Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1838-04-17

LONDON, March 5-The commercial adVlces iton' '''s
United States are of despondlng CHARACTER '"
those received by the last packet Ihe pressure 'oi
ney had increased with the want OF commences '"s
banks continued TO give way and The prospect VI a
neral resumption of specie payments nPpeafeu " o'
equally distant as by The former accounts,
The agitation of the SubTreasuy scheme IN congress
appears also have caused considerable iali III al
kinds OF American stocks. he Stale OF tAe money
market in New York may be inferred from The crcum
stancrs that whilst the exchange on England had rrcr'
ed To pa premium; bills we're difficult OF negotiation
at that reduced the letters by THIS arrival 'uy
confirm previously expressed opinions, That many
months slanse before there Is heaIt'y Gphhu I"'
British manufactures in the United States, whist HE
excessive consignment of cnlons TO this country were
increasing every day, much so that the exports OF
cotton from the United States up 10 the lUlh OF January
exceeded those OF the preceding year TO The same peri
cd by 40 eco bales.
Thus i, APPEARS that The balance oflrade against this
country iii the United States is rather gaining gronnd
and coupled with the reduced rate ot exchange, WHICH
wilt render bullion profitable article OF export, there
is strong opinion here that large e%Pnrtaiions OF Inc
precious metal vii! Immediately take place. Altogether
GU. commercial relations " it'll the United States are 81
serious character and it is pauu far The sake OF oar
commercial interests 10 remark that our representations
have been thus but too truly verified.
Il anrears also by some Of the private letters wiich
have been received from Paris day, that there are
accents from the L. States That and some other cities,
who are engaged in purchasing bullion for The American
Market aud, by singular coincidence, II appears that
during The debate the proposed measure OF conVfr
ing tic French five per cent ren'rs 10 NE tnao', OF
Drpues On the previous day, member the son'in.Iaw
Of the Prime Minister should draw from his pocket
despatch prcgnos!ics!ing another coni'ecia CRISIS III
the T. States with the vcw Of nrgng upon the Ci'ani.
Der the necessity Of reducing the rate Of interest from
10 per cent per annum
Tie notice which Mr. Jaudon sent n the Stock Ex'
cIarre. Offering 10 redeem the April u. States Bank
bonds under discount Of tire" per cent has created
great deal of remark among monetary and CONNER
c;a circles and has been generally viewed III The igt
o an empirical attempt 10 give character 10 an agency
which experienced and sober minded men OF business
consider alien 10 the commercial interests oil ms couh
try.
Io:poy March S-The commercial advices from the
u States are deemed very d'scOuragng by our men OF
business and every thing indicates the continued dsor
oanzed state ofcommercia nairs throughout the Union;
So much So that, although the state ot the exchange
was hgy favorable for remittance very little IN pro-
norton has been eceived; whilst the reduced rate OF
cxclarrr coupled with the fact that sovereigns In the
New York market maintain their late quotation oil - n
50 o. show that it is still profitable TO export
bullion from this country than at the date oil The last ar
rival
LoSDoS March 9.-The private accounts from New
York arc so unfavorae leave little doubt that there
il an end To ali further realization Of assets for the three
great houses which suspended payment IN June last
Indeed the best letters state their belief, without
reserve, that such is the case. Some information may
shortly be looked for respecting the situation OF these
accounts which have been from their magnitude,
an object of great interest throughout with all com.
mcrcaI men in the country. The great fall in the e1.
changes, by which they Enve turned so decidedly
against England, continues 10 form the remarkable
feature of the New York, money TRANSACTIONS DIS
were done on the 10th ult at D5, and it is estimated
that n this prce spece would flow into the country at
profit Of from per cent. Oh the difference OF eS-
cbungp alone.