The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1860-07-18
EUROPE.
BY THE CITY OF BALTIMORE
tBy Telegraph to Queenstown.l

By Telegraph to Queenstown
m The Daily Ne'os city article OF July 5th says:-
Inc funds to-day were quiet at Yesterdays prices
little business was done. The share markets firm,
out there was general absence of animati tion De-
mand Tor money continues active. The rates for
good bills in Lombard street are 4I@41%. A large
amount OF business was done day at the Bank
. Inc I9mes city article says: The funds show con-
tinued dullness. and the transactions are wholly
uEimportant-f42, 900 in gold were taken to the
Bank to-day. The letters of allotment for the new
Russian loan were to be sent out this afternoon,
but the particulars of the total subscribed have not
yet transpired. The railway market is quiet, but
firm in character
THE LEATHER TRADE.
M further failures of Importance ia announced
Inc 1'mes remarks that the break up is simply the
result OF undue credit having been granted to
single firm, which has made up a multitude of
smaller ones to keep up constant system of ex-
tension. Hitherto the tanners, as a body, have al
ways stood well for prudence and solidity, and it
Is believed that the position of the firms that have
avoided speculation and carried only legitimate
operations, were never more healthy or indepen-
dent than at this moment. 1t is said that one of
Ihe hrms which failed in connection with Messrs
otratheid Go. are not expected to pay more than
one shilling in the pound, their chief business for
some time past having consisted in accepting bills
STATE OF TRADE
The Herald says the effects of the bad weather
and the general sluggishness of trade during the
season are gradually, but slowly, affecting the stu.
atlon OF number of small establishments-tw
hrms in the branches connected with Manchester
nave been compelled to seek the indulgence of
one creditors, one with debts amounting to f1O
Ooo OF ,oO0, and another to the extent of about
t9'ooo. 1t also appears that the quantity of bills
returned through the Clearing House is Increasing
though they We're chiefly associated with the sec,
ond and third-class houses
THE PAPER DUTY.
The Times says that Mr.. Gladstone's Intentions
with respect to the paper duties are said to be to
reduce duty on paper OF foreign manufacture to
the same amount as the excise duty now levied
upon paper of home manufacture. The Times
adds that this is obviously neither more nor less
than bounty upon the introduction of French
paper.
MISCELLANEOUS.
There is no decisive news from Naples. The eff
feet of the Kings concessions is very uncertain
The rifle shooting at Wimbledon continues to
excite great interest. The number of prizes had
been increased by Miss Coutts, who offers one of
nifty guineas, open to all corps, with anv descrip-
ton of rife. Several contests remain undecided.
on account of ties.
The shooting off of one of these ties attracted
great attention yesterday. 1t was between NJ No
rison the crack shot of Switzerland and NJ. Frecht
Swiss also, Mr.. Edward Rose, Sergeant Wilson,
the best shot at Hythe and Mr.. Ingram, of Glas-
gow-each had to fire one shot at 800 Yards Will
son was first thrown out, and the others were still
equal-Norison, Rose, and Ingram were the three
nnal ties. The Swiss made blank. Rose sent
his shot plumb into the BULBS eye and scored two
and Ingram only scored one, and of course Rose
was the victor.
VOTE OF CREDIr.-This morning was issued an
estimate OF the sum required to be voted towards |
deiraying the expenses of naval and military oper-
ations in China, beyond the ordinary grants for
army and navy services for the year lS6O-'6l in
cludlng repayment of f443, 1896 to the government
of India, for advances on account of former expe-
ditions to China. The sum in question is e.
800, 900.
City funds improved about 19 but relapse sub
took place, but little business going for
ward. Share markets firm.
LIVERPOOL CoTToN MARKET, July 5.-Sales pro-
badly 5000 bales. No exchange Imports quiet
Previously 23960 bales.
LONDON, July 5, noon.-Consols steady at 1890
93%. Shares good at about last nights rates.
French and Canadian steady.
THE VERY LATEST
LIVERPOOL, July 5-P. Mat the Fouth of July
banquet, in London, MIR. Dallas proposed the prin-
cpal toast.
No additional failure of Importance has occurred
in the leather trade.
Cotton-Sales yesterday and to-day 20 O00 bales in
Guiding 1900 speculation and export The market
closes with declining tendency and prices very rregu
lar Some authorities prices again I'd lower on
the week.
Breadstufs steady.
Provisions dull
32s '''' ~ ''''p az
LONDON July 5.-Consols closed at 9S%G93x for ac-
count, ex-dividend.