Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1838-04-20
On money market continued III favorable


The Liverpool cotton trade had also revived and Anne
1can had advanced for the week previous 10 Inc l'h
! March, Is Id per Ib-.N. y. Times
large Hebrew establishment was reported 10 h c
entered into contract for the export ~ between ~
OnOOOO and 3 COO 600 the u States operations Oh
this kind being rendered necessary to bring about "a
lance Of trade between the two countries So says 'e
| London Shipping Gazette
| There arrived at Liverpool during the week enolns
March Oll 100 600 bales OF co,,on-the greatest
| quantity ever ACKNOWLEDGEMENT Of Commerce.
A motion made in the House Of Commons: by Mr.
Vrlars for total repeal Of the Corn Laws, was mega
,ved on the 10th of March, by 800 votes against 70
Lord Durham is 10 have no salary, but his expenses
are to be paid by government. The preparations iof
shipping troops to Canada still going on.
it is reported that the English Government Will he
ohned TO ask for loan of Two millions sterling. The
for The winter quarter likely 10 prove &C ncen
or account of the freezing OF The Thames ana Inc de-
messed state of the American trade. London paper
of the 10Th Of March says that the difficulties oil The
American money market, and The expectation that the
banks there will not soon resume payment nave mrch
essened the demand for goods for expectation. Inc
packets however, exporting valuable lreights
of precious metals 10 make up the deficiency oil g"ocs
[B.
(Fron, tic Sunday Times Of 18th .Hareh }
Cry Saturday The mercantile advices from The u
S TO the 20lh Mt not of more promising nature
than those which previously came TO hand 1 he high
rate of interest still demanded iu capital, md the con
banks of the Uunn, had almost entirely pat stop TO
extensive operations in imported goods The conse.
ouence is but very Limited orders have been received
for the shipment of British manufactured goods.
The variations in the British Securities this week have
been limited 10 about 3 per cent. The anticipation Of
an extensive expectation of the precious metals TO Ame
Ica consequence Of the balance o trade having turn
ed in favor of that country, and tie very reduced ratio
Of exchange at New York, with demand for bullion at
high rates have had injurious effect upon prices
Of stock. The situation Of the Bank OF England Is
highly satisfactory. There continue 10 flow IN extensive
Iemi,tances of gold and silver from the Continent ana
South America IT is not apprehended that The stock oil
bullion held ny the bank will diminish to any extent be-
fore the trade with u States has again become brisk;
thus producing rc1ux of srecie TO Great Britain.
LoSDoH March l2.-The quarterly average and liza
biltes OF the Bank of England have rot failed 10 ex'
cite much interest.
The directors Of the Bank Of Eng lcnk have increased
their circulation the month. in the sum of t39,OCO;
the mean circulation of the Bank Of England during
the past three months appears 10 have been about
SIS DO $685. and compared with the retnrn o March,
1877 had increased the year, in the Of Gl22 900
The deposltes have been increased in the sum o!
f2GOOO0 The securities have increased in the sum Of
c2l3 900 which shows that the late determination The
mart of directors reduce the rate OF interest," both on
discounts and loans in order TO compete with the open
market has not much increased that portion OF their bu
sness whilst il illustrates very paPaby The actual state
of the commercial interests of this country at The pre-
sent time The amount of bullion on the average, in
the possession of The bank direction has increased on the
month in the SUN of EI72 900 Since February le3I
at which period the stock Of bullion in the bank at
the lowest being then only "a 032 OS0 it has gradually
increased, and exceeds that by 9c3OOJ; on The
year the increase amounts 10 1901 9O.
FRANCE.
The French Government has spent annually, on &c.
count Of its possessions in Africa since
the taking of Algers the prodgious sum OF l9OO0OOO
Of ral;cs or bout 700 COOL The extra loss Of human
life by the climate and by casualties in war during that
period has been at the rate Of 800 men year, during
lie six wears Of patton from 1881.
EXTRAORDINARY Observation-Disclosures OF OUR
BAxKs ABROAD The following curious paper from one
of the French Heads Of Department, appears in the
French papers Inaccurate il is in Of its state
ments il shows how utterly false Mr. Bddes assertion,
that the delay Of banks TO resume payment does not
injure our credit abroad
To tie Chamber Of Nancs- Commercial crisis Of the L.
States.
The Government has received from the United States
details relative to the numerous ebarrassmenls OF the
presen. commercial and inanca! situation Of that coun-
try
Placed between the fear of troubling prematurey the
security Of those who transact business with the States OF
North America and the duty of neglccng nothing that
might ward off from the trade of France, the contrc coup
Of extreme events think better TO lay before you the
following despatch which has been received that may
be communicated to such persons as II may concern
These accounts without doubt cannot be received with
out degree of reserve at present. but under the cir
cumsances consider it better simply 10 cal The ater
lion of French commerce 10 what is passing in America
The commercial and financial crisis augme nts daily IN
force and intensity. The major part Of the banks OF the
five States OF the East New England) a state Of
bankruptcy and The Federal Government is much COM
promised for sums placed in those OF these banks which
nre called state banks privileged banks At present
Boston bank generally refused throughout n
| York The course of exchange in the interior OF the
different States of the Union becomes daily and
worse in consequence Of the due by the
East South and West, to New York; and MIR. Bidde,
to whom the commissioners Of the different banks OF n.
York have been SENT has positively decned IN The pre-.
| emf stat Of EXCHANGES
| Philadelphia operate in premature resumption OF
payment in specie, measure which, he says would be
necessarily abandoned fortnight after 1t had been
| adopted.
| "Ths reply and the attitude of the Government,
which always threatens the country with its disastrous
experience Of sub treasury Offices have occasloned a
fresh and runous fall IN the public funds and no one
can be asonished that the misery should be general,
and have gained all classes when the following outhen-
tic data OF the immense reduction which the Banks of
New York have made in their afiairs since the first Of
January, 1887, be looked at
Jan 1887. Jan 1888 Dminuton.
Loans 793I2U3of 6O90O770f 1S.3l23lSf
Circulation, TABLESPOON l2,l3I .475f LOO 922f
Specie, 6G57 G2Of 4,l3J733f 2.4l72c8f
Deposes, 4O,l5G.294f l5;Tl, 129F 4,33o2 9d't
There is not in the financial history Of any people a
similar example Of extraordinary dlmnulIon IN so
short space of time. All engagements consequently
suffering. The delays granted in the commencement OF
1897 for sums due are about to conclude and slate OF nj
fairs renders the honorng of these engagements impos-
aible. The Custom House bonds alone due to the fe-
dera Government 10 2,700000, to be paid with.
in the next 80 days In fact, there is every appearance
of almost violent catastrophe about next April as
was experienced by the Commerce of the United States
in the months of April, May, and June last.
(Sgned)
The Minister OF Public Works, Agriculture and Com
merce, NJ MARTIN (DU NoRD)
| SPAIN
The Carlis's have entered and plundered Saragossa
They however, afterwards either retired driven
out after taking the Of the city militia. The ~.
phus fever had made great ravages in the hospital OF
lrache, among the sick and wounded, and Don Carlos
with his court TO leave Estea on the 9Th OF March
from fear of the contagon Of the disease and to proceed
10 Yillaranca or Gupuzcoa The Madrid dates are 10