The Sun.
London, England, 1855-04-20 00:00:00

of the military authorities, to Courland, where they will
run less risk of being captured by the Allies. The for-
tifications of Dunamunde, which the latter will be
obliged to destroy, in order to enter the small Gulf of
Riga, have been considerably extended since last year.
At this moment a multitude of labourers and Russian
soldiers are employed in completing the new work of
defence, and batteries have been erected all round the
Gulf, at the extremity of which thecity of Riga is situate.
Supposing the Allies to succeed in destroying the forti-
fications of Dunamunde, the ships of war, owing to their
great draught of water, will experience considerable
difficulty in entering the lake, where they will run the
risk at every moment of sticking fast in the mud. If,
as we have been assured, it is the intention of Admiral
Dundas to take possession of Riga, and establish him-
self there, he must attack the town on the land side,
and csnsequently bring out an army to land in the
neighbourhood. Now, Russia has ordered the construc-
tion i❑ and near Riga of a powerful force to protect
and defend that part of the empire, which, when
all the corps belonging to it shall have arrived,
towards the 15th of May, will amount to at least
120,000 men. The Commander-in-Chief of the Baltic
army, General Siewers, has established his head-quarters
at Mittau, at some distance in the interior of Courland,
where he is constructing an extensive entrenched camp,
defended by lunettes and detached forts. Two divisions
of infantry, three batteries of flying artillery, and as
many regiments of light cavalry, will be shortly assem-
bled there, and thence they can be rapidly marched to
the point of the coast most immediately menaced by the
fleet. The plan of campaign of the Russian army, on the
shores of the Baltic, was drawn up and brought to St.
Petersburg by Marshal Paskiewitch, when he last visited
that capital, and the late Emperor Nicholas gave ,it his
entire approbation. Enormous quantities of beams of
oak, deal, and other timber had. been sent to Mittau to
be used in the works of defence of the town and en-
trenched camp. M. de Struve, the Russian Minister at
Hamburg, has left on a mission to St. Petersburg, and
will returu to his post in a few weeks."

ttirb latittton4

SHARE MARKETS.

(THIS _ DAY.)

IVIALTON RACES.

RAILWAYS.

(THIS DAY.)

RAILWAY..

1(11osing Prices
yesterday.

Busine.a done
yesterday.

(BY ELECTRIC TELEGRAPH•)
LANGTON STAKES.

Notre Dame .......................................
Ernest Atherley ....... ........................
.`Three ran.
CONVIVIAL HANDICAP.

Hobbyhorse
Medway

Sever, ran.

MON E MA it KET

AND St.
COMMERCIAL LA 1' ELLIGEN OE. St.
10

CITY, Two O'CLOCK.
The cotton market at Liverpool yesterday
closed very firmly, and with a hardening tendency
at the extreme prices of last week. The sales
were estimated at 10,000 bales (1,000 of which
were for export, and 2,000 on speculation), com-
prising 25U Pernam and Maranham at sd. to
6id. ; 150 Bahia at Gd. to GO.; 250 Egyptian at
Gd. to 9d. ; 1,000 Surat at 3d. to W. ; and 60
Sea Islands at 101-d. to Is. Gd. per lb. The Rail-
way share market was firm, but very inactive.
In the early part of the week there was a
fair demand for colonial produce, but the market
generally has become quieter since. For sugar,
both British Plantation and Foreign, full prices
have been paid. Plantation Ceylon coffee has
realised 1 per cent. advance, but Native has ruled
dull. Tea, at public sale, went slowly, and rice
has been dull. Not much has been done in spices,
but they are not cheaper generally. The inquiry
for rum has been limited. Saltpetre leas not at-
tracted much attention, and tallow has tended up-
wards. The colonial wool sales commence May 3.
There has not been a large business done this
week in the public securities of the United States,
but the quotations are firm, being as under :
Redeemsblo. Per Cent.
United States 6 per Cent. Bonds 1868...107 108
United States 6 per Cent. Inscribed
Stock 1867-1868...106 107
New York State 5 per Cent 1858 to 1850... 90
Pennsylvania 5 per Cent. Stock ... 80 82
Pennsylvania 5 per Cent. Bonds 1877... 84 85
Massachusetts 5 per Cent. (Sterl. Bonds) 1868-102 103
Maryland 5 per Cent. (Sterling Bonds) .. 92 93
Alabama 5 per Cent. (Sterl. Bonds) 1858-9-66.... 83 81
irginia 5 per Cent. (Sterling Bonds) —lBBB._ 87 88
Virginia 6 per Cont. Bonds' 1886... 871 881
Canada 6 per Cent. (Sterling Bonds) 1876 ..103 109
LOANS OF CITIES.
Montreal 6 p. Cent. (Sier. 80nd5)...1857-1865... 83
New Orleans 6 per Cent. Bonds 1893... 80 82
Do. do. do. 1874... 78
Do. do. do. 1884... 72 74

