Weekly national intelligencer. [volume] (Washington [D.C.]) 1841-1869, 1847-09-25
ONE WEEK LATER FROM EUROPE.
ARRIVAL OF THE BRITANNIA.

ARRIVAL OF H BRITANNIA.
The steamer BRITANNIA, Capt. Harrison, arriv-
ed at Boston on Sunday at 5 o'clock A. M. Her
news was Transmitted to New York by Telegraph,
and published in Extras of the Sun and Herald.
The Britannia touched on Cape Race, N.F., on the l4th
instant in a fog, but got safely off.
She brought Ito passengers-among them Gen. ARM
STRONG, American Consul at Liverpool, and Hon. r.. G.
WINTHROP, M. c., Of Boston.
There is still a further decline in ~breadstuhs, but cotton is
firm.
The following table exhibits the comparative prices Thread
stufs at Liverpool by the last three steamers;
Sept. A. Aug. 10. Aug. Is.
Per Britannia. Caledonia. GuadaLguiuer.
U. S. wheat, per 70 Id. 81. Sc a 80 81. SO a Q o. So O4 a Q l6
Y. 5. Hour, per Dbl. 5.78a COZ STA a 6.38 GA a 8 4S
Indian corn, per qr..... 6.24a7.44 600 a 7.20 GA a 7.2O
Indian meal, per Dbl. !. $3.50 a $50 2.S8 a S.44 $50 a 600
The following despatch, received by Telegraph, was pre-
pared in Liverpool
FINANCIAL INTELLIGENCE.
It will be gratifying to know that the drafts of Prime,
Ward 81 Co., of which acceptance was on Wednesday def
nitely refused by Overend, Quincy IL Go. were on Thursday
honored by that firm, in consequence of the interposiion OF
the friends of Prime, Ward q Go.
Notwithstanding that the funds have continued ~toerably
steady since the departure of the last steamer, a fearful pres
sure has been felt In the money market, deeply affecting, If
not entirely ~paralyzing every branch of trade and manufac-
lures. This distressing state Of relaxed monetary circulation
has been followed by several heavy failures, many of which,
from the character and position of the houses, have spread the
utmost alarm among the whole trading community.
Whatever may be the immediate causes which have pro-
duced this state Of things, the Bank Of England has not es-
capped its share Of blame, and there will be a general despair
of amendment until it displays a spirit of improved lberalty
and accommodations.
The liabilities of the defaulting houses in London exceed
two millions sterling, while in Manchester, Glasgow, Dublin,
Belfast, Cork, and Limerick, numerous large houses are ire
trievably gone.
In Liverpool we have to notice the stoppage Of the houses
of Lyons & Firmey, and Kirkpatrick q Co., whose liabili-
ties are stated respectively at eco, 900 in addition to which
many houses of lesser note have declared their ~ineapacity to
continue.
Among the manufacturers the difficulty of obtaining money
has been felt with peculiar severity, and several large mills
have been compelled TO stop. Were the evil believed to have
reached its climax, the ~sanguine might indulge in something
like returning confidence. But while improvement seems re-
mote, deeper despair continues to usurp the place Of hope
fitness.
manned without much alteration until the breaking up of the
Bank Court, when they advanced to s78, at which they
stood until the announcement made at the breaking up ofthe
court that loans would be granted until the 18th of October,
upon Stock Exchequer bills and Bills of Exchange, at the
reduced rate of 5 per cent. has been confirmed by the later
reports, and it is hoped that as the measure will have some
effect in aiding many houses who are now exposed to embar-
rassment, it may produce a generally useful effect.
Last evening there was an improvement of 9Th to 18th per
cent. in consols. The quotations being s7b a ! for money,
and SS9 to < for account.
The reduced three per cents. were 3S to 3S4, and the new
81 per cents. S9a a S94. India bonds for FL 900 and under
were S. discount. Long annuiies are 9 a 8 10. Bank
stock stands at 1876 a 1879.
In foreign stock there is no remarkable feature. Mexican
is stated nominally atl9.
The bullion Of the bank has decreased during the month
ESQ, els, the amount now held being go, 239, els.
The failure of Grey 81 Roxburgh, of Greenock, is just re-
ported. The firm was engaged IN the corn, timber, and SUI
gar trade, and their liabilities are believed TO be considerable,
IMPoRTAsr FAILURES IN EURoPE.-We regret to an
nounce the failure of the following highly respectable firms
during the last month. tits estimated that the liabilities amount
TO FIVE millions sterling Alexander & Co, London Barth-
lngth, j. H., ST. Petersburgh Coventry & Shepherd, Lon
don Casellain, Sons q Co., London Crop 81 Machand,
Hamburgh Dickson (A.) & Co., Belfast Douglas (Chas.)
& Co., London Fraser & CO., Antwerp Fraser, Nelson
81 Co., London Giles, Son & Co., London Gray & Rox-
burgh, Greenock Gregg, H. & G., Liverpool King &
Melville, London Kirkpatrick, J. c., Liverpool Lyon
g. Fynney, Liverpool ONeal e.. 81 F. & Co., Liverpool
Perrin & CO., Liverpool Robinson, Edward, London Ro-
binson w r } q Co., London Rowett (W.) & Co, Lily
erpool Sampson, Langdale d Co., Stockton Woodley,
w. 81 j.. London. A letter from Hamburger reports that
several failures have taken place at Stettin and Hamburger,
and the affairs of some of the parties are in such a position
that they have. absconded to the United States.
BANK OF ESeLASD.-An account, pursuant to the act 18th
and Sth. Victoria, chap. 80, for the week ending August % /:
ISSUE DEPARTMENT.
Notes issued 922, sos, 900 Govt debt. Ell ,0l5, 100
Other securities. 2, 9S4, 900
Goldcoin q bullion Z, SOC, 399
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