The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-09-20

ever, maintained with remarkable frmness and
a fair al16hnt Of business has been done IL
must, notwithstanding, be confessed that business
wears a gloomy aspect in the manufacturing us
tricts with little promise of reaction until money
becomes more easily obtainable.
THE PROVISIONS MARKET.
Beef prime mess, per fierce, new, 9Os a 92s
Sd: ordinary SIS SIS; mess, per barrel, Dos
52s Sd: ordinary 42s a AS; extra, India, per
fierce. zoos HOS; pork, prime mess, new, per
barrel, 65s 70s; old, 55s Cos; mess, 63s 74s;
prime, 4Ss 55s; hams, smoked and dry, in can
vass, per cwt., 20s Cos; in casks, 25s 40s ba-
CON- dried and smoked, old, 35s 4Os per cwt;
long middle, 40s 63s; shoulders, 30s SIS Cd;
cheese, fine, per cwt, SIS 55s; middling, 46s
49s; ordinary, 2ls AS; tongues, OK, in pickle,
per dozen, lbs 20s; pigs, per cwt, 25s 35s.
THE METAL MARKET.
British bar, per ton 60 Ga 60 10; rods ElO S;
hoops Ell 10 Ell Is; sheets Ell 10 ELI Is;
cargo in Wales, bars Es 10 f8 Is; Scotch pig,
Nos liz, and 8, "a Lead, U. s., in bond,
ELS 10 fl6 10. Tin plates, J C, best charcoals
30s 36s.
MISCELLANEOUS MARKETS.
Turpentine, rough, duty free per cwt, 7s q 81;
spirits, S9s Ais; rosin, amber, yellow, per cwt,
% Cd a rs Cd. Oils, lard, duty free, per TIM, f3s
a AZ; whale, EGG o. Pitch, per cwt, % Cd
IS Cd. Tar, per barrel, las 16. Lard, fine leaf
in kegs, per cwt, 53s SIS; do in barrels, Sos
SIS; ordinary to middling, Ass 4ss; inferior
and grease, 29s 33s. Linseed cake, per ton, Ell
fs los. Tallow, duty paid, per cwt, AS ATS
Cd. Tobacco, Virginia, from faded TO stemmed,
I'd Cd per pound; Kentucky leaf, gid
n. ad
cwt. Hemp. dew rotted, per ton, f2s E3l;
hacked, EDO f34. Ashes, United States pots,
per cwt, 29s 30; pearls, 33s 34s Seeds, flax,
per hid ABS 46s. Glover 35s 40s; Timothy 2Os
25s. Bark, quercitron, per cwt., New York
and Philadelphia, II los.
The supply of beef has been limited, and prices
are, in consequence, well maintained. Pork
has been dull save for new mess, but the trans
actions have been unusually limited. Tallow
has fuctuated much in value, but the market lie
firm at present quotations.
The stock being light in turpentine, 1000 bbls.
have been sold at from IS. 4d. to 9s., but the
market became heavy, closing at So. 4d. for very
prime quality
Considerable sales of rosin were made at 3s.
per cwt.
Hams have not been in active demand, and
smoked are wholly unsaeable.
There is no American lead in market at pre-.
sent.
FINANCIAL INTELLIGENCE.
1t will be gratifying to know that the drafts of
Prime, Ward & Co., of which acceptance was
on Wednesday definitely refused by Overend,
Quincy g. Co., were on Thursday honored by
that firm, in consequence of the interposition of
the friends of Prime Ward & Co,
Notwithstanding that funds have continued
tolerably steady since the departure of the
last steamer, fearful pressure has been felt
in the money market, deeply affecting, if not en-
tirely paralysing every branch OF trade and
manufactures. This distressing state of relaxed
monetary circulation, has been followed by seve-
raj heavy failures, many of which, from the cha
racter and position of the houses, have spread
the utmost alarm among the whole trading COM
munity.
Whatever may be the immediate causes which
have produce this state of things, the Bank of
England has not escaped its share of blame, and
there will be general despair of amendment
until it displays spirit of improved liberality
and accommodation
The liabilities of the defaulting houses in Lon.
don exceed two millions sterling, while in Man
chester, Glasgow, Dublin, Belfast Cork, and
Limerick, numerous large houses are irretrieva-
bly, gone.
In Liverpool, we have to notice the stoppage of
the houses of Lyons & Finney, [before re-
ported in the Herald,1 and Kirkpatrick
& Co., whose liabilities are stated respectively
at EGG, 900; in addition to which many houses of
lesser note have declared their incapacity to
continue.
Among the manufacturers the difficulty of OBJ
tanning money has been felt with peculiar severi-
ty, and several large mills have been compelled
to stop. Were the evil believed to have reached
its climax, the saDguine might indulge in some
thing like returning confidence. But while i'm
provement seems remote, deeper despair centin-
ues to usurp the place of hopefuness.
The funds opened firmly on Thursday morn
ing, and remained without much alteration, until
the breaking up of the Bank Court" when they
advanced to S7s, at which they stood, until the
announcement made at the breaking up Of the
court, that loans would be granted until the
18th of October, upon Stock Exchequer Bills,
and Bills of Exchange, at the reduced rate OF 5
per cent, had been confirmed by later reports,
and it is hoped that the measure will have
sorle effect in aiding many houses who are
now exposed 10 EMBARRASSMENT, IL may produce
generally useful effect.
Last evening there was an improvement of one
eighth to one-fourth per cent in Consols The
quotations being S7s ! for money, and Ssl to Q
for account.
The reduced three per cents were SO to I, and
the new 81 per cents S9t 500 India Bonds for
flO0O and under were IS. discount. Long an
nuties are 8 a 0 l-l6. Bank stock stands at l96 a
1871.
In foreign stock there is no remarkable fea-
ture. Mexican is stated nominally at 10.
The bullion of the Bank has decreased during
the month ESQ, 6ls, the amount now held being
go, 39,6ls.
The failure Of Grey & Roxburgh, of Green
ock, is just reported. The firm was engaged in
Al. ear,, ttnhar and el,nar txnda md III mir liz