A letter from Posen of the 13th, in the
Universal German Gazette of Leipsick, says
that, in consequence of recent movements of
troops, the left bank of the Vistula is almost
without any troops, that the frontier town of
Kalisch has only a garrison of 40 men, and that
on the other points of the frontier only the
ordinary guards remain. The letter adds that
the troops which were on the frontiers of Gali-
cia have been removed into the interior, on
account of the typhus prevailing in that province.

A letter from Smyrna of the sth states that on
the day before Suleyman Pacha, the governor,
assembled at his palace all the civil, military,
and religious authorities, together with the drago-
mans of the Consulates, and caused to be read to
them, in obedience to an Imperial firman, the new
laws drawn up by the Council of the Tanzimat, for
preventing, under pain of imprisonment and exile,
all public functionaries of whasoever degree, from
accepting bribes ; and for punishing persons who
offer bribes. Suleyman Pacl►a afterwards delivered
a brief address, calling on all the persons present,
cot only to observe the laws, but to assist him by
all means in their power, in endeavouring to extir-
pate bribery and corruption. A prayer for the
Sultan was then offered up by the principal Mufti,
and the assembly dispersed with cheers for his
Majesty.

RAILROAD BONDS.
Illinois Central 7 per Cent. Bonds
Michigan Central 8 per Cent. Bonds
Panama 7 per Cent., Ist Mortgage (Ster-
ling Bonds) 1859... 94 95
Pennsylvania Central p. Cent. Mortgage
Bonds 1830... 88b 89i
New York and Erie 7 per Cent. 3d Mort-
gage, Convertible 1883... 83 85
N. York and Erie 7p. Cent. Convertible 1862... 79 81
N. York and Erie 7 per Cent. Sinking
Fund ... 78 80
The taking of the loan at the Treasury this morn-
ing occupied but a short time, and, as was expected
from the desire of capitalists to act in common,
there was but one bid. This in substance gives
the subscribers, for every 1001. which they lend
the Government, one hundred 3 per Cent. Stock and
an annuity of 14s. 6d. a-year for 30 years, equivalent
to taking Consols at something under 88. The
terms would probably have been higher if more
definite intelligence had this morning been re-
ceived from Sebastopol or Vienna, and considering
what political uncertainty prevails, and that 16
millions isa large amount, the price is as high as could
be expected, at least under the present system
of contracting. Whether an open subscription at
the Bank of England would have enabled the
Chancellor of the Exchequer to obtain more, it is
difficult to say, seeing the tardiness of the English
people to fall into any novel plan. The great
banking houses have generally subscribed for large
sums through Messrs. Rothschilds, a West-end
firm being named as taking more than a million,
and many of the City bankers as much. If there
had been any difficulty in making up the total
sum, the Bank of England was prepared to co-
operate.
The scrip of the new loan (the " Omnium") has
been dealt in this morning at 1i and 1i premium,
and since at 1k to 1i premium. The Terminable
Annuity sells at 161. to 16/. 10s. for 11. of annual
interest continued during the thirty years.
The relief experienced by the Loan being taken
should have caused the English Stock Market to
open more buoyantly, but the foreign news is still
looked to with anxiety. Consols have been 90 to
901, and since down to 89i t-• The New Three
per Cents. have been 89 to
89, and the Reduced
at 88k and 88k. Bank Stock is steady at 2111.
A good deal of money business has been done, and
those who have allotments of the new loan must
in some instances sell their old stock to meet the
instalments. Exchequer-bills are 48. to 10s., and
India Bonds 15s. premium.
Foreigns Stocks are extremely dull, and without
particular variation. Turkish Bonds have risen
to 74-1 ; Portuguese, ex all over due coupons,
are 381, being flatter ; Austrian Bonds are quoted
to 65 ; Dutch 21 per Cents. are steady at 62/, and
the 4 per Cents. at 911.
The following are the nominal prices of foreign
stocks :—Grenada Deferred Bonds, 61 to 61 ; Mexi-
can, 201 to 21 ; Peruvian, 69 to 71; ditto Three
per Cents., 48 to 50 ; Portuguese Four per Cents.,
11 to 43 ; Russian Five per Cents., 98 to 100;
ditto Four-and-a-Half per Cents., 88 to 90 ;
Spanish New Deferred, 18k to 18g ; ditto Three
per Cents., 36k to 36i ; ditto Certificates, 4k to 5i ;
ditto Passive, 31 to 4k.
Business in Railway Shares is likewise very cir-
cumscribed. The current quotations show very
little alteration from those •of yesterday. The
Foreign lines are nominally firm.
In the Banks, Mines, or Land Shares there is
no material movement to notice.

