The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1835-12-22 00:00:00

LONDON LATEST NEWS.

City, Saturday Evening, Hanmst Seven o'elocl,
An undertaking is now on foot here which has excited toe
greatest interest among all parties here connected with, or in-
terested in our trade with 'Bengal, and seems to teem with greater
probability of 'benefit to -all parties, than any of the numerous
projects which the last two years have given birth to. An asso-
ciation has been formed here for rather is on the eve of forma-
tion) for building a harbour at the entrance of Hooghly river,
either at Brunswick island or some contiguous part, erecting
warehouses, with wet and dry docks for ships•under repair, and
forming such other buildings as will be necessary for the pur-
poses of trade. From this point, which may be reckoned at
from 35 to 43 miles from Calcutta, a railroad will be construct-
ed, by which passengers and goods arriving from India will be
forwarded, in less than two hours and a half from. the time of
their arrival, to Calcutta, instead of being, as they now are,
from- 11 to 20- hours by the perilous and tedious route of the
Hooghly. Of the dangers of the navigation of this river it is
needless to say-it word; and when the value of the property ex-
posed to these dangers is considered, it must be a valuable-desi-
deratum indeed, if any other routes ran be formed. It appears,
by the surveys of the most experienced and eminent navigators,
that Lacone-s Channel and Channel Creek, which lead to Bruns-
'wick Island, possess throughtait a perfect depth of water, that
during the monsoon, ships may moor inperfect safety, and that
if the--hatbdur and its appiiitenauces are constructed, thir6 is
no impediment whatever to the safe lauding of passengers and
goods, and their transit by the line of railroad to the spec of
time noticed aboVe, and at a small comparative expense. This
project has caused much.excitement here, and has received the
countenance of many of our leading men.
The public securities have evinced again to-day much acti-
vity, and, at the termination of business .this afternoon, pur-
chases Were made at the highest quotations of the week, viz.,
at 9lk for consols for account. There have been rumours •eir-
culated to-day of the probability of a dissolution of parliament
early in the spring; but the opinion- is that they have been cir-
culated for stock-jobbing purposes only, to check, if possible,
the tendency of the market upwards. The heavy.stocks, also,
closed with a Jinn , aspect this .afterno.:n. Exchequer bills
have been rather less firm than during the greater part of
the week, having fallen to 13 premium, but left off at 15 pm.
India bonds remain-at 5 pm. Ihe (minium of the West India
loan has been sold to-day at 31 pm. There is now so small a
•quantitv of this descrotion of investment unconverted into
stock, that trariaetions in it are very limited. Bank stock has
advanced to 2111,
•Which was the closing price this afternoon.
Thp laisiuess done in' the foreign stock market to-day has
been extensive, particularly in Spanish and Portuguese bonds.
Strong efforts are making at present to enhance the value of
Spanish stock, and,eansiderable purchases, both for money and
time, have heeu made. Spanish bonds, which opened this
morning at 471, rose to 481, and closed oulyl pet cent. lower.
The deferred stock reached 2-17 f, and the passive-bonds 15. The
market. for Portuguese stock is also rather higher than yester-
day, the 5 per cents. rising to 84, and the 3 per cents. to 554.
Up to the termination of business, a slight depression had taken
place. Dutch stock is rather higher than yesterday, as well as
the South American securities. Mexican bonds have been sold
this afternoon at 314, and Colombian at 32,1; but each left off
about per cent. lower. Chilian bonds realised 45, and Peru-
vian 20.

The railway shares command but very little attention at pre-
sent. The Great Western are quoted at 7 prem., Greenwich at
6.1 to 7 pm., and North Midland at 1 pin. The Danube and
Maine Shares remain very heavy at i per cent. discount.