The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1866-05-18
R0Eei9tl News.


The steamers City of Paris and the
Germania arrived at New York or
the 18th inst, bringing dates from
Liverpool to the Sd inst. The whole
news by these arrivals is devoted tc
the coming war in Europe, and fol
the information of our readers we
make the following extracts. II
would appear that all Europe is tc
be involved in the approaching con.
test:
The intelligence from Germany
and Italy continues menacing, and
ornaments are vigorously pushed
forward. The italian fleet has left
Genoa; destination unknown.
The depression on the London and
Parls Exchanges is unabated. The
French rentes fell an additional
three-quarters per cent. on the Cd.
closing firmer, under n rumor of me-
dlation by France, England and
hussla. The rumor had not been
confirmed.
A Bombay telegram, of April 26,
reports panic in the money mar
kets, and that bills were generally
unsaleable.
The Bank of England, to-day, ad
vanced Its rates of interest to seven
per cent.
PANIC IN LONDON AND PARIS. The
London Times city article saws:
"A state of panic greater than has
been experienced at any time during
the past nine Years has prevailed in
all the markets to-day \ further
fall of five per cent. in Italian stock.
and of IL per cent. in French rentes.
coupled with another heavy outflow
Of gold from the Bank of england,
which suggests the early possibility
OF movement of the rate of dis
count up to seven per cent. have
been the principal causes of the gene
raj confusion and loss of confidence
The shares of the various finance
companies have been sold ut any
price that could be obtained, and bn-
siness has been adjourned till We'd
nesday, (the Stock Exchange being
closed Tomorrow under circum-
stances of intense anxiety
American securities were included
in the general decline.
United States tive-twenties closed
at 6S5s(G6S7s
On the 1st there were of course no
transactions on the Stock Exchange.
The drain of gold from the Bank of
England for the Continent continued.
The discount demand was pretty
active, and in the open market there
were very few transactions below six
per cent.
FEARFUL PANIC IN PARIS. About a
week ago, before the Austrian propo-
sol for o reciprocal disarmament,
which for short time acted as lack
O lanthorn, was known, l unhesita
tlngly put upon an article in the
Pays, clearly dictated by the French
Government, the construction that
war was certain. That idea now pos
sesses every mind. The fall on the
irregular Bourse, of Sunday, which /
noticed, has been adopted and sur
passed to-day. The panic is fearful i
rente fell-more than it has ever
fallen IN any one day since the apprc-
henslon OF war prevailed, franc Sc.
for cash, and l franc 25c. for nc
count, closing at 65 francs 65c. and
63 francs 15c. Italian suffered the
tremendous decline of francs 4Oc..
the last quotation being 43 francs
90c. o. Mobilier fell % francs;
Bredit Foncier 55 francs; Compton
d'EsCompte 35 francs; the Northern
Railway 20 francs; Orleans 10 francs;
Lyons 43 francs 75c. The only rail
way which did not fall was Southern.
which rose francs soc.
Paris Con. London Times.
ATTITUDE OF FRANCE. special
council of Ministers was held on the
30th nlt., under the presidency of the
Emperor. 1t is stated that the sub
ject under discussion was a proposal
made by Prince Mettcrnich, the Aus
trian Ambassador to Paris. that Aus
tria and Ital V should simultaneously
disarm.
The Co"Sfif'Hio"mel of the lst, pub
fishes an article showing that should
war break out France will in no wav
be responsible. France has remained
entirely neutral; she has reserved to
herself complete liberty of action.
a d vii! not he drawn into way
against her will by any occurrence
whatever
Owing to the war news, the Bourse
has been i'll state of confusion
worse confonnded'' for q week, with