 30% to %; Passives, 4)¢ to X. Brazilian, 83 to 85. Danish, 84to 86. Portuguese, 2334 to 934. Duteh Two-aud. jalf per Cents, are widely quoted at 65) to 634; tl ura, 883 to 934. ‘The state of trade in the manufacturing districts has not been 60 payee during the present month as when the last outward steamer sailed. A combination of cumstances, which we hope are only to be of temporary duration,—namely, the Gite ter state of the money market, and the difficulty of obtaining higher rates for manufactured goods, together with the heavy failures in t] ain trade,—have tended to cast a gloom in both Yorkshire and Lancashire. The continuance of fine weather, enabling us to reap and secure, the splendid grain crops of these kingdoms, a greater accommodation in the money market, and the receipt of orders from abroad, will once more give healthy tone to both the cotton aud woollen trades of England. On the subject of Freights Messrs. Kocke and Boult thus write:—A material falling off in the export of dry goods has been in some degree compensated by increared shipments of iron and earthenware, which have been abundant, e ally to New York and Boston, so that vessels have loaded easily, though rates continue low Passengers have offered freely for New York; but to Boston, Philadelphia, and New Orleans many ca; tains decline taking emigrants at all.in consequence of the heavy expense and vexatious suits to which they been subjected. For New York—dead weight, per ton; fine goods 15s to 208; hardware, 7s. Boston—dead weight, 12s 6d to 168; fine goods, 20s; hardware, 20s; earthenware 6s Philadelphia—dead weight, 10s to 12s. 6d; fine goods, 203; hardware, 208; earthenware 7 6d to 8s. New O: leans—dead weight, 15s; fine goods, 20s; hardware, 20s; earthenware, 6 The Corn Trade of E [From Wilmer’s Times, Aug. 14.] Loypon,—This market has been in @ dull and depress- ed condition since the date of our last report, and prices have further receded, with a continued downward ten- dency. The business transacted on the 9th was limited, and the rates last quoted were sustained with diffloulty. Fiour was 5s per suck under the previous week’s rates, whilst little or no demana was made for Indian coro. Owing to the pe arrivals, flour was depressed on the llth, and for wheat the inquiry was limited, but full rates were paid. Other artteles of tne trade were neg- lected. Mark lane was in a quiet state yesterday, Aug. 13 Both wheat and flour ruled dull, and prices were a shade lower than on the 9th. No business was reported dn Indian Corn or Indian meal. Lonpon Conn Manxet.—The weather yesterday and to-day is bot and sultry, but some quantity of rain ap- pears to have fallen in many parts of the country. At this day's market the few samples of English wheat brought the ruling rates of Monday. We had a fair at- tendance of country buyers, who took a moderate quan- tity of foreign, but all contract their operations to mere retail purchases. Barrel flour in fair repate, it being relatively cheaper than wheat. Grinding barley steady at our previous currency. Although our arrivals of oats are moderate, there was no improvement in price at demand, but « dull sale at So few transactions occurred in other grain in value can be reported. Tuomas Ussonne & Son, Cornfactora, 5 New London street, Aug. 13. Liverroo.—The weather has been rather unsettled during the last eight or ten days; consequently holders of grain and grain produce e been disposed to make the most of it, with the view of enhancing the value of every article in demand The extensive arrivals which have lately taken place, both from the United States and the coutinent of Europe, have tended to keep pri- oes from rising. At the market held on the 6tn instant. wheat was languidly sold at an advance of 2d to 3d. per 70 \bs.; an improvement of 2s. to 2s. 6d. per barrel was paidfor flour, but tne transactions were limited. In- dian corn and Indian meal were taken sparingly st our last quotations. On the 10th wheat was in moderate demand at the rates of the 6th inst., but flour was some- what cheaper—say 1s. to 2s. per barrel Yesterday there was a fair attendance of buyers, Sales of wheat were made at a decline of 3d. to 6d. per bushel; and flonr, of which the supplies are large, found difficulty in obtain- ing from 258, to 278. per barrel. Indeed, the chief sales were made at 26a. In the morning a sale of both flour and Indian meal was made; the former is reported to have realised only 20s. and the latter 12s. 6d. per barrel. Avyenace Paice or Grain. Wht. Brly. Oats. Rye. Bns. Peas Flour . 