The Express.
London, England, 1853-12-29 00:00:00

FRANCE.

.-- • -

PARIS, TUESDAY Evexixo.
The government,journals, thkeonstitutiontiel and
Pays, both contain paragraphs"thidently proceeding ,
from the seine official source, and intended as a con-
tradiction of the statement of a London journal that
Admiral.Dundas's desire to put to sea:after the battle I
of Sinope had been thwarted by General Baraguay
d'Hilliers exclusively. The Canstitutionnel says:—
"Some journals have commented in their own way
on the inaction hitherto displayed by the two fleets
in the Bosphorus, end have attempted to show that
there was a want of accord between France and
England. What we can reply is, that the two am-
bassadors at Constantinople had identical instruc-
tions, and that the line of conduct to be observed
after the combat at Sinope was adopted in common
between Lord Radcliffe and General Baraguay d'Hil-
hers." The paragraph of the Pays on this subject is
to the same effect as that of the Constitution-
nel, although not in the same welds. The
subject has lost some of its interest now
that the recent positive instructions sent out by
the two governments will relieve the ambassadors !
from the responsibility of exercising a discretion. It
may be observed, however, that although their
former instructions were identical, it does not follow
that they may not have differed about the construc-
tion of them. It may well be that the ultimate de-
cision was taken in common, and yet that the objec-
tion to let the fleets move, proceeded in the first instance
and more particularly from the French ambassador.
There has been great excitement to-day in conse-
quence of the last news from Constantinople to which
many people seem to attach greater importance than
reasonably belongs to it. The report, supposing it to
be true, amounts only at the utmost to this, that
the Porte does not insist upon the evacuation of the
Principalities as a preliminary to negotiation. I
mentioned to you several days ago that the Turks in
Paris did not suppose that the Sultan would reply to
the Vienna note of Dec. 5 by an absolute refusal,
but I at the same time expressi d a confident opinion
that it would not consent to the required armistice.
Bearing in mind the great amount of pressure that
must have bees put up-in the Sultan by the ambassa-
dors in pursuance of a policy now—as we have
good reason to believe at least—happily changed, it
will not be surprising if some sort of complimentary
concession to the conference shall have been wrung
Pram the Sultan's government. But, when, in the
words of one of the despatches, people talk of his
" acceptance" of the Vienna proposition, it is for-
gotten that, beyond the proposal for an armistice,
which we may assume to be refused, the only pro-
position made was that the Porte should say upon
what terms it would make peace. The latest news
leads to no presumption that these terms will imply
a waiver of any of those inadmissible conditions upon
which Russia has all along insisted, or that the so-
called acceptance will in any way neutralise the
last instructions sent to the fleets.

The Leonides, which left Constantinople on the
13th, has arrived at Marseilles.
The Bourse has been in high spirits to day. The
telegraphic despatches from Constantinople Zalready
known in London), announcing that the fleets had
not left on the 13th, and that the Porte was disposed
to negotiate produced each an effvet that the rente,
which left off yesterday at 73fr. 75c., opened
at 74fr. 30c., and speedily sprung up to 74fr. 33e.
But the first telegraphic despatch from London
bringing Consols at 934, 4, without change from
Saturday, people began to have less confidence in
their own construction of the news,..and there

was a~
slight retrograde movement. The second
quotation, however, reporting that Consols had risen
gave a smart stimulus to the disposition to buy,
and the rents ran up to 74fr. 80c., and closed at
74fr. 70c., with a rise of 95c. A report that
the Moniteur of to morrow would contain an
official intimation that the Porte had con-
sented to negotiate on the basis of the last Vienna
note, added to the firmness of the market. Bank of
France rose 4fr.; Credit Nlobilier, 17fr. 50c.; St.
Germain Railway, 12fr. 50c.; Orleans, 201 r.; Rouen,
1 lfr. 25c. ; Rouen and Havre, 7fr. 50e.; Northern,
17fr. 50c.; Strasbourg, 16fr. 25c. ; Lyons, 15fr. ;
Lyons and Mediterranean, 151 r. ; Southern, 14fr. 75c.
All the hues without exception were higher.