The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1877-12-10

I partly Influenced .;Fbyjs further reports
Of diminished shipments from China
and large deliveries here, the demand
being chiefly for common Congos, these
being fully half penny per pound dearer.
Indian teas have continued fiat. "A part OF
the supply at auction has been withdrawn.
Fine qualities show no alteration. A few
parcels Of plantation Ceylon coffee, new,
were offered at public sale and met with an
active demand, and obtained extremely
high rates. Another cargo OF new Birmah
rice sold for spring shipment oR last weeks
terms. 49,. 49,. 5..,ss,.+-
The Economist says: :. Discount sales
are stiff at 81 per, cent. The stock markets
began with fall ia prices, followed by gem
eral depression here, but as the, week ad-
vanced tending towards recovery ap-
| peared. On Tuesday there was general
rise. Ga Friday prices were again higher
In response to the feeling in Paris, but
dropping towards the close. The effect Of
the weeks fluctuations has been favor
able In most cases. The CHIEF ex-
ceptions are consols and Russian and
Egyptian stocks. The decline in consols
is due to reduced supplies OF money.
There is plentiful supply OF stock on offer,
principally BY, the Bank Of England. Tran
sient but severe fall in French rentes was
| doubtless partly in consequence OF political
ieelers, and in part was also connected with
the state OF the market. At the Bourse set
Element very remarkable feature was the
strong rise in United States a. per cent.
bonds on receipt Of President Hayes's mes
sage and Secretary Sherman's report; both
| insisting upon the pursuit Of On honest
course in the payment OF American bonds
| in gold. The faith Of investors in these
securities had been much shaken since the
proposals for using silver in place Of gold
| were agitated. The older issues are kept
down by the continuance of funding ope-
ration.' -: .tr,-
The Economist says an English interest
OF the first order is imperilled by the Gov
ernment's present policy-'namely, military
communication with India. An alliance
with Turkey would be Ineligible, but i'm
polite. A second course possible to the
Government is to inform the continental
powers that il the Eastern question must be
settled now England has a paramount in
tcrest therein and is ready to come into
council with other powers and do her best
to arrive at conclusion which shall meet
their views and ours. This course is both
ineligible and polite. To do nothing is
HGibueI HUI pOllGlC, uuU ID
happily the course the Government seems
at present resolved to take. The only ar
gument that can be alleged for it is
that II when the war is over it turns out
that the continental Powers have deter
mined that Egypt shall become the pro.
perty OF France, or Italy, or shall be made
neutralized State under the protection OF
European guarantee, or retained by the
Porte under paramount Russian influence,
England may still seize Egypt by force.
That is true. She may do so, and should
things ever be allowed to come to that pass
she will be bound to do so; but what
would the Government deserve IL, having
vital national interest in their charge, they
chose to protect it by war with its inevita-
bic risks. or by forcible annexation with
that heritage OF war, which forcible annex
alton commonly brings with it. when they
might have gained them, and equally well,
by timely negotiations!
The Saturday Reuie1 says, as if for the
purpose of provoking and defying opposl-
ton, the organs Of the Russian Government
state that in resentment for the unfriendly
feeling attributed to England the Emperor
will not allow the English Government to
take part in the negotiations for peace, as
at the time when the Berlin memorandum
was rendered to the Powers for signature at
forty-eight hours notice, the three Imperial
Governments were to undertake alone the
settlement OF the Eastern question. Ger
many is, for some mysterious reason, more
Russian than Russia herself, and it is true
that Austria has hitherto seryilely followed
the lead Of Germany. 1t is not improbable
that the terms of peace will be settled indie
pendently of England, but exclusion from
the councils Of Europe. of power which
has hitherto protected Turkey against IA
pacious enemy will depend not OH the
choice OF the Russian Government, but on
the possible inability or unwillingness OF
England to interfere. The preposterous
demand by Russia Of monopoly OF the
Black sea and the straits, qualified by the
nominal admission OF Turkey reduced to
dependence on the conqueror, will not Sc
riously be preferred either to England OF
any other powers.
France.
SATURDAYS SITTING OF THE CHAMBERS.
VERSAILLES, December S.-The sittings
| OF the Chambers to-day was uninteresting,
1t was expected the question would he put
in the Senate, affording NJ. Dufaure an op.
portunity of explaining his share in the re-
cent events; but both the Right and Left
being uncertain OF support the Constitu.
tionalists refrained from putting the ques-
ton. After the sitting the Constitutional
lists held an important meeting. One mem
Der declared they must follow the Marshal
up to the end, even to dissolution. NJ. Lam.
| bert de Sainte Croix urged that the Marshal
must accept parliamentary ministry.
NJ. Batbie maintained that the Marshal
had made every concession consistent with
honor, and henceforth the Constitutional
ists mist follow him. even to voting sec