Baltimore commercial journal, and Lyford's price-current. [volume] (Baltimore, Md) 1840-1849, 1848-05-13
EIRopE RY LAST ADYICEs.

EUROPE BY LAST ADFlCES.
From the European Times.
Not the slightest amclioration has taken place in
| credit or confidence throughout Europe. In France
commerce is at Il complete stand and the uncertainty
which hangs over the financial position OF the rcpub-
lie quite totally prCcludes any security being ielt tor
the future. The paper currency is gradually deprc-
catng IN value, and gold and silver continue 10 be
boarded up. At Bordeaux any appearance Of rcyivng
| confidence is constantly checked by disturbances OF
the pOpulacc, and the same thing prevails IN almost
| every commercial town throughout France. From
Hamburger merchants write with great despond rncy.
The next accounts from that quarter are looked Tor
with great anxiety. Bank Of Discount is being
formed at Brussels upon the principle OF mutual asslH
lance TO all classes connected with trade The same
principles will be brought into play at Charlcrol and
| Luxembourg. The capital is TO BE- guaranteed, and
Government will be applied to 10 grant license Tor
% years. Business is improving in Belgium aud VIII
/ increase if the Bclgans permitted TO remain at
! peace The last accounts Of the Bank OF Discount
continue TO be miayorabc. The circulation shows
an increase of geo 900, the specie diminuton OF
! ESQ, 900. The Treasury deposits have been redu-
ced E2lO,OOO and the private deposits are also less
! El49OJO The necessity Of advancing E2,oWOOJ
! to the Government has diminished the power OF the
| Bank to discount so large sum OF commercial bills as
before, the present weeks amount showing diminu-
| ton OF E9S3.O0O over the preceding. The Finance
| Minister has not come to any final determination
about the appropriation olthe railways Paris during
the week having been occupied with more vital con-
Germs; but the general impression prevails that the
Government muditatcs carry ing into effect some com
prchcnsvc scheme of the kind. The five per cent
rcntcs are about fol 80; the thrccs, t4l 10.
OOI-COMMERCIAL.
There has been less excitement in political circles
during the last week, and trade atho not active, has
been little more steady. The transactions in Col
onal Produce continue limited, but the markets have
assumed healthier aspect Merchants are less anX-
ious to realise, and IN some instances improved pri-
have been obtained, particularly for Sugar. The
Cotton market remains quiet, and the Corn trade has
! SEnIt 10 firm
yond las; quotations. The demand for all dcscrlp-
tions of Iron is still limited, and prices not improved
The accounts from Manchester and the w Oollcn dis
trcts Of Yorkshire are more encouraging; greater
amount of business is being transacted, and hopes
entertained that, ere long, employment VIII become
more genera and extensive. The stock of Money
continues to accumulate, and is greater than for some
years this period The rate of discount Is still low,
being s. per cent. for the best bills. On the whole,
the prospects in commercial affairs have assumed
decidedly better appearance, and we consider that
there Just grounds TO expect that they will con
! time to improve.
The transactions ia the Cotton market are to mod
crate extent; but the trade throughout the United
| Kingdom keeps rather steady The adviccs brought
By the Caledonia do not appear TO have effected any
change in prices, although the papers and letters
brought by that mail stated that receipts the Ameri
can ports were the increase. The business done
! in Liverpool, since the sailing of the America, is
2I $50 bales, nearly the same rates then quo
ted, At Glasgow fair amount of business was doing,
and the full currency Of the day paid for all dcscrip
! tons sold. Few sales take place in the London mar
ket; but as prices guided by the tone of the trade
in Liverpool, the rates for all descriptions arc stcadi
| " main aimed With respect TO the future range OF
! prices little can be said Much, indeed every thing,
depends upon the estate of tradc'' throughout the
manufacturing districts and the extent ofthc supplies
from the shipping ports on the other side OF the At
antic Al present stock low 800 90 bales;
at the same time last year, it was estimated at $40
bales The imports of lS4S below those ola sim
liar period in the preceding year by 1877 bales, and,
! as they are the increase, will probably exceed
those Of last year TO considerable extent before the
| close of December next. The export trade is less
this year by $40 bales than it was in S41, whilst the
difference Of that taken speculation from the LIST Of
JAN TO the Doth of April in this year is l39, 500 bales
less than it was in 1871. Taking all these circum-
stances into consideration, it will take time,
even if the manufacturing districts should require
much larger quantity than they have consumed for
the past.
The general tone ofthc Corn trade has been irmcr
| at all our leading markets during the week. The
supplies from abroad continue limltcd and, there
are buyers in the market, holders are cna-
bIcd realise better prices. At Mark lane the va
uc of English Wheat is quoted 40 to sis. per Dr.;
whilst Canadian and United States worth 43 to
Indian Corn, "a to 27s per or. OF $50 lbs. The de-
mand for American Flour moderate, there being
fair supply of English grown at that market On the
9th United States realised 90 to 27s.: and TIL
prices were paid for Canadian. At Liverpool the
| trade rules firm. The imports Of Foreign Grain pro-
ducc from the 18th to the Goth, include 2229 qrs Of
Wheat, 900 qrs. of Barley. 1855 qrs Beans, 1913 qrs
of Peas brls of Flour 1888 qrs of Indian Corn, and
5s6 brIs Of Corn Meal The value of mostly all arti-
clos has advanced at this market There has been
good cxport for Indian Corn for ireland at this market
TIE EXPORTS thereto have exceeded the imporr bv
5000 urs during the last week. Brcadstus will BE-
in GOOD demand for some time, as all vegetable de-
crntons of fond are scarce and prices high The an
nnarancc Of vouno crops are still encouraging and
| will fond TO keen prices at a moderate figure Our
advccs from the Continent represent the trade as BE-
! inc in y nnict nosition
The sugar market has been in an improved posi-
tim dur;n@ thr week and for all descriptions van
cod nriccs are being paid The stock of West India
l. $500 hrIs and bhds more than it was at this time
/