LONDON WOOL REPORT.

Wellington Independent, 27 October 1860, Page 1

LONDON WOOL REPORT.

August, 1860. Notwithstanding the continuance of bad weather, our sales have progressed on the average with remarkable uniformity — a circumstance confirming the healthy position of the manufacturing interests and the generally satisfactory state of trade, considering the jeopardy in which even yet the harvest is placed, aud the probability of a high range of prices for provisions during the coming winter, coupled with every probability of dear money, it must be matter of congratulation to importers that their produce has been quitted at the average good prices, and evidences great confidence on the part of buyers to clear woojl t,o the extent ' o* 2,250,000 lbs. Sales have so far progrossed that 80,000 bales have passed the hammer, and although occasionally discretion has been exercised by the broker selling, yet the merchants may be said to have met the market freely, it is not expected that much alteration will take place now in auction, but the contiuuous fall of rain is causing buyers to curtail extensive operations, and were it

not that many manufacturers, are buying who did not attead the early sales, prioes might have given way about three-half-peuoe. All the better classes of wool have met with steady competition, and j have sold well, fnferior s;»rts, particui larly the half washed ill-bred New Zea- ' land, which sold at relatively low prices,. being in excess of the requirements of 1 the trade. The following telegram, per Salsatte,! was received last evening by Messrs. Raymond and Co.: — Wool Makkkt — Prices well sustained. 80,000 bales sold. Good qualities sold well j inferior qualities at relatively lower rates. Hides: 28,000 salted Australian offered. Greater portion sold at a decline of a farthing to a half-penny. Tallow, fair demand. 1 1 casks, ex Kent, sold at 435. per cwt. (From the Sydney Morniug Herald. By the Saisette we have received our correspondent's letters from London and Paris, which will be found below. London, Saturday, Aug. 4. Tho " great event " of the day is the publication of a letter addressed by the Emperor to Count Persigay, the French Ambassador in London, but which • is taken in the light of an address or letter to the people of England. It is a most remarkable letter in many respects, It is plain, open, candid, and English in tone. Its intent is to disabuse the public tnihd with respect to the alleged intentions of the Emperor. \t expi esses his S\ ajesty's desire for the continuance of the English alliance in a manner so unroistakea .ble, that from first to last it commands attention, respect, and confidence. Little effect has been produced by this letter. | The terms of the intervention iv the affairs of Syria have beeii definitely ar- | ranged — the result being that the foreign troops are to act in unison with tho c of Turkey, and to remain only so long atSj the Porte deems it advisable. i The massacres at Damascus ceased on the 17th July, after from 3000 to 4000 persons had been killed., The massacres lasted eighty hours : 6000 houses of Christains had been destroyed, and the Jewish quarter burnt, and the Turkish houses iv which Christian women sought refuge were burned and the soldiers drove the Christians into the flames of the burning bouses. Agitation bad spread in Bulgaria, and an organised conspiracy to massacre the Christians has been discovered, and iv Constantinople Christians have been subjected to such outrag?" th« r i military measures had been necessary to prevent greater outbreaks. I M. Thouvenel has addressed a despatch to the five Great Powers, demanding the admission of Spain to their Councils as one of the great Powers of Europe. This is Spauish arrogance with a vengeance, the attempt of the frog to puff heiself out to the size of the bull. Our Government will not sanction such a thing. The Prussian Official Gazette says, that the late meeting of the two soverigns at Topliz has bad the desired result, that by it Europe will obtaip fresh guarantees /oi i the maintenance of public peace, and the respect of the equilibrium. Garabaldi is now preparing 300 vessels at Messina to transport troops to the main land ; while it is said that the Neapolitans are demoralised, and refuse to fight. Au insurrection has broken out at Avelliuo, near Naples, when the '•' for eign troops " fired on the people, aud plundered several houses, aud they are to be disbanded. A Naples paper has appeared under the title of Garibaldi and, the whole Neapolitan press is bold and fearlesß in tone. Bills have been posted about Rome announcing the approach of a revolution Subscriptions for the sufferers by the Syrian massacres are being got up in aU the countries of Europe. The visit of the Japanese ambassadors to America has cost a large sum; their ten days visit at New York cost that city £20,000 ; their hotel bill alone being £14,000. Honduras was to take formal possesion of the Bay of Islands on the 30th June last, whet) the people intended to oppose the transfer by foroe of arms. Tho Prince of Wales arrived at St. John's, Newfoundland, 23rd July. Lord Dufferin proceeds as the British commissioner to Syria. There is to be appropriated for the national defences, between Ist August, lb6o. and Ist August, 1861, as sum of £4,960,000. The whole of the steam vessels of war now lying iv harbor at Royal Dockyards are to be flitted for steam reserve ordinary, to be ready in case any sudden emergency should arise for their immediate use. London, Saturday, August 1 1. The representatives of the Groat Powers aud that of Turkey have signed a protocol to the effect that 12,000 European troops shall proceed to Syria, of which France is to furnish one- half of the number, aud the remainder by the other powers ; and when r«?q«ired, their stay it) Syria uot to exceed six mouths. 1 The Great Powers declare that thev-have ■ no desire or intention to seek for any 1 territorial advantage, the objeot of the expedition being the pacification of Syria. | Ahmet u Paoha, the Gqyernor T Gene,rjal ' of the Province of Damascus, has been degraded and sem to Constantinople for trial, along with 400 other persons, jm--1 plicated in the massacres. If found guilty, they are at once to be executed. > It appears that 3000 Christian women have been sold at 25 piastres each, for > the harems of the Mahometans. A conspiracy against the life of the

