The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-01-06

upon your memories which our own--comtrymen have
permitted TO believe have left theirs We eha
all IL most suspicious welcome to this mother land
of art and science shall feel the good wishes Of
friends have not been bresthed In vain and In re-
doubling our exerious will seek to merit the favor
which you seem prepared SO literally to bestow"
The Latest Commercial Review.
From Europ, al Times Dec ID
Since last publication regret to state that COM
mercsl affairs have improved to that extent which
the increased facilities in the discount market might
have been supposed to warrant IN the manufacturing
Districts there Is employment, but the markets for
all descriptions Of produce continue In very depressed
state and in the staples Of sugar and cotton there
further d. cline The retail business of the country
also suffering extensively; and general consumption Is
not little affected by tine state Of the public health
which occasions considerable alarm Partial failures
continue intervals in various parts of Europe
but they chiefly Of houses Of secondary Importance
We scarcely hope for any great improvement BET RI
Christmas; but trust, with the year, that the
energies of the country will resume their
wonted activity, and develope with renewed profit the
reproductive resources of the country.
The corn market since the beginning Of the month
has been remarkably steady On the market day or the
6ta inst prices Continued unatered ut our last quota
tons but that dey might the trade evinoed de-
cdrd disposition to mske purchases aud the liner and
best conditioned descriptions advanced about a. whilst
the common fetched about Is per or. above the
previous weeks prices Fore wheat has been but In
moderate demand, withouta change In prices till Mon
day last prices improved per qr Flour has ad
free of sale the nearest price being about
3os per Dbl for the best fresh Western Canal Alto.
gether, this week the market has assumed more
active tone which the declaration of minister's that
they do not contemplate further suspension Of the
corn and navigation laws, may have contributed AT
rate there is greater desire to get into stock
whilst holders firm The stock OF foreign grain
quality inferior and chiefly unit for British oonsump-
ton Reports respecting the rot in the potatoes IN
various parts are again revived
Since the sailing of the Hibernia the market for Cot
ton has been dull but in most respects, steady the
sales mostly confined to the immediate wants Of con-
sumers Some little is taken for export Prices under
circumstances cOutpus decline,
reduction of 1Sd to 14d and in some cases IA per ID
on all ptons of American and other sorts pro-
portion The prospects VIII CHI exist at present are not
favourable for any advance especially should the new
crop the United States turn out good as is expec
ted AS the demand nearly altogether regulated by
the wants of manufacturers 1t is hardly necessary to
add that until confidence is more fully restored in coa
readiness W. cannot look for much Improvement in the
trade will be observed by referring to our tables IN
another column that the deficiency of the estimated
Cotton at Liverpool is not great ut the pre-
sent time what might have been expected The ave-
rage weekly consumption now great deal less than 1t
A. 100 bales and as will be observed from usual
weekly reports almost entirely confined to the wants of
the trade
British plantation coffee has experienced q decline
since last. Holders have been compelled to submit
to reduction OF nsary Is per cwt in order to effect
sales. A speculative demand for Ceylon sprung up
about ten days ago, which description formed accord
ingly exception to the general decline In price Du
ring the week ensuing buyers limited their purchases
in consequences of the above demand but British plan
tation continued quite difficult of sale at the be-
rather better rates Since Monday last the market has
been generally heavy without, however any difference
in the quotations
The sugar market since tho Attn inst has continued in
state of greater depression than before. From
last quotations the decline in British plantation during
the week ending the 4h less than Is per
and the market closed with unusual gloom During the
week ending the tn inst nominal decline again took
place In British plantation and in foreign the price
also about lower The sales during the present week
in MncDg have been large consisting Of 900 hhds
West India 1000 bags Mauritius $500 bags Bengal and
1000 baskets Penang but the market without ami
nation and material alteration in prices has taken
place The causes Of the continued want of elasticity
in the trade obviously the stocks OF failed houses
still impending the market the general want Of
confidence which still prevails in commercial circles and
above all the marked diminuton Of consumption in this
article The Board Of Trade tables to the 5th Novem.
Der show the following during the last four months
"A relate to duty paid ar:-July 57709l; August
August last the consumption showed increase
1916 of 1853 s35 cwts whilst to November OF tbs two
the increase only 492 $50 The duty paid
crease to that time, the period last year
being 1876 533 cwts The extensive failures the Dutch
sugar trade have not little conduced to the general
rsngement Of the European market In Liverpool sales
OF sugar and colonial produce and difficult
to eff C. at fair prices
In cured provisions there quiet but steady demand
At Liverpool the purchases in beef limited. and
prices about COS to 92s per eroe The value of pork
both of home and foreign production has declined and
the current rates in the London and Liverpool markets
are from 4Os to 6ss per br In bacon report heavy
demand and although holders have accepted much
lower terms during the fortnight the transactions
limited There is hardly any inquiry for hams Of any
description Chee.e however in good request, and
both at London and Liverpool fine qualities ud ready
buyers at the quotations
Rice is in very limited demand both here and in Lon
doo although lower prices would be readily accepted
London dressed Carolina s steady at 32s first and
20, for second quality Yesterday, Dec II, in the Lon
don market there were buyers. except at reduced
rates, which importers not inclined to accept
The several articles usually denomiuated naval stores
are In fair demand the market firm and the dealers
have to pay 1913 for Stockholm and los cd to 2Os for
Archangel American spirits of turpentine command
3is cd to 35s casks included The sale of rosn is dull
and prices are rs to % Sd per cwt
The state Of trade in the districts is
reported 20 De In more encouraging position than that
last noted Cotton fabrics in better demand at Man
chester Long clio his together With few other fabrics
suitable for the Levant trade in request aud
better prices are paid In other descriptions Of goods
prices are slightly giving way There are more hsnds
employed in the several mills and gradually the short
time system is being curtailed From Leeds we learn
that the market for wooen goods remained steady the
tendency being towards improvement. Huddersfed
accounts state that sales being effected in the
Cothhals chiefly in the lowest description of goods
There also inclination to purchase the better sort
of woollens The demand for annels Rochdale dull
The fluctuations In the funds have been less consider
able during the month than for long time previously
The Bank Of England having as 1t will appear by the
official returns, replenished their Golfers with bullion to
the extent Of Sl 032599 in both departments the
sion of that establishment is safe and salts
factory The minimum rate of the bank for discount is
bard street at 5h per cent but greater dstrust of
secondary class exists than at any period Of the
year. accordingly for inferior paper high rates still
demanded. An unprecedented number Of bills of the
retail trade left unpaid the 4th inst Consols
have fuctuated about IA per cent since the beginning
Of the month. The range of prices has been, during
that time, from about IS to s6< for money and the
books now closed for the dividend in January The
quotations for the account have fucuatd in about the
same ratio prices the whole being far steady
up to this week than for two three months past
Belgian loan said to be in negotiation to the extent
of 90 millions Of francs the deficit of In Bel
GUM being estimated at 80 millions. The surplus, If
raised would be applied to publ, works During the
last two or three days the reported precarous position
OF NJ Guizot In the French administration has caused
an uneasy feeling and prices Of Conso for the
dropped to s4zS, but afterwards rallied. The latest
quotations. yesterday for consos for the account
80 TO sos The new threeand per cents have
been So TO s6 and the three cent reduced si to
S4A Bank stock is worth 1861 to 1857. Exchequer
bills have been to l0s premium.
Tha market forsion stocks has