The New York Herald Newspaper, December 31, 1857, Page 1

WHOLE NO. 7791. MORNING EDITION—THURSDAY, DECEMBER 31, 1857. ; ARRIVAL OF THE ARAGO. FOUR DAYS LATER FROM EUROPE. | PROGRESS OF THE FINANCIAL REVULSION. Nee anal More Weavy Faitures in England and the North of Europe. Commercial Convention Between the United States and Japan. Gencral Havelock’s Reportef the Reliet of Lucknow. MO} PMENTS OF THE FINANCIERS GF PARIS DECLINE IN COTTON. ‘SLIGHT ADVANCE IN FLOUR. ComsOLS 91 12 a 9I 58, de, &e., hee ‘The steamship Arago, Captain Lines, which left South- ampton on the 16th instant, arrived at this port at balf- past six o'clock last evening. She experienced strong westerly gales and a boisterous passage. ‘The Arago had 67 passengers, the usual mails, $15,000 in specie @M@#hd 250 tons merchandise. ‘The news by the Arago is four days later than that Drought by the Europa, and is important in a commercial and financial point of view. Some very heavy failures had been announced in Lon- don. The commercial crisis had become more aggravated at Smyrna, and was increased by the full in the prices of almost all kinds of commodities. Trade in the manufacturing districts of ‘England was generally bad. fs At Leeds, on the 15th Instant, the cloth marke's were very inanimate, there being few purchases made. Two Jocal failures were announced, viz.,the firm of Saalfeld Brothers, of Leeds, London and Hamburg, in the woollen trade, liabilities about £200,000, and 8. C. Lister & Co., of Halifax, worsted spinners. The woollen market at Hud- derstiekd was very quiet and prices a shade lower, both for goods and wool. John Edward Stephens, of the late London aud Eastern Bank, had failed to appear before the Bankruptey Court, ‘at Rdinburg, after several days’ examination, apd a war- rapt wa’ issued for his apprebension. ‘The British Parliament adjourned on the 32th instant wotil the 4th of February next, the royal assent having Deen previously given to the Bank Lasues Indemnity bill. Lord Panmure read a letier from Sir Colin Campbell in ‘the English House of Lords on the day of prorogation, in which he effectually disproved the repor| that he had een on jl] terms with Lord Canning at Calcutta, Mr. Milner Gibson was elected member for Ashton by a large majority over his opponent. Detailed accounts had been received from India, but they do nothing more than fill up the outlines previously received by telegraph, and give no fresh news. The Shah of Persia had ordered Ferukh Khan to leave Paris in January and travel for two months in other coun tries of Europe. No further progress had been made in the launch pf the Great Eastern steamship. ‘The Danish Council of State had authorized the Minister, Herr Krieger, to bring ina bill for the loan of £300,000 Sterling, at ® percent, vecured om the finances Of the whole kingdom. Advices from Constantinople, received at Vienna, an. nounce that Lord Stratford de Redcliffe had quitted the Turkish Capital, on board the Lloyd's steamer, which had sailed for Trieste. Twenty-seven nuns of the Order of St. Vincent de Paul ‘were about to leave Paris for China. Te pursuance of an arrangement with the Porte, the French government bas appointed a French Consul a! Toraila, in Wallachia, on the Danube. Tt was said that the King of Portugal’s marriage wil take place in April next. Henry Smith Bright, formerly a large corn merchant at Full, had been sentenced to ten years’ penal servitude for forgery. ‘The Belgian elections had resulted in a large ministerial majority in favor of the liberal policy. There were 108 members to be clected; of these, 70 of the new deputies belong to the liberal side, and only 3$ to the opposition. It was rumored at Vienna that news had been received from Conetantinople to the effect that the Porte, acting with the consent of the Powers which signed the treaty of Paris, had iseved a firman for the dissolution of the Di- vans in the Danubian Principaiities, but the statement re- quired confirmation. A despatch from Turin of the 14th inst. says:—The open- ing of the session has just taken place. The King was re- ceived with enthusiasm by the Parliament and by the people, who came in crowds to meet him. An engineer of the Austrian navy had arrived in Paris to superintend the construction of four ecrew ships-of-war for the stations of Trieete, Venice and Pola. It was said that he intended visiting previously the dockyards of France aad England Besides the French ship Gironde, already mentioned as being fitted out at Toulon for China, the corvette Laplace ‘amd the gunboat Alanne are likewise commanded for the game rervice. A letter from Jerusalem of the 20th ult., states that great agitation prevailed in that city and the neighbor. hood. A conflict had taken place between the inhabitants of Bethlehem and those of Tamar, !n which one man was and several wounded. Caravans of pilgrims were Doginning to arrive in the country. Jerusalem is crowded with pilgrims of a new character. A great partof the crew of the American frigate Congress bad arrived there to vieit the Holy Places, together with a great number of the crews of the three Russian ships of-war anchored at Jaffa. ‘The Mofussitite, of India, gives from a ‘forthcoming government Gasette,”’ wo be ed at Agra, the following description of Nana Sahib: — The Nana is forty two years of age, hair black, com- plexion light wheat « , large eyes, and fat round face. The is wundersioo! now to wear a beard: height about 5 fect 8 inches. He wears his hair ery short, (or, at least, did so,) leaving only as much as cap could cover; be is full in person and of power. ful frame; he has not the Mahratta hooked nose, with road nostrils, but a straight, well shaped one. He'has a wervant with a cut ear, who never leaves his side. ‘The death of Colonel Thomas Sidney Powell, C. B., who recently sveceeded Major General Sir Henry Havelock, K. C. B., in the command of the Fifty.third regiment, is confirmed as having taken place in an action with a boly of the Pinapore mutineers near Futtehpore ‘The Niagara, from Boston, arrived at Liverpool on the 14th thet THE FINANCIAL PRESSURE IN EUROPE. THE LONDON MONEY MARKET, {From the London Times (City Article), Deo. 12.) Megers. Heine, Semon & Co., whose failure for £700,000 ‘was announced youterday, have to day received some re mittancee which, had tl ~f arrived earlier, might, it is said, possibly have averted the neceasity for euspension Wi regard to Messrs, Montoya, Sacnz & Co., whose stoppage also occurred yesterday, the statement ‘ie con- firmed that the anny td thie country axe very small, the house in London ig merely a branch of their large ‘establishment at Bogota, New Granad inents have been made to meet ultimately every liability. ‘The firm in Bogota contracted the original Cx'ombian loan, ‘and has existed since 1825. ye mereantile operations both fn that country and Jondon were very considerable until 1851, when the failufe of their brokers, &. Racker & Sone, involved them in losses which nally amounted to nearly £400,000. Since that ovent it has been considered the most honorable course to liquidate gradually and avoid all further risks, the house possessing estates and where arrange Properties eyMicient, if realived with care, to pay every ‘one in fall, ‘The house was considered the firm in New Grafiada, and could have obtained assistance, but they preferred the safer course, and theit creditors have entirely approved their proceedings. . The bills now about to be returned from London to New Granada will be pro: vided for there under the goneral arrangements for the mass of linbilities, and coaktence is expressed that not a fingle creditor will sustain lose Jn the case of Messer. Weinholt, Wehner & Co., another of the houses aration Yesterday for £360,000, it is affirmed that, although owng to the continental failures the value Of the assets cannot be accurately estimated, they were recently ample, and may still yield « satisfacto- ry Setarn. Letters from Marsettios mention the failure of Rall! & Apaleyra, in tbe ovrn