The Sun.
London, England, 1855-04-09 00:00:00

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4A
,i KE T

TN T ELL TO CE,

CITY, Two O'CLOCK.
IThe cotton market at Liverpool, on Saturday,
closed with a very firm appearance. The sales were
estimated at from 10,000 to 12,000 bales. Uplands
at 5 1-16 d, Mobile at 54d., and Orleans at 51d. The
Railway Share Market was steady.

The impression that the letters by the overland
mail report much better markets for imports in
Australia may prove mischievous, if not qualified
by a reference to facts. A few instances will serve
to illustrate this. In the year 1854 there were
enough slates imported to roof the whole town.
The average consumption of imported spirits in
New South Wales during the last three years has
been over 500,000 gallons annually, while the
quantity imported has been double that consumed.
Of wearing apparel, and especially drapery, the ac-
counts given are very instructive, as well as dis-
couraging. In a Sydney Price Current it is stated
that—

" The average consumption per head is reckoned at
about-50s. under ordintry circumstances. Within the
last two years, however, the importations have quadru-
pled that amount, and although: immense quantities have
doubtless been consumed, still there is a very large stock
on hand, and we maysay that thedrapery trade has been
completely prostrated. The continued importations have
glutted our stocks in every department, and we believe
that the most tremendous sacrifices will have to be en-
dured before our stocks get cleared, for large quantities
of goods now held as unsaleable from over supply will
become so from age and change in fashions, and the ac-
cumulated charges will cause most disastrous account
sales if ever they are sold—but we apprehend it will be
along time before numbers ofconsignments can be closed.
In reference to this market we must observe that large
quantities of unsuitable goods have been forwarded, aid
also that many items of foreign fabrics have been im-
ported, which will ever be unsaleable in this community
except at most unjustifiable sacrifices. The class of
goods now required for our consumption is of a much
better description than has been imported of late years.
The pecuniary' position .otthe labouring classes bas been
so much bettered within the last two years, that
their domestic habits have undergone a very ma-
terial change, and articles that would have been
eagerly sought for, or endured from necessity, are
now rejected. This fact is most observable in every
article connected with the drapery trade, more par-
ticularly in those kinds for female consumption.
We may remark that there has been a great accession
to the number of retail diapers within the last three
years, and many persons without capital have left good
situation and entered into business to the great loss
and inconvenience of the employers and the derange.
men and dispersion of business generally. These per-
sons having little or no stake took shops at the most ex-
orbitant rents, and from the preposter.ms facilities
heretofore offered of obtaining goods on credit, com-
menced a showy business. This sudden demand for
shops and business houses excited the cupidity of land-
lords, and rents have been raised extortionately and
wages in proportion, the consequences are now felt most
severely. The decreased demand or rather the widely-
extended competition for supplying the consumption
and the immensity of importations have induced a great
diminution of profits, and we are convinced that very
few houses that are of recent formation are doing much
more than paying expenses, and we have no doubt a
great many cannot do that, and unless a much better
trade soon springs up we expect to find many will be
compelled to return to their previous condition. Several
parties in the drapery trade have already succumbed.to
the present depression, and there is a growing want of
confidence in this branch of business. Very large quan-
tities of drapery goods are daily forced at auctions for
the purpose of closing accounts or meeting liabilities,
but heavy losses are sustained. Quitting drapery in-
voices by private sale is at present out of the question,
except at discounts varying from 30. to 40 per cent.
1852. 1853. 1854.
Apparel
Cottons and drapery 140,479 393,096 1,407,042
Haberdashery
Hosiery
Linens
_ _

Millinery
Silks ....

3,133 ' 25,046 45,968
17,453 135,817
_45,382

Woollens tic blankets 124,625 330,429 250,019,

Total
No improvement in demand has taken place with the
new year, and the expectatums of many have been dis-
appointed. It is in this branch of business that confi-
dence is most shaken, and unless 1
we have a very marked
improvement before long, we apprehend that many must
give way whose capital is too limited, and whose ex-
penses are too heavy to allow them to withstand the
pre,sure of the times and the ruinous depreciation in the
value of their stocks. As yet this market has expe-
rienced no relief from decreased imports, and most firms
have received considerable augmentations of summer
goods, which will have to remain over unopened. As
an instance of the losses sustained, we may mention
that at a recent large sale of French ribbons and trim-
mings of good quality, a loss of ful)..y 40 per cent. was
sustained."

