The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-03-21
MAGNETIC TELEGRAPH.
RRIv AL
OF THE
STEAMSHIP HIBERNIA
B Q s T N.
TWEEN EIGHT DAYS
LATER FROM
E u RO P E.
HIGHLY IMPORTANT
COMMERCIAL INTELLIGENCE.
INACTIVITY In THE COTTON MARKET.
PRICES VERY WEAK.
Loan to the English Government
from Rothschild and Barring.
Tightness In the London Money
Market.
Advance In the Corn Markets.
HIGHLY IMPORTANT
COMMERCIAL INTELLIGENCE,
INACTIVITY IN THE COTTON MARKET.
PRICES VERY WEAK.
Loan to the English Government
from Rothschild and Barring.
Tightness In the London Money
Market.
Advance In the Corn Markets.
80. &c. &c.


The intelligence that the steamship Hibernia
had been telegrlphed at Boston, came over the
lightning line at four O'Clock yesterday afternoon.
She was then some distance from that city.
About halfpast six o'clock she reached her pier
at East Boston. Our special reporter Immediate
ly commenced to telegraph her news to the NesU
York Herald Office.
The intelligence will be found of considerable
interest 1t is to the 4th inst, twenty-eght days
later than any before recs we'd and this length of
time, whether it tell of rise or fall in corn,
cotton, or countries, gives it aspect of no mean
Importance.
1t is annexed
The London money market of the Sd inst was
as folows:-We have had an unsteady market
since our last publication; but tending generally
towards a decline in the price of consos. The
depreciation in exchequer bills has also been
considerable.
This has been partly owing to the continued
demand upon the Treasury for tho relief of Ire
land, and the statement in the budget or Chan.
oellor of the Exchequer's speech, which was read
with great attention, and though alone is never
popular measure.
1t appears to be generally conceded that under
all the circumstances, the course the government
has resolved upon, namely, to take loan OF
&e,0O0, 900, is the very best that could have been
adopted.
The biddings for the loan took place on the LIST
March, at the Treasury, when, as Messrs. Roths-
child and Messrs. Barring Brothers were the only
bidders on time, that We're satisfactory to the
government, the loan was divided between them
as offered, viz; ESQ los. for each hundred pound
3per cent consol. The scrip OF the new loan has
borne II to II premium.
Exchequer bills shillings to s shillings pre-
MUM; India bonds, 9 shings premium; South
Sea stock 1904.
The foreign stock market has not for conside-
rable time past been so dull as during the last
week, transactions having been made on ex-
tremely limited scale.
Since, the fall in consols was about to per
cent, and the latest quotations are e0a to
GOT for present transfer, and 90A to 9Ot for the
next account. Conso Scrip, the new loan, Ii to
II premium, 81 per cent, 922 to 93i, and the per
cents S02 9lA
Quotations of all these securities have at the
same time, however, been unaffected but there
has been no transaction of sufficient weight to
fix prices very decidedly
The following the latest quotations: -
Spanish new per cents, BAY Spanish new per
cents, 2sl; Mexican, %; Portuguese per cents,
"a; Dutch n per cents, $50 to 5ss Dutch per
cents, 92t.
CoTToN.-There has been some revival in the
demand from the trade, with considerable in
auiry from exporters and on speculation, and
the prices generally have been slightly in favor
Of holders; the mauket, however, closes quiet
ly, and no change can be made in the quo
tations of last week At public sale 100
bags of Low Sea Island were offered, but only
20 were sold at II pence to l02 pence. Taken
by spectators, $500 American, 90. for
export, l,200 American, 30 Egyptian, and $50
Surat. The sales for the last week are 26, l40
Report for Feb. 9th, March 3d-The pro.
oeedings during this period have been rather
more active than for some time past. The total
sales are about 1850 bales, a portion of
which was taken by spectators and exporters,
here is not the least change in prices since the
unaltered Cotton, lair bowed Georgia, 81 a 81;
Mobile, 81 to 7; New Orleans, ~.
The trade has been in very Huctuating
condition during the month of February; at
the time Of the sailing of the Cambria, the price
OF wheat continued to give way, coca sionally
rapidly, until from the commencement of the
reaction-the reduction amounted altogether TO
about eight shilngs to ten shillings per quarter !;
and -four seven shillngs or eight shillings perlbar
rel II might be that this decline, under the
actual position of supply and demand, was too
rapid, or commenced too early, or that the nature
of the discussions in Parliament renewed the
confidence Of helders and warned the fears OF
buyers. Towards the middle Of the last month,
renewed confidence was observable, and buyer,
f..s., Txoia
heavily.
In consequence, since the upward move agar
commenced, there has been an advance on whea
of I'd to Cd per 10 pounds, and in hour OF abou
ss Sd per barrel. Oats and oatmeal remain