trade, for £280,000, ‘ithin the last few days the faiture has occurred of Messrs. H. & M. Toldorph & Co,, Swedish merchants in or aa Dut the amount of their Jiabilities has not trans ired. M4 Hamburg advices contradict the failure recently report- ed of M. Gebruder Kalkmann. The house have nottied their readigess to pay @l! acceptances in advance up to the 16th inst. In relation to the stoppage of Messrs. rr, Pietroni & Co., whidh teok place last month, the following has been received from the Transatlantic Steam Company, with whom the firm seem to bave a disputed account— each party, as is usual in euch cases, bemg positive that the other ‘altogether ih the wroug:— Lonpon, Dec 12, 1857 Sim—In your publication of the Mth of November yen serted a cirewer of Messrs. Draper, Pietroni & Cp., anno ing their suepension. The Mrectors of the sata fteam Navigation Company of Genoa feel called upon to de clare tha’ whet is stated by Messrs. Draper, Pietroni & Co. as revards their connection whh the company, is gronndiess; and further, that this connection cannot possibly have caused the suspension of that firm, ‘A. DANERI, Attorney for the Transatlantic Company, Genoa. In the Zimes of yesterday the failure was announced of an old worn out concern, called the Worcester Bank, 0 Farley. Lavender & Oo. It bad a small circuiation of notes, adi of which purport to be convertible at par. The hold- ers, however, find the doors of the establishment closed, and are in much disquietude of mind. It would be agreat charity to ‘avian an by ample, complete and irrefu- table evidence that their property has not become depre ciated. Perhaps the only way to do so would be by buy ing the notes of them at the rate of 20s. on the pound. Wil Me, Disrealt, or aay of the profocaors Of ‘the school he has joined, seize the opportunity to give a tangible il lustration of the sincerity of their convictions? The City of Glasgow Bank have obtained the full assis- tanoe necessary to enable them to re-open, and will there fore not bave to apply to the Bank of England. The West- ern Bank have formally notilied that they cannot resume business. The liquidators of the Liverpool Borough Bank have made a call of £5 per share. ‘The railway market was rather depressed in the early part of the day, but recovered towards the close. Ame- rican securities were little dealt in, and show no signs of recovery from the present depression. In Canada government bonds the late advance was fully main [From the London Times (City Article), Dec. 14.] ‘The English fimds opened this morning at an improve- ment of an eighth upon the prices of Saturday, but the market was without animation, and a decline took place of about three-eighths per cent, from which there was only & partial recovery. Consols were first quoted 91% a 917%q ex dividend, and they gradually went to 9134 a 91%, which was the last official quotation. After regular hours some bargains were effected at 913¢.a@1%. The na tion of trade in the provinces is necegsitating withdrawals from the savings banks, and some of the sales which de- pressed the market to day were on that account. At the same time, purchases on the part of the public have been checked by the recent advance, which bas also tempted the speculators to realize, Under the circumstances, therefore, a slight reaction is easily explained. On the other hand, no permanent fall can be looked for in the face of the gold arrivals now taking place, and which are likely to continue. The fina! quotations of the French three per cents, on the Paris Bourse, this evening, were 66f. 50c. for money, and 66f. 70c. for the end of the month, showing no altera- tion. About £380,000 of gold, principally Australian, has been sold to the bank to-day. "The Niagara, from Boston, has — £160,000, and the Tagus, from the Peningula, ‘The suspension has been announced of Messra. Rew, Prescott & Co., the chief and most respectable house in Lmdon connected with the Swedish trade. Their liabili ties, which have récently been much reduced, are esti- * mated at about £150,000, of which £80,000 are on accep- tances. A large number of the bills rémitted to them b: their corr dents have been on firms here whicl lately failed, and during the last week or two there bas even _been @ total cessation of remittances in any shape. The prospects of liquidation are believed to be satisfactory, but they will, of course, greatly depend on the sums to be collected ‘from suspen ted paper. Mr Prescott was no longer in the firm, althoug! name was continued in it. He died about two years back, after having some time previously been Governor of the Bank of England, The acceptances haye been returned of Messrs. Richard Willey and Co, extensive silk mercers. The bills have also been returned of Messrs. 8. C. Lis- ter & Co., large woollen merchants, at Halifax. The amount of their liabilities is mabewec 16 ba very heavy; but some expectations seem to be tained that ‘au arrangement of their difficulties may be found practica- ble firm are said to possess valuable property in royalties from patents, &. There is a similar house at Bradford; but this does not appear to be compromised. It is said hopes are entertained that Messrs. Heine, Se. mon & Co., who stopped on Friday for £700,000, may ‘find it practicable to resume. A meeting of creditors ef Messrs. Hoare, Buxton & Co., whose suspension was annonnced on the 17th ult., was heid this afternoon, The liabilities on underwriting ac- count are estimated at about £5,000—an amount which may be exceeded in cage of any tnfortunate loss; and on the other side of the account the private, property of the ners must be added, worth about £25,000. The divi- dend will depend apon the | realized from the doubt- fl debtors, calculated at £56,137, and the item immediate- ly following, £19,258, Upon these two sums may result a surplus or a deficiency of £20,000 from their estimated value. It is believed that in any case the tota a will reach £119,000, which will give a dividend 0 about 9s. in the pound. Mr. Coleman stated that on the day of suspension the accounts showed a surplus of £54,000; that in his opinion then the stoppage should not have taken place; and that he had endeavored to carry out an arrangement for the assistance of the firm. Large remittances were promised from Sweden, but in the inte- rim Carr, Josling & Co. failed, and it was the impression ef (our eminent mercantile men who were consulted that it was necessary the latter house shonld also be reinstated. Tuis recommendation proved impracticable. The failure bas arisen wholly from the commercial misfortunes of ‘the last month in Sweden; there have been no irregu lar transactions, ver any excess in the partners’ draw. ings. If the whole or greater part of the debts due to the Orm were paid, the creditors would get 20s, in the pound, The business connections of the firm were considered to be of the highest respectabilit: Tt wae further stated that by the end of February sui mnt will be realized to pay 3a. 4d. in the pound, provided the liabilities do not exceed the present estimate, and that if the whole of the assets can be defined at that period Messrs. Hoare, Bux- ton & Co. will be prepared to give their notes of hand at fixed dates. In the meantime the firm are not in a posi- tion to make any proposal. It was finally resolved to wind up the estate imder inspection, and a committee of creditors war appointed. In the recent instance of murder and suicide at Croy- don by se = the service he Bank LA a appears the young man Previously sustai losses from speculations, which had been carried on for him by « broker in the Stock Exchange. ‘The wearcity and high price of silver have checked to a considerable extent the shipments to the East, notwith. standing the unfavorable alteration in the exchanges. It is doubtful if the Rast India Company will be able to ob- tain a sufficient supply to export their final quarter of » million by the packet of the 20th. From the Yesterday regarding the losses which led to the necessity of liquidation on the part of Messrs. Montoya, Ssenz & Co., some persons have inferred that the house «uffered yery heavily from the stoppage of their brokers, Mesers. 