The New York Herald Newspaper, September 4, 1847, Page 2

I to report the passage home of that steamef?| ie the plar @ P. Mand the pilot left the steamerat 9, off oy the sam» evening, While the pas engers were ail SPdinner, the captain came and apologised for having forcntten to take rugar on board, aod offered to go back to New York to get it, but the passengers, although dis- sppointed, desired him to proceed. ‘On the 95th, ® rope from the larboard bow. got entan- foot of Clinton street, July 24, ‘6 i i Jed on the wheel, and the engine was stopped for five ours in order to disengage It. F or several daya the captain was confined to his bed. sounded On the 29¢h we were on the Banks, and in 45 fathoms. "1 the time wa left New York up to the Slat July, we had light Exsterly winds and calms ; lst and 2ad of August we had a sti! N. £. breeze, and from the 3d to the time of our arrival in port, we had a strong Wester- ly breeze, with « heavy sea, Un the 7th of August we put into Cherbourg, at 6, A Making the passage from the pler of New York in thirteen days and four hours of steam, which may be called & very fine passage. At 10 o'clock the same day Jott Cherbourg for Havre, where the passengers were landed at 7 in the evening. I feel bound to say that the qualities of the Union, a6 a sea boat, are unsurpassed. She is s0 cary floats ry one on board of ber felt th 80 wo |. that avery " fect safety allthe way through Her engines worked in & mont sdaalrable Tanhber ‘all tho way without stopping, exrept as above stated By this, tia you have seen three more of the steamers of thi line, which. | am told, are Deseret of the same qualities asthe Union, The direotors here goum to be ve y anxious tooarry their enterprise through to the patirf-ot 0» of all, and considering the difficulties they bud to contend with they buve already done rece deat. and are eutitied to indulgence for what might wanting in come details of the service. "Their asvot in New York has en changed, andIam etont nan appointed, se ha Pes romain, dear ar. Pourticat.—The Chambers of Peors and Deputies were cloned on the 9th instant, Moxey Mauxer,—The state of the moaey market re- majus very heavy. The princi a! causes lay in the great dewin of specie by the ratiways; besides wuich. » loan of 350 miihions authorized by the Chambers lu their late pession iswaticipated. The French treasury issues notes fcnix months, at 6g per cent interest, which it did » few months ago at the rate of 8 per cent only, The yeovralsta's of business is in a depressed state, and «tooks of eli surts low. Caurs —Accoants from all parts of France, indeed from wil parts of Europe, as to the state of tae crops, are Ube most tsvuradle it is generally stated, that this year cr psof all sorts of grains and seeds are the largest, the mot aband wet aud the beatin quality that waa barvest- el in the last tweaty years However the price of bread ju Parisi wid franc per loaf of two kilms, which is very high —A_dveline ts courider-d at hand, orators — The quantity of this root planted Iaat year wae much less thaa formally, itis said that the ditvuse Lae not made its appeacance as yet, but ne one uppears to rely on the dope of its Hual cure, The Financial Crists in. Baytand..The Com- merei.t Falians in Envop —'he Harvest (Frou the London Post, August 19.) ‘The deaand for mousy was to-day more urgent again, end great wers tho complaints made in many quarters of the absouce of the usual baaking facilities Such» state of nf irs ev-m~. however, to by tusepurable from & ayatem of rads which authorises an indednite extent of impors Tho arrivals of grain, meal. and other mer co 1andise, coutinue to be very we may ray ee. larg». ax is shown by the Customs? bills of entry It reported, ludeod, that thero are @ great many cor vousrls io the river. upon th of which fs cuses retase, in the prese ervuic, to pay tbe freight money. laden However the fvot may bs, with xo vast au accuwulation of stocks bereat Liver pol, aud the other coasidurable ports of the kingdom. extremy erution is beglaning to be exercised, particu. larly sw thw ountinental mark-ts exhibit so much weak- hess. an effect, ia comm measure , of the thange that hak tek-m ploce ig England. The transactions in forcign bills ware this afteraoon characterised by an uourunl degree of fustidiousaeas on the part of the takers, The fuluree a vised from he Continent bave rendered more discrimination indispensable, and for the moment, nenw Dut dills of the most undoubted class are viewed with the smallest favor, There was,in consequence, a dia- position on the side of the drawers to negotiate on terms more f.vourable to this couatry, but the advance quoted on the principal ointe not being founded upon a Legiti- mate basis, little actual business was done. Under -the circumstances noticed, it is vot improbable that the G-ulings in bills may be supplanted for # Sime by tho exe orvation of gold, even eontemporaneounly with the ex- jstenos of an improved course of exchange, since it in elrariy not @ period at which commercial men can afford, Or will allow themselves, to run risks not absolutely un- avoidsbie As, however, the Bank of England are not just now subject to an inordinate drain of the precious juetals, what amount is sent tu the United States being chiefly in pxyment of freights, the general expectation sovme to be that the Board will not be induced to make avy immmdiate advance in their rate of discount The harvest being now pretty well beyond the reach of con- tingency. and as the call for more money {s loud, there are strong motives fora contrary course of proceeding If, however, an increase be abstained from, relaxation peur to be difficult, ifit be only on account of thé high price of raw cotton, which it would be certain still further to enbance, to the prejudice of the manu- facturers and spinners. In the midst of the conflicting considerations by which our monetary concerns are in- fluenced, the funds continue to exhibit much, end, in tact. meorensing feebleness Consols left off this evening at >67¢ to7 for money, and 87 (buyers) for account. Ex- ohequer bills 1s, dis to 2s. prem. India Bonds were done ‘at par, but both desoriptions of floating securities show a Ftrong tendency from day today to relupse to a discount, ‘Tho moderation of the railway oompanics in the enfurce- raent of cuils, at this season of pecuniary embarrassment. is ereditwble to them, so far as it govr, nor can ft fail to give high ratisfaction to the Chancellor of the Exche- quer wud the Bank of England. Were they to proceed with their operations to the full extent authorised by Parliament, iteaunot be doubted thattheir debenture would drive Exchequer paper. while it bears no higoer inturestthan ut present, speedily and effectually out of the market acircumstance the possible occurrence of whieh no member of the Administration seems to have had the penetration to foreseo. ‘The foreiga securities generally had a drooping ap- pearance. with little doing. It was account-day. but the vettlement was not attended by any diffloulty; for, nut- withstanding the pressure for money, there has been too smail an amount of business during the fortnight to give rise to Such an event he share market was excessively dull, the business of the account eocupying the chief attention of the specula- tore and brokers. The foregn exchanges were thus quoted. though, as wo buve ulready intimated. the rates were influenced’ by ‘the distrust of the usual buyers, owing to the commer- cial derangements reporced from the continental cities, the full extent of whien bas yet to be asovrtained, {From the London Herald, Aug. 18 ] The resuit of the barvest in Ireland, so farasit has yo! been ascertained, is very satisfactory. From ali pacts of the country the accouais concur in stating that ike peat crop will be more than an average, and a greet portion of it has alrendy been secured in One con- dion. Atoae time constderable apprebension was felt oa account of thy extensive appearance of blight, and eubs-quently the worm threatened to iuflict much injury ou the woripe plaut; but the fine warm weather which followed bad # most beneficial effect, the grain having quickly hardened so as to resist the attack of the worm, wod the otber injurious influences being counteracted hy the use. A much larger breadth of Jand in Ireland en sown with wheat this year than for my seasons previously. {tis stated, indeed, that the ovrn crops will be larger than were ever known before in that couutry. and green crops of various kinds for feeding cattle bave been sown toa much greater extent than Jormerly, Ofcourse these changes are attributable to tue sine ler quantity of and which has been appropriated to the potato crop. The farmers have in few cases pisated more than # third oftheir usual quantity of po- tators; depenuiag in prefersuce on the corn and green crops. which it is therefore very satisfactory to find in such good condition. With respeot to the potatoes, we think the season is now suificiently advavewd to enable us to form a judg- ment on ty question whether the reported failure of The crov Las veen partial or general, Chat