The Daily Times.
Liverpool, Merseyside, England, 1860-07-16 00:00:00

CHINA:

The China.mail of May 23rd expresses a doubt
whether military operations can effect much, or
almost anything this year.
Sir Hope Grant's departure from Hong Kong
was fixed for May 30th.
The French Imperial S.S. Isere had been
wrecked going into Amoy harbour.
The British commissariat was endeavouring to.
purchase 1,000 horses in Japan for service in,
China.

At Swatow Mr. M'Cann, of the customs
department, has been murdered by filic Chinese.
Commercial news anticipAted. - - .

The following appeared.in our later editions of
Saturday :

THE LEATHER TRADE;
A meeting was held yesterday-of the creditors
of Mr. G. Sullivan, boot and shoe manufac-
turer, of. the borough, who stopped. 'payment on
the 30th of June. His liabilities• amount to
£50,000, and his assets to only £2,500. The de-
ficiency of L 47,500 is accounted for as follows :
Loss _on leather, £17,000; bad debts, £14,800;
trade expense, £3,000; interest, £4,000; loss in
boots, £8,200 ; on hoops, £5OO. The statement
created great dissatisfaction. The estate is to be
placed at once in the Bankruptcy Codit.

n the corn market, yesterday, there was a
moderate btisiness at the rates of Monday. •
The produce market, this week, has been
denerally steady but inactive, and the continental
emand shows little improvement.
The number of artisans and labourers employed
in the Royal Dockyard has been undergoing a
gradual reduction since February, and had been
reduced from 20,000 to 17,439 on May 1.
The show of the Royal Agricultural Society, at
Canterbury, has been below the average. The
receipts in the show yard will be at least £2,500
less than they were last year at Warwick.
The manufacture of the Armstrong breach-
loading guns is progressing rapidlr Ten 40-
pounders arrive weekly, 'at Woo with, from
Elswick. The first proof of the 100-pounder
guns took place yesterday, at the Royal Arsenal
butt, and it is stated that, by the end of the
year, there will be upwards of 400 of that 'class
of guns ready to be shipped for naval service.
The largest brass gun ever made in England,
and intended to be bored as an 80-pounder, was
yesterday cast at Woolwich. The piece of
ordnance will be rifled as a njuzzlc-loading gun,
for the purpose of being tested with guns made
of cast and wrought iron and steel.
At the United Service Institution, yesterday,
Colonel Shafto Adair delivered a lecture on the
means of defending the metropolis against attack
by an invading army. Sir J. Burgoyne took the
chair. The lecturer said the subject was taken up
because it had not been treated by the National
Defence Commission. He did not clkal with it in
the tone of an alarmist. The general effect of his
facts and arguments.was to inspire confidence in
the result.

The Times quotes a letter from Rome which
states, that a serious disturbance had taken place
amongst the Irish Brigade in consequence of a
discussion as to who were the best Catholics.
When an armed force was sent to restore order
some of them threw the furniture out of the
windows. One Irishman had been sentenced to
death by court martial, but the Pope would not
allow the sentence 0 be executed.