87 1 SEAL 9210 65 0 4 9 56 8 OO 3111 61 9 53:0 5510 0 0 297 67 9 52 153 8 OO 30 5 599 1 St 6 53 0 0 8 311 47 1 54 8 46 6 OO gil 622 41475 00 te av’ Aare eee’ me 7 7 1 31 2 60 6 53 4 82 8 oo Continentat—The advices which heve come to hand since the date of our last publication show that in the Lower Baltic ports there was little or no disposition to speculate in any article of the grain trade. At Stettin business appeared to be at a ae gp toe stand still. A let- ter from Genoa informs us that holders of wheat had shown a good deal of anxiety to realise, and that, though parcels on the spot were held comparatively high, cargoes to arrive had been offered on moderate terms — Polish Odessa, immediately available, weighiog 616 to 621bs, had been sold at 51s 6d to 63s, and Marianopoli,ot the same weight, at 51s 6d, whilst sales for future deli- very had been bout 428 per quarter, free on board. At Leghorn business was very dull, and Odessa was then freely offered at 428 to 45s per qr, free on board, according to quality, weight, &>. e business done in ‘Whoat, in Hamburgh, was confined to small purchases made for local consumption. Good samples of 61lb to 6alb red, were quoted at 7s per qr., free on board. Havas, Aug. 7.—Wheat and flour.—Although prices of American flour have experienced a decline, there has, nevertheless, been @ certain degree of activity in the de- mand, ¢ 17,000 bbls having changed bands as fol- lows, via: Now at Orleans [33 to33 60, and Western at 134 to 36 per bbl. Some lots of New Orleans found buyers at f31 to 31 50 per bbl, all sound, We now quote prices at £33 to 36, according to brand Good wheat has been sought after, but ordinary quality has been entirely neglected. The sales offected were 30,000 bags United States growth at 157 to 68 sack of 200 kil. according to quality; 800 hectolitres Riga were brought to the ham- mer, and knocked down at f2 to 54, and 1100 hectolitres Dansic fetched {71 per sack. According to the official returns, published at the end of last month, the average price of home wheat for all France was 129 95 per hecto- litre, making a decline of f5 44}¢ on that for June. At the corresponding period last year it stood [22 74, against 118 30 ad hectolitre in 1845. The average at the last Montivillier’s market was {74 per sack, showing # rise of f4 on that of the preceding week, Some new wheat had money marke been in such o feverish and uneasy position, and the weather more or less unsettled at seve- ‘been exhibited. The imports were 7,127 bbls flour from the United States, and two cargoes wheat constwise, would therefrom ; ably receive benefit from a moderate ‘ Bur as «% considerable quantity of cori is out in the southern counties, and @ great deal is nearly for the sickle, much rain would prove exceedingly . The ieports from the cultural districts con- tinue very c form au op'nion as to the probable result of the harvest; it appears. however, to be pretty generally allowed that if the weather should be auspicious for the ingathering, wheat would yield an average return. Burley and oats worably spoken of, and jt is the prevailing will be abundant im quantity the articles &e., that we have come to the conclusion that the pro- duce must berks Pn short. The accounts of the ve also, we be- parties who maintained ne recent wi int up to a very that there was no appearance of disease, now state that the disorder of the last two seasons has un- questionably attacked this root. Should this really ‘ove to be the and the main crop of potatoes sgain lost, the effect on jces of grain would be soon felt. The rapid rise in the value of all kinds of ars last autumn was mainly caused by the potato jure; and though the consequences might, perhaps, not be quite so serious this year, owing to opting corn having turned out better, stil even a partial failure oj this important article of food would be very seriousl felt. Under these circumstances, and taking into consi- deration the very reduced state of the stocks of all corn, ag onl; - this erent ener pie tyes me of Europe, eo existing lo e in pears to us scarcely warranted by the actual position of affairs At this period last year there waa certainly a much larger quantity of wheat of home growth on hand than there is at present; there was besides, some two or three millions of quarters of foreign here, with.a certainty of large su! from abroad. The crop of wheat was then as bigh- ly spoken of as now, and the consumption was certsiniy not greater; we are, therefore, un to discover any valid reason why the value of wheat, which has already receded 40a to 50s per quarter from the highest point, should continue to retrograde. Tho fall was nati enough in the first instance, but the price haa now been reduced sufficiently to check isporeetionss and when the alarm shall have somewhat subsided, and the matter be more calinly in’ Af @ rally may be expected. We have again to report rt arrival of wheat of home growth into the port of London, the tots! ceived coastwise up