Grand Vjzior has been discovered^ and a general and. great pauio prevails throughoat Turkey among the Christians. Damascus is quiet in the city, but mnrders are still committed in the country. The first division of the French troops sailed on Thursday from Toulon for ' Constantinople. Garibaldi has been invited to Naples by the Garibaldean committee of that city, to assume the direction of the Government. Two of the King's troops at Naples had revolted and desertions were frequent. The King it is reported is about to enact that any Italian shall be able to sit in parliament, if eligible. There is great agitation in Rome. Prince Gortscakoff has addressed a circular to the Russian diplomatic corps abroad on the subject of Turkey, to the effect that the Russiau Government thinks matters in Turkey have oom£ to* such a state as to endanger the repose of the E ist, the existence of the Ottoman Government, and the general interests of Rurope, and, therefore, by order of the Emperor, he has proposed to the representatives of England, Austria, France, and Prussia, at St. Petersburg, that the five great Powers shall at once issue a declaration that they can no longer tolerate existing effaira, and ca!l upon Turkey to give substantial guarautees calcula<ed to satisfy the complaints of the Christian Provinces of the Porte. France has issued a decree allowing of the importation of wool through any custom stations in France. At the Review by the Queen of the Scotch Volunteers in Holyrood Park, on Tuesday last, 21,514 men were under arms. London, Saturday, August 18. As soon as tranquility is effeotually restored in Syria, it is the intention of the Great Powers to take measures for effecting the nocessury administrative reforms in the Government of Turkey. There is to be an Indian loan of £3,000,000. Naples has»been deolared in a state of si^ge. Garibaldi, with 8000 men, is reported to have diseaib irked near Reggio on the 10th inst. ; but this is helieved to be untrue. Garibaldi was in Naples on the 4th instant, and had a conference with the principal inhabitants as to his proceedings on the main land. It was decided to await the assembling of Parliament, the election for whioh was to take place on the 19th. The refugees are the persons nrafarred. as oandidales »v.*ue electors, and they openly declare themselves for the annexation of Naples to Piedmont. The Count of Syracuse, the uncle of the king, has openly declared himself in favour of annexation to Piedmont, and expressed his readiness to declare himself the first subject of the King of Sardinia. The Count of Aquila, another uncle of the king, an advocate, for liheral institutions, has been oxiled by the Government. There is also a report that Garibaldi intends to attack Austria on the Crotia coast, and that he will provoke a revolution in Crotian and Hungary before he attacks Veuetia. I have reason to believe that all this is mere idle gossip. The embarkation of French troops for Syria is proceeding with all despatch at Toulon. Lord Dufferin, the English Commissioner left Marseilles on Saturday last for Beyrire. Portugal is about to revise her commercial tariff by liberal reduction in the duties. r The King and Queen of Norway were crowned at Drsutheira on fitb instant. Prussia is said to have refused her consent to Spain being admitted as one of the great Powers of Earope unless Sweden be admitted also. The following engagements are declared to have been entered into betweeu the Prince of Prussia and the Emperor of Austria at their conference at Toplitz : " I. The Prince Regent and the Emperor uudertake to firmly hold together j on the Eastern question, on the ground of the Treaty of Paris ; to prevent everything that can effect the integrity of the Ottoman empire, and to confer on this subject wiih the Cabinet of London., 2 In the home question of Germany, Austria makes some important military concessions, and engaged to make no opposition to the liberal reforms indeutified with Pussiau policy in the internal questions of Germany. 3 With regard to Italian affairs, the Prince of Prussia recognises the possession of Veuetia as of reui importance to the Austrian empire ; but declines all engagement on this head as loug as the Italian movement is restricted to the Italians themselves, if, on the other hand. a foreign Power takes part iv it, the Prince Regeni undertakes to lend Austria the support of the Prussian forces, 4. The Prince Regent undertakes to employ all his good offices and personal influence with the Emperor Alexander, to bring about a reconciliation between Russia and ' Austria." The Emperor of Austria has sanctioned the formation of the Society for the reestablishment of the Christiau Orthdox Faith in the Caucasus. There is still much excitement in the Turkish dominions, with rumours of various conspiracies. About 800 persons have been airested in Syria, complicated in the late massacres, including the principal civil and military functionaries. Prince Daniel of Montenegro has been assassinated by a native. The visitors to the Great Eastern at New York were most numerous, and about £20,000 is said to have been taken ; but in an excursion to Cape May the stewards got drunk, the passengers were

