The Sun.
London, England, 1855-08-21 00:00:00

LITTLE HARRY AND HOMILY.

Should Homily be numbered among the missing, then
for her I must substitute VANDAL.
The little-thought-of division may produce two formi-
dable competitors in LA BELLE and BOLTON. This
opinion is, it must be understood, merely founded on
the fact of their being leniently handicapped.
Odds are freely betted on Fandango for the Great
Yorkshire Stakes, and the betting in this instance may
be regarded as a sure indication of the result of the race.
The running for Earl Derby's Plate will be materially
influenced by the result of the racing on Weduelday and
Thursday. The " lot " which lat prasent fancy com.
prisesllospodar, Ammonia, Ellerntire, Fanny Grey, and
Lilly. The other events I shall not touch upon, as all
opinions respecting theta can only, after all, resolve
themselves into guesses.
Aug. 21.

A FRESH MAN.

MARKET NEWS.-(THIS DA Y.)

HAY MARKETS.

slarrinnsrx.—Old meadow hay, 41 lOs to 6/ 10s ; new
ditto, 4153 to 61 003; old 41 53 to 6/ 12s ; new di ;,to
4110: to 6163 ; and straw, 11 4s Od toll 9s Od par 10a.3.
Trade rather dull.
CUMBERLAND.—OId meadow hay, 4/ 53 to 61 123 ; new
ditto. 41 Os to 61 6s; old viov 7, 41 5s to 6/ 103 ; and new
ditto, 418 s to 61 Os; and straw, 11 5s to 1/ 108 per loa:i.
A slow trade.
WHITECHAPEL.—OId meadow hay, 41 8s to 6110 s; new
ditto, 41 Os to 61 Os; old elov..r, 41 8s to 61 12s; new
ditto, 415 s to 6103; and straw, 11 4s to 11 94 per load.
Trade heavy.

COLONIAL.
TEL—The market has been very inanimate, and com-
mon congou is dull at BAd per lb.
SUGAR.—The quantity advertised for public sale is
rather large, but the market continues firm. There has
been a good demand for foreign, both for consumption
and exportation, at previous rates. Low good fine yellow
Havannah rules cheaper, duty paid being at 37s to 40e 6d.
Colonial is wanted, and sellers require rather higher quo-
tations than last week. Refined home goods have been in
demand at firmer prices. Brown lumps 47s 6d, and low to
fine grocery 48s to 53s per cwt. There were landed last
week at the East and West India Docks 1,210 hhds, 109
tees, 450 brls. There were taken for home use 1,328 hhds,
105 tees, and 543 brls. The stock is 9,632 hhds, 919 tees,
and 2,447 brls.
COFFEE.—Fine Plantation Ceylon has hem in more de-
mand and rather dearer, the supply being limited. In the
low sorts but little has been done, and previous rates are
current. Native is dull. Rio afloat is 36s to 38s per cwt.
RUM.—There were landed at the above docks last week
691 puns, 8 hhds ; there were taken for home use 128
puns, and 11 hhds, and exported 485 puns, 299 hhds. The
stock is 9,950 puns, 530 hhds.
COTTON.—There is some disposition to buy at former
terms.
On Saturday the tallow market declined 3d per cwt, in
consequence of the confirmation of the news efithe success
of the Allies in the Crimea and the Baltic. Why these
successes should depreciate the value of one article we
are at a loss to discover. It is suggested that they
bring us nearer to peace ; if so, we should find the
supplies of tallow very short this coming winter,
because however soon peace were made now no 4E-
-1 rect shipments could be expected this season from Rus-
sia, whilst the fact of peace being certain would
deter merchants from undertaking the expensive overland
1 journey through Russia. However our own view is that
peace will not be expedited by the presents reverses of
1 Russia. The market has been quiet all day and very little
business has been done. We leave off, on the spot, now
56s 3d ; old, 54s 6d ; Oct. to Dec. 55s 3d to 6d. Separate
1 months 55s 6d to 9d. The stock of " sorts" is small, and
prices are family supported, especially for South American.
quote thus :—sheep, 55s tobeef, 54s t o
South American, 53s 6d to 56a. The price of oil is well
sustained, and in most cases there is a tendency to ad-
vance,