to this (Saturday) evening havin; ounted to only 3,396 quarters. The show at Mar! ldne by jand carriage samples has also been trifling; in- deed, beyend what was left over from previous receipts, hardly anything bas been offered. The few runs exhi- bited on the Essex »nd Kent stands on Wednesday co! sisted of parcels which had remained unsold on Monday and factors being anxious to effect a clearance, ther reduction of 2s to 3s per quarter was submitted to, at which abatement th ter was placed. ‘The unsettled appearance of the weather on Friday, and the extreme insignificance of the supply, imparted ‘ somewhat firmer tone to businesson that occasion, and the millers experienced some difficulty in purchasing at former rates. At length a falling off has taken place in the arrivals of wheat from abroad, and against 60,000 quarters received last week only 26,494 quarters have come to hand during pene eight days. ‘Faving, how- ever, a large quantity at this port on Doard-abl ), which the importers are very desirous to dispose of without in- curring landing expenses, a decrease in the foreign sup- ply is not likely to any immediate effect in lessening the pressure on the market, if unaccompanied,by circum: stances calculated tolead to animproved demand. Wet, or even broken weather, would most probably give rise to the latter; and the little rain which has fallen within the last few days has not been wholly without influence. On ney hardly a transaction took place, though white wheat of very good quality was offered at 60s., and other sorts at proportionate rates; since then there hi been rather un disposition to buy, but the bids have been very low, and the bargains actually closed on Fri day were not of much importance. American flour ing been offéred at prices relatively below those demand. ed for flour of home manufacture, the sale of the latter has been exceedingly difficult. armvals from the United States and Canada have amounted to 43,390 bar- rels; and many importers have shown themselves very euxious sellers. Fine brands of Western Canal have been sold in retail at 283 Cee barrel; and to induce purchasers to take larger quantities 1s. to 2s. per barrel has in some cases been taken. These sales will of course entail it losses on the importers, and the advices which left ere for America by the steamer which sailed from Liv- erpeel on Thursday may tend to check shipment from the other side. The Spanish Consul General has transmitted to Lloyd's copy of the following Royai Decree:— “1. From the time of receiving this Royal order, the Royal proclamatious of the 14th and 23d of March la: are suspended, and consequently the exportation to tor eign countries by sea and land of corn, maize, barley, rye, flour, rice, and potatoes, whatever may be their re- speotive prices in the markets, is permicted. “2, From the same date the Royal dues and the other imposts and duties to which grain and alimentary seed were formerly subject, and which were suspended by the said Royal order of the 14th and 23d of last March, shall be again demanded throughout the kingdom “3. The importation of foreign grain will be regulated as before the said Royal orders, in conformity with what is directed in the Royal decree of the 29ch of January, 1834, which returns to its full force and vigor. “4. All the Royal proclamations and instructions, general and particular, which have been issued relative to the traffic aud commerce in grain, since the Royal orders of the 14th and 23d of March are anaulled.”’ ‘The above decree has been issued in consequence of the very favorable accounts received by the Spanish government respecting the state of the grain harvest in all the provinces of Spain. ‘Tue Haavest, &c.—-There now appears, from various reports written in all parts of the country, that the coming harvest will be tue most abundant known for many years. Tho hay crops have already been safely gathered, and the swathe has been unprecedently great; the corn crops, now ripe for the sickle, are equally heavy ; and the potato crops, about which divers, anu in many cases interested and sinister opinions have been offered, will yield perhaps a —- quantity than has been known for many seasons. We refer to the ac- counts given in another column, from which it will be seen that there is no cause for grumbling or cowplain- ing, but on the contrary, much reason for gratitude and thankfulness. There will soon be plenty in the land for man and beast, This delightful prospect opens out many sources of satisfaction. With this I perk sup- ply of food we may expect a speedy revival in tr de and manufactures, and with it comfort and tranquillity io the abodes of the tens of thousands of working men, de- pendent alone for subsistence upon their labor in the metropolis, the midland counties and the north of Eng- land.