The southern press. [volume] (Washington [D.C.]) 1850-1852, 1851-10-17
Correspondence of The Commercial Adperiiser


LONDON, Sept 80, 1851.
The heathful state of trade and the buoyan'
condition Of the money market the approach
Of which had long been foreseen, have further
developed themselves during the past few days
The bullion at the Bank of England Is steadily
increasing, and by the end of the present week
it will most probably have attained higher
amount than at any former period of the year.
The quotations of tbs continental exchanges
likewise tend to encourage an expectation OF
speedy arrivals of specie from the principal for.
eign cities, so that the augmentation is likely to
be continuous and permanent Yesterday, more
over, the news by the fortnightly overland mail
announced a revival in the Indian markets, whose
depressed condition has for some time been a
draw back to the Improvement in business else.
where
The prospects for the coming winter are there
fore felt to be more favorable than they were
even at the corresponding season of last wear.
The employment Of the people ia general, and
at one manufacturing town of the greatest i'm
portance, Nottingham, where some thousands OF
persons were thrown out of occupation a few
months since, by the substitution of great me-
chanical improvements in the place of hand labor.
it is now said that not only are the whole of the
population at work. but that new h nds are
wanted.
The cause Of this addition to previous pros
perity is to be found in the satisfactory nature
Of the harvest, which seems TO have been a good
average in all parts of the kingdom. Although
the price of wheat is lower than last season, the
fall has not en- to anything like an extent
that will counteract the gain of the farmer from
his additional quantity. Foreigners are now
unable to send il to US at our own prices, and
e &, IL
be no further important decline from existing
rates. In France itappears to have been ascer
tanned that tue crop is one-fourth less than an
average.
At the same time the prob ability still remains
that some farther failures in London and Liver.
pool may take pl zee before Christmas, among
the importers Of produce The speculations OF
several houses are known to have resulted in
such severe losses that their suspension is all but
inevitable None Of the really influential ca
adjustments, however, are at all doubted. The
pressure Is confined TO second or third rate
firms. Even among these the mischief has not
been so great rs was anticip tied, and as some of
them have kept up thus far against the general
expectation, it is Just possible that the growing
confidence in all departments of business may
yet prove sufficiently powerful to carry them
through.
The rapid approach Of the day for closing the
Great Exhibition bias again stimulated the in
terest of the public in everything relating to it
The average number of Yisiters is nov as large
at any perioi 4. Yesterday the totd was
6S 542, being within 5000 of the highest ever
reached, and to-day the crowd continues Next
Saturday week, the l lth of October, will be the
last occasion on which the public will be I'D
mitted. On the Monday and Tuesday following,
the exhibitors will be allowed to enter, each
having the privilege Of taking two friends, and
on the next day, Wednesday, the 18th, they are
to attend meeting of the royal commissioners
within The building which, as far as any annouce-
ment has yet been made will constitute the ter
minatiQn of the undertaking. Should such be
the case, howeyeGit will create disappointment,
although all parties ase so ,bantful and satisfied
at the prosperous course whiah has attendt d il
throughout, that few will be disposed TO CON.
plain. Some persons desire a religious eere.
mony, and this would undoubtedly be uniyer-
sally regarded as the mode which should be
adopted, were it not that all such events are
marred 10 this country by the feeling consequent
upon the displays G.ey furnish Of the exclusive
position Of the ministers o. the established
church. '
A strong impression now prevails that very
shortly tfI,r the closing, tie building will be