it has mani- Tested itewit in some localities enanot be doubted. because the fact ix stated on the best auchurity But many of Lhe districts which were said to ov suffering from wu at- tack are now quite tres from any appearance of the disease, at lew t in the sane form as inst yemr; and Opivions one confidentiy expressed, that the failure would be g-neral and decided. are now greatly modified, Theadvices we bave received seem to prove that the plaut has been more affected ia the south than jo other disiriets; but even there many firlds, given up 26 lost, uve recovere d promise an abundant yield Al together the etate o: the crops in Ireland is very satis- factory; and although the provision trade of the country ‘must suffer cunsiderably next season from the cowpara- tive disappearance of “the pig,”’ which wiil oblige the merchants to obtain a portion of their pork and bacon from America, yet one or two more harvests so abundant ss the present would go tar to reetore the trade of the Couatry to its former condition. (From the London Standard, Aug. 14] The Morning Chronicie, in anticipation of an ai Rouncement of the failure of another great house 1m the corn trade, presents to-dey a long and well-written arti- cle upou the subdjeot of that trady, with which article we Dave vo faait wo tind, except that we do not Know to what it replies. The failuresin wie corn trade to & terrible extent are notorious ; aud we may infer, from parographa like the following. in nearly all the provincial pa pers, Ubat we have wot yet seen Lhe end of them :— ‘ “The Muglish merchants have been de a ford corn merchants iuto large investments of teat ang ey is, we lear, the cousequence Ave Cither prustreted ur sadly Gorn are oendiul. We cann Wate ford Chronicle. Toe failures we say a notorious, but we are not ‘8 them to any thing but the J result of imprudent capidity on the side of the 78 Of grain, and gross neglect on the part of the government. (From the London Standard, Aug. 17.) A most erroneous notion svems to prevail very gener- silly respecting the effect which will be , rodu mooey Markel in the United States, by the bills return- edirom England. Jt is assumed that the immediate effect will be to raise the rate of exchange, and prevent any demand for specio on this side of the water. There $a, however, 4 much greathor probabdity that the result ‘will be & very general fvcling of went of contidence, and sitbough it ney relatively fora time enbance the price of ® smuil amount of frst class bills, it will have a airect tundenoy to reduce the rate of exchange upon the great a Of paper lower than would otherwise take \ Phv Consequence therefore wilt be that every house that Das cisims ov Logiand will rather than cabait to par chuse bulls WL sUCD Beacrince, Lrausmit orders to their wgeuls bere Lo liquidate their said ciauims by builion.— On COuMquentiy that instead ot ine mars AVauciag Lue rate Of exchange in Lue aud thereby preventing tue export of rpecie, to w certain point, have preoisely thecontrary bat the commervial Oalance wt present greatly Prepoaderates aguinst us admite of no doubt, aud tne panic which is certain to take place for atiae in the taenvy marketin the United States will necessarily en- pesinduce the curtaiiment of the credit given, aod the Celing in cfoutstanding balances, With rexpeoct to tbe | Sante Auoa should entire! on the | the Roenaged Geman for our manu inlay imaginings of the ultra free-traders. A toal ‘accounts recently reovived from the Unites Stater, their domestic manufeocturing aoe the been carried on with great activity Usougnes Fa whole of the year, which, im proportion, will rem less depeadeut upon our avenge se the London Herald, Aug. The cosinenta jew of the movement of me} rd of Enginnd for the week ending on the 7th insvent,, sertod in the Herald of the messi ——— a halt 2 a0 y Prominent tether thaa public securities alearl Lond that the directors were relying more on the High ru they were charging for money than on the dirvct oon- {hey ion of their disoountsand loans. This lineof policy [ia accordance with the views of persons of the largest experience. ‘ihe process to accomplish the end ti have in view is slower in its progress, but it must ult{- ately be equally effeotive, and leas abrupt. It is true, there 4s some difference of opinion on this point, but in a choice of evils, tae weight of authority ts in its favor. it would be seen. although the bullion was still im course of dimiaution. that the difference the woek bud been inconsiderable, It is, however, gynerally believed that a good deal has been of late withdrawa from the actual circulation in the provinces—-otherwise the differenee woud have been larger. We must remind our readers that the rates of exchange are not alway barometer to be saf-iy depended on in this respect, t! dearness of money for a time having a direct tendeucy to give them an artificial support in the face of a conel- deruble adverse balance. ‘This in believed to have been the actual state of affairs fur the past fortnight. The small increase which appeared in the head of ‘blie Se- Curities is ouly worthy of notice as tending to show that the course the directors were steering was & little diffe- rent from what might be expected. Still, however, it would be observed that the aguregute of the actual paper circulation in the bands ot the public bad been con- tracted chiefly by the increase of the unemployed notes in the banking department The diminution of a sum approaching to half a millionin the other than public deposits, is a clear and unequivocal proof of the doar- ness of money, and its natural result, for it is not to be presumed that when such rates are cbarged for discounts large balances will be left in the hands of the bankers by persons acquainted with business as now conducted. Late in the afternoon of yesterduy the firm of Giles & Co.,atirm that has been extensively engaged in the foreign corn trade, was found unable to meet its pay- ments. The house bad been talked of for several days past, but the stoppsge was not flaally decided uotil the close of the clearing house in the afterooon Their lis- bilities are, it is ssid toa very large amouot, entirely the result of the depreeiation of prices siace they {acur- red the responsibilities, Weare informed thet the re- coil in this imstauce will fall chiefly on the United states At present it is imporsible t6 form: any accurate estimate Of the proportion of tne lwbilities which any one of the fallen hou-es may be able to pay. ‘The arrival of che papers brought by the Britannia was waited for wich great anxiety durivg ‘the whole of the morning. and busivess was, in some measure. held ip abeyance. Tue chief point to which attention was dl rected was the rates of ets at in order to ascertaio the probability of a renewal of the demaud for bullion ou this couutry. That the commercial valance is great- ly in favor of the United states at the present moment id WuquUestiousble; but it remains to be seen how fur that balance wili be neutralized by the purchase of our wanufactures. Notwihecanding the fail of the prices of grain (here is uot the slightest duubt bur that large im- portatiuns will be cootivued from the United States. even shvuld it remain warehoused throughout the ensu- ing year. The certwuty of thie course being adopted with wt onoe be evident when it is recollected that graiu fall kin scan be imported free of duty until March urxt, wt whieh period the restoration of the corn law will, im all provability, impose tue um»ximum duty under Sir Robert Poel’s last scuie Durins the winter, there- tore, Englaud 1s liksly to be the great emporium of grain from all quarters of the world from whence it oan com: mand the best market; foro time, however, this will in- evitubly tend to increase the baimnos againi the arriv-l of the ‘y ashington steamer at N: vising @ partial upward reaction he: had followed in the American markets This must be considered rather unfortunate, as tending to throw peo- ple off their guara aud render them less prepared for the tremendous recoil that will speedily ove~tuke them. No returned bills had reached the States when the steamer started, but the state of the market for exchange may be easily understood from the fact of the wide range taken in the quotations; distrust ot the consequences had obviously begun to prevail; for whilst some paper has been negotiated under 105, others was dove as high a8 10614. ‘These quotations are lower than those receiv- ed vy the previous accounts, and the tendency wus de- cidedly further downwards, The failures that have already taken place in the corn trade here will to a cer- tainty full heavily on the American merchants, particu- larly at New York and New Orleans. [Faom Charles Wilmer’s Mail, Aug. 19] The money market hes been kept in a state of uneasi- ress aud alarm by the sudden unnouncemeut of ad- vanced rates of discount by the Bank of England, and by a succession of failures of London houses connected with the West Indi. and American tradv. Of these the houses of Messrs Fraser, Neilson & Co., West India merchants, and Mr. Edward Robinson, in the Mauritius