8. Rucker & Sons, but their losses on that occasion were comparatively #1 L The annexed relates to the affairs of Messrs. Draper, Pietroni & Co..— Sin—Refe: of this day of 23 Tnnocwonton Seaver, Deo, 14, 1857. to the letter in the city article of the Times Ir. Daneri, as at of the Transatiantic Company of Genoa, and unwilling to ocen ‘¢0- Tuntue Controversy. I beg to state, ou behall of Mesars. Draper, £Co., that the statement of thelr a! h wil! be submirted to a meeting of their ci for the 224 tnet.. will Te th eatablish whet re marks in their cireular of the th of November, referred to in Mr. Daneri's letter, were unfounded or not. HENRY RK. AIL Solicitor ir Mesars. Draper, Pietront [From the London Times (City Article) Dec. The quotation of gold at Paris is about 3 Bereta Pre. mium, and the short exchange on London is 25.5 r £1 sterling. On —— these rates with the English mint price of £3 17+. 10i¢4. per ounce for standard gold, it ap- it 2-10ths per cent dearer in Lon- pears that gold is al don than in Paris. At Hamburg, owing to the commercial derangements, no foreign exch quotations have been published. ‘The quotation of the —— w York on London for bills at 60 days’ sight is al 109 per cent for first class paper. At the present rate of discount here there is consequently no profit on the transmission of gold from this country to the United States. The English funds bave been dull throughout the day Console, which after regular hours yesterday left off ai 914; a9) 5, opened at 3 a 9154, and remained without the slightest alteration to the officlal close. Subsequently oe was a better tendency, and transactions took place at ony. 5 Jn the Stock Exchange loans on government securities were obtainable at 5 per cent for short periods, and at 6% 7 per cent till the divedende. At the bank there is «till an active demand, but in the open market the choicest billy can be negotiated at 9% a 9%¢ per cent. The foreign stock market bas been buoyant. In the foreign exchanges this afternoon the rates on Paris wore lower than last post; Hamburg was nominally about the same, but little business was transacted, Prime bills on Amsterdam were in demand at a frac.ion below previous quotations. The final prices of the French Three per Cents on the Paris Bourse this evening were 66f. 400. for money, and pag for the end of the month, showing a fractional jecline. About £210,000 of gold was taken to the bank to-day. £110,000 was Australian, and a great part of the remain der Rasen. The letters from Paris state t Stock of bullion in the Rank of France continues rease, and Mat all mercantile houses are still restric their coments a8 much as possible. At Lyons the branch of the Bank of France is making advances upon silk at about 50 or 60 per cent of the market price The letters from Hamburg of the 19th inst. are far from describing any general return of confidence. Additional faihires were still expected. The total up to the present time is,about 140, and the disclosures conseqnent upon them, ft is said, “have exposed a system of bill accom. modation to an extent that must sadly lower Hamborg in the eyes of the commercial world.”’ ‘The liabilities of Mesars. Willey & Co., silk mercers, whose bills were mentioned as having been returned yes. terday,, are about £50,000, ‘On the 10th wit. the suspension was notifiel at Liver. poo! of Messrs, B. F, Baboouk & Co., with bouges aleg at Giasgow snd New York. It was ten mentioned that they bad been brought down by the absence of remittances: from America; afew months viously they were in possession of a clear capital of £160,000, and that they were contident of their ability not only to pay every one in full, but to secure a considerable gurplus. To-day the following gratifying circular has been issued, announe ng their resumption of business :— rvenvoor, Deo, 18, 1857. Ly Referring to our circular of the Lith ult,, iCaffords us much ‘ratification now to announce to you our resumption of pay ment, Our overdue ace} Will be paid on presentation at our bankers, with interest. We beg to thanx one creditors for their forbearance in not pt their clal and to express our regret at the inconvenience ow occasioned thei > B. F. BABCOCK & CO., Liverpool. J.P. JAMIRSON & CO., Glasgow. Amecting of creditors of Messrs. Mendes Da Costa & Co., West India merchants, whose suspension was an nounced on the 2d inst., was held this afternoon, when the following statement was submuitted:—The probable dividend, it was stated, will be about 8. 91. in the pound. At the date of suspension the accounts showed a nominal balance in favor of the firm of £73,000, less £15,000 to be written off for bad debts, and £9,000 part ners’ drawings during a period of cight years. The amount due from the bouse at St. Thomas is £112,311, and it is estimated that, after providing £42,000 for bills that will go back upon them and diminish the liabilities on this estate to a corresponding amount, and £20,000 for other charges, that house wil) able to Fay about £30,000 out of the balance remaining of £50,000. ‘he stoppage has been caused by the late heavy commer- cial disasters. In answer to questions Mr. Coleman stated that the bad debtors consist houses, and that the 00d debts are generally covered by produce, &. It was finally resolved to wind up the estate under inspection, aad a committee of three creditors was appointed accord. ingly. Positive statemen's have been circulated to-day of the embarrassment of firms Yin Yorkshire largely connected with the wool trade, which, if confirmed, will be likely to lead to numerous difficulties among smaller houses. The railway market was slighty depressed at the open- ing, but afterwards inproved, and left off at the highest point of the day. Awerican securities were dull, and without alteration. [From the Londen News (City Article), Dec. 16. The Bank of England today purchased £200,000 in newly imported gold, making an ascertained total of nearly ‘one million since the date of their last return. In the dis- count market first class bills are still readily negotiated ata sensible reduction from the bank rate; and at the nk itself the demand,though to a fair extent, is not heavy. All these considerations point to an impending reduction in the rate of discount at the bank, but consider. me vege era) position of affairs it does not necessarily follow such a step must be adopted this week. [From the London Times (City Article), Dec. 16.) AMERICAN SECURITIES. Business Reilways. CW ing Prices.| Done. Money. ouevon Aes Hscaicsaeil Illinois 6 per cent, 1875. iat Do. 7 per cent, 1875... ait |16 New York and Erie 3d mortgage 7 per cent, 1883...<.-...-...+.] 87870 |70 Do. (sinking fund) do., i876 40 50 Do. $100 shares.......... Malt Pennsylvania Cen. bonds ist mige con. 6 percent... ......+ Slaks 81g ‘ Do. 24'mtge steri'g 6 por cent..| 82084 | THE MONEY CRISIS AND OVERSPECULATION IN ENGLAND. [From the London Times, Dec.,14.} * * * * * P In the judgment of both houses of Parliament, the emergency was so great, the circumstances of the time so critical, that had net power been lodged somewhere to relax the stern but inevitable law by which the issues of the Bank of England are governed, almost univers«! 