The Democratic pioneer. [volume] (Upper Sandusky, Ohio) 1845-1853, 1847-05-28
PhHadtlhta, May II. le47.

e ii o'clock, p. NJ,
CoTroN.--Prices on the sailing Of III,
caledonia lad downward tendency.--
Since her departure there had been
further decline, and the markets lad be,
come fat. The number Of sales lad be.
come less, and spectators were not ore
rating The prominent canse for tins
was owing 10 the stringent measures
adopted by the Bank of Eoeland, an in.
crease in the rate Of interest, aud the ,e-
fusal to indorse bIls Of the Grst houses ia
England which wero said TO bo engaged
10 sprculating in and shippiag gold to the
United States.
The prices Of American Cotton had de-
.clined, from the 10th to the 22d ultimo, l
teal per 10. Egyptian aud Sarai TO a.
and al the closeof the week ending on the
Goth, further reduction follow ed OF 10
I'd. on American aud all other descrip.
ticns.
On the following day, better accounts
we're received from London respecting
the state Of the money market, which
gave sn-impfoved tone 10 that ofCotton a,
Liverpool; and the sales Of that date
amounted TO about 5000 bales Of Ameri.,
can, at an advance Of to IL. which, ow
ing TO s0me speculation yesterday. de
clined TO about 1910 bales, .t. he curren.
cy Of saturday, aud the msrke, was free
Of fspeculation.
Wenow quote fair 10 good lair bowed
Georgia at 6i to ID. Mobile 6i o7a.
Grain aud Fiour.-There has been some
finctnaiion in the price Of grain and fl9nr
during the month; but prices had settled
down at 40s. for Western Canal; Ameri.
can Red Wheat los. Cd. to lis. 81. White
l2s. 3D.. per bushel. Iodian Corn fwhitel
81 TO 52s. Yellow SO 10 80 shilings.
During the last day or two, wheat ad
vanced ID. per 20 lbs Wee,erp Flour Is.
per bbl., and Philadelphia and Baltimore
Flour 60. 10 the Liverpool market.
The demand, how ever, continued 10 be
limited, and the price of both White and
Yellow Corn declined Is per 4S0 pounds
until the Sd instant, when there wac an.
other advance.
Al this date, foreign Wheat obtained
an advance Of d. per quarter; the Flour
trade became very active; and rise Of
2s per barrel was established, while In.
dian Corn was sold at Sc 10 59s for Vel.
low, and 5s to 6os for White.
The continued arrivals Of graio, -four,
previsiona, &c. from this country, for the
sufrereres in Scotland and Ireland, was
the universal theme of eology in boil.
countries, and was exciting the expires
sion Of generous sympathy in England.
The money market. during the last
quarter, had continued, without intorrup>
tion, to maintain tendency to great de-
preston. Bullion was continually disap
pearing with great rapidity.
The Directors OF lie Bank Of Eugiand
had become more Stringent than ever upon
the face oftteir transactions; though they
have made no public alteration in their
terms Of discount.
They have, however, done that which
bss operated on mercantile business with
muchmore severity. They have actually !
declined to discount at alt: while the
Brokers are charging 6s per cent for
bills running till July.
The effect Of this state Of things has
been almost TO put stop 10 business
Transactions Of any magnitude. During
the last few days, however, the Bank has
discounted more freely.
Cousols have rallied little. This i'm
proved feeling has been streng hened by
erpment had resolved TO invest upwards
Of 1900. 600 sterling Of its gold in the
English fund.-.
Still The severity fthe pressure is onl,
psrtislls relieved; and il is evident thar,
for scme time TO come, we can only ex
pecta very stringent condition Of the
To day the effect of the investment of
Russian gold has been coun,erao,ed b,
,thc receipt of advices from the Continent,
which have had the effect Of raising the
prices Of grain prodigiously.
The trifipg stsgnation oftrade in the
manufacturing districts bs. also had i,s
effect.
Consols declined per cent, at the COM
mencsmeut Of the day; and the markets
closed heavily.
The Accident.
An impression hes gone abroad that