Baltimore daily commercial. [volume] (Baltimore, Md.) 1865-1867, 1866-05-30
LATEST TELEGRAPH NEWS
TO THE
DAILY COMMsINRCTAT..
LATEST FROM EUROPE.
Arrival of the Steamer st. David.
WAR IMMINENT.
Tie Financial Panic-More Failures.

| WAR IMMINENT.
The Financial Panic-More Failures.
| --LATEST COMMERCIAL. NEWS, &c.
| FARTHER POINT, May 29-The steamer st. David
has arrived from Liverpool thel7 via Derry 18th.
| Continental affairs unchanged.
| Armaments by the German Powers continue to
progress actively notwithstanding the negotiations
| for a conference.
| Owing to the state of affairs on the Continent,
Queen Victoria thinks the interests of the country
| might be inconyenienced if she removed from Lon
| don, and has abandoned her visit to Balmoral.
1t is officially stated at Berlin that there was no
necessity for Prussia to send reply to the Austrian
note of May 4th since Austria therein declared all
discussion on the question of disarmament was ex-
hausted.
Prince Frederick Charles has been appointed COM
| mander-in-chef of the Prussan army.
1t is said that works have been undertaken to
fortify Vienna.
| The news from Italy continue warliks. The Flor
ence correspondent of the Daily yews says that be-
fore June the Italians will have 400 900 men under
arms of whom 100000 will be on the northern from
tier The war it is said will be commenced by the
eruption of Garibald into Venetia
An official Italian paper points out that Italy will
consider any attack of Austria upon Prussia as di-
rectly against herself.
The Paris correspondent Of the Times, writing on
the 10TH says: There seems to-day glimmer of
hope that after all peace may be preserved. The
King Of Prussia is known to be hesitating more and
more as the critical moment approached
SHIP NEWS.
The steamer Denmark had put back to Queens
town with her machinery disabled.
The ship Argean, from New Orleans, at Liverpool,
had been greatly damaged by fire.
Commercial Intelligence
The Liverpool cotton market, after some huctua-
tons closed at last weeks quotations. The sales OF
of the week amounted to $1,000 bales and the sales
on Friday reached 5000 bales, the market closing
The authorized figures for cotton are as follows
Fair Orleans l6d; middling 1314d: fair Mobile 5d;
middling l3d: fair Upands l415d; middlng 1224d.
Stock hand estimated at go 900 bales Uplands of
which 41500O bales are American.
The breadstu1s marAet closed verv drl but prices
firm.
Provisions closed dull.
MONEY MARKET. ,..
= LoNDoN, May l7:-Consols closed at S73s@8732. U.
:. 5-2Os closed at 66G66A Bullion in the Bank of
England has decreased G3 00 and the issue of notes
has decreased "a, 100000.
The Bank act has not been resorted to for the ex-
traordinary powers granted by the Government.
Confidence in commercial and financial circles con-
inues to recover. but there continued rumors of
heavy suspensions at Liverpool
Arrival Of the Steamer Persia.
NEw YORK, May 29.-The steamer Persia from
Liverpool on the 18th, arrived this evening at half
past seven o'clock
LIVERPOOL May IA Trieste despatch says: The |
naval authorities have refused to grant clean bill
of health to the vessels intended to convey volun-
teers to Mexico. and without it no ship allowed to
leave the harbor. !
GREAT BRITAIN.
In the House of Commons, Mr.. Watkins called at
tnDtiO 10 fbar H.
the assembling of United States war vessels on the
fishing grounds, and condemned the conduct of the
British Government in the matter
Mr.. Layard defended the Government, and said |
they not responsible for the termination of the
treaty, The Government was fully alive to its i'm
portance, but the American Government would hear
of negotiations for renewal of the treaty He |
deprecated the speech of Mr.. Watkins as calculated
to arouse hostility, and said that the American Gov
ernment was actuated by friendly motives in sending
fleet to prevent difficulties.
Mr.. Cardweil, also said that the Government |
viewed with satisfaction the proceedings of the /
American Government in the matter
THE GERMAN DIFFICULTY.
