The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1858-01-18
DETAILS BY THE NORTH AMERICAN.
Improved Condition OF Financial
Affairs in Europe, &c, &c.
FINANCIAL AFFAIRS,

Anairs in Europe, &C., &c.
FINANCIAL AFFAIRS
SATURDAY., the 28th ofnecember was. observed "a
| holiday in monetary circles
The Bank Of ireland has followed the axampI.
OF the Bank Of England, and reduced it's rate. of
discount 10 eight per cent.
on Monday the 2sth, the funds wer. very huov.
ant, prices advancing nearly one per cent. Tie
best paper was readily negotiated in the discount
market at :, per cent. The demand for money
AT ,he oank WAS moderately active. The bullion
was rapidly augmenting.
on the 18th money Continued to grow easier
ana ana there was every prospect of further reduc-
tion In the bank rates.
1t Is stated in the Times City Article, of Decem
ner do, that the day previous two suspensions
were announced--the first being that of Tupton
nooton Co., an old honse of good repnte in the
manchester trade, with liabilities for about f32.
IVY, white the other is that of Hinton, Bros Co.,
OF oid Broad street In neither case however are
the prospects of liquidation unfayorabl.
The Times City.Article, Of Dec. 80 savs: "The
innds opened steadily and showed a tendency to
increased hrmness during the whole day, until
after regular hours, when a sudden decline took
place, which WAS attributed to operations in con.
nectlon with the failure Of the dealer announced
yesterday. Money was in rather increased request
consequent upon the approaching termination Of
the year, but there was full supply tor loans on
government securities, at Az per cent and 7aTl%
per cent. in the discount market Abont 70 ntn11
IN gold was sold to the Bank to-day. and there was
"" Va tbiIt| Thousand SOYereigOS from
Scotland"
The Daily News City Article, of Dec. 30, saws
Ihe funds TO day were principally affected by
considerations connected with the position of The
accounts OF the large operator whose failure was
announced yesterday. The market is for tho mo.
ment quite Geranged by this event owing to the
beief that the deiaulter has transactions open to
the extent OF considerably more than a million
chiefly in options.
AT the Bank OF England the demand for money
to-day continued very moderate, owing to the fact
that good bi i are readily discounted in the open
market from i to per cent. The amount of
gold purchased !n n ~ the Bank of England to-day
was tiO 600, inclusive of the $4,000 or 10000 in
bar gold and United States coin Der the steamer
America, but exclusive of f30,OQU in soyerejpps
received from Scotland. 4 large quantity of SOW
ereiSns ex the America are understood TO have
also been sent to-day into the branch of the bank
at Liverpool.
"As money becomes easier in this market and
commercial aft irs resume 20 some degree their NOM
maj aspect the exchanges between this country
anu The continent continue to droop. This after
noon the rates were quoted lower for bills on
ly all the leading continental markets"
IL II announced that at the close of the year Mr..
David Barclay Chapman will retire from the firm
of Messrs oyerend, Gurney Co.
THE WAR IN INDIA.
The Bombay mail of December had seachel
England
The Calcutta mails of the 18th November had ar
rived at Trieste, and were expected in London the
day after the North American sailed. The news of
the relief OF Lucknow Is confirmed. The enemy
fought desperately. The rebels had not evacuated
Lucknow. Sir Colin Campbell asks for reinforce
ment, although his force is computed at 1900 in
hne order. The women and children and the sick
we're conveyed safely to CaWnpore. The fighting
| before Lucknow was very severe. On the 10th the
enemy suffered enormously. The ght Oh that day
WAS one of the severest witnessed On the 18th
| the enemy were flying in great numbers rom
Lucknow, and the firing had nearly ceased. After
the tlrht the bodies tpu in
| one place
| The latest accounts are not very intolligible-
Two telegraph clerks had been murdered near
Alumbah the news being thereby stopped. When
Sir Colin Campbell left Cawnpore on the 11th, he
| rode forty miles at a stretch. In his engagement
! he relied upon the artillery as much possible,
| thereby avoiding an unnecessary loss of men.
Nena Sahib, with all his men aud baggage, had
| Joined the rebels. The Gwalor contingent was ut
| Callipee-dVded counsels it was stated being the
cause of their inaction. 1t was reported that the
| King of DclhI5 son and two nephews, after being
| tried by military commissioners, had been shot.
