Carroll free press. [volume] (Carrollton [Ohio]) 1834-1861, 1847-09-10
Correspondence Of the Pittsburgh Gazette,
BY Telegraph.
ARRIVAL OF THE STEAMSHIP GALE
donna.
interruption,

BY Telegraph.
ARRIVAL OF THE STEAMSHIP GALE
donna.
BosToN, Sept. 2--e P. NJ.
The steamer Caledonia left Liverpool on the
18th of August, and arrived at Boston at eleven
o'clock this morning.
The Cambria hence for Liverpool; anchored
at the roads on account Of the dense iOgs this
morning, having been detained l2 hours.
The Caledonia passed the Sarah Sands off
Kinsale, on the goth Of August, bound from New
York to Liverpool.
A serious downward tendency has taken place
in the grain market, since the departure Of the
last steamer, only occasionally arrested BY the
repeated variations in the weather. This has
failed, however, TO give a firm tone TO our mar.
ket, though on the 18th of August greater con.
fdence was manifested among buyers than pre-.
yiously.
The certainty Of a bountirul harvest at home,
coupled with The combined large imporations Of
foreign breadslufs, must exercise still stronger
depressing effect upon this trade, and it may
fairly be inferred that the market is not yet al its
lowest point in the article of -four, meal and pro.
visions in London. The recent failures Of sew
eral Of the largest business houses has also had,
and still has, a depressing effect and almost pre-
cludes the possibility Of a reaction.
! Up 10 the closing Of the corn market in Lon
don, on The 18Th, very lmiled quantity Of En-
gliSh wheat had come 10 hand, and though there
were scarcely any samples 10 offer the demand
was steady al advanced prices. There was ra-
ther more inquiry for foreign wheat Of the best
quality; but middlng and inferior kinds were
without sale.
The Money Market, from a variety Of causes,
has become exceedingly depressed since the de.
parture Of The last steamer, and affects al branch
es Of trade with great severIyi forcing down
prices and limiting lrade'
The primary causes of this state Of things are
the advanced state Of discounts required by the
Bank of England, whose example is followed by
all the private and joint stock banks of the EN-.
pire, and succession of failures in the West In.
dia and American trade.
Up TO the 18th the actual Bankruptcy stop.
pages were little short Of E2.000,000, and it is
apprehended much Of this will fall heavily on
American houses.
On the 18th IN London, the public sureties had
somewhat recovered from the depression of the
preceding dav and fluctuations were mainly caus.
ed by the turn of the market.
Consuls for account 865a87, and for money,
86aa865. These are per cent. reduced TO 875
a SIT. Three and a fourth per cent. to 883a
8SB and 80. Exchequer bills ss discount Is
premium.
Speculation in foreign stocks is passive, Mexi-
can bonds are quoted at l84.
Among manufacturers business wears agloomy
aspect, nor will there be any hope of improve.
ment until monetary matters become more easy.
This is the natural result Of state Of things
which renders all bills drawn on London Of a
shorter date than three months unavailable; and
which not only Parazes English colonial trade
but seriously affects The commercial transactions
of America.
GENERAL INTELLIGENCE.
rumor was in general circulation in London,
that Louis Philippe had been assnated, but the
papers Of this morning bring no confirmation OF
! il.
The elections are nearly closed, and show an
increase in favor Of liberal ministers. The
Queen had arrived in Scotland, and her tour will
be completed in three weeks.
Lieut.. Monroe, late Of the Reg't of Life
Guards was yesterday found guilty of the mur.
der of Col. Fawceu, whom he killed in a duel
four years ago. The verdict Of the jury has
caused considerable excitement and surprise.
The political aspect of France is threatening.
A fierce contest is going on between the Gov.
eminent and the opposing press. The .atter
charges the Ministry with corruption, and fai.
lure in the financial administration Of the Gov
ernment. The French have slightly partcipat.
ed in the embarrassments caused by The varia.
tions in the rates Of discount in England.
Portugal is quiet, and the Spanish forces have
been Withdrawn from Oporo.
In Switzerland the Federal Diet has caused
the discrimination ofthe Catholic Sindrabondos,
as being generally hostile 10 the welfare Of the
people.
The accounts from Italy state that the progress
Of liberal principles, particularly in the PaPal
States, creates great alarm in both France ana
Austria.
In Ireland the elections have been somewhat
more stormy than in England. The returns
sriII stand very much as as they did in the last
Parliament. O'ConneIl's funeral was celebrated
with great pomp. The event left no after CT.
element of great consequence.
General Armstrong goes out by the Caledonia
with dispatches to the British Minister at Wash.
ington.
! The Caledonia takes out fSo,ooO in specie,