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

and ressluts man. h did his duty under no tr,nr
circumstances in which he was placed. HE crew had
Howcnss Hozus o. James street, London, Oct 2s
THE PLANNING MATERIAL OF THE ARCTIC
10 TIE EDITOR or TIE LONDON TIME.
the 2lst Instant copied from the Skppin9 Gals rels
beg TO observe that having had That steamer under re-
pair kst spring in consequence q damage we had fan
blinking was q OAK and pitch pine We s' may remark
that pitch pine red pine, and Baltic the woods gene.
rally in large steamers the former being the best
that these woods are now also extensively used in her
hajesty's dockyards for planking. We would further
built ship could be produced in this any other
country. We are your obedicnt servants
CATO, MILLER AND co.,
Liverpool Oct. 20. shpbulders, Liverpool.
Markets.
LONDON MONEY MARKEr-Oct 81, / O'clock p. NJ
There slight reaction from the uoyancy Of yester
day noticeable this morning. in the English funds but II
Is attributable to the natural course Of speculation Con
soils for money opened at saA, but are new ossS to
account 94l to r. Exchequer bills remain steady at
to 9s premium; reduced three per cents, % to
three per cents 93x to Vi bank stock 21 to 213 India
bonds, los. to l3s. premium long annuities, AZ.
Hafpast o'clock.-Ihe transfer Offices Of the Bank
Of November for the purpose Of making up the
y balances. Until to-day IT not known whether
the stock exchange, but IL is understood that
such win be the The English market fat and
eonsols have reeeded to % y 70 ~ owing to sales
at about 2 per cent Turkish scrip 3 to x premium
Railway shares are dull with little doing.
ANTHONY coxPASY's CIRCULAR.
Our markets continue In state OF suspense in conse-
quence Of The expected from sebasopo, and the
siderable accumulation Of in the hands Of bank
ers, but II seems to be only available call short
limited. Thus far the expenses Of the war have been
IN the part OF England by the issue Of Exchequer
bonds and increased taxatlsn 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 increase
allies meet uith the expected success at SeJastopo, the
French government mi understand issue proposal
fore loan Of 200 900 francs. The receipts
bullion continue large, both from Australia and the
United States The weeks returns Of the Bank OF Eng
land show increase of half million sterling, The
exports have been nconsiderabe The amount req ured
fer supplies in the East for the coming months is said to
DO very large in addition to which the of 81
in specie the balance Of the Turkish oan remains to be
RENTED to Turkey. The English papers filed with
the melancholy details of the loss Of the Arctic. The
losses at Loyd's for insurance upon steamers,
$500 600.
Wheat has advanced COS per quarter since the begin
ming Of September The stock Of the country is prnc
pay in the hands of farmers The produce Of the har
vest is undoubtedly greatly in excess Of that Of any
former year. The tendency Of prices is downwards.
In American securities there has been limited bust
ness We have to report sales OF 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 advance all
the metals dull of sale.
Should the chances Of peace increase doubt there
would he 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 ge
neral knowledge of the annual and expenditure
Of England and to know somewhat Of her past financial
history.
The national debt of England is $780, oo0 about
Gao to each head. The national expenditure for the
year 1854 Is given at Goa 600.
Annual incomes above $50 are estimated. $500 900 900
Real estate TAX ioo 0oo wy
Value Of the wheat eco, 900 900
Value Of the potatoe crop. xao, 600 900
mating the population at 009 the rate per head
Is about IS 3s with wheat at Sos I'm 1915 the national
expenditure f100 600 000the population 00o
or 81 los. per head-wheat was at s9s) Trade was
"a, The produce Of the countryside harvests. The
breadth Of land sown with wheat in 1858 Is estimated
at 800 600 acres about 18th Of the whole number of
600 quarters undoubtedly 5000 900 Of quarters larger
than any harvest ever produced in England and proba
bly, COO Of quarters In Of last year. have
nothing therefore TO fear in that quarter
Cd, 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 arg
sum remains due for exports England at time ex
aud at the same time Carried on an Immense foreign
trade, wthmuch less capital than sho possesses
before her resources were exhausted and crisis pro-
duced. In opinion the only question which can
prove check to favorable and marked improvement in
money markets. is the duration and cost of the war;
which, Of long DURATION will no doubt general
financial embarrassment with most Of the governments
OF Europe and produce continued inactivity and I'M
certainty in trade, which may prove most disastrous In
It's consequences