Mobile register and journal., 1845-11-12
From the Boston Courier, Nov. 3
ARRIVAL OF THE CALEDONIA,
E..La L L


hiagi"m'
Ire en,inh market Is depressed, tue BUSINESS
u"neae'eo 70 liniteu' prices nave "o"""aid Ten
aeheS' ana hoioefs' eVdenty, not al ease, snow n
desire 10 hccepl lhe current rates, ana To press their
STOCKS l ne sales OF The week ending on Friday
only amounted TO zo,OUO baes' ann limited as This
business a. II was even more restricted yesterday,
-tof not more IMAM l,oOO 10 z,uOU bhgS changed
hands.
variety oil causes may be adduced 10 az count for
Inc present stdgnaton' Foremost is ihe railway
madness. IL swallows up all classes ana shades IN
The vortex; The steady merchant and The reckless
gamhier are alike hewliched ny It's a'luremenis and
sage grave men, whose organization would seem to
po' mem oni o me way OF temptations act IKE per-
sons labo'Ins under stimulating diaughls' and IN
crease by their conduct The general mhdhess AGAIN,
there is Tie fearful deht ency in the potato CROP and
n bad gram harFest-crcumsiances IN themselves
appalling, ana under the influence OF winch the cot
ton market may yet shrink ike scorched parchment
Then there Is The rise IN The rate OF interest by the
BaGk OF England, which points, amongst The other
breakers ahead, TO scarcity OF money, and the de.
fangemeni oil the exchanges, consequent on the large
sums oil gold constantly leaving the country to invest
IN continental railways. Finally, there is The pros
poets OF The new crop IN the United states, respect
I ing which there is but little anxiety elt-noihing,
in short, III all likely TO act rs counerpose TO the
prevailing desp0ndency
The causes at winch we nave glanced are ench IN
their way more or less poient-their combined inhu-
ence on the price OF HE staple and The prospects Of
the market Is deadennR' But every EVIL has some
drawback. The present state OF things will give IA
powerful impetus TO the feeling IN aVor oil Tree trade,
/ and rumors even now are preva'ent-more conJec
! lures, probably, hut stra"s show how the wind
bows-lhat reel, ere long WIN throw open the
poris, and thus anticipate the iamne winch would
appear TO be impending over Ireland, and which can
| not he unleit IN England.
The state OF lIade M The manufacturing DISTRICTS
does not certainly give an Indication OF ihe existing
ieeng IN the cotton market lhe trade Is less DISK
than II has been, but il can be accounted Tor without
| reference TO the circumstances at which we have
glanced, aud exists irrespective OF them. The yarn
market Is especially dull. Large quantities had been
purchased for expiration 10 Germany, on The as
sumption that The Z"ilverein would have imposed "A
higher duty on cotton twists but Congress was brought
| TO close without That step. The parties, mere.
fore, who anticipated such course, and specn'ated
upon 1t, will rather suffer that gain by their IRE ma
lure activity. The market Tor goods IN Manchester
and the neishborhood IS also less active, and prices
have receded u htle-lhey are "easler IN the par
lance Of the trade. The woollen trade in the York
shire districts has also diminished somewhat IN ac-
| tiNny, but sill maintains healthy appearance.
The American PROVISION trade tour'siea' Inc
stock oil bee, pork and cheese Is iig; ANA the state
OF things IN Ireland VIII have tendency not only to
improve prices, but 10 lessen competition 1t seems
singular anomaly IN this branch OF uade, that the
Hers constantly complaining Of the snallness
Of their stocks, and Of The difficulty winch they expe-
rienced in executing The orders which pour in upon
them.
The price Of corn is rising rapidly; the weather
lately has been wretched, and AZ The pres
ent moment large patches OF grain exp sed
the pelllng Of the elements in the north of Eng
land and in Scotland, while, we have stated pre-
viousy, the position Of ma tiers Ireland is even
worse Damp enhances The value Of fine wheat,
and those who possess the latter, calculating a
rise, esince desire to part with it. The market
is therefore scanily supplied, and improv ement IN
the price is the result AS to the general tld Of
the harvest, the authorities differ; but II TN
deniable that the wheat crop will he under thar Of
last wear, though mol 10 The extent thar aarmiss
would fam induce the world to believe.
The money market shows symptoms of watering
under the da K clouds which appear IN the distance.
During the last few day the price of Consos has
declined one per cent, and the value oil money IL
higher. The Share market may, on the wh6le--oi
course, Notwithstanding the lever, speaking
comparatively Of the bloodheat-be pronounced dull
er. Some Of the shares have receded in value, and
the price OF almost every kind Of scrip is lower.
The Iron trade ia brisk-how could IL be other.
wise land there continues TO be greater demand
than The trade can supply. The price Of Iron, of
hate wears, has advanced enormously and from the
present position OF Matters it seems likely to adj
vance still higher.
gratifying feeling prevails amongst the English
commercial world al the prospect which exists, dur
ing the administration Of President Polk, oil having
NE American tarh denuded o! It's present restrictive
FEATURES
The Pnsse,ite abstraction has taken an important
Turn, and one which has been long expected. The
thn line oil DIVISION which has been supposed to ex'
lst between the lractariins and the Catholics has
been severed, and MIR, Newman and body OF his
friends nave formally seeded from the Church oil
! England and joined the Church oil Rome whether
the church IRON which they have seeded Will now
experience peace IN er bosom, rent aud torn as she
mas been SO long by Jars ana dscord by no means
certain. lhe Pusseyl;e, or rather The Newmanlte,
eehns Is mol confined 10 oxiord-the sister unlVer-
SHY OF CamHld8e Is more or less tainted WIN II.
The European Times comnends highly the project
OF the railroad from Quebec 10 Halliax and st. John
Ii says;-
As great and energetic scheme Tor connecting the
aloiher Country more immediately win her North
American possessions II Is deserving oil all praise
and IN mere pecunary point OF view, considering
the great interests involved, the daily increasing
trade which VIII be stu further opened up by IT'S IN
sir"me"ahty and the vast saving oil time ny Inc te-
aous route OF 81 Lawrence 1t was one OF Inc most
ooia anu happy schemes "hich mas recently occupied
public attention. The extent oil the lines-they Will
approach hO0 miles IN length-appears III It's present
shape sufficiently extensive; but the views OF the
spirited projectors go beyond CANADA West ana ex-
tend as lar as Inc shores OF tile Paclhc! viewed IN
tins light, II Is an undertaking IN when the com
merce oi Inc world, but more especially the commerce.
| oil Britain, is immediately and deeply involved.
scheme SO gigantic ought to have The support OF the
powers mat be, and we are glad TO learn mat IN
addition TO the AID oi the Colonial Government. II is
~ favor with and has received the patronage OF the
Home Government: But at present 1t would seem
that The projectors do not contemplate going beyond
Canada;
Inc BANK oil England had raised the rate OF inter-
est 10 three per cent.
The work OF speculation IN the share market goes