The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-06-18

Flour Flour American; o.4so 4aoa43o
Wheat do. white. l42al4s -
indian S SosI.. ssSsssS
Annexed are the details of the news.-
LIVERPOOL, Friday, June A, ls47.
THE CORN MARKET.
Notwithstanding the strong expectations en-
tertained previously to the departure of the
last steamer, that the corn market would main
tain its upward tendency, the unusual fneness
Of the weather, promising favorable home har-
vest, had the effect of materially depressing
prices, and, of course, contracting the extent of
average transactions.
The advices, however, brought by the Caledo-
MIA, of light stocks In the American ports, have
created considerable activity and aided by the re-
taxation that has taken place on the pressure of
the money market, has largely tended to re-es-
tablish fresh desire to speculate.
The reports, though unauthenticated, of pro-
bable failure of the potato crops, both in Ireland
and Jersey, have also had their own influence.
The markets have, in point of fact, fallen 20
shillings per quarter from the highest point, but
though -four had declined to 40 shillings per bar
rel, it is now worth AZ shillings, and may be fair
! ly quoted at 43 shillings for best western; sour
averages 81 80 shillings per barrel; American
wheat 10 shillings Spence to IL shillings pence
per 70 lbs.
| Indian corn is tolerably steady at SIS. for prime
! or yellow, and in some instances, owing to the
| increased demand from Ireland, white has com.
manded Is. per quarter above the currency OF
yellow corn meal ranges between 2ss and Bis,
with tendency to the higher quotations.
The CoTroN MARKET.
The tone Of this market since tho de-
parture Of the last steamer has materially i'm.
proved; the apprehension of short receipts and
of the backward season for the growing crop,
have caused decided advance. The improve
ment is likewise in a great measure attributable
to the greater ease in the money MARKET, so that
on the whole the condition and prospects of the
cotton trade present very encouraging aspect.
The sales of tho week ending the 18th ultimo,
amounted to thirty-nine thousand bales. Up
land descriptions rated at 81 pence to pence ;
Orleans 6td. to SID; Alabama and Mobile sid
to I'D, and Sea Island l2A to 20ad per h.; East
India is quoted I'D. to i'd. per lib. higher since the
! last steamer The market retains an unqueston-
ably firm character and inquiries from the trade
are more than ordinarily general. In the Man
chester market there is an obvious desire to pur-
chase, but the ascending disposition of our market
has checked transactions, and led to the relin-
punishment ofheavy contracts, which would other
wise be accepted The orders now executing for
the United States are heavier than have been
known for many years.
THE MONEY MARKET.
The financial prospects Of the country are, on
tho whole, exceedingly animatng The dispo-
siton which the Bank of England lately evinced
to discount more freely, has become more largely
dsy and 0f ,Jap
has been impaired to all branches OF trade
The weekly returns, published on Friday, 18th
ult., show the amount of notes in actual crcula-
ton on the week ending ed ult., including seven
day and other bills, to have been El95 7s, 2sS;
the amount of gold and silver coin and bullion
was E9,94s $50, showing an increase of f7s6, 400
in the week, and monthly increase of E734, 743.
A small portion of the Prussan loan has arrived,
and the funds have undergone little or no altera-
ton, owing in great measure to the improved
complexion Of the corn market. Yesterday,
however, the money market was rather fiat in
London, land Consols closed lower than the OPEN
ing price. The exchange was l06Ato 100.
THE METAL MARKET
The Caledonia brought considerable orders
for manufactured iron, and as the stocks
in the United States are generally presumed to
be light, there is every likelihood that the ship
ments to that quarter will continue good
The prices here are tolcrably well supported,
with the exception only Of WEIGH iron, which is
easier of purchase. British bar is
quoted at E9 rs to 60 los, rods El0 Be- to f1O los,
sheets average Ell l5,; cargo in Wales, bars
fs los to fS l5s Welsh pig S5 to R5 b., Scotch
pig Go lbs Cd to E3 lis. No material alteration
has taken place in tin, lead or copper, but the
United States lead, in bond, is quoted at Els los
to Gl6 los.
THE Provision MARKET
The supply is moderately fair, but the
demand languid, Beef j, not plentiful, nor
is it in much demand. Butter and cheese
maintain fair price, and the consumption has
been unusually great within the last three |
months. Hams are generally dull, with a ten
dency to the accumulation of inferior stocks
Altogether there is no disposition to do largely
IN provisions.
MISCELLANEOUS MARKETS.
The arrivals of hemp have been so small as
scarcely to affect the market; 80 bales of good
American tow fetched g2l los.
The sales OF rosln and turpentine show remark. |