The Somerset herald and farmers' and mechanics' register. [volume] (Somerset, Pa.) 183?-1852, 1845-12-02
SeretSu 8eWs.
From BckneIl's Repocter.
ARRIVAL OF THE BRITANNIA.
Thirteen Days LATER from Eu-
rope.

of the New York Herald Extra, contai-
ing London advices to the Sd inst, and
Liverpool to the 4th inclusive.
The news, as it will be seen, is impor-
tant.
The short crops in England and all ov-
er Europe, a rcvulsion in railway specu-
lations, and fall in stocks and public Sc
curieties, have combined to produce in
some degree, financial and commercial
panic.
The iron continues brisk, and masters
and men are well employed. In the
price of pig iron slight decline has Ia
ken place; it is now quoted al "a los, IN
Glasgow.
The steamship Marmora, from New
York and Liverpool, for Conslantinople,
put into Cove ID of November, with
Goals on fire, and would discharge them.
Nearly all descriptions of produce have
received check, but there is nothing so
gloomy ahead, that a speedy and healthy
reaction may not take place.
FLOUR AND GRAIN.
The Corn market continues to rise, and
the averages TO decrease little; but the
..iump" in the scale by no means indi-
Gates the actual price which good Wheat
realizes. The quantity of indifferent or
bad grain which is thrown upon the
market keeps mp the averages-if such a
misnomcr can be applied TO scheme
which very unfairly represents the actu-
al price of the article. The opening of
the ports is 4 question so important in
Itself. not only as il affects the corn trade,
but what is of FAR greater consequence, as
il affects the general interest of the coun-
try, that ii absorbs every other topic at
the present number.
A morning paper stated a day or two
back. that a treasury order had been trans
mitted TO, and received at, the Dublin
Custom House, admitting grain free of
duty. This statement turns out 10 be
incorrect; but il was generally believed
a proof of the public mind being prepared
for such step on the part of the Gov
ernment. An evening paper has pub
lished statement to the effect that Wheat
and other descriptions of Corn, are to be
admitted Immediately, at low figure
Wheat at sixpense per bushel, and the
other kinds still lower; but this statement
although put forth imposingly, IS also
considered premature.
a Cabinet Council was held on Friday,
at the house of Sir Roberet Peel, as the
Premier could not leave his home, owing
to an attack of gout in the foot. At this
meeting the question of the opening of
the ports was no doubt discussed in all its
bearings, and expectation was on the qui
riue to know the result Another Cabi-
net Council was held at Sir Robert PeeFs
house the following day, and the result
of this, as of the preceding meeting, still
remains mystery. People have been
anxiously looking to the London Ga
zette, expecting to see an official iRtima-
ton OF the Government policy, but they
looked in vain. The Cabinet is said to
be divided on the point at issue, but no
one presumes to think that the ports
will not be opened. 1t is the only thing
about which people talk-"Out of the
fullness Of the heart the mouth speak
eth.
The decision of the government must
speedily be known, because if corn is to
come in duly free, every day adds to the
difficulty, as the time oil the year is rap
idlv approaching when not only the Bal
tic, but the ST. Lawrence, will be closed
by the ice. As regards the former, how
ever, owing TO the scarcity which pre-
walls amongst our continental neighbors,
and the high price which grain commands
there, much cannot be expected. The
great hope is in the United States and
Canada. The proof Of the scarcity ex-
lists in the fact, that most of the continents
al powers have already opened their ports
for the self same object, and ii is justly
said, Why should England be less con-
siderate for lis citizens, than are the con-
tinental rulers for theirs.'
The real fact in all probability is, that
Peel is unwilling TO act until he is armed
with the strongest possible reasons for
doing so; and in order to cavil ont the
custom, he is said to be waiting for the
report of the scientific commissioners
whom he has sent TO Ireland to inyesti.
gate the potaloe disease. Some say that
Parliament will be Immediately summon
ed to consider what ought TO be done in
the present emergency. A Pflyy Coun
ell must be called ere the ports can be
opened, and as no announcement of such
a meeting has yet been made, some days,
IT is probable, may elapse before the poll
cy of the Cabinent will be made public.
The state of things in these kingdoms
at the present time, with the certainty Of
''bread stufis" coming in free, or at the
lowest nominal duty, must have con
siderable effect on the price of those com
modities in the United States and Cana
dian markets. AS proof of the diversi-