The New York Herald Newspaper, May 12, 1859, Page 4

4 NEW YORK HERALD, THURSDAY, MAY LR, _ 1859, tion, in finding the means of enabling the moreiless struggle in furtherance of their ambitious hemes. Austria was lately io this market for ton mil- Feneryance wants twenty millions, and her newly found ns going for & loan of twelve millions ‘eroments, like needy men, will offer anything nly of their immediate wants, But we nod our captialists who may be inclined to dally with the tempting proposals which may shortly be sub- Initted to (dew, that the rate of iotdrest is always in the inverse ratio of the value of the soourity, As Austria wants movey, and a8 her principal stock 8 at more than 50 per cent discount, she will, of course, make a good bid for a joni Since the French and Rassina secarities a not much better, and on the rapidly dectining scale, it not likely that a'new Freach or Russian joan would i3 be Jooked at, except the immediate profits were markod at a high figure. We ueed hardiy say that whatever the offers may be which are made by distressed Powore about to, engage in a protracted war, thove offers ought not to bo entertained by men of sense and judgment. It is harcly possibile that tho do Vincennes are leaving to day and to morrow for Lyons, Th nd of two divisions of cavalry in tho Army xpetition will be given to Generals Partoumeax and de Montauban, ‘The whole garrison of Paris bas left; the Lnaperial Guard only remains. The service of the city and of whe staff is done to day by the Garde de Paris, and one | 80 short of men that horsemen have to do service at the Excuange, Panis, April 26, 1859. Threo divisions of the Freuch army, belongiug to tae corps darmée of Mursbal Canrobert have crossed Mount Cebix avd arrived at Sosa, but # few hours from Turin by railroad, General MeMation, comming directly fsom Al- giers, arrived yesterday evening at 11 o'¢ ook, at the port Of Gehoa. His Woops were ou board of the Kylau, tho Tmpetueucc and the Isly, (a line of battle ship aad two frigates.) The hero of the Crimean war has boon received with the greatestenthusiasm by the Genoese population, It ia reckoned that we Dave at the preseut Lour bet weoa, thirly-five aud forty thousand men iu Piedmons, aud that tho Dumber is ‘noreasing every day, aloost hour by hour, and tba’ before the end of the week the army will num: value of the seourities of the countries engaged can im prove fora long and indefinite period, and it is cortain they will be much worse beiore they are better. The whole system of foreign foans is one which, under the beet aspect of Continental affairs, we have newer approved We desire to see the resources of this country devot- ed to the extension of our trade and the developement of commerce—not locked up in foreign “securities,” as they are termed by courtesy. Englishmen may fad abund- antly profitable occupation for their capital in tho direction in which it bas been created, withou’ ministering to the crooked policy or cruel ambitien of the Continental despots. Zhe man. ner im which the lute Austrian ban war received here affords something like am — assurance that these war contribulims will mot be raised easily in this market, Aud the very proper course afopted by the Bank of England in raising the rate of discount wil! 29 doubt check the drain of gold to the Continent which woald otherw'se assuredly set in. ‘The shipownor will probably fiod bis nccount in this war, which will have the direct effect of keeping French, Austrian, Sardinian, and proba- bly Rusrian ships out of the market. Wo may expect to gee freights improve to this extent, independently of the demand for traneportson the part ‘ol the belligeronts—a Cemand which bas already commenced. This is, perhaps, the redeeming feature in the approaching convulsion, and it ia one whic, we trust, our shipowners will be pre- pared to torn to proper account. THE RUSSIAN LOAN. [From the Londo: 23, April 29) One of the pots particularly worthy of remark fn tae pregent staie of affairs i cape the public have had trom the projec ia. Although tho designs Of that Power ba nt ever since the pre mena war, t the subsequent m ung s certain that no warnings oa would be of avail to pre- if a house obteining avy desired amount nding could be f tion. Accordingly 10,000 was put out confidence “Eng!igh 2a the schema oth or two back, © expressed by al alists might ple est elation ties nte’ p Were aax! word of cau. Baring nor h to compete rs, had shown any willingoees to > were also reports as cou of 100,000 Raseian + . Tho ‘n Ambrasador at V a mysterio Q of the Austrian t berations were held in order to ness to bring out this proposal at a momen the very next receipt of French Montteur, to back 1 4 not armed, and did not intend was to prove s great success. Tue ement of Austria, how . its had obtained all th =Proceeding, and the £12,000,000 wi ‘at home, where, probably, it may « ant date be found of use. The Bo line on account Of the prospect of confidence we evident ¢hat cr of the war in t to give confidenc necessitated e: be perfectly ‘re enormous expevee, men, std of 800 leagues, and to a country witt Italy, on the contrary, the journey ¢ or two, and stores can be easily obtained. in the Crimea joans of 1,500 millious (£69,000,000) made. We do uot say that the war in Italy will not oc sion a new iseue of Rente, but we feel certain that so high & figure caunot be r should war Whatever yh conve’ riel to a di resources dd. At this moment one fact that the loans of the war of the | ber seventy Ove or eighty thousand men, Gen. Trossard, Lieutenant General of the Engineers, is at Duria, * . * * * * * General Regnoult de Saint Joan d’Angely, who was tho commancer of tbe Imperial Guard, becomes the chief of the stall under Prince Napoleon Ia pusuance of a recent order the soldiers of the Imperial Guard are oly allowea to take with them ove pair of pantaioous and two suirts, £0 ag to be enabled to carry agreater number of cartridges than usual. Pants, April 27, 1859. ‘The news of the passage of the Ticine aud the march of the Austrians on Turin bus caused to-day the greatest ex- citement io Paris, It is foared that the regitoats which have already reached Piedmont are in too small numbers to oppose the mosses of Austviaus. Rolaforcemenis are sept {rom all parts. The Westera Railroad bas cacries 41,000 wen in four days. a Four regiments, recently arrived from Africa, bave deen obliged to stop at Mout Geuévere for want of having received their complete armament. Artillery is moat wanted, but its embarkation takes a great deal of time, as tho pieces have to be dismounted. [From the Paris correspondent of Lo Nord. | Part, April 21, 1859, It is not only to Piedmont aad Frauce that Austria throws an inswiting challenge, but to the great Powers which interfered 10 avoid a war and its calamitios, which will fall heaviest om the government which hes taken mo notice of the friendly interference of those Powers. Aus. tria shali have tw account for her obstiuacy if she rejects the last olters of mediation, * B * * * * * All the letters from Italy state that the enthusiasm has reached the Lighest point throuxhout the entire peainsula, Fifteen hundred students from Lacques and Pisa were ex: pected iv Turin, In Rome a Roman nodleman has gives 20,000 france for the support of the volunteers to the Chevatier a’ Azeglio. Panis, April 22, 1959, Toe news that Pruaeia proposes to put toc Federal army on @ war footing bas not astovisked anybody here, but we are far from ascribing im that measure any hostile in- tenons towards France, It ia natural that Praseta should cispose of ail ber military strength when several Stases of the Confederation have already decided to place their co Upgeats ona footing. Ia taking the initiative of a general mobili , Prussia does not only preserve her influence aua ber authority in Germany, but she undoubt- | edly also reeerves for herself the chief commaad of the Federal army. And, according to all the dociarations of the Prussian government, that ermy oan only be used for the defence and the protection of the German territory. Pans, April 26, 1859. ‘The movemunt of troops continues with the sae activity and enthueiss: