The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-07-19

tFssn NE Le.aee New., July ~
THvnspAr EvxNssaf-Ths bank directors met 1t Their
weekly board to-day for the despatch ofbusns and,
was to be expected, without making any alteration in
the rate of interest.
The stock market nat, with prices shade lower
the average than yesterday Consos after touching
59k ranging merely between that price &c. LEFT Of
dspoon was eyinced for active busnssa and thu
Transactions therefore upon the
has been witnessed for time past Reduced
were S94 to r. Three sndaquarter per cents 9llS to
u; long annues, to ll6 exchequer bills So to lis
premium India bonds, Is to los premium bank stock
1876 tot.
is evident that the decisive statement of Lord John
Russell about the Irish potato CROP that it was in per-
ishing state founded a. that must have been
upon many scores not hundreds, Of reports from the
many hundreds Of extra oicals, specially employed
wait upon the necessities and report upon
aud condition Of that part OF the empire, has made
deep impression the public mind which the passive
state Of the funds ID but the least important sign
In fact, however, this is not the only circumstance
Weighing at present upon funded values Capitalists
anxiousy looking forward to the loan which 1t Is
known will be required for the public service in
cient revenue and extraordinary expenditure The
Of the loan to be required variousy conjec-
government whist pressing forward the .pSropra
tons for the various have sedulousy put
off any intimation Of the that will be really
CURED until they shall be forced to speak out when
the ways aad means shall come under discussion.
1t Is, however not understood that the whole
will be required at once; it Is thought
some time should the state Of money markets make
such operation inopportuns but it Is held to be Of
urgent necessity that the should be armed
with authority, by vote Of the chambers, to raise
the amount required by loan at such should
be- judged most convenient 1t has not escaped OBJ
servaton here that French funds and railway shares
have latterly come with depression unsccountabe,
whilst prices have been uprising here except the
understanding that the Bourss ut Paris aborng
der the knowledge Of pressure forthcoming Some
considerable amounts Of stock and masses Of railway
shares the Northerns of France especially said
"a have r0Centlv carried market bv CaDitalSt
holders the latter both In Paris and here.
The foreign market remains with quotations
for the fancy speculative stocks lower Spanish Elves
20X TO IA; the Thr~es last quoted 32H to
sxdividsnd. Portuguese 80 to o 1t may be observed,
versement dividends In the usual that the
financial agency Of Portugal has given notice that
payment Of the J1y DIVIDENDS POSTPONED Sna w
New Grenada, 10 to u; Brazilian, e2h to Az; Buenos
Ayres IS to T. Dutch Two-and- a. Half per Cents
quoted OK. dividend at Ok to u; the Fours, ssh
to 90.
The Corn, Trade Of Europe.
From the Mark Lane Express June 2s.1
able during the week. hear of complains respect
ing the appearance Of the growing grain crops indeed
the reports from the agricultural counties generally
that has been done by the heavy rains which fallen
has been retardng the carrying, and, in some cases.
continue of very conflicting character; and
though it is pretty certain that the disease of the last
two seasons has reappeared in certain localities in
mising and In opinion the indications Of the dis
order not manifest lead to we'll founded fears
bend. The enormous importance Of the potato crop
has been fully proved this year, for there be
that the loss thereof mas had more to 40 with
in the yield Of wheat The future value of grain will,
therefore. in great measure depend on whether the
blight again proves destructive it did in l845 and
1916 nota matter which cannot possibly be decided
on for some time to come. The generally suspicious
reports relative to the corn crops and the
of Mt
cipa maritime ports have had the effect of causing de-
cided unwingness the part of buyers to purchase
wants. and though the deliveries Of grain from the home
have undergone little or no increase prices Of
most articles have receded materially ut ali the leading
provincial markets held since our last
The arrivals into Liverpool have been immense, and Oh
Tuesday it was found impossible to make progress in
sales, even at considerably reduced terms Wheat was
then quoted 3D. per 10 lbs barley beans and peas 2s
indian IS to A. per Qr and oats I'd per as lbs
lower than on that day seennght Later In the week
Friday canal -four, which the previous
market day still worth 40s freely offered at sos per
Dbl without meeting with much attention.
At the chief consuming towns In Yorkshire the trade
has also become extremely lauguid. At Hull on Tues
day. increased quantity Of wheat was shown, which
sold slowly at abatement of 3s to 4s per Or ana at
Leeds lower terms had likewise to be taken before any
progress could be made in the disposal Of either English
The advices from Bristol Birmingham and other
kets in that neighborhood are of similar character
Ss Bp on IN.
irmness has been shown Neither at Spaldng, on
Tuesday, Boston, ON Wednesday, was any dsposi-
actually held Is. per Or higher; the d~msnd
however very slow ut each Of these places, and the
business done unimpOrtant.
From Scotland learn that the grain crops were
crossing favoraby; but there, with US, there
good deal Of talk sboat the temperance Of the potato
disease: this had however, failed to produce much i'm
PRESTON and prices Of wheat had receded 2s to 3s and
those of spring corn Is to 49, at Edinburgh Glasgow,
The accounts from ireland respecting the potato crop
fully contradictory they were last week, and
the from thence leaves the matter in the state
Of doubt as before Meanwhile, large supplies of
foreign have arrived at Cork, and prices have
grven way the Irish markets rather than this
side Of the Channel.
We have again to report very small arrival Of Wheat
coastwise into London only 4s9 qrs. having to
hand during the week ending this Saturday evening
The quantity brought forward at Mark Lane by land
carriage samples from the neghbong counties has been
equally unimportant: indeed there scarcely any
thing fresh up either Wednesday Friday the show
the ssex Kent and Suffolk stands consisting of that
portion of Mondays supply then left unsold Under
these circumstances factors have been disposed to
make any concession and though the millers have
Quoted their operations with the utmost caution, the
necessity for employing proportion Of thrashed
English for mixing with the foreign of inferior quality
(of which there Is abundance on the market)
has obliged them to pay the rates demanded On the
whole there rather less doing towards the close than
In the of the week. and purchasers
enabled to buy quite moderate terms Friday
before The supply Of Wheat from abroad has been
liberal having consisted Of less than 5e675 qrs 1t
must, however, De recolLeCteu Brhuaries
nearly empty few eks ago, that the consumption Of
London and its suburbs Is upwards Of 10000 qrs per
week in Wheat and Flour, and that the receipts Of
English have been very Insignificant for months past
IT, therefore anything like an active country demand
should spring (Which Is not unlikely the foreign
rivals they should continue the liberal
scale would not prove much too great for wants
Many Of the from the Black Sea and other dis
tant ports besides being inferior quality have
hand bad order and these will have to be landed and
stored to something like condition before theycan
Really good Wheat particularly the finer sorts from the
Baltic have met with fair share of attention the de-
mand has, however been freely met by importers who
naturally anxious to avoid landing expenses the
turn has, consequently been In favor Of the buyer.
Several parcels OF good Danzig sold Wednes-
day at from 82s to 63s and the best might then
at SOS to sss per Or since then sellers
have endeavored to obtain further concession, and
there In consequence less doing on Friday.
In quotations of town made -four change has taken
place. but the sale Of the article has been much inter-
fered with by the comparatively low rates at which
American has been offered Of the latter upwards Of
&c. 3o7 barrels have arrived during the week and
siderable anxiety has been manifested to sell from
board The very best brands of Western Canal have