The Daily News says that the rebels of Dude have
| placed a boy upon the throne, and keep him in
| state at Fyzabad, City of 100000 inhabitants.
which is defended by large fort. with "A wal! and
| ditch and round towers and new entertainments,
| Three companies of the 34th Native Infantry had
| mutinied at Chittagong, anl marched to Dacca-
One hundred Europeans had been sent to intercept
| them.
The Cawnpore territory was threatened by q
| large force from Dude.
| FERROUS disorders were anticipated in Rajpootns
and European troops were urgently wanted.
The Calcutta markets were almost unchanged
| The money market Was improved. Exchange -
| lid AIS. I'd. Freights were unchanged.
Ihe steamer hhersonese had arrived ut Madras
leaking.
CHINA.
We have Hong Kong dates to November lJ The
| American Commissioner hadarrived at Hong Kong
in the Minnesota.
| The English fleet was about to move into the
Canton river. The French fleet will cooperate with
the English, who were expected to commence I'M
medately.
The Russian Commissioner was at Hong Kong
| 1t was rumOred that Lord Canning, as soon AZ
! transports could he procured would send 2.40C
troops from India to China.
Exchange at Hong kong was H.. 103. "a. ,and Is
lid. at Shanghae. Business in imports mode
| rate. Exports dull. Freights unchanged. silk
had declined ten to fifteen dollars.
AUSTRALIA.
The ship Suffolk, with Melbourne dates of Octo
Der 8, aid $4,000 ounces Of gold had arrived in the
English channel.
BURNING OF THE SARAH SANDS.
The steamer Sarah Sands, while conveying troops
to India, took fire and burnt for fifteen hours -
All the after part of the ship was DESTROYED, and
| she put into Mauritus for repairs. The troops
showed perfect discipline, and the preservation OF
all on board was extraordinary.
| letter from Captain Castle, commander of the
Sarah Sands, is published, describing the partial
|
troops and crew. The fire discovered at 3.4j
| =. VI. The precautions adopted have already been
| given. The flames burnt through the upper deck,
aud about y. VI. fearful explosion took in the
port magazine. by this time, says Captain Castle
the ship ohe body of flame from the s'ern tu
| the main rigging; and thinking it scarcely posi-.
BILE to save her, called Major Brett, in command
| of the troops, forward, and told him my cpin-
| ion requesting him TO keep order among the
| troops until the last, but sat the same time
! TO use every exertion to check the fire. No
| man can describe the manner in which the men
worked TO keep the fire back. One party were be-
low keeping the bulkhead coal from burning, sew
| eral of whom were dragged up senseless, when
fresh volunteers took their places, but who soon
| in turn again had TO be dragged up in the same
| state. At IL Z. M the maintopsaii yard took fire
| Mr.. Welsh, Quartermaster, aud fur or five sol
diers. went aft with wet blankets, and succeeded
| In extinguishng the flames there, but not until
yard and mast were nearly burnt through. About
| midnight We appeared to made some impression
on the fire. and after that drove it back inch by
| inch, until daylight when it had completely got
under. The ship now appeared in a fearful plight,
| merely the she'll remaining. The port quarter
| was blown out by the explosion. fifteen feet OF
water was in the hold, and the ship was rolling
heavily and taking in large quantities of water aft
| GREAT BRITAIN.
Court circular reiterates the story that the
King Of Holland intends to demand the hand of the
Princess Alic for the young Prince of Orange, al
though nothing official has yet transpired in the
matter.
| The Earl of Spencer Is dead. Lord Althrop, just
returned from the United States, succeeds to the
peerage
Lord Harrswby has resigned the office of Keeper
| of the Privy Seal Oh account of ill health. Lord
CIanricarde succeeds him.
| 1t is officially announced that the competitive
examination for admission to the staff College will
| be held on the 1st of February.
FRANCE.
| The Senate was convoked for the 18th Of Jsnu
aIy.
The Council of State. presided over by the EN-
peror, has declared against the system of obliga
| tory agricultural insurance.
The Times Paris correspondent is assured that
all the exied Generals have had permission given
them to return to France without condition Of any
| kind.