Ailthe regiments of the lm) -riai Guard have been in torn atthe Tutteries to receive their flags, and show the greatest enthusiasm when passing under the windows of the Emperor. Marsha! Randon, recentiy appointed Mijor General, is constantly with the Emperor, who is busy trom six o'clock in the morning uati! noar midnight.” The Emperor will leave Parison the ih of May, and Prineg Napoleon and M. de Viliamarina will start this evening or to-morrow. THE EFFECT ON THE MONEY MARKETS (From the London Times (City Article), April 29 ] A farther fali of more than two percent marked the commencement of businees yosterdoy in the stock ex- change, and before the end of tae day upwards of twonty additional failures bad been announced, one of them for an amount exceediog £100,000, tue whole of which will {all upon the various dealers. Subsequently there was a partial recovery, and the final transactions were at prices about three quarters per cent below those of Wedacsday. | The report that Denmark has gratified her anti-German feeling dy joining the alliance with France and Russia— | thos making a figaifiesnt combination of three of the principal naval Powors of Europe—was among the | cauees ot the increased depression at the commence- ment of the market; but the further revelations regard- ing the secret conditions arranged with Russia exercised | the grea’est influence. Tne first quotation of consois was | 883¢ to 4, and a large namber ot failures having imme- acion ensued, and pre- abi gradual improvement place, wnt traneactions were ellected at 90. relve o'clock the apnouncement was on in the bauk rate of discount, but, : of the meney market for the past fow AS Lav pg fully prepared nearly every one for this step, it produced iistie ellect, although up to Wednesday morh rg it was thought the sdvnace would im the first in- © lmited toa half per cent, Ata later hour a ber of further failures created a renewal of ex- ond a sudden fall again occurred to $834. threo imiuential buyers then came for- been ra vaited f then t Two ward, and, tbe accounts from the Paris Bourse being rather lesc tdverse than thove of Wednesday, the final bar- gains were at 89%. Late in the day it was reported that the Avatrians have not yet crossed the Ticino. A denial Crimea r 25c. The Rente is now at 65f. Tt bus consequently already descended to a war figure. It is, however, possible that on account of the sensitive character of the Bourge,a new decline may take Place; but, according to all appeseances, a rec promptly foliow.’? very ougat to MISCELIAN! Prince Carignan had been appc Piedmont during the war. The universities of Piedmont hat been cloged by royal decree. French troops disembark received with enthusiasw. Austrian merchant ships iu Marveilles were preparing to epart a: the suggestion of the Consul | The Mi : atablisbed in Franco ¢ Genoa were everywhere < not to give any | e En. land and of Austria. The [engl left Berne on the 24th for Milan to to General Gynlia the protest f Rngland sgainst the Austrian ultimatums. otest againat the conduct of Auatria is re- rgetic. It declares the virions of the army of Switzerland baa been placed a, states that the formation of the nful union of An articis in hat the Pruaeiaa of the Arch- re, hig object hay- ‘oa of Prussia in the ulti- 43 positively re- upon present 3 Majesty which the (Translated from the Pa: Pendance Belge, for tt orrespondence of the Iade- aw Yorn Hanato } April 22, 18 have the rapid On the side of France the preparat Qnd decisive character commanded by the events; the indemity of active eervice (entrée en cam. Pagne) bas uiready been paid to the officers who are leaving. Toe division of Genoral Finoy leaves to day or to morrow, accompanied by that of General Marshal Rendon will be, Major Martimprey a5 chief of t General of Division Hurich lef robert arrived in Paris, and 5 orey. 1g General vider his command. not in active service are their destivations. A new divi red to Paris tse army the Crimean war. gof gunboats are organizing, command ig given to Captain de la Rooe: In the navy two div and the Now: 23, 1859. Tt was announced to le gny ig to take, in Loudon, the place of the Puke de Malakoff, who is to fake the command of the A he Rhine. Marabal rmy of de Castellane is to march ou Cham)e guay d'Hilliers on Briancon and aso, that Genoral Niel wi!l corm: Genoa. aud Marshal Bara. ue 'Var. It was gaid, d the division going to prii 24, 1859. The Emperor has increased the 1 f his’ aids-de- camp, aud given from bs own purse fifteen thousand francs to each of the oificers of his Lourehold who are to accompany bim. The Fourth division of the army, com- manded by General Niel, wiil capecialiy have c! eo of the sieges and the aitack of the fortiiled \ines in Lom dar- dy. Instructions have been despatched to Admiral Ri- gault de Genouilly to basten the events in Cocuin Cnina, aad to get ready to return with the forces under bis oom? mand be! - n _ os A council of war took place yesterday at the Tuileries, and was presided over by the Emperor. All the preliminary military questions have been examined and Guacuered Immediate orders bave been given the Secretaries of War and of the Navy. At two o'clock in the morning telegraphic dospatehes had nent to the commanders in the South, to the admirals and the commanders in Marseiilos, Toulon, Oran and Algiors for the forward march of our troops towards Pied- mont. | Three divisions will simultaneously arrive to the belp of Piedmont. One will enter by Caloz and Mont Copis; the second by Grenoble, Briangon and Pignerol, and is last point will be kept from there the Freach apoicon, It is estimated that the bout ten thousand mon; the Lyous Railroad administration by the other compa nies, Freight cars have also been appropriated for the eee carries ry day cars have been plage at trapsport of troeps; avd thanks to the zeal and patriot a payee there is no doubt that our ailles will receive reinforcements in time, The Ninety-eighth, Ninth ani Egiiy fe regiments of infantry aad gag of Ch form a sepa- | a it | was also published from the Conatitutionnel of the exist- ence of the offensive and defensive treaty between France | and Russia, and about the same importance was attached | tot as to the recent statement that Franco had not armed, and did aot intend to arm. The public have not | yet had time to forget that the compact with Pizdmont was | denied with equal self- possesion. Yesterday was ottling | day in foreign stocks and shares, and some of the yarious | failures which have occurred have been solely in conge- | quence of the impossibility of selling several kinds of | peculative securitice or obtaining loans upon them on avy terms. At the close of business there was a steadior tone, and hopes wore entertained that no more very se- rious disasters will be announced. (From the London Herald, April 29 L Another day of great excitement and alarm has passed. The pabic which has prevailed since Tuesday, if possible increased ip intensity yesterday, and the condition of business in public securities has been more fluctuating and irregular than at any time since the first develope- ment of the unsatisfactory symptoms. The influenco exerciced by the statements published of the course pur- | sued by the French Emperor, the supporition that the Austrian troops had crossed the Ticino, and the knowledge that the complications might involye Eugland in a war, produced much disquietude, and this having been fol lowed by an advance in the bank rateof discount to 31 per | cent—or, in fact, a rise of a half per cent higher than was generalig expectéd—the fall gravity of the situation became appreciated, Besides, it was affirmed that the govrn- ment, preparing for the worst, notwithstanding it is ques- tioned whether the express conditions of the treaties with Russia ave precisely what have been indicated, have issued orders for rawing men for the navy ona £10 bounty, co as to meet whatever emergency may arise. Every description of report was circulated, come being of a favorable and others of an unfavorable character, but the deprezsion exhibited ‘was Kot surmounted, though occasionally a partial rally ia | prices occurred. The