New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1847-08-20
The Decline IN Brcnd-stuGs-The Potato Crop
Peruvian Debt-The Money Panic.
p,~.f,. corrssponde,ce of The Tribune.

FofefQu Correspondence OF trbuDe.
LONDON, August 3, ls47.
The Royal mail steamer CALEDONIA arrived at
Liverpool on Wednesday last, the 2sth ult, and
the papers and letters by her mail were delv-
cred In this metropolis Thursday. The political
news received from America by this arrival was
not looked upon q all Important, but the CONNER
els. ACCOUNTS outstanding the intense excitement
among ali classes Ia the elections, were read with the
deeoest interest The rapidly declining prices oil bread
sus In the American markets alarmed spectators here
sna A Fridays msrket at Mara lane and again at yes
terdsy's regular weekly market prices declined ana
Flour and Wheat now quoted Al a very low nRure
indeed mora shipments can be maze nom me on,eo
States except at worry heavy loss This rapid decline
IL iass ths result that might have been anticipated sew
er.l weeks ago The very abundant and promising aP
ps.r.see Of ss Eassa c,ops ,ns nns 80" !"
foreign Wheat and Flour have eomeinedt 70 bring about
this result II does not however, appear possible foI
prices fs much, II any farther but the markets vii
BE- liable to fucruate from week 10 week
lis remarked that ths commercial sdvices received
from tseica I'LL have the effect 70 keep down the pr
oes of breadstuhs In the British markets The LONDON
journals refer 10 the fine appearances OF inc new crop
@ad s continued receipts OF Grain and Flour al All
tho pors In America The pai.. sSs OF tns ss
va 'syss -Pasfsfe sd.os. no, 90 much io quantity as
measured by bashss and quarters although there 10
oonserablo surplus above the great yield of last year
la substantial quality estimated by the weight Of
grain AZ large stocks OF the old crop were on hand IL
would appear ths the prices Of grain are likely 10 rule
wil PROBABLY be- stii required before the crops be-
prepared for in proper condition" The rmes
speaks of the abundant Grain harvest In America aud
the large receipts of Breadsus through the Western
Canal This journal also publishes numerous extracts
c the letters OF Influential parties Ia the United states
ali showing that the supply OF Breaostus Is yet aoun.
dsnt and the orops In hne condition and
ally large.
AZ the regular weekly market at Mark Lane. yester-
day Wheat declined from es to l0s per quarter and
Gales could not be ELECTED any tbs,
duction Tho actual decline was fully equal TO l5s
American Flour dull at 25s to sos per barrel The
beet Keat Wheat quoted from oos to 1os per quarter
Some failures In the Grain trade In Ireland
nouncsd and Ia 10 believed Others will follow, who
largely engaged In the London and Liverpool trade
During the present elesron excitement the condition
Of the Potato crops appesrs To be forgotten. lew
wceks ssce reports from different localities were con-
ss.osy pubiished. but no~ SCARCELY anything 10 said
about the reappearsncc Of the disease One paper OF
vide Circulated ana influence refers to the subject 10
slooasy turma. The Manchester Guardian says;
"hs wh The deepesi regret that we Announce the ups
srmaln a'nishvd U.s. The rapid progress Of hts de-
sssucsise pesllesee In many localities In Ihs neighbo
lying before sample. u esrs.sd psois aud uoers
esivsd vm toa. Places sad hs'e bs the
me crop. N and iss6"
different journals prove ths the disease prevails
cossdsrsos extent and concludes by saying that
psrsl destruction vi toe crp oil give rice to serious
dsalues affecting the ioter-sn OF nearly all the pro
ducuve clsssrs of the Uuited ktogdom.
The recent reports at the sisie OF monetary affairs
show that money difficult TO obt.in except upon
hrssc.ss paper of short Suehbils have been
discounted lees than per and paper
10 received st all by the leading discount houses
Among email capitalists aud traders money 10 very
f 10 with much diffculy that they
their The bullion Ia the Bsnk Of England
70 cecrssiss the amount now being ss77oSs7.
The Government OF Peru 10 iodeocd 20 Eaghsh cred
iors very large unit and it 10 curious fact hst
the deb only DE heussted BY tho sale II Peruvian
seeoot The debt OF Peru, contracted IN England.
been redeemed bet dividend has been psid since
ls large interest has accumulated the total princt
pail amounts N 83s5oo0o To show that this large
smeuns cen be paid. "a 10 necessary to refer 10 lew
fsc ABOUT seven years Peruvian gusno wss nrst
sent 10 England In three yesrs tbs great de-
msnd Tor this article than $50 OOO tons of
African susno frem iehseoe we're imported and found
resdy market The supply from lchsboe soon
hausseo and the whole market 10 now supplied by the
Peruvian gesno THIS s the sole property of the Gov.
ernment OF Peru rita hound on the chino IA Islspds on
pos,s the port Of Pseo ia miles from The main lara
Of Peru Tho deposit u ssid 70 b inexhaus,iele is
calculated al llSoooeoo tons which. 1t 80 per ton
would amount 90 xso 900 ooo 1his sn.po 4. prtn.,.
" used IN Eesisne and therefore without thu s..i.s.rc.
Of British Agricuarsts this immense properly wonlS
b. coupsrasey vslueless In Peru h given 10 the far
mera HE annual demand IN Eos md 10 about 100 OOo
tons. Tne Government OF Peru h-s been offered $500
90 for 100000. deliverable In lsss and the folowins
year The Rritish bondhoders OF Peruvian state
endcsvorpg 10 compel the payment Of their j1ss
ciains. Tnis is a curious and important SUBJECT
Some Of the London papers refer % The immense
penss Of carrying the with Mexico. snd that
Ais large ~nditurc cannot fail 10 result IN osDcs
sm5srrsssmess tor The Uaitsd States. The INiy Nss
ssys For the promotion OF peace II will be- OF coDse
qnescs that fsciires should be- accorded here for
supplying funds TO the American Government In the
way OF subscribing 70 taking any part OF i pubic
stocks and iosns thnk II would DC extremely din
euis 10 raise any money 10 this market American
sfoeks
The Birmingham and sheffield hardware hoases and
ne snenessef Leeas and other Of piece
gooos spsss WIN much sstsisetoo OF the American
ders Dor goods received By the ssssmsr Calsdoaia-
Trade hosever In the manufacturing dissricss con-
tisass dull.
Greas complaints made to-day ia the CON mercisl
rooms 10 hs city OF the sudden and severe pressure
on ths money market Although the writers OF the mo-
ney ARTICLES for the daily journals quote the rate of In
tersss at from 81 20 per cent assured thar the
moot extrsvagsnt terms are demanded and given for
money short dstss BY the next steamer yoa may ex
peet hesr Of mooetary psnc and Numerous fAiares
No Important nsvs has rsechsd the city up 10 the
hour Of poet
The eoasol market hes been Cat to-day and very ll
ue business hes been transacted p.