According to this, the drapery trade is now as un-
sound in Australia as it was in London a few years

since.

From the official statement of imports, an accu-
rate conclusion may be drawn as to the indirect
trade of Russia, carried on through Prussia, the
collective quantities of produce imported into the
trnited Kingdom during 1854 being thus stated :
Rugsian Ports
in the Baltic.
Seeds—

Articles.

Prussia.

11G,267
2,212

Flax and Linseed Qr4. 10,173
Rapeseed
Tallow Cwt. 31,687
Hemp, undressed „ 20,062
Flax, dressed and undred „ 82,612
copper, unwrought and
part wrought
The foregoing statement, extracted from the re-
cords of the Inspector-General's Office, exhibits the
importations of the specified articles from all the
ports, except those belonging to Sweden, which lie
within the Baltic ; that limitation being previously
understood to exclude the ports of the Danish ter-
ritory, whether insular or continental. The im-
ports from the Baltic ports of Sweden, could not be
exhibited in this statement, being blended in the
official record with the imports from 'otherports of
the same country.

Jr dated Paris yesterday, 6 p.m., contains
following
lea good deal has been said about the -real cause
Yiealh"r°cYn de Lhuys' journey to London and
qkttei7B:,) and the Belgian and French papers (for the
ttlfee- "413 Most generally but copy the former) that.
441_ public so much of the Ministerial will
`llol6tesirable have been instructed to say that
,-"„cre not been a certainty of success
. M.
Lhuys de would never have decided on
imNllll7b4llcli a step. Perhaps the Minister left Paris
414 'llch an impression, but the motive. for the
th (11 is attributed to his extreme dissatisfaction
1110 tle:a.Y matters were going on.. It appears that
Zts 4,41°1 was taken after, and in consequence of,
ZetiltTplAt of despatches in the course of the same
thfu•-°11:1 M. de Bourqueney, in which the increasd-
hierulties of his position were set forth, an.
kWere at last of such a nature as to make it
uneerhoble. It has been already said that Lord J.
Itc;lllr4Uvas thought here to be too facile,. too ae-
big hac,lating, or at all events not sufficiently on
~,-'l4/1 -it'''. with respect to the Russian or the Aus-
'44 ro mister. Any quotations he may have
shakoeTp! the private instruction of Prince Gort-
b-,,e -or •do Buol; from " Mr. Burke," or the
b ititot
kwl, joual Fistory of England, were. no doubt
f• ire,- B:!raY. At all events, it was considered that
Nst"B/1 was not equal to the occasion, and it
btide-,1 circumstance that rendered the visit to
13• 11;41, absolutely necessary, in order that M.
• akde Lhuys should come to a perfect
ia`ling with Lord Clarendon. It ap-
ODtp -'at the French Minister particularly dis-
lZtJ4lll e off-hand manner in which the two
teff 'lons were discussed and settled in spite of
'ql1(1Q8 of M. do Bourqueney ; and it was for
t nonchalance would be displayed with re-
sat-"h ° "aue third that he took the step he has done.
i4;s4timn°, 'believe. that the French Government is
f 11q)eet ith Austria, whose eagerness in the matter
c - the -"ed to be a little blunted since the settlement
Ivr-c)Oleti4lP articles ; and it is not improbable that
• de 1414 g like a reproach has been addressed to
.i‘oppa-Alel for not having profited •by the forcible
h'il'he,Aleileute short time since by the Russians of
frZaa merchant vessels descending the Da-
tVt the Black Sea, to take amore decided
ts:,,t .Q1;1," Policy of action." It is now announced
3,7er th-,,W.ecipotentiaries have, as it were, leaped
tl the "oird and most important article, to arrive
cliti,r,th, which they have "satisfactorily set-
re Mattel la rumoured here to-day that if the er be not arranged by Wednesday next,
en-
-1114 de l'lluys and Lord John Russell will
'lllla for Paris and London respectively."

