LATEST NEWS.

Bruce Herald, Volume III, Issue 59, 25 May 1865, Page 4

LATEST NEWS.

Per Anglo-Indian Telegraph. Galle, April 22nd, London, April 25th. President Davis's Message to Congress declares that Richmond was never in greater peril. Sheridan continues his destructive raid with the greatest activity in the face of ' Lee's great army. An attack on Mobile is imminent. Great efforts are being made at Richmond to organise a Negro force. The Confederate Congress have passed the measures recommended by President Davis. He proposes, if necessary, to fire Richmond and to retreat. The Federal Government have withdrawn their notice of the abrogation of the Lake treaty of 1817. The Seward passport system ceases immediately. Sherman was advancing on Goldsborough, and Hardee had reached Whitehouse, He was continuing his destruction of railways with great activity. It is reported that all cotton taken will be immediately shipped to England. The Canadian Parliament has adjourned the Confederation scheme. New York papers of the 17th March state "that the Federal General Scholfield had occupied Kingstown, Bragg retreated to Woodsford. Sherman was within 20 miles of Richmond. Gold had declined to 166. •Monte Vedeo has given way in the straggle with Brazil, and peace has been restored. A London telegram, of April 3rd, announces the death of Richard Cobden. The plrgue is depopulating whole towns in Russia, and is travelling towards Prussia. Mr&. Theresa Yelverton has failed in her final appeal to law. The fort of Ferrol fired upon tlie Fede j ral steamers Niagra and Sacramento for Miteinpting to leave that port in persuit of tha Confederate ram Stonewall, within 24 after the latter had been ordered to sea by the authorities of Lisbon. An engagement between the Federal vessels and the ram off the Portugese coast was expected London, April 6th. The Confederates under Johnston have been victorious over Sherman. Galle, April 22. London, April 5. Tue following telegrams have been received in addition to those published yesterday:— . Messrs Kelson, Tritton, and Co., of London have failed j their liabilities are LQOO^OOO. The Lock^ont in the iron trade, in Staffordshire, has terminated. An important debate has taken place in Parliament on the Irish Ohurch question. Government admitted its unsatisfactory condition, but declined to legislate. Messrs Wilson, Ritchie, and Co., of: Coltfnahd; have failed j and with them has fallen the Galle house of Wilson, Clark, and Co. ' -~

The new Governor of Ceylon (Sir Eter= culus Robinson) had arrived at Colombo. Sir A. Horsford, X.C.8., is to be the new adjutant-general o f the Indian army. An increase in the export duty on rice to three per cent., and the imposition of a 3 per cent, export duty on coffee, are proposed in the Indian Budget. A tax of two per cent, is to be placed on sugar. The barque Margaret Davis* from Calcutta to Melbourne, with grain, has been lost off Middle Point. Tae captain, three seaman, and four passengers are missing. A plan is on foot at Bombay for a new electric cable from that port to Aden. The Indo-European line is somewhat uncertain even now, and at any moment may be in* ferrupted. The Indian markets are very much depressed, owing to the fall in cotton. The exporters must suffer a very heavy loss, considering that 380 rupes was about the ruling price here in July, August, and September last, and thatthe price now realised would hardly give 5d per lb., or about 100 rupees per candy. There are ' rumors of serious losses, and tha prospect of what is to follow looks very discouraging. Local native dealers will also suffer severely, and in the absence of demand for" their' stocks by other they are shipped freely on their own account. At Rangoon business is brisk. The harbor is full of shipping. In India, in the absence of speculators, money is accumulatirg, and the rates of interest are falling. Last weeK the directors of the Bank of Madras reduced theif previous rates to two per cent, all round. The value of Government securities and bank shares has improved.