Phenix gazette. [volume] (Alexandria [D.C.]) 1825-1833, 1825-10-18
LATE FROM EUROPE.
From the Me,c. York american, Oct. IS.

The packet ship Canada, which sail
| ed on the lst September, from Liver
| pool, has brought us London papers to
the evening of the 3oth inclusive. II
will crafty our readers TO ns.that
Bishop Hobart has returned in, this
vessel in restored health.
Bvthe extracts we subjoin il will be
| perceived that Spain is in state OF Gle
rical anarchy. The priests and monks
are the ruling powers, and appear bent
on dethroniEg Ferdiaand-the embroi-
derer Ferdinand-as being too liberal
and substituting the infant Don Carlos
| in his place. A sort of Instruction un-
der Bessieres had also broken out. 1t
remains TO be seen whether the legiti-
mates of Russia AMI France will consl-
der il as dangerous precedent Tor
priests to make revolution, as Tor the
people. .
From Greece the accounts are still
confused, though ii is pretty clear that
Ibrahim Pacha has resumed offensive
operations. We extract from the Cou-
rier letter from our countryman, Al
len, written in the same style OF genu-
inc enthusiasm with that which we
published some days ago, addressed to
the Greek Committee here.
|, The reaction in the money market
| which was felt here some weeks ago,
! and still continues in degree, had APP
parently reached its height in London,
about the period Of The sailing of this
packet Consols had fallen from near
81 TO SO, or about per cent. in as ma
ny weeks, and much embarrassment
was felt in monied transactions In
London, however, as here, that embar-
rasssment bore chiefly on those who,
tempted by the previous abundance OF.
and the facility in, obtaining money y,
had launched into specuations in the
multitude of new associations, without
any real means of their own to meet
difficulties, if they should occur. The
consequence has been the same in both
cities-these new stocks were forced
into the market, and have all fallen.
Other Causes, however have doubt
less contributed to the monied pres
sure, and mainly, the unusually great
export, which we have before noticed,
Of bullion, from England--in conse-
quence of which the Bank of England
had diminished its discounts, and the
private bankers of course had been
compelled TO follow the example,
For news of the market we refer TO
the Commercial record.
There were no transactions in the a.
merican Stocks at the last date
London, tug. 3o-Ci,y, , o'clock
"The panic of yesterday was in some
measure removed in the early.part OF
the morning. Consols for the Account
having declined to 81 So; they have
since, however, rallied to SS l-s IA.
and have 6rmer appearance. Money
still continues as scarce, and no other
cause yet assigned for the depressed
STATE Of the market.
SIN the Foreign market, parties are
principally employed in making up for
tomorrow, it being settling day. All
the Securities remain in the same de-
pressed state. Mexican Scrip is =
discaSht; Colombian Bonds are about
80, and Mexican II.
"The Shares are nearly at nominal
prices Potosis are about 4 pm; Royal
Irish S-8 PM; Irish Provincial Bank
Il pm.
London, .4ug. 3o.-The panic in the
money market appears increasing with
each succeeding day. Conversation
in the city continues to be directed to
the lessening of the issues at the Bank
Of England, followed by country Bank
ers, and all monied men, and to the
conduct Of an eminent capitalist, wise
in his generation who foresaw the
storm, selling all his stock, borrowing
money in every direction for tn. last
two months, till he has collected such
sum as passes all precedent, if report
speak truth, and which he is willing to
lend on adequate security Consols
for the October account opened this
morning SO IA, and in few minutes
were reported at SO ID; they are now
s8 So. 1t is worthy Of remark, that as
often as we have experienced panic,
we never knew one like the present en-
hreiy unconnected with political ru-
mors. d" a~t
: In the Foreign Market the confusion
and alarm surpasses all description.
Brazil Scrip was offered at s. 10 dis;
there were no buyers; then ID; Mexican
Scrip dis. then ID; Colombian
bonds so, now 70 10 to 70 3-4, being
fall of nearly aer cent since Saturday;
Peruvian Scrip 10 dis; Guatemala 4
dis: the others in proportion. In the
stocks of continental Europe there is
little doing, but if the holders were TO
press sales in the present panic, a con-
siderable reduction must be Submitted
to. Not the least attention is paid to