The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1862-04-18
FOREIGN NEWS.

MADRID, 6th-1t Is Officially declared
that the WISH Government hss mos,
resolutely determined not to attempt to
iafinge on The sovereignty and indepen-
dence Of. the Mexicans.
The Great Eastern is advertised 10
leave Milford for New York on the 9th OF
Muy.
In the House of Commons on the Sd
inst. MIR, Fitzgerald gave notice that he
would soon call attention to our relations
with Mexico.
Mr.. Gladstone had made his financial
report, and in the course of his speec b
adverted to the great drawbacks from. the
American crisis which had turned tout
worse than was anticipated. The cotton
crisls was most serious fAature 10 Eng
land. A blockade had, Of course been
expected, but IL proved faf more vigorous,
and extended over greater line OF coast
than had been anticipated, and lis effect
had been nearly TO double the price of
cotton. The loss on American trade was
great the exports having, from nearly
twenty-five millions Of pounds in 1860,
decreased to only FIVE millions in 1861. -
Trade with America, according 10 rece nj,
returns, was, however, improving.
Mr.. Layard said that the Government
had received official information that :
convention had been entered into between
the commissioners of the allied powers
and the Government of Mexico, and it
was true that the British forces had bee n
withdrawn from Mexico, except small
body Of men, and that it was not lie in
tention Of Government that they should
take any part in the expedition into the
interior, and they would all be brought
home, except about 100 who would be
left there for the performance Of ordinary
duties. Her Majesty's Government did
not approve of all the articles Of the Con-
vention; they approved Of it generally.
Mr.. Osborne moved a resolution that it
Is expedient to suspend the construction
Of the proposed forts at Ship Head till
the value of iron rooted gunboats for de.
fence shall have been fully considered
He referred TO the exploits Of the Merri-
mac and Monitor, and claimed that the
invention OF the principle of the Monitor
belonged to Capt. Coles, whose plans were
hong since submitted to the Admiralty
sud reported ON fayorably, but then
shelyed.
Il Lord Palmerston admitted the great
of the question and reioiced
that it was not brought forth in party
spirit. The question had occupied the
earnest attention OF the Government. He
did not deny that the action between the
Monitor and the Merrimac had brought
the lesson, but since il had done. that in
one direction, it had also given warning
in an other as showing what they could
not do as well as what they could do. He
pointed out the drawbacks of the Monitor
and what England was doing with iron
ships, and said that tenders had been sent
out for the construction Of ship on Capt.
Coles principle. He questioned the OK
pediepcy of entirely neglecting fortifca-
lions and favored both forts and floating
batteries. Preparations had commenced
For cutting down the Royal Sovereign,
'ne Of the finest ships in The English ma
W, from l3l screw three-decker to a
Y gun-ship on Capt. Coles plan. The
8ulwark, 80 guns, was also to be con
1erted into an iron plated ship.
The army and Navy Gazette observes
hat there Is more than the usual element
# uncertainty about the issue Of the civil
var IN America, owing to the ignorance
If the real capacity of the South to resist
md tae North to move. The Federals
viii have to prove, by getting to Rich
nond, that they have Quartermaster
GENERALS Department, a good colnmissa-
lat and military train.
FRAHcE.-Gen. Goyon's return from
ZONE was regarded as almost certain.
Very Latest.--The Paris.correspondent |
t the London Daily News says the diff
erence between England and France on
lexican affairs is very ticklish.
The ship Yorktown, regular packet
rom London to New York, has bean cap
lred on her voyage by Confederate pri.
ateer.
Commercial.-Breadstufls market gen
rally quiet and steady, except for flour,
hich is still declining. Various circu-
RS report flour downward and declined
d9ls; quotations range 24s@29s.-
Wheat quiet and steady; Red Southern
Is 4d(a lis cd; White Western lis Sd
D12s; White Southern l2s@l 2s6 cd; Corn
uiet; Mixed 27s Gd@2S; White 33sa
As Cd.
Provisions generally quiet and steady.
!. A. d Co. and others report Beef steady;
ork firm; Bacon easier; Lard heavy and
sclined I'd.
American securities quiet and firm;
lies N. Z. G. 723; Erie 81; I. c. 44 dis
,unt.
Latest via Queenstown. -BreadstufIs.
'lour steady; Wheat quiet and easier;
orn is active. Provisions closing nuiet