6.11 must have followed in the commercial world. We are v0 here about to enter again into the general argument is sufficient for our present purpose to «tate that | wer of relaxation under certain circumstance: is lodged in the hands of the Executive governin’ nt, but when they use so formidable a weapon they m: pre pared to make outa very clear case ip justifi ation of their conduct. This they have now done to the satis faction of the Legislature, and therefore as a tempo- rary question there js now an end of the matter.» The die cussion upon the more abstruse theories by which a na tion should be guided in the ogee its currency will now be left, as heretofore, to the more appropriate arena of a committee room. If the currency doctors can devise any plan by which our financial condition can be improved without prejudice to the interests of the creditor —if they can endow us with untold wealth without tampering wit! the sanctity of contracts, we shall not be the last to ex prees to our gaiete for their patriotic exer. tions, As far as further inquiry into the subject is concerned, however, we may well be pardon ed for doubting, in common with many gentlemen who have taken part in the recent discussion, if it should not be of a more nature than any which can be conducted before a committee charged merely with the duty of investigating the laws which govern the currency. e commercial failures which have taken place, not only in this country but in the United States and ‘on the continent of Europe, have disclosed so melancholy a history of the unsound and speculative nature of mer cantile transactions at the present day, that the remedy against the recurrence of such calamities would seem rather to lie with the merchants themselves than with the Legisluture. We have uo faith m any enactment that professes to provide for the stability of firms which trade to the tune of a million sterling withont any capital at all. Much distress, we fear, will occur throughout the coun try, especially, of course, in the manufacturing districts, as @ consequence of the recent commercial difficulties, and of the actual s ion of trade. The matter was ai- luded to in the speech from the throne, but it would be idle to suppose that Parliament can afford relief by any legislative enactment to the distress which we all deplore. In a few weeks, as we trust, trade will revive, and then in renewed employment the operatives of the manvufa turing districts will find the best eet off against the tempo- rary evils, which they must for the while mala up their minds to bear with fortitude and resignation. FINANCIAL AFFAIRS IN FRANC (Paris (Dec. 14) correspondence of the London News. | ‘There are rumors of grand financial schemes as being in contemplation among the princes of finance. It is said that M. Pereire is negotiating a fusion of thy Credit Mobi lier, the Credit Foneter, the Comptoir d Excomp'e, and an important though less known establishment than the three Soreyoing—the Caisse St. Paul. MM. Rothschild, Bartho- jony, and others—who are called the syndics of the bankerse-have on foot a rivial scheme, according to which the Comptoir d’ Escompte would be reorganized and started Yorn with the cnormeus capital of two hundred millions rancs. ‘Tn consequence of the serious mistakes which sometimes occur in the telegraphic reports of the price of consols. the government bas, 1 am assured, resolved that in future these despatches shall not be delivered out unless they are rent in words, and not in figures. The Bourse has been quiet and without any remarkable feature, The rente left off.at yesterday's prices, 66f. 50¢. and 66f. 70c. Mobilier fell Sf. It was announced that the Northern Company would pay interest both on ite old and new shares and obligations on Jan’ 2. The shares on this line rose 12f. 50c., Western rose 10f. and Hastern 5f. Lyons fel! 6f. 26c., Southern 3f. 75. and,Orleans 2f. 50c. sffare (Dee, 14) « of London Times’) Paris end the department, although ‘00 falures of aay 8, no failures of any note have been announced. The commercial bills due up to the present date have, generally speaking, been paid reguiarly, but there is little doubt that sacrifices are made in order to meet these engagements. Great com. mercial enterprise is not the characteristic of the French, and, how tranquil soever the country may be under the absolute hand of ite ruler, the events of 1848 and the eud- den overthrow of government amid general prosperit, have introdued & routine of caution from which it is difficult » Lh Scocanen he terete pore id es money; and wi manage make it as short as possible. For these reasosts it is pro- bable that the commercial of financial crisis will not be severely felt as compared with other ‘of more ventu = or less one habits, yi ag > = less ser) ously, affected by political changes. For the present, mavulacturing is in general suxpended, and commercial Jas ae im A great measure paralyzed. The reduction one percent in the rate of discount by the Bank of France not yet been followed by all the beneficial resulta that were anticipated on the Stock Exchange. The monthly account of the bank, as published in the Moni teur of Friday, is regarded as favorable by commercial men, as it shows an increase of 46,000,000F. in its stock of bullion as compared with the preceding month, but, on the other hand, the decrease of 57 ,000,000f. in the arnount of commerci paper discounted in Paris, and of 40,000 ,000f. in the departments, clearly indicates the fall ing off ip commercial operations. .¢ Paris flour market on Saturday last was heavy, and sorious deductions bad to be made in order to effect sales, The factors declared 2,077 sacks, of which 141 were deli- vered at prices varying from 46f. to 2f, the sack of 167 Kilogrammes, according to quality. There was no busi- b Jone in flour of the four marks, and the price of this quality remains nominally at Saf, the eack 0 reserve in the market stores has jncreased to 7,028 quintals. From the examination of various returns it may be in- ferred that wheat bas reache’ its lowest Ogure; it now remains stationary. Advices from the cattle markets in the riment are, in one sense, favorable; the markets are abundant supplied with sheep and oxen, ‘and the quotations ‘ower than they were at the corresponding period year; but the prices obtained at the late fairs af Nantes and Rennes did not satisfy the sellers. The fair of Lous le-Saulnier om the 5th was favored by the finest wea. ther, and the demand for prime cattly was more brisk. Since then the fair of St. Nicholas «| Evreux bas been more satirfactory to the graziers of Nortaendy The Paris su market is calm, at 1200, the 100 kilo- | grammes for good beetroot There was but litte business done at the Bercy wine market last week. The only remand is for the new vint tage of Burgundy and the Cher, Montpellier brandy noted at 96f. to 105f. the hectolitre, according to the age; Saintonge, 100f. to 106f., and Armag nac, 100f, to 165¢. New Cognac brandy bas appear ed for sale at Bercy, and is quoted at from 290%. to 250f. the hectolitre, and Old Cognac at from 300f. to 3607. Ad vices from Marseilles of the 12th inst. announce a fall in the corn market there, particularly for hard wheat from Africa. The silk market was doll, There were only 30 bales sold during the week, at prices varying from aff, to 64f- Sevoral of the French railway companies are carry- ing on their works with increased activity. [Paris (Dec. 14) correspondence of the London Shipping Gazette. | steamer fromthe Levant brought four millions of francs in co to that fsty accounts: St. Eienne inform us that, notwith- standing soune loases by American and Engiish failures, no ged oe wilh bo ~ and that orders were coming iM that gaye increased t. At Lyons there is. gome of establisbing a warehouse for ibe lena on which advances are to be inale under the ‘ity of the Chamber of Commerce. THE MONETARY CRISIS IN THE NORTH OF EUROPE. Advices from Hamburg of the 12th instant announce that the Asembly of Citizens had adonted the proposal of the Senate not to the et tn, ng pectslary Ai to some greek houses of tt point Of i" to some uses OD f “ |, Which stoppage would be a heavy blow |. A Commission of Cont a . On the other to the Discount bas been iprmed to distribute the hand, the Preasury is authorized to | Bank the gurplus over what it requiree, not excecaing 5,060,000, "A propodttion has been made to the Swedish Chambers to contracta loan of $10,000,000 to support commerce. Norway das contracted a loan of $2,000,000 for the sane puryewe. ‘A private letter from Hamburg, of the 10¢h inst., saye:— The tinancial condition of our town, far from having im proved since the 4th, has, on the