The New York herald., 1846-06-03

BY the Great Wss's,n, all, viii cut doubt errtrrce
passage II Is impossible to prophecy what will be the
effect Of the passage and adoption of this bill upon the
Corn markets Of Great Britain The immense quantity
OF foreign -four and grain locked up bond In the pr
cipsl ports Of the United Kingdom ready be forced
upon the market the moment the existing restrictions
are removed, will, undoubtedly produce dspres-
sion in prices, but whether that depression will
be temporary or permanent, 1t is impossible to
tell; yet our impression is that II will be permanent
ana that lower prices for breadstus will rule in the
corn markets Of Great Britain than have realized
years, II not lower than experienced.
we know Of nothing that can be improved much by
the complsxon ofths foreign news but cotton and In
dian corn Flour must decline. We no possibility
oiPrevenung IT, In anticipation Of tho passage Of the
oon p hs market Tor Hour has been heavy and prices
tending downwards; and the passage of the bill being
placed beyond doubt it will bo extremely difficult
to sustain present quotations. 1t was estimated that
there were 100000 barrels Of foreign -four in bond in
British waitng the removal Of restrictions the old
corn laws placed upon Its entry This immense quantity
will be released the moment the bill becomes law
and the markets flooded with supplies In the face Of
this the harvosts Of Great Britain distant and
the accounts from the principal agricultural districts in
relation to the growing crop, Of the most favorable
character Unless something should happen to destroy
the hopes Of the farmer and inure the growing grain
both In this country and in Europe the production this
year will be immense and prices must reach very low
point. We have, however, doubt but that large
shipments of -four will be made from this country TO
Great Britain home account on speculation as mar.
kes must be found somewhere for the large surplus
now have and are likely to have after the crop
in A very great decline in prices here would make
shipments atfhe bottom Of the market pay; but they
must be made at large per cent below present quo
tations.
The return from the Bank Of England for tho week
ending the 9th of May gives the following results whom
compared with the return of the previous woek
Public deposits, Ca, ,03l, ,375 increase fa52 a24
Other deposits. ..l6256,62o decrease. 623 s54
On the other side Of the account -
government securities, fl3o decrease f2sO 900
Other securities,. .H,734,o25 decrease, l67l23
NOTES unemployed. $3.50, ,405 increase, 427 935
The amount of notes in circulation was f2o 4os 500
being decrease Of f255235 and the total stock Of bull
lion in both departments l02 showing an in
crease of fA6 $685. when compared with the preceding
return.
The "rest. shows an increase Of fs,744 during the
same period
The returns Of circulation of the Irish and Scotch
Banks for the four weeks ending April 2sth ls45 and
ls46 give the annexed average weekly circulation for
the month -
:, CrKcvLArios THE IRISH scorcH BANKS
April 18Th lsa5. 1896 Inc.
the irish Banks. :47Osa,ssl S7,s7a.sas fsissss
the Scotch Banks. s.ool.a.o a.oss.su as.o11
IN, !Ss month .ssh .slo,osssi xiossss.o sn7ss
recent act.. --- 9,Al,I03
Excess Of circulation 9
above the hxed issue. El 226,9T
This excess Of circulation over the fixed issues. is
based on the amounts Of gold and silver coin held by the
several banks, which, during the month ending April
25, 1876, appear to have been as follows
Gold and silver coin held by the Irish banks f25266l3
Gold and silver coin held by the Scotch banks, 273i4
Total Of gold and silver coin. ga 1927
Being decrease of f4l,545 the part Of the Irish
banks and decrease Of $50 the part of the Scotch
banks from the several amounts held by them during
the preceding month. The stock of specie held by the
banks will allow their issuing to the extent Of 426
800 above the amount Of notes circulation in Irelaa
and Scotland on the 25th Of April.
The Committee Railroads in the Connecticut
House Of Representatives have reported resolutions
ceptng the provisions Of the New York Legislature,
authorizing the extension OF the New York and Now
Haven Railroad, and extending the time for expendng
100000 on the road two The resolutions passed.
and the report accepted This road when finished,
will connect with the Harlem, at Williams
Bridge and thus this city with the numerous
lines Of New England railways. In hc Of time
another connection will be mado via Danbury and Hart
ford and eventually another the junction Of the West
and Berkshire roads
We would recommend to the new board of directors Of
the Harlem Railroad the policy Of extending their road
east, instead of running north. The people of Albany
and vicinity have made great efforts to obtain charter
for river road, and have succeeded in getting one
through the Legislature, thereby establishing prece-
dent that will be of incalcuabe injury these works OF
internal improvement; and the best thing they do
is to 60 to and build their road. We want
beginning made, and wish to the thing
pushed rapidly through to completion. The river
shut out from this market about ninety days each
year, and is highly important that the road intended to
do away with that temporary embargo should be
structed speedily possible. We those capita
lists whose occupied such prominent position
the petition for the river road, will come forward
promptly and literally, and carry out the promises
they made freely before the charter was obtained
We have repeatedly deprecated the principle granting
charters to railroad companies, without requiring a
guaranty in the shape Of deposits similar the system
established in Great Britain, and we hope this will
not make another in the long list Of lines con-
templated the charters Of which are dead
letter The Hudson River Railroad Company char
tered for the purpose, reported Of connecting New
York and Albany and trust that those interested will
not fail in completing what they forward in pro-
missing. Those who not satisfied with the progress
made by the Harlem Company in connecting the two
cties-Albany and New York-by railroad will, we
fear, look in vain for speedy connection by this
new company. If we might venture a prediction, it
would be that railroad connection between Albany and
New York will be made by the Harlem Company be
fore the first ten miles of the Hudson River road be
built