NEWS ITEMS.
 
TWO NEW PLANETS, belonging to the group of asteroids between Mars and Jupiter, were discovered on the 5th of this month - one of them by DR. R. LUTHER, of the Observatory at Bdk, near Dusseldorf, being the fifth new planet discovered by that indefatigable astronomer;  and the other by HERR GOLDSCHMIDT, of Paris.
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ELIZABETH M'INTOSH or SCOTT, who was convicted at the last Perth Circuit Court of murdering her child, has been reprieved, with a view to a commutation of the capital sentence to transportation for life.
 
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The 'Sydney Empire' records the admission of MR. HENRY CAREY, a clergyman of the Church of England, to practise as a barrister in the courts of law in New South Wales.
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FREE IMPORTS INTO SWEDEN. - BOARD OF TRADE, WHITEHALL, OCT. 15, 1855. - The Right Hon. the Lords of the Committee of Privy Council for Trade and Plantations have received, through the Secretary of State for Foreign Affairs, a copy of a despatch from her Majesty's minister at Stockholm, enclosing a copy of a royal decree, allowing the free importation into the kingdom of Sweden, until the end of May, 1856, of the following articles, viz:  -  Corn of all kinds, ground and unground,  bread of all kinds,  grains of all kinds,  maize,  rice in the husk, or paddy,  potatoes or potato meal,  butter,  cheese,  meat of all kinds;  animals, viz., oxen,  cows, and young stock,  calves, pigs;  pork, tallow, train and other oils of all kinds,  stearine;  candles of stearine, tallow, and margarine;  fish, salted, of all kinds, except anchovies,  sardines, and tunny fish;  fish, smoked or dried, of all kinds, except salmon and eels. ~ 'Gazette'
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THE AVERAGE PRICE OF WHEAT for the six weeks ending October 6th was 75s 11d per qr.  The average for the corresponding period of last year was 56s 7d.  Wheat is therefore 19s 4d per qr. higher than it was this time last year.  It was then a little above that mystical 56s, which, when we were in the lowest depths of agricultural distress, all looked up to as remunerative.
 
TOO LATE. - The 'JOHN O'GROAT Journal', referring to the suicide in Wick prison of a man named ALEXANDER LEITH, who was in custody there on a criminal charge, says : - "It is a remarkable circumstance that the Crown's order to release LEITH on bail, which arrived on the evening of the suicide, was detained two days by being mis-sent to Kirkcudbright.  Had it arrived in due course, the man would have been liberated on Monday morning.
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THE NEW BILLS OF EXCHANGE ACT. - A change in the law is about to take effect, which, in its bearing on the internal operations of English commerce, is likely to prove important.
 
From and after Thursday, the 24th instant, the Summary Procedure on Bills of Exchange Act is to come into operation.  The object of its framers was to remove all means of frivolous or fictitious defences to actions on bills of Exchange and promissory notes, and the decisive character of its provisions renders it necessary that every trader in the country should be well apprised of them.
 
A new form of writ of summons is to be issued after which the plaintiff may, in twelve days, unless leave to defend the action be meanwhile obtained, proceed to judgment and execution.
     Leave to appear is to be granted only on the defendant paying the amount of the claim into court, or upon satisfactory affidavits disclosing a legal or equitable defence, or the necessity for the holder to prove consideration, or such other facts, and on such terms as to security as to the judge may seem fit.
 
One summons may be made to include all the parties to the bill.  The act applies to England and Wales,  and not to Ireland or Scotland.
 
NEW YORK, OCT. 9 - The news of the partial failure of the grain crop in France, coupled with the heavy arrivals in New York of the new western crop, caused the largest operations in breadstuffs that were probably ever known in  one day in this place.  The business on Saturday last reached 450,000 bushels of wheat,  75,000 bushels of flour,   125,000 bushels of rye, and 100,000 bushels of corn, amounting to about 1,000,000 dols. about one-half known to be for export.
    The usual consequences of such a large demand followed - advance in price and fall in exchange.  As there is a prospect that breadstuffs will be exported in quantities, it is likely that the gold from California will remain in the country, and find its way to the west to pay for these supplies.  The only impediment in the way of large shipments is the want of vessels to transport them.
 
Freights have advanced, and in the natural course of trade, this want ought to supply itself.  Under these influences, exchange in London is at 8-1/2 to 9-1/4, and the banks show a gain in specie of nearly 1,200,000 dols., and a decrease in loans of 1,870,000 dols. during the week.
 
    The probable effect of a large infusion of gold into the Western States is worth consideration by holders of the State and railway securities of those States - how far it will increase the amount of land under the plough, and improve the character of the cultivation, and augment the bulk to be transported ?