The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-09-20


to suppress the Sonderbund
The overland mail from India has been receiv.
ed. The general state of the country was salts.
factory. Trade was somewhat depressed at Cal.
cutta and Bombay, but brighter prospects cheer.
ed the merchants from the favorable state of the
crops.
The Britannia has fl2, 900 in specie
The Sarah Sands sailed from this port yester-
day, the Sd inst.
Teisgraphic Dispatch, No y.
BosroN, Sunday, Sept. 10, 1917.
The John Il. Skiddy sailed for New York on
the 25th; the Pacific on the 29th for New York.
The Ashburton arrived out on the LIST Sept.
Considerable sensation was created in London
on the 26th ult, by the fact that large amount
of drafts of Prime, Ward & Co, of New York,
on Overend, Quincy &Co, had been refused ac-
ceptance until the arrival of the Hibernia, and
that Messrs. Barring, Brothers & Co., had de-
clined to interfere for their protection. These
drafts remained in abeyance several days after
the arrival of the Hibernia; and on Wednesday,
the LIST, the drawers definitely refused to accept
them. The friends of Prime, Ward & Co., hav
ing, however, given them joint guarantee, it is
said, to no less amount than E4s 900, the bills
were finally accepted by Messrs. Overend, Cur
ney & Co.. on the I'd inst.
This opportune intervention, with the i'm
proved quotations of the course of exchange at
New York, and the fact of very large importa-
tons Of our goods for the fall trade, induce the
hope that the anticipated mischief which the
failures In England may create in the United
States, will, in great degree, be counteracted.
The naval contract is announced for 5000
tierces of beef, and 1000 tierces of pork, but
this contract is not limited, heretofore, to beef
and pork, cured in the United Kingdom, but adj
mits contracts from all parts Of the globe.
1t is in contemplation to close the mills in
Manchester, in consequence of the pressure of
the times.
The French steamer Philadelphia, had not ar
rived up to the night of the LIST inst.
In Paris, the eldest son of the late Duke of
Praslin, only seventeen years of age, has COM
mitted suicide, he being overwhelmed with the
disgrace fallen upon his family.
M. Alfred Montesquieu, son-in-law of General
Peyron, one of the first families in France, has
stabbed himself in consequence of either GAM
bling losses, or for having committed forgery.
And lastly, the Prince Deckmuhl, son of Mar
shall Daroust, who has been deemed for some
time insane, has stabbed his mistress, woman
whom ne brought from India. Being a Peer
of France, he has not been arrested; but he is
said to be kept in close confinement by his
friends.9
Advices from Paris allege that it is the inten-
ton of the Bank of France, shortly to reduce
their rate of discount from 5 to per cent; if
this be true, it can only be with view of facili-
tating the negotiation of the French loan.
Telegraphic Despatch, No. 3.
THE CIRCULAR OF THE BARINGs.
LONDON, Friday, Sept Sd, 1s7
Further numerous failures in the corn trade
have occurred since our last advices, under date
18th ult., causing increased arrangement in the
money market, and discount has become ex.
tremely difficult for any but first class paper
The Bank of England yesterday announced thei,
intention of granting loans on stock and ex
chequer bills at per cent per annum interest til
the 18th October next, and the funds were firmel
in consequence.
The overland mail arrived on the SIst ultmo
bringing dates from Bombay to 10Th July; Cal.
cutta Sth July, and Madras, but no later news
from China. Exchange at Calcutta ranged from
two shillngs to two shillings half pence per ru-
pee, and freights had again advanced to 80 los
per ton for rice to Great Britain.
Shipping continues very scarce. Our supply
of ashes has been SO limited that 33 and 36s pei
cwt. would readily be obtainable for UniteC
States pots and pearls respectively.
| Cochineal is about pence lower Stock, Is
inst. 1lO2 bags, but we have since received
further supply OF 1920 bags from Honduras.
| Coaa T., fora,uu Jae L., L.,
| little doing in anticipation of the Dutch sales
the first of which, comprising 225, OFT bags, tool
place at Rotterdam on 3Oth, when 2O3, 900 bag
found buyers from 20 to SAC. or generally about
cent below the valuations 1916, 900 bags remain
for sale at Amsterdam, and Middleburg on 2nd
and 9Th inst
The cotton market remains inactive, and price
are barely supported stocks of goods and yarl
are gradually accumuating, Notwithstanding
the lessened production, and spinners and man
ufacturers are seeking still further to curtai
their operations.
Corn-We have been freely supplied with new
wheat, by the farmers, at prices ranging from
ASS 52s per quarter. The arrivals OF foreigl
have been immense, while the stocks in granar,
are unprecedently large. This, added to thu
+ heavy failures, has caused complete panic II
the trade, and even at the following nomina
prices, little progress could be made in sales.
| United States red wheat, 4Os a 46s per imperia
quarter; white, Ats sos. Flour, 23s 24s pc
barrel superfne best brands -four, 20s to 22s pc
barrel. Inferior and sour Indian corn, 26s 30
per 4sO pounds. Barley, 23s 25s per imperia
quarter. Oats, It's lSs do.
Hemp-St. Petersburgh clean, recently ar
rived, has been sold at EDS per ton. The qualit
this year is generally inferior. Indigo, withou
transactions. Stock, LIST inst, 34,4l3 chests
against 1885 last year. The next quarterl
sale is fixed for 18th October. Advices iron
Calcutta to July 9Th estimate the probable Gro
at l25, 900 to l30, 900 maunds.
| Iron-Our present quotations are, common bar
in Wales, fS I2s cd, with per cent discount