contrary, grown worse— 80 much so that this day six or eight firms of high stand ing have been compelled to stop payment, Other failures are expected, and the reaction will be felt in all the com- mercial cit«« of Furope. The consternation is so great that the savings banks are crowded with persons anxions to draw out even the smallest deposits. Toe authorities have found it necessary to have recourse to the military wo pee order. ‘A telegraphis despatch from Stockholm, dated the 10th ingt., says : ‘With & view to meet the crisis the following measures have been propeseddo the Diet :-— A State loan of 10 millions. Employment of the disposable portion of the loan for railways to the amount of 10 millions. Permission for the banks to issue notes bearing interest. ‘A delay of three months to be granted to tue debtors of the National Rank . Modification of the Bankruptey law. Five additional houses bave suspended paymont at Stockholm. A great number of workmen have been dis charged in the wood yards and saw mills. [Vienna (Dec. 11) correspondence of the London Times. } The Vienna public is delighted that the Austrian Bank has been authorized by the Finance Department to lend a helping hand to the distressed citizens of Hamburg, and the holders of bank shares are well pleased to yet six per cent on a capital which, under common cireumstances, would have remained totally inactive untiltbe resump tion of cash payments in January, 1869. The sum lent by the Austrian Bank to the free city of Hamburg is 10,000,000 of marks banco (about £600,000). Silver, in’ bars, of the above mentioned value will imme diately be forwarded to Hamburg, and the loan is to be repaid in the same metal ‘within’ a year.” It is, how ever, said in the contract, that the republic on the Elbe can, if it pleases, discharge js debt at the expiration of sixmonths. The Vienna fmance world is vain-glorious because Austria has done what Prnssia aiher could not or would not do, but the foreign world i not likely ty lpse sight of the fact that the position of the banks of the two countries is very different. The Berlin establishment is obliged, on demand, to give hard cash for its notes, but the paper of the Vienna bank is at a forced course, aud consequently it makes no difference whether its metallic reserve is a little larger or a little smaller, It isrumored in Vienna and Trieste that the Austrian Lloyd establish ‘ment will s00n become State property. Shouls! the steam- ers running between Alexandria aud Trieste and Con stantinople and Trieste cease to be'ong to a private com- aby, Would it pot be necessary to bave British agents on ard the vessels to are of the mail baze?. amburg 1)) correspondence of London Times. | ollowiny particulars are mentioned in the Copen bagen reports up to the 9th iust., which baye come to hand bere: On the receipt of a telegraph from Hamburg this morn ing, drawn up and signed by State Councillor Westentolz, Mr. Levy, agent of the Mint, and Mr. Tietgens, a director of the Copenhagen private bank, in which it was stated that the firm of H. Pontoppidan & Co. would be enabled, with the belp of 1,000,000 marks banco (75,006) w re suiae its payments, the National Bank, in conjunction with the Departrnent of Finance, have agreed to t this amount of mouey, as they clearly perceived the great and significant importance, in furtherance of the interest of the Danixb trade, of hog emp J the firm. The ik will therefore advance one-third and the Finance administra tion two-thirds of the million required for the pu 5 but the latter demanded the guarantee of the mercantile community, in salidum, for the repayment of the hal: of their advance, For ‘this purpose subscriptions were ‘opened immediately on ‘Change, an’ within half an hour the amount of 540,000 marks banco were subscribed, Several of the most influential merchants next joined in the expression of their opinion that, notwithstanding they were highly delighted aid rendered to so highly in- (iuential and respectable a firm, it should, however, not be forgotten that in Harb as well as ip their own city, there existed a great « in the great est difficulties, and if im were not ren dered to them, also a xpee upteies would be put to agreat portion of the firms in quest Danieh comm enterprise suffer the gre jury. It was consequently resolved to hold a meeting on the following morning, on the Exchange, to consult whe ther it would not be better to grant a port amount subscribed for as the guarantee for the Minister—that ix above the 430,000 1 half of the two-thirds, the ¥u mark+—to other purposes of ald, a sume for the «ame purpose A despatch. of which the following re this morning, giving the J to in the foregoing alt of to-day’® meeting on the Exchange was to the effect that the association of the first merchants should speedily entreat the government to grant the further 1 to subscribe further lation, ap esult of the meet Some anxiety i# felt at Marseilles jest the failure of the two Greek houses shenld leal toacrisis in the Lev which would se ac prejudiciaily on Mareeiiles. sum of 4,000,000 rix thalers for the purpose of discounting ‘There was great commotion yesterday among a number of our first rate firms, aud Mr. Carl Heine has been con sulted, among others, relative to negotiations pending, and plans suggested in order to prop up the stil towering fabric of Hamburg’s commercial existence; but little or nothing bas transpired beyond interviews said to have taken place between some of the most influential mem bers of the firms in question and’ the Senatorial author! ties with respect to the urgent necessity that speedy and effectual aid should be given to prevent a further con- tinuation of failures, which, if they take place, will bring down with them a vast number more. It is reported that Messrs. Haring Brothers have offered to advance to a doven firms of this city a sum effectually to secure their safety against coming even, provided they agree to guarantee the repayment thereof individaa?- ly as well ag collectively, or in solidum, as the term is used. All this is, however, romor. The mail from the razilx is most anxionsly expected, and should evil tiding® come by it, another hard blow may fall upon the houses connected with that trade, and thus increase the diffeulties of the hour immensely Foor o'Ctock P.M. 1 have just learned that the Burgerechaft will assemble to-morrow, by order of the Senate, to consider proposals for raising « further sum of money to aid several first rato firms under the most pressing difficulties. Any sum pro posed and granted wilt be guaranteed by certain firms in solidum. The advices from Norway and Sweden announce va viens failures. The Ni jan government has advanced $1,000,000 400,000 marks have been already sent to ° I. Res the firm of M. Pontoppidan & Co., the sum of 1,000,000 marks banco has been forwarded to it from Copenhagen, but it is presumed that a larger sum will be ired. "The crisis i felt at St. Petersburg. ‘The Austrian government bas advanced a loan of 10,- 000,000 florins to the city of Hamburg, at 6 percent. The amount is to be paid ito the Hamburg treasury in silver. The loan is for 12 months, (Berlin (Dec. 14) Correspondence of London Shipping wette. The anxiety felt here in reference to Hamburg and Swe- den cannot be said to have abated. Reliable reports state that the amount of bills sent afloat from Hamburg is some thing incredible. Three houses alone, now in embarrass. ment, are said to have paper fo the amount of £4,000,000 falling due in this month and January. Despatch from Gen. Havelock at Lucknow. DRIGADIEN-GENERAL HAVELOCK TO THE CHIEF OF THE STAFF TO THE COMMANDER-IN CHIRP, RECEIVED BY TELEGRAPH FRO s ‘ Lecksow Rasrpevey, Sept. 30, 1867. Major General Sir James Vutfam having, with charac teristic generosity of feeling, declared that the command of the foree should remain’in my bands,-and that he would accompony it a Civil Commissioner only, until a junction vould be effected with the gallant and enduring garrison of this eed 1 have to request that you will in form his Excell a the Commander in chief, that thie purpose was effected on the evening of the 25th inst. But 1 must first refer to antecedent events. 