alternations, nevertheless, were very violent throughout the hours of regular business, and ason Wednesday, up to six o’clock, a market was held in Throg- morton street, in which bargains could be completed. fhe bank directors were not long occupied in their deliberation upon advancing tho rate of discount to 334 per cent, and it was formally announced early in the day thatthis would be for the present the price for the negotiation of bills having | 9 days to ran. has been in existence since the 9th of December last. This sudden rise of 1 per cent, it seems, is considered to bs fully jus- tified by the cuurse of events, and it has been stated that there ta prospect of a further augmentation. The continuous declension in the stock of bullion, and the apprehension that the drain may be accelerated’ by the position of rela- tiong on the Contineut, will account for the promptitude of the measuro, though in many quarters it was anticipat- ed that the alteration would at first have been limited to abaif per cent. The rate was last advanced to 334 per cent on the 24 of June, 1858, when the stock of bullion stood at £18 and’ the reserve of notes at £8,366.970. ding to the last return the position of the bullion was £18,061,375, and the recerve of notes £9,880,240, while the statement to be issued to day will doubtiess present some sdiditioaal important varia- tions, At the commencement of business yesterday the keene witneseed at the Stock Exchange was one of the most painful ever remembered. Those whose memories canry them bak to the days of the celebrated Spanish panic scarcely think that the exhibition then was more distressing. The firat Net announced was five names, followel bya eecond of eight, and then four others wore declared, mak. ing a totsi, including partners, of nineteen. Tuess, with the suspension previously intimated, constitute an tntire number of between twenty seven and twenty-nine, com- prising the one or two declared early in the week. It was ra- marked that whereas, on the occasion of the great revulsion already referred to, the scarcity of money and ths senze ot alarm extended principally to one market or department, in this instance it was Spparent throughout tho house, the operators in every species of security being affected.’ At one moment, the condition of things seemed destined to paraly re tragwactions altogether, and such was the appre- ension exhibited that the further announcement of fai. | lures was awaited with the most intense anxicty. Ai- though, with one or two exceptions, the mame: yesterday were of reomd ard third class character, still the great mum er showed the severity of the blow, and the fatal influ, ence emrcrsed ly the immense change in the position of our political relations ‘Was a grester exhibition of confidence, but tho slightest rumor served to create agitation, and to lead to every kind of conjecture with respect to the con- sequences which it ia alleged will follow the Russo. French alliance, It is mentioned, with reference to some of the suspensions that have teken piace, that the accounts opened by the partiea were on ascale of considerable magnitude. Although it is true that the depreciation in prices has been very severe, nothing could warrant such extensive contracts as are alleged to | have been chown by the books of one firm that was com- | pelied to announce iheir inability to meet their payments, | Of course it is amderstood that many of the individuals who | bave been placed in embarrassment have suffered solely | through the fault of principals, and there {s no quostion f they were paid the differences to them they could | have met the whole of their fabilities with punstuality; | state of depression, and a fall in quot’ asintbe cases of Turkish and other securities, | ranging from 10 to 20 per cent, the difficulty of averting | the catastrophe must be generally admitted, | {From the London Pos’ (City Article) April 29.} | The market for the public funds has agaia presoutel a most excited , and prices have fluctuated with much | violence. The intelligence received of the crossiog of the | Ticino by the Austrian army caused the market to opsn with great heaviness, at a depression of nearly three par cent on the closing prices of last might; but subsequently became firmer, in consequence of its being reported that the news of the invasion of Piedmont by the Austrians Was premuture, and algo that the alleged treaties bet ween Fratce and Rues'a were not in existence, but simply Yat wa “onderstandiog’ existed between tha two govern The rate before was 234 par cent, which | In the course of the afternoon there | ments, The advices from the Paris Bourgo also showed » rally in the value of rentes, and a recovery in the quol® tions for the Ruylish funds of about one per cent {rom tne lowest point was eventually eatablishe!, The alate of confnrion and alarm into which the Stock Ex | change hag been plunged today may be imagined, whon it stated that uo fewer than’ soventeon de | fautters have been declared, many of whom are mea of ttanding, and whose position bas not been #0 much the result of insolyoncy uz being unable, from the state of the markets, to close their accounts. The confusion has als» Deen beipbtened by the notices given by several joint stock banks of the immediate recall of losns and ad and the demand for taoney has consequently and the rate of interest purely matter for negotiation ‘The advance of one per contin the minimum rate of tho Baok of England produced bat little effect in the midst of the disasters and diticulties which have reigue! trum phant to day, although the measure is of more importauce than was expected. For money consois have becn dealt in at 89 88%4 8045 90 89 34 8836 8944, and for the account the transactions have been at 8834 14 8914 89 8834 S936 , and the closing price was at ths bighest point of the day’, viz: 8934 3. The bank directors, at their weekly mecting to day, ro- solved to make an advance of 1 per cent. ja the mio: mum rate of interest and discount. The Inst alteration was mado on the 9h December, 1858, to 2% por cont. per annum, and it now stands at 334 per cent, per auaum in accordance with the resolution passed at today’s board But little exception can be taken to the chang ticipated that an alters. (ion of more than 34 per cent. would have been made), as the etate of politica may Dow bo expectel to exercise & very marked influence upon the position of the money market. The joint stock banks have for the most part raised the interest allowed for money on deposit to 235 per cent. per annum; but the London and Westminster Bank bas announced that the rate of interest, untiifurther notice, will Be 13 per cent. on sums under £500, and 2)¢ per cept, on sums ve that amount. The inquiry for hes been rather brisk to-day, moue the recall 0! loaus ou the Stock Exchauge having stimulated applications for advances to a large amount. In the market for foreign stocks prices have been ex- ceedingly depressed, and business could not be transacted uvless at a margin varyibg from 3 to 8 per ceut. between the buying and selling price. Towards the olo32 of busi- aces, Lowever, there was rather more steadiness of tone. ‘Tho market Lor railway securities has boen in a atute of almost inextricable confusion to-day, owing to the nume rous failures that have taken place, and prices bave beeu but little more than nominal go far as business went. The arrangement of the account has engaged attention, it being * ticket day,” aud prices have been {com % to 4 per ceut lower than they were yesterday. There was, how- ever, more firmness at the conclusion of business, couse- quent upon the rally in the value of the Kagligh funds. In the foreign railway market the transactions have been limited and prices lower. Lombardo Venetian, after descenaing to 344 discount, closed at 234 to 2 discount, and the new shares after having been dealt in at 4; discount, left off at 3 to 234 discount. Very little business has been done in the shares of railways in British posacssions, and a further considerabie depression has taken place in prices. {From the London News (City Article), April 29.] ‘The directors of the Bank of Eogland, at