The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-02-02

must be borne IN mind, that as the Americans hod
possession Of all thu towns ths eastern cosss tas ia
t.rgenoeis distilled through brother Jonsshsn's alsn
DC aud allowance must consequently Ds mtls ec-
cortngy for certain degree of colorlny Tns only
reliabe account, now reosysl, exosp. thos, OH sally
communicated TO our own government, are thoss
contained in ths letters OF ths rssiIsn. Brisish
merchants, aud these generally dR+r widely ia many
respects from thu statements pu. forth by thg
Amsrican press. That thu mas, Of thu Msx,sl
population have 'trong ressntn anst tn, Ansri
cars is undoubted aud the provinces that haze not st
the mssriss inflicted by Che invading fore, ara not
much IN favor OF peace Is also trusi bat wish ths sxcsp
the educated casses In favor OF slsensa AMI 40
doubt euteraned but f)r that purposs
will be immedistely carried iato exscution Wi,a "a.
spect tn the proceedings in tho American Conzrss on
the subject OF thu Mexican war, OF the PROPOSE
lions submittei in either the House OF Representatives,
thu Senate hal bsn brought 70 slch issue as 10
determine the strength OF parties and suty
remain In the sams state OF uncertainty nat behalf
~ before.
10 iRoN TRADE -BiRMivGHAM Thursday Evening, Jan.
l3-rhs principal quarterly meeting OF the rouma 1ters
Tor the prsssut qu>tsr held IA ns To vn Ill of this
town to-day bu although cons derabe interest, in
sequence OF tho state OF the mning Districts
was atcacned 10 hs proceedng nothing occurred wor-
my OF so extended uoNcs The reports OF ths pulley
and Woverhsmpton meetings have sutioipitsi al
most all that can bs said OF che meeting Of 20 day
There was very large attendance of ironm Asters
from Wales, South StafDrdshre, shrop5aire, and
London, and also of psrsooa directly or indrset-
~ Interested ia the iron tcsde lrom various Dl-ts
of the kosiom stu little or nothing was done;
aud moreover. little inclination svnoed toe doug
10 sufficient to say that prices remain, far as the
heads of great d,ms determine them the same as
those tx at Dudley, viz reduction OF D upon last
quarters quotations. The strike of the is daily
becoming more general the masters who declare their
socks TO be small are content to bide their tme aud,
in all probability before another month passed over
unless some unexpected counter movement occurs, the
iron works OF this immediate neshborhood vii! DO at
complete stand.
LONDON MoNEy MARKEr, Jan II, p. M-Tbo state
OF the weather this morning being so extremely unpro-
ptous the market for grain ut Marx lane has been
heavy to day. There bad reports in circulation
atiye to the dividends whioh than two
pended establishments will ultimately pay.
By the letters thst have to hand this ming
from Brussels it IA stated competent auhority that
the Treasury OF King Leopold Is ABOUT 70 b.
ed by new loan 1t is not represented with anything
like certainty what amount will be required The con-
tract will in all probability, be taken by capitalists in
Paris
The correspond nce relative to tho Peruvian Debt
which has recently taken place between the agents OF
the Committee of spsosh American bondholdsrs at
Lima and the Peruvian Government, relative TO the
claims Of the bondhoders is considered far sstsfac
tory that is to 90 referred to tbs Congress of Peru,
that the adopted by the Government OF Chilli in
settling with its creditors abroad should he followed by
the authorities of the former IL would further appear
that there il no dissemination of tina Ministry OF Peru
to recommend that suoh procedure most proper to
be followed.
We have not heard of any failures Of importance this
morning.
1t noted under this head yesterday afternoon that
the Court OF Directors OF the Bank of England had not
rs anticipated would have b.en the case made any al
teration in the minimum rate of discount The policy
ofhie course of questioned by SPECTATORS
and other goa head people. Careful nsu think that
for the Necessities of the day the value Of money
low enough upon good bills and securities.
many buyers OF Consos for the Account and tns
price reached So. Some reasng then occurred the
value of the Rsntes the Paris Bourseuams over lower
The reaction here was to s7 at which large amount
of dealings took place For Immediate transfer there
% .Ss oSas Bank hs from Oh the
point OF 1857 has fallen to 1884, and East India Stock
from $50 to l33.
Scarcely ha q dozen bargains were made In the
foreign stock market this morning. Brazilian bonds
went back from 80 to ST. Mexican rallied from l7n to
lSa. The Dutch two and half per cents opened at
5i4 and now ut 5tS Th9 Spanish three per cents
remain steady ut 2916
The OF the fall of the Rentes at Paris, as COM
munioated is that Louis Philippe really had very
attack Of Illness. Notwithstanding direogcoh-
tredcton had been to the report the French spe-
cula.ors placed some reliance upon the assertion
THURSDAY, O'Clock, Jan. 10 The letter. received
this morning from the manufacturing districts OF Ian,
cashiro not az all favorable. The commercial
failures pressing with considerable reVerity Oh the
producers hou all points OF the ooupas,, and much
anxsty IL felt at Manchester and Glasgow IN particular
turing interests OF Glasgow have been most severely bic
by the house Of Cotesworth Co and every day let
also ultimately be heavy sufferers as they have been in
the practice Of late years of dscountng the bills drawn
against goods exported to India China and South Anne
RIGA on an extended scale
There has been a fur.hsr considerable rise in the
price Of oonsos which have been done for the account
az high as SIN, commencing at SIS The doubtful sp-
pearsnos OF continental politics, and particularly In
spain and Italy, to have nov Lost ell Influence
the minds OF the speculstors who running riot in
similar to ths last account. The report chiefly
made OF this morning Is the assumption that the
bank directors will further reduce the minimum OF
interest at the weekly meeting to-day which for the
time bsng has served the purpose OF the tor
the advance. There was also considerable purchase
made of Three Quarter per cent stock by an in
huentia party which had the effect OF advancing the
price to 80 The Three per cents Reduced have been
sold from SIS to Is, Bank Stock l9I, and Exchequsr
bills, TO 253 prem.
Quarter PAsr Two.--Ths meeting of the Bank Di-
rectors has just broken up without making alters-
ton in the minimum rGte of Interest This curse OF
proceeding is generally approved of by the commercial
interest it is considered that il would only tend TO
stimuli ate further speculation in public securities, with
being any benefit trads unless means are taken to
restore commercial credit.
QUARTER BErorE THREE.-Consols for Account,
s7s6 T.
BANK or ENGLAND.
An account pursuant the ct 7th and 9Th Wet ora,
cap. 80, for the week ending January g.
IssUE DEPABTMENT.
Notes is1u " E25816 10 Govt debt. 6iI 0i5
Other securities. 2.g8t9J0
Gold coin v bullion 10 .t7S e2i