Weekly national intelligencer., 1847-06-05
THE HIBERNIAs COMMERCIAL NEWS.

count Of the commercial news brought to Boston
by the steamship Hibernia. Her dates from Lon
don and Liverpool are down to the 10Th ultimo:
The cotton trade has suffered severely from the pressure
which has prevailed in the monetary circles better feel
ing has, however, begun to manifest ITSELF and prices have
an advancing tendency.
The sales of the fortnight ending May Nth 1880
bales. Of this quantity 100 American were taken spe
culaton, 800 American for export During the Of
the week ending May 18th further decline of eighth Of
penny per pound accepted by holders of American de-
scrptions.
The smaness the stocks of grain all over Europe and
the consequent scarcity OF provisions and felt
and high prices previously further and important
advance has taken place in the value Of beadstu well
Britain in many Of the continental ports, within the
last fortnight
The belief that there is enough in the kingdom last
I'LL next harvest and the doubt generally entertained whether
enough will arrive from foreign countries to make up for the
home deficiency have been the Of the late advance
Wheat has, however, now reached SO high point to
put beyond the reach Of the poorer classes greatly
acted consumption must therefore follow and this may per-
haps be the of staying any further immediate rise in
the value Canadian red wheat 3s Cd to IDS white do
l4s to Ids 3D.; prime United States red l3s Cd. Ids
white do. 4s 3d. to l4s 3d. Indian werh sos
Sis. Cd the 4h On the 18th it brought 63s to 66s
sweet flour at 4Os. 4ls per bb, and United States
39s to 4os 3D. Our quotations of the 10th shows rise Of
Is 3D. to s per quarter the former and S. Cd to 9s 3D.
on the latter.
The latest accounts from the continental markets show that
much scarcity prevails in several parts but the navigation
was opened large supplies expected in very short me
whereby the wants of the people those countries would
only be supplied but cargoes would be transported
to those kingdoms.
Accounts from Smyrna, dated April 30th, mention that
grain had further declined in value and that the
from the adjacent localities the subject of the crop
decidedly of greatly allay future anxiety, while
the estimate made Of the quantity available for present
sites exceeded all previous returns.
The market for American cured provisions keeps steady
and there is little nothing of this description arriving
from Ireland the mporaons from the United States in most
instances ready sale. The value of beef pork and
hams is much the last noted. Bacon, however, in
consequence of the scarcity OF supplies, and particularly of
fresh meat which ranges from pence pence per pound
has excellent Demand and the rates current from 2d
to 3D. higher than those last noted OF cheese the arrivals
during the fortnight have been limited prices have
quenty advanced Is per cwt The prices atainable
vary from 42s. to 55s per cw according to the quality
There has been decline of 2s to 3 per in American
aow since the 4th that article 44s to 46s per
cw present there American butter in the market
Inc pressure upon the money market has been more Sc
than has been experienced for years past Matters how
appear be improving during the week ending the
9th there has been increase in the depoes the extent
of five hundred and seventy thousand pounds, while the
rest and the have also increased considerably
The bullion has increased the extent Of quarter of mil
on These favorable circumstances have enabled the bank
to discount freely, bills that have had as much
three months advances made to bankers al
| 81 per cent on promiscuous paper.
The pressure during the last fortnight has been most in
tense, but by extraordinary efforts and sacrifices credit ha
been preserved The position Of affairs this the
ueme pressure is gone, but money still remains extremely
and DEAR far dear for the profitable prosecution
business. There be doubt that the bank stead
y improving position. The present amount Of bullion hel,
by the establishment is estimated by very competent judges
be Ten millions, while the of the bank nearly
fre millions
| FRANCE.
II said in the Chamber Of Peers the 10TH by th
Minister of Commerce and Agriculture that the prospects
the next harvest extremely promising. Nowhstand
ing this prospect the markets continue rise in parts
Of France.
The account of investment by the Emperor of Russia
the English funds produced great sensation in Paris
has deprived the recent investment in the French funds Of its