their weekly court to-day, raised their minimum rate of discount from 234 to 834 per cent. An advance to 8 per cent w28 cou sidered certain, but the measure now adapted fell upon most circles im the nature of a surprise, although its pos. sibility bad not altogether escaped discussion in some quarters during the last two days. At the same time, in the existing critica! condition of foreign politics, thers is no disposition tocavil at the promptitude of action dis. played by the bank. Decisive instead of half measures accord best with the present phase of the pubiic mind. Jt is probable that the extension of the area of disturbance on the Continent will ere long cause the diversion to this country for safe keeping of a large amount of foreign capital re Yased from its ordinary channils by the para lyns of trade; but, ‘meanwhile, tho distress of the foreign markets may stimulate attempts to procure temporary assistance from this side. As likely to defeat these efforts and to check the drain of gold, the action of the Bank of England is generally regarded in the light oi a prudent precaution. Ata period when our trade presents £0 few features suggestive of anxiety, the effect of to day’s measure upon our home interests can scarcely prove onerous. Three and a haif per cent, after all, is a very moderate rate for money. Little damage need bo occa stoned if the commercial community recognise with coutl- dence the comparative solidity of their present position, xd abetain from any movements calculated to aggravate what may otherwise prove a merely momentary pressure. Tn some quarters, where loans appear to have been accorded With undue facility, there is now the usual refusal of accom- modatton. Loans are hastily called in, and much iacon- venience occasioned. Thigrash and spasmodic policy is greatly to be deprecated. Tze mercantile world, on their part, are called upon to exercise a certain degree of se.f- restraint, It is idle to make provision in excess of all possible requirements morely for ‘he satistaction of strengthening one’s banker’s balance. Should this exam- ple epread, the advantage will be exclusively contined to the money dealers, whilst the inconvenience may be gen: eraily ditlused. The demand at the bank today was large, but not #0 heavy as yesterday. Applications lodged prior to the fitting of the Bank court—viz., baif past eleven o’clock— wore liberally admitted upon the old terms. In the gea- eral market the rates bave beer at once moiified in accordance with those of tha bank, For good bills up to 60 days, the rate in Lombard etreet is 334 por cont, aud up to 75 days, 334 to 4 per cent. For paper baving a ionger period to run, higher terms are demanded. The panic in the Stock Exchange, especially during all the earlier part of the day, was more intense than ever. The scene, tn fact, baftes Uescription. The official “ham mer,” announcing the public default of members, has been resounding ail day. In addition to the seven failures in the establishment notified yesterday, eighteen more wore proclaimed to day. To-morrow is *‘pay day’’ on the fort- niebyy settlement in shares and foreign stocks, and is i forward to with extreme apxiety. Each member of the Stock Excbange is bound to pay the inst farthing of his “differences,” under penalty of being proclaimed a defawter, yet bas now no security for the puactual receipt of the sums due to him. Tho misgivings thus ocoasioned tend in no small degree to explain the almost upprecedented severity of the panic experi- enced today. Jt has become requisite to make provision against all contingencies, and, with the | grand object of preserving their credit a’ any aacrifics, any members have forced sales of all classes of eecuri- ties. The markete baye consequently been paralyzed. Twe dealers, in many instances, declined to do business, eell cefence, quoted preposterquely wide “‘margins.”” Sales of many kints of stock were absolutely imprac! ble, prices being purely nominal. Neither the contixental intelli nor the alteration at the bank appéars to bave had so much effect upon prices as the total dis'ocation of the internal arrangements of the Stock Exchango, conae- | quent upon the numerous instances of embarrassment pro- claimed in the midst of a heavy settlement. Tt is only fair to the Stock Exchange to remark that of the eightcen failures announced to-day, only ove was of real magnitude. In this instance the liabilities are enor- mons, being estimated at £75,000 or upwards, arising from im@ense transactions in consols, Turkish and Mexi- can bonds and English railway stocks. Tho oc stences of this case have excited great animadversion, after making every al'owance for the acknowledged over- throw of all reasonable calculations by late events, {From the London Mercantile Gazette, April 20, evening. ] ‘The excitement on the Stock Exchange ooutinues, not in consequenco of receipt of any further warlie move- mects, bud solely from there having been nine or ten more | failures declared, besides the nineteen yesterday, ‘even ‘on Wednewday amd two previous, in ali about thirty- eight. Of yosterday’s list only one was large, say £50,000, Dut to-day there are some more of the game ciass. This has produced reuewed excitement throughout the market, and prices are as “wild” 93 ever—so much go, that wo are once more nnable to give a regular list of quotations, Consola opened at 90 to %4, went to 90% to 91, and are now 90 to 3g, Business lias been transacted at 893¢ and algo at 91, showing a fluctua- tion of 13g per cent. Turkish are, however, batter, the Present quotations being 62 to 67 nnd 62to 57. Tae scrip of the India loan bas been done at 90, and algo at 9134. The money market ig very firm at the Bauk migimum of 344 per cent for short bills, The banks and discount houses have, in regular courae, made a corresponding ad- vance in the rates of interest allowed for mouey placed on deposit, There isa call of £2 por share due to-morrow on the Seat Weatcrn Railway of Canada, £3 on Lancasier aad Preston Junction, and £2 on Pernambaco, together mak 1g a sum of £283,690, The preeent price of Indian scrip being 6 to 4 discouat, will be likely, if it continues for another week, to interfore with the completion of the loan, as the weaker subacri- bers are scarcely likely to pay upon asecarity which they can forfeit, and purchase back fon more easy terms in the open market. There is a positive gain of 2 per cent in sacrificing the deposit paid, and buying the stock in the open market. It must, however, be ob- served, that the present depregsion in this and other public securities arises not so much from the war movements on the Cootinent as from the operation of the fettiement of the account. After today, ualess there Fhould be some more failures, we may lovk for @ rally in frome stocks. Tncre bas been an active demand for silver for Ham- bur, and tho price has gone up to 6s. 244d., and the rato ig quoted at 52, 234d. per eunce. THE EFFECT ON THE MARKETS. INTERESTING COMMERCIAL CIRCULARS FROM LONDON AND LIVERPOOL M&RCHANT: BARING, BROTHERS AND 00.'8 CIRCULAR. Lonvox, April 20—5 P.M. The threatening state of pelitical affairs on the Conti- | nent has had considerable effect on our colonial and foreiga © markets this week. Sugar, coffee, ten and cotton land lower. Breadstuils, nemp, rice, tallow, salt etre and lineeed have advanced rapid/y. The Bank of Fnglond yerterday advanced thelr minimum rate of dis- 4 per cent per annum, at which rate money is The stock market bas been macn agi- serious decline in prices has taken place. Consola leave off at 89 8 8914 for money, 89 a 894 for the account, Bar vilver has advanced to bs. 244. Mexican dollars, ts A7%4. 44, Doubloons— Spanish, 78s.; South American, 75s. The warlike news has created an active demand for saltpetre, aud considerable business has been transacted at advaucing rates, The total quantity sold amounts to about 7,000 bags for arrival, commencing at 43, and closing at 46s. for b per cent on usual terma, and 6 0(0 bags on the Spot and now landing, on similar terms. The latest quota. tions for various refractions are 4! 438. for 14 to 12 Ibs.; 448. €d. a 408, for 814 to 636 Ibs.; 458. 