Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1846-01-30
: FOREIGN NEWS.
ARRIVAL OF THE HlBERNIA

Lcdt. sec duNcIIiScINGut
emil FOREIGN NEWS.
i>~a ARRIVAL OF THE HIBERNIA.
The anxiously looked for steamer has a.
last arrived. The Hibernia reached Bostoss
on Friday the 23d instant, bringing Liverpool
dates up TO the 4th instant. ..., ii. ~
The intelligence which the Hibernia brines
| is decidedly pacific in its tone.
The Presidents Message had arrived, and
had not produced such an effect as was antiei-
pated by some Of the presses on this side Of
the Atlantic. The English papers, with few
exceptions, strongly advocate the peaceful
settlement Of the Oregon question, and seem
to think that there is no fear Of resort to arms.
The principal item of news which we
ceive by the Hibernia, is the failure OF Lord
John Russell to form Cabinet, and the con-,
sequent recall by the Queen Of Sir Robert
Peel. Lord John Russell endeavored to fern
Cabinet opposed to the corn laws, but utter
ly failed. This is looked upon as favorable
to the continuance Of peaceful relations DO.
tween the United States and England. The
Russell administration, had it gone into oPer-
alton, would have been less likely to settle
the dispute with this country amicably, than
the Peel ministry. There are but few cham
ges in the new Peel Cabinet. None Of the
wings find seat on the ministerial benches.
The money market in London continues
firm, and the commercial news all goes to-
show, that the people Of England, do net sa-
ticipate a war.
Below We give some short extracts from
the English papers. which will shew the e..
feet which the Presidents Message has pro.
| duced:
THE MARKETS.
| LONDON MoNEx MARKET, Jan. 3.-A great
revolution has taken place in the Money market
since we last addressed our American readers.-
During the period of the political movements, wheh
are elsewhere fully detailed, the market has 1ucu-
ated greatly the prospect of Lord John Russell
taking Office whilst, as was generally believed, no
was not strong enough for the place." caused ..
considerable decline, Consols having at one time
reached 92A to 90. The return of Sir Robert Peel
to office had at a striking effect upon prices
la rapid rise gradually took place upon the ina
hility of Lord John Russell to form adn'inistra
ton being made known-the latest quotations Of
Consols became three per cent higher than thoes
Immediately preceding that event, with an i'm
mense amount of business doing, shows that his
return has been looked to most auspiciously BY
the moaied interests Of the country. The Amer
lean Presidents Message, which was looked to with
some anxiety, produced i'll effect on the market.
1t is varously vowed by different parties; but,
the whole. is considered favorable to the pacific
settlement Of the negotiations pending on the Ore
gon territory, and with regard to a revision Of
the tariff, it cannot but act favorably British in
lterests. -S -e~
REPORT FOR THE WEEK ENDING December &c
The long expected document of the Presidents
Message has had little or no effect on our Cotton
market. Although this important paper may be
said to preserve the lofty tone that was expected
from it, there is much in favor Of interests of
peace and Cancellation rising mp in both countries
that the public to regard the issue Of the dis
tppted point with the best hopes Of an adjustment
The agitations in the cabinet to the government
of this country, ha ing III some measure subsidized
the public securities have been favorably effected
There is also less alarm prevailing about the po-
tatoe crop and the famine question generaiIy.-
These together have given better feeling to the
manufacturing interests of Lancashire. aad We
have therefore, in our cotton market, without ex-
periencing any actual advance in our quotations of
n prices, some still look with much interest to tho
reports of the crop in the United States On this
point there is nothing new, and we can therefore
merely repeat our opinion, stated in circular
Of Friday last namely, that it will probably prove
equal to the crop of last year. but Gar - regards
b New Orleans, of much better quality. 1900
American have been taken speculation, and 1000
for export. The sales of this day are 1000 bags.
The sales for the week are q, $40 bales. 500
: Ii will be seen from these extracts, that the
people Of England do not think the Message
of Mr.. Polk so beltigerent a. some of our
/ Federal papers would have Us 10 believe. We
: have all along predicted that war would not
y grow out Of the Oregon question. In this be-
. lief, we are strengthened BY the news from
u England. That country knows too well wha,
> her interests are, and the consequences which
70 would flow from war with the u. Statss.-
re She will not 60 to war if she can help it,
e. We therefore anticipate that the question will
g be settled amicably before many months have
u passed, and then what will the wings do fo
$ this war panic. 80 5s5 = S1-.*
q MrssIssrrrI SESarons.-We perceive from
the Yicksburg Sentinel, that Gen. Foote has bee,
10 elected by the Legislature of mississippi TO repre-
sent that State son the floor Of the Senate of hi
United States for six years, to commence after tn
Q