trade, were inconsiderable; but the eminent firms of Dougias & Son, who failed the previous week, and whose liabilities are £1,200 000 ; and os Lesley, Alexander & Co, who suspwnd-d payment on Monday week, and whore engagements are stated to be £500,000, have se- riously disturbed commercial confidence. On Wednesday week two more important failures were announced on the corn market. Messrs, Coventry & Shephard, and Messrs. King, Melville & Co., the lia- bilities of whom are each estimated at about £200,000, Yesterday, Messrs. Giles & Son, also in the corn trade, stopped payment. itis J eormper sd understood that the weight of these failures will chiefly fall upon American houses ; and con- siderable difficulty has a:isen during the week in conse- quence of the refusal of acceptances to draits from America, said to bave been drawn contrary to instrao tious, bat this bas been relieved to some extent by the interference of Messrs. Baring & Co, to protect these drafts oa behalf of Messrs. Prime, Ward & Co., of New York, whose endorsement they bear. The rates fur discounting first class bills range from 6 to 634 per cent, but the greatest caution is exercised by bankers and bill brokers. The funds are steagy at 87% 37 for comsols for money ; and 87}, 34 for the account. The pressure of the restrictive policy of the Bank of England, whose example is followed of necessity by all the private banks of the empire, combined with the heavy failures enumerated below in tue ourn trade, Lave almost paralyzed trade in every description of produce, exoept American flour, which, being relatively cheaper than wheat, has beeo purchased extensively for imuwedi- ate consumption. The unprecedentedly large arrivals have, however, jaduceu holders to sell freely at still fur- ther reductions in price, Rumor bas been vusy here as to the safety of various firms largely engaged ia the American grain trade; but it is tolerably certam that in Liverpool ousiness has been conducted oa mach w re solid principles than ia Lou- don, where numerous middlemen intervene between the owners and purchasers Since Friday last, cotton has been somewhat more freely bought by the trade tor the supply of immediate necessities, und a lite has bven sold for export; but notwithstunding the now adinitted deficiency of the crop of 1846, aud the usual inultiplied reports of a orop heluw the average for the preseut year, prices have re- maived stationary. Sugars, coffee, und tea, have all shared in the general depression. Foreign sugar for exportation forms the ouly exception. Considerable inquiry has been made here for slipment to the United Siutes, and during the fortnight upwards of 290 hogsheads, 8 810 bags, 270 cases, 2.160 boxes, and 2 550 barrels have been sold. In the markets for manutactures, prices have exhibited # decided downward tendency, aud it is seriously pro- posud vither to reduce the hours of working or wo stop many cotton mills altogether. The trade in tngtish wools is dull, but prices are maintained. In yurns the home trade is steady, and shipping houses’ purchuse more freely. Fancy pleoe goods move off steadily without chavge in vulue. At Yottiogbum aud Leiovster the demand in the hosiery trade is uot equal to that usuaily realized at this season, beat lace there is some provement for foreigu snurkets. [From the European Times, Avg 19] Tho geovrsl convulsoa which bus taken placein the moury warket. Wogetuer wita toe decline in Lhe price of grain, Have protucel aiteady mavy serious failures in Englaod, Ireiud, wad ou the coutinent, ‘The estimated awmount Of (heir havilities ts stated to be about 2 v0U.000 sterling. The tirms whch huve already saspeuded puy- ment, are Messrs Chacles Dougiass & Co ; Lesley. Alex- ander & Co; Coveniry & Stuvppard; King & Melviile; Fraser, Netiwon & V0.; Edward Robinson; and Giles & Son, of London, Periia & Co, Liverpool; Saurpson, Langdale & Co, Stoekton-vn-Tevs; Fraser & Cv,, Ant. werp; Cropp & Marchand, Hamburgb; sud # large con- a wt Sligo; most of woom were eugaged in the corn ‘ade, Nuwerousother minor cone rus bave been oblig- ed to yluld to the present pres-ure. A considerabie amount of bilis bas been returned to the Uaited states. the drawers having refused acceptance on various gtouads; and it is understood that Messrs, Bariny Bro hers & Co have interfered fur the honor and ac- count of Messrs. Prime, Ward & Co, of New York, ine jarge amount of bills bearing their eodorsement. At the official meeting of the Bank of Engiand directors, on the, 6th inet., the minimum rate of discount was acclared to be 54g per cent, At this rate only snort dat- ed bills were discuunted, the rates reaching even 644 for long dated psper. [he money prices of Consols bad fallen already t» 834. whea the above official announce- Meut ovairmed tue report, which wo have already given Ot the previous Monday, and Consols immediately ua- uerwent great depression, having been done av 80/4; Ubey then rallied to 87, about which price they bay Huctuated since, On Saturday, Consois opened at 0755 to 4 for mor nd 87% to 3 for time, and in conse qUsune of some salud tell C087 Wo 3 for moury, and 474 \o 874 for thy present ncoount. Yesterday wad the day previous Courols continued ubout 87, the latest prices 'rom London being 87 to 3 for sooount, nnd 46% Lo 87 for money. Reduced Threes are 8744 to 4. _I’bewe-and- * Quarter per cents, 88% to 9; Exchequer Bills, 26 dis. count to Is premium; bank stock, 196 vo 7. Opinion tn Kurope Relative to Peace with (From the I hs ite 7 © London Uhoniole, Aug. 16 | gocrbianits to the good ofloes of the Lagi ciabasiy in wo HHs.communic.t ous between the belligeronts, the p peote ot Pexco in Mexiou are considerably improved sinoe last we adverted to the subject. Unless it be the deliberate purpose of Santa Auuu, by a semblance of pa- cific intentions, to draw the United States army into a snare for their destruction—and this, even where he in- clined, be might find some Aidloulty in effecting —there fuems HO reason to appreneud aay serious juterruption to the negotiations tor peacr, which General Scots s ad- vance to Che Capital will Merely render it more urgent Upon the iubabicwnts of that city, if they dread the sone Sequences Of @hosiile Ovoupation, to bring toa poed: congidsion, With them we presume the decision will principally rest, 60 far as pudlio opinion can be brought to bewe upyu their rulers, The lewer orders maa, ve fob War,DUti! Saute Anus be NOW, «8 people ew siacerul dispowd for peace, tus general Wishes of tite Uppet classes and of the forwign residents, the numbers of his own | Pettonal adherents, ond the near approach of the wug- mented forces of the enemy, tu check the warlike ardor ought to enable him tovkerp OL the populace. If, indeed, end the Congress a het = vee suicidal & procedt would tend so little to for the Mexican P1 reputation lost since the commencement of the war, that it seems most improbable ‘he should have recourse to it. If he did, freah revolution! would 6) lily transfer the su- preme power pogo pga ‘he Sevegue woud aa nave long to wi appearauce of an authori bork competent ‘and willing to entertain their opel of peace, ‘The. curtain is about to fall, then, upon act the first of this far story will record as the “ partition of Mexico” is at hand — Mexico has unfortunately, in a certain serse, become what Napeleou and his quondam ally, Alexander, in their appropriative moods were Sag of walling un cada- v nd the knite of diplomatic butchery is whetted for her'speecy discerption. “ Where the carcase is, there the jes will be gathered together,” was the text with which homilies on old-world appropriations uot infre- quen'ly commenced. Hvrv it would be less applicable ‘The new world sup] bioody feast. The American eagle descends uncheck and unvied with, to satiate his young rapacity with the tit-bits of his unresisting fue. How the imperial vultures of the old world must envy the magnifie nt booty thus wunced upon in his first fl ght by the American eaglet We are grivved at the iate of Mexico, and have no dis- position to jest over her fall— “Sunt lacrymme rerum, et mentem mortalia tangunt.’”” But we cannot avoid med amused at the contrast be- tween the vast territorial acquisitions of the Upited States and the paltry pickings which reward the iniqui- ties of the “partitioning powers” of Europe. ‘The peace, or first ition, being now so near at hand, it becomes an object of curiosity to know what amount of territory is likely. to change hands on the occasion The correspoadoute of Amvricau newspapers are Dot generally the most trustworthy authorities. At the same time there is # leakiness in the minor officials of the republic that allows details to ooze out which would iu another country be kept profoundly recret. And we shail not be sarprised to ind the statement of a Wash- riter veritled, that the proposals of which Mr the bearer, comprise the cussion of—lst, New Mexico; 2d, New or Upper California; 3d, (subsequently added) Old or Lower California; 4th. the Isthmus of Lehuantepec, or at least » perfect ~— of way across the isthmus, which would, io the existing relations of the United