The New York herald., 1878-11-16

terday marked by the default OF five brokers. John
Lomas Co.. chemical manufacturers at Jarrow-on-
Tyne with "a paid up capital OF s5ooooO. have
failed Their assets win probably realize twenty-five
per cent. The failure occasions considerable
anxiety in the Tyne chemicals trade which is in an
ceedingly depressed condition, and prices lower
than ever before The only hopeful feature is that
the stocks are low. Young u4ston) Co.. shipown-
and insurance brokers, 50 Cornhill, f. c., and
sailmakers IA Andrew ST., Bromley. E.. have failed
Their liabilities $500.00o Wilhelm Pustam Co.
OF Hamburg, Of the largest houses in the China
trade have failed. Donner 4 Co.. the London mer-
chants who suspended on "Wednesday last were their
agents here James Forest Co.. cotton spinners of
Blackburn have failed. At Preston 100000 spndles,
1900 looms and 1900 operatives idle Many of
the mills working only from two to four days In
. week and there is much distress.
The cotton factories at Zurich working only
eight hours daily is expected that the mills in the
Grisons will also adopt short time during the winter
rRuE TO LATIN UNION.
Switzerland did not denounce the Convention OF
1865 constituting the Latin Union because of any dis
satisfaction the proceedings of the recent Paris Con-
ference On the contrary its propositions were accepted
subject to ratification by the Chambers. The Con-
venton of 1865 expires by Limitation at the end of
1879, when, unless denounced. it itself for
fifteen years. The action of Switzerland will open
the way for the negotiation Of new treaty.
CHURCH NEWS.
II is stated from Rome that Cardinal Nina, Papal
Secretary of State will continue the negotiations Of
his predecessor, Cardinal Franchi, about sending
inter Nuncios to the South American republics The
Padre San Felyce who was appointed Archbishop of
Naples has received royal ersQutAy and will present
homage to the King and Queen Of Italy on their ar
rival at Naples to-day. The overflow of the Tiber has
inundated the Rpetta the piazza Of the Pantheon the
Via Tordinona, the Piazza ST. Angelo the Ghetto and
all the lower streets of the city OF Rome despatch
to the Times from Berlin says that the negotiations at
Rome with the Vatican have been resumed, with
fair chance Of success.
CABLE ITEMS.
The Spanish Cortes has begun the discussion Of the
proposed press law. Its passage is believed certain
new press law is passed almost every session. The
waters Of the Seine have fifty centimeres since
Thursday, and continue to rise. Inundations are
feared.
man named johnson, accused of forgery on
bank in Missouri, has been apprehended near Dunn
fries. Scotland, and sent to London for extradtion
The hop growers and others interested in the hop
trade will hold meeting at Maidstone. England. on
November 49, to consider whether the depressed state
Of the hop and other trades is not the result Of the
free trade system.
Times despatch from Berlin states that l02 So
cieties % newspapers and Ss books have been pro-
hibited since the PRONUNCIATION of the antisocinst
law.
The Times in it's financial article, states that the
German government sold f10OOOO worth of silver on
Friday at 5O1sd. per ounce