6d. a 468. for F ‘o-day the market 16 534 to G Ibe, and 46e. 6d. tor fine, quieter. American stocks continue withoutfinquiry, but there are more sellers. United States 5's new loaa 94. Maryland Sterling 5’s 94. Pennsylvania 6 ck 80; bonds 83. Canada 6's 111 a 110. Nova Soot a and New Brunswick 6'.8 109 a 108. WRIGBT, JR,, AND 00.'8 CIRCULAR. Liverroot, April 20, 1969. Since the 2let inat., the date of our last circular por Niagara, most of our produce marketa have been ex- tremely quiet, and transactions greatly circumscribed. Apart frow the Easter holidaya, which ‘usually interfere With business about this time, the approaching Parlia. mentary elections bave tended to curtail mercantile ops- rations; but both cauges are considerably aggra- vated in effect by the political aspoct of affairs, which bave now assumed so threatening an attitule that all hope of war being averted is abandoned. We may, ia. deed, hourly expeot intelligouos of the commencement of hostilities, vud eo formidable bas become the interest in —TRIPLE volved, that at! Europe ia expected to take part in tho struggle, however contrary may be the opinion of indi. viduals.” A&@rmatter Of Course a cautious action por- vi Jake's abd ib cotion the demand is confined to small parcels for the Immediate wonte of the trade, prices showing much irregularity, bolders ali eager to realise, and # epecies of panic prevailng. The fuads public securities are violently itated, and» ger ious decline in quotations must be noted im consols, railway shares, &c., while an tucressed demand for money accommodation bas enforced the necessity of raising the bank minimum rate of interest to 044 per cent, which does not obeck the drain of our precious otal, and war re- quirements ere vot likely to improve their condition. Yo dey’s political repoits are more favorably reviewed, aod bave had the effsct of checking the pauic feeling: Distrust and apprehension arc, however, the ruling feawues, and business is restricted to retail trangactions, The sales of colton are stimsted at 4.000 bales as irregu- Jar yates, and although quotations are only reduced 4d. to 44, par tb. during the week, holders, desirous of realizing, would have to eub:nit to a greater decline, The Manchester market for goods and yarns partakes of the current feeling, and transactions are nfirrowed into small ordere to keep up assortments, In the absence of stocke, however, provucers maintain prices with tolerable steadiness, thongh, with the more limited inquiry, there are vot wanting those who are willing to make concessions in order to secure freak contracts, JAMES HEWITT AND 00.8 CIRCULAR. LivERYOOL, April 29, 1859. At the close of last week much aaxiety prevailed in con- sequence of the immediate prospect of war, and mattors continued daily to grow more serious until Wednesday, when a pavic of unusual violence was precipitated by rumors of most sreoaprrae raat complications ou the Con- Uinent, threateowwg to involve all Ewrope in the pending sicugele, The immediate effect was a decline in Oonsols trom %4 to 88, while many éecurities wont down from 10 to 20 per cent in two days, causing near forty failures on the Stock Exebavge at London, and several hore, The alarm has become general, casting the deepest gloom over the country, aad for moment paralyzing many Drauches of commerce, but imparting at the same time an extraordinary speculative demand for pro- visions and breadatuffs, which have largely ad- vanced ip price. The Bank of Engiand on yesterday advanced the rate of discount to 334 per cout, and it is ‘not improbable thot this may soon be followed by a fur- ther upward movement, Consols, after a week of great excitement and fluctuation, closed this afternvon at 89 to 8944. is consequence of the causes briefly referred to above the cotton market has been greatly depressed, and since Monday sales have been almost impracticable, even at a heavy decling, buyers being indiaposed to operate even at 34d. to gd. below the currency of last week, upon which terms many holders urgeotiy pressed their sam- ples in vain; indeed, for two or three days it may almost ‘be aaid that we bad no market, The business bas been £0 lifeless and prices to very irregular that correct quo- tations are impossible. We may remark, however, b: way of giving au approximata idea of values, that mid- ding Orleans i3 nominally worth about 6764 ; Mobile, 6%d., and uplaud, 634. i A.) Be AND R, MAXWEEL'S CIRCULAR. Liverroot, Friday, April 20, 1859, ‘The alurming news from the Contivent of the ‘crossing of the Ticino by the Austrians, and close alliances having been formed between France aud Russia, aag caused the utmost excitement in our trade during the paat two days, and a further important advance has been established on allarticles, The weather bag been wet and cold. At this day's market there was 4 fair actendance of the towa and country trade, and although there was not the wild speculative buying of tho laat two days, a good consump: uve demand was experienced for wheat aud flour, at an advance of ls. per centa! ou the former, and 1s. 84. to le. 6d. on the jatter article, Oats and oatmeal also met with @ fair gale at 6d. and 10d. per conta!, more monoy reepectively. Corn attracted considerable attention, aud reveral parcels were takeu to hold over, at an advance of J. per_cental. Prime white American was hold to 78. Od. We quote American red oaty, 10s, ‘TEE GENERAT, BROKRRA? ASSOCIATION CIRCULAR. Liverpoor, Friday, April 29, 1859. ‘The aerious aspect of Coutinental affairs caused the cot- ton market to open on Monday with heaviness, but no de- cided change took piace. Since thea the complicated pa- ture of foreign politics haa produced a general panic, sell- ers bayo been very anxious to realise, and the (ew buyers would only purchase to a moderato extent. Great irre- gularity ip sales has ginco prevailed, and it is difficult to give quotations with any accuracy ; they have, however, been reduced 34 26d. in Americaa descriptions. ROBRRT MAKIN AND SON’S CIRCULAR, Liverroor Cors Excuanax, April 29, 1859. The alarming poeition of politics on the Continent of Europe, and the anticipation of an immediate outbreak of war, has created much excitement in tue grain trade throvghout the kingdom thia weck, and the prices de- manded for wheat have been quite irregular, but tho at- vance generally obtained 18 about 5s. per quarter over wie currencies of the previous week. The trade bere hus been equally excited as elsewhere, and a iarge business bas been done the past two days in wheat and flour, at an ad- ‘yance, on each article, varying from 6d. to 1s. per cent, according to the less or greater eageruess of buyers. RICHARDSON, SPANCE AND 00.'S CIRCULAR, Laveroot, April 29, 1859. During the past week great excitement hag prevailed relative to Coutivental politics, and all our markets bave been in cougequence unseitied. Contols have suifered extreme depreseion, having declined to 88, but close with @ little more firmness, at 89. On Thursday the Bank of England raised their rate of jaterest to 334 per cent, being an advarce of 1 per cent. ‘The Corton market has been seriously affected this week by the state of home and foreign politics, and the prospect of war. Although holders have generally been willing to aobmit to @ decline of 344. per Ib.,,and ig many cases to even a greater reduction, buyers tould not be tempted to take more than sufficient to supply their imme- diate wants, and in consequence the busisess of the week has been small. In bianchester there is literally nothing doing. Taiow, excited by the war rumors, has further ad- vanced with en active business. The nearest valuo to-day of p. y. ©. here, is 6's. per cwt. By the latest advices tho market in London bas become flat, at 583. epot, and 532. 