1 crossed the Sye on the 22d inst., the bridge at Bunnee not having been broken, On the 23d 1 found myself in the presence o the enemy, who bad taken a strong position, his left post ed in the enclosure of the Alum Bagh, and his centee and right on low heights. ‘The head of my column at first suilored from the fire of hie guns, as it was compelled to pase along the Trunk road, between marasses; but as soon as iny regiment could bel deployed along his front, and his right enveloped by my left, victory decided for us, and we captured five guns, Sir J. Outram, with his accustomed gallantry, pressed our advance close down to the canal; but as theenemy fired with his artillery and with guns from the city, it ‘was not porsible to maintain this of a less advanced posi- tion for atime, but to become necessary to throw our right in the Alom Bagh; and restore our Jef, and even ‘we were incessantly canponaded throughout the twenty four hours, and the car 1,500 strong, swept rownd through lot " the sudden interruption upon out baggage massed in our rear (ric in origine) ‘The soldiers of the Sth Regiment, forming baggage guar’, received the charge with gallantry, and loet some rave officers and men, shooting down, however, 25 of the troopers, and putting thé whole body’ to fight. ‘They were finally driven of by two guns of Captain Olpherts’ battery. " The trqsps had been marobing three days, under a perfect deluge of rain, irregularly fed, and badly housed in villages. was thought necessary to piteh tente, aod permit them w balton the 24th. The assault on the city was deferred antil the 25th. On that morning our baggage and tents wore deposited in the Alum Ragh, under an escort, amd we advanced. The let Brigade, under Sir J Outram’s personal leading, drove the enemy from a suceession of gardens and walled enclowires, supported by the two brigades whicy 1 mpenied. Both brides wore estab ave lished on the cama}, at the bridge of the Char Bagh. Ftom this point the direct road to the Residency is a little less than two miles, but it was known to have been out by trenches and croesed by pallizades at short intervals, the houses also being all loop-holed. Progress in this direc: tion was ©) ,sothe united column pushed and de- ployed the narrow road which skirts the left bank of the ‘Its advance was not seriously interraptet until it eame opposite the King’s Palace, or Kissurah Bagh, where two and a body ot jeanne ‘angen were en trenched. From this entrenchment a fire of grape and musketry was poured, under which nothing could live. ‘The artillery and troops had to passa bridge partially under its influence, but were then shrouded by the build ings adjacent to the palace of Phureed Baksh. ‘Barknees was coming, and it was was proposed to balt within the court of this Mebal for the night; but [ esteem ‘ed it to be of such importance not to leave this beleayner ed garrison, knowing that succor was at baad, that | or dered the main body of the 78th Highlanders and the re- giment of Ferozepore to advance. This column rushed on with a desperate by Sir J. Outram and myself, Lieutenants Hudson and Havelock, of my ‘staif, and overcoming every obsucle, established it- self within the enclosure of the Residency The garrigon may be more easily conceived than described; but it was not until the next evening that the whole of my troop, guns, tambrils and sick and wounded , continually exposed to the attack of the enemy, could be brought step by step within this inclosure amd the adja. cent palace of Fhureed Buksb. To form @ notion of the obstacles overcame, a reference must be made to the events that are known (a hawe ocourret at Buenos Ayres and Sare our advanes wag through streets of flat-rooted and loop-holed horses each forming: a separate fortress. Jam filled with surprige at the sac cess of operations which demanded the efforts of ten thousand good troops, The advantage has cost us dearly. The killed, wounded and mivsing—the latter being wounded soldiers, who, I regret to say, have fallen into bands of a merciless foe--amount to 464 officers and z First brigade itenant Colonel Colone! Major ——, commanding Bazely, a volunteer with 1 Campbell, commanding Nin r, my Deputy Assistant rn tenant Ha’ ,» my Deputy Assistant but not dangerously, wound m received a flesh wound in the arm in the early part of the mn, near Char Bagh, but nothing | England to Sh would subdue his spirit; and, though faint’ from loss of biocd, he continued to the end of the operation to sit on his horse, which he only dismounted at the gate of the Residency. As he has now assumed the command, I leave to him the narrative of all events subsequent to the 25th inst. H. HAVELOCK, Brigadior General ‘The War in China. CHANGE IN THE ENGLISH POLICY—WHAT TRE MAN DARINS THINK—-THE FRENCH AMBASSADOR’S ARKI VAL. [Shanghae (Oct. 23) correspondence of London Times.) A change has come over the policy of the authorities in the South. The French Ambassador has arrived in the mouth of the Canton river. The projected Northern voy age is definitively abandoned. It is reported that the or der has gone forth that Canton shall be taken, and T must return to my post of observation. Thope to add a post seript to this letter with a Hong Kong date. When we have settled our differences with the Canto nese, the ern ports. The Chinege officials, or the “Mandarins,” as it is the custom to call them, are of opinion that our decisive in order to coerce the Court of Pekin, will be tocut of food to the capital. They reason, according to pene of action will be removed to these North Chinese logic, from the precedent of the last war; and, Tam inclined to adopt the same conclusion, aud the for once ue premises. m movable so long as we only killed, bui and destroyed in the provinces. Direetly we put a muzzle upon the mouths of the populace of Pekin the Court was at our feet; so it will be again. (Hong Kong (Oct. 30) correspondence of London Times After a rapid and most comfortable passage of four days Lam back “ho io Hong hong, just in time to keep you informed of the only matters baying the least importance which have occurred sin y doparture for the North. You will have heard las. mail by the news from Singa pore, that the Audacieuse and the French Plenipo had at last arrived. ‘The day after the departure of the mail In our previous experienc Baron Gros steamed into barber, and with polite or kindly haste immediately proceeded undccompanicd to the Ava, The meeting ofticial without even sending notice of his coming. of the two Pienipos had the cordiality of the ne ‘and unceremonions mecting of two private gentlens of whom had been accidentally kept waiting and th anxious to express by bis mamner and empressement that he regretted the delay, Next day the harbor resounded with salutes, and the two Ministers met at dinner at Gov: ernment House. The Audacieuse returned to her anchor- age off Lintin, and diplomatic communications bave since then been frequent, and, as iti sail most amicable. ‘Yhe gunboats are arriving daily, but Capt. Sherard Os orne, who has to keep his chickens together, is not yet come in. It is,necessary to tow these craft up against the north edst monsoon, but it is scarcely worth while eau merating the actual arrivals, for they will probably be all reported @ short distance off by the steamer which takes this letter. Tt is a pleasure to be able to congratnlate our Admiral ty. They may be honestly proud of the achievement of the Imperador. On the morning of the 28th that fine ship steamed into harbor in admirable time, after a par sage almost unrivalled of sixty-one days (at sea) from pore. She brings 500 marine brings them out in the firet rate condition. men in all were on the sick list. Yestertlay she pro ceeded up the Caston river to the Wantung, where bar racks have been provided, and where, it is to be hoped, he men will retain