Cheraw gazette and Pee Dee farmer. [volume] (Cheraw S.C.) 1838-1839, 1839-09-20
From a Correspondent the National lntelli-
gencer.
New YoRK. SEPTEMBER 10.

New YORK, SEPTEMBER 10.
The Great Western arrived this morning,
bringing us news from London to the evening
of Aug. 23d, being twenty-four days later
She brings ITO passengers, among whoim are
Gov. Reynolds, of Illinois, and q. n rawlings
from, it is said, not unsuccessful European
money expeditions. The Great western peat
the British Queen out, in time and distance
IL hours, but about "a from port to port
This trip has been very bosterous one. =,
What is the state OF the crops! was the
first question in Wall street. 1t is difficult u
answer this now, but the best opinion can
get from reading a great variety OF Engllsh
newspapers, is that there will be an average
CROP and that the crop Is nearly out OF peru.
OF this, however, there is some doubt, ana the
fact is not admitted to BE- settled, and Will not
be settled probably even by the British Queee.
In France most of the grain had been harVes~
ted and the crops were remarkably gooo. -
The Bank of England raised the rate OF y
terest on the 9Th to 6per cent, and the r., rate
was fully sustained. The imports OF bullion
we're much greater than the exports, although
the Bank of England continued to be draineo: !:
That institution had borrowed two millions OF
the Bank of France, and could have more If 1t
wished The agency of the Bank of the Uni
ted States had passed into the hands of Bag
ings & Co., and every thing went on smoothly.
Mr.. Jaudon was on the Continent, and it was
stated he had negotiated large loan on
American securities for the Bank. American
stocks in London had sold at still lower rates,
and were unsaleable; several agents that
went out in the Great Western to negotiate
loans returned without effectirg any object /;
but it is stated in the Commercial this evening
tina, Gen. Rawlings and Col. Oakley had sue
ceeded in negotiating loan OF 4,OOO,OOo ILL.,
nois bonds on favorable terms.
England continued in great agitation on ac-
count of the Chartists, and them movements
were alarming, but were not feared. Most OF
the leaders have been tr ed and found guilty,
end sentenced to imprisonment for one and
two wears. Those conc ,rned in the Blrmlng-
ham riot were sentenced to death, but are to
be transported.
SETEMBER IL.
The general impression now is, that the
ne MS is good, or rather promises to be good
Money, it is true, was scarce in England, and
bore a high rate of interest; but the panic
was over the exchanges were turning, or
turned, in favor of England, "ullion was run:
ming there from all quarters ofthc worl ; and
the crops, or prospects for the crops, were not
bad, if not good. Things were clearly settling
down there into quiet state: The Chartists
were going to work again. The Bank of Eng
land was discounting commercial paper,
though at six per cent. The conditions OF the
Illinois sales, however, are reported to be
such as cannot be accepted, and such as will
fall through. The Commissioners are here.
The -four market must be depressed, think,
by the news respecting the European crops,
though have seen no sales to-day. What
keeps -four up here is short supply, the farm;
ers in the interior, who have been accustomed
to high prices. positively refusing to sell upon
the offers the millers now make, in the belief
that as the season advances the price Of -four
vii, rise. In-judged as this opinion is, upon
existing facts aud prospects. the custom of re-
ceiving high prices for wheat makes the farm
ers now the holders on, and thus we have a
short supply, keeping up prices, whereas 1.-THE
wheat went forward as usual the fall would be
very great.