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

this days Herald full report OF the shipping In
telligence brought by the Britannia.
The News from Europc-Its Effect I'm the
United States.
The steamship Britannia, at Boston, from Liv-
erpool, brings advices sixteen days later from
England, and thirteen days later from the CONT
nent.
AS we anticipated, the accounts, IN CONNER
cial point of view, are highly important and ia
vornbe, and in political point of view highly
interesting. The decline in breadstufis we ex-
pected, and have not, therefore. been disappolnt-
ed; and the advance in cotton has not surprised
us, as such a movement was sure to follow
downward movement in flour and grain. 1t Is
impossible to tell what changes may take place
from time to time in the appearance of the grow
ing crops in Great Britain or on the Continents
but we know that if the harvests come in as IA
vorably as is now generally anticipated, there
will be an end to high prices, for this season AZ
least. We cannot, however, safely calculate
upon the harvest until it has been secured-uniil
it is beyond the many dangers which growing
grain is subject to while standing on the ground;
and it would be best to wait until everything in
the shape Of grain has been housed, before we
make any estimates as to the probable yield.
The accounts relative to the potato crop are
very contradictory. According to one authority,
there is not the slightest appearance of the rot,
and the prospect for fair yield is very fattering;
while, on the other hand, authorities equally
high give different report entirely. 1t is we'll
known that the rot, or whatever it may be called,
to which potatoes for the past two or three years
have been subject, does not show itself in every
in stance in the growing crop, but in most cases
in the potato, after it is harvested. 1t appears
that potatoes which are apparently perfectly
sound at harvest, have been com pletely destroyed
by this disease after being carefully laid down,
and every precaution taken to guard against in
jury. 1t will therefore be seen that the healthy
appearance Of the growing crop, or even at har-
vest time, is no indication of the absence of dis
ease; and it will be the safest way to take it for
granted that there will be deficiency Of this
vegetable, and govern ourselves accordingly.
It is several weeks before the principal har.
vests of the United States comes round, and
there may be very important change in the ap-
pearance Of the growing crops within that time.
1t would require very general injury to our
crops to have much influence upon the aggregate
production; whereas, in Great Britain, the danger
is much greater, and the effect of unfavorabls
weather much more serious than in this coun-
attitude and longitude, that we have no fears of
general destruction of our crops while in Eng
land what affects one section, affects the whole.
The decline in prices for breadstufs in Great
Britain, within the past two months, is the best
indication of the prospects relative to the har-
vest Flour fell off from the middle of May to
the first of July l6 shllings per barrel, and corn
Is shillings per quarter. Prices have now be-
come reduced to a point where they started, and
were it not for the probabilities that the crops in
this country will exceed those of any previous
year, we should say that they were low enough;
but under the circumstances, we think they will
yet reach lower level.
In consequence of the exorbitant prices for
breadstuffs, which have for the past year
ruled in Europe, all departments of industry
have been restricted, more or less. The cotton
manufacturers particularly have been serious suf-
ferers, and have been compelled to suspend, in
measure, their operations. This has had a ten
dency to depress prices of the raw material, even
in the face offs diminished crop. The reduction
in prices for breadsuffs will have favorable in
fuenoe upon cotton spinners, and prices for
the raw material must advance. This will more
than offset any loss to u.s. produced by the fall In
-four and grain, and produce greater activity in
the manufacturing districts of Great Britain.
We anticipate steady advance in this staple
on both sides of the Atlantic.
The London money market was rapidly i'm
proving, and in a short time all traces Of the re-
cent disasters in the financial and commercial
circles, will be obliterated, and prosperity will
again gladden. the hearts of all.
We have given in our columns to-day, interest
ing special dispatches from Madrid, Berlin, Paris
and Dublin, containing details of all the political
| movements emanating from the countries in
which these cities are located They will BE
found highly entertaining to the general reader
The English and French have been engaged in
hostlities with the Chinese, in Canton and Co
chin China, and great number of lives, on the
part of the Chinese, sacrificed. The particulars
of these engagements will also be found under
the appropriate head in the foreign news.
If the Washington left Southampton on her
day. the 10th inst, she will be due about Thurs
day, and will bring six days later intelligence
from all parts of Europe.
The DIFFICULTIES IN CAIIFoRNIA.-We would
really like to know who is the Governor of Ca
lifornia. We were given to understand at one
time that Gen. Kearny held that Office, having
been appointed by the government, and in pur-
suance of the authority vested in him, had is
| sued proclamation for the government of the
territory, and ordered Col. Fremont to Monterey.
This we received by the ship Sterling, which
arrived at Boston last week. Later news, how
ever, from that part Of the continent, puts new
aspect on affairs there. We now learn that Col.
Fremont was acting as governor, the extent Of
the powers.o General Kearny and Commodore
Stockton remaining in dispute. The query then
is, who is Governor of California! We. re-
peat, we would like to know who is Go
vernon of California. Whether General Kear-
ny is, with his commission to act as such
in his pocket from the Government, or whether
Col. Fremont, the appointee of Commodore
Stockton, ISL
The miserable state Of things which this dis.