The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1841-01-26
Mem Fort Correspondence.
FOREIGN NEWS.
New YoRk. Saturday. Jan.

BY the arrival of the steamship COLOMBIA, at
specis, gratifying intelligence from Europe.
The pressure on the London Money Market has
entirely abated. Indeed, il only existed because
every body said there must be pinch at the
winding up Of the year 1910. The arrival of
the Isl OF January convinced the capitalists and
business men that they had been more frightened
than hurt, and the consequence is. money is
abundant at IL 5 per cent This is good
news.
The United States Banks representatives
have consummated their London loan for over
one millions pounds sterling SO the resump-
ton is beyond all danger.
U. S. Bank stock closed this morning at the
Board at 54-an advance of 2 per cent. There
was an improvement in the stocks generally
North American trust /, Stonington 3, Canton
Company IL Exchange is also greatly equal
lied: on Boston, par, Philadelphia, IA, Balti-
more, |, Richmond and Charleston. 2 2 "a,
Georgia, l-2 LIZ, Mobile, ~, Blew Or
leans, IA 1-2, North Carolina, 3 a l-2, Gin
cinnati, Louisville, and ST. LOUIS, 6 a6l-2,
Bills on London, s IA a l-2
The new loan Of the u. S. Bank has been ne
goiated with the wealthy banking house Of ].
Morrison & Son, which will henceforth be the
agency of the Bank in London. II is stated
that the suit Of the Messrs. Thayer and others
against the Bank, on its notes, for l,5O0 900, is
IN process ofsettement, and will probably be add
Justed to-day. So the cd Monster gdes into
smoother water without a struggle
A still more gratifying fact developed by the
late arrival is that of the rise Of CoTToN in Lii
rerpoot in The face Of a heauy sale. True, the
improvement is very slight, but the market
was so firm through the last week of our adj
vices, and closed so favorably, that every one
argues still further improvement. The ad-
vance in our market is about ga upon the rates
two weeks since
Flour and Grain show no improvement in
England, and, of course, none here Western
Flour, S4 SO IS; Howard street and George
town, $5 II l-2 a IS 25. Southern Corn Sc
cents. Wheat not in demand.
Ashes-Pots, SIS 81 l-2 Sc. Pearls, SIS 75s
Some of the European advices wear a war
like aspect The Great Powers are still arm
ing to an unprecedented extent, and the little
ones follow their example. y Where is this ex-
penslve loolery to end2 The French and Eng
lish journals are mutually abusive, and an i'm
preston prevails in Paris that general war is
not distant, and may break out in the spring 1t
is even said that Louis Philippe now regrets his
tameness in regard to the Eastern question, and
wishes he had backed Mahamet Ali until the
latter held possession of the entire naval force of
the Ottoman Empire, with the province Of Syria
in his grasp. doubt this, with the collateralre-
port of a contemplated overture of the French
Ministry which shall bring Mole to the head of
affairs. But it is certain that the recent treat
ment of Mahamet Ali by the Allies-their dis
avowal of Com Napier's treaty, and requiring
him to submit to less honorable and more hu-
initiating conditions, has excited sympathy for
him and Indignation towards his aggressors.-
The friends of war in Europe are barely smoth-
cred, but think they will be kept down. Paris
is now delighted with the idea of coalition with
Russia against England.
Yours, HAROLD.