The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1857-11-05
Z III f DlSP PATCH.
rHuRsDAY MoRNINa. .N1YEMnIrn -
MAILS ny THE .p.no

| ~
THURSDAY RNING.-.....NoygMBER s. 1s,7
FOREIGN MAILS BY THE ARAGO,
The steamer Arago, with dates from Iivernool ,o
the 2oth October, arrived at New Yort Tsasd..
morning. The Ariel, which left New York on ,bs
ID ult had stormy passage Of Is days. The Ara
60 s brings 200 passengers and $2aa,sa7 in specie
family. late Charge dAffares to the Hague chas
r. Loosely, Esq, and family, Consul General from
Austria, Mrs. Col. Fremont, child and servant. Io.
,ehzo starr, Esq bearer OF dispatches from Lon.
don, and Capt Cbas. T. Coffin aud the first off;ce,
OF the American ship Richard Anderson, foundered
al sea.
GREAT BRITAIN
The commercial news from this side the Atlantic.
received by these steamers, had an unfayorable ef
fect on the English Stock Exchange on the 10Th
ult The Bank Of England raised their rate of di..
count from per cent. which was adopted ON tbs
previous Monday, to per cent This step was
taken solely in consequence of the American news
From the Daily News City Article.
1t is scarcely necessary TO remark that the bant
movement, which raises the value of money Ia a
| height unknown since the autumn of IS47. has az.
| CITED considerable sensation in all commercial and
monetary circles. To say that the step was unex.
p'cted wou scarcely be correc sincei 1t mas bes a
| apprehended ever since Monday last and the ex.
tremely adverse character os the American naws
iuoiisned yesterday, at once impressed many per-
sons with convic; ion that raise of eight per
1 u.
TACT that the greater part of the day passed with
out any announcement from the bank. had induc-
ced an impression that the alteration would Mt
least be deferred, for 1t was not until between and
clock that the notification was made
The cslmness with which it has been receivad
contrasts most satisfactorily with the agitation
witnessed few days ago. when the public mind
was Tess iamiiarzed with the real scope of the mo-
netary movements in progress abroad The new
measure OF the Bank is generally regarded as TO a
considerable extent, precautionary and protective
from the transactions coming under their notice
the directors were doubtless convinced that nreno
rations were in progress for immediately transmit
ting large quantities of gold to America. and con-
sih"ring that the drain upon the Rauk continued
W. lout ntel missio1 all last weeks they had no Il
tentative but to adopta fresh measure of restric-
tion.
So long as the exchange is thus excentionallv
depressed aud the pressure for capital in America
so excessive it is probable that no measures which
the monetary institutions of Europe adopt will
prevent the influx of specie from this side; the ut.
most they can do will be to render the movement
more moderate. IL Is expected that shipments of
specie to large amount will be made from Liver
pool to New York this week. Several of the bauks
connected with Canada have already sent ont coin
anu viii probably dispatch much more cnnsidera,
bic quantities, with view to strengthen their DO
sition against all eveDtualities.
The suspension Of Messrs. Whan Mclean 4
Co., OF GlasSow, and Hamilton, Canada, was An
nounced on the English Stock Exchange but it
was stated that the assets show considerable sur
plus.
The ex-Queen of Oudo was stated to be danger
ousy Ill at temporary residence occupied by her
Majesty at Richmond.
Not the slightest clue had been obtained to tho
Waterloo Bridge murder and mutiIati n.
Ih2 Arts Trea es Exhibition at Manchester
had closed on the 18th, and the Times says with u
financial profit.
The Heatherbell had arrived from Melbourne
with 1901. ounces of gold, valued at 1881.
Mr. W. }. Fox was elected member for oldham
on the 18th, without opposition.
Miss Louisa Pyne has been successful in Opera
FRANCE.
Lord ltow'len is said to have had a long private
audience Of the French Emperor at St Cloud, at
which the principal topic of conversation was the
present state Of Spain, and the most complete ac
cordance on that subject between England and
France was the result.
PARIS Oct. le-I alluded last week to the difficuI-
ty experienced by the mercantile and manufacture
Ing Glasses OF Paris in obtaining cash payments
The resolution come TO by the Directors of the
Bank of France to raise the discount on commer-
cia paper from 81 to 613 per cent. has not mprov-
ed their position.
The Lyons and st. Eticnne manufacturers con.
gratulate themselves on having received 60 few
orders from the United States this wear. as they
have thus escaped the consequences of the CONNER
cal crisis which has occasioned so much injury in
the Chief towns OF the Union The last advices from
New York announce that French silks were sell
ing in that city at from % to 30 per cent under
the manufacturers prices at Lyons aud ST. Etienne
Consequently the shopkeepers do not intend to
send orders to France until some Improvement
shall take place.
The consequences of an abundant harvest are
now indeed felt throughout France The price of
bread has fallen to IL sous the h. loaf in Paris
and to Il sous in several of the departments; and
these are, believe, the ordinary prices in plenti
ful years.
Althougha large quantity of wine has arrived at
the vine market OF Bercy, prices are we'll sustained
on all QUANTITIES, nor Is any important reduction
tieipatci during the present year
The Moniteur publishes the fficiaI return of the
Custom revenue for the month of September and
for the first nine mouths Of the present year. For
the former period the receipts amounted to Is 967
03I being an increase over the corresponding
month OF last year of 13S05Cf, and for the latter
period to i43 5SSf, or 1885, 532f more than in
the corresponding month of 1856.
The French Legislative Body is to be convoked
for the end of November, and the Council Of State
was to resume its iabors on the 18th of October
GERMANY.
The pressure on the money market at Hamburg
became more stringent when the telegraph convey.
ell the intelligence of the Bank of England having
made further advance in their rate of discount
and 1t was found impossible to obtain cash on
lower terms than per cent, for the most unobjee
tonable paper.
At Bremen the tghtness had been, if possible,
more severe.
Emigration to America from Hamburg was eoiup
on upona large scale.
PRUSSIA.
The King Of Prussia continued to show symp-
toms of improving health, but would not be in
condition 10 attend to business for a long time
A Royal ordinance, signed by the King of Prus-
sia, was daily expected at Berlin, Professionally
delegating the regal powers to the Prince of Prus
sia- This would avoid formal Regency to which
the consent Of the two Chambers would be neces-
sary.
RUSSIA.
Letters from Georgia make mention of the cap
ture of the commander of the Russian fort of
Nokka, in the province of Cheki The Russian
commander and 10 of his officers fell into All am-
buscade while out shooting. but he was not taken
prisoner by the mountainecrs until two of his
suit had been kill d, and three others severely
wounded.
TURKEY AND PERSIA.
vienna, Oct. IA misunderstanding has arisen
between Turkey and Persia respecting certain
frontier forts, and the Porte is about to send an
Envoy Extraordinary to Teheran with power which
will enable him to settle the matter brew mann.