Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1837-06-13
MORNING HERALD.
TUESDAY. JUNE IS. 1897.



The past week we have been flooded with packets
from England and France. Not a day has passed
that We have not had at least one, ana some days
two arrivals Yesterday the ships Orpheus, Bursley,
and Shakespeare, Collins, arrived, both from Liver
peol. The former sailed on the 18th May, and the
latter on the 10Th BY them we have received our
aular files and letter from correspondent up to
the aay of the Orpheus sailing. Our London dates
are to the evening of the 10TH The packet ship North
America Captain Hoxe, hence arrived at Liverpool
on the l7th she sailed from this port on the I'd, con-
sequenlly making remarkable short passage of If
teen days. We are much obliged to Capt Ira Burs-
ley of the Opheus, for his polteness in furnishing us
with files of English papers.
News had been pouring INTO England from the Uni
ted States Of very bad nature, but the English
chants had stood it well. Nearly every description
OF British goods had declined.
The packet ship Virginia, Watson arrived at
Liverpool on the l5th-she sailed from this port
on the Gath of April, and carried out plenty of bad
news.
The Shakespeare brings out 2l6 passengers in steer
age.
LospoS, May 1.-THE consol market is very
steady this morning at 81 but the business doing is
on limited scale.
Ky the advces from Hamburg the price of gold is
1851 per mark. The exchange at Hamburg on Lon
don at short being 1891, it follows that gold is 023 per
cent dearer at Hamburg than in London.
The premium gold at Paris is 9! per mile, and
the exchange Paris London at short being 25 37a
it follows that gold 06 per cent dearer Paris than
in London.
is llls per cent, and the par Of exchange between
England and America being 100 g. 10 per cent it fol
lows that the exchange is 2 II per cent above par.
There has been somencrease within these few days
A. TNrh ar. k,,t.,
a very extensive one. The operations which have
chiefly gvea rise to suspected to be those Of the
Colonial Bank, which is about to commence its bust
ness
The foreign exchanges quoted as nearly as pos
sible the on the last post-notes. The range
on Paris is rather wider than usual owing TO differ
ences probably in the quality of the paper.
The settlement in the foreign stock market, which
took place this day. was not marked by any particular
feature, and money was obtained without difficulty TO
carry on the account.
LONDON May l5.-The accounts received from the
manufacturing districts this morning, unfortunately
bear the fullest extent the tenor OF the nte gence
we received on Saturday, premontory OF what was TO
be expected.
The firm of Oswald & Co, the head of which firm
is one of the members for Glasgow, and one of the
largest and most respectable houses in active opera
ton in that city, has been Obliged TO bend TO the storm
and suspend payment, chiefly consequence of the
liabilities incurred by importations from East In
dia possessions at the high prices last year.
Several other houses of minor importance have al
given way to the end of last week in the manu-
featuring districts of Scotland, and the destitution
of the working classes is increasing to ratio truly
appalling
THERE'S horse at Manchester also announced this
morning. which has altogether five branches or es-
adjustments IN America and on the coalinent.
There is further another failure announced in the
letters from Manchester, which involves the Northern
and Central bank for upwards Of another 100000 un-
der circumstances which is said to do little credit TO
the dscernment or integrity of the directors of that
establishment that has for months been so fire.
quently in the mouth of the public
Lospos May l5.-It is gratifying to state that the
pressure which has so long existed upon the mercan-
tile interests in the city is wearing off and this week
has been more free from apprehensions and The pro-
mitigation of alarming reports affecting credit, than
any similar period Tor months past
The expectation of the precious metals from the
ports Of the u States is conducted with much secesy;
IN fact desIrous were certain parties IN America TO
retain the god that little less than Lynch Lap would
be inflicted on parties who were known to be engaged
In Shipping IT, Most of the gold which has already
reached England from the other side OF the Atlantic
has been Struggled on board. We can state that of
the Mint arrivals 100000 IN sovereigns were put
board at New York in an old wine basket as stores
100000 in an old hair trunk and in another instance
nearly an equal amount was sent on board in an old
tub.
Whether the bostered up houses will or will not
weathcr the Storm is more than we can pretend TO
say and will in fact depend altogether the turn
things may take in America. But though they should
now 20 down, their fall will be comparatively light
and by acting sheha done, the bank has obviated
a most destructive crash R this country and in the
United States, and has secured payment from Ameri-
ca of several millions of which five per cent. would
no, otherwise have reached US. But we repeat again,
that the bank - in way, 10 any extent or de-
gree, mixed up with the affairs Of any house Not
one Of them is responsible TO her She rendered them
certain assistance, terms freely assened 10 by
them, with which she was and IS satisfied and
should they snhappy, be obliged TO ask for further
assistance, the bank will no doubt deal with them as
rhe would with any other partythat Is, she will in
qurc the circumstances and decide for or against
the application she may think conducive to
her own and the public interests.
Tolhe Editor Of The Horning Chronicle
10 Coleman street, May Is, 1857.
Sir-We have observed with the utmost astonlsh-
iaent the statement in your city article of Yesterday
named, aud state that our firm had been compelled
20 receive clerks from the Bank of England TO wind
up our affairs, &c.
We shall not say word as 10 the position OF
others; hut TAR rs we concerned there is not
the slightest foundation Tor the statement Your
obedlent servants, GEo. WILDEs " Co.
LoSpoS, May l5-CITy lS7ELuGEScE.--The ac-
counts received today from the manufacturing dis
trcis, but particularly from Scotland, are ox-
ceedngly Responding. The absence of the usual or
dcrs for tbs supply of the United States markets is
pressing with great severity on several branches OF
manufacture peculiar 10 Scotland and the discharge
- mon IL sill raptdtv Tl,a