6d. to the end of June for p. y.c. Herc aigo the market bas gone quiet. SEGAR AND TUNNICLAFFR'S CIRCULAR. LivkePooL, April 29, 1859. With an accumulation of evil tidings from tne Powers prepared for conflict, we have witnessed in the last two daya an excitement almost, if not altogether, without parallel in the history of the trade. The business has been yerfectly wild, and ‘the advance from Tuceday has been fully $d. on wheat, 9d. a 1s. on flour and oatmeal, and 6. @ 9d. each per cental on oats and Indian corn, BIGLAND, ATHYA AND CO:'S CIRCULAR. Liverroor, April 29, 1859, Our last circular was per Niagara on the 284 inst. sinc> which great excitement haa pervaded our markets, in consequence of the threatening position of Austria towards Sardinia, and tho last day or two the excitement tas been much increased by a report of a treaty having been con- cluded between France and Russia. Up to ine moment of our going to press, however, no oflicisl report has been received of war baving actually broken out, Yesterday the Bank of England count from 244 to 844 per cent. VERY LATEST, THE Telogrephic from London to Liverpool. [From the London Times (City Article), April 39.) settlement in the Stock Exchange, and tho panic hag con. tinued with almost uninterrupted force. The flactua- tions have sgain been extremely violent, and prices, al- thong they opened with less gioom, were fiaaliy almost ng heavy as at any period of the week. The new Indian loam hag declivod+o six to Ove dia rount. At tho Bank of England to day there was a full domand for moncy at the increased rate, In the open market the torms are quite as high ag atthe bank, and tho dealers are indizpesed to take long paper. For bills naving alx months to run five and flye and a quarter per cent are the loweet rates, About £40,000 in gold, half in bare, balf in Russian, was taken from the bank to day for the Continent, ‘The rate for discount at Hamburg hes advanced from threo and a hgif to five per cent. Metailiqies were quoted at Vienna this morning at 58, which, at the pre- sent rate of exchange, is equivalent to about 43%. ‘The demand for silver for the Continent has increased. In the foreign cxchanges this afternoon the rates on Am- sterdam and Hamburg were slightly lower. The quotation for Austrian paper was almost nominal, but showing a further uzfavorabie movement. In the corn market this morning thore was a further advance of 3s., and the total rise since last week Las been about 88. ‘Tho Colonial produce markets during the week have been greatly influenced by tho pregent threatening as- pect of Continental affairs. Many articles, owing to tho prospects of war, bave materially advanced, while others show covgiderable depression. {From the London News (0ity Article) April 30.] The excitement to-day was leas intenze than yestorday, but the sense of exbaustion was greater. This was pay day for the for nightly settlement, and twenty-three moro motabers of the stock exchange have been declared unable to meet their engagements. In all, the present settloment has bronght down forty-seven Stock Excbange firms, com- prising fity one members, Some of the failures today were important. The monthly settlement in consols has now commenced, and as the fall, oven since Iast Thuraday, exceode five per cent., anxiety is natural, In the exiating condition of the market the failure of one large firm is guflicient to bring down a dozen others, Tho funds opened this day with an, improved appearance at advanced prices, ani for some time comparative animation was shown. After a riec of 134 per cent., however, influential sellers camo forward and a relapse set in. During the afternoon the gloom continued to incresee, until, at tho close, prices were actually a balf per eont worse than at the close yeaterday. THE RUSSIAN TREATY. The London Herald says it bas the best authority to state that no secret treaty haa been signod between France and Russia. The Nussians have meroly agreed to place 50,000 men in ebservatim on the Galician frontiers of Austria The Londen 7imes of this morning (30th ult.) saya, with respect to the two treaties, or conventions, or engage mente between Franco und Russia, wo baye nothing es- vanced their minimum rate of dis- _ Tis bas been the floal day of the forcign and share | SHEET. sential to retract. In fact, it is not in tho nature of agooret treaty (o be known ia ita details within a week aftor wig nature, but the main facts are, we fear, beyond a doubt, THE ENGLISH MEDIATION. The London Herald of 30th ult, says:— Just new further att at mediation appear wseless. ‘Tho French are, it believes, anxious to reopen negotiations by the meana of a conference between Kugland, Pragsia and Ruesia, to be held during a sort of armistice botween the actual litigants. ‘The Heraid does vot predict what may be the result of this last attempt, We do not pretond to say, it remarks, that the aspect of affairs is decidedly warlilce. FRANCE AND DENMARK. ‘Tne London Times and the other morving journals are euthorized to stale that the announcement mado that Denmark had conoluded, during tho few last days, an offensive and defensive treaty with France, is dovoid of any foundation whatever. MOVEMENTS OF THE AUSTRIAN ARMY. The London Herald of the 30th anvounces im one of its leading articles that tho Austrian army, 139,000 strong, have, we Uelicve, crossed the Ticino in three divisions, by No vara, and on Turin from the Lakes. The London Times of tho 30th received intelligence on the 29th that the statement that an act of war was committed on the night of the 26th, by the entry of the Austrian troops on Piedmontese soil, was perfectly correct. The advanced post of General Gyulia’s army croesed the Ticino and took up a position on the enemy's territory, but the advance of the main army did not take place till yesterday, April the 29th, By all accounts the Austrians had determined on a vigorous offensive move- ment, and there can be little doubt they are desirous of striking a blow before French troops can be brought against them. A telegraphic deepatch in the London Advertiser, dated on the night of the 29th, says the war enthusiasm in- creases, and Paris js in a high state o° excitement. CAMPAIGN IN ITALY. Admitting that it is dificult to learn the truth im syph matters, and though the French may evem have a direct object in inducing General Gyulia to believe in their difl- culties, yet a belief prevails that thoy will be unable to offer a serious resistance to the Austrians if they doter- mine on a vigorous attack. The Fronch were unprepared for the sudden movement of tho Austrians, and expected to begin war at their leisure somewhere about tho end of May. The difficulty and delay on Mount Cenis will bo considerable, and though the French are carried rapidly to Genoa, they arrive there without means of entering on 8 campaign for three weeks. OUTBREAK IN ALGHRIA. The Paris correspondent of the London Star says:— Reports have been received by tho government of & Movement among the population, and that the retura of several troops lately eent to Italy would probably be required, MISCELLANEOUS. ‘The London Times says:—Nearly uli the naval engincers have their hands full of foreign orders. Up to laat night 142 members Lad boon elected to serra fn the new Parilament. Of these 112 were roturned with- out opposition. The health of Sir John Lawreuce will not parmit his ac- | ceptance of the profiered banquet. Grusxock, April 30, 1859. The steamship Edinburg arrived at twelve o'clock last night, in gixteen days from Now York. She eacountered strong easterly winds. General Foreign Miscellany. ‘The Foglish Parliamentary elections wore progressing in England, but the war crisis detracted from the atten: tion which they would otherwise command. The returas at the departure of the Persia were too few to give any idea of tbe final result. Lord Stanley hed been put in nomination for Marylebone at tho oleveuth hour, and against his consent, Hie vote was, of course, compara. tively emall. Sir Allan McNab had booome a candidate for Parliament, at Brighton, on the conservative side. The returns of the English Board of Trade continue to show a largo increase, the increase in th> exports for tho month being £2,812,954 over March, 1853. The quarterly returns of emigration from Liverpool show great activity in tho movement towards the United States, and it was believed tat the next fers months? emigra tion (0 America will be the largest expericnced for several Cars. Stir. Morphy bad again been astonishing the London chees players. He played, simultaneously five of tho most expert members of the St. James Chess Clab, viz:— Messrs. Lowentna', Riviere, Barnes, Boden and Bird, The reeult was that Mr. Barnes won his game; those with Messrs. Lowenthal and Boden were drawn, aad Mr, Morphy won the other two. Personal Intelligence. Recernon or PavL Morray, tie Cums CaAmrioy.