The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1860-11-22
EUROPE.
DETAILS BY THE GLASGOW.
ENGLAND

ENGLAND.
The London Times' city article of the 7th instan
says:
The English funds have been without the leas
movement to-day, but the tone of the market il
rather hrm. No gold was taken from the Bank
Inc principal fluctuations in the railway marke
to-day nave been in Canadas, which have beer
pressed Tor sale, the market being over supplied
nave experienced further decline.
The London Daily Ne,os says the bills of Spencer
L. Bennett, merchant, of Liverpool have been re-
turned
The London Daily Ne,gs' city article Of the 8th
instant says:
Although the expectation of an early advance in
the Bank OF England's rate of discount is now gen
eral, the English funds remain firm In the share
market the principal feature was further severe
fall In the stock of the two principal American
railroad companies. In the discount market the
supply of money continues ample, but rather high
er rates were demanded to-day, in anticipation of
movement at the Bank tomorrow. Good short
bills were taken at 33I94 per cent. The applica.
uons at the Bank were heavy, and betokened a
general impression that the rate will be raised to-
morrow. During the past few days the banks have
to 1905 per cent.
The London Times city article of the Sth inst,
says:
The demand for discount at the Bank was ex.
tremely heavy yesterday, in the expectation of an
upward movement. The rate to-day has in some
degree diminished. There is no commercial nres.
sure ana the majority of the applications made
yesterday must be regarded simply as a precau.
ton. 1t is not impossible therefore, that an imme.
date advance may still be deemed unnecessary
are likely just at present to be made from the Bank
on French account. Moderate remittancns will
continue to go to Spain, but these and anvtbinn
casually required for Paris, will, it is thought be
nearly all supplied by arrivals from Australia and
Panama. At the same time it is still a peculiar
feature of the period that existing rate of dis
count Is considerably higher than the rate on the
continent. COZ me stock of bullion is fully equal to
the aver age of 1857, when the rate was only per
cent. There is no rigid precedent for an increase,
and the matter merely stands at a point SO nicely
balanced that no faults can be found whichever
course may be adopted.
AFFAIRS IN ITALY.
The London Times regards the interference of the
French Admiral with the operations of the Sardn-
ian squadron on the Neapolitan coast as the most
inexpcable episode of the present campaign, and
says 1t requires all our confidence in the ability of
the Emperor to persuade that his policy is not
series of vagaries, the offspring of momentary i'm
pulses, or the conflicting counsels of ministers and
allies.
Letters from Naples state that Gavazzi had been
threatened in his own house by a crowd which as
sembed outside and cried "Death to Gavazzi." A
detachment of the National Guard remained there
during the day. Garibaldl has confirmed certain
privileges which he had conferred on Gavazzi, and
A despatch, dated Naples, November 6, has been
received giving the officially announced result of
the v ting in Sicily upon the question of annexa-
ton. 1t was as follows: Ayes, 432,O54; noes,
667.
The London Daily Netos says that about Is, 600
Neapolitan troops, 1000 horses and thirty-two
guns, being pursued by the Sardinians took refuge
IN the Papal States at Terracina. At Casterna
their progress was arrested by the Papal and
French authorities, and they will be at once dis
armed.
week ago the strength of the Bourbon army
was variousy estimated at from 40 900 to So 600
men-the latter being regarded as extreme
statement We cannot reasonably set down its
losses by the fall of Capua and the battle of the Sd
at less than Is, 900 men, Thus, in less than week,
Francis III. has lost &c, 900 men.
SWITZERLAND.
BERNE, Nov. To-day, NJ. Massignac remitted
to the President of the Federal Council his creden-
tias as French Charge d'AlTaires qd interip,-
The Marquis Fargot will not, therefore, return to
his post for the present.
A despatch from Southampton, dated Sth inst.
announces the arrival of the steamship Oneida.
with the heavy portion of the China and Calcutta
mails.
The London Posts Paris correspondent transmits
the following telegraphic despatch 1t is not true
that the Anglo-French expedition to China will ad-
vance to Pekin. The ENJOYS of the two Powers
with their suites and probably guards of honor, will
go to the capitol, where the conditions of the new
peace VIII be signed. In virtue of a clause in the
former treaty, an English and French Minister
will be accredited to Pekin, where they will re-
side.
INDIA.
Advices by the Bombay mail were to Sept l2
More animated demand is reported for cotton man
utactures. Markets generally more cheerful, but
all imports ruled at very low prices, and cOnsid-
cradle advance must take place before profits can
be realized. Cotton twist in better demand, and
advanced rates. Iron and cotton firm. News from
home of an advance at Liverpool had caused a
rise in cotton. The rise in inseed was maintainad
-'UHISti fE5"Oct. !, I6o0.-ueu. W uouuurn and Dr..
Burst are dead.