their present health and efficiency. We are now ineager expectation of the arrival of the sister, ¢ Iinperatrix, supposed to be about three days This mail will probably being you f her somethingis now about to be under biy waitthe arrival of the whole nd to fis. 3,000 redcoats are not ® too numerous army to bring to reason empire of 300,900,000 of people; but so soon as we have all we are to expect, we hope to be able to tell you that Canton is in our bi al supertiuous doctors and Com are off for India. Tt is understood that ( ham and staf, and Colonels We' by the next mail. General Straubenzee rotmins with us, and T hear but one « ent with respect to thie oftloer He has empressed all here with full confidence in him as a leader of energy and conduct. Interresting from Japan. A UNITED STATES CONVENTION WITH JAPAN—CONSUL GENERAL HARRIS AND OUR TRADE IN THE EAST. (From the Friend of China, Oct. SL | Uvrren Starrs Coxserare Geswrar, . Simona, Japan, July 6, 1867. y Sim—I bave the honor to transtnit for your information, acopy of «convention that I bave made with the Japan- eon It is proper that Iehould inform you that the relative value of gold and silver are quite different in Japan to what they are in other parts of the world. In the United States the relativ value of gold to silver is as 1 to 16, but in Japan itis as 1 to 3.1-7th, so that al- though the Japanese give the same weight of their gold coin a8 the foreign coin they receive, yet, owing to the dif ference of relative value, a loss ensues of more than 75 percent’on foreign gold, as compared with silver. To illustrate the operation of the third article of the con vention, | would state that where Americansjhaye hereto fore paid $100 in silver they will now pay $54 '; Very respectfully your obedient servant, TOWNSEND HARRIS. To James Kenway, Baq., United States Consul, Hong Kong For the purpose of further regulating the intercourse of American citizens within the empire of Japan, and after due deliberation, Townsend Harrie, Consn!. of the United States of America within the empire of Japan, and Inowouye, Prince of Sinano, and Nakamoera, Prince of Dewa, Governors of Simoda, all having fall powers from their Feepective governments, have agreed ob the follow ing articles, to wit — riat officers: 1 Ashburn- eral and Pakenham go Art. 1. The port of Nangasaki, in the principality of Hizen, shat! be open to American vessels, where they may repair damages, procure water, fuel, provisions and other necessary articles, even where they are obtainable Art. 2. It being Known that American ships coming to the ports of Simoda and Hakodade cannot have their ‘wants supplied by the Japanese, it is agreed that Ameri ‘ean oitizen® may permanently reside at Simoda and Hako: dade, and the government of the United States may ap- point a vice-consul to reside at Hakodade. This article to go into effect on the 4th day of July, 1858. Art. 3. In settlement of accounts the value of the money brought by the Americans shall be ascertained by weigh {ng it with Japanese coin (gold and silver iteebues)—that is, gold with gold, and silver with silver, or weights repre. senting Japanese coin may be used after such weights bave been carefully examined and found to be correct The value of the money of the Americans having been thos ascertained , the sum of six per cent shall be allowed to the Japanese for the expense of recoinage. Art. 4. Americans committing offences in Japsn shail be tried by the American Consul General or Consul, and shal! be punished according to American laws Japanese committing offerces against American’ shal be tried by the Japanese authorities and punished accord ing to Japanese laws Art. 5. American ships which may resort to the ports of Simoda, Hakodade, or Nangasaki, for the purpose of ob taining necessary supplies or to repair damages, ahall pay for them in es ‘or silver coin, and if they have no money goods shall be token in ate . Art. 6. The government of Japan admits the right of the Consul General of the United States to go beyond the limits of Seven Ri, but has asked bir to delay the nse o that right, except in cases of emergency, shipwreck, &c. to which be has assented Art. 7. Purchases for the Consul General or bis family may be made by himonly or by some member of his fa- ily, and payMent made to the seller for the same, with tthe inter Feution of any Japagese official, and for this purpose Japanese stiver and copper coin shall be supplied to the Consul G y Art 8 Ae u . onl General of the United States of Ameri s no knowledge of the Japanese | , nor the Governors of Simoda a knowledge of ‘the Pagiis® lan. guage, it is agreed that the true meaning shall be found tm the Dutch version of the articles. Art 9. All the foregoing articles to go into effect from the date hereof, except article 2, which shall go into effect on the date poe in it. * Done in quintaplicate (each copy being in Fngtieh, a , and Dutch), at As Goyosko of Simoda, op the 17th day of June, in the year of the Christian era, 1867, and of the of the United States of America the Sist, corresponding to the fourth year of Ausei, Mi, the fifth month, the day, the English version bem 4 signed by the Consul General of the United States of A\ rica, and the Japanese by the Governors of Simoda TOWNSEND HARRIS. PRICE TWO CENTS. rier the ‘Levon Times, Deg. 16, en More thalr'n weak has elapsed ginnd te thor waite were tnade to move this vessel, As cur readers may rem@em- ber, the efforts were discontinued in consequence of tho Launch. great difficulty experienced in obtaining any th! re cure holdfasts for the river moorings. Partly to ‘the immense strain, and partly because of the ny dense nature of the river bed, which prev chors penetrating more than @ foot or so in quite impossible to make any effective use of tl tackle, which at the present of the launch has be- come absolntely essential to its further pri Inorder, therefore. that a pi hold may be ol > series of large piles has been driven on the oj of the river—one on the wharf of Messrs. ‘a yard and the second a [ttle below high water merk. iween the bebop gt ferry and Deptford Sockyans, Each of these clumps of piling are almost similar in etreng;h and prrenginste to the piles which serve as a Basis for the hydraulic rams in yard itself, and like them, too, they have not been resorted to til the eleventh hour, and, in fact, ontil the failure of all other methods has literally forced their adoptign upon the enginoets. Both these were completed early yestereay morning, and the chains and anchors holding back the mooriugs by wh.ch the Leviathan is dragged with a double purchase towards the river were secured them. There seems not the least doubt uow but that these piles will hold the ao- chors fast enough, but it is by no means so clear that the launch will be by any moans expedited. Undr the pre- vious arrangement, in whieh ordinary anchors were ‘wed to hold the moorings, the chains were always breaking, even when the anchors themselves were yielding and coming in foot by foot. What chains Will stand now that the anchors are secure can not yield an inch? It waa expected that all the arrangements would be completed yesterday in time to make another effort to move the vessel early in the morning. Unfortunately it was impossible to complete details of the preparations tii! nearly dark yesterday, when a brief attempt was made, more, as jt was asserted, for the purpose of trying the taekle than with any seriou? Intention of commencing operations at so ate an uour Be this as it may, however, a tremendous pressure and strain were kept up upon both fore and aft cradins for about ton minutes without making the smallest impressi the inert monster, though the force applied ave i became so great as to drive the feed pipe out of one of the raulic rams, and snap a river mooring chain of 2), Inches. ‘These mishaps being aquivalent to about a days work, the pressure wis then taken off again, leaving the launching apparatus minus the services of the ram and chain. . Roth these, however, can