Baltimore commercial journal, and Lyford's price-current. [volume] (Baltimore, Md) 1840-1849, 1847-10-23

& Tart Edward Porter s. Co., Fender & Miller,
and f. NJ. Broadhurst.,
In Liverpool we have to notice the suspension of
H. Steele & Co., Lake, Calrow & Co, ]. & NJ. Muir
ray, William Anterior, Watson, Brothers & Cow.
& J. Tomnson and f. & p. Parry, whose Liabilities
are estimated at upward of million sterIing-sx or
seven houses in Glasgow, including the firm of Reid,
Robertson & Co., have yielded to the pressure, the
last named Of which chiefly falls upon Manchester.
An earlier failure, omitted to be noticed, is that of
Allison, Cumbcrlcgc & Co., whose liabilities reach
5000 900, and have also to add the suspension Of
F.. NJ. Cooper & Co. and f. II. Glover.
During the whole Of the past week the English
funds underwent remarkable fluctuation. Thursday
was one Of the heaviest days that have been expert
enccd. On Friday it was announced that the Bank
OF England would for the present discontinue alto
gethcr its advances stock and Exchcquer bills the
rate of which had the day before been raised from
10 D. per cent, and intimation given that the
rate Of discount for first class paper would hcnccforth
be s. per cent. for bills not having than fifteen
days to run, per cent. for bills Of not than two
months, and g. for all beyond that period decline
was the immediate consequence, and the market
closed heavily. On Saturday considerable anxiety
was manifested, which gradually away towards
the close, no failure Of any Importance being
nounc"d. Up 10 two O'Clock yesterday, matters had
been in very uneasy state.
For money, consols commenced at S47, after which
sales effected at S2}: for account, the highest
price after opening was So, and subsequently, So.
Foreign securities had diminished in value, and
very small amount Of business has been transacted
PosTscRIPT, , o'cocl.-Ths days Corn market
displays considerable, though unlocked for, activity,
and prices up to this moment show decided ten
dency TO ascend. Some Western Flour has already
been sold at 2Ss. per bril- Wheat is also firm; Indian
Corn is in demand at an advance.
EUROPEAN CORN TRADE.
I>ondOn.-At Mark lane, on Monday the Dist the
market was active, and Wheat advanced from IS. 10
As per quarter the currency of the previous Mon
day the l4th, which advance of Is. to IS. on
the quotations %lvcn in our last paper. There
large show of foreign Wheat and fair business
done at corresponding rise in price. Sack Flour
was from Is. to IS higher and barrcllcd from Is to
2s.; in other articles of grain the market was mac
tive, and prices remained at quotations of the 9th
ult. On the next market dav, the 3d. the transact
tons IN Wheat, Flour, Indian Corn, was extremely
limited, and prices generally had declining cndcn
cy. This anticipated decline followed on the 25th,
when there fall of from Is. to IS. per quarter
on Wheat. Town-madc Flour and Indian Corn
maintained their prices; but barreed Flour was
heavy and the article could be purchased at from Is
3D. TO Is per barrel lower than at the current rates
obtained on the Dist On the next market day, Mon
day the 9th the arrivals of foreign Wheat con-
siderable. OF old English there only modcr-
ate supply at that days market which could not be
cleared off without reduction Of 5s per quarter
the prices of the Dist being submitted to- In foreign
the price rcccdcd from 3s to As. and Flour also
lower, both town-madc and forcign but the latter
was in good demand, and going rapidly into consump
ton, particularly in the northern markets. Indian
Corn is held firmly, but do not hear Of any trans
actons this article, however realised higher pri-
ccs in most of the Irish ports and meets a more cx-
tensivc sale. On the Doth, the arrivals of homegrown
Wheat were very large, the demand heavy, and
prices still having a downward tendency. Upwards
of 20 900 quarters of foreign Wheat reached London
since the 25h, large portion of which was on that
days market for sale the transactions were heavy
and prices nominal The demand for all descriptions
OF Grain and Grain Produce on the 1st was limited
but firm prices paid. Yesterday (Oct ~
English Wheat was in good demand and prices were
from IS. 10 IS higher than the 9th ult. Foreign
met good demand at full last weeks prices. Flour
was also quite as dear, and in better request. There
was hardly much doing in Indian Corn, but holders
insisted upon late rates.
Lir9poOl.-During the interval that has elapsed
since publication of the 10Th ult there has been
temporary reaction in the market and up till the 9th
prices had advancing tendency. Little change
English old Wheat not rcalisng more than 9s i'd.
were sold at SIS. Id to SIS. Cd. Flour although in
per barrel, but Indian Corn sold at 3js to 36s per
quarter. From and after the oath, the market has
again been reccdng; and at the market held the
2Sth, English and Irish new Wheat were Is, and all
kinds of Foreign Cd per 70 h. below the currency of
the 2ls from which, American Flour rcccded IS.
cd. per barrel, and Irish nomnally IS. per sack
Indian Corn continuing to attract fair demand, on
both English and Irish account, fully maintained pre-
vious rates; and Indian Meal remained steady in
value. There was steady demand for Wheat and
Flour the 1st inst, but could note any de-
cline in prices, except Indian Corn, which was rather
and prices very freely supported, with a tendency to