The Sun.
London, England, 1855-05-15 00:00:00

rant any interference. If the Duke of Newcastle '
bad said t° me at the end of August that be could not
go on w7th the Ordnance department as it then
existed, I should have considered the necessity
of a change. The Duke of Newcastle gave
orders to the committee without taking the
responsibility. The transfer of the Commissariat depart-
ment from the Treasury to the War department took
place contrary to my opinion, ndth e late Duke of Welling-
ton thought it should not be taken from the Treasury. It
was not necessary, though desirable, that the Secretary
at War should be a Cabinet Minister. On the present
occasion it was very desirable, and that the officer be kept
as a means of controlling the expenditure of theartny. I
have no recollection of the details given as to the state
of Sebastopol and the Crimea.
His lordship's evidence being concluded, the room
was cleared ; and after about half an hour's deliberation,
the committee announced the evidence closed.

:1101\ EI( MARKET

CO it AI It ECIIL INTELLIGENCE.

CITY, Two O'CLOCK.

The Cotton Market at Liverpool yesterday
closed very firmly, and with a hardening tendency.
The sales were estimated at 20,000 bales, (2,000 of
which were taken for export, and 9,000 on specu-
lation), comprising 400 Pernam and Maranham, at
51c1. to el. ; 600 Bahia, at 6id. to 6g.d. ; 1,200
Egyptian, 6d. to Bd. ; 2,500 Surat, at 3/d. to sd. ;
and 220 Sea Islands, at lOgd. to ls. 11d. per lb.
The Railway Share Market was very buoyant, and
prices advanced to per cent.
How the war with Russia can ever be brought
to a conclusion while we feed our armies with our
gold is a problem which Statesmen may be able to
solve, but which men of business-are certainly not
in a position to work out. The alleged inconveni-
ence to our population of a cessation of the supply
of tallow or hemp from Russia can be as nothing
contrasted with the loss of life and property by a pro-
longation of the war, nor is it a hard task to dem Gn-
strate that we could procure supplies of the articles
just named, both from our own colonies and South
America, and that substitutes could also be found
in part aid. The question of allowing Russian
produce to be admitted here since its prohibition
would effect all that is desired in preventing the
transport through Prussia is again to be venti-
lated in the House of Lords ; but, we apprehend
that with the present indisposition to grapple with
what at a distance appears much more difficult
than it really is, the same fate will attend the
motion to be made as has resulted in similar cases
previously. This forms no ground, however, for
neglecting the discussion of the matter out of Par-
liament, and facts may acceptably be produced
whenever forthcoming.

The treaty of commerce between Holland and
Belgium has been duly signed, and the ratifications
have been exchanged. •

In the English Stock Market the business done
has been of very limited extent, but the quotations
are firm. The large majority for Ministers has un-
doubtedly some effect, the opinion being pretty
general that Lord Ellenborough's discretion is not
sufficient to make his adventlo office at all de'iir-
able. There have been transaAions in Consols at
88- to 89k for transfer, and 89 to I for account.
The New 3 per Cents. have been 88k to 1, and the
Reduced 874 to 88k. Bark Stock is flat at 203 to
2091. Exchequer Bills are 53. to 8.4., and India
Bonds 18s. to 20s. premium. The Omnium is 2
premium. $

In the Foreign Market there has been an ex-
tensive business done in Turkish Bonds at an a I
vance to 751 and 76k upon a rumour that a new
loan of 2,000,0001. is to be brought out, guaran-
teed by the Allied Governments, and that the ex-
isting Bonds will in some way be specially bene-
fitted by the new arrangement. Peruvian Stock is
at 67k. Spanish Bonds are nominal. Dutch 2i
per Cents. have been 63k. _ .

The following are the nominal prices of foreign
stocks :—Grenada Deferred Bonds GA to 7 ; Mexi-
can, 201 to 21 ; Peruvian, 67 to 69 ; ditto Three
per Cents., 47 to 49 ; Portuguese Four per Cents.,
41 to 43 ; Russian Five per Cents., 98 to 100 ;
ditto Four-and-a-Half per Cents., 87 to 89 ;
Spanish New Deferred, 18i to 18a ; Ditto 3 per
Cents., 361 to ni ; Ditto Certificates, 4 to 41 ;
Ditto Passive, n to 4.

This is "ticket day" in the Railway Market,
and the chief attention being absorbed in arrange-
ments for the settlement, the dealings are extremely
circumscribed. The quotations, however, are
generally higher. There is scarcely anything doing
in the Foreign or Colonial lines.
Mines are dull also ; the Joint Stock Banks, and
Crystal Palace are rather better ; and in the Mis-
cellaneous there is no particular change.

BRITISH FUNDS THIS DAY AT ONE O'CL:)

(From the Onicial List.)

'
-
Business done
II ink Stock
3 per Cent. Reduced Annuities Bl 7-e- 8
8 per Cent. ems°ls Annuities
New 3 per Cent. Annuities .. BBs 4 i
Long Annuities, Expire sth Jan., 1860
India Bonds, £lOOO . .
Consols :or Account, 30th May B9 i
Omnium
.Exchequer Bills, 24d.
21000 ... 5 8
2500 5 8
Small 5 8
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK
Peruvian Bonds, 4. per Cent.
Russian Bonds, 44 per Cent —
0,

Ditto Small
Spanish Committee Cert. of Coup. not fun 4
Turkish Bonds, 6 per cent 751 4
Ditto for the Account....
Dividends on the above payable in London.
Dutch Exchange, 2.12 per Cent.. 12
Ditto 4 per Cent. Certificates
HALF-PAST TWO.
Consols
Ditto, May Account

MARKET NEWS-(THIS DAY..
HAY MARKETS.

SMITHFIELD.—Meadow hay, 21 163 to 51 03 Od ; clove?
ditto, 31 Os to 03 ; and straw, 1./. 5s to 1/ 103 per load.
A. moderate supply and a steady trade.
CUMBERLAND. Meadow hay, 2/ 183 to 5/ 03 ; clove,
ditto, 3/ Os to 6/ 03 ; and straw, 11 6s to 11 12s per load.
Trade tolerably firm.
WHITECHAPEL.—Meadow hay, 21 17s to Os; clover
ditto, 31 Os to 61 03; and straw, 11 5s to 1/ 10s per load.
Supply tolerably good, and trade firm.