The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1859-01-04
ADDITIONAL BY THE AMERICA.


clock.
ADDITIONAL BY THE AMERICA.
Continental politics are quiet.
Additional arrests have been made in Ireland of
the members of the Phoenix club.
The Bank of Holland has reduced the rate of dis
count q per cent.
The present rate of discount by the Bank of Hol-
land is per cent.
GREAT BRITAIN.
At meeting of the Atlantic Telegraph Compa-
my, the directors report showed that the total re-
ceipts of the company had been 1887 ,479, and the
expenditure f3G4, ,046 leaving balance of S,449,
against which there were various outstanding liza
biities. Free shares to the value of ELS 900 had
been issued to the projectors in the purchase of
their original rights and privileges. The Chairman,
the Hon. Stuart Wortley, made long explanation
ofthe condition of the cable 1t had been underrun
for distance of eleven miles from Ireland, and
found perfect. The directors for want of funds,
unable to carry on further operations. They
had appealed to the government for guarantee Of
AZ per cent, or $685., 600 of new capital with
which to construct and lay another cable, but no
decision had been received. He urged upon the
projectors harmonious and energetic action the
only way to ensure success, and moved the adop-
tion of the directors report, which was carried
unanimously.
Mr. Whitehouse, the late electrician of the com.
pany, called attention to the formation of another
company for establishing telegraphic communica-
tion with America, by means of southern route,
and having half of its capital subscribed. He had
been instructed to state the conditions under which
a fusion of the two companies might be Effected
Several shareholders suggested that such matter
could not be entertained by the meeting, and the
chairman said that pending the negotiations with
the government, the proposition ought not to be
discussed Mr.. Whitehouse withdrew the subject,
and an adjournment until the general meeting in
February unanimously carried.
The London Times, taking for its text President
LOTT tha ntn
the capture of Fort Duquesne, comments on the
Responding tone in which the President speaks of
the future republic, and brings into contrast the
language of public on the future prospects of
England, who deem that England's evils are pass
ing away, while the tone of society in America in
dicae that those of the new world are increasing.
The reform movement was progressing. John
B right had addressed another great meeting at
Edinburg, and at Manchester Reformers' Union had
been formed by the Bright party.
An influential meeting OF English ship owners had
been held at London, to take into consideration
the ruinous condition ofBritsh navigation. Reso
lutions adopted attributing the cause to the
repeal of the navigation laws and an address to the
Queen adopted, praying that the ships of non
reciprocating countries may be placed on nearly
possible the same footing as British ships are
placed in these countries.
In relation to the arrests in Ireland, it is evident
that the government was not minute too early in
interposing. The Belfast Mercury says there is lit
tie doubt that the Phoenix Club is entirely sedi-
landsm.
The government was expected to issue a special
commission for the trial of the prisoners arrested.
Mr.. Guernsey, arrested by the government for
stealing the 1onan dispatches, lately published in
the DAILY Ne,os, has been tried and acquitted.
The Prosestant Alliance having memoralized
Lord Malmesbury to intercede with Rome in the
Mortara case, Lord NJ replied that while the gov
ernment indignant at the outrage, it did not
think the interference of protestant power would
do any good, after the failure of Catholic power
like France.
A prospectus has been issued in London for the
Madras irrigation and canal company. The capital
fixed at f2,OO0O0O, of which fl 900 900 is to be
first issued, the Indian government having guaran-
teed five per cent. on that amount The object of
the company is to carry out extensive system of
irrigation particularly in the districts adapted to
cotton.
The prospectus has also been issued of the Canada
Landed Credit Company, with capital of f20O0 900
the object being to encourage flow of capital to
Canada, by making advances on mortgages of land.
The ship ORWELL from Melbourne, with f3l7 600
in gold has arrived at London. The West India
mail steamer had also arrived with G16l 900.
The government of New South Wales had depu-
teda agent to visit England, and confer with the
Colonial office, in conjunction with other represen
tatives of the Colony, the best means of estab-
fishing mail service via Panama.
THE LATEST.
