The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-11-21
IMPROVEMENT In THE CORN MARKET
The FINANCIAL PRESSURE.
The Efforts Of the British Government Il
Relieve the Commercial Community.
MOVEMENTS OF THE BANK OF ENGLAND.
More Failure
Fall in Cotton,
&c. &c. &c,

| Oh OV1sVAe
&c. Sc &c.
The follow ing announcement reached the NttO
York Herald office at past 10 O'Clock yesterday
morning -
BosToN, Nov. 20-lO 80 A. M
The steamer Acadia is just telegraphed. She is IS
miles distant from the city She will be up at about
lsO p. M.
The Acadia reached Boston at J past O'Clock,
and our special agent Immediately commenced
flashing the news over the lightning line to the
Herald.
The advices from London are to the 3d. and
from Liverpool to the 18th inst inclusive
The English Parliament would assemble on the
18th inst, for the despatch of business.
The India mail had arrived. Accounts said
to be good.
Money was easier at Stock Exchange, London,
at the latest advices; worth say per cent.
The Popes rescript had been received, con-
demning the proposed Roman Catholic Provin-
cial Colleges for Ireland. A feeling of universal
sorrow and disappointment had been caused
by it.
The Catholic Bishops of Ireland had address
ed the Lord Lieutenant on the certain recur-
renee of the famine with the approaching win
ter. He promised that government would inter-
fere for the preservation of human life.
| The affairs of Switzerland are fast approach.
ing a crisis. The belligerent forces are in view
of each other, and hostlities appear to be inevi-
| table.
A reconciliation has taken place between the
| Queen of Spain and her husband. The late Minis
ter of Finance, Senior Salamanca, is charged
with fraudulent issue of bonds. to the extent
| of 100, OO0, 900 reals.
The affairs of Italy arc not yet satisfactorily
| adjusted. The Emperor of Austria continues
obstinate, but does not seem disposed to take
any aggressive steps
| The Hibernia arrived on the morning of the
18th ult., after run of liz days from Boston.
The Duchess de Orleans reached Havre on the
26th The Sarah Sands, Oxford, and Washing
ton Irving, arrived at Liverpool on the 22d, and
the Henry Clay on the oath ult. Sailed, on the
22d, Liberty; 26th, Patrick Henry; 2Sth, Ambas-
sader 3lst, St. Patrick and Webster. The
Sarah Sands will not sail until January.
The number Of commercial bills due and pay
able to the Bank of France, on the Both ult., was
80 great that it became necessary to employ adj
dtional collecting clerks-a fact unprecedented
in the annals of that establishment.
During the 10Th and 30th ut., the Bank of
France issued bank notes of the value of 200 f.
each, to the amount of fifteen millions. 1t ap-
| pears, further, that the bank proposes to issue
| similar notes to the amount of twenty-five mil
| lions
1t is reported that the French government will,
during the next session, bring in q bill to repeal
the law which excludes the Bonaparte family
from that country
The French steamer Union met with two
we're gales, and burst her boiler, off the Azores,
on her last passage home. See ship news.
The Mcssrs. BarinR's Circular.
LONDON, Wednesday, Nov. 8, ls47.-Confrming
last reports OF the 18th ut have to inform you
that under the express sanction Of the government and
with view to relieve the existing PRESSURE the Bank Of
England on the 25th of October issued the following
notice -
Resolved That the minimum of discount bills
that advances be made bills Of exchange stock
cheque and other approved securities In sums of not
less than $4,000 and for periods to be fixed by the
governors, at the rate of per cent. per annum.
This virtual abrogation of the bank act Of 1884, must
Of course receive the assent of Parliament which
pointed to meet on theilsth inst In the mean time
there slight symptoms Of returning confidence,
without however, perceptble effect on the produce
markets. where prices generally remain improve
| ment.
| The overland mail, which was to leave BOMBAY on
the LIST October, has not yet arrived.
Our last dates are, Bombay 18th September Calcutta
7th September and Hong Kong, 25th August. At Cal
cutts money easier exchange ruling from Is lid to
Is IId per rupee reighs had declined to fs per
ton At Canton, Is 31d to is Id per dollar the
| prevailing rates.
AshesOur stock is reduced to l9l bbls Canada alone
We quote Pots and resrls 3s but with fresh sup
plies these prices must not be relied In Brandes
We have alteration to notice Cocoa Brazil lie quoted
nomnay rs to 39s West India sorts about % cheap
er, some Trinidad having realized from 42s to 46s
for ordinary grey TO good red CopperSheathing con-
hnues firm at lid per pound for 10 OF and upward
Cochinealsnce last 44O bags Honduras have been
sd from 3s Cd TO SIS I'd for silver and I'd to sd for
black, establishing further decline of fully Id per h.
Present stock ALSO bags against bags period
last year. Coffee remains neglected Yesterday, how
ever 5000 bags Costa RIGA offered at auction and
all found buyers at to Is decline prices ruling from
~ to 29s for ordinary to good ordinary and from
SOS for fine fine ordinary to fine Native Ceyon brings
80 to as and Plantation ranges from "a So Os really
nue being very scarce. In export kinds nothing done
and in all the continental markets dullness prevails 49,
The meut of tho government measure caused
an improved feeling in the Liverpool Cotton Market
and prices recovered somewhat Of their previous de-
pr ssion; but the advces per Hibernia, received
the 2sth ut being deemed favorable for the crop
slight reaction occurred and the market has been dull
since In the manufacturing DISTRICTS trade is much de-
pressed and the number of operatives out Of employ Is
we regret to say increasing weekly The corn trade is
rather hrmer as owing to the favorable season. the at
tenon Of farmers has been engrossed in the field and
the receipts Of home wheat have been small ia conss
quenoe We may now soon look, however for abundant