New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1847-11-10
Commercial Review.
From wilmer & smiths European Tme'.

a. f;s,nool Commercial Body for relief from the
Government has been met with the most earnest
expression Of sympathy, but, up to this moment
the chief members Of the Administration seem I
either memorable 70 all complaint, or totally I'M
equal 10 the task Of providing remedy
Every day the mischief is sPreading Mills are /
.toooed. thousands thrown out Of employ, and the /
,ota absence of all dealing in trade render the sale
of goods 10 any extent altogether impossible. In
this state Of things all our reports must necessarily
he one unvaryine tone Of most melancholy and
desponding character
The Corn market since the 10Th instant has re
manned without any striking TACT 10 report. Inc
arrivals Of all kinds Of grain have been Moderate
but the demand has also been but trfng and 70
have effected sales Of any but choice qualities oil
both English and foreign a reduction OF prices must
have been submitted 70. Holders however sho"
no dispo.tion to force sales All clamor about the
potato disease appears 70 have subsidized for the
present.
The accounts from the Mediterranean and from
the BLACK Sea describe the markets generally as
tolersbly sustained. Several failures OF considera-
HE extent have been reported at Venice arising
from transactions in grain, but the names have not
reached u.s. In Liverpool our Corn market yester-
dav for the better qualities Of Wheat and Flour
was steady, while the inferior descriptions slight
" receded from our last quotations.
In Cured Provisions there is very little doing
both here and in London so that the quotations
, last given remain unaltered but we must ADVISE
that they can be considered in other light than
nominal the late trarss ctions being limited 20
very few retail sales--in TACT the market TOT iof'
eien Provisions nay be considered at complete
stand
The transactions in Cotton since our last publ
cation have been very limited, and prices receded
from ID to Id indeed, no improvement can be ex-
pected until the money market IS less stringent
and the demand for manufactured goods Increases
Today the transactions are estimated at 1000
bales. the market closing with dull aspect
Since the departure Of the Caledonia the Sugar
market has experienced farther decline AT the
pubic heavy sales Of the 18th inst when large
ouaptites of Mauritius was again pressed upon The
market a reduction of from cd to Is could alone IN
duce BUYERS to purchase. small portion OF East
India. out Of large quantity put up, IN the Ike
manner only found buyers at the same decline.
Yesterday. however, the sales OF 900 bags and
900 casks Mauritius went off with more spirit, and
WbO.h
This react ion gave greater confidence TO the deal
ers and II is not improbable that prices OF Sugar
NAV have reached their lowest point, inssmuch as
although urge supplies will be coming forward the
withdraw ! of capital and of the mercantile iachl-
ties for sbi pping produce must be extensively cur
,silad and in due time these causes cannot fail 70
have their inevitable effects upon the quantities
rails ed =
A Sounder system Of trade will be productive Of
sreat benefit the industrious planter trading upon
bis own small but suihcentcapital But While TINS,
we hone will be the ultimate result, IN the present
critical state OF trade IL would be premature conf
IDENTIFY TO state that prices will yet be farther de-
pressed.
In Coffee We have no particular feature 10 de-
scribe The public sales OF the article nave been
almost suspended and, as the sales by private
treaty have been generally effected by holders VINO
reouire ready funds il is difficult TO make any cor
rect ouotatons of prices IL Is quite Impossible 70
dispose Of large parce Is without submitting 20 lower
rates The consumption Is small, and Ceyion 10
terieres greatly with West lndia. being mu9 q
lower. At public sale yesterday l'5 bags OF b r
were taken in st 55s TO SIS. for middlng colory
! being above their value
Tes has farther declined during the week. Mer
chants being still anxious 20 realize and pressing
| their stocks upon the market, farther depression
! of I'd. TO Id on Congou has been submitted 10 Pm
/ ces within a month have fallen penny Tor com
mon and midding kinds OF black, 20 10 Sd Tor good
fine. Id. for common green, and "a. - 40 Tor the
! better descriptions
TIE accounts from all the Manufacturing districts
| continue ss gloomy as ever. and during the week
some farther failures have taken place at Manches-
! ter which tend 20 keep the manufacturers IN q
state of great suspense. Renewed efforts hsse
| be en- made during the last ew days by various
parties 70 purchase cheap lots Tor present cash
but we believe, with very little success, the msn'
ufacturers being generally very hrm IN prices not
withdrawing the decline IN cotton
The mills at Ashton under Lyme are all or nearly
| all standing the men have refused 70 submit 10
| the reduction Of wages proposed by their employ
ers Some additional mills have also stopped or
are about 70 stop at Blackburn bat we do not
hear ANYTHING 10 induce US to believe that gener-
Al suspension of labor in al the factories OF the
district is probable. Equally discouraging are me
| reports from Bradford, Leicester, Nottingham &c
The Money market since Tuesday last has con
timed in the same agitated state, without how
ever any farther material decline in prices Con
sol. for money opened on that day AZ about ~ 4
and having declined about onehai per cent raj
lied again to 7si and finally left oil al ia to l. This
range OF prices, allowing Tor the usual enec,s o.
anv roouentary intelligence. has been the daily
/ course of the proceedings throughout the week
After the heavy fall Of Public Securities the ten
dencv is now apparently upward owing 70 the NJ
merous small depostors who have beeR tempted
. by the low prices 70 make their investments IN
Government Securities. The Bank, however hav-
ing rendered assistance 20 several mercantile
r houses in loans Of stock which has been immedi'
, ately thrown upon the market these sales account
for the striking fall Of prices which has taken place
Notwithstanding this course the Bank accounts
still exhibit sn unfavorabe appearance.
The bullion in both departments has decreased
about E2I $780, the paper circulation has increased
t75s s32: the rest has decreased 15s2lso, while
the other securities have decreased %2,fillI-
. Our sdvices from London represent the pressure
for private discounts yesterday as greater than AZ
any former period. Stocks, however do not tiuctu-
ate so much IS on previous days
Consos opened at 7sl to Tor money, being =
.liyh, decline upon the closing prices OF yesterday,
advanced TO sol. receded Agsin to lsi' and closed
81 7ei 70 IA. For the account the hrsi Price was
70: 10 Sol. and after ascending 70 sof they leit on
At sof 70 t. al,
The business in the Foreign Stock Market s'ill
continues limited. Some rise took place day or