—London Mercury, tug 14. Miscellaneous Markets, Liverroot Corton Manxet—For the week ending August 7.—At the beginnlag of the week the market showed a little animation, sales being made at ht advance onthe rates of Friday Iast. On Wednesday, owing to the unfavorable accounts from London of the money market, all confidence at once changed, the ad- vance noticed was lost. and though we make no chauge in the fair qualities of cotton this week, yet the middling The Manchester market has also felt this change. and all purchases made by the trade are only just suffi forthe moment. 3000 American and 900 Surat bave been taken on speculation; nnd 150 American,100 Surat, 50 Pernams.and 220 Maranham for export. Sales for the week, 29,970 bales.— George Holt § Co. Anoruer Reront.—The trade appeared more dispo- sed to purchase early in the week, when higher rates were obtainable; since then, in consequence of the stringent state of the Money market. the demand was materially checked, and the limited business since dune has been generally at a decline of one-eighth per 1b on the quotations of Friday last. Speculators have taken 3000 Americai 1d 900 Su and Exporters 1500 Ame- rican, 60 Pernam, 220 Maravham and 104 Surat. Sales for the week, 29,970 bales.— United Broxers. For the week ending August 13—Our market this week. owing to many causes, has been dull and gloomy; but still prices remain unchanged, avd the quotations of last week are without alteration. Perhaps both yester- day and to-day, a tittle more confidence been shown in some quarters, large purchases having been made for thetrado. The packet ‘of Ist inst., from Boston, is expect ed to arrive in the evening, or to-morrew morning, and her accounts are looked for with much interest, a» tending very much to refute or confirm the many opin- ons which are given as to the appearance and extent of the growing crop. 1000 American have Been taken on speculation ; and 2270 American. 900 Surat, and 520 Par- nams for export. Sales for the week are, 22,630 bales. Lexpon Markets, August 13.—Cotton—Since our pre- vious report the home and export demand has been limit- ed for all Cpa Naber on speculation scarcely any sales have been ), and the rates taken exhibit a decline on those previously current of 34d per 1b; Surat, of mid- dling te good quality, selling at 4%¢d to 64d; Madras middling to Tinnivelly 5444 to 534d, and Boweds, Tu perlb. None has been offered at pubsic sale, but some parcels will be announced shortly. On the 10tw inst. former rates were asked, but the amount of busi- ness transacted was to a snail extent only, say about 200 bales. Naval Stores—No business has been done iv rough turpentine since last report. Spi are rather firmer, being held at 38s, which has been paid for Eng- lish drawn; there is a better feolipg in the market. and holders mostly withdrawn their stocks of American; others are asking 40. per cwt. A cargo of about 800 bur- rele of Stockholin tar has been dispe of at 184 64; the dealers aro getting 198 to 196d per owt. Rice—We have a rather dull market for East India, aud prices have receded below our last quotations. At present none are being submitted to public competition; but privately se- vernl parcels are preseing for sale. Carolina is hoavy of dieporul at 23s to 328 for town dressed, and 21s to 24s for that imported. Patna has fallen in value; at 19 to 248. however, & good demand prevailed, but there is an in- creased supply. Liverroot Manners, August 13.—A+hos—Montreal pot of new import has found buyers; smull parcels nt 303 per cwt. Coal—We have no alteration in this article. The demond for export has been somewhat better Hides—‘The market is still dull. and no sales of any mo- ment have been transacted. Iron—The trade in this article is still in a very healthy position. The makers of wrought in every department are fully employed, sad there seems no probability of any material alteration in prices for some time to come Pig, notwithstandiug the diminished makes consequent on the turn-out of the workmen in Scotland, is rather depressed. arising «Imos entirely from the pressure on the money market. but os this pressure is considered only temporsry, » reduction may shortly bu expected, and better prices for pig ob- tained, The following are the present quotations, dv- livered ip Liverpool: —Mercha t bar £9 15s; best rolled £10 108; hoop £11 108; sheet £12; nail rod £10; Scoton pig £4 | Naval Stores—In turpentine or tar no transac. tions have been reporte'!, but prices are unaltered in value, Somo 700 or 800 bbls. ot American rosin have heen sold at late rates. Oils—Only small sales have been made in olive at previous prices, A few sales of seal have taken place at full prices, and of cod at £27 per