25 JULY 1863, Page 1

NEWS OF THE WEEK.

THE air is heavy with rumours of coming war. The Russian replies both to England and France are unex- pectedly haughty, and there is a marked disposition in Paris to urge the Emperor on to war. The Austrian Government has already expressed its decision to adhere to the Western Powers ; the Swedish Government has called a council of war to deliberate on the position; and the National Government of Poland has issued a secret circular, promising the insurgents speedy assistance. All these circumstances, coupled -with frequent accounts of new armaments in Russia, and of the movement of fleets towards Cherbourg, have depressed the -exchanges of Europe, and lowered the price of all securities. The balance of evidence tends toward a catastrophe, but the _Emperor is still at Vichy, and till he has spoken any opinion must partake more or less of conjecture.