Maumee City express. [volume] (Maumee City, Ohio) 1838-184?, 1839-09-28
LATER FROM ENGLAND.
Arrival qfMe Steam Slip British Quee

don to the latest time this afternoon.
Since the departure ofthe Great West
ern steam ship, affairs have generally re-
NAMED in u dull and very unlmproving
state. The weather has been not unfayor-
able for the harvest, and some portion OF
the crops has been secured in the Southern
counties; but on the average of the King
dom, the reports would lead to the conclu-
sion that only September fvery extraor-
dinary heat could repair the effects Of a
summer of SO much cold and rain-and,
therefore, that the real changes now are,
that the whole produce Of this year will be
not more than equal TO that OF 1838--whlch
exhibited deficiency Of about 20 per cent.
on all descriptions of grain. There are,
however, very wide differences in the estl-
mates and conjectures from various parts OF
the three Kingdoms--some describing the
appearance of the crops as abundant and
excellent in quality, and others Us backward
and deficient in fullness of weight the true
probability being, hat as the summer has been
50 similar to that Of last year, the final result
Of the harvest will be about the same. On
This supposition there Is nothing very cheer
ing in the prospects of the Kingdom at the
present tme-fur the deficiency of the har-
vest Of the recent year having been the
grand cause of oil tho monetary mercantile
and political embarrassment, it is too proba-
be that tie came high prices Of the nects-
saries oflfe and dullness of oil mercantile
affairs may be expected to continue TO pre-
vail for long period to come. The pros
poets of the country may be perhaps esti-
mated by nothing more correctly than the
state Of the London corn market, which has
Leen without any decline during the last
two market days, although the average
price of the Kingdom given at the high rate
Of 7Os 10d per quarter in the Gazette OF Fri
day last, and the duty on foreign wheat
within one penny of the amount at which
the duty would have been reduced As per
quarter on foreign wheat. These prices
arc go much to high for the prosperity ofthe
commerce and manufactures ofthe country.
that every thing being fairly taken into con-
sideratoi, i; is too probable that though If
severe misery be escaped, at least very lit
tie prosperity or activity can be anticipated
for the commerce Of the ensuing year. In
London the weather has to day been rainy
and warm, but the rains have recently been
observed to be so partial, that perhaps this
may not have been the state OF the weather
in the country at large.
The money market, which was commen-
cling to exhibit symptoms Of improvement
at the time of the sailing of the Crest
Western, has again relapsed into condi-
ton of pressure and distrust. The publica-
ton of the monthly official return of the as
sets and liabilities Of the Bank of England
appear in the Gazette OF the night of Fri
day last, and to the surprise OF the none
lary world, exhibited another large dimlnu-
ton of the bullion, to the amount of no less
than ESQ, 900 within the preceding month,
for all parties appeared Immediately before
this publication to feel assured that large
increase in the gold was to be announced
and even the Directors themselves must
have been under some misapprehension Of
the stale of their affairs, for III lieu of low
ering the rate of interest of money and ex-
tending their circulation, of which some of
their body were assuredly speaking imme-
diately before, they have since been largely
contracting their dlscounts, and money con-
sequently has become exceedingly difficult
to be obtained, and the rates OF interest
higher than at any former time. Indeed,
the appearance Of the corn market is such
that the importatlons of foreign wheat are
expected to be continued for some time to
come, and thence the demand for gold may
almost Immediately exhaust the compare
lively trifing amount remaining at the Bank.
The present prospect is, therefore that the
pressure for money will not be diminished,
unless upon the slender chance of the har-
vest being yet SO full and abundant as to
bring down the value of corn to a rate
which would occasion the closing of the
ports against trade in foreign corn.
In American securities there is absolute
y perfect stagnation, and the slight i'm
provcmcnt which it was so agreeable to no.
tce at the time of the sailing of the Great
Western, has since entirely disappeared
Excepting in the shares of the Bank of the
United States there is nothing whatever
salcable to any amount, and even these have
declined los since the arrival of the unla-
yorable monetary intelligence by the Inde-
pendence packet ship OF the 7th OF the re-
cent month.
Some of the bankers here have been pro-
posing petitions to the various State Go
vernments, for the establishment of sinking
funds for the diminution and redemption OF
the various European loans. 1t is thought
that the adoption of this principle would
give higher character to the various
stocks.
The cotton market at Liverpool, which
was very animated at tile time of your last
accounts by the Great Western, llus again
become depressed, and according to the nc
counts received this morning, the business
was very dull during yesterday, and the
sales only 5000 bales at reduction Of 0
per ID. The entire importation OF the week
ha been 81 ,80S bules, aid the sales 3,s4O,
of which $4,000 were American of various
kinds. The stock therefore is increased BY
several thousand bales, and the demand be-
ing daily decreased at the same time, would
lead to supposition of a further decline in
the price, III the course Of the ensuing week.
In London no American cott0ns have been
sold and the sales Of East India has been
only to the trifing extent Of 500 bales of
Surat al sad Sd, and 800 Madras at sad
per pound,
The other markets are all in a state of
stagnation, with the exception of the iron
trade, which remains prosperous IN Wales
1.-The price of bar iron having not yet been
lower than the high price of 9E per ton.
The Parliament was prorogued by the
Queen on "Wednesday last and will not