New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1860-03-05
THE VERY LATEST By THE AFRICA.
-. r,,,rprA from Loudop 20 Liverpool.

LONDON Feb. ia. m.
The Daily Meas City Afiiele), dated Friday evening,
ave; "T6e funds were. steady. COnscls advanced
3-i6 per cent The mere satisfactory appearance of
The London market yAay be elassed among the coDsid
era,oDs immediately sfeeting prices. la the other
DEPARTMENTS Of tie stock exchange the tendency
6fewise upward. The rules of discount in the open
market are still declining. The bee. bills may now be
negotiated at 81 per cent, or below the baak mimi
nam. There were no operations 10 gold at the bank
to-day.
The Eng sh funds opened steadily this morning at the
frm prices OF yesterday and subsequently experienced
further improvement OF /, owing partial rally on
tie Paris Bourse. The demand for discount to-day has
again been moderate and IN the open market the pest
abort paper has been taken at a ffastio1 below
cent In the foreign exchanges there was NO al1er4-
dor, Of importance from the rates Of last post.
The telegram from India and China to-day reports
no movement in the rates Of exchange. The pilces
Of Government securities at Calcutta were ais0 "'i
out variation. - ~. =, o
eclcck this morning. -. .or
The failure ,f Smith Seare g. Co., commission E,er
chants 10 the East India trade was announce 5S Gno
day. The liabilities estimated al oe'"eeh "S-V'O''
% iucrense in the exports of 1859 over The previous
yesr is ~ per cent and Is y per cent more taSh III
iS57 The n oct active year ever known;
ON The removal Of the IuoiaD Council IN midsumne-
r,yt the old India House in Leader hall street is to DO
,olS IL occupies tliglsy more than an acre, and &C
sordicr 10 report an offer of f200C0 has been made
Tor a. L il SAID as q terminus for all the principal rail
Inc proepectus had been issued of the Union Dis
count Company, with capital Of ESQ 600. The OBJ
iect Is to furnish facilities 10 traders OF the middle
class.
generally Inactive the proposed abolition OF the duties
upon Bumerous articles having AZ present exercised
but a slight influence on prizes
The Bank account published last night ndlcates tna1
Tie late financial pressure has entirely ceased.
THE CHINESE DIFFICULTY.
The london Star says b8s reason 20 believe thaI
che Government are IN possession OF recent
from Pekin by way Of S.; Petersburg TO the effect that
the Emperor of China is disposed 10 make every rea'
sonsbe concession for the purpose Of averng further
hostIiteE and that II these pacific dispositions are met
in honorable spirit by England al far'her contest
may be avoided.
MISCELLANEOUS.
H. Thouvenes last circular 10 cried abont the streets
Of Paris at sou the answer OF the French Gov
erImtpt 10 the Pope's enc! clIc2l letter. . -
The Republican party IN the corps kgtstaty WI
support the treaty of commerce against the Protes
toDitts.
Eenied bis nteI On Of presiding at the dinner OF th
volunteer officers 10 be given on the 7th March.
The action for libel brought by she Steele against ta'
Bishop OF Orleans ia announced to come OF on the is
Of March.
THE BUDGET AND THE CABINET.
leader IN Tie Herald indicates the line of agree
ent that will probably be taken by the Conservative
party IN support of Mr.. DucaDes amendment.
The Herald complains that we are going out OF our
way 10 incrcase very formidable deficit by rowing
AWAY millions Of revenue upon an experiment., while
hp certain we are merely tding the years dlth
eules to en- counter still larger difficulties, and dehes
M. Gladstone 70 meet the ordinary expenditure
neat year. without a shilling income, we must loox
forward 70 heavier expenditure next year Tatherthan
Aredueton The most prudent Of our legislators must
rely far confidently on the naval and military es-
Inmates than the commercial treaty for de;e see.
We Inust pay for the adoption Of the system, o.
possibly for The construction of ironplated steam
navy. He would be bold who, with such
Minister a. Lord Pam in power, would venture to de
clare against the possibility Of within the next 81,
months. As 70 the commercial treaty there is humll
iDg Of our having out of the late negOta
toss with considerably the worst OF the bargain.
The Times says no one expected the commences
treaty and its concomitant TO pass without II
VIAL but the weapon has yet be forged that sha
destroy it. Ii is not met by the couple Of negatives
which Mr. Ducanes amendments consist, which IN ID
instance happen to make up an affirmative by contra
die ing ore another. Mr.. Gladstone in his letter I
Mr. Glyn admits bis proposals 10 be not met In the
firm shape This is still more the case with the com
mercial treaty. Mr.. Ducanes resolution (cOuld W
suppose il successful would prevent the fail consider
prsed in the Budget and would besides plunge Us ntC
long financial struggle at home, besides adding 10 oul
difficulties abroad.
Tie Aorntng Star, referring TO Mr.. Ducane's
amendment the Budget, says decision adverse TO
the Government must be followed OF necessity by q
dissolution Of Parliament. The division will probably
not be taken before Friday next. There s time there
fore for the country TO speak out In this amendment
e involved the fate of the treaty with France and the
question Of the opening up to British industry Of an
entirely market Of NOT less than 80 600 Of Gus
TONERS the tax gatheTer of 400 articles of COM
MERGE imported from abroad, and Of the hitherto Grip
pied manufacture Of paper.