The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-02-05
AFFAIRS IN EUROPE.
our London Correspondence.

Our London Correspondence
LoSDoS, Jsa 10, 1854.
grlpce Runners Reporied Pcio,ing 81 Spanish Fi''e"
"A Commecicl R,trop q q the frade q England Jor uS
pal rear.
AtegsphIc desps.c n M Md i'd Of the sh January,
announces the death OF the bors Princess
Two curious rumors are here shost.
The Hitt that the aforesaid royal infant died by pol
son .nd the secoia fhftTtnes Albert wa, under ar
rest for treason IN Windsor, Cate for four hours on
Wednesday. Es,....,.e
Believe them who may, but remember that there Is
seldom sn pusecom panied by the devoppg element
glance ct the several phases Of the mercantile world
in the year trpngh which have managed to pass IN
,eetsd by thssvls OF unfortunately looming but too
surely van ~ doubtless acceptable TO the Neg York
readsfS an S8RiRkshA. trst month o, 1854. rransac
tons, IL auesssa, q ri M .spost certainly b. by .
cessation Of ei2tns which may be resumed
till the vans of thu present may in the end OF
next December omonstrAts in sons measure, BY yeer
ence 10 the figures an about to send you cscna
BILE injury inflicted ~ tbs struggles OF
snding paons and the back FardAL lions to which
trade and speculation are cor e-d 80 injariousl7.
The year indeed tina has uht mAy fairly be re
yrrsa 10 I'm troubouE times FOR vi psAcs can do for
enterprise hal enterprise Effect for prosperity
At the corresponding period OF last year OF
success in every branch OF barter and iGdusry we're OF
the most aging dslcript The oily bhromet.r-
eonsols stood above par without the dividend, which
now standing FIVE being then bat st tao cent ths
strsnss .noma presented Itself commsrcal circes OF
s sor Instance you'd refnse to receive ready money
roudatioI cAsh, from wh,h hve PER cert would be
deduoted being 10 &c; the oil, cashei for two par
cent the bank and proa,ipg f3 for every hundred
sterling So ,cundly grounded indeed, have bsen
that they have in fact been
than reAs-c by th-ir present appearances under the
pr-sent turn OF pbiiic
temporary p.ris indeed, st the close Of the year
trstensd several exteasi failures Aod the fears ca
,fs led ian
colonies Ised alarm for the sactious thoss
mars The panic however passed Awsy ard ths three
per stand, Wit the diyc end 94h Ia the
~ OF an almost -ceAeptdy bad harvest and the
n, spect ola worse besides an Earopean while the
luaubous phes with regard 20 Australia have been
upd TO have be, faacioua by the uner,ing criterion
OF success, viz the exo-ss of demand above supply.
In the month OF January notwithstanding the gradual
drninution II bullion at the ,spk OF EaslSnd which,
being OF greater figure the proceeding 0tb July
than bad previously been kaown, stcod 81 twenty
millions eight han6red thousand pounds the rats Of dis
count uAntainet its ground ~ per cent par ly
owing TO The current payment OF the dividends.
On the 9th OF the month, however the directors, i.
auenced by the unavorapIs aspect # eisn
the absence Of poets for cuturA ops
rAtons and the slow but constant drain the bullion
advanced the rA-e Of discount half per cent and
consols, sympAthspg with this movement, sustsinst
fall TO 90 The quotations however were not ns -ked
during January below this figure, Notwithstanding =
second advance in discount to three per cent unim
peAchabe paper No further alteration Of nots ensued
until july ocnsos scing in February within eshth OF
l00 and touching par again al length In March; the
exalted condition Of the money market ASHAMED
during the months Of April ano May, and teuchsd l0l
In tie edir month Ii tie later than this pc od
however, owing to thu persistence o. those which
Influenced this pAnk in it decision In January third in
crease In the rate OF discount svpt funds down
sT4 and public securities serAy wsvered very muoi
until business oecana for time arly petey para
y zed by the mole stirring iueg Of this occupation
OF the Danuoan priscples by he forces Of tns Car
During this period ethsr marketable se;nrt. sustained
various alterations owing indeed, partly to loca innu
ence. EIchequer bills for example ia consequence Of
the announcement OF the Oh snceor OF h. Exchequer
February ON "a
bib issued would be reduced 10 II per diem sustained
heavy fall Having ssn d Ii January At 7as premium,
they declined In March to par ana IN September had
gone down - low "a l7a. discount.
In those foreign securities dealt in in the Eussa stock
market there also many violent huctus ions.
Buenos Ayres wtioh in Jsouary stood al FELT oy the
end of the month 10 cent touching 80 IN March tav
recovered in May to 72a Last mouth They A. 6s
uhan bonds again IN Janusry wsrs = 0s and nov
bu. l03 white most fscuA'ion / ~ bssp ob-srvAb~iu
RussAs bonds, consequent upon the various successes
and in the EAst, AMI specuaons on peacefa
issue to negotiations In January for instance tns
csDts dealt 10 At l2lA but We fallen as low - III
The upenvi bly, crowned Spanih oosds have varied In
price FROM 81 4 to 46a. We ma mention that in March
. new Peruvian loan -ss Effected Tor { 900 600.
The an uot Of oulhon IN tn o.ns, 'h'oa T- have
various dilaiDutons. In Februlry thsrs ~ere in the
CO lars but 1s millions And tsis tgue altered anota r
hall million by tha l2h OF March. returning TO II mil
liens May and falling regularly, Alter smpo arr re-
coY.,y in Jane to Is millions, by me 18TH o. september
sbseTvs IT ' s1 oo "a
On III 2lst OF May there was reduction 81 intsrst on
india soncs 10 20 per cent, tuoseqa-nJ rss'd
however, TO 81
No great char noticeable 10 consola until Sspem
ber hen the panic OF SO set down they vent to
eps and sxohsqurr bills 10 IL sstllogs ciaount This
r.ot DE- cliue MAJ wing the cipAdons OF positive
disabilities on ihA Dauubs-tha 'or-o 7diug4 OF the hAr
vests ut home sbrosdtae growing escontsn IA the
portbern ctrins districts, inhuen ing Aoms con
sump.iat and DOUBTLESS In ASSURE the shelsrs
To panic tbseank direc ors advanced the dis
five per cH on dsput,be oi'is tns h8nre AZ
which aceoma oasacn Is s,i rae decline suisd
to was not however, mAntaiued and topic has besn
20 seper Sjy ewet upon me present high price OF
peeures in the face Of desrh nod .ven famine social
disnnnrant md f1rriga oolliiS6 shA arell IN this