The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-10-20
Talk ON ,Chanve.

The Asa's news looked for with much anxiety, did
become known until fifteen minutes past p NJ
when it read aloud during high change She had
been telegraphed in the ong hours BEFORE which,
it became known put stop to all transac-
tons in produce moments and sales of consequence
we're reported after the TRANSFERRED 1t was, in po
tca and financial point of view hailed as decidedly
favorable though it exhibited heaviness and falling
of in breadstus The prospects Of re establishing peace
able relations believed to bs decidedly favor
able.
The celebrated despatch had proved to be enron
eous least far the statement concerned that
the Sultan had signed the declaration of war; and that
hosties had commenced 1t believed that before
the Sultan, backed he by the naval forces or
France and England would, in violation of their
counsel and advice, sign the declaration of war, the
peace movement Of Olmutz and Vienna would reach
Constannople and open door for the reconciliation of
pending difficulties. private letter of the 18th inst from
Liverpool to house in this city, that there is
little dependence to be placed upon the successive
the question of peace that it most advisable
to await the solution by facts Again, speaking of the
despatch previously referred to- it says that later ad
vices since received have proved that Ell .her hoax
or premature 1t believed to have been sent on by
the agents OF Spectators to enable large holders in
London to sell out under The panic such message
would necessarily create and to couHteract the Of
the peace movements of Olmutz, which had depressed
prices And appeared from the letter referred to- that
the publication of the despatch, the demand improved
and prices recovered within ID wheat and Cd -four
Of former quotations. After the contradiction by later
advices Of the DESPATCH the decline compared the pre-
vous market day which it received was 3D. to 4d
per bushe on wheat and nearly Is per barrel flour
1t stated that the despatch referred to had inflicted
vast deal of mischief both England and in the United
States 1t had caued large amounts of property in pub
lie stocks and other securities to be sacrificed under the
panic it had created The effect in this country
protracted than in England because the contradiction
more speedily followed the fraud there than here.
AT the morning Exchange, breadsuffs heavy Com
brants Of State Hoar closed at IS 50 Sc g. Wheat
active, but prices favored buyers Corn also
easier.
About 700 bales Of cotton sold before the reception Of
the news at &c. decline.
The clipper ship Davy Crockett of ZOO tons,
launched at Mystic yesterday 10h A. NJ. She is the
largest ship built at that place. As freghts to Cali
forna not good they to Liverpool she
to sail from New York for the latter port.
merchant considered the present habit adopted by
of the banks of loanng money CALL was illegti-
mate and reprehensible.
We learned that the statement to the effect that the
large sugar refining firm OF Rhode Island had been engag
ed in outside operation. incorrect Furthermore the
assets Of the house turning out much favorable
than had been anticipated. The report Of their having
purchased large stocks Immediately preceding their fail
contradicted.