The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1859-05-17
LATEST NEWS.
TELEGRAMS.
LATER FOREIGN ADVICES
Per Steamers Arago off Cape Race
and Nova Scotian at Quebec.
No actual Collision yet between the Austrian
and Sardinians, but battle momen-
tarily expected.

A FORMAL DECLARATION OF WAR BY
FRANCE-MOVEMENT OF THE HOSTILE
ARNIES-DEPARTURE OF THE FRENCH
AND AUSTRIAN AMBASSADORS FROM
THEIR RESPECTIVE POSTS-DECLINE IN
MISUNDERSTANDING In BREADSTUFFS
COTTON LOWER.
ST.. JOINS, N. F., May 16.-The steamer Arago
passed Cape Race on Saturday from Liverpool for
New \ ork, with advices to the 4th.
The panic at the London stock Exchange had
subsidized there had been no collision as yet be-
tween the Austrian and Sandman armies, but one
was expected at any moment.
The Emperor Napoleon had sent a formal decla-
ration of War to the Corps Legislatiff announcing
his intention to head the army.
The French troops were pouring into Piedmont.
The commercial intelligence is the same as
brought by the Nova Scotian.
Breadstuffs opened buoyant and advanced con-
siderably, but closed quiet.
QUEBEC, May 16.-The steamer Nova Scotiau has
arrived below the city with advices from Liverpool
to the 4th inst.
The following abstract of her news has been re-
ceived per telegraph from River Du Loup for the
associated press
The steamers CITY of Baltimore and Vande rbilt
arrived out on the 4th.
The manifesto of the Emperor Napoleon against
Austria appeared in the Moniteur of the 3D.
The Bank of France has raised the rate of discount
from to per cent.
SECOND DESPATCH.
battle was expected about the 5th inst
The French Minister at Vienna and the Aus trian
Minister at Paris had both quilted their posts.
Napoleon expected to leave for Italy on the 9Th
that lv
clared war against France, and nothing remained
but Tor France to take up the sword in defence of
Italy. lie disclaims all idea of conquest, and SAYS
he is about to place himself at the head of the ar
my and leave the Empress and his son under the
patriotic of the French people,
The Austrian troops were concentrating along
the Sessia and had occupied Vercelli, and all the
surrounding country had been declared in a state
of siege. Gen. Giulay the Austrian Commander
had imposed heavy contributions the inhabitants
The Paris Bourse declined on the 4th to 60f 75c
THE EMPEROR NAPOLEON DEFINING HIS
POSITION.
The following is the closing remarks of the En-
peror Napoleons communication to the Corps Lee
gislatif:
Hitherto moderation has been the rule of nv
conduct, but now energy becomes my first duty
France must now to arms; and resolutely tell Eu-
rope wish not for conquest, but am determined
firmly to maintain my national and traditional
policy.
| observe treaties on condition that they are not
| boldly avow my sympathies with a people
whose history is mingled with our own, and who
now groan under foreign oppression. France has
shown her hatred for anarchy. Her will was to
give power sufficiently to reduce into subsection
the abettors of disorder and the incorrigible men,
bers OF the old factions who necessarily have been
concluding compacts with enemies. But she
has not for that purpose abandoned her cvilizing
character. Her natural allies have always been
those who desire the amelioration of the human
race, ana when she draws the sword, it is not to
gOUern bit to free!
The object, then, of this is to restore Italy to
herselt-not to impose upon her change of mas
ters-and we shall then have upon our frontiers a
friendly people who will owe to US their indepen-
dence. We do not enter Italy to foment disorder
or disturb the power of our Holy Father, whom we
replaced upon his throne, but to remove from him
this foreign pressure, which burdens the whole
penlnsular-to help to establish order there based
upon lawful and satisfied interests
We enter this classic ground, rendered illustrious
by so may victories, to seek the footsteps of our
fathers-God grant we may be worthy of them.
am about to place myself at the head of the
army. | leave to France the Empress and my son.
Seconded by the experience and enlightenment of
the last Emperors surviving brother, she will un-
derstand how to show herself worthy ofthe grandeur
OF her mission. confde them to the vaor of the ar
my which remains in France to keep a watch upon
our frontiers and guard our homes. | centide them
to the patriotism of National Guard! | con-
tide them, in word, to the entire people who will
of which daily receive many proofs.
Courage, then, and union Our country is about |
to show the world she has not degenerated. Prov-
dence will bless efforts, for that cause is holy
in the eye of God which rests Justice, humanity
love of country and independence!
COMMERCIAL INTELLIGENCE
LIVERPOOL, May 4-Cotton-The sales of Cotton ur-
ing the three days past amount to but TO- 500 bales in
cludng 1000 bales for export and speculation The
market closes very dull and all qualities have de-
clined \ d.
Breadstufs. Richardson Spence & Co. quote large
speculative demand on Monday, but which subsided
Tuesday the market closing steady Flour has advanced
Cd G9d with sales 12s Sd dl5s Cd Wheat has also
advanced Cd. to Cd; Western red S. Cd dl1s Cd: do
white los Cd l2s. ID; Southern white lis (l4s Corn
has advanced 6d mixed Is 4d ais Sd; yellow 7s sd "a
Is. I'd; white SIS. 4d.GSs. Cd.
Provisions-The market generally closed with an ad
vancing tendency. Beef closed buoyant with a large
speculative inquiry. Prices have advanced 5s to los
Pork also closed buoyant and in large speculative inquiry
prices have advanced 5s to los. Bacon is quiet but
prime and 61s 62s for extra quality. Taow oueter
For Butchers quotations nominal at SIS. Cd I59s.
Produce-Rosin closed firm at As 2d.(d4s 4d Spirits
Turpentne is held at advance-44s IA ass Sugar is
steady Coffee is quiet Rice is quiet at Cd ls advance
closing quiet
LONDON MARKETS, May 4.-Flour is buoyant and all |
qualities have advanced 2s making advance of 10 to
Us for the week. Sugar is quiet. Coffee is firm Tea
quotations barely maintained Rice closed buoyant with
large speculative inquiry.
MONEY SToCKs.-For American securities there has
been but little inquiry and prices are weak
The Bank of Frankfort has raised its from to Az
per cent
The Government has applied to the chambers for a
credit of $500 600 sterling.
The ship champion of the Seas" had arri we'd from
DC elbourne with 600 sterling in gold dust.
further advance of the rate of discount expected
20 be made by the Bank of England the 9TH inst.