The Ottawa free trader. [volume] (Ottawa, Ill.) 1843-1916, 1857-10-31

FOGefSn NcWSs
-- The Baltic arrived at New York on Mon.
day, and the Persia on Wednesday, both
from Liverpool, with dates to the 18th inst.
The news is important.
The Baltic brought $4,000 in specie,
and the Persia over a million. This heavy
drain On the Bank Of England for specie to
this country, combined with serious drain
to support the war in India, had induced
that institution 10 advance its rates Of dis
count to per cent, with an intimation that
in a few days the rate would be put up to 8
per cent, the highest rate the bank has ever
charged In Dublin, Paris, Hamburg, and
Vienna like advance had been made. This
state Of things, Of course, had very inju-
rious effect on trade, and along with its an
nouncement, also comes that Of the failure
of number of heavy firms in London,
Glasgow, Manchester, &c. At the same
time English funds went down per cent,
and the scene on the London stock exchange
is said, had no parallel since 1917. The ex-
element was intense, being aggravated by
the bad news from America ard prospect
Of n heavy loan by the Government, on ac-
count OF the want Of funds to carry on the
Indian war.
The news from India looked more cheer
ing The dates were from Calcutta to the
10th and Bombay to the 18th September.
! The garrison at Lucknow had not been sa.
crificed, as previous runors had it, but was
calamity holding out, and would certainly
/ be relieved by the middle of September.
Gen Havelock remained at CawDpore, and
would be reinforced in a few days by Gen.
Anton, who had reached Alahabad with a
large force On the 10th OF August the
garrison Of Lucknow made gallant and
victorious sortie, capturing the guns Of the
mutineers, and also supply of provisions.
/ Gen. Nicholson had defeated the rebels at
Nottingham with the loss of their guns
! Gen. Havelock had also defeated the rebels
! nenr Bithove.
! The Singapore mutineers had been again
/ defeated by Major Eyre.
/ The rebels were threatening Allahabad
/ and BcnareS.
! Large bodies Of troops were marching
! from Calcutta towards Allahabsd. Troops
were also arriving at Calcutta from England,
their transport having been effected with
( great rapidity.
( A despatch to the London Post says the
! British forces had attacked Lucknow castle,
! spiked the guns and inflicted 4 heavy loss
upon the enemy.
| Delhi had not vet been reduced, but a
/ heavy seige train was expected to reach
( there on the Sd of September. when the as
( sault would be commenced in good earnest.
\ report was current that the cholera had
made its appearance in the village Of STRAIT
ford. near London, and that seventeen
deaths had occurred in few days.
The health of the King OF Prussia remains
critical.
There is some good news for those who
have taken so deep an interest in Mr.. Ten
Brock and his American horses in England.
At the great race for the Ccsarawi,ch cup
thirty-foLr horses were entered, and the first
trial resulted in a dead heat between Prior
css, EIkhrin and Queen Bess. On the deci-
ding heat, Prioress, the American horse,
won by length and half, amid great
cheering. The value Of the stakes exceeds
g, 600. The American horse LecOmptc is
dead. At another great race al New Market
Mr. Ten Brock on another important race
with his horse Belle.
MAEXEr.-In reference to the breadstuffs
market the Persia gives a rather more favor
able report than we have had for the last
few steamers. Flour IS reported steady and
unchanged. Wheat steady; red closed buoy
ant. Corn firm. fIDur-W estern Canal
2oa3os 81 Ohio .2a23s. Whv-, rcd 20
SIS; while SyayS>. CO:n-miXed yellow
SIS Cd; white 4lai-s.
The news, particularly the arrival Of the
specie. Is regarded as favorable. and has al
ready increased the buoyancy in the wheat
market in New lor. and Chicago.