States and Mexico, be equivalent to actual possestion. The Eastern boundary will of course be the Rio del Norte, as far as the pass; snd if the peninsula of California be ceded, we suppose the western boundary will be the Rio Colorado. or perhaps the Rio Gila, which flows directly west, and@ line drawn from its source down the Sierra dv los Mimbres, aud then acrosa to the tn degree of latitude is spoken of aad deprecated by the American papers. But this, we presume, was only contemplated before the demands of the United Suates were extended to Lower California. In fact, such @ low, if drawa to the Pacific, would leave the Mexicans ® cunsiderable portion of Upper Califoraia, too, and it drawa only from the Rio Colorado to the Rio del Norte, it would leave them the westera hulf of New Mexico. ri garcig timate ighir cobs eter But it will be time enough to speculate further on the losses of Mexico and the gains of the United States, when the conditions of the 0, a8 serra ratified, shall have reached us. The Yankee Bronnus has yet to enter the Rome whose ransom is to be so dearly bought. even though Mexico should pocket the small change of 3,000 000 of dollars which Mr. Trist is said to carry with him as bait to the need and greed of the Mexican Government. ‘One point of great importance in the treaty, we have nowhere sven apy allusion to. That is, whether the United States intend to make aa unc nditional surreu- der of Vera Cruz, and the other ports in their possession; or whether they coutumplate reaining teem, for a time, «8% guarantee for the fuifilmeut of the new compact Oc they might make the restoration of these ports con- ditional on the concession of commercial privileges or other imununitivs to uatives of the United States, which would encroach upon the rights and compromise the in- terests of the neutral powers. We trust that while our umbassador lends hig hearty 00-operation to the conclu- ding of @ peace, he wilt oppose the concession tu the United States of any commercial privileges to which British subjects shull not acquire an equal and undis- puted right. {From the London Times, Aug. 16.] . . * * * . * In a word, we think it highly probable, that General Scott is hulting at Puebla simply because he cannot ad- vanes, and is ashamed to retire, and that the empressc- ment with which the Americans are endeavoring to ne- wotiate @ pauce is attributable not only to their hanker- ings after ceded territory, but to their anxiety to extri- (e their army from a very unpleasant and uzpromising position ‘Their own story is,that the General remains at Puebla to try the effect of the parley between Mr. Tristand the Mexican authorities, and that if this should produce no results he will then at once bring the whole affair toa conclusion by marching on the capital. But why, under such ciroumstances, should be ever have ad- vanced so far? Why not have parleyed from Vera Cruz instead of La Puebla? If the matter was to be set- tld by argument or bargain, the march and battles be- tweon La Puebla and Vera Cruz were useless and nuga- tory; if by intimidation and menace, the continued advance to the metropolis was absolutely necessary, and nothing could be more destructive to the prestige of invincibility than such a halt as has occurred. ‘When Napoleon demanded the keys of o capital, it was at the gates, not hulf way on his route, If the march upon Mexico would summarily settle the negotintions which two months of bribery and bullying have not even put in train, why is not such an obvious and decisive expedient at onoe adopted? After the bombardment of Vora Crux, t would be idle to conceive that any respect for Mexican feelings can be operative with the invaders There are but two very probable conclusions—either that General Scott is perfectly aware that he would gain nothing by entering Mexico, or that he knows very well he is not strong enough to get there. We rather prefer the latter supposition, which the few incidents detailed in our present advices appear to us to confirm. It is true that the Mexicans are reported (though not with entire concurrence of authorities) to hve suffered one or two additional defuats, But this very ordinary re- eult of thelr enterprise 1s by no means of auch signifi- canoe as the fact that they should have again exposed themselves to the chance. * : ri * . * * Meantime, however, even Mexican intrepidity must be growing, and even American effrontery be sinking, under the influence of these reviprocal refations. The dullest of Santa Anna's constituents will at longth conclude that an invader who halts half way cannot beinvincible. and the most audacious gunner of Twiggs’s battery will bezin to share the hesitation and suspicions of his com- mander. If, as is said, the immediate advance of Scott after Cerro Gordo was a coup de main too hazardous even under such tempting ciroumstences, and t! the General, as we are not prepared to deny, sa; clously shrank from a step which his country- men chalked out for bim, it is clear that the delay of every hour adds to the impracticability of the final enterprise. Unless very large reinforcements are despatehed, or come unforeseen element should enter into the calculation. things must grudually get worse and worse for the Americans. After # time it is possi- “ble that Mexican detachments may cvare to be “ de- feated with a loss of 250 men. After a hundred fights, they. as well as their betters, may become heroes Tlngcola may again perbaps turn out some sturdy tribe ot watriors, At all events, the strength of the natives must tend to increase, for by delay they have every- thing to gain and nothing to lose ; while the Americans, entangled in ruggrd defiles, isolated in a hostile country. surrounded by an irritable population, worn and weak- ened by repeated conflicts, und decimated in their depots the dreadful vomitv of the coast. must eink both in strength and spirits by every week's protraction of the struggle. There considerations will readily, and an We suspect, accurately expinin the extreme anxiety disp'ayed by the conquerors to secure wace, ‘Their victories have had no results. They can neither pro- coved with any probable advantage, nor retreat with eny decent credit; and their paradoxical offer to pur- chase terius from @ prostrate foe may bo a measure of the greatest prudence and the highest exigency, —though, if bullying bad oorne its expected fruits wo may safely conclude that bribery would never have been called into play. The next mail will probably, inform us how far this question, of such imdnitely gr ater importance to the Americans than to the \.exicans, may bave been found to admit of arbitration. it is possible that the latter people may consummate a dixcreditanle campaign by a foolish compromise, and be overreached juto a sacrifice of the best chance they have yet enjoyed It is true that the very eagerness of their enemy should tell its own tale, aud that the easy and attractive character of the devo- tion required from themselves should recommend it to their fuvorable notice ‘Their duty to their country de- mands nothiag but sulkiness aud bluster. They are not even comprlied to say “ No”—they have only ‘to «void saying “Yes” If they will but decree themselves patri- ots and declare theivseives unconquerable, they need neither arm nor fight, but may sit valorously at home till empved by the plunder of w s-If disoomfted foe But ic te doubiful whether the professions of Scott aud the payments of Crist may got do their work ~ whether the combined tender of affection and specie may not over- come, in the rulers at least, the sullen antipathy which has hitherto performed some of the parts of patriotism. and release the Americans from their disagreeable di- tomma. A lurking wish to the contrary it is difficult to void, for though the Mexiouns have isit upon the only fashion of tiagan unprovoked ynvasion whica could fail im arousing some sort of ucopean sympathy. yet the disgust excited by ® tyrannical and shamoters ag- gression upon the rights of nations reflect upon the sufferers certain tavor which secures them the good wishes of others in spite of themseives. Lonpon Movey Manner, Wednesday, 2 o'clock, Aug. 18 —Considerayie interr6t is still feit in the stute of af- fairson the Corn Exchange; and the continued fall in prives at sume of the provincial markets, together with the large foreign euppiies, bold the dealers in check, snd Deutralize (he effect which might otherwise be produced by the tlootupting weather tp to the present time we have pot beard cf the slightes) damage arising frum the moisture (hat has Jallep, although there ‘been @ par- Ualsetardation of harvest labour in consequen The negotiation of foreign bills of exchange continues to afford # less approximate index than usual to the ac- tual balance of trade batween England and other coun- tries, and the diffitulties of procuring first claag bills in all instances, especially in such mixing trade operations as those connected with the Continent, enhanoes the rate of the best paper, or has the effect of making spe- vie remittances more desiral Until failures become more rare, we must expect this to continue. The rates of exchange were considered ‘low yestorday afternoon Varls and Hamburgh, but her on Trieste and Frankfort. On Madrid, the quotations for three months’ bills were 4734 ‘4; on Hamburgh 13 1234 to 1334, on Pa- rig, 96 70 to 7734; on Trieste, 10 6 w 8; and on Ant- 26 85. The market for Publio Securities has been in an inac- tive state this morning, Consols haviog been near sta- tionary at 66% to7. They have, however, become tle better wituin the lust hour, and are now quoted at 87}4; for money the range has been from 66% to 87; Reduced Three per Conds have beeu done at 8736 vo 34. and the Three-and-e-quarter per Conta have marked 89% to 9; Exohequer Bills for £1000 have been dons 1 pm, to’ 2 dis,; Uhose for £000 at 1 to 6 pm., and the small bills 3 to7 pm. ‘There has been rather more busivess doing in Foret Sesuritivs, but the prices have not improved, The wales hare been chieily confined to the iminor descrip. ly wbauden the metropolis |= of stocks, Mexican Bonds 18/6, Russian 1005, Venesuela 3, nd-a-Half per Cente _ , anaaabe Four pes Gipus Cortifaates, 09% So Si o business of the Railway Share Market has not materially from that of previous days. Quarter before Three.