The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1858-10-01
THREE DAYS LATER FROM EUROPE,
ARRIVAL OF THE PERSIA.

Saturday afternoon, the 18th inst.
The Arabia passed the City of Baltimore on the
morning of the 10Th, off the Madens and the steam
er Edinburg the same afternoon.
The steamships Alps and Ariel arrived out on the
17th and the Canada on the 18th.
The steamer Hammonia left Hamburg for New
York, on the l4th: Shortly after leaving port her
magazine was exploded and she forced to put
back, five Of her passengers being injured. She
was to sail again the l9th with 300 passengers.
III" "Ndvices from Valentia, in relation to the tel
egrapm cable, continue to be dscouraging, but Mr..
Henley is sanguine of making the line serviceabe
again with his magnetO-electric machines.
The shares ofthe company have huctuated, and have
sold as low rs E3l5
Mr.. Landy, one of the assistants at Valentia had
started for Newfoundland to ascertain the copdi-
ton OF the wire at Trinity Bay, and arrange a day
on which certain code of signals are to be sent at
concerted times from both ends, and endeavor thus
to re-estabIish Ineligible communication
The London Times, of the 17th says it appears
that the recent experiments induced the belief that
the fracture tractures-tor it is thought there
may be two-will be found at a distance of between
two and three hundred miles from shore For
about 23O or $40 miles the depth is only 40 fathoms
and, within that range, the damage NAV easily be
repaired: but sudden descent then occurs to be-
tween 1900 and 1900 fathoms, where it is extremely
doubtful whether it can be repaired. The proba-
billty seems to be that it is at this abrupt point
where the damage has been sustained.
On the 18th, Atlantic telegraph shares'declined
still further, the last quotations heiug 800 to 800.
Mcssrs. Ascoll, IIartwig & Co., of Manchester, in
the Mediterranean trade, have failed.
William Wier, the principal editor of the London
DAILY Ners, is dead.
The European and American Steam Shipping Com
pany issued circular to their shareholders, notify
ing that they had made an arrangement with Cros-
Key Go. for the settlement OF all matters in dis
putc between that firm and the Board. Croskey Il
Go. are to pay into the hands of the directors $50
600 forthwith, on the attachment being removed,
and are to find the money for sending the Lady
Joceyn and Calcutta to seattle two ships under
engagement for the CONVEYANCE of trOOps to India
The Board hope that the arrangements in progress
will enable them to put all the vessels of the com
pany into profitable employment at early period.
\ deputation from the Great Eastern Steamship
Company had visited Bristol with a view of ascer-
tanning the capacity of that port for accommoda-
ting their mammoth vessel, it having been found
that Liverpool and southampton would be insult
ed.
The London Times strongly advises the purchase
OF the Great Eastern for the rova navv to be used
as floating ram, observing that ten years hence,
when the ship is no longer saleable, Parliament
will be asked for million of money to build such a
vessel from the keel and it will cost two millions
to do so.
The ship May Queen, of Bath, Maine, bound from
Gottenburg to Boston, with a cargo of bar iron,
was abandoned at sea in very lcaky condition, on
the 4th Of September. Her crew and passengers
were taken off and conveyed to Glasgow by the
British ship Sir John Moore.
The DOncastcr st. Lcger won by Mr.. Merry's
Sunbeam, Lord Derby's horse Toxopholite coming
in fourth.
Mr.. j. G.. COalc had been appointed agent for
Lloyds, at Baltimore.
A Liverpool trade circular of the 18th inst. has
the following report
The Manchester market continues in strong po-
sitiOn, the demand is active for almost all deScrip
tions of goods The manufacturers mostly un-
der contract and are thus unwilling to enter into
further engagements except at higher rates which
has caused buyers to pause Yarns are in great re-
guest and have experienced further rise OF I'd. a
I'd. per lb. The less favorable accounts of the
growing cotton crop are received with some ankle
ty, but also with good deal of hesitation. 1t is
an erroneous opImon to believe that all the spin
ners are short stocked with cotton; we could name
Il good many who are provided for nearly the whole
of the remainder of the year, and due allowance
should be made for tins when the weekly deliveries
are taken an estimate of the consumption. 1t
is however, true that the consumption is very large
at present.
