The New York herald., 1845-12-07
MONEY MARKET.

The Stock market was very heavy to-day, and quota
tions for State stocks fell OF fraction. The cause
this decline be partly attributed tone OF tho
message and to the complexion Of the foreign news
Illinois 6s declined per cent; Pennsylvania 5s Nor
ris Canal, Il Harlem, !; Long Island, Il Read adng Rail-
road 7; Indiana, Norwich and Worcester Erie Railroad
and Farmers Loan closed at yesterday prices.
The commercial advices from Europe. received by
the steam ship Cambria, at Boston, from Liverpool arc
of the most interesting, and this country of the most
important character So far regards the harvess the
worst ancipations have been fully realised. The most
alarming state Of things existed in Ireland and cores
pondence had taken place between the Prime Minister
of England and the Lord Lieutenant of Ireland in rea
on to the opening of the ports and prohibitions upon
the of grain for disllation, &C. The potato crop
was rapidly decreasing from the effects of the rot
ears entertained that before another harvest
bushel of potatoes in the United Kingdom would be
consumed destroyed by the rot Several cargoes had
arrived at Liverpool, complete state of corruption
which were, when shipped apparently perfectly sound
This by no confined to the potato crop oil Great
Britain, but extends the whole Of Europe Bel.
gium, Sweden Russia, Poland and other countries
usually blessed with surplus supply of breadstu
this year deficient in harvests and prohibitions have
been placed upon tn export Of grain. AS the
vances the deficiency in breadsuas throughout Europe
will be more severely felt The present supply of pota-
toes cannot be calculated uponthe rot will destroy as
rapidly the people will consume, and from these two
crop cannot possibly until another harvest
It is at present impossible to tell what will be the result
OF the distress arising from the scarcity of food in Eu.
rope but appears at this moment probable that the
ports OF Great Britain will be thr open for tine adms
sion OF grain from this ounry at nominal duty The
leading journals of the kingdom which have heretofore
opposed such movement loud in their de-
mands for immediate adoption oil that measure. The
Duke Of Wellington the most bitter advocate OF
laws has suggested the policy of calling Parliament
geher, and submitting the subject that body
Something must be done to relieve the suffering poor,
and their dstresses increasing rapidly and have
already reached such alarming extent that govern.
ment cannot much longer defer action in the matter.
Amidst the general suffering from the scarcity and
high price of breadstus the depression in the money
and cotton markets continues very great, The increase
in the rate of interest loans from the Bank England
must have very material influence upon commercial
affairs The slight revival in the cotton market grow.
ing out Of the anticipated difficulties upon the Oregon
question: had been merely temporary but a revival OF
ACTIVITY, and an improvement in prices, will, withou
doubt asnn grow out of the agitation of this subject
The railway mania rapidly subsidng, and the ad.
in the rate of interest in England and the Con-
tinsnt, would seal the fate of that movement.
The opening Of the ports of Great Britain the impor
taton of foreign grain free Of duty, nomi
nal duty would prove injurious to the consuming classes
in every other country but this II would induce an
expectation Of grain from the countries the continent
reduce their home supplies and advance prices The
of these countries would be compelled to
prohibit the shipments of grain to prevent greater
evil at home than the supplies sent to Great Britain
would alleviate. The press of Ireland is very bitter in
its denuncations of the Ministry, and is unanimous in
predictions Of dosution, bordering on famine The
ports will not be opened until the latest moment but the
OF the deficiency in the supply of food Is such
that the alternative must be submitted TO.
The returns of the Bank of England, for the week
ending the 9th of November show an increase in tho
Issues, compared with the previous weekly report The
notes had increased 6a5O hch had been Produced by
increase Of s373, of the gold coin gold bullion
and the abstraction Of 1891 Of silver bullion.
On the debit side of the banking department the Rest
had increased 1871 the public deposte had Increased
$50 G73L the private other deposits had increased
81 506 and the day and other bills had increased
IS 9l5, making the total of the liabilities 80 3o5 1891
On tho credit side the Gov securities remain.
625l had increased 27 05l and the gold and
silver coin had decreased 97s4at, which eqazed the
account.
The bullion in both departments OF the Bank had de
creased 62O04 being the difference between 10 $751;
Oial and i3 7aa oisi
Tho paper in actual circulation, including the seven
day and other bills, 81 so7 os5 sgans ~ 7a5
being a decrease Of ass 1901