—Consols Foreign T It is stated that Mr. Macready has # play in his pos- sossion by Sir E. L. Bulwer, which he intends to bri out a ho Laneageer oe in _ nog andin whiok Miss Cushmen wiil sust @ principal part, as well as Macready himself. ‘The sum cleared by the two dramatic ances at Manchester and Liverpool. for the benefit of Leigh Hunt and Mr. Poole, the dramatist, after the deduction of all expenses, amounts to £600, Mr. Holdridge, the manager of the Chichester theatre. recently had to seek the protection of the police from the African Roscius. Perrot left London on the 20th ultimo for perintend the rehearsals of a new ballet, in whicl Cerito und 8t Leon, her husband, are to appear. The young English dancer, Miss James, is also said to be en- gaged at the grand opera. M, Jullien, the new lessee of Drury Lane Theatre, has gone to Italy, to secure all the available first-rate talent preparatory to the Faery, ry the theatre under his direction. We understand that poor old Drury is hence- forth to be called the Theatre, Drury Lane, or Royal Academy of Music aud Drama.” At the sale of tickets for Mile. Lind’s concert on the 15th of September, upwards of £1,800 was drawn. It is to su- Mie, currently reported amowg the musical profession, that Jeuny Lad will be induced to give second concert in Glurgow. Mr, Lester, the comedian, late of the Haymarket thea- tre, took sail for New York, where he has been engaged to play at the new theatre in Broadway. This gentle- man is a son of Mr, James Wallack, Lester being his as- sumed nom de theatre. M. Costa has been reappointed director of the Philhar- monic concerts for 1848. Mile, Fanny Elssler has reappeared at Padua, after her recent triumphs in London, She was enthusiastically greeted, ‘The autumnal searon at the Grand ‘Theatre La Scoala, commenced on the 10th of last month. It opened with Donizetti’s ‘Don Sebastian,” in which the celebrated tenor Musich, and basso Derivis, sing. Mr. Wilson, the vocalist, was at Manchester at the last accounts. Mr. G. A. Mactarran and lady are on their way to New York. The new Theatre Historique, at Paris, is a failure, 80 far as the hearer's comfort is concerned, owing to the use in improper situations of plaster or composition— always deadening to the sound—in place of wood. Mrs. Egerton, actress of the Theatre Royal, who for so many years held @ distinguished position among the tragic performers tbat once adorned the national thea- tre, expired recently at her residence in Chelsea. Recently, during the performance of Hamlet, at the Theatre Royal, Greenock, a young man, who had taken the part of Laertes, at a short notice. got on pretty cor- rectly till hy came to the words, “I havea speech of fre,” and ‘here he stuck dead. After waiting a few seconds, Mr. D., who was playing the King, replied, Oh! you ave u speech of fire, have you? Well, blaze away, by all means,” This sceno, which the ecene-shifters put a period to, delighted the audience amazingly. An interesting anecdote is told of Mrs. Butler on her passege from Jersey to Guernsey. it appears that the Tair actress was Men 4 il on board the steamer, aud ocon- sequently not much in the humor to be disturbed or spoken to. The stewardess was, however, obliged to ask for the fare, when the application was answered by Mra B, ejaculating, with atruly theatrical tone and attitude, * Woman, when you see ® poor creature suffering as | am now, you should uot ask for money ”” Mr.and Mra Keeley are now playing at the Surrey Theatro, for a few nights,where they have been revived with the warm en'Dusiuem. Jenvy Lind was to leave London on the 23d August, to fulfil her immediate engagements at Manchester, Liver- pool, Dublin and Edinburgh. , Mr. Kirchner, the present manager of Surrey Theatre, succeeds, notwithstanding the present depression of theatricals, in filling the house every. night. Mrs. Warner has taken the Marylebone Theatre. Miscellaneous. It is stated, on good authority, that one of the London houses which failed last week, made eizhty thousand pounds at the commencement of the season, by their successful dealings in Indian corn, All this has been Jost, and their capital besides, by an unfortunate calcu- Jation of the fluctuations of the market and the state of tne weather. It {s stated on good authority that the crops of corn from the north to the south of Germany are most abun- dant, and the harvest in many places is already com- pleted. ‘The elections to Parliament are concluded; and in England, Ireland and Scotland, they have resulted In a decided majority in support of the liberal poiley, both in government and commerce. The Great Britain at the last advices remained on shore on the Irish coast. The attemptsto get her afloat during the spring tides were unsuccessful. Another at- tempt will be made this season, after some further re- pairing and patohing, aud getting additional propping gear. In Greece, the Minister has, with the aidof the French government, at length made # payment on account of the overdue interest on the,loan guaranteed by Eng- land. Nothing is settled as yet with the Turkish go- vernment. The America, emigrant ship, Charles Habbinch, of 670 tons, bound from Rotterdam to New York, with 262 pas- Peugers, was purposely run ashore pear Calais ou the Sth inst., in consequence of her leaky state, ead the passen- gers were safely landed. The Paris Commerce says—A commercial courier sent from Archangel on July 28, by Messrs Brandt and Co., has announced to their house at St. Petersburgh that a violent conflagration bad bnrat out that day, in the fou- bourg of that place, and had destroyed upward of 400 houser. Only one establishment belonging to the go vernment had suffered. The fire was still ‘raging when the courier lett, but with leas intensity, the inhabitants having succeeded in making themselves in some mea- sure masters ofsit.”” In France the harvests aro every where abundant, and prices of breadstuffs have declined in all parts of the country except Paris, The Duke d’Aumale is formal appointed governor general of Algeria, whither he {s about to sail. It was the King’s wish to eppoint him vioeroy, but the pear is not yet ripe ‘The Prince de Joinville is obliged to retire from active service in the pavy, in consequence of ill health ‘The Frenoh fands, and other public securities, have euflered material from the announcement of the udvaaced rates of d count by the Bank of England. Mr. Klein, who was sent to Bogota to treat with the government of New Grenada for the establishment of a railway across the Isthmus of Panama, has returned to France, He has completely succeeded in his mission, having obtained inost advantageous conditions for the company he re- presented. ‘The works wili shortly be commenced. It is stated from Hanover, that the government of that kingdom has converted the provisional commercial con- ventions. which it concluded some months ago with the United States of America, into a treaty of commerce und navigation for twelve year ‘Tue Queen's Visrr_ to ScoTLaNy —Her Majesty and Royal Consort, with the Prince of Wales and Princess Royal, and suite, lett Osborne Creek, Isle of Wight, on the 11th inst., for their tour through Scctland, which is expected to eccupy about five weeks. The Royal squadron consisted of the Victoria and Albert, Black Eagle, Undine, Garland, Fairy, and Scourge. ‘he equa iron anchored at night in the Yarmouth- roads, and soon after daybreak on Thursday morning got under weigh, the Scourge taking the lead through the Needles passage; the Fairy, Undine, Black Eagle and Garland fullowing the Victoria and Albert. Before the squadron, however, had proceeded five or six miles, a fog oume on; and it was deemed prudent to run into Allum Bay, near Freshwater, just under,the Neadies rocks to the eastward. In the course of an hour or so the weather somewhat cleared up, and the royal yacht was aga! under weigh. By nine o'clock it had well cleared tue