The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1862-05-29

UkEAf BRITAIE.-On the 10Th IN the
House Of Commons Mr.. Layard raid the
Government had received from Lord Ly-
ons copy of the report Of Committee
Of the House Of Representatives Of the
United States on the operations Of the
reciprocity treaty and had no objection to
lay it on the table.
The Times editorially says the advan-
taees gained in the west by the federals
have been such as it is impossible TO over
rate and are in singular contrast to the
slow progress in Virginia. 1t also expa-
tiatss on the Importance Of the capture of
New Orleans and says the north has n
right to presume the koar of final success
is approaching The Times also says the
rebels are apparently as determined as
ever, but from the manner in which the
military leaders have allowed themselves
to be worsted on the Mississippi, the con-
fdence of their people and foreigners
must not be shaken in their ultimate sue
cess
QUEENSTOWN, 18,-Patis Boursc clos
ed firm 10 and SOC for Rcntes
The Spanish authorities in Mexico had
notified President Juarez of their inten-
tion of leaving the country. Juarez re-
sponded by eulogizing their conduct and
offering them complete satisfaction.
American securities in London showed
increased heaviness. The morning Her
aid of the 18th believes the Confederate
retreat from Richmond viii be found a
piece Of mastery strategy to gain time,
when every weeks delay is Of the utmost
Importance, compelling the enemy to keep
up positions at greater distance from our
base of operations, thus depriving the
enemy Of his chief source of strength and
aid OF the gunboats, while they obtain .
perfect concentration of the whole Con-
Tolerate army in Virginia around Rich
mond, 30 rendering each federal corps de
armee converging upon the Southern
Capitol exposed to crushing attack from
Overwhelming numbers. Richmond must
be defended at all hazards. It is univer-
sally admitted now that if that city falls
| the Confederate cause on the eastern sea-
board 10 lost by the Confederate. Ii il
hoped no doubt that the Federal victory
will occur so late in the season and the
victorious army be 80 shattered tha. the
time required for reorganization will make
further operations this summer impossi-
Bile.
The Times remarks it would be mocke-
~ to ask Lancastershire to send ships to
Beaufort for cotton now that the great
emporium Of the Mississippi, where mill
ions Of acres Of cotton growing land are
in the power Of the federsls. II is there
fore an obvious policy to trade with New
Orleans to get further supplies of cotton
for the wants of Europeans, of plan tiers
who still assert their allegiance to the
Southern republic.
| LIVERPOOL, BreadstufT market
r. s. Il Co. and w. II. 4 Co., report
-four dull and declined 6d@ls per Dbl
State 24@26@30. Wheat dull 81 low
er per cantel since Tuesday, red western
8 and 9@l0 and 9. Red southern 10 and
9@ll. White western | / and 6Oll and
8. White southern 12Sl2 and 6. Corn
dull. declined 3d@6. mixed 274-9 and
30, yellow 81 and 3ta27 and 6, white 81
@32 and 6. Provisions-Beef nominal
and downward. Pork quiet and easier.
London markets. Wheat.heavy, declin.
ed 192 and per quarter. American Sc
curities. market firm. Sales, Erie 33@3A
Illinois Al discounts United States 81
76@791. Massachusetts, 5s 95 and IS SC
@8l. Virginia Is 52(a54. Pennsylya
MIA IS 20 do, bonds 1904.
| LArER-Liverpool, Saturday Eve -
The Persia has arrived with American
mails, the news was generally canvassee
and opinions are conflicting, cotton wal
fora time dull and difficult Of SALE
Breadstufsl Market dull. Corn frme
for mixed. Provisions fat and down
ward. Lard has an upward tendency
trifing advance.
4 LONDON, Saturday. .Ere.-Consols clos
ed OBS 1906 33 6. Money American
stocks, the latest sales were Erie r. r. 81
4 @35. Illinois Central 44@43 dis
count.