The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-03-02
atirely called for. that It fur.


such to render it far easy 1t is not only on
the ground Of economy that is incumbent the Chan
oor Of the Exchequer to obtain the funds required by
the public lowest possible terms but is equally
important for the national credit that the other countries
Of the world should fairly see the position in which the
obligations of government stand That neither OF
these considerations weighed with his predecessors Is
fitting for regret and as the belief into which the
holders had been lued that the sound principles which
guide every merchant in his business not likely to
be adopted by the government was solely occasoned by
past Encouragement the blame must be borne by them
instead of being thrown the minister who the
first to act upon definite rules. As far the prices
Of Exchequer bills were concerned the effect OF the
announcement such to paralyze the market
and the only transaction that took place during the day
for an amount of 00O between two brokers' 3O
premium No very accurate opinion be formed of
the quotations that likely prevail but
1t believed that the market will be well sustained In
at any time there should be tendency for them to
fall below par will be in the power the government
TO give support, by purchasing them in preference to
st9sa with the money applicable for he sinking fund
with regard to Consols, the effect of the measure,
coupled with the intelligence from France of the pacific
speech OF the Emperor was very favorable The first price
out the day with the exception Of short period, when
tnere were sellers at For the account the last OH
sss 3 ps after regain asoss
closed at 227 to 22S Reduced 1908 to ri Three anda.
SusItsI per cents 1897 to ri Long An1uss az and
Exchequer Bills there was no quotation
The operations in foreign securities were not extensive
prsed-Austrian Five per Cents ss and 81 Brazilian,
Small 1O24 the Five per Cents New, lo2N; Eucuador.
and Peruvian SIX Cents a. Portuguese Four per
Cents 49, and 38; Sandman Five per Cents 94K Span
sh Three per Cents AN; and Spanish Passive icon.
In the foreign exchanges this afternoon there was fur
ther advance in the rate upon Hamburg Paris like
wise shade higher but Amsterdam remained about the
same Is last post vienna and Triest in consequence Of
improved quotations from abroad were more in demand
There considerable demand for money day. both
at the bank and out OF DOORS said that was
borrowed at the bank upon Exchequer Bills for fortnight
at cent The lowest rate among the discount houses
Tor tho best paper was ~ per cent.
Markets.
LIVERPOOL CorToN MARKET Saturday. Feb 12.-The sales
to-day amount to 5000 bales, of which 1000 american
speculation and 500 Pernam for export The mar
ket is firm at yesterdays prices;
FEB A-The demand for cotton to. day has been limit
ed and the Gales barely reach 5000 bales in small guam
titles, to the trade Holders have shown freely and pr
ces are in favor Of the buyer but not quotae
60o0 bales and consist of about 1900 American 100
Pernam and Maranham, at 61ad. to I'd; 100 Bahia at
at BOD to Is Sd The market closed heavily for all but
solid American, at 64d upwards. Compared with Fri
days rates prices Of American under 5xd per lb are
I'D per h. down. Surat is steady, and all other kinds
little affected.
LONDON CORN EXCHANGE Monday, Feb. A.-The corn
trade gradually recovering from the effect of the large
injudicous mporatons Of wheat from the Baltic and of
-four from America. The foreign supply has now mate
rally fallen off, only 2067 quarters of wheat having
floating cargo having in from the Mediterranean
the ports Of call the coast At this mornings market
the supply Of wheat from Essex and Kent moderate
were very few samples Offering by rail from Cam
bridgeshre and Lincolnshire. In consequence of the
general advance in the country the market opened by
the factors asking more money bat the condition of the
samples not having improved the sales proceeded slowly
Is per quarter advance however in instances
higher terms as the severity Of he Weather must oon
prevent any further shipments from the Balc the bust
ness done was not extensive and it only in few
instances that advance could be realized Fine malt
ing barley rather higher and the secondary Sorts
well foreign could scarcely be bought easy terms
at full prices. Flour held firmly, and although
there not much brskness in the Sales yet the late
P,Sfs Were more aeaoy Obtained. Floating Sargoes Of
rates, and Indian corn could scarcely be bought
easy terms as last week.