rocks, and was steaming away at full speed to the west- ward ‘There was & smart breeze blowing up the channel from the southwest, but comparatively little sea, 8 nage wna passed soon after ten o'clock; Weymouth about noon. The peoply on shore were diligent in hoisting colours at every prominent place; but, asthe squadron did not keep very cioks to laud, aad the air continued to be thick, the loyal people had very slight ylimpye of the steamers. At half past three o’clock on Thursday after ‘noon the royal squadron ran into Dartmouth Bay, und anchored there for the night, having accomplished little ess than a hundeod miles of the voyage ee ee eee Her Majesty and Prince Albert here paid and reovived sundry visits Ono of the visitors writes— Her Majest; was attired in # chip straw bonnet, with a blue vel thrown back, shawl &c, (a description of dress which many of our Bangor belles would be ashamed of on state days.) and looked pale Prince Albert sported a a drab Jim Crow bat brown coat, and grey continuations, and was looking remarkably well, getting into flesh evidently withia the la t two or three years. The Prince of Wal 8 wore a gisged hat, biue jacket, white trousers —a miniature British tar. The Priucess Royal appeared in astiaw bonaet, tunic, and salinon-colored dress, and with her royal orother looked the very picture of health and contentment.” The Fairy then joined the other steamers, passing Beaumaris to the Crees Roads, where they ali again anchored for the night. ‘On Mouday morniug at four o'clock, the royal squadron stood on its courre for the Isle of Vian (the expectation being her Majesty would land there) under mort tavor- able weather auspics, Royal salutes were flsed from the batteries at Craig y Don, Port Peurbyn, and seaumaris The steamers merchantmen, and yachte disp! their foroe of flags, and the American vessels joined heartily in the general demonstration of respect and welcome. f ‘A6 the Fairy approachod the Us ship Josiah Quincy, Capt. Grazier, the bark John Parker, Capt, Camming, and the bark Juniatta, Capt. Childs, the British flag was displayed forward, the American flag at the peak; and asthe royal yacht glided past, the Atherican fi was hauled down, and the British fleg run up, whic! marks of courtesy were acknowledged by the exhibition of the flag of America on tho quarter deck of the Fairy, her Majesty sta ding by, As trince Albert rowed off fn hin barge, he met by Capt. Childs, of the Juniatta, in. his gig; the crew of which gave three cheers; where- upon the,trinoe stood up, uncovered, and bowed his uo- knowledgments. * * * . * . . On Monday evening, the royal squadron anchored in Scottish waters, and passed the nigtt in Loch Ryan From thence the royal squadron will proceed on 1 ues day morning to the Clyde, where an assemblage of up- wards of fifty stewwers, many of the largest class, im the river, wilt waloor the arrival of her Majesty; and the sight of thie grewt fleet alone will be one that has rarely probably never. been equalled. They wili proowed aows the Firth to meet the royul squadron, and afterwards accompany it during the day The New Planet Iris, To tne Eprron ov tHe Lonpon Tiss, Hin :—'The notioe of our planetary discovery, publish- ed In your journal of Sat y lant, wae writtep so bur St aes and in some: oes Cc tical ol down to the tenth magnitude have been formed for some of the hours of right asceusion, which it is Mr Bishop's inteation to publish as soon as they are completed. On the 13th of August I compared Wolfer’s map with the heavens, and was surprised to find an unmarked star ef 89 magnitude in a position which was examined on June 22 and July 31, without any noie being made, The mere existence of a star in a position where before there was none visible would not have been sufficient to satis- fy me as to fts nature, because during an eight months svaroh | have mot with’ very many variable stars, a cls which | believe to be far more numerous than is gene- rally supposed. But on employing the wire micrometer Were enabled in less than half un hour to establish its motion, and thus to convince ourselves that I had been fortunate ener to discover a new member of the [t may appear to many of your read- to snuounce the existence of a new planet from the detection of so smail an amount of mo- tion as 28, 5in R. A.; but such is firm meeniing yol- fi. ay ye Othe Berlin = of the large refractory telescope and the perfection micrometers (for which we have to thank Mr. D lond), thet a far smaller change would have been éufll- clent to convince us as to the nature of the object in q 3 Mr. Bishop has fixed upon Iris as an appropriate name for the new planet, and we hope that astronomers gene- rally will oe with us in its adoption. The lowing are all the observations we have yet Sour Dect. J. R. 5 Mr, Bishop’s Observatory, Regent's park, Aug. 17. Foreign Markets. Liveuroo., August 18, 1847, With little exception, the weather bas , Since our last ciroular, very favorable for the prosecution of harvest, and the accounts ofits probable yield. in wheat, and grain generally, are very good. We think it may now be considered as almost ond doubt that the re- salt in these descriptions will satisfactory. Of the late crop of potatoes we cannot speak with the same con- fidence, the reports of disease therein becoming very nu- Prices in the corn market continue to decline, and the losses incurred have been to so serious an extent as to involve in ruin several of the eldest and most re- spectable houses in the trade in London and on the con- tinent. At the moment of the departure of the last American mail, consideracly increased stringency wes manifested im the money market; and on the Sth inst., the Bank of England having raised thefr minimum rate of discount to 6% per cent, imparted much udditional gloom to com- mercial prospects, Although there 1s not the same diff. culty in obtaining accommodation that there was when the pressure tc ok place in May last, the established price for money at the banks and discount offices is quite as bigh as it was then. It mé beyond doubt that the trade of this country will time to struggie against monetary restrictions of no or- dinary character. As respects cotton, we have little of interest to com- municate. The state of the money market has tended to keep that for cotton very quiet, and at the clove of business on the 6th inst , the turn of prices was rather iu favor of buyers, although we could scarcely alter our quotations, Last week prices were well supported, and the market closed with firmnces. The advices since re- ceived by the Boston mail of the 1st inst. reepecting the new crop, have imparted additional steadiness to prices; holders generally show no anxiety to make sales, aud tho state of the money market alone prevents extensive 0} rations on speculation.*‘T'he sales since Friday last have been as follows: On Saturday, 6,000 bales, 1,200 on speo., 300 for export. Monday, 4,500 “* | «5900 & Yesterday.26u0 « To-day, 4500“ = & BNO ‘The same cause adverted to as above as affecting the cotton market, viz., the increased value of money, hus ipjuriously influenced the business of Manchester, where prices have slightly declined, and there seems every pro- bability ofa further curtailment of production. ' ‘I'he prospects of the trade in that district are, all things con- sidered, very unsatisfactory. Saues, etc., or Corton. 500 Total Stock ‘same Stck, Total date, wAm.' ‘Steck. 1816 5,356 392,804 766,375 Week ending. Imp. Imp. Sls. Spec. Exp. Ae Am. Aug. 6.29,970 5,9u0 1,870 7,285 9.059 308, 13. 22,530 1,000 3,699 17,197 22,179 307,683 396,03 778,643 Current Prices or Amenican Cotton THis Date. Boweds, Mobiles, Orleans, 6 6 oe 7 8 8 eS 6, § 8 9 VANCE, Cotton Brokers. Liverroot, August 18, Evening.—The sales of cotton on the last four days amount to 16,500 bales, inchuding 3000 on speculation and for export. The corn market has, after a short interval of improvement on the 5th and 6th, been declining since our last, and yesterday Ww. flour sold at 268 a 263 6d per barrel; wheat 4d to 6d per bushel lower t] on the 3d. Indian corn 20s a 298 per quarter as in quality, and Indian meul 18s per barrel. The weather generally has been fine, and the rain which has occamonaliy fullen, may probably do more good to other crops than injury tu the grain har- vest. Liverroot, August 18.