not attended to, and were so badly treated, that an indignation meeting was held on board, and the affair denounced as a gigautio swindle; and the excitembut about ber had subsided. The Prince of Wales arrived at Halifax 30th July, and was received with the most enthusiastic demonstrations ot loyalty. The Irish volunteers for the Pope's Brigade are returning in numbers from Rome, in consequence of the severe hardships they endured. The Grand Duchess Anne of Russia, sister of the Duchess of Kent, and aun> of the Queen of Eugland, died on the ! sth instant in Switzerland. « London, Saturday, August 25. The present King of Dahomey is about, according to national custom, to sacrifice 2000 human beings in memory of his father, the blood of whom is to be drained into a tank until a boat can be rowed in it. About 5000 persons of hostile tribes have been seized, and the old persons are to be bled to death. This is true. Lord Palmerston, in reference to the aflfair, said that Government had made endeavours to persude the King of Dahomey to abandon this inhuman intention, but the great obstacle 1.0 success in these endeavours was the slave trade carried on by civilized countries. All the young men and women and children of the above 5000 not slaughtered, are to be. sold as slaves. As regards the Syrian massacres, Lord Palmerston said that Lord Dufferin will take steps to procure the liberation of the Christian women confined in the harems, and would, in concert with his colleagues, suggest what system of Government would conduce to the happiness of the people, and prevent the recurrence of these frightful massaores. That the Turkish Empire could not be partitioned without an European conflict, or without endowing other states with territory to the prejudice of Great Britain. The' Red Sea Telegiaph is a failure. Lord Palmerston stated that the Pasha of Egypt has been induced to take a great number of shares in the Suez Canal scheme— one of the greatest delusions of modern times. • The Ministerial white-bait dinner took place on Wednesday last, at the Trafalgar Hotel, Greenwioh. Parliament will be prorogued on Tuesday next, by Royal Commission, her JVJ ajesty being at Balmoral. The Emperor and Empress of the French left §t ; Cicud en Thursday, mi a visit to the new departments of Savoy and Nice. The Count of Aquila, uncle of the King of Naples, has arrived at Marseilles, ea route for Paris, having beea exiled in consequence of a conspiracy to dethrone his nephew and obtain the crown, under a constitution of a liberal character. The French Government are about to decree the importation of corn and flour until 30th September, 1861, free of duty, and the vessels laden to be free of duty; in consequence of the prospects of the harvest, which from heavy and continuance rain for months, and absence of sunshine, are endangered. The London millers have forced up the price of town made flour this week no less than 75., and our harvests are in jeopardy from the same cause. A monetary panic and a commercial crisis threatens us. Money is firm at 4 per cent., and although gold has been going into the Bank this week, it previously in four weeks lost nearly one million, and must inevitably decrease, as extensive orders for corn and flour have been sent to America, Spain, &o. Matters in this respect look serious indeed. Considerable embezzlements have been discovered in different Government offices of Spain ; but nothing of a character equal to those of Austria sometime since. The youngesjysister, aged 16 y^ars, of the King of Portjfffa'l, has been married to the Prince Leopold of Hohenzollern Symaringen, brother of the late Queen of Portugal. s Acoounts have justcome from Switzerland that three Englishmen have been lost on Mont Blanc. A oommittee of twenty-one members of the Council of the Empire of Austria have adopted, by a majority of 18 to 3, the political programme of the Hungarian members, for all the provinces of xAustrian empire. This indicates the spread of liberal institutions. The Austrian Government are making preparations for the reoeption of the King and Queen of Naples, in the event of their being obliged to leave their kingdom. Au Austrian flotilla has been scut to Naples for their disposal. The Revolution in Italy—Garibaldi landed in Calabria 19th instant, with a foroe of 3800 men ; at Melito, twelve miles off Reggio. Auother body of 6000 landed at Capedelle 4?ose ; anj) another body, in 130 Sioilian vessels, landed at Bagnara. . They united and attacked Reggio, and out the telegraph between that place and Parma. A revolutionary movement has commenced in the Provinces of Basilioata, and a provisional government established at Pioenza. Two battallions of the Dragoons, aud several artillerymen at Foggia, have joined the insurgents. The Neapolitan army is concentrated at Montelione, and a general battle is considered imminent, Sir Henry Bulwer has made representations to the Sultan respecting the dangers which threaten the Turkish Empire, and great reforms are talked of. and, as usual, will only be talked about. Fanatical emissaries are traversing the Turkish Provinoes, calling on the faithful to rise in defence of the Cresent, and represent the Sultan as a degenerate

