The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-11-13

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rate. Please call at 90 West Br
and reseluts man. He did his duty under the irving
circumstances In which he placed. III his crew had
stood BY him All might have been saved g. CUNARD,
H0wcHis's H01u, Ct James street, London Oct %
| 1854. =
rHs PLANNING MATERIAL OF THE ARCTIC.
EDITOR THE LONDON uxrS.
slR-Having observed paragraph in your paper OF
the 21s instant, copied from the Skippag Gasee rela
tive to the steamship Arctic being planked with pine
beg to observe that having had that steamer under
pair last spring in consequence OF damage, had FUN
opportunity Judging Of her b6ld and strength. Her
red pn IL. woods
rally In large steamers, the former being the best OF
the three and equal to foreign oak and we believe
Majesty's dockyards for planking We would further
observe that the Arctic strong and substantially
country. We are your obedicnt servants,
CATO, MILLER AND CO.,
Liverpool, Oct. 20. shpbuders, Liverpool
Markets.
LoSpoS MONEY MARKEr-Oct. 81, l O'Clock, P. NJ
day noticeable this morning. in the English funds but it
Is attributable TO the natural Of speculation Con
b Sns rss new &
three per cents o.. to X bank stock I'll g 2ia India
Half-past oclock-The transfer Offices Of the Banl.
Of England will be closed tomorrow usual the lt
OF November for the purpose OF making the half
ly balances Until to-day it not known whether
Wednesday would be likewise observed close holiday
a viii 81 Ss rst
consos have reccded to 94s TO ", owing to sales
BY bear Spectators Money generally in less demand
at about per cent. Turkish scrip to 4 premium.
Railway shares are dull, with little doing
ANTHONY coArASY's CIRCULAR.
LONDON, Oct 81, 1854.
quence Of The expected from Sebastopol and the
uncertain duration Of the war. There has been
ers, but it TO be only available call short
paper. The amount seeking investment is unusually
limited. Thus far the expenses of the have been
bonds and increased taxation. Considerable doubt
exists in the minds Of many whether government will be
able to carry the for any length Of time withou
increasing the national debt; but such increased
anticipated by government at present Shoaid u
French government uill ere understand isae proposal
fora netv loan Of 200 0oo, 900 francs The receipts Of
bullion continue large both from Australia and the
land show an increase Of half million sterling, The
exports have been nconsderable. The amount required
DO very large in addition to which the Of 81
in specie the balance of the Turkish loan, to be
the melancholy details Of the loss OF the Arctic Tho
losses at Lloyd's for insurance upon steamers
since the beginning OF the year, have been upwards Of
Wheat has advanced 2os. per quarter since the begin
ming Of September The stock Of the country is prnc
pally in the hands Of farmers. The produce Of the ar
vest is undoubtedly greatly in Of that Of any
former year. The tendency Of prices is downwards.
In American securities there has been limited busi
ness. We have to report sales of one or two large
amounts Of American railway bonds at very low prices
An Offer OF million dollars first mortgage per cent
New York Central Railway bonds at par has met with
limited demand As usual number Of parcels of rail-
way city, and county bonds being offered for rail-
way iron, but the quantity already in the hands of the
iron masters, renders their negotiation very difficult
With the exception Of tin, which shows an advance all
the metals are dull of sale.
Should the chances Of peace increase no doubt there
would be great revival of business If not Of speculation
However, to TO accurate conclusion regards
the progress of the future financial events and the value
OF money in England it is essential for to have
neral knowledge of the annual and expenditure
Of England and to know somewhat of her past financial
history.
The national debt Of England is $500 900, about
Gao to each head. Tho national expenditure for the
year 1854 Is given at co, 600, 600.
Annual incomes above $50 are estimated. 1890 600 600
heai estate 0Oo ooO
Rental OF land .tl6,ooo0D0
Value of the wheat Observation-Disclosures ESQ, 100000
selue 81 me po'asoe r.
mating the population at 90 900, the rate per head
is about 60 3s with wheat at s0s lin 1915 the national
expenditure GOETHE population ID 900 o00
81 los per head-wheat was at S9s) Trade
prosperous in 1875
"a, The produce Of the countryside harvests The
breadth Of land sown With wheat in 1853 Is estimated
600 acres, about 1Th Of the whole number Of
acres in England The produce is estimated at IL goo,
than any harvest produced in England and proba
bly, of quarters In OF last year; have
| nothing therefore to fear in that quarter. fes
"a, The amount of money invested in fereign enter
prise and speculative transactions during the past yea
has been unusually small, and the expenditure at HON
has also been very moderate in addition to which g
| remains due for exports England at time OK
pended in rail oads GOO 600 in less than four years
| aud at the time carried immense foreign
trade, wtbmuch less capital than sho possesses
before her resources exhausted and crisis pro-
poye cheek to favorable and galed ti IN
money markets. Is the duration and cost Of the war;
which, if Of long duration, viii doubt general
financial embarres sment with most OF The governments
OF Europe and produce continued inactivity and un-
certainty in trade, which may prove most Disastrous in
/ It's consequences.