Worcester daily spy. [volume] (Worcester [Mass.]) 1850-1888, 1858-01-11
Rates of Discount Reduced.


those already received.
The Africa brings % passengers. She ar.
rived at the Bar at 80 a. NJ, and remained
there till daylight.
Lucknow had been relieved after very Sc
we're fighting. The insurgents had also been
defeated at various other ponts.
Sir Colin Campbell was slightly wounded,
but was about to preoesd forthwit to subdgs
Dude
All alarm for the garrisons and outposts
had ceased.
There was better feeling under the reduc-
ton OF the rates by the Bank of England, but
the markets and exchanges were closed two
days for the holidays.
1t was said that the English and French
governments were trying to settle the diff
Guilty between Spain and America, with re-
gard to tbs frigate Ferroland.
The Bank of Prussia had reduced its rate
of discount to IL per cent.
No failures of Consequence had taken Mace.
INDIA. All was quiet in the Puniaub.
The fort and town of Sanger remained I'M
touched, but large parties of rebels were in
the surrounding districts The disturbances
IN handerseh continued, and a rising of some
near Moodhole is reported.
Exchange at Bombay was 2s g. Sd. for
breadstufis.
Commercial.
CoTToS mARKET.-The sales of the week were 40 900
bales Of which spectators 10 0O0 and exporters
closed at I'd advance
The estimated sales OF Thursday were 5000 bales
The marie closed active, With advancing tendency
Fair Orleans 65d; Middliug do Cd; Fair Mobiles cid;
MoliD dc sgd; Fair Upands 61d Middling do SAL
Liverpool BREADsTUFFs MARKEr.-T6ere had been
no regular market since the departure Of the Atanc
Flour dull. Wheat quiet. Corn Inactive American
securities unchanged Consos closed at 931 10 e34 for
account. "
The Bank Of England had reduced the rate of discount
to per cent The bullion in the Bank of England had
increased 81 100000
SECOND DISPATCH.
GREAT BRIrAIN.-At a banquet given bv
the Mayor Of Liverpool to the Siamese am
bassadors, MIR. Beverly Tucker, the United
States Consul IN that town, was one of the
speakers. lie congratulated the assembly on
the glorious news from India, aud trusted that
the triumph of the English arms would be
complete, because 1t was the triumph of civil
lzatlon. He said he had no doubt whatever
that there was an immense trade to be de.
veloped with Siam, and he felt assured that
the star spangled banner would, like the flag
of Great Britain, dip in the waters to the YES
sells OF SIAM approaching the great republic of
America.
The London Times, of the goth, has an ar
ticle i'll relation to the portion of the Presi.
ident's message touching on the commercial
Crisis II says it seems likely that the late
commercial disasters of the United States will
have their due effect on the policy OF the gov
eminent, and the manners of the people.
This time the collapse has been too complete,
the calamity too widespread, and the causes
too evident, for the impression to die away.
and the spectators to resume their old game.
as soon as the vibration of the shock has
passed. The message of the American Pres
ldent is bold in its criticism of the existing
banking system, and denounces freely the
practices 10 which it has notorously led and
now the Secretary of the Treasury in his re-
port to the Chief Magistrate, does not hesitate
to demand the interference Of Congress to do
that which the several States will probably
refrain from doing themselves. 1t may in
deed be as much out of the power of Congress
as OF the local legislatures, to act decsively.
Howe%er, the opinions of the government are
not the less evident, and it is fit that they
should be known and considered IN this coun-
try The same paper has an article on Kan
zas affairs.
1t says Mr.. Buchanan's STYLE. in his lato
message to the Congress of the United States,
betrays very clearly whex he is treading on
eggA. EheIe Ia a cautious haIaARs, an AK
lous discrimination to right RisassH en- exact
ness OF self justification, and an elaborate
construction of basis for himself, as he goes
over the ground Of the Kanzas question. On
the whole, he gets out of it not amiss, but
the process Of propping up is too transparent.
Inc London Times again reviews the Nor
mon difficulty and the government plans for
its suppression 1t hopes that the Mormons
Will decide upon migration before they are
involved in the calamities or war.
1he ship Wallace. bound for Quebec, from
Glasgow was lost at sea. The ere w remained
on the water,logged ship for eleven days. with
nothing but the body Of dog 10 subsst on.
Three of them died
meeting occurred on board the ship j. ].
Boyd on the oath of December, as she was
on the eve of leaving the Mersey for New
fork. The crew armed themselves with
knives, hsndspikes, &C., threatened the Off
GERS, and refused to proceed to sea on the
ground that the ships provisions were bad.
Information Of the state of affairs having
been conveyed on Shore police officers pro.
eeeded to the vessel and arrested twenty
seven OF the men without opposition. An
examination was to take place the day the
Africa sailed. The second mate was badly
cut about the mouth by blow from hand
spike.
The Board of Trade returns for the month
OF November show falling off Of nearly q
600, 600 in the exports, as compared with the
corresponding month last year.
The London Post, taking its key from the
Presidents message, advocates the construc.
tion of a road TO the Pacific, through the
British American Provinces.
The screw steamer Earl of Corinth, bound
from Ayr for Liverpool, was wrecked on the
Isle OF Man. and all the crew except two were
lost.
Financial AFFAIRS In London on the 23d
ult., the funds were steady and firm, and the
money market was on the gain, and easier.
The various joint banks lowered the rate Of
discount Tor best paper to per cent.
No new failures were reported.
On Thursday, the Oath ult. the Bank Of
England reduced the rate Of diseouct from 10
to per cent. and simultaneously with this
movement, repayment Of the two millions of
over issue. Alter the reduction Of the rate,
there was an active demand for money at the
bank.
The following suspensions were announced:
w. G. Haigh of Bradford, largely engaged in
the WOODEN trade; Hands, Morcher, & Coz,
Dutch merchants at Huh md Stevenson s.
Vermbren, and Scott, merchants at Newcastle.
Messrs. l, b. Coddington & Co., iHpn mer-
chants at Liverpool and New York, resumed
payment
The returns Of tho Bank Of England for
the week ending Dec. 23d, show an increase
in bullion of 81 1902 ,426, the amount held
being ElO,753,28l. The increase has been
nearly ES,4OO, 600 in three weeks, rise with
out precedent
The failure OF the great lithogtaphic and
ARTISTIC af Il y ~