K Dupin, sen., is about to bring out A ssooncL
volume of his "Memoirs."
"If all Europe is at Paris," says a letter of the 15th,
from Baden, " all the Parisians are upon the Rhine.
Never have Ems, Wiesbaden, Hamburg, and-Baden
received more visitors. As many as 28,000 visitors
pione4 tkougt, tli;§ ctity t4e iarrt tro yes3.'!.
-

Upon the announcement of the loan having been
taken at a price as high as 104, the speculators who
had previously been dealing in it at 3 premium were
greatly disappointed, and the first regular quotation for
the scrip was 1 premium. Subsequently numerous
sales by the holders of small allotments caused a decline
to premium. From this, after some fluctuations, there
Ives a recovery to 1 to 1, which was the last official
quotation. A large purchase was subsequently made at
1;,, and the latest transactions were at lik to 1.
The course prices have thus taken indicates that the
rate offered by Messrs. Palmer and Co. was about
that which the speculators anticipated when they dealt
in the scrip at 31 premium. Much of the flatness
in the first quotations this morning was caused by
the impression created by the wide difference between
the two tenders that the terms given were perhaps more
than 2 per cent, beyond what had been necessary.
When, however, independent calculations came to be
made of the real value of the stock—judging from the
prices of Consols, Exchequer-bonds, and other securities
dependent upon the credit of Great Britain—a more
favourable estimate prevailed, and the market assumed
a firm appearance, which was increased by the under-
standing that some of the later purchases were on ac•
count of insurance companies and other establishments
seeking permanent investments for large amounts. It
appears that at the present rate of money the delay' in
the payment by instalments is worth 1/. ls. per neut.,•
and the actual net price at which the loan is taken is,
therefore, 101/. 113. 6d., at which it pays an annual in-
tet est of 3/. 18s. 6d. The security of tie. loan is uuques-
tionably equal to that of Consols, with the additional
guarantees afforded by the French and Turkish Govern-
ments, and it is on this basis its worth must be calcu-
lated, after making such deductions as may be necessary
in connection with the sinking fund, and on the score of
novelty or less perfect marketability. A point to be
taken into account is, that the stock being primarily a
foreign one, it is not available for trust and other pur-
climes where the English national funds are distinctly
specified, but, on the other hand, the convenience of its
being in coupon bonds will operate as an attraction to all
public companies and moneyed persons seeking employ-
ment for floating caVtal. By insurance offices who will
take them upon minute calculations of what they will
yield during their entire term, irrespective of any other
circumstance, they ara certain to be absorbed to a con-
siderable ixtent so long as they continue to present any
great disparity of price as compared with ordinary fund-
,ed investments. Under this view there has been a

growing feeling throughout the day that the terms of
the contract are not higher than the credit of the
country demands, while it is also satisfactory to cox-
template the extent of the benefit conferred upon
Turkey, since with all the prestige imparted to her seen-
ritie4 by the present loan, as well as by the mortgage of
the Egyptian trihute, which constitutes her most directly
available means, her unguaranteed Six per Cent. Stock
is still 8 per cent. below the price at which a 4 per cent.
loan has now been raised.

Messrs. Palmer, Mackillop, and Co. will return the
10 per cent. deposits on their subscription lists to-mor-
row (this day).
Messrs. Rothschild will return the surplus deposits
held by them any time after 13 o'clock to-morrow (this

day).
The allotments of the loan were in the proportion of
20 per cent. of the amount asked for by each applicant,
with the exception of a few cases, in which extraordi-
narily heavy sums were sought by large dealers, and in
which a greater deduction was made, so as to enable the
contractors to meet, in some degree, the wants of a large
number of persons whose applications were individually
small, but who desired to become permanent holders.
A statement was circulated that the minimum price
fixed for the loan by the Turkish Minister was 1001, but
the sealed document in which it was contained was not
opened, and it is not probable that any information was
given on the subject even after the completion of the
contract.

Annexed is the manner in which the arrangement for
the deposit and instalment now stands ;
" Deposit 101. per cent., 500,0001., August 22 ; second
instalment, 201. per cent., 1,000,0091., September 12 ; third
instalment, 201. per cent., 1,000,0001., October 20 ; fourth
instalment, 151. per cent., 750,0001., November 23; fifth
instalment, 151. per cent., 750,0001., December 14 ; sixth
instalment, 101. per cent., 50,0G3/., January 1, 1856;
seventh instalment, 121. 12e. 6d. per cent., 631,2501., Janu-
ary 25. Total, 5,131,2501."