tan, Pale rape and linseed are steady, witbou Phange {a prices. ‘Turpentine is again dearer, and 38 per cwt. has been pet . The sales of palm amount t ‘about 180 tons at £34 to £34 lis per ton, the and ordinary qualities are somewhat easier to buy — | demand. Tallow is more inqui for} usual at this season of the year, and Petersburgh: is very steady at 498 to 49; ral yey Amertean sold briskly, at " it to 488 owt, been ‘ngland, where the rosti q 1 searcity in money, unfavorably on business, asd the Tesatlofaceore gence from some of our manufacturing dep have tended considerably to damp the demand, ant checked further amendment for the present. As t # period of the season when the accounts from th ted States of the coming crop are key to have ie Union fluence on the market, the arrival of of the 24th ultimo is daily loo! t0-withs siderable degree of anxi The following sales eSected : 3329 bales New Orleans £96 « 116f, bales Mobile f 96 50c a 110 f; 2059 Upland £75,600 a) 800 Now Orleans, to arrive f 102 f; 100 Mobile, to 101; 300 Upland, tonrrivef 100; 169 Sea Island £214 f. Ashes—Nothing worth notice has take; place our last re] , and prices are looking do’ n Pot would command at present more than f Some bbis, Pearl realised f 54 50 60 kil., duty, (1 pela No supplies have arrived. Stock’on bond bls. Hides--We have no change to notice in the tion of our market. The sales have been to a vi ited extent, only 1000 Rio wet salted having found] 4 918 Monte Video dry at 6030 per b At public auction 5000 Monte Vid re rua off at different imports. Rice—The demand fcr export having Carolina continues to be neglected, and prices quoted at £27 to 30 for new, and for old wth 26 per 60 kil for home use. In other desoriptions, b er, we have to.report sales of 25 tons Lombook. to at 17, and 1100 bags China, at 21. No imports low—Very little inquiry has been manifested; th sales to record being 28 hhds New York at {72 9 163 bbls New Orleans at 1 63 25 per 60 kil, duty p We quote Rassia, in loco, at £70, and to a £68, for consumption. No supplies have been reo Whalebone—There has been # good demand for sumption, the sales consisting of 10 tons southern f at £22734 to 220; 10 tons north-western at f2 1 6 tons ditto, to arrive, at from f2 05 per half-k! paid. We have received no accession to our which amounts to 126 tons, against 130 tonslast ys ir te ie eens District: ‘rom the European Times, 14 Considering the uneasy state of artes and the faet that the business bas been in a gt gree suspended during the period of the general ave reason to focl satisfied with the accounts the manufacturing districts since the sailing Cambria. We append the latest reports received Leeps.—There was a good attendance of mereh the cloth halls, and several of them purchased For white cloths, Spanish stripes, and other arti able to the India markets, there was a fair demand the sales of colored cloths embraced the fabrics have been most in demand of late, both for expo: home consumption. The demand for the home t betas improved of late. Wools are tolerably q prices. Mancurestexr—There is a complete st tion market, and anxiety and gloom prevail in all qu We cannot quote any decisive chunge in prices. are vel w transactions. In such a state of th ket, prices are of course in favor of the buyers, bi present state of the money market effectually stop to all operations except only such as ure of thy Mmited nature. The wet weather in this neighbq ‘no doubt contributes to the gloom prevailing on ’o! but we are happy to inform our readers tbat th eee seems to be confined to our own immed! trict. Rocupare.—We have had quite as many buyer manufacturers in the market ag on the two p: market days. Low flanuels and dyed goods wi moderate demand. [pent hen] descriptions finished goods sold a le higher in prices, bj wasnot general. About anaverage quantity of by wasaone. Withia the last few days. several ex! flannel manufacturers have sold large quantities ished goods at prices similar to those a fortnig Foreign wool sold at the same prices ag those week. Brokes and skins continue scarce, and prid rather stiffer. ‘The hand-loom flannel weay. rather more work than jeg eee @ month or six ago, but their wages are nc better yet. Bravronv.—Business was uncommenly quiet piece market, although some manufacturers are g to order. There is not much activity in our Wod ket to-day. The supplies bave come in rather mo! of late, but the prices are too high to allow of any sive business. arns are more inquired fer, shippers appear to be buying more ly. Some| spinners are well supplied with orders, and a fu C tained a slight advance; otherwise there is no jon. Hacirax.— Neither in prices or in yarn is thes gar ther demand or price ; continuing in both. Long wools are held more firmly, but spinners do not buy ‘freely; in wools rather more is doing, and the late advano to be well sustained Hecxmonpwike.