—Quotations for fair cotton—- Bewed 7344; Mobile 74d; Orleans 74d. Sales to-day about 4000 bales, market closing steadily. We have to continue most unfavorable accounts of our cora markets. ‘The severe pressu ein the money market, accompanied by heavy tailures of parties in the grain trade, and tho continued favorable prospect of an abundant harvest, added to very large imports, have caused an accumula. tion of circumstances 80 unfavorable to holders, that the great and sudden decline noted in our last bas been fl- lowed by otill further depression in almost every de- scription of breadetuffs. ‘Lhe srcicies chiefly affected are wheat and flvur; former being 6d a 1s 6d per 70ibs. lower, and latter 1s 6d to 2s per bbl. The demand for Indian corn for feeding purposes, hus been aud continues very large—in fact a very considerable portion of that now striving from N. O, andin some cases from the Northern porta, is not fit for any ov her use; really sound Sweet corn 303. Indian meal hus slighty improved, but the demand is very slack, 14s 64 per Provisions without much alteration; imports of beef fallen off, bat sales are limited and prices steady. New mess pork in tair demand, but all other qualities exceeuingly dull and prices given way about 6s per bbl. Bacou ralied somewhat; atthe reduction last quoted purchases were extensive, and stock is now mucn lower. Prime com- mauds 403, Hams excessively dull Shouluers in salt xelling at 30s, while better qualities which are worth 34s to 364, are not iu demand. Cheese of fine quality want. ed; the la e importatious have been mixed, and salys are ovutequently siow. Lard in fair request, without ma- terial change. Tallow dull, and lower prices taken. Hemp also dull; about 500 bales sold at auction at £25 108, Quercicron bark bought freely for export, recovered the recent decline. imports told readily at an improvement of 10s per ton. Breads almost unsaleable. Tequest; in bbls no demand. Lonvon Marxers, Aug. 18,—[Circular of Messrs Bar- ing, Brothers & Co,]—Since our last advices, 3d Last., the Bank of England has fixed the minimum rate of dis- count at 544 per cent, The numerous failures in the Corn Exchange have caused some disturbance in money matters ; a large amount of paper drawn on corn houser has been protested for non-payment; so far, however, all be-. | Java at 2634 to 26% ots. nd has Linseed cake ot recent Soda biscuit in boxes in fair not mete. except at 19 @ 1s 6d below quote . Tea—Holders firm; only chang? prices is of about 34, per pound on fine green. owing to recent rather large arrivals of that ‘iption, Whalebone—Very done ; smal} ssles of N. W at £135 @ £140, and a parcel of Southern offered, but all taken in at £150 per ton. In American stocks no new feature ; Penn 6's, 69; Obio6's, 90; Muss. Sg. par; New York 5's, 90; South Carolina 6’, 89; Indi- ana 6's, 97; Minois 6's, 37; little doing. Havar, August 14 —Cottons—The advices of the 24th ult. from the Vaited States, reseived by the Union st~a- mer, on Saturday last, were productive of a favorable feeling in our market, which assumed a very animated aspect, and at the opening of the present week there was a very spirived demand manifested, which led to an ad- vance of about f.1 on some American descriptions. But the gloomy character of the accounts which subsequent- ly reached us from Hasiind, where the monvy market bad become much eased from several important stop) had judicial effect on business here, and the intelligence from our internal districts being of Gull nature, the buying has, since Monday, been on a restricted scale Dealers from the trade seem reluctant to operate beyond the mere requisites for consumption, but the interior having for long lapse of time pur- chased sparingly, the stock of raw material will evident- ly soon stand ia need of replenishing, and§s revival in the demand may therefore be anticipated. There is also a feeling of confidence in the future, founded on the present moderate stock of cotton here, and the few ship- ments announced from the ports ef the Union, which gives @ firm tone to our market, and tends to strengthen the opinion as to farther has piya-norni But as this will obiefly be subordinate to the accounts relative to the coming crop. and the extent of shipments from the other side of the Atlantic, the news frem thence daily expect- ed by the Britannia steamer ‘of the Slat ult, is likel to be uctive of some change in the situation of things here. ‘Saves at Haves, Aug. 16 order barrel, in order, New Orleans, 33; Philadelphia, 133; New £36; demand and brisk sales, Genesee, £37. Wheat, Rectolitre, Odesss, 160 50; Rigs, 154’ No sales of ‘American this day, Whalsbone, Northwest Coast, per 60 killogrammes, £214 #215. Cottons, 1076 bales sold this New Orleans, £100 x 108; Mobile, £10u a 105; xt will be according to Ameri: ‘ticle is dull and ina depressed state. above prices still demand. ed, but purchasers may buy at something lus. ‘Note—60 kilogrammes equal to 11034 pounds; 1 heoto- litre do.,2 bushels American, Hansuncs, Aug. 16—Coffee 1 in good demand, and since our last communication sales to a good extent have taken place. The sules are about 16.000 bage Brasil at 2s to 414 according to quality; 4000 bags of St, Domin- Go at 3% to 34; 200 bags Maracaibo ut 38 The cot- ton market is firm, and prices are rather higher than those last quoted We note sales of 1800 bales New Or- leans afloat. middling to good middling at 7 6-168 to-734; on the spot 165 bales Georgia sold ut 73 to 78. and 120 bales New Orleans 7348 to 77-16, ‘The sugar market is firm, and in some ing: ances rather higher prices are paid; 5100 boxes Havannuh found buyers at 20%m to 21% per 100 Ibs, brown and yellow 164m to 10, busides 350 cheats Bahia at 1634m to 1834, 320 chests brown Bahia have also found buyers at 154 per 100 Ibs. Rice Is in limited re- quest, but tue market { vory firm. We quote Carolina at 153¢m to 1734, Patna 16}¢m to 16, Java 133¢m to 14 per 100 Ibs, ‘The better sort ot hides attract attention; 15,100 Buenos Ayres havo been done at 438 to 64; 900 Mazatlan at 2s to 4, 800 Batavia 6s to 64, and 750 Val- paraiso at 443. The salea of tobacco reported comprise 400 packages Brazil, at 2% to 444, 100 prckages Porto Tivo at 2348, 100 serons St. Domingo at 4%s. Antwenr, Aug 16.—The demand for coffee has been steady, and sales from our last report to the present are to a fair extent; among those reported wo note 3800 bags of Brazil at 2044 to 23 cts. Both St. Domingo and Java are lees inquired for; the business done in tue former comprises 4300 bags at 23% cta, and 900 bags Large arrivals of sugar from the Havannah have been going forward—the market is steady. We report the following sales:—750 boxes white Havana, part of which obtained 19%fl. and 3100 boxes Jillow at 16% to 12%. The cotton tra 00d ‘ork, usiness bas been transacted, owing chiefly stook, consisting in all of about 6500 bags, against 19,800 Extensive transactions at the same period in 1846. have taken place in rice, viz: 1000 tlerces Carolina, from 14% to 16; 700 bags Piedmontese, 18 to 13340; 60 tons African, 4g to 12468; and 300 bags Bengal, at 10%4.— ‘Tobacco continues in fair demaud; 40 hhds Maryland have been sold at 18} to 21 ots, and 50 bhds Virginia at 13% ote. The market for hides is quiet; 1650 Rio Grande sold at about 25 otg. Sales also cf 9300 dry River Plate have been made at 2636 to 39 ots, and $00 Rio Janoiro at about previous rates, Ametenvam, August 14.—The buslnees done in cot- limited, but the market remains firm. The mall, not exceeding 2.000 bales of all kinds aboat 260 bales have been sold, 50 of which were Suri- nam, at 40c to 60 per kilo. Rice isin limited demand ; Carolina is worth 161 to 17, Java 13fl to 14 per 100 Ib. South Sea whale oil is firm and in request; other sorts arestatlonary. Cochineal remains firm. Prices of to- bacco supported ; of Maryland about 90 hhds, sold from 21 to 27 per half kilo. stook amounts 3.600 bhds. M Keutucky, and about 7,000 bales ot Java. Sales of rosin have been made at 1% to 2. South American hides re- main firm, the whole stock amounting to about 16000 pleces, which will be put up for public sale on the 9th of September. - Of East India sorts, those of light weight meet with buyers. We quote salted Montevideo at 18¢ to 20, dry Montevideo at 28¢ to 45. ‘The sugar market in stendy; 300 boxes yellow Havana have been sold at 344 f. Tere is a better feeling prevailing forthe urticle, Rorrenpam. Aug. 14—Good ordinary qualities of Java Coffe are 2ic a 18. Mush anxiety is manifested for the Netherland Commercial Company's tea' sale, appointed for the 26th inst, which will comprise 16 000 chests Java. During the Jast eight days little tobacoo hus been sold; prices unchangyd, and ail desoriptioos yemain motionless Inthe raw and refined sugar mar- ket nothing of moment has transpired. A trifling busi- ness continues to be carried on in ordinary Java rice at 13f, clean do. at 14f to 14}¢f, clean table 15f to 154¢f. clean Aracan 13f, and Carolina 17f to 18f. according to quall:y, Spices—Nutmegs are quoted at 2500, Nos.2 and 3 at 200, mace D at 210c. cloves at 65c, brown pepper at 150 to 10>¢c, pimento at 29f to 30f, cinnamon at 400 to 410, to purchase. Zante currants fetch 14f to 23f, according to quality. Smyrna raisins 12f to 124f, and Muscatel do. at 18f Domingo und Campeachy logwood fetched 3446 Spanish 6f, Savapilla fustic 37% to 4f,and Cuba o%@f, in bond. New York 1847 prime ashes at 16%¢f, ia bond, Tuscan 18f, American peurl ash 19f Metuls—For Banca tin nothing to say. English lead 11%f, and Spanich 113¢f,in bond. 12,000 to 18,00 casks South Sea oil remain in bond, tor which they ask 29f, The Corn Trade of Europe. (From the mark Lane Express, Aug 16] With the exception of one or two showery days in the early part of the week, by which harvest operiions were temporarily interrupted, the woather bas been ¢x- ceedingly favorable fer cutting and currying in the southern parts of the kingdom, as well as for bringitg the crops to muturity in more backward localities — More auspicious weather than that experiene:d during this and the latter part of last month, could +oaroely have been desired ; and there can be no dount that tue result of the harvest will be much better than at one time appeared probable, The improvement which has iaken place in our prospects wih regard to the future supply of food is greater than the most sauguine could have reckoned on ; indeed, in the early part of the auu- mer there was reason to calculate on @ de@icient pro- dace; which, together with the fear entertained that the potato crop might again prove a feiure, and the kuowledge that stocks of home grown core were shast, induced our merchants and speculators go p retase largely abroad The wondertul alteration which two months of highly auspicious weather has have in a great measure removed alarm on the all-imeapeant «ub- jeot whether Great Britain will produce asuffleeat quan- uty of food to avert ecareity ; hence the rapid fall in prices of grain, and the consequent ruin of many import. 