The weather has become much more settled, har-
vesting progresses, therefore, vigorousy but it is
to be unprecedented that a good deal of wheat has
been stacked prcmaturey of late. The agricultu-
raj markets have not varied much; priccshave been
mostly maintained.
FRANCE,
The French political news is not important.
The Paris Bourse continued buovant
The cession of the port of Villa Franco to Russia
by France merely CONVEYS a privilege similar to
those enioyed at Spezzia by the United States
A treaty is said to have been made with the King
of Korea vassal of the Emperor of China for
the establishment of French commercial settle
ment there.
An attack upon the Emperor of Ava has been or
dCred he having refused to Weld to the demands of
France.
THE GREAT CHESS CoNTEST.-Paul Murphy has
turned the tide Of battle in his favor on the chess
board, and there remains only one game out of sew
en- to decide the championship between HarrwitZ the
Pussian, and the American.
SPAIN
The Spanish Chamber of Deputies has been dis
solved and Il new House has been conyoked, to
meet December LIST.
Some disturbances took place at Pnta on the oc-
casion of a religious tete, and the Madrid Espana
ascribes them to Protestant az gents.
PORTUGAL.
The vintage is said to be the most abundant that
has occurred for the past five years
RUSSIA.
A st. Petersburg letter says that financial plan
has been submitted to the Emperor by Baron
Frankcl banker of Warsaw. and Nj. HON.
berg, of Paris, for the purpose of furnish
ing the capital required for the emancipation
of the serfS. bank of issue is to be establish
ed, ACCORDING to the plan with n canital canal to
the indemnify, to be paid the proprietors. The
notes ultimately to be withdrawn from circulation
by means of sinking fund. There is every chance
of its adoption with some modification.
We have interesting intelligence from St Peters
burg. The Emperor Alexander is said to have
made up the profit and loss account of the Circas
sian war; and to have discovered that the bargain
hitherto was, and in future probably will be- in
realitv very bad one 1t is therefore his inten-
ton. so the report saws to put a stop to the war
it will be recollectcd that some time ago, we had
communication from Constantinonle announcin0
the willingness of Scbamyl to bring the war to a
conclusion If he could not drive ont the Russians
from tbe Ground occunind by tbe nrnsent camnaion
il shouId he thn LAST nra-tbus he was renrrsenfad
to have replied to his followers. who had become
tired of fighting. If the Russians and Circassians
come to an agreement that each is to hold what ne
period of suffering for one of progress and pros
perity so desirable for Il territory whose natural
lsthmus.
The Emperor of Russia, not satisfied with having
recalled many Polish exiles from Siberia, has ac-
tually restored to them their formerly contscated
estates The returned exiles are reinsated at once
into the full possession of their property with the
condition of paying for it after eighty years. Few
can imagine the sentiments of delight created in
Poland at this unparalleled act of generosity.
The St Petersburg journals of September 10 an
nounce what they call decisive defeat of Schamyl
in the Caucasus. According to them, on the I'd
uit., large detachment of his forces attacked Il
Russian column, but were repulsed with consldera-
BILE loss, Whereupon Schamyl resolved to make a
diversion. In this movement he encountered a
Russian column. The Russian General manguvred
in such a way to entce him forward, and then
dividing his force in two columns, he attacked him
both right and lett and at last routed him, cap
turing, besides "a horses, 4Z4 mskets, ZoU swords
own. 1t was on the llth ult that the engagement
took place. and 1t Is SAID that the RUSSIAN loss was
only fourteen Killed and sixteen wounded.
IhOSSlA- ~
lt was reported at Bsfllh that the frussian Cham-
perS Woaid De GonVokea IN leW uays; anu the a ne