Phenix gazette. [volume] (Alexandria [D.C.]) 1825-1833, 1826-02-08
From IL. M.,u. York .ameriean Feb. q,

From the Meo- York american Feb. 4.
2 o'clock-The Leeds is up. She sailed on
the 9th Dec We have London papers to Sun
day, the 2sth, inclusive. OF political news we
find nothing additional, unless some particu-
lars of the death Of Alexander, may be SO con-
sidered.
The money market was somewhat relieved.
1t will crafty all sound thinkers to know, that
the deliberation of the Ministers, and of the
Directors of the Bank of England, had result
ed, not in suspension as was apprehended by
some, OF specie payments, butin vigorous ef-
fort, which will be successful because it will in
spre confidence, 10 augment the metallic cir
culation. We do not find that any other Lon
don bankers had failed. Several more country
banks had however given way. The Courier
contains daily bulletins thereof
The James Chopper arrived at Liverpool on
the Esd Dec.
London. 2oM Dec;-U. S. Bank Shares 2ol.
los 22l; foreign gold in bars, 81. Us. 3D.;
silver in bars standard, Is 9fd,
Foreign Office, Dec. 24.-The King has been
pleased to appoint the Right Honorable John
Lord Ponsonby, to be Envoy Extraordinary and
Minister Plenipoten,iary TO the United Provin-
ces of the Rio de la Plata; and Alexander
Cockburn, Esq. to be Envoy Extraordinary and
Minister Plenipotentiary to the Republic of
Colombia.
Saturday, City, . O'clock.-The money market
is considerably improved this morning The
accounts from the country are much better
We have heard Of The failure of one country
bank only, (the Deal, Muy & Coz which is not
by any means extensive. Confidence appears
completely restored as far as regards the Lon
don bankers; but the commercial distress is
very great, and many failures are anticipated.
An immense deal Of Money Stock has been
purchased at improved prices. Bank Stock
has advanced to 2l2; Exchequer Bills to ls
cis.; Reduced So 81 per cent 37i; India Bonds
L. dis. Consols reached at one time 81 SIS,
but have since declined to 80 rs 81, where
they at present remain steady.
Stock Exchange, Saturday, 24M.-The City
and Money Market were to-day in state of
comparative tranquility. Consols for Account
opened at 4 3-8, and on account Of an improve
ment Of nearly per cent. in the French Funds
at Paris, the price instantly advanced 10 81
They again declined, and at half past two were
81 5-S, 3-4, afterwards rose to So, at which
price they closed.
The money stocks continued steadily ad"an-
cling; per cent reduced Sol to So4; the Three
md a hal! per cent stocks, SSs to SO SIS; EX-
chequer bills, to dis; India bonds TO Is.
In the Foreign Market the huctuation has
been trivial, Colombian bonds 50 to 60; Mexi-
can six ger cents 629 TO 63@; Greek bonds II
to Is; Russian III to rs; Prussian SO to SO;
Austrian go; Danish So; in the other descrip-
tons Of Foreign Stock and in Shares, there is
no alteration 10 report.
1t was stated on the Stock Exchange that,
Coun, Lieven, the Russian Ambassador, had
received dispatches from st Petersburg which
say that on the 9th day Constantine was pro.
claimed
Ne,U Gold Coinage.-The result of the Cabi-
net deliberations upon the subject of the dis
tressed state OF the money market, has partial
ly transpired, not in a suspension OF cash pay
mcnts by the Bank OF England nor i'll an unll-
mited issue of paper, as some of our cotempo-
raries have rashly surmised, but III an order
to the officers Of the mint, to expedite, with all
Lossible despatch, an extraordinary coinage Of
sovercigns.
Actiuity atMe Mint.-.There are eight pres
ses, which, on cases OF emergency, can all be
put in action as has been done at present, and
each press coins 40 soverelgns in minute,
making $50 sovereigns by the whole eight
presses in minute, or equal to $4,000 in an
hour. Allowances must, however, be made
Tor the breaking of dies, sc. which diminishes
the amount of coinage; and this week, $4,000
sovereigns per day have been coined. Mr..
Wallace is in constant attendance, and is as
siduous and interchangeable in urging to the
work.
"The Liverpool Commercial Chronicle thus
says:-The panic which prevailed to so appal-
ling an extent in the monied and commercial
world, has at length almost entirely subsidized,
and public confidence, in the metropolis, at
least, seems to be very nearly perfectly resto-
red. 1t YET remains to be seen, to what extent
the same effects can be as speedily brought
about in other parts Of the kingdom.
Livcrpool Markets, Dec, "a.
Cotton WooI-There has been better de-
mand this week, particularly towards the close
prices Of all descriptions have been maintained,
except Brazil and Egyptian, which have Civ
en- way Id to Id. Spectators have taken a.
bout 1000 bags. The import is 1900, and the
sales amount to 1900 bags, viz. 81 Sea Islands
at 24d to Esd; 1900 Bowels at sd TO Old; 200
New-O Orleans at SD to lid; 1860 Alabamas
at 64d 10 SID; 1890 Pernams at ND 10 l24d,
754 Bahas at load TO lid: 44o Maranhams at
lo2d to Id; 10 Demeraras at lo4d TO I'D;
$50 Egyptians at Old to 10 I'D $40 Surats,
sc. at 5 l.2d to Z I'D.