Martinsburg gazette. [volume] (Martinsburg, Va. [W. Va.]) 1833-1855, 1846-01-29

and Cotton Market, &c.
IRON TIE BALTIMORE sus.
We have Just received by special mss
81 niger from Philadelphia copy OF VIII
mer and Smiths European TINS, # Jan.
IA. which was conveyed 70 that ,ity by
our special express from Boston. liayng
oyefiaken he regular mol at Philadelphia
il was brought Oh by SPECIAL messenger
to TINS city.
The great snow at the East rendered
The task Of bringing It on by express a
most orduous one--our messenger how
ever, succ, eded in passing every thing on
the route, and overlook the regular train
of Grey's Ferry, this side Of Philadelphia,
by the most superhuman exertlons.
The steamet was detained by series
Of unlavorable weather, but in the haste
OF putting the news 10 press, we are not
able TO give the particulars.
The amount Of the Information is that
Lord John Russell sought to form MN
lstry of Wing members opposed TO the
Corn laws, but in looking about he found
himself wholly unable to obtain support,
and was compelled to request The Queen
of England to restore the direction of the
Government TO the hands Of Sir Robert
Peel. This was done a. once, and SIR
Robert assumes the Premiership with
many of his Ole colleagues.
The change in the affairs may be re-
gnrded as favorable TO the cause of peace,
inssmuch as every man OF Lord John
Russel's ministry, supposed to be host lie
to this country, has retired The news is,
therefore, decidedly pacific, and the char
acter OF the commercial news shew il to
be so. We refer our readers to the COM
mercial and money markets.
The news may therefore be ccndsider-
ed as favorable to an amicable settlement
of the difficulties between this country
and England, as we'll as to modification,
if no, a repeal of tho Corn Laws. The
old Peel ministry Is, we believe, not 10
be entirely feins:ated, but an effort has
been made so to form it as TO produce har-
mony in the settlement Of the various do
f nestle and foreign difficulties with which
the Government is surrounded.
The Presidents Message was received
in London OH the ga December. and ap.
peared in the Times on the 23d. The
existing domestic events had somewhat
diminished the interest which would 9th
erwse have been exhibited in regard to
the mt ssage. The general feeling exh.
bled by the press is pacific, and especial
satisfaction is expressed at the free trade
principles Of the message, the consequent
ces of which are looked 10 as counter
poise to the claims made III regard to Or.
egon.
The most important piece OF intelli.
gence is the re-esta blisnment of the Peel
Ministry, after an entire failure Of Lord
John Russell to form one. On the goth
December he went to Windsor and in
formed the Queen that he was unable to
overcome tho difficulties in arranging
Ministry, and he resigned into her hands
the trust he had accepted. SIR Robert
Peel was theL Immediately sent for, and
at the request of the Queen he withdrew
the resignation which he had previously
rendered. His example was followed by
all the members OF the late Admlnistra
ton, with three or four exceptions. Lord
Warnclife (who inrhe meantime sudden.
ly died., Is succeeded in the Presidency
of the Council by the Duke of Buccleueh.
Lord Stanley is succeeded in the office
of Prnclpal Secretary of State, in charge
of the War and Colonial Department, by
the Right Hon. William Ewart Gladstone.
With regard to the Flour Markets IN
England, the monthly circulars states
tina, "at presen, current prices, ruinous
loss must attend an importation Of Flour
from the United States"
There had been remark bile steadi
ness in tho price Of cotton through the
month of December, and to the last date.
The average quantity OF cotton per week,
delivered for consumption in Liverpool
during the year lS45, was 1887 bales,
against 25, 237, the average weekly de.
livery of the preceding year. The total
consumption OF England aud Scotland in
ls45, was l,374 400 bales or 80, 277 per
week. The quantity remaining on hand
at all the ports, Jan. l, 1916, was ,060,.
400 bales; and the estimated quantity in
addition in DEALERS and spinners' hands
was lS5. 600 bales.
Trade in some Of the manufacturing
ulstflclS mas SiRullY lWPIONeu'
The alarm excited respecting famine
IS subsdiug.
The Money Market Is easier. and wild
speculations in railways have almost en-.
tirely ceased. The Funds have risen al
least three per cent from the point at
which they stood before the Ministerial
breakup. The rate of interest IS higher
IRON 81 to per cent. for first rate pa
per.
The Wool trade is principally interest
ing 10 the United States from the fact,
that the past is the first year wnen that
staple has been sent to Eng and for sale.
Il seems that since this branch of COM
merce opened, $500 bales of American
Wool have been received at Liverpool
Some faults is found with the mode OF
preparation and the selections hut the
+ experiment, as far as it has gone, Is sue
) cessfuI and, with ordinary care, may
be swelled into an important article OF
consumption. There seems to exist a
! pre-dsposiIion, on the part Of the trade,
10 give the article a fair trial and fthe