The Sun.
London, England, 1855-12-13 00:00:00

FRANCE.

PARIS, WEDNESDAY EVENING.
IYe have no intelligence of the fall of Kars, ex-
cepting that telegraphed to the French journals
from the London papers.

If the intelligence received here from Russia be
correct, we shall soon hear of the bankruptcy of
many Russian commercial houses, who would have
long since closed their establishments, but from the
hints they received from Government authorities
not to do so. _

The most melancholy accounts are given of the
state of the Russian armies. Decimated by disease
and badly fed, it is said that the winter is looked
upon with great anxiety by those who have had
great faith hitherto in the triumph of Russian
prescience.
We read in the I'ays :—" Several Germans have
been recently serving as amateurs with the Rus-
sians in the Crimea. Two of them have just arrived
at Berlin, where they at once became objects of
great curiosity. One of them has just come from
kiimpheropol, and the other from Kars, which place
he quitted the day after the unsuccessful assault,
and he crossed the whole of Oircassia. About tha
middle of October, the state of things at Simphe-
ropol was pretty tolerable. The troops were natu-
rally a little discouraged by so many defeats,
but there was no want of provisions, and Imperial
recompences were lavishly distributed. It is be-
lieved there that 140,000 Russians perished during
the siege of Sebastopol, and that 30,000 have been
crippled for life. The best officers have disap-
peared, and have been replaced by young men, not
less brave, but very inexperienced. Sebastopol is
about to be declared a holy city. The soldiers who
have left it have almost all of them in their knap-
sacks a bit of wood, a stone, or the splinter of a
shell coining from the sanctuary,' as Sebastopol
is now called in Russia, which they send as precious
relics to their families."

A. Paris letter, in the Independanoe of Brussels,
says

"The Council of State has the budget of 1857 now
under examination. The Government has hastened to
present this document, in order to give time to the dif-
ferent committees to examine all the branches of the
various services. It is feared that notwithstanding some
reductions on the general service of the Ministries, the
total amount of the budget will still have to be increased,
in addition to the extraordinary expenses of the war.
The service alone of the Ministry of Finance will have
to support an augmentation of more than 76 millions.
The public debt in consequence of the loan of 750 mil-
lions receives for its part an increase of 4i millions of
4} per cent. rente, and of 37 millions of 3 per cents. add-
ing to this amount 11,600,000 francs, representing the
hundredth part of the nominal capital of the routes to
be inscribed as sinking-fund, we arrive at an increase
which for the public debt alone will not be less than 53
millions. The dotation of the Legion of Honour figure-:s
in the budget of 1856 for 2,795,000 fr. In that of 1857
it will stand for more than 4 millions. This increase is
indispensable, to meet the pay due to the new nomina-
tions made in the Legion of Honour and to the Mili-
tary Medals."

ri`h© Tourville a'ld Duquesne, French line-of-
battle ships, arrived at Brest yesterday from the
Baltic. They left Kiel on the 6th, in company with
the English squadron, under Rear-Admiral
Dundas.

The Dordogne, screw-transport of 1,200 tons,
left Marseilles yesterday for Algiers and the Bias
Sea.

BOURSE, Dec. 12, Two o'clock.—The news of the
surrender of Kars to the Russian army, and a
heavy tall of g on the English Consols, have para-
lysed the favourable influence of pacific reports ova

the French Three per Cents. There was, however,
a great resistance against the downward movement
of the funds, and when the Threes had been quoted
at 64f. 55c. large purchases were made, and prices
rallied to 64f. 70c. The Mobilier were done from.
1,282 f. 50c. to 1,290 f. This company have an-
nounced the payment of 25f. per share on the Ist
of January. The Railway shares were without
important variations.
Half-past Three.—Threes rallied at the end of

the market. Railway shares were heavy, as the
speculators were making preparations for the next
half-monthly account. The following are the last
quotations :

Cash. fr. 5. End of Month
4i per Cents 9l —f. -e.
3 per Cents 64 35 64 80
New Loan 65 25
Bank Shares 3200 Rem in
Credit Mobilier 1290 Austrian
Belgian Fives 94i Spanish Threes
Piedmontese B6 75 home Debt

81/
83
394
33i

RAILWAYS—TOR CASH.
•
fr. c. c
Orleans ll2O Western 71',5
Northern
Lyons
Mediterranean 1217 50 Grand Central SS3 75
'irons Geneva — 'Testa
Catte 697 50 Austrian C0rn....... 725