The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1861-01-24
LATER FROM EUROPE,
NAILS BY THE MARATHON

Important Financial News-Bank of England
Rate of Discount Raised to per cent
England Protests Against the French Oc-
cupation of Syria-The French Military
FOrce-The Affairs of ItaIy-The Pope and
General Goyon-Rumored Loss OF the AL
lied Fleet.
The Cunard screw steamer Marathon, Captain
Macarthur, arrived at New York on Tuesday, from
Liverpool, which port she left at P NJ on the stb
of January.
The steamers Europa and Vigo arrived at
Queenstown, the North Briton at Londonderry, the
kedar at Liverpool, and the New ork at South
ampton, all on Sunday, the 9Th inst.
The West India mail steamer Shannon, concern
ing which some anxiety had been felt, was off
Sicily on the 9th, and steamer had gone to her
assistance.
GREAT BRITAIN.
On the 18th instant (Monday,) the Directors of
the Bank of England suddenly and unexpectedly
advanced their minimum rate of discount from
six to seven per cent.
The effects of this advance upon the funds were
severe, causing fall in consols of 15@54 per cent.
the closing quotations on the 7th being 9l34 for
account Railway Stocks, both British and Ameri-
can, were also much prejudiced, the average fall
being p per cent.
In the discount market on the 18th, there was an
absence Of pressure, and just before the action of
the Bank Directors was published, good bills were
negotiable at fraction below six per cent. After
wards, however, the range was 1917 per cert.
The applications for discount at the bank at the
advanced rate, were not numerous.
The Daily Ne,cS, in enumerating the reasons as
signed for the action of the Bank of England SAWS
The Bank of France is in an unsatisfactory position
the effect of the American panic having relatively
been quite as much felt in France as in England
There is also the fact that the reserve of notes in
the Bank of England, by last return showed a fall
off of ards of mil ba
from America is supposed to have had the chief in
fuence in the bank paror on Monday-the impress
sion being that further gold shipments would be
made to New York during the week
The Times says the bank movement created no
dissatisfaction, and there was not the slightest
symptom OF internal pressure or discredit. Com
mercial men are disposed to believe in the prosper
Gus course of business late in the year.
The Daily Ne,os says that while there is not the
slightest appearance of panic, feeling of discour-
agement and uneasiness is becoming more plainly
observable. 1t is feared further strong action may
be necessary on the part of the bank. Some mis-
apprehension is felt as to the effect even in the
present sound condition of trade occasioned by the
struggle for bullion between the three greatest
money markets in the world-those of England,
France and America.
The weather in England continued very severe
FRANCE.
The Paris correspondent of the Times states that
within the last few days the English government
had communicated a note to the French govern =
tHeHt against any longer occupation OF SYRIA by
French troops, than is warranted by the treaty with
the Porte. The note is said to be couched in strong
terms. No answer had yet been given to it.
The Honitear publishes decree modifying the
duties on the importation of raw hides and skins,
of all kinds of horse hair, seeds, hemp, fax, and
other famentous vegetables; also, copper, pewter,
Lead, &c. The Woniteur also contains decree rails
ing the interest on treasury bills to 3, 80 and 4
per cent respectively.
A letter from Toulon says that orders had been
given to put upon the stocks three new iron-cased
ships, on the model of La Glore.
ITALY.
The Paris Patrie neutrality-suspicious. have been
opened at Gaeta for the conclusion Of an armistce
on new basis.
The bombardment of Gaeta still continued on
the 9Th of January, and mortar battery had been
established in the valley in sheltered position.
The Dd'ty NelCs of the Sth announces that the
French government have offered to withdraw their
squadron from Gaeta, provided the Italian army
will suspend their fire till the 18th or 10Th inst,
after which, it is understood, the Sardinians can
open the bombqrdment from the sea.
A conspiracy, formed by the Bourbon party
but without any Importance, had been discovered
at Naples. -Four royalist generals had been ar
rested with some of King Francis ii. soldiers, who
had come from Gaeta.
Prince Carignan was expected at Naples by the
18th.
The Turin journals publish letter from Carl.
baldi, in which he any intention of offer
ing himself as candidate for the post of deputy
TO the Italian Parliament, and advises concord in
order to arrive at the deverance of Venice.
On New Years day the Pope received the
French officers. General Goyon made no political
allusion. The Pope approved of the expeditions to
Syria and China. He also said that in defending
Gaeta the French fleet serv es lust and holy
cause. The Pope avoided making any other DO
litical allusion. and said nothing concerning the
Emperor Napoleon.
A letter from Rome, dated Christmas day. says:
This morning in the basilica of St. Peters the usual
high mass was celebrated, the Pope officiating
The ceremony acquired unusual interest from the
belief which many entertain that this is the last
Christmas day that will thus be celebrated in St.
Peters by sovereign pontif. Mass over, the Pope
was carried out the church in his portable throne
according to custom, preceded by the cardinals,
bishops, and all his court, his triple crown on his
mead, before the two great fans of ostrich feathers
set with the eyes of peacocks feathers, symboical
OF the vigilance required of His Holiness and also
OF the supposed fact that the eyes of all men are
fixed upon him. Hardly ever more than at the
present moment did the symbol indicate the truth
especially regards the vigilance necessary in his
on an occasion of this kind the Papal Zouaves
Franco Begians) were on duty among the troops
forming the double line through which the Pope was
carried.
INDIA AND CHINA.
Bombay letters of December u, and Calcutta oil
December 3, had reached England. Freights at
Bombay were very quiet
Calcutta despatch of December SAYS the i'm
port market was very firm.
No intelligence of loss to the Allied fleet at the
mouth of the Peiho had reached the English gov.
eminent and the statement was not generally cred.
tied.