—There was @ numerous atte! both of merchants and manufacturers at our B: hall, and a fair business was done in blankets, ch the lower qualities. Pricesremain the same aol ported. The War, dic. OCCUPATION OF MEXICO. {From the New Orleans Delta, Aug 21 } We have already stated that the government dered the raising of 10,000 new troops for the MI war. The object is to reinforce Generals Tay! Scott, and enable them not only to conquer Mexi to hold it lasenhgs ily we it is conquered. In other the government been com; to pursue tl rourse, which we predicted long ago, would be evitable result of this war. We have never fora moment, since the Rio Grande by our troops, belt that the M ‘would consent to @ peace u the gover overthrown, and the whole country occapi: The President and cabinet have been slo ery circumstance which seemed fa to peace, and embraced ry Opportauity of teng pay, aolicitingit Their too great solicitude woul defeated their purpose, if it ver oeun feasibli it never has been feasible. Uhe ides that if Mr. nan’s proposals had been sent on after the rout a} Gordo, they would have beeu favorably received| out of an entice ignorance of the character Mexican people, and the true posture of Mexican There was never, during the whole war, a mor! vorable momeut for the reception of peace prd | than when the news of that disastrous affair | the city of Mexico. There is no occasion, on | believe the war spirit was more rampant, and th | parians of the North’? were more thoroughly det ‘The government is now on the right track Mi bas displayed an earnest and most laudable d If he has erred at all, it has been per He has made offer upon offer, most generous and liberal spirit, to open negotiay Now let him show the world, before whom be wil fairly justified, that these offers have proceeded f| want of firmness or vigor on our part. Let bi possession bodily of the country, énd hold it easily the expenses of the government he m blish there, together with all the arrears of this ‘This movement will be strongly supported by a p party in Mexico. We know from the most authentic source, that as powerful as any of the feetions in Mex! more respectable than any in omposition, en! the men of wealth and property, as well as man: liberalists and anti-monarcbists, is prepared to vountenance and support to the occup tion of public of Mexico by the government of the Stat And go great is the desire of that party event, that they have hitherto op) ‘8 pead the fear that it would prevent their darling o cupation. grasped ut THE PROGRESS OF THE WAR. [From the New Orleans Delta, Aug. 21,] On the 7th August Gen, Scott took up his march for the city ot Mexico, Of this thereis n or uncertainty. His march was by division Twiggs commanding the van, Gen. Worth the and Gen. Pillow bringing up the rear Tho Childs remains in charge of the garrison of Pu position of no litwle peril, and requiring the ex all the address, caution, and skill, of this 6: officer. The distance to the city of Mexic ruebla, fv about elghty- miles. The road greater part of the distauce is excellent. The on culties oocur at Rio Feio, and they are not serio divisions, with their heavy cannon aod long tr not m moro than ten milesa day. If they m ‘00 resistance, Gen. Twiggs must have arrived be! city of Mexico on or about the 16th of August, the three following days was joined by the divia! due Generals Quitman, Worth. and Piliow. But of the opinion that the Mexican, if they intend at all, will wake astand at soine of the strong po the road, rather than attempt the impracvicel ruinous Undertaking of defending their onpitel asitisinan open and {udefensible plain. Th uever been a battie fought in Mexico under the che city. Numerous eugagements have taken which involved the possession of the capital, bj have always occurred some distan its Soott took with him about 12 000 mi of which are now veteran soldiers, such as we) on a be surpassed by the troops of any cou! the world, NAVAI The sloop-of-war Albany was to go into the di at Charlestown. on Friday last, The statement frigate Constitution had been docked tor repati wistaken one We underatand that the t« to follow the Albany in ths dock, and receive thorough repair. The U. 8. sloop of war Decatur, Command: Pinckney, sailed from Anton Lisardo on the 8th on a cruise. ‘ The taxes of the different corporations of L, as followa:—Lowell Bleachsry. $784; Appleton ( $3,360; Boott Cotton Mille, $6.720; Hamilton $6,720; Lawrence Company, $8.400; Lowell ( $5,010; Lowel Machine Shop, $2.800; Merrims i “A $11,200; Mase, Cotton Mills, $10,080; Mil Mitis, $6,600; Saffolk Company $3,900; Tremon' $3,860; Locks and Canals Company, $809 80,