The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1858-01-13


we're damaged. Two churches, the Governors re
sidenee. and the gendarmerie barracks were great
| iy injured. steepie fell In one Of the suburbs
two women were crushed beneath the ruins A
campaena the town suffered no loss OF lie 10 re
ported"
In conclusion. the official Journal says that tn
Ming Las given orders 10 leave nothing unloBo /,
relieve the sufferers. The State forests are TO b
used to build huts with.
PORTUGAL.
The epidemic at Lisbon continued to decllpa
SWEDEN
The crisis continues to be seyerely felt nj
S.oeNAoihi Ihe failures amounted 10 upwards o
thirty.
The BLACK SEA.
The question about the Russian ports in til,
niack sea, which was OF the point of being settle
u somewhat complicated by the fact of the Russian
uosefhment having re-established military seryi
tude on the coast Of the Crimea raised tho tnv n
OF kameisch, and forbidden the entrance to lhal
port OF merchant ships as before the war.
From the London Times 2t,h ult
Tue MONEY MARKET.
LoSnos, Thursday Evening. The advices re.
considered satisfactory. the general situati5n q,
monetary and commercial affairs having materiall
improved o
The failure was announced to-day of Messrs
Stesehs' terlnehren a Scott, general agents and
brokers', OF Newcastle-uponTyne. Their liabilities
are supposed to be very large Several other small
suspensiOns are reported in the country including
Messrs. fiaigh & Co., of Bradford
During the past week the tions in the for.
eign and colonial produce markets which close To.
day for the holidays, have not been numerous, bnt
there has been steady inquiry for some of the
principal staples, and at rather higher prices Su-
gar, for instance, has risen Cd to 1s per cwt and
.nere mas been more inquiry. Coffee, ca the other
aahd, ls duli, but has also tended upwards Cocoa
is he0sy rice at about previous rates and
dearer In spices business has been quiet aud no
alteration of importance can bs reported Tsllow
Is JUL aad r. I. C. is 52s. Cd to 53s on the spot
The Directors Of the Bank OF England havs re-
dueed the minimum rate of discount from 10 per
cent, ut which it fixed on the eth ult to DER
cent.
The alteration was not altogether unexpected.
ithoush the opinion during tine last two days had
gained ground that delay Of another week might
be considered eXpedient. 1t is proved by the
measure effected to-day that the Bank no longer
requires the privilege accorded by the Treasury
ietter' and the first important and reliable step
towards relaxation from the late restrictive
policy having been taken, q continuou. rnovemen ut
in the same direction is looked for until compar-
atively low point is attained.
A large crowd of persons congregated in the
passage outside the bank "parlor,r anxiousIy
awaiting the result OF the discussion which was
rather protracted; and, when the announcement
was made II seemed to afford general satisfaction
1t will undoubtedly relieve many firms now struy-
CLING against the numerous difficulties which
recently witnessed throughout the commercial
world While, however, great assistance may be
rendered to firms who have hitherto acted with
prudence, whose embarrassments are solely attrit-
utable TO 'nisiortune, and are not irreparabie it
Is sincerely hoped that really insolveut houses
and those who have traded on false system of
credit, Will not be enabled to prslong their exis-
tence. 1t is desirable that the commercial rels-
tions of the country may be thoroughly cleansed
from the effects of the pernicious practices recent
ly revealed at the meetings of creditors; and in
order that this end may be satisfactorily attained
a hope is expressed that all who have resorted to
such an Injurious mode of procedure will not be
enabled 10 escape.
The effect of the change, although the minimum
is still very high Ia to be most satisfactory
and in the manufacturing districts il will, no
doubt, be viewed as the precursor of improved bu-
siuess In the course of few months As the sup-
ply OF capital in Lombard street is liberal, and
gold is still pouring into the bank in large quanti
ties, money viii soon be procurable at even lower
rates. but this afternoon there was . good enquiry
at per cent, both at the National establishment
and in the open market. At the close of the year
numerous engagements have to be met, which ab-
sorb large amount Of capital, and thus tempora a.
| rily the demand may continue active.
The joint stock banks have lowered their allow
ance for deposits call to per cent but the pri-
vate firms still offer 6iI per cont and per cent,
with seven days notice
On the Paris Bourse to-day the Three Per Cent
Rentes were heavy. being 67f. 55c. for money and
,, 67f. 15c. for the end Of the month.
About $4,000 in gold was taken into the Bank
OF England.
An Improvement of !, to x per cent has taken
place In the market for English securities to-day
and at the close Of business securities of all de-
scriptions were buoysnt and In demand. The pub
lie are investing freely and after the 9Th proximo
when the January dividends are paid, there will
probably be an increased inquiry for stocks and
shares.
Consols were 93H u, and lastly 93]s y. The
New Three per Cents brought 93l. IA, and the Re
duced 90 Ii 3-S. Exchequer Bills are 6s discount
to Ia. premium, being firmer. The bonds brought
9s TO 95 To- and India Bond f1o0O 20s. discount
COMMERCIAL.
LIVERPOOL, Dec. 26-The sales of cotton for the
week have been 10000 bales, including 10000 to
speculators and 900 10 exporters. The quotations
early in the week were q Il I'D. higher than at the
close of the previous week, but Thursday the
ni4rket closed at d. advance aud spectators took
1000, aud exporters 900 bales, OF the 5000 that
were sold on that day. There an advancing
at the following quotations:
Fair Orleans, 5H4d.; Middling do Cd Fair No
bile. q ,d; middling Mobile, SGD; Fair Uplands,
o. d.: Middliug do, 5I.d.
The stock of cotton in port is 361 900 bales, OF
Which 10000 were American.
The market on Friday and to-day was closed.
BREADSTUFFs.-The market was quiet on Thurs
dag. Flour dull; wheat quiet; corn quiet.
PE0yIAoES.-1farket dull. Beef, pork aud Bacon
were all dull.
NAVAL sroREs--Rosin dull Spirits Turpentine
steady.
IIoNDoS, Dec. 20-Barings Circular quotes Sugar
Guoyant at 6l. Is advance. Coffee heavy; Tea
iTuer; Bregdstutfs dull.