The daily union. [volume] (Washington [D.C.]) 1845-1857, 1846-01-24

attempt on the part Of ths enemy TO preepitate hos
tlites hardly fail to be attended by their over
whelming defeat The Sikh army had been ar
ranged in three divisions, one commanded oy Sir
dar Tel Singh, (rhe late governor Of PeshaWurO
another by Rajah Lall Singh, and third by Sirdor
Jewun Singh. The affairs Of the government con-
tinued 10 be administered by the Rance. Goolab
Singh was still at Jsmoo. Scinde was perfectly
quiet, and the troops generally healthy
For the rest must be content 10 refer our read
ers TO the eopious extracts from the India papers,
which will be found elsewhere.
THE MARKETS.
LONDON MoEEY-hARKET, Jan. "A great Teyo-
luton has taken place in the money -market since we
last addressed our American readers. During
the period OF the political movements which
are elsewhere fully detailed, the market has
fuctuated greatly. The prospect of Lord John
Russell taking Office, whilst, was generally
believed, he was not strong enough for the
place." caused u considerable Decline cOnsols hay-
ing at one time reached 80. 10 92. The return
Of Sir Robert Peel 10 Office had a striking
effect upon prices. rapid rise gradually took
place upon the inability of Lord John Russell TO
form an administration being made known. The
latest quotations of eonsols became three per cent
higher than those Immediately preceding that event.
with immense amount of business doing, shows
that his return has been looked TO auspicousy
by the moneyed interests ofthe country. The Amer-
can Presidents message, which was looked To with
y,
IL is variously viewed by different parties; but on
the whole is considered favorable TO the pacific set
llement Of the negotiations pending on the Oregon
territory, and with regard 10 revision OF the tariff
il cannot but act fayorably TO British interests.
! In the last day two cOnsols have slightly de-
cned, and they close to-day heavily al 94i 10 Sal
ex. dividend. The other quotations were: Reduced,
94i TO 94.; new st per cents. o7.; long Hnnuites,
10 GIG; India Bonds, 33s. to 37s. premium; ex-
chequer bills, 27s to 2Ss premium; and bank stock
| 203 To 205.
| II may be worthy Of remark, that the difference
in the price Of consos, between the commencement
Of the year and its close is about 81 per cent. Con-
soils in the first week in January last year being
| 1907; bank stock was, at the same time, 2l2 The
/ highest quotation at present is 20J.
| There has at last been something Of an approach
to activity in the foreign market this week. although
the dealings have not been OF importance. The great
difference in the aspect Of the market, now pre-.
sented compared with the loRg continued hesyiness
and inactivity, is the general advance and hTmeI
tone Of prices, which, IN several cases, have i'm.
proved to extent. The increased value OF con.
soils, and the general improvement of all business
| operations, whilst they produce an advance in quo
Iatons, dispose the dealers 10 operate more freely
even In cases in which business has been neglected
| for some time
! REPoRT FoR THE WEEK ENDING DECEMBER 90
i The long document Of the Presidents mes
sage has had little or effect cotton market
Although this important paper may be said to pre-
the lofty tone that expected from IT, there
10 much in favor Of interests of peace and con.
clllaton rising up in both countries, that the pub
lie seem to regard the issue Of the disputed point
with the best hopes Of an adjustment The ag
tatIons in the cabinet, To the government oil
this country, having in some measure subs.
ded, the public securities have been favorubly
effected There is also less alarm prevailing
about the potato crop and the famine question gener
ally. These together have given better feeling to
he ifarfD inIA If
have, Their efore, in cotton market without eN.
! perencing any actual advance in our quotations OF
prices, somewhat participated in the general i'm.
Provement We still look with much interest to
the reports Of the crop in the United States. On
! this point there is nothing new, and can there
fore merely repeat opinion stated in our cir.
cular of Friday last, namely, that 1t will probably
prove equal tn the crop of last year. but so far as
regards New Orleans, of much better quality.
! l,500 American have been taken speculation,
and 100 American for export. The sales of this
day are 1000 bags. The sales for the week are
! q, $50 bales
| LIVERPOOL COTTON MARKET, JANUARY 3-The
sales to the 3lst ultimo having been included in the
annual tables published on that day, no further
statement will be made up until the 9Th instant; il
may, however, be remarked that the demand con-
tnues good, the sales Of the four days having
amounted to about 10000 bags, nearly all to the
trade, and the advance Of I'd. per h. upon Amer
lean, quoted 3lst December, is fully maintained.
\ LNERPOol MARkET, January Z.-froplsons-
American continue to have a steady demand, with
out any alteration in price. Prime in bond, for
ships stores rule follows India beef, loss to
l07s; mess, Cos to 95s per terce Of 1876 lbs; and
prime mess, Sos to S5s per fierce of 304 lbs. Amer
lean cheese a ready sale 56s TO Cos for good
and fine, and Sos to 54s for inferior and nriddlng.
Foreign cheese is held at higher rates. but little busl-
ness has been done. English is quiet the finer
! qualities finding buyers at former terms.
| Tobacco--Tne sales of the month, though not
large have been fair, and the purchases confined
principally for Ireland and the home trade. No
speculation, and but little inquiry for export pur-
| poses.
About one. half of the new, now sampled, COM
prising an equal proportion of Virginia and west
ern; the former proved, as expected, much better
than the previous import; the latter good in every
way, and both generally in fine order and condition
In prices we make no alteration; the finer and
most cooury desert ptions still commanding extreme
rates; though with ordinary and middng, holders
much easier than at the earlier part of the
and, unless some difference should arise between
this country and America with large stock, and
manufacturers pretty well supplied, as is the at
presently we cannot see any prospect of an inn
provement on the present quotations
| SuGAR.--The home trade has felt disincned to
purchase colonial sugars of late, and the business
! transacted privately has been very limited. Mer-
chants, however, have carried frmness by bringing
scanty supplies only TO market; little variation has
therefore, taken place IN prices. The market closed
with rmness for all sorts suitable for the scale and
pan. British-made sugar has dull SALE ow-
ing to the late fall in the price of raw sugar Prices
are only nominal at ASS. to Ats. per cwt There
Ia st only moderate quantity OF refined sugar
being produced, and pr low in comparison
with those that prevail for the raw article.
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| ELEcrRIc-TELEGRAPH AT THE CAPE Coon
HoPE.-The following interesting extract lie from
the Cape Town Mail of November Z:
The experiment of testing the capability Of the
earth to act conductor for the magnetic tee-
graph tried in the grounds of the Good Hope
estate at the upper end of the government gardens