1875... 68 70
... 90

BRITISH FUNDS THIS DAY.—CLOSING
-FI6RICES
(From the ODicial Lilt.)
Business done
Bank Stock
3 per Cent. Reduced Annuities BB aal -6
3 per Cent. Consols Annuities 9O 90 1 89A i ;
New 3 per Cent. Annuities 89i i ii 9
Ling Annuities, Expire sth Jan., 1860
Ditto 30 Years, Expire 10th Oct. 1859 31 11-16
Ditto 30 Years, Expire sth Jan., AGO 4l
Ditto 30 Years, from sth April
llonomp:iiiiisotiiLiliniooo:°llnouurdn. :Ad.r.)e..e.:113.c...i01i.u.:00:..t0..2,...11..a.0.....t. h...... .3i. .
.1. a: yi ''''''''' ......................-1911460:1:i0 11
Exchequer Bonds 1858, 3i per Cent. —
Ditto 1859, „
PRICE OF FOREIGN FUNDS THIS DAY.
Brazilian Bonds, 5 per Cent —
Ditto Small ...........
Ditto Portugueseex . Raolin ds,
over 5
due
er
CC Cent.,
C0up0n5..,,...
n,
sC
.0.t.i..
38}
tarkish Bonds, 6 per cent 748
Ditto for the Account 741 4
•eoidend. on the above navable in Lon on,
ttlu;Stertiaranßochsts per
Exchange,
26prenct. enlto.
IG2u6.
ti 2. i 1........ 2
Ditto 4 par Cent. Cortiileates .....
...... 914
HALF-PAST TWO.

Consols ..................... . Boi
Ditto, May Account

Curtin SURCII COLLEGE.--Eleven gentleman of this
college were on Friday and Saturday last engaged in a
very interesting match at cricket, on the Christ Church
ground (the first of the season at Oxford) with ten of the
servants employed at the college and Martin the Kentish
cricketer given. The gentlemen obtained 68 and 68, of
which number It. Orlehar, Esq., marked 19 and 10 ; w.
Fellows, Esq., 6 and 20 ; H. A. Pickard, Esq., 6 and
18 ; the Hon. Mr. Vernon, 10 and 2. The servants 50
and 78, of which Martin wrote bd. Piggott 18 and run
out 40. The gentlemen, it will be seen, were victorious,
with 8 runs to spare. After the match the players sat
down to an excellent repast, provided by Martin at the
White House.

Swiss RAILWAYS.--The engineers who are now oc-
cupied in the surveys for the new lines of railways which
are to cross the Swiss Alps, have estimated the expenses
of the different passages as follows :—Passage of the
Splugen, 160,750,000 fr. ; St. Bernard, 185,275,000 fr. ;
Luktnanier. 183,125,000 fr. ; St. Gothard, 160, 425,000 fr. ;
Grimsell and Albrunn, 191,500,000 fr. and Grimsell and
Simplon, 205,550,000 f. The St. Gothard will be crossed
by the line from Lucerne to Locarno, which is the most
difficult of all, and where avalanches are dreaded. The
line of Rorschach will cross the Lukmanier to proceed to
the Lago Maggiore and the Mediterranean ; The St.
Bernard will be crossed by the line from Lausanne to
Aoste by Vevey, which line is the most direct between
`Paris
and Genova,

THE-SUN, LONDON, FRIDAY EVENING, APRIL 20, 1855.