Baton-Rouge gazette. [volume] (Baton-Rouge, La.) 1819-1856, 1845-12-20
EuRnpE

The steamship Cambria, Capt Judkins, ar
rived at Boeton about 8 O'clock on the NOR
ming oftho bth. having made the passage i
abopt ID days, and bringing dates from Liz
erponL to the 10Th, from London 10 the 49,
from Havre to tho 18th, and from Paris to III
14th.
The intelligence Is important, IA showing
a decided Improvement in The cotton mar
~ket-being an advance Oh all descriptions Q
American. mp 10 fair, Of III per Ib. The sale
OF all kinds for tho week. ending tho l4th a.
mounted 10 $500 hbles. Up to the 18Th
The day before the Cambria left, there hat
been no changes IN price, tho daily bushes
being moderate, but transacted at very firm
steady prices.
The CJrn market continued n rise, thu
averages for The week ending the 18th being
t4S. Although tho Government have not ye
opened Tho ports 10 the free importation o
breadHfufa, The belief was gaining grounc
that, before The end Of the yehr, corn will be
Admitted at tho lowest duty--a shilling PEI
quarter~
The produce matkets remained in a toleFa.
bly, healthy state, and the merchants, az they
were not forcing their goods at auction, but
selling them at private contract, we're ena-
bIed to get better prices.
J. The American provision trade did not ex.
hibit much activity.
The alarm about The consequences Of the
potato crop in ireland continued TO be very
great.
The bank Of England had increased the
minimum rate Of interestto 81 per cent. This
ut first depressed the money market, and the
funds afterwards experienced considerable
Huctuatton, frequently rising and falling ] or
] per cent, n the course Of asday. The sales
we're generally Of a speculative character,
while the pure ases were real. In fact, the
tho character Of The business in the English
funds has undergone a complete change
On The whole, il was thought this movement
was dictated by sound policy, and tina. 1t
would produce q healthy state Of trade.
The mania for speculation had considera-
bly, abaied, and much capital, which, before
the latest depression in shafea, would have
been absorbed in rail ways, was finally seek.
ing tn safer course Of investment in the pub.
Ilc funds. The European Times gaya that
'the collapse, which has followed the railroad
lever, acts most tnjuriouEly upon tho discrtp-
crlPtIons Of stock that are really anexeepiion.
able and. haunted by their fears, persons.
ought 10 know better, aresparting, in the
lleless state Of the m1rket, withpfo- |
oerty wbichacannot fail to inprovssOn the first
Of confdcnce.o We learn from the
London Times, that no less than 1868 cor1-
>anies have been projected, to carry out
which willrequire nearly ''two thirds Of the
debt. Of England - The required
Of 10 per cent, which was soon 10 be
or rather attempted would alone absorb
c33sOOO,OOO. There are az railways com
'leted, representing a capital Of E70, 900
are llS lines in tho course of con.
t%ruction, which viii demand for their com.
letion, even with the Parliamentary power
I borrowing one.third on debentuSe, G67,-
10000. Adding together the old, the new
nd The announced Undertakings, and not less
han G~649,OOO,00O will be required This
imost incredible statement Of The Times has ,
nused great alarm and excitement, and
the moral sense of all not engaged in !
lese schemes at the exposure Of so much :
knavery and madness.-Tropic ,