Richmond palladium. [volume] (Richmond, IA [i.e. Ind.]) 1839-1854, 1847-05-25
rs.rteen Days Later from Europe.
ARRIVAL OF THE STEA MStilP
HTBERNIA.

Boston, May II. II p. NJ.
- The Hibcrnia arrived n, Boston this at
..,noon. 10 the extraordinary passing" "
"a days from Liverpool. Her CONNER
.;,i news is ms, ir"e'f'a"
-prices on tho sailing Of the
..Caon,, had n downward tendency. and
since her departure have further declined
and left tho markets quite fiat. The
mount Of sales have fallen off. and spec
uj.,ors nre no, operating. Tho reason
assigned for this decline is tina restrictive
cnies Of tho Bank Of England and the IN
erased rates Of interest. The Bank bad
abused to discount the notes Of the hrsl
houses in Eng'and--said TO be cngn gcd IN
The speculation, and who. 1t was allied ed,
had been shipping gold TO the United
States for purposes OF speculation.
This stringent movemen, had most
seling effect upon The manufacturing ~
.ercsts Of tho kingdom, and the Cotton
marke, suffered greatly.
Prices of American descriptions Of
Cotton declined from tho 10Th to The 2.Sd
u.. ! 10 per pound. Brazil. Egyptian
md Surat / TO !, and ut the close of the
week ending the 20 h, a further decline
followed of / to ii on American. and al
20 on all other description Of Cotton.
On the following day better accounts
vere received f.om London rs to the state
of the Money Market, which gavo m im-
moved tone to Cotton trade at Liverpool.
whero tho sales amounted to about 1000
bales at nm advance Of hid on some dis
cripiions-there tho sales on speculation
Yesterday declined to 1000 bnIes Mt the
previous currency, and finally the specu-
ls.ive spirit declined altogether, md at
the close the m1rket vas freed from it,
Quotations. for Cotton are-fair to good
fair bowed Georgia l !a5d. Mobile 6Sr7d.
There were however, some fluctuations in
price.
GRAIN AND FLoUR-SpccnIaton wns
rife throughout. the month in Brendstutf..
but Notwithstanding this influence the
price Of Western Canal Flour settled at
40s pcr brl, and American Red Wheat a,
los a lis ID per 70 lbs.
White Whoats sold at IFS to I2s 81 per
bush Of 10 lbs.
Indian Corn rated a, ,Is to 52s per 4
80 lbs for White, and Yellow at 5,n53s.
During the last day or :wo, Wheat has
advanced 81 per 70 lbs.
Western Flour advanced u per brl.
Philadelphia and Baltimore Flour nd
v,nced Oh IN tho Liverpool market. but
the demand was limited.
Corn went back little in tho mean
time, md prices declined p per 40 lbs;
Yellow succeeded ~ tho Same proper
,;o"-2J.
Subsequently, to this the markets for
Flour and Corn improved n.,,n-an ac-
tive demand sprung up for Flour and
Wheat.
Arise Of 3 per Dbl wns established on
Flour. white Indian Corn improved very
cons'derably. md was sold at 1tis to So
for Yellow. and t;S- TO Sos for White.
The markets closed AT these figures firm
y, and a considerable business was doing
10 Breadstufis generally.
Tho supplies Of grain md provisions
sent from the United States to the rclief
Of tho starving Irish. created m immense
sensation throughout ireland, and was the
theme of universal culogv, and tho sub
Iecs OF wnrm and generous sympathy
throughout England.
The state Of the Money Marko, conti,-
- ~ "NN'Nc Ihft!l dtltDllOt1 ana much
apprehension. The course of tho Funds
curing the last fortnight was stcadlv down.
sard. Tho amount Of Bullion in tho
Sank OF England was still steadily and
nPl ly disappearing. The great bulk
sthdrawn from its vaults wns on account
aand tor shipment to parties in the Uni
led States.
Tho measures adopted by tho Directors
'ero more stringent than over. aud grca.
alarm telt as To their proba bic results.
lie Directors do not publicly make any
alterations in their loans. but ere very
careful as TO the character of tho paper
thew discount
ihe Bank Directors havc done tina, !;
Which has acted on Mercantile business
WIN great severity. They have actually
''Cnhed 10 discount at all.
Inc brokers are demanding six and n
A. and even seven per cent. for notes
' ~ oils OF short dates and If first rate
s@racser, and for bills running ill july.
'aey ask seven and one eight per cent !,
me effect OF all this had amos, pu, n
"0P 10 business. There have been trans.
s."0ns OF magnitude. however. during. =
s,, pas' zen days. and the Bank had dis
sS'"'ed moro freely. Tho effect has
ssn an improved feeling in tho market.
su' Consols have rallied n Little Jn;s =
,ha' ''eu state of feeling had beor fur V
s., strengthened by an announcement, u
n -, emperor of Russia had resolved =,
ss.r" moro than two millions of 20 lnds 81
wv. IA gold, in the English Funds j
4 y. IN all these PalIiations. the severity :
,, "io pressure was only partially miti-
,sa' and 1t is evident, from ali The facts