The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-05-06
Talk m sChange.

The foreign by the Asia the subject OF con-
versaon. In its commercial features 1t considered
unfavorable for cotton without indicating material
change in breadstuHs. In money matters the news
considered good and the belief pressed that long
there continued to be good demand in London for Anne
rican railroad stocks and bonds and conso sold 80 high
as 100 100X the rates of interest could not advance
there, sterling rule very high here merchant said
however capacous the English appetite for American
securities there would be no difficulty Of feeding it to it's
utmost safety.
The most important news brought from England was
the proposed reduction in the British tariff which it
believed would be adopted, as 1t was q government
measure brought forward by the Chancellor of the Elk
chequer Many ofs provisions would prove highly advan
tsgeous to American interests Quercron bark was to be
made free with meats preserved in any other way than
saed pickles of all kinds turpen.ne Of greater value
than fifteen shngs per cw spirits ofturpentine Anne
rican furniture woods of walnut and MAPLE would in
free Cured f.h, not otherwise enumcrated Sails Of all
sorts; hair, skins, and manufactures Of kins furs
waste wood for stowage, &C., to be free, and in
which Americans were interested. The duties also
to be materially reduced long list of articles in
many Of which this country interested The duties
to be reduced It considered that the bold
strides England making in liberal free trade policy
and the favorable results which had attended it, by the
increase Of her would not fail to exercise
strong influence the commercial policy Of other
tons the expedency and wisdom Of her course, being
not less apparent than the brilliant national pecunary
results With all these CONCESSIONS there found
CT revenue proposed to be applied to the extnc
ton of . portion Of the public debt, result which had
not occurred before for many long years.
It was stated Change that house in Liverpool,
who had been largely engaged in the shipment of grain
from this country, had stopped payment The amount Of
their liabilities not stated
Among other sufferers by the FIRE at the foot of Fifty
ninth street. North river last Wednesday night was Mr.
Amyang who lost about 81, 900, chiefly in fixtures
which he had an insurance Of only 900.
As the Legislature would re.assemble at Albany,
hope was expressed that 1t would pass law in favor
of organizing commercial court in this city. Merely
charging the jurisdiction Of the Marine Court was not
calculated to produce the relief desired because cases
would arise requiring, from the nature of perishabe
property involved the most speedy judicial action
sstent with the ends Of justice. In other
cal suits would have to take their turn among long
list of actions relating to every sort Of ordinary business
BY having jurist to preside exclusively
cid court, he would become familiar with such
cafes and better acquainted with commercial and
thus being enabled to make clearer and souuder
decisions.
usual the present spring. and were likely to give some
trouble to merchants in regard to the delivery Of pro-
duce sold to arrive vessel which had engaged q
siderable quantity of grain unable to obtain it, be-
cause the shipper owing to the canal breaks, pre-
vented from receiving II. The vessel being nearly full
and ready to SAIL was seeking to supply its place.