—The American cbces champion, Paul Morphy, Esq., arrived in this city by the steamer Persia, yesterday, and was cor- dially received by \Tb. Lichtonheim, and a number ol other prominent mombers of the New York Chess Club, and M. Isidor, President of the Union Chess Club. Mr. Mor- phy intends to etay here for several weeks, and after- wards will retnrn to his home and family. Ho will, no doubt, play a few games at the New York Chess Club, in whose company he won his first chess honora, In the Supreme Judicial Court of Boston, on the 7th inst., the following divorces were granted :— Sarah E Farrar from Jervis G. Farrar, tor adultery. A.V. Lynde for libellant; no appoaraace tor respondent, Margaret Cahill from Daniel Cabill, for adultery. Thomas Toomey for libeilant; no appearance for respon- dent. Austin Bears from Olivia Bears, for desertion growing out of spiritualism. Y. W. Brown for libsliant; no ap- pearance for respondent. Rey. Dr. Vinton, of this city, preached in Cincinusti on ‘Sunday last. ARRIVALS. From Liverpool, ins eamsbip Persia--Hrs Oripps, Miss Cripps, G F Wormrsth, R Wormrath; a Roman, two daughters, son and nurse: Mr Slater and lady, Misses t aniels, Paterson binkell, Mr ¥ Haynis W ss Keed, son and servant; N Low, McKlaie' Brcadbe}t, Hodgson, F Corbitt, Henry Leon, ‘e Duxel Schramm, G # Coulsen, J Woodward, G@ F Sanderson, lady and servant; Miss Bott Oarter, Misa emily jurr, 1 Burr, Master 8 Edgar and lady, Mr Rauénshaw, d lady, Mr Gawtry and lady, Mrs Car- ter and infant, Migs ji Ping or and ourse, Alex i7uncan and servant, Mr Richaréson, Mea Dwigh', Mra , JC Kocleston | and iady, HB Turner and brother, WL Baraca, Mr Wambash | and 1 Mr Lowden, Mr Mellitt, Mr Reulson, Mr Stephens, Mr Potts, Lord Montague, lady and nephew, ®& J Soriven Professor B own and indy: George. Milne, Wiree cuildrea and F Hance, Jaa Wallace, J E Vertu. W 4 MoLeah, Wn Mr Penmiman, & 8 Greenbrough, Wm Emoraon, G E Wiikino, Mies S5 Mary Carter, Miss Carier, Mian Mage ¢ Hansford, Me Wel Mr Hornby, Mr James | | Oscar Kemp, Maj ire, J Dewsnal, Mr Sutton, Misses Anteorcith, Mr Andie, MrSchoembar, Robt Hlackis, Mr Labayan, Mr Meuler, Jat ward, Mr) dey, M Ilendrichsen, § Brush, Mr Jewell, Mr Nrgmorh, J #'Olarks Me Spencer lady, ‘has Moore, Mr C: JH Booly, W J Galway, Norphy Lybrandt, L antenrich and wite, G Rasthe and_wite, James Campbell, RV McKiny, CF Schall. Mr Myers, 8 Mane: rich, M Breweler, Mrs Harris’ and five daughters, Charles 8 Mackenzie; Mr Dthe, lady and infant; Mc Myera and lady, Mr Hobson, W Stevens, M Paterson, Henry Crowther, JK Mor- tin and ‘ady, Thos Martin, Misa Anu Maria Martin;’ Mea Mor- row, child and infant; Walter Ityron, Waltcr Abboit, O Jones, Dr Newman, Mr Marehall. ‘Tot, 17 From Liverp2o), ia steamship Kangaroo—MraRanile, ifisea Mery, avnie, Kmma and Masier Jos Randle. Mrs Dayton, Misses Janet Clive, Anne Lebensm, Mary White, Macy Lan cey, Nancy McClure, Mary McKenna, SMraJ A Eld, Mra Roth, Mre Washbrook, Mr'C F Vigot and’ lady, Mr William Pigat, James Pixot, Misees Fanny. Lucy and Helenand Mastera Crea: ell, Honey, John and Mise Mary. Plast: Mrs Wrights Bed: ain! ; 8 Pogh, Wm Kelly, Wm Owens, Wra Koberta, M ac rom ‘ie, Chag 'W Gage, Wm Evans, M Smieton, L Bechers, Henry Haton, Wm Prieawick, C Kroceslein. From favanneh fn the steamship Huntaville—W HH Dicker. Trennor, D Bromeli, Capt D W seed, Chaa Micvels A Whitney, Uhes Hunasy noob Davin, 8 Gladwin, H Hanus A Kerswell, Silas Gardner, Ja Blanchard, 20 in the steerage. mond, Mr Colson, lady and gon; Mr Kingoa, DEPARTURES. For Liverpool, in the steamelip sfeica—Mr and Mra Jas Mclean. two children and aervaa'; Mist Cochrane Mr aad Mrs ‘Thoe Hilolson and maid servant, New York; Me avd Mra Wd Lyle, Mrs Sleriiog, New Orleawe; Mr and Mra iM Gay daughters, twochildren and se:vant; Mrand Mrs i A Oelrlehs, Misa Palmer, New York; Mr and Mrs Jas H Orage, Mr and ats Hiarricon and servant, Philadelphia; Mr aad Mrs’ ® J Weeks, Mr and’ MraJ Agate, A stohard, New York; 4 Haber, 100 islana: Nd, Lecance, Paris; Mra ilaic, Caarieston; Miss Emily Billysrd, New Jersey; J & xidean, Havana; B Doros, syra- cuse; Mr and Mrs H Ht Barrow, Mr and Ms @ Jonseon, bearer ofdeapatches child and nurse, C Blancard, New Lork: George May, New Orleans; Mra Thos Stewardson. infant ead nurse; Jot Haines. Mr ant Mew W& Fleanng, W Horges, Philadel: phis; J Gravely, H Clay’, 3 © Clusp, New Orloana; stra rorker, DJ Orain, Mr and Mra R Mariia, G Bate ; 4. W Bramball, Newark; Karl Repecht New orleans; Daniel Foose, Mr and Mra fbilip Van Volkeu urght, Mra Joba Grave. by and children, Mr ana Mra} 'T Johneton, four children and two nurses, Now York; Mr Carriers, AJ’ Gnsgaca, New Or- Jeans; J is vrovin, & L Cumming, New York; M T Leavitt, London; A Lanterbach, Wir and Mra Samuel French and son, New York; W Burry, Jr. Liverpcol; & Ktmonds, New York; Afeut ( W Carr, United States arasy, Virginia; 1 Morris, Leo tard W Mack, ‘Mrs WJ Mack, Fredi Saaass, W Hnassitiue, Henry schmidt, bearer of despatches, Philadelphia; J Rt thei, Clacinnatt; J Hays, Philadelphia; A Eriedebarg, air Prendea, Mr Abusoly snd child, Havana: MM Myers, Phi ade}pbia; Wiliam Stephens Port Giuagow; J Hasson, New York; J UBinith co; Mr and Mrs Keruion, New Urleaus 8 Berbour, New York; J B Bells. Charleston; J A Bea, Tioruag’ ptewardeon, Jr, Philalelpbia; P Mall lew Orleans; AJ Crore, Charleston; J Conteaux, New Otleans; XK Grundy, Philadelphia; Jas D Milnor, Chirteaton; FF I, New York: La Chevalier ce Hulseman, Austrian Minister, Mayer. Philadelphia; Charice J Mitske!l, Moblie; 8 Lyoae, Focg’Revthg Rr Feinca! Goat: okt Far on New Yor! ‘endletor i ¥ ker, Now OnlesnayT Pamilons HR Hurxihal, Mobile; Hon NY Ross, Pennsylvania; AO Laning, Pennsylvania; Captain BC Clitz, USA; New York HY Le do; F Mayer and son, Natchez, § Saxton, New Yorks any borg, New Orléana, Mr and Mra ine, New Orloans; Mri Re ae naw Orckaa t Ereae Zadwnaak!, Washington; William Leigh. New Feucht, Cincinastl: H McKay, New York; V. Miunes, Havana; Mr Tillotxon’s' man servaat, DF Hutehia’ Chicago: Mr ton, Hogined; F Alvergne and son, New, Ori } Bs Tucker, eaild and servant Preetidant utkmenue; L Le Chambre, Paris. A Rin venlieh diy ir Casnon, Gor 6H Sh ; Iarnoa,” do; 04, Rew Work 8 Canonye, New Orleass; DJ Crain, New eect Richmond, As, In he seamebio, Ronnoko—O © De Jake 4a ail frou, De, Bartholomew—and 10 in the atecrages at te chil: For Favanaah fo the steamshiy Star of the South—t Mer obart. poor Stela, WO Newgeva, Miax F Fail, § Strant, WD Bowob, © L Robillard, Edwd Ashoy, A Stein, © Kin?! Jus Welltt—and G ta the atecrage, FINANCIAL AND COMMERCIAL, Weowmspay, May 11-6 P.M. The reader will find in another column a full acoouay Of the terrible panic, of April 28 and 20, on the London Exchange—one of the most remarkable cyouts that ever Occurred in that body. It appears that om tho 27th April the government of Vieana obtainod, at a cost it is said Of $100,000, copies of private offensive and defensive alliauces betwoea France, Russia aud Denmark. The details of these treaties having been telegraphed to Lon- don, they wore mot unnaturally construed as @ menace against England, the three allied Powors being in fact the leadipg maritime nations of the Continent, aud the priaci- pal point of tho treaties being a covenant on the part of Russia and Denmark to leud their fleets to the French im case of need. It was this prospect which caused the panic. Early on the 28th several heavy brokers fail- ed; this led toa general attempt to realize on the part of the solvent members of the body, in order to be pre. pared for contingencies; and prices fell at an unpreoe. dented rate, Consols, in which a fluctuation of 3¢ par cent is a subject of general comment, fell four per cent ia aday; tho Turkish loan fell 40 por cent; the Lombarde- Venitian Railway, an enterprise which in tho past three years has risen to 50 per cemt premium, fell to 60 dig- count; and speculative securities generally were unsale- able. Every man wanted to bave his means in money to be ready for accidents; no one wanted to buy; hence the cnormous depreciation. In the general crash, Ameri- can stocks suflored with other securities; indeed, being obviously seoure from the comtingences of war, they were naturally selected by brokers as the first assets to realise, because they were the most likely to dad a pur- chaser. The supply, however, exceeded the demand, and prices fell. Messrs. Bell & Son quote on the 20th :— Uiinois Central 6 per cent, 1875. sees TOOTH ‘© T per cent, 1876. Fe atl “ 1 per cent, free iand, 1860. 