The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-02-21

from the burst Of bubble, after having been oecu.
pied for months In exposing it, hollowness 1t could
scarcely desire an easier or more complete triumph
than that which was afforded last night to those
VINO have endeavored to pacify the late noisy agi-
tstion any party really wished to quiet the minis
| try, this measure would ause their overthrow.
The Herald condemns the proposed measure in
the severeet terms, and declares it is for the peo-
pie to take the matter into their own hands. II is
for them 10 say, will they be satisfied with mea-
sure which its authors tell US cannot be enforced
The DAILY NeU', alludng to Lord Johns COM
parison OF his position to that Of man raising his
| arm, and throwing himself into position of de-
fence, fears that the public will 90 away vita
little admiration of the Premier's "pluck" or the
sincerity and ability of the Ministers to fight the
great Protestant battle.
The chief effect of the new bill is evidently Of
temperate nature, not so much repressve as an
tagohistic to enter upon q campaign with Rome az
the Premier proposes, in which the English and
Irish Catholics are to take up arms as perpetual
guerilla, instead of seeing an end to it in 1851.
We may make up our minds to have it to endure
the remainder of the century.
The Morning Post praises Lord Johns speech,
but wlthholds its judgment until the bill tse II
shows the details of the proposed enactments
The Morning Advertiser is of opinion that great
and grievous will be the action caused BY
the bill, from extremity of the country to the
other, and that the nation will be equally amazed
snd indignant at the course which Lord JohnRus-
| sell has determined to adopt.
The Corn Trade or Europes
From tho London Mercantile Gazette, Feb. II
Ihoukh 1t 10 admitted, In the speech from the
thf0ae, that the agricultural interest is laboring
uEder great depression, there appears to be NO in
lention, on the part of her Majesty's government
70 endeayor to mitigate the evils inflicted on land
lords and tenant farmers by the adoption of free
trace. Meanwhile the valHe of agricultural pro-
duce continues to decline, the importaons from
abroad exceeding the quantity required for con.
sumption. The grain trade has, since this day
week remained in an exceedingly dull state at ali
the leading provincial markets, and Prices of wheat
have unde rgone further reduction This may be
attributed to anxiety on the part of importers to
dispose OF the supplies recently received from on
board ship, and by that means save the expense
which they would otherwise have to incur for
landing and partly to the expectation that early in
spnne, shipments on rather liberal scale will be
made nom The northern ports Of Europe for Great
Bri ain. The circumstance to which we alluded on
thus DAY ee'nnght-viz the continued receipts of
hour-has also tended TO lessen the demand for
wheat; and when to this we add, that buyers have
generally conducted their operations on the hand
10 mouth systsm, owing 10 want of confidence
in he future, it will readily be conceived that,
with the home supplies in bad condition, farmers
have found II difficult to sell, by submitting
20 lower prices. The character of the weather has
undergone very little alteration; we have had
slight frost on one or two nights, but scarcely a
Gay has passed without rain held work has conse-
quen,iy made little progress, end no improvement
has ,sken place in the condition of the corn IF
last years growth BY the most recent advices
from the continent, we learn that the discourse iug
he hAd Ina hAan Itnsv
out IN iuence, end that holders of gram had wer-
ed their pre,ensions. Sill prices were relatively
higher al the principal Baltic markets than in this
country, al d the contracts entered into for spring
shipms nts had therefore been comparatively unin-
portant We are, neve rheless, OF opinion, that 50
soon as the season shall have advanced Gent.
" 10 cause freghts and the premiums for insu-
rance 10 tect me more moderate than they now
are, that shipments TO England, on au exte astve
scate, viii take place Stocks are not particularly
heavy al h- principal ports, but there are large
lanuues OF corn in the interior, which growers
have been prevented, by the bad state of the
roads, from bringing down ; these must, no vever,
come forward, and the greater part will ulti-
mateiy hnd us way TO this country. At Mark lane
we have had another very dull week; and so lutte
change has tsken place in the position OF affairs,
that our remarks must he almost repetition OF
what We tten stated. English wheat has come
forward sparIngly the total qua nifty received coast
~he nom Saturday up to last night, having
amounted to only 2, 100 quarters The quantity ex-
hibied by land Carriage samples from the neigh
tendency OF prices has been rather downwards.
On neu6Sy factors commenced by asking former
rates. ana they succeeded IN placing the best dry
perces without being obliged TO submit to any de.
cline After the hnest lots had been selected, the
mliers refused to continue their purchases, and
several runs were LETT undsposed Of the close Of
business. These were again offered Wednes-
Gay. ana portion of what was on sale this morn
Ing coDsisbd OF interior qualities, left from
Monday, which buyers were as unwilling 10 take
ar before, hence few bargains were closed, aud
prices remained nominally unaltered. The arr
vbis from abroad have been much lees plentiful
than sst week, notwithstanding which there has
been considerable pressure on the market, aud
where ssies have been effected the turn mas been
DECIDEDLY In favor If the purchaser. Polish Odessa
WI, al, on the coast or on passage, has been held
win to'egahle flrmness at late Rates very little
disposition has, however, been manifested 10
buy free on hoard cargoes, and the operations IN
thus branch at business have been more circum-
scr,b.d th,s week than for some time past The
nnliers have made no change in the top price of
town manufactured Hour; secondary qua ities have,
IN consequence ct an active competition with the
lower grades of French flour, been very difficult 10
gut, ana have scarcely sold so well as last week.
The arrivals from abroad have not been large, but
there are good stocks Of foreign on the whtrvss.
Fine English mailing barley has come sparnyl TO
hano, aud has commanded quite much money
as before The commsner kinds were, on Monday,
iarisd with a shade lower than on that day sen.
nishi, and me demand has certainly not improved
since then. From abroad we have had large sup
Plies Of this gram, aud grinding qualities have ia
some eases betn sold al rates which importers
would act have accepted last week. The tran
sacuons IN malt have been on quite retail scale,
end the value of the article has undergone no
change. The arrivals Of oats have been tolerably
COCO. and, ADDED to what was previously ahoai At
th's port. the total quantity has afforded ample
display at samples from on board snip; and the
dealers having acted on the reserve, they have
managed To buy all but the very finest sorts about
I'd psrquar'sr below former quotations This de-
cline wns partially submitted 10 on Msnday and
more generally the morning Beans and peas
have excied very little attention, and prices have
rfmained about the same they were last week
Full eims have been asked for Indian corn, but
have heard ~ no sales for some deys past.
messrs. Jaekaep, Sons q Co.'S Circular.
LIvsRrooL, Feb !. 1851.
For period of FIVE weeks our cotton market has
ben subjected courss Of action By the trade