LONDON PRODUCES MARKET. AINcrNG LAME Feb. Is SUI
gar-The market has opened with firm appearance at
prices of last week. The stock in first hands remains
small West India 400 hhds only sod the bulk consist
and qualities under SSs showed slight ADVANCE prices
ranged from $685. Cd to 40s. $500 bags Of Mauritius
remainder sold at fun prices a2s Cd to 1885, Cd $500
bags Bengal were Easo offered, and about 5000 found
buyers at previous rates Benares, sos. Cd to 4os;
sold At former prices SIS to 37s Refined The market
frm at last week currency Grocery Jumps Ass AIS 3D.
there has been good demand by private contract and
business to some extent has been done in plantation
st s.5 prices go ssf p s,:
been fair amount of business done to-day at fully pre-
vious rates saltpetre-lloo bags sold freely in public
business has also been done ~ private contract Cochi
nealloo bags were offered in public SALE and chiefly
prices. Indigo, }sixth day The sale went on freely
today at very full prices the total quantity sold
is chests; passed auction. Cotton No sales
reported today Tallow has been very firm at the adj
vance quoted yesterday, and quoted AS. buyers In
other articles no material alteration.
LIVERPOOL CORN TRADE TUESDAY, Feb. l5.-The arrivals
ssting Of only 5000 quarters Of wheat $3.50 sacks Of
four and 500 quarters of Indian corn and from Ire
loads oatmeal to report The exports in the same time
comprise quarters of wheat S02 quarters of Indian
corn, lls4 sacks and eeo4 barrels Of flour, &C The
trade has been brisk and holders having acquired
confidence, have been enabled to obtain advance of
Id to I'd per 70 lbs wheat Is. per berreon -four 3D.
Barley and peas in better demand at late rates
No change in oats The weather continues very frosty
At this days market there was fair attendance of the
sness done was smaller than anticipated, and the ad
vance noted on Friday of 3D. 10 lbs wheat and 3d.
last quoted with very slow SALE. Oatmeal. however,
inquired for and Sd. to 3D. per load dearer
the spot neglected but floating cargoes met
with more attention. and could not be bought under 33s
lbraila, cost freight and insurance.
PARIS BoURsE, Monday, Feb. IA, o'clock-The effect
Of the perors speech favorable at the Bourse and
prices, which firm before copy Of it posted
Half per Cents Soc higher than Saturday and the
Three per Cents 2Oc. higher-the former closing at
lUoi ooc and the Ihree per cents at oVf. ooc. Inc
shares Of the Bank of France remain they were whilst
those of the Mortgage Bank 32f Soc higher, and
those Of the Soci6te Mobicre 20 higher Very little
done in foreign funds Railway shares all firm
but the rise is not SO great the rene Exchange
on London, (shor PSI. 7,sc; ditto 600 days) 2 sOc
MANCHESTER STATE TRADE, Fob. 15-The receipts had
again rsen and the last register is bales cotton
on the seaboard at the end Of January against 90
for the week last year. The market Liverpool this
morning had given way, according to telegraphc
nouneemen the Exchange to the extent of led and
yarn market has yielded in sympathy with it, but to
a much greater extent There is however, a good
deal tof irregularty. There are many spnners hav-
ing large orders which will keep their machinery going
for weeks to at prices contracted for when the
market rmer, and these turn deaf to all pro
posals for lower rates. but most Of the orders placed
this morning at decidedly lower rates. In
20's water twist the decline Is 1zd, upon nearly
all qualities; in 30's and 4O's mule, prices are sd
buyers report decline Of I'D and Others u,h
I'D per ID. The advicss by the overland mail from
4;.na 49, 10 naca ri us.na I'd ;s No doSa haa haia