Wheeling times and advertiser. [volume] (Wheeling, Va. [W. Va.]) 1839-1849, 1840-01-07

bali. Anpuities 9es TO 90. Long Annuitics arc 10 to
S-l6 to Bank Stock IN Il TS to I79. and India Stock |
25l TO 262.
The foreign exchange are ence moro kept with toll
ersbie hrmncss To the quotsliou OF the last posi day, \
and hopes. therefore, begin TO prevail in the CITY that
a favorable turn IN them is near nj hand. As the
Whole continent rs literally glulted with English gold
there requires but a tri1ing chance TO induce its re-
turn TO this eounUy.-7ines.
The position ofihe Bank off:ngland il daily bccom-
ing more hrm. by the steady ,nhux of huliion from a.
broad. Us well us from the interior of England; a, the
same time the great reduction of her liabilities re-
move oil further apprehension rs 10 her ability 10 meet
any call which is likely 10 be made upon her for gold
~ exchange for notes. We hear that the currency IL
administered by the Bank of England is contracted
below what il has been known for the last 30 years:
il Is said that tho amount OF circulation on SATURDAY
last was upder l6 millions OF pounds, and Of dcposiie
not much over FIVE millions; The nearest approach 10
this contraction was in December. 1922. when The
circulation was only fl6.0SS.520. ard the deposiie
only ~f62l3S00.
With n knowledge OF these fscts. il is not surpris-
ing that the mercantile classes should have been put 10
Inconvenience for want Of ready money; and thai they
should be compelled TO make some sacrifice TO obtain
currency. in which medium, alone they must nav their
acceptance. and other engagements. Capital is abun-
dani in all shapes and there is no feeling Of doubt or
discredii about the solidiiy of trade. but the great diff
Guilty is to obtain a supply of the circulating lacdium.
as Al Is found that with sixteen millions OF notes. the
! ~ ihc SultfN cannon De aIluSfCa 20 Clsllv
"a with nineteen millions-GIcbs
The mercantile adyicss received from the United
Staics have inspired confidence apiong The merchants
interested in the American trade. The orders for
goods are numerically great. bu: they are not for large
quantiiics-Heraid.
arrangement ofihe money affairs OF the United King
dom -
Il. Thai.on a certain day all tho hank mater in tho
United Kingdom, whether issued b. private or joint
stock banks. including those of the Banks Of England
and Ireland. shall become the current money of The
realm. the same rs the metallic currency.
~. That parties holding them may receive cash for
them nj the Bank. of England. or may obtain from
any of the banks by which they are issued a dsan,
10 to issued a. a bullion ~bill.upon the Bank of Englanp
for the amount of them. for which daft, or bull, he
may either receive coin or Bank of England notes. at
his option; or he may present il 10 any osser bank OF
issue in the kingdom and receive Their notes for il.
,. The notes received in purchase % bullion
bill shall be cancelled aud that such bill ifnoi p,id
ia soin or bullion By the Bank OF England shall bc
raid by n fresh issue. Of notes. either by the Bank vi
England, or By any other bank Of issue in England
iceland, or Scotland. to which it may he presented.
II. That The Bank Of England shall purchase all
bullion presented io il BY a fresh issue OF notes, or BY
nrNe,i t"hich shall be an order upon any other ba: /
In Eng On Ireland. o. Scoiland. 10 which IL shall be
presented %: payment. to be paid By 4 lrcsa issue OF
+ n~tea
.. That each bank shall become Indebted to the
Government for the amount OF 10. circulation. and such
further amouni as may he necessary for it still.
10 Tn a Beard OF Com nissioncu shall be ssiab-
lished in London, TO settle and connect the detail
of the plan, ON susl conditions. and with such powers
as Parliament shall determine"
LIyERrooL Corros MARKET. Nov. 27.-Sales on
Monday. 1000 bales. without change.
HAvRE. Saturday ,3oih Nov. S39.-CorroSs-By
the packe, snip Burgundy. which vessel made an un
usually mpid passage. we received on Monday last
New York dates TO the Sh inst. the nfayorablc tenor
Of which, connected with the gloomy accounts frona
the interior. has not only has the effect OF dampiag the
demand with us. but has also created a strung desire
amoRg importers 10 realise speedily.
The aspect of our market, which last week assumed
an upward tendency. has. consequently. entirely chang.
ed, and he reverse Is now the case. NoiwiihSland.
ing. however. that prices have recedcd fully i2 on all
tho United States Descriptions. the purchases arc
merely from hand 10 mouth. and appear To be made
? with considerable circumspection. The clouds which
had before hung over The commercial horizon, but
which only flew days ago seemed OIL The eve OF he
ing ~dispelled. have therefore once moro lowered. and
our stock Of Cotton, irsicai OF Diminishing az was nat
urally %oIpected. has again accumulated; the arrival.
during the present moaIh having amounted TO Is. SO
bales against 1853 bales ouigoings.
1 As regards our actual quotations they arc { 2a0 be
low ihos1 at the commencement of the month. W.
sutyoin the comparative table Of the m Iyemcnt in uu
markets FOR the first III months of This year, col:iraslet
with former periods. showing a Innnthly nxeragc "a
1888 haIes in the ouigoings (or 1860 bales Un:ret
Stnics) against 2i.074 bales (of which 20 900 hale
. L.. 81 in 1888. and 2l92i bales Gay 1926 L. S.
in ls37.
Sales from 20 to Goth November II 737 bale
New Orleans. inferior TO coed fair, 81 sofa Il2.
; 455 Mobile inferior To gopd iair, 50 a II0f; SIS In
Lmd, inferior anal culinary 20 midfair AM fair 90
l03; 80 Florida. iniyrior and ordinary to orlinar,
: ST n 9Is
=. S. Die. 2-Thc market is nai, an {, all American
!, import articles look downward
Harrc. Noe. % Our population have now an OF
ponuniiy Of witnessing the good effect Of free trad,
IN corn; already nine thousand bbls. flour have beei
imported from TIC I.niiSd States and more is expected
Unnl now wheat hns been held very high. hut tn
knowledge Of these facts has not been slow to produc
= their effect and yesterday the price fell four franc
per sack.