easily be repaired and ready for work this day, when it is positively asserted that the launching will commence for the fourth and last ume. Loss of the Packet Ship Northumberland. [From the London News, Dec. 16.) The loss of this ship, and the marvellous preservation of her passengers and crew, was announced at Lioyd’s yesterday. She was on a voyage from New York to Lon- don, with 35 passengers and a valuable cargo of merchan dise—her crew, including officers, numbering She was a tine ship, upwards of 1,000 tons, of the fleet which load from the London Docks for New York. The Northumberland left New York on the 15th of November, and on the ist inst. and following days en countered # tremendous hurricane, which threw her over on her beam ends. By cutting away the masts ebe right ed a little, bit in spite of incessant pumping night and day, the men laboring up to their armpits in water, while the cargo was thrown overboard, she filled between decks, and small hope remained. Happily, on the morn- ing of the 4th the brig Jessie, of St. Joins, Newfound- land, Captain Pearson, came in sight, and with culty took off the crow and passengers, who thrown overboard attached to a rope, to'be hauled in by the longboat of the Jessie, since a neater approach would be instant destruction. The ship was then aban and the Jessie brought the rescued men and won Queenstown, where they were safely landed on Sunday last. Markets. Livenroos. Corton Maxker.—Saturday, Pec. 12.—The demand for cotton continues on very limited seale, and to-day’s sales do not exceed 2,000 bales, all in emall quan tities, to the trade. Prices nominal, ‘ Monday, Dec. 14.—The cotton market opened this mor: ing with an almost entire absence of business, and. the a barely reach 2,500 bales, to ue trade. Prices irre. gular. Tuesday, Dec, 15.—-The demand for cotton continves very limited, and today’s transactions barely reach 2,000 bales-—600 on speculation and for export. buyer's favor. Livenroor Cory Maxker.—Tuesday evening, Deo. 15— We have bad a much larger attendance of both millers and dealers this day than for some time past. and a good trade in the a articlos:—Wheat sold at 2d. per bushel and flour 6d. to Is. per sack higher. Indian corn rather lower, Oat mas, beans, meal and other things unchanged. Weathe Loxnon Conx Trapr, Dec. 14 —The extraordinary muld- ness of the past week has kept the whew, plant in steady growth; producing, indeed, some fears of its becoming winter-proud where very forward. But the increased strength given to the late sown pieces, the faciities af forded to tillage, and the reserve allowed to the stores of dry food for cattle, must greatly overbalance avy euch slight detriment. ‘Ae respects the wheat trade, there bas been quite a relapee to former dulness, with a further de Cline of fs. to 34. per yr., though the weekly sales show a great falling of as the consequence of unsatisfactory prices. Were it not that the extreme financial pressure in the Baltic provinces hard again abated the rising confidence of this country, we miht reasonably have looked for more activity. The soint, however, worthy of note, is the fact that Northern Europe, with sveh a pressure and eo mu discouragement in England, yields so slightly in the quota tions of grain. The ports in the Black Sea, the Azof, and the Danube, though heavily complaining, also keep so much above range that shipments thence prom.se the for- feiture pf freight on all cousigaments to this country. As, therefore, this kind of speculation must soon wear out— and as the advanced state of the season lewls to the con clusion that with an average temperature both the Baltic and America will soon be bound—it can scarcely be looked for that the present depression can jong obtain, although there may be little reaction Ull the opening of frees un the the new year. The failure of the patato crop cannot. be estimated while corn js low, and samples are forced eit to prevent th Ating. The pits as they open for use onty exhibit the yirulen the disease, with extensive Saye g The business in floating cargoes has been about ax follows'’—9 cargoes of wheat, 3 of Taganrog Ghirka, at 42¢., 42. 6d., and 468. O4.; 2 of Odessa Ghirka, at 46. 6d. and 468. 6d.:1 new Ka’afat, at 41s. 6d.: 1 Volish Odessa, at 36e.;2 of Egyptian, at 300. 6d. and “1s., for Behara and mixed: 6 cargoes of maize, at from 30s. Ud. to 328. 9d., and 4 of Kastern barley, at 178. to 228. per quarter. Many cargoes remain on sale, there being a downward tendency in prices. The sales ol wheat noted last week were 84,02) qre. at 488. Sd. against yy? qre. in wy The see irene were od on 3,282 qre. imports into the principal ports of « Britain for the week ending Dec. 2, in wheat and i, were 104,256 qre Loxpow, Terspay Evextxe, Dec. 15.—Sugar—Since the close of last week consiterable business has beea done in floating sugar, three cargoes of Havana, comprising toge- ther 8,500 boxes, have been taken for Bristol at 24a, a 2&. 6. for Now. 10), to 11, and two of brown Pernambuco, bags, at Zils. 6d., both for the Medi- terranean. On the spot sales culty, at auction to-day only a found buyers, vii % ‘tpcent’ Rar! ‘Bhs. Od. to $50. Granada, ‘4s. 6d. dates, y Jow pasty dumma, 20s: to 278. the q sold, including those at public sale, comprises "Conran 4 Tote fog yey Be aa: (628. 6d. to Sés, per cwt. 28 bales and 02 half bales - Andria Moeba wore held for 60s. and 668. per owt, Rice.—There were no traneactions to report. Cocmmmat.—Of 10 in public sale to-day about one half was dieposed of at fully previous rates. 66 bage of Mexican silver, low to good, 38. 44. to Ss. 6d. 18 of ditto black, ordinary to good, Se. Td. to 38. 110., and bags of Honduras silver, low to ordinary, 3s. Sd. to la. Sd. per Ib. 2 of ditto black at 4s. 1. per Ib. Tatsow.—The market bas been quiet at 52. (1. for the Gis. 6d. for ye, 0 04. for January to March, and Cty Intetigence. Remonep Deeaucation.—It was rumored yesterday in the City Hall that there was a heavy defaleation by one of the employés in one of the city departments. Rumor has the amount at various sums ranging between $50,000 and $200,000. ‘Tar Wearten—Hravy Ratvs.—The past year has been distinguished for its heavy rains and it seems inclined to keep up its character to the close. An immense quantity of rain has fallen in this city and vicinity during the last two days, and it was still stormy at a late hour last night. itis well it haa not been cold or we would bave the streeta filed with snow to begin the new year with. As itis, the streets have been cleaned and the city bettered in every respect by the rain, It ie well to commence the new year with clean streets, and it would be etill better if we ma. naged to keep them clean. We will see what our new city government will do. Itis to be hoped its members will give anexemplification of the proverb respecting new Tracers ix Tie Warn Scroois.—We are informed by the Clerk of the Board of Fducation that arrangements have been made by which the toachers in the ward schools will be paid today. The drafts will be ready for the principals entitled to receive the same, this morning at 11 o'clock, and it is recommended that they attend at the usual place of payment at 2 o'clock this afternoon, for the = paying the teachers upon their respective pay rol ASOTHER Mretive oF Covet Antes. —A sooand meeting of the city constables was held last evening at No. 73 First avenue. A committee was appointed to draw up a peti tion to be present: the Justis of the District courte, who were assemb! adjoining room. The petition was to the effect Justices use their power and in. fnenee to prevent any persons ba regularly lected constables to serve summonses, or any part of thoee duties jwhich belong exclusively to elected constables, The report of the committee was unanimously adopted ‘and submitted to the Justices forthwith, who assented to all that was desired by the constables, and expressed themaelvee satiafed that they bave taken measures to prevent others from infringiyg too much on their reghts .