The London Times, of Saturday, in its city article
says: ''The funds opened at lower prices Friday
and soon exhibited further tendency to depres-
sion, and finally closed at q below the official quo
tations. The weakness of the market was generally
attributed to speculative reaizations, capitalists
being at the same time properly sensitive with re-
gard to the effects to be apprehended from alb
sence of disposition to keep the demands of India
and the Colonies within reasonable limits. Money
is in active demand, and the minimum rate in all
quarters was 2H per cent. Applications at the
bank continue to increase. There were no gold
operations at the Bank on Friday. Exchange with
Russia has suddenly become much less adverse for
Al 4 IL
about per cent. Rumors of an approaching Rus
sian war have consequently, become current Sill
yer continues in active demand. The steamer on
the 29th for the east will take out 1924 900.
The Daily Ne,cs' city article says that the funds
showed dropping tendency, notwithstanding the
purchases of consols by operator to the extent
of fl00 600 and continued investments by the gov
ernment broker. The market closed fat. The in
creased demand for money in the discount market
threatened the introduction of new projects and
the drain of silver to the east excited discussion.
Meanwhile, the bank returns show further in
crease in the enormous unemployed resources of
the bank. In some other departments of the stock
exchange, heaviness likewise prevails, but consider
ing the depression of consols the market for Brit
ish railway stocks exhibits steadiness. fall in
the leading Canadian railway securities formed
feature of the day. Some Paris letters mention a
report that reduction of the rate of discount of
the Bank of France to ~ per cent. is not i'm
probable.
FRANCE
At meeting held in Paris for constituting the
Suez Canal Company, it was positively stated that
bona fde subscriptions had been obtained for the
full amount of the capital
The Paris correspondent of the London Globe saws
that the Count de Montalembert has received
letter from Count de Chambord, congratulating
him on his independent attitude, and expressing
deep sympathy for him.
The Bourse had been heavy but subsequently
improved, and the 18th the three per cents
closed at 73f 35c.
The budget has been broaght forward. The es-
timated expenditures amount to 81, ,7S6, 600 under
the estimated receipts.
ITALY.
The correspondent of the Daily NeIes saws that
it is not easy to get authentic intelligence from
Rome, in consequence of the action of Cardinal An
tonelli in stopping the letters of correspondents
letter from Turin states that the condition of
Italy grows every day more serious. The impress
sion is general that political crisis is at hand. 1t
is from high source that rumors of warlike ten
dency proceed. 1t is also believed that Piedmont is
encouraged by the Tuilleries.
AUSTRIA.
The Venice correspondent of the Times says that,
notwithstanding the inclement season of the year,
men who were on furlough have received orders to
join their regiments in Lombardy and Venice, and
notice has been issued that the military authorities
desire to purchase horses for the cavalry and artil-
lery. The necessary supplies also being sent
into the fortresses in Italy, so that if the attack
should be made on Austria, she will not be taken by
surprise.
There were rumors at Frankfort of new Aus
trian loan.
PRUSSIA
The Prince of Wales had returned to England
from Berlin, taking with him the order of the
Black Eagle conferred on him by the Prince Regent
of Prussia
RUSSIA
The Empress dowager of Russia was suffering
from a severe attack of bronchitis.
powerful party is said to have been formed
among the nobility to Illustrate the Emporer's
emancipation scheme. They have project for di-
minishIng the power of the Emperor, and increas-
ing that of the nobility.
TURKEY.
The Porte has addressed a circular to all the
Turkish legations, in consequence of the American
nelles in violation of the treaty of Paris. The rule
is laid down, that the light vessels of war, which
are placed at the disposal of legations. are to be
expected, but these to obtain Turkish note of
authorization to pass through the Straits.
CHINA.
The London Times in its leading article, gives
the details of the progress at Shanghae of Lord
Elgin and the Chinese Commissioners. The de-
meanor of the latter had been such as to confirm
the belief that the Court of Pekin is resolved to
carry out the provisions of the treaty with entire
good faith.
The progress of the tariff negotiations already
promises an early and most satisfactory termna-
ton.
There is every reason to anticipate that the vexed
question of the opium trade will be settled upon
basis which willprevent its becoming the cause of
future difficulties.
1t is probable that the expectation of coined cop
per- and the reexportation ofrice, will be legaized
upon equitable terms.
Mr.. Reed, the American Minister, was working
harmoniously with the British Commissioner, upon
the tariff question.
a. IL.