Smyrna times., 1855-12-19
The News from Europe.

| ~ 'ec'IS IKE ola peaceful times again, wher
the most important portion of the news from
Europe is the financial and commercial intelli.
gence. Such, however, is the case with the
news brought by The Baltic on Monday The
great points are rise of one and a quarter
per cent IN consols-growing mainly out of in
creased hope of peace-and the downfall of tho
great sugar speculation which for some sly
! months pIst has been raging on both sides of
the ocean. Under the pressure of this snecr
'ation In Europe, sugar had risen to such enor-
nous prices for the consumers that the Francb
government was constrained to appoint a COM
mission TO inquire into the cause of tho door
neSs' whlle IN this country the cost of ordinar rv
| ave" orleans Is to-day AZ much as seventy nor
Ce"' dooVe that OF the same article a wear AGO
OH 'he European side, says the Tribune. this
inoFeIle*t mas now been arrested and n de-
I'''e "t nfteen to twenty per cent has already
Ope" experienced from the highest prices The
cauSe Is SIMPLE; as long as the rrea, housas
cuSaSeu III the operation stood ready 10 buv
ali the sugar in the market, il was nossiblo ~
Keep prices steadily moving upward ut tho
moment those houses stopped buyin0 and ,r;ad
10 sell, the bubble burst, and prices tnmbled
whether tins decline will also be felt in This
country depends IN the first place on the abil-
w. oi operators to carry their stock, and in the
second place on the truth of their assertion thai
'hp crop now to come forward is a very short
one. '''''
From the Crimea there is no intelligence Of
ueW nnIlary movements, and it is apparent
~ rn"' tue campaign is closed for the season
"e ohly recent martial exploit is the expIo-
sun oi powder magazine in the English camp
by which some 300 persons were killed and
wounded. Meanwhile the Allies are dovo,,nu Iuu
themselves to the duty of ra zing SeyastonoI |
and destroying the Russian naval works. 90 |
That not trace of the whole will remain wbon |
u becomes tJ be finally abandoned. Tba, |
Abandonment Is not TO be expacted. bowevor
uutii peace Shall be concluded and upon thai
SuhJ'ct we have merely the old rumors on one
9'dr' aNd inc old contradictions on the other
lnere are, likewise, runors in Paris. on tho
evacuation OF the CrITnea, not by the Russians
Out ny The Allies. The portion of Sevastonol
IN possession OF the Allies is to be entirely
Tazed, as we have said, and the demolition Is
now gowIng on. Kamiesh, Balaklava and r., l.
Datorla OH the other hand are to be numorouo-
y garrIsoned and the other of tn; allied armv
s 10 leave. The Sardinian contingent il :
sand will winter at Varna.
Much Is expected, onsall sides, from the ;o.r-
ley which the Gar has made from ono end ofl
lis Empire to the olher; aud the { ,estion oc.
'urs' what Impression has he carried back with
nm TO 81. Petersburg! He was thus enabled
o see personally The state of the countrv IN {
udge OF the spirit of the nation, to estimate its
eSouiceS' ana 10 convince himself of their ex- ,
i"usuon OF endurance. The warike excite
! Ie"' III huSsIa' II seems, does not abate.-
oucH'hg the prosperit! OF Russia, the German q
apers state that Russian cotton manufactnro 7
now hourlsling, and that since the blookode :
i the Baltic is raised, and the Winter renders
he internal roads and communications vor,, @
asy' Immense exports of fax, linen. IInseed i
enp, and so forth, begin to arrive AZ MemeI {
mother fact regarding the DEVELOPMENT of r
Susslan industry is significant, which is. thai
ae war having stopped the sugar importation.
immense quantities have been made from the C
eet-root, aud the rise of price has been accord.
lgly insignificant. &This, however, is the in. A
arlaoIe attendant on Protection, whether di- +
sctiy laid ON or resulting from the evil OF war:
hd hussla may henceiOrIh be independent in p
as the whole southern por,ionI
tue Empire Is exceedingly favorable TO beef ia
uiture. There Is u rumor that the whole mall 81
Will be called 10 arms to form the
rr'ere,6dn of the national forces. In The al
reat cities the fashionable women are intense. al
patriotic. French essences and knick-knaeks fl
nd no purchasers, and domestic products, in vi
rior or not, are sought for. These all are N,
'or lndlces OF "A Russian proclivity to peace.
From Asia we have the news received bv 'e
iegraph at Liverpool shortly before the d. OF
Iriure OF the steamer that 0mer Pasha yeos Ii,
lVanclng upon Kutais from the River Inoonr
here he had stopped to iptrench himself etfor A.
osslng the river and defeating the Russinns ,,s us
I,s ils Is possible but not very probable. ~
The international Conference on the Sou,d Sa
les was opened at Copenhagen on the 20tb wi
l. NO representative from the United Stntes 90
Is present, for the reason, according 70 The :
lroPean journals, that the American 1;ovrrn-
mt mas made or will make, private arrange "
INT OF the question with that of Denmark bu
Some changes have taken place in the Rrit- DE
Cabinet The London Times has several a.
re silly articles on iiiI mares nest ot war as
tn the United States, lot
~ Remember the Ladies' Festival at Dorer 40,
Monday and Tuesday evenings next uer