The daily union. [volume] (Washington [D.C.]) 1845-1857, 1847-08-30

grain, have produced complete paralysis of business
and the dealers only supply themselves for the immediate
wants II almost tends 10 mIslead our readers al dis
lance quote actual prices since each successive mar
ke day exhibits the unsieadness of the trade The fur
ther reduction prices, recorded In last number OF
the 4th ns when wheat still declining from about
70s per quarter for the best description the market
was checked by the fall of rain in most parts of the
country; and at the market in London on Monday
last. prices frmer at the currency of the previous
Monday. New wheat sold at about 6Ss. per quarter
But still the business was limited.
During the last few days the weather has been less
settled, and the intervals OF fine weather have been
and genial The markets have accordingly again declined
and the highest price of the best description of wheat
in London cannot be quoted than CTS to 6ss PEI
Dr. and the best American flour has fallen in Liverpool
to 27s per barrel Much lower rates for best western
canal flour reported with very low quotations for In
dian meal; but real transactions have taken place,
and we only alude to them as indicating the downward
The arrivals of foreign wheat and flour are still enor-
nous and during the next three months the abun,
dant new produce OF the continent becomes available, VIII
close of the year will inevitably be very greats about thai
time, when the navigation OF the rivers will be closed,
and the stocks and of England and the neghbor
ing countries better ascertaned the market may then
become more steady. The relations OF demand and sup
ply under the new system OF free trade IN gram Will ind
their level and future prices be regulated accordingly
The accounts of the produce of the continental crops
are still of the satisfactory character and, during
the past week, have not heard of single instance oil
damage to the potato CROP whilst at the same period last
year the disease had become distinctly developed The
corn market in Mark lane yesterday dull, and prices
barely equal to Mondays rates; but on Friday this s
generally the case, little business is DONE No further
failures had transpred American flour being relatively
cheaper than English, has been taken off the London|
market rather largely at ats to 29s :,
The cotton market has been quiet state during thel
past eight or ten days. and although the tenor OF the ad
vices which have recently to hand respecting theI
prospect of the supplies throughout the United States
warrant advance in prices; STILL as the money mar
ket had been such feversh and uneasy position and
the weather more less unsettled at several times du
ring that PERIOD there has been decline in the value OIL
most descriptions. There cannot be doubt that, If al
uncertainty removed respecting the harvest in this
country, and the bank screw again relaxed should
have much extensive business done, not only by
the trade for consumption but also in speculation and for
export.
The sales of the past week % $50 bales and included
$3.50 New Orleans at 3D. to SID; 1900 Alabama, std
to I'D These descriptions last year quoted at 81
3D. and 4d to Sd respectively The zee estimated stock
800 at the period last yearshowng deficiency
Of 37o,5oo bales Against this deficiency, there is re-
luced consumption Up this date in 1916 the average
weekly consumption amounted to 290S5 bales this year
lit is only 22,222 bales. ,
The mportatons this year up to the present date are
estimated 1923 bales which is 1855 bales less
than at the same time in 1916.
Cured provisions are in steady demand. At the Lon
don Market American bacon is selling at COS to 65s
middes OF pork SOS to 65s cheese is quoted at 4ss
$685. and hams sos to 7Os OF all these articles there is
good supply there and the quality continues to i'm
prove ,
money Market together with the decline in the price OF
grain, have produced already many serious failures
%essrs
Lesly Alexander & Co.; Messrs Coventry and Shehard
and Messrs King and Melvil-in the London trade;
Messrs Perrin Co., in the same branch OF business in
Liverpool Messrs Sampson, Langdale Co. at Stock
The Hon William Frazer, Nelson g. Co., respecta-
bic West India merchants in London, have been under
the necessity Of yielding to the pressure OF the times; and
the affairs of Mr. Edward Robinson, recently deceased
who traded with the Maurtus have proved TO be in con-
on to render suspension OF payments necessary on
the part OF his executors Many minor failures have oc-
CURED
5h ns the minimum rate of discount declared to be
81 per cent At this rate only bills were dis
counted the rates reaching even % for long dated pa
Inc pa bny ee na
the report which have already given, of the previous
Monday and consols Immediately underwent great de-
pression having been done at S6A they then rallied to
81, about which price they have fuctuated since.
Yesterday they opened at s7a to for money, and 81
to for time and, in consequence of some sales, fell to
81 to for money and S7b and S74 for the present
count The latest quotations were at 81 to for time
with weak market Quotations are made for next &C
count which opens after the 26h instant, at s7t to
Three and quarter per cents are SO to /. Reduced
threes, s7l to D. Exchequer bills, discount to 3s prem
Bank stock 1851 to -.
The foreign market has been sensbly affected By the
general pressure for money and particularly by the
sales of foreign securities in the various European stock
markets, anticipation OF the effect OF the French loan
Mexican mas lden uc VI tuc ou
vices by the Britannia, just arrived will probably have
an improving effect M
The of trade in the manufacturing districts hal
been buoyant during the present month wher
the last outward steamer sailed combination of cir
cumsances which hope only to be OF temporary
duraton--namely the stringent state OF the money
ket and the difficulty of obtaining higher rates for
acured goods, together with the heavy failures in thu
grain trade, have tended to cast gloom in both York
shre and Lancashire
The continuance of fine weather, enabling us to real
and the splendid grain crops of these Kingdoms,
Greater accommodation in the money market, and the
cept of orders from abroad will once give heal
thy tone to both the cotton and wOollen trades OF Eng
land.
The usual weekly meeting of the repeal association
was held the 9th nst in the Cancellation Hall Arch
deacon Carroll read an address from the Right Rev. DR.
Maginn, Catholic bishop of the diocese, signed by tn
bishop and thirteen other clegymen expressive of thei
confdence in Mr. John OConnell their future leader
Mr. John OConnell read reply, in which he said tina
he would adhere TO the sentiments and principles of hi
father with the anxious exactude that the seaman
gave to the high and daring genius OF mighty dis
coverer that had preceded him.
France.
Another prosecution for corruption likely to
promoted by the government The National having pub
lshed statement that offer had been made by per
obtain railway concession, the condition of recevin
$50 shares of 1000 francs EACH the Procureur du Ro ha
summoned the editor to appear before the proper auhor
ties and to produce his proofs of the charge which
has made Scarcely day passes but fresh disclosures
corrupton publicly made.
Before the closing OF the French Chambers, NJ Guizc
took the opportunity of abiding the struggles
going on in Switzerland and Italy. He disclaimed, a
heretofore, any intention the part of France to inter
fere the affairs Of Switzerland; Intervention, he de