Prince making common cause with theGiaours. At fialbek ihe fe oo ous motm* laineers have again attacked the Christians [t is understood that Government intends to purchase an estate far Lord Clyde, in consideration of his servioes in the Crimea and India; that of Harveston and Castle Campbell is the one selected. Of course it is in Scotlaud. London, Monday, August 27. The intelligence regarding Garibaldi's movements is to the effect that he bad on the 21st instant gained another victory over the Neapolitan troops. General Cosenz with a considerable force bad crossed the Straits at Fuimicio. The port of Regglo capitulated an the same day, and the garrison was to leave with muskets en 1 personal baggage, and the Villa San Giovanni had been occupied. Two Neapolitan Brigades have surrendered to Geneial Cosenz, and the Garibaldian?, are masters of their artillery^ arms, Sen., and of the Fort del .Pizzo His Majesty the Emperor of the French in reply to an address from the Chamber of Commerce at Lyoijs> said — "I thank you for the manner iv which you appieciate my 'efforts to augment the prosperity of France. Solely occupied with the general interests of the country, I scora all that cau offer an obstacle to their development. Therefore the unjust distrust excited beyond the frontiers, as well as the exaggerated alarms of selfish interests at home, find me insensible. Nothing will make me deviate from the path of moderation and justice which I have to this day pursued, and which maintains France at that degree of grandeur and prosperity which Providence has assigned her in the world. Give yourselves up, therefore, with confidence to works of pence. Qur destinies are in our hands. Frauce gives to Europe the impulse of all great and generous ideas. She bows not before the influence of evil ones but when she is degenerating, and believe that, with God's assistance, she shall not degenerate under my dynasty." ' As an indication of the state of popular feeling in Naples, and the sentiments" of the people — it appears that the king, in order to gain some popularity, paraded the streets on horseback, and with the view of raising the ciy of "Vive le Rei," threw a large coin of gold to one of the lowest grades of beggars, and who, m reply, cried out as desired, and in return the king saw him destroyed by the people for so doing. The star of the king is surely, setting. All the weak parts of Italy will assuredly proc'aim their independence, but Austria will sat sanction Venetians following suit, nor allow any attempt to be made without a fight ; this she has declared, and it is questionable if Garibaldi will do more than conquer the Neapolitan dominions and those of Rome — when they will proclaim iv favor of annexation to Piedmont, whioh will then become a powerful and first-rate Stale; and finally no: doubt, will oome in collision with Austria for Venetia. From the state of affairs in the East it appears very plain that with a man like the present Sultan on the throne, nothing else than the dismemberment of* the State oan be expected ; but as it will nol be accomplished without much opposition and support by rival interests, a fearfu war is likely to ensue for the settlement The trade of the country is extremelj dull ; and, with the present aspect ol Continental affairs, the Emperor still nW being trusted— the weather, and the prospects of the harvest, there is no likely to be any change for the better. Consols are fiat at 92f to $. TRY FiT.RttTRTf! Tur.Bfillinn.l