GREAT BRITAIN – On the 16th in the House of Commons, Mr. Layard said the Government had received from Lord Lyons, a copy of the report of a Committee of the House of Representatives of the United States, on the operations of the reciprocity treaty, and no objection made to laying it on the table.
The Times editorially says the advantages gained in the West by the Federals, have been such as it is impossible to over rate, and are in singular contrast to the slow progress in Virginia. It also expatiates on the capture of New Orleans, and says the North has a right to presume that the hour of final success is approaching. The Times also says that the rebels are apparently as determined as ever but from the manner in which the military leaders have allowed themselves to be worsted on the Mississippi, the confidence of their people and foreigners must be shaken in their ultimate success.
Queenstown, May 18 – The Paris Bourse cloudy but from at 70½ to 80c for rentes.
The Spanish authorities in Mexico had notified President Juarez of their intention of leaving the country. Juarez responded by eulogizing their conduct and offering them complete satisfaction.
American securities in London showed increased heaviness.
The Morning Herald of the 17th believes the Confederate retreat from Richmond will be found a piece of masterly strategy to gain time when every week’s delay is of the utmost importance, compelling the enemy to keep up positions at a greater and greater distance from his base of operations, thus depriving the enemy of his chief source of strength and aid of the gunboats while they obtain a perfect concentration of the whole Confederate army in Virginia around Richmond, so rendering each Federal corps de armie converging upon the southern Capital exposed to a crushing attack from overwhelming numbers. Richmond must be defended at all hazards. It is universally admitted here that if that city fall[s] the Confederate cause on the eastern seaboard is lost by the Confederates. It is hoped, no doubt the Federal victory will occur so late in the season and the victorious [sic] army so shattered that the time required for reorganization, will make further operations this summer impossible.
The Times remarks it would be mockery to ask Lancashire to send ships to Beaufort for cotton now that the great empire of the Mississippi where millions of acres of cotton growing lands are in the power of the Federals. It is therefore an obvious policy to trade with New Orleans to get further supplies of cotton for the wants of Europeans of planters who still assert their allegiance to the Southern Republic.
LIVERPOOL, May 17 – Breadstuffs Market – R & Co & W N & co report flour dull and declined 6d@1s per bbl. State 24@30s. Wheat dull and 3d lower per cental since Tuesday red western 9s 9d@10s 6d, red southern 10s 9d @11s white southern 12s@12s 6d. corn dull and declined 3d@6d mixed 27s@29s 3d yellow 27s 3d@27s 6d white 32s@32s 6s.
Provisions. – Beef nominal and downward. Pork quiet and easier.
LONDON MARKETS – Wheat heavy and declined 1@2s per quarter.
American Securities. – Market firmer, sales Erie 33¾ Illinois Central 47 discount U S 5 s 89@79½ Massachusetts 5 s 95 Virginia 6 s 52@ 54 Pennsylvania 5s 70 d0 6 s 72@74.
LATER.
LIVERPOOL, Saturday Evening – The Persia has arrived with American mails. The new was generally canvassed, and opinions are conflicting.
Cotton for a time was dull and difficult of sale.
Breadstuffs – Market dull. Corn firmer for mixed.
Provisions – Flat and downward. Lard has an upward tendency and trifling advance.
LONDON, Saturday evening – Consols closed 93¼@93¾ for money.
American Stocks – The latest sales were Erie 34@35, Illinois Central 44@43½ discount.
– Published in The Burlington Weekly Hawk-Eye, Burlington, Iowa, Saturday, May 31, 1862, p. 3
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