The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-12-16
THE FINANCIAL ASPECT.

THE FINANCIAL ASPECT.
THE FALL IN CONsoLs AND SHARES IN LONDON
THE EXPORT OF auNPowDER, sALrPErRE, NJ
TRATg OF SODA AND BRIAsToNR PROHIBITED FROM
THE UNITED KNeDoA.
The London Times ci,y articlc) Of the 3ohor Novem.
Der, shows that e fall Of eo per cent eonoIs and four
TO se per cent IN shares, lc The question Of actual
Is altogether undecided, is net justified By ne nature Of
things. Between January and March, 1854, when war
was declared sgans Russia conscs went from ssl to
sos and within two months they had recovered to 91I
yet the rate OF discount, at the timo Of the out
break, nearly twice as high as at
present and the stock OF bullion at the bank was con-
sdersbly lower Throughout the entire struggle the
value Of money unaltered beyond the extent Of
per cent The railway traffic remained good and tho
business Of The country went satisfactorily.
The position OF the federal States of America is almost
Identical n erey commercial point oi that sohih
pied toraJds rs By Rssc Russia had hostile tariff while
locked 10 her for large portion Of general supply
OF brsadstus But there Is this popularity in present
case net he commencement ,oouM 1e BY breaking up ns
tlocsadc Of the Southern ror a, once se free our industry
from he anaiey Of cotton famine and sure prosperity to
Lancashire through the winter. Al the same timo
sAsn open trade 10 eight millions in the Coafclc-
rcts States oo desire nothing better than 10 be customers
With respect necessary considerations also the contrast
between the periods is all in favor n 1854 we
totally unprepared for war, and had to provide
everything, bit noc By the ,Ye bm unprecedented outlay
q he past three years hare Nained 10 degres Of
eGcient f'oceer s',ch as ecs never before kaunn.
The Privy Council held by her Majesty on Saturday hast,
for the purpose OF issuing order prohibiting the
port from ne Und Kingdom, carrying coas.s,iss Of all
gupoodey, sauQs!re nitrate Of soda and brmsone. The
Queens proclamation is published in the London Gcsae
Ec'raoydinary
THE TRADE In LEAD FOR NEW YORK.
1t stated in the London Times that nearly every ship
loading FOR New York e taking large quantities Of
lead Load is not mentioned in the royal proclamation
The American operations in lead this market date from
tho commencement OF the war. In the German markets
they commenced October. As almost all the saltpetre
used throughout tho world from Dude, yc havo
practically monopoly Of the article.
Lord JOHN RUssELL's uLrINATUN.
On Friday Nov 90. the Cabinet directed lord Russell to
prepare his despatch Lord Lyons on Saturday The
ministers met again to revise and finally settle ts terms
aud IL was seDt OF the same evening"
The London Times understands thai hs oonlnlun!ca-
tiop taoagh ooced The ymest language sesues that
tie jedcro, government will no. rys 70 make honorable
rycya,io,a for an illegal act The Times has bu, small
hope Of such dsavowa
WHOLESOME IDEA or THE DEMOCRACY OF THE NORTH.
At the Of the Last dispatches the act OF the Cap.
tain OF the San Jacnto had been accepted by the Northern
public. The New York journals were urging his promo.
tor That naval olicer had the spirit to board a
British vessel and carry Of rebels is enough to insure
storm OF popularity BY she time Earl Russes despatch
arrive the multitude may hare already declared the
government the treatment which Captain Wilkes is re-
ceye Hbcconsss rs to be prepared r unfortunate iue
IN Canada, in casc Of gar NTH The Northern States.
The London Times advers to Mr. Stewards recent nstruc
,ons to the people the Canadian frontier The only in
ference was that ho about TO force quarrel with
England The Times says The agss course jo Canada yi
De prepare 10 t her at discipline her militia and
emulate The mother country By drilling co,anteey army
Montreal only wants hearts ard icao hands 10 %
safe al the spring returns, ,sle make secure
The danger 70 Montyealor 10 dny other point Of He frontier
sss Cdadda should no: rely too much on as and too Ale
upon he,se!f
THE BRITISH NAVAL RESERVES IN NORTH AMERICA.
oI,t
tie ships, six frigaes Gyo corvetos and twelve sloops
mounting grand total Of 1851 guns The steam gun
boats attached not included which twsnty.on in
number, with forty two guns This however, does no,
include the gunbosts and mortar vessels laid up. Tho
Is. confined entirely effective vessels Of present. or
could be rendered with little delay. Tho ships in com
m.ssion for servce Portsmouth mount 342 guns TAe
total nuser Of gins in The ships enumerated ulore is 22s
pRtie 49airal Mines Net on ne North lms,icaa saon
amounts to s3T guns.
ANOTHER ASPECT OF THE WAR CRY.
The Morning Condon) star declares the statement Of
instructions having been sent to Lord Lyons TO Obtain the
restitution Of the Confederate commissioners Or to take his
leave Of Washington ,ros premature and 80 szoqc,ed as
20 Oe plIuuuy untrue.
The Liverpool Courier (extra) says We have been IN
formed that private despatch has been received IN this
town this morning, stating that ne yar7o, 4 fo,1 %
roccel 10 Aaaapois Nth tic British cctiass ubimztux:
he aelicv.y Gf hc prisoners and fdl rcpdyaioa
ARRIVAL or THE PERSIA AT LIvYarooL-REPoRTEp
NOTIFICATION OF THE INSTRUCTIONS TO LORD
LYONS
LsrErcor, Dec ., 1861.
Tho royal mail steamship Persia, from New York ar-
rived at Liverpool at eight O'Clock this morning.
Tire specuations OF The American press Oh the san Ja
cilto affair, eagerly canrassed here, and he gad d
ducton is that hve is less fear raltgc 5et,ce, NJ
fDo coGa'tics
Gotten opens finer, with come recovery in prices.
Nis rcred Matts cabas, IS modifying is ias!rpciioa
10 Lard Lyons, sndr Tie influence If nc prsa's adpices
and hence the detention Of the Europa at Queenstown