The situation of Continental affairs is unchanged
War appears to be as imminent as ever. Marshal |
Benedek had issued his FIRST order of the day" to
the Austrian army, expressing firm confidence in the
army and in the justice of the Austrian cause.
Military preparations still reported from va
rious quarters and from Italy particularly the news
is exceedingly warlike. France, England and Rus |
sia are negotiating for European Congress, but |
there is little hope expressed Of pacific results.
Lord Clarendon, in the House of Lords admitted |
that confidential communications were passing, but |
expressed his conviction that there were hopes of
peaceful solution.
THE FINANCIAL PANIC,
The panic in the English money market had sensi-
bly, subsided. Securities generally had improved. |
but still heavy suspensions continued. and it was
feared that many more were to follow. The weekly /
bank returns were the most extraordinary ever is
sued. The Bank of England had increased its pri-
vate advances in week over $4,000 900 sterling
but still had not availed ofhe liberty given to exceed
its charter.
LIVERPOOL, Saturday evening-The Africa's news |
from America not developed till after business
hours to-day.
Another London bank-the "European"-suspend- |
ed to-day, with liabilities amounting to one million
sterling Funds and securities are generally dull
and lower, closing fiat. There rumors of addi-
tional suspensions in commercial circles It is gen
orally stated Messrs Burtt, English Brandon, of |
Liverpool, will show ample assets, and pay twenty
shilngs the pound.
LATEST BY TELEGRAPH TO QUEENSTOWN.
LONDON, May O.-The reports concerning the Eu- |
ropean Congress all conflicting. 1t is said that
Austria has refused to join in the measure. No di-
rect negotiations nave as yet been addressed to the
Courts in Vienna and Florence.
Commercial Intelligence.
LIVERPOOL, May l9th.-Cotton is dull, but un- |
changed, and the market closes steady. The sales
OF the two days amounted to 81 600 bales.
Breadstuts-Ihe market closes with downward |
tendency.
Proyisi9ns-The market closes frmer. with an up |
ward tendency for Lard.
LONDON, May l9.-Money and Stocks-CopsoIs for
money closed at S71a; U. S. 5-2Os closed at 65@66
[sECoND DEsPATCHl |
Richardson and other authorities give the follow
ing quotations:
Breadstufs dull. Flour closed quiet but steady
Wheat los. 3d@l0s. Cd. for winter red the market
closing quiet but steady. Mixed Corn sos @30s. Sd.
BIgiand, Bruce Co. quote downward tendency
in Beet, the market closing fat and prices easier
Pork closed quiet and 2s. lower. Bacon frmer and
lg2s higher Lard 7Os OILS, the market closing
Ashes-PotS and Pearls steady. Sugar closed inac-
tive Coffee closed steady. with an upward tenden-
upward tendency. Spirits Turpentine closed mac
tive at Is. Petroleum closed dull, with sales to
speculators at a decline of cd.
LONDON MARKETs.-Sugar closed inactive but un-
changed. Coffee closed dull and unchanged. Tea,
common CongouD sales small. Rice still declining;
sales at 44s 3D. Tallow quiet. Spirits Turpentine
dull closing with upward tendency; sales at Is I'd
@2s Cd.
LATEST COMMERCIAL.
LIVERPOOL. Saturday evening" May 1e-The steam
ship Africa, from Boston, has arrived.
Cotton-Sales to-day were 5000 bales the market
closing dull with but little inquiry Prices of Mid
ulnS UpldnuS are QuOIeu ABOUT lZt2d.
Breadstufs closed quiet and steady Provisions
closed dull. Tallow is still declining.
THE LATEST FROM THE CONTINENT.
The latest news from the Continent consists of
vague rumors that hostilities had almost commenced
The Erie Railroad.
| New YORK, May 29.-The Commercial says that the
reports of under issue Of Erie stock rests on avery
slender foundation. The fact apparently is that the
meeting of directors called for tomorrow to consider
proposals for new loan to enable the company to
meet its accruing liabilities We also hear that it is
stated that the director who previously lent to the
company and now holds 140O shares of its stock as