New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1855-12-14
THE NEWS FROM EUROPE.

1t seems like old peaceful times again, when the
most important portion of the ne US from Europe
is the financial and commercial intelligence Such,
however, is the case with the news brought by the
Baltic yesterday, TIE great points are rise OF
ore and quarter per cent in consols-growing
mainly out of increased hope of peace-and the
downfall of the great sugar speculation which for
some fix months past has been raging on both
sides of the ocean. UIder the pressure OF this
speculation in Europe, sugar had risen to such
enor nous prices for the consumers that the French
Goyernmt ut was constrained to appoint commits
sion to inquire into the cause of the dearness;
while in this country the cost Of ordinary New
Orleans is to-day as much as seventy per cent
above that of the same article year ago. On the
European ride, this movement has now been ar
rested, and decline of fifteen to twenty per cent
has already been experienced from the highest
prices The cause is simple; as long as the great
houses engaged in the operation stood read7 to
buy all the sugar in the market, il was possible TO
Keep prices steadily moving upward; but the mo-
ment those house stopped buying and tried to sell,
the bubble burst, and prices tumbled Whether
this decline s also to be felt in this country de-
peDds in the first place on the ability of operators
to carry their stocks, and in the second place on
the truth of their assertion that the crop now to
come forward is very short one.
From the Crimea there is no intelligence Of new
military movements, and it is apparent that the
campaign is closed fer the season. The only re-
cert martial exploit is the explosion of spo|er
magazine in the English camp by which some 200
persons were killed and wounded. Meanwhile the
Allies are devoDg themst Ives to the duty of razing
Sevastopol and destroying the Russian naval works
so that not trace of the whole will remain when
il becomes to be finally abandoned. That aban-
donment is not to be expected, however, until
peace shall be concluded, and upon that subject
we have merely the old rumors on one s'de' and
the old contradictions on the other. Even con
corning Canrobert's mission to Stockholm and
Copenhspen and ito results, the same darkness add
uncertainty prevail The peace mongers affirm
that Prussia 10 to come out with some positive and
acceptable assurances of peace deposited in her
bands by the Car, and that the King in this way
will be enabled to enter into the so called Eu-
ropean concert, from which he was excluded for
not signing the treaty Of December. Nothing
definite on this point, however, comes from Bel
lin; but ct the same time we are told that Ores
den to be the Of the coming congress- Ttese
and ether rumors are aHost, hose origin it is as
impossible to trace 1t lie to establish their truth
A remark in Vienna paper, the Austrian Gazette,
however, may be worth citing especially from
among the mas, Of genetalities On the ate ad-
dress of Louis Bonaparte at the Paris Exhibition it
INQUIRIES touching bis appeal therein to the opinion
Of Europe to decide on bis quarrel With Russia