The daily union. [volume] (Washington [D.C.]) 1845-1857, 1847-06-05
FOREIGN.



News by Hibsr"ia.
The mail of this morning brings full hles OF EngNsh
papers by this arrival up the 10Th UT FROM .'eNe
and from the New York journals, we make out our
summary of foreign intelligence
II is almost to Say ina, ae wy
The cotton trade had suffered severely IRON the pres
sure which prevailed in the monetary circles;
better feeling however, began T. manifest itself az
ton, merchants lad leisure to peruse the adyices brought
BY the Cambria, which arrived at Liverpool on The li'h
s9eater amount OF business DONE and prices had
an advancing tendency
The sales IN the fortnight ending the l4lh,
So 1850 bales of this quantity 100 American were taken
on specuIaton 500 American for export In the week
ending on the 18th, further decline OF one-eghth OF
penny per pound was accepted BY holders OF American
descriptions.
The smalness of the stocks Of grain all Europe
and the consequent scarcity of provisions, became more
and more felt and high as prices were previously fur
her and important advance had taken place IN The value
OF breadsuts, well in this country IN many OF the
near continental ports within the fortnight ending on
the 18th.
The supply in the kingdom to carry them on to next
harvest, and the doubt generally entertained whether
enough will reach England from foreign countries to
make up for the home deficiency Were the causes OF the
late advances and must admit that the shortness OF
the supplies from the growers-the rapid dminutlon OF
the stocks in the ganares al the different maritime ports,
and the general tone Of the advces from abroad, have
afforded ample grounds for apprehension.
Wheat had, however reached so high point as to put
% would therefore follow a this
would perhaps be the Of staying any further mme
date rise on the present value OF wheat
The latest accounts from the continental markets show
that much scarcity prevails in several parts but as the
navigation opened, large supplies were expected to
come down the river IN very short hme Whereby me
of the people of those countries would not only be
supplied but that numerous cargoes would be transported
10 England
grain had further declined in value and that the accounts
from the adjacent localities the subject OF the CROP were
decidedly Of greatly aay future anxiety, while
the estimate made OF the quantity available Tor present
necessities exceeded all previous returns.
The market for American cured provisions kept steady
and there was little or nothing OF this description Of
goods arriving from Ireland, the mportatons from the
United States in most instances met ready SALE The
value of beef pork and hams much the same as last
noted.
There had been decline of rs to So per cwt in Amer
lean allow since the 4h May That arucl was on the
18TH AS TO dos per cw There was no American but
The pressure upon the money market had been more
than had been experienced tor years past; mat
week there had been an increase in the deposes 10 the
extent of E370O00 which the rest, and the reserve
have also increased considerably
The bullion had increased to the extent OF quarter of
amion. These favorable circumstances enabled the
bank discount freely even on bills that have had
much as three months to run; advances were made to
bankers at 81 per cent on pomscuous paper The Ia
vorabc state OF the American exchanges had beneficial
effect on the market,
throughout by general heaviness, and the belief was
general that the Chancellor of the Exchequer would
have to fund portion of the exchequer bills aoa in
Liverpool We are glad to state that the payments OF the
last week, which supposed 10 be the heaviest ever
known provided for, and that the Eiberaia has
brought the news of all engagements fulfilled.
The pressure during the last fortnight was most in
tense but by extraordinary efforts and sacrifices credit
was preserved The position Of affairs was this the
extreme pressure gone, but money remained ex-
tremely scarce and dearfar too dear for the profitable
prosecution OF business
The quotations for all the several stocks though low
than the closing prices OF the last steamer, must be
understood to be TO two per cent higher than the
lowest prices during the interval very decided i'm
Irovement took place between the Sth and Is ult.
There can be no doubt that the bank in steadily
improving position The present amount of bullion
held BY the establishment was estimated BY very comPe-
tent Judges be ten millions; while the Of the
bank notes nearly four millions. The marketon the
18th ut was steady, with little doing
II was stated in the French Chamber of Peers, the
10th ult by the minister OF commerce and agriculture
that the projects Of the next harvest extremely
promising Notwithstanding this prospect, the markets
continue to rise in various parts OF France
The account Of investment by the Emperor OF Rus
sa in the English funds had produced great sensation
in Paris II deprived the recent investment in the French
funds OF its character OF exclusive friendship to the
The market town of Great Szaona, in the district Of
Bihar, caught fire on the 18th OF April and one-hh OF
il was laid in ashes.
The e-trade association of Belgium has called
meeting OF the economists of all the world at general
congress to be held AT Brussels the 10th OF September
next
The King OF Denmark has granted sum OF $4,000
for the purpose of furnishing bread to the poor at price
below the market rate.
1t is reported that the Prssian and Austrian govern
mens intend TO increase the duty beet root sugar. with
the view of inducing landowners grow grain instead
OF beet-root
1t has been proposed TO import mandoc cassava flour
from Brazil with the view OF using it as substitute for
wheaton or other meal.
Several German engineers have arrived in Egypt, in
der to make the necessary surveys for cutting ship
nal through the sthmus of Suez.
On Wednesday, 18th ult., the London bakers again
raised the price of the Alb loaf 3d. that the best bread
is sold at Sd. pound while bread OF inferior
quality is sold al the rate OF l0ld the lib. loaf
mine of rock SALT which has Just been discovered in
the environs of Lemberg, in Austrian Gaica, is said to
be richer than that of Wieiczka, in the province
hitherto considered the richest in Europe.
The quantities of wheat exported from the United
Kingdom to foreign countries in the month of April,
amounted 1874 900 quarters, and the quantity smua-
neousy imported TO 222, ls2 quarters.
Paris paper says that a prevails that Meheme
Ali, in imitation OF the Emperor of Russia has offered to
exchange two millions sterling worth of corn against
French treasury bonds.
Some very successful experiments have been made in
various parts of England and Wales, testing the compare
tive advantages OF gun-powder and gun-cotton. The
advocates for the latter are increasing daily.
The principal object of DIR. Aldens mission TO America
is to effect amcabe adjustment of certain ecclesas
cal differences which have, for the last seven years
listed between the British and the Canadian WESLEYAN
Societies.
Several corporals and prvates OF the guards have de-
Serted and proceeded to Mexico, where of them
have obtained commissions II is said that Mexican
agents are busy employed in seducng the men to desert