3 ing houses, The tear of famine being removed the pub- have been paid,for the honor of the drawers or endorser- LJ ‘a pul and we doubt if any considerable amount wil be return: | Monee question the necessity of making sny provi ed by this packet dishonored. Cochineal heavy at 68 24 | <ufterers by the fall in prices are blamed for thelr want a 68 6d for black Hond; 68 # 58 6d for Mexican; 58 a os 10d for silver Hond, and 48 6d and 4410d for Moxtoan Coffee—Rather better demand existed for foreign, al though prices arefully 6d per owt lower: saler 400 bags Conta Rica at 334 6d & 62¥ 6d; 1000 St Dom 304 6d u v3y 6d; 760 Brazil 30s & 318; 200 Padang 258 6d to 27s bu: * fine ord Laguayra at 343 6d; 160 bays Java 365; and 80 bbls PR 34 w 94s 6d per cwt, Covoa very flat, and seve- ral parcels Grenada and Triniaad offered by suction withdrawn, without any reasonable offers. Cotton gell« currently to a fuir extent; prices barely sustained; tbe cousumption seems not to have increased of late, 80 that with some increase in the imports from India, a oi the U Sof two million bales may prove sufficient; a promise of anything beyond that quantiry would pro- duce a fall in prices on this side Cora—The uumerous failures in the corn trade bave. together with more 6x tensive arrivals from the Baitic and Black Sea tha were anticipated a month »go, thrown the market into such confusion, that the quotations below can only be considered nominal, and with good weather for ten vays longer, a farther decline on these nominal rates would seem inevitable, Much of the American flour proves on landing, to have become tour.and the wheat, m many o is heatet. The potatoe disease is not Ko exten- sive as at one time it was feared it would bv U 8 red wheat 50 a 628 per imp qr; white 62 a 58s; flour 26s 6d 6 27a pec bbl, superfing, best brands; 22 4 24s interior and -our; Indisn corn 32 0.358 per 480 |bs; barley 308 per imp qr; Oats 20 @ 21s; rye 304328. Drugs—Camphor aud dptum without any inaterial coange; arrivals of former large. Hemp—For Kuesian lesa demand and previour prices almost nominal, arrivals of new hemp being short- ly expected; of Maniila litt] here, which ia b: wr tov. Indigo in very modvrate demand, without al- ‘ation In prices since the public sales lron—A far yasiness doing in bars at £9 10a in London, and at £6 108 in Wales; Scotch pig firm at 70 a 728 per jon, deli verable at Glasgow; Swedish «ff-riag at £11 per ton.-- Linseed oakes tirm, being in goud demand; @ parerl of (hin round Boston sold at £9 10a per ton, and thin ob- long in bbls at £10 108, Oile—Sperm inactive, and prices uominally 86 » £67 per tun; Southern. several parcela in public nale disposed of at £26 10s for Engliah first quali ty, to £24 for dark oil; Linseed very firm at 274 6u 288 per ewt. Rico extremely dull; yesterday 2600 bags Bengal, and 2000 bags Madras brought forwa:d: only @ small portion of former found buys at 165 per hundred weight for middling white; latter wil bought in at 128 6d 9 13s, the offers being 18 a Is 6 be low these prices. Sultpetre dull; 500 bags ia public eals 10th install bought in above their value, 344 por oent ret at 908 & 308 64; we quote 6 Lo 2 per cent ref. 296 6d @ 30+ 6d; 16 to 7 per cent, 388 6d a 293, Silk market very quiet and prices tend dowawar Spelver in lmited de- imand; holders ready sellers at £20 per ton. Spices— Pimento in good demand at a further advance of 4 per \b; gloger difficult of sale, except for fine; cimnamor quiet; cloves in less demand, Zangibar still brings 7 @ 9d Sugar—The continental demand for sugar is good, b the limits prevent any considerable business. a8 ho “ra gencrally are firm; sales 3600 boxes white I 298 9d a 81s bd; 6000 brown aud yeilow 218 & 25 vond; 10,000 bags Pernad, 982 4 46a, duty part; wod B40 ubds Porto Ricodls a 498 44; public eales Maucitiue und fo. 1 large, and priows are 6d u lx per owt lowor, rx0e: | for butter qualities of whive Bengal, whioh slightly ad- vanced owing (o the Amail quantity at market Turp m ine—8s Od per owt puld for w sigail parce! rough; spirits improving; salesof American at 4036 41s with casks in- coded; holders now ask 468, Tobacco firm. ‘I'silow— Arrivals of new Raving Loe ggg inert extremely flat; P, ¥, C, quoted 48s 0 478 64 per owt; q Oderss sold af 476, but ve aales o1 foresight. It may, however. be remarked that the belief in the possibility, not to say probability, of a large {mportavion of foreign grain being required was aot confined to corn merchants; the matter wa, dis- cussed in the House of Commone, and « mewbex of the government admitted, in bis place in Parilamént, more than two months ago, that from the informa- tion he had received, he feared that the potato srop was diseased, We do not mean to say that im- porters were actuated by avy other motives than their wa profit, but that their operations would have been for the benefit of the nation at large if the weather had oroved less favorable is self-evident ; and we confess that we are unable to sce either reason or justice in the 1e- marks made by # portion of the daily press on the ulties 10 which several of the most’ respectable hons's uave been involved. The wheat trade bas rewained in sn taactive state throughout the week; but, on the vholy, somewhat firmer feeliag has prevailed, many ‘actors being of opinion that the downward movement cannot coniiaue much longer. Our reason for this im- vression 18 the incressingly unfavorable reports respect- ing the late crop of potatoes That the diseave his guia attacked this root is certain; but as a much sualier breadth of land than’usual has been planted this vwugon, a partial fellure, may not prove of any great im- vortan In the early part of the week, when the veather appeared rather throatening, a trifling rally ook pice at some of the leading provincial markets, but his was not maintained to the close At Liverpool, on Cuesday, wheat was quoted 24, to 3d per 701%, and \merican flour 1s 6d per bbl higher than ou that day @unight. Subsequently the detund for both articles ‘sckened, and on Friday wheat was offered 34. to 4d, per 701bs., aod flour 28. per bbl. lower thaa the preceding oarket day The ‘advices from Hull and Leeds of Tussday’s date nform us of a slight rise in the value of wheat, but later evounte state that business had ag «in become duil ‘At Bristol, Birmingham, and other towns in that seighborhood, cunsideravle difficulty appears to have een experienced in effecting sales of wacat ; and the ‘cadeney of prices had, we are informed, bven down- ards ‘At the principal markets in the agricultural d striote juite sufleient wheat bas been brougut forward to ea- afy the demand ; and though no material decline has »eourred, the turn has in most cases been in favor of the uyer ‘Gur letters from Sootland and Ireland apeak positively of the reappearance of the potato disease ; but owing to he generally promising aspect of the grain crops, aud che continued decline in prices in the Euglish markets, love importance appears Lo bw attaoned to the probable ‘allure of the potato than might otherwise have been the couse We have again to report avery moderate arrival of ‘nglish wheat into London, the quantity reovived eoast- vise during the week ending this (Saturday) night bev- pg amounted to only 1.434 qra Tho show at Mark Lane hy Taad-oursiage samples from the nei.h yorim, oouubies hag been equally small; and cauciods as che wilers have been throvghout the week in coudacting their operati ns, most of what has been brought forward pas veen sold. ya Wednesday the tone of the trade waa decidedly firm; though no one was disposed to buy # busasl wiure t: absolutely ueosasary fOr immuydiate use. previ p foes were well supported Since then hardly # sac. bly Bas been exhibited, und the operations on Fruay were ona still more restricted scale than before, leaving quotations in much the same position as in the begin ning of the week, The arrivals of whout from abroad have amounted to 66,197 qra,; this large quantity, edued land, 1,660 bhds; Virginia, 1.900 hhds. —— ; f}