The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-02-21
Opening of the British Ports for tho
Free Admission of Corn.
SUSPENSION OF THE NAVIGATION LAWS.
Advance in the Rate of Interest.
The Famine on the Continent of Europe.


about four o'clock, yesterday afternoon. This
fact was immediately announced over the tele-
praphic wires. Our agents then commenced to
send on the news to us, when an interruption oc-
cured between New Haven and Boston Owing
10 this we did not succeed in obtaining it till it
too late in the evening to issue an Extra
Herald.
The Cambria called from Liverpool on the 4th
nst and her is, thei efore, fifteen days later
than that received by the Sarah Sands
The intelligence will be found to be deeply in
teresting and important
The details will reach us to-day.
The doings of the British Parliament were in
teresting-Ihe three principal measures being ths
entire Yen.issios of the Corn duty-the suspension
ofhe Navigation la,cs, and proposed remission of
sugar duties
The report OF the grain market on the 10th ult.
left the two chief markets in England, Liverpool,
and London, with downward tendency in pri.
ces, and the operations by oonsignees and specu-
lators much more limited. Since that day. and
to the 4th inst, the imports had been very extern
sive, and all through, large sales had been made.
The stock of -four in Liverpool alone was esti-
mated a. 100000 barrels, with a corresponding
stock of grain.
There was prevailing opinion that the British
corn-growers had large stocks, which, with the
temporary. suspension of navigation laws, and
the repeal ofthe mpost duty tended to check spe.
culation, and would, it was ass umed, produce a
reaction both in prices and also in the extent of
future operations.
This action was felt in London on Monday, the
LIST instant, when wheat declined from fonr sh
to five shilngs per quarter.
At Liverpool, on the following day, prices were
four shillings per quarter lower on Indian corn,
four shillngs on -four, two shillings per load on
wheat, since the publication of the weekly cir
cular on the goth
The cotton market had been in very quiet
condition-ths sales had been limited in extent,
and prices a.o Iather on the decline.
On the Both ultimo, 5000 bales, including 1000
on speculation, were sold. On the LIST instant,
5000 bales had changed hands, of which specula-
tors took 1900.
The business of the % was estimated at 1000
bales, 500 OF which were taken speculation.
On the 81 inst. there was dull, heavy market,
with prices for American generally i'd. per Id.
lower. Other descriptions remain unchanged.
The sales amounted to about a 500 bales, 500 OF
which spectators took. The business consisted
of 1000 American at 81 pence to n 200 Egyp
tian at pence to n, and 200 Surat at At pence
TO-
The accounts from Havre are of the 3lst ult. A
sudden and total change occurred in that market,
in consequence of the receipt of intelligence from
New York to the 9th, which gave rise to an ami
mated and speculative demand, and impaired a
corresponding feeling to the Liverpool market
The sales in few hours amounted to 10000
lis it POSSIBILITY bales, and prices have recovered.
The accounts from the manufacturing DIS.
tricts were still unsatisfactory. In cotton fabrics
ed, and prices very irregular.
The state of trade in Manchester exhibited nc
material variation in the present condition of this
market from that detailed in the CIRCULAR, save a
decline IN the value of nearly every description
Of cloth and yarns. Matters could not be more
unsatisfactory. Transactions were restricted to
passing wants.
The state of commercial and monetary affairs
since the sailing of the last steamer, had been one
of extreme peculiarly and interest. The ,ros
drains upon the Bank Of ENGLAND. to NEE, the de
mands caused by the extensive imporations o
grain, and all other sorts of provisions, into tn,
kingdom, induced the Govern ent to rais
their rates OF interest. This caused business gen
rally TO be dull.
The market for provisions was steady.
An enormous business has been done in sugar