80 a 86 Mionig Hatta Sethe! eal ihe sips Pence fohigan Central convert per cent, 1860 83 a 86 or we 83 a 85 «(sinking fund) do., 1882, 83 a 86 «$100 shares... 45 a 60 per ©. 63 a 65 vst ‘ Wale ntral 6 per cen , AGAR. do aine centenarekepesasesecies: 81a 8s i 7 per cent, convertible, 1864.... 92 a 06 “ T per cont (sinking fund), 187 920 95 New York and Brie mortgage 7 pa i856 ao few York and Erie 3d mor r cont, 1883. 63 a e900 abated.svecsercecesscesesstesees 8 ®AD Peansylvania Central bonds, lst mortgage, con- erin Per cent.......+ 065 Ege i a = mort, 6 per cont, sterling, a “ $50eharen es 300 41 86 a 88 76 a 18 22 2 Tn refereace to Amorican stoc! ing Bros. & Co, re- mark :— American stocks continue without inquiry, but there are more gcliors. United etates 6's, new loan, 94; Mary- land sterling 68, 94; Pennsylvania 6's, stock, 80; bonds, 83; Canada 6's, 111 a 110; Nova Scotia and New Branswiok 678, 109 w 108, J. Satterthwaite says :— ‘Since our last a paaic has been experienced or our took market such ag was soarcely ever witnessed, Consols close 89 to 3¢ for money snd account. American securities are more Urmly maintained than any other claas, being chiefly | high lield by parties for investment to obtain terest, and who do not press them for sale. rate of in- ‘The rise of one per cent in the rate of discount at the | Bank of England gives rise to much speculation im the pa- pe The bank was expected to raise the rate to threo; but, under the influence of the goneral panic occasioned by the discovery of the Russian treaty, the diroctors seem to have resolved to move more rapidly. The return for the week ending the 27th of April gave the following results when compared with the previous week:— On the other side of the account:— Government Securities.£11,371,118 Unchanged. Other securities. 17,506 501 lucreage, Notes unemploy: 9,496,645 Decrease. The amount of notes in circulation was £21,938,626, being a decrease of £03,765, and the stock of bullion im both departments was £17,640,342, showing a decreas» of £410,933 when compared with the precoding return. The decline in specio was caused by tho shipments to India and Chios. The British government agreed a few weeks since to gend $15,000,000 in specie to India, to the eid of the colonial government; of this amount about Fy $10,000,0¢0 had been shipped when the Persia sailed. | There had beon, for some days previously, no large ar- rivals of specie from Australia or the United States. With a stock of bullion amounting to $88,000,000, aud the Coutinental exchanges firm, the Bank of Eogiand cannot be considered in a precarious position. Some of our banks have called ina few of their loans and ask higher rates of interest. It is the third or fourth’ time within a few months that an effort has been made to raise the rate of interest; this time the attempt is based on plausible grounds, viz:—the war panic and the advance in the rate of interest in London. It may safely be doubted, however, whether it will be more successful than the previous experiments in the same direction. Money, it must never be forgotten, rises and falls according to the relation of supply and demand; the banks have no more control over its value than the brokers. For money to rise in value at the present time, the demand for it must increase, Where is that increased demand to come from? Not from the brokers, for no one is borrowing on stocks. Not from the merchants, for the universal report of bill brokers is that paper never was so scarce, and until the fall, vory little new paper will be made. Not from the government, for it is actually paying off the old Treasury notes, without reissuing the new ones. Not from the farmers, for until tbe fall months they will require no money. If, then, the domand for money cannot increase, the supply remaining as large as it has been, how can an advance in the rateof interest bo sustained? Is it not obvious that if the banks call in their loans, private capitalists, depositors in these very bauks, will gladly step ia ani employ their idie capital? In the fall, or perhaps in July and Auguet, wi the fall trade creates an active demand for money among the merchants, and when money is needed to move the crops, it is quite likely that we shall seo mouey cousidera. bly higher than it fs. But until then any attompt on the pait of the banks to raise the rate—simp!y because the Bank cf England has done so—must end in failure. We quote call loans, in the street, at 4 a 434; paper, short, endoreed, first class, 434 a 5 por cent; first class endorsed, over Bixty days,5 a 6 per cent. Loans for four and six months are being made on reliable securities at 6 per ont. The etcamship Africa galled for Europe to-day, with $1,648,975 in ppecie on freight, mostly in coin, Exchange cloeed firm at previoug rates, viz.,1103¢ a 3{ for sixty day sterling bills (bankers'), 1105 a % for sight bills, and 5.10 41134 for francs. The business dono at these high rates was moderate, The panic on the London Stock Exchange, of which the advices were brought by the Pergia, was caught by the New York Stock Exchange this morning, as though the United States, as well as Great Britain, were menaced by the alliance of the Continental Powers of Europe, The most reliable State securities, Virginia, Missouris, and Tenne- Sees, were pressed for sale at a decline of 1 a 2 per cent.,| and the bear operators offered to sell these and all the, other stocks on the list at n concession from the lowoat) prices touched, for sellers’ options, Illinois Central bonds | for instance, declined 144 per cent; New York Central, 3! Michigan Central, 214 ; Harlem proferred, 13¢ ; Michigam Southern, 14; Panama, 1%; Galena, 1; and other stocke in proportion. ‘There was 00 prosaure oc stock on the market. No loans had boom! called im which could not be renewed at oquaty low rates. No unfavorable news from tho roads had been received. But the public were disposed to wait to see the result of the war imbroglio before buying; aud a leading’ operator having yestorday decided to sell out his stocks,| the market was flooded ata time when it could bear no} increase of supply. Common sense points out that the effect of the European war on the railroads of the North. and West must be in the highest degree favorable; that it most increase their traffic, enable them to obtain higher prices, and help them prodigiously in’every way. In the meantime the jobbers at the Board of Brokers continue to fell thege and all other stocks for the fall, as though there was not, and never could be, any value in any of thom. Rock Isiand 1s the only stock which resists the assaults of the bears. We understand that very many of the Dear operators failto make their deliveries in this stook, and are indebted to the indulgence of its friends for for- bearance; which, however, does not prevent their ham - mering it to tho best of their ability. It opened to-day at 5934, sold up to 69% between the boards, and closed at 6934 bid, Pacific Mail waa three per cent lower to-day. It in understood that the leading director and one of the heaviest holders of this stock has sold out, and Is about to connect himecif with the new Nicaragua Transit Company. Nogotiationa aro believed to be pending be- tween Vanderbilt and the company, but nothing has yet transplied with regardito thoir mature or their probable Tesult. In the afternoba there was an active business, and the market was steady at the lowest prices of the) morning. After the board, however, the sellers agaia| UA e1CKS oped heavy at tho following) ees