•
253,955
366,220
667,879

The exports of British and Irish spirits from the
United Kingdom were, in the four last, years, as

under :

1853.

1854.

Gallons. Gallons.
British colonies,and dependencies 603,033 473,586
Foreign countries and colonies 224,879 206,978

Total 827,212 680,564
Of this total there were shipped to Australia
529,167 gallons in 1853, and 355,436 gallons in
1854, while our North American colonies only re-
ceived 24,377 gallons in the year first named, aid
55,227 gallons in the second.

this gave a little support, Consols are 921 to 92-1-
for money, and 921 g for account. t The Reduced
3 per Cents. are 91 to .1, and the New per Cents.
91, to Bank Stock is 2101 to 212, and India
Stock 226 and 229. India Bonds are 11s. to 14s.
Exchequer Bills realise 6s. to 9s. premium.
In the Foreign Market the transactions have
I been of no importance and the quotations are with-
out much alteration. Mexican Stock is 21i and
Brazilian 5 per Cents. are quoted 991 ex-dividend."
Sardinian Bonds are 87i, Spanish S per Cents.
are firmer at 361 and Dutch 2i per Cents. at 62k.
Turkish, Bonds are 791 to being flat.
The following are the nominal prices of foreign
stocks :—Grenada Deferred Bonds, 6i to 7; Mexi-
can, 214 to 21g ; Peruvian, 69- to 701; ditto Three
per Cents., 49 to 50 ; Portuguese Four per Cents.,
42 to 44 ; Russian Five per Cents., 99 to 101;
ditto Four-and-a-Half per Cents., 89 to 91 ;
Spanish New Deferred, 18i to 18g ; ditto Three
per Cents., 361 to 37 ; ditto Certificates, 5 to 5,1;
ditto Passive, 41- to 41.
The following is the arrangement effected by the
Antwerp and Rotterdam Railway Company with
the Lierre and Turnhout Company
" The Lierre and Turnhout Railway, length '24
miles, capital 172,0001., and 8,600 shares of 201. each,
has been constructed under a guarantee of interest at
the rate of 4 per cont. from the Belgian Government,
and being now completed for the sum of 7,0001. per mile
guaranteed by the Government, a minimum annual di-
vidend of 4 per cent. is receivable on the shares, with
participation in surplus profits above 4 per cent. in
terms of the statutes.
" By the arrangements concluded, holders of Antwerp
and Rotterdam shares have the option of paying the full
amount of 161. per share at once, and receiving paid-up
shares "to bearer," carrying interest, or of paying a
deposit of 41. per share on allotment, and three instal-
ments of 41. at intervals of two months each, with inte-
rest at 5 per cent. on the amount, until the payments
are completed."
The railway meetings announced are the follow-
ing:—

Company.

Date. Place.
Aberdeen _
April 18, Aberdeen. •
Central of Switzerland April 27, Basle.
Chester, Stour Valley, &c April 16, Colchester.
Cork and Bandon Aprilll, 17, Gracechurch-st.
Demerara
Great Western April 19, Paddington.
.. __ . ..

~.
A "e gr
..kri. a h !at Majority of the military surgeons now in
iaite:,eg received orders to join the army, the Ad-
m('4lta'at'l" °fPublic Assistance has been requestr
the
'4114,te, 80rae of the physicians and surgeonstos.
Th —Alta% to attend the military
Havre n ft:eightages
e Fr„hrin, Y. The Dane, screw steamer, freighted by
clireetrea Government, left that port on. SnatfuLdgaeys: Ithlelet(.11: Constantinople, with carts, carp g
the diattien
, waggons and a large quantity of stores fo.
for si etent services of the army. The Zouave, intended
and 414'114 destination, has taken the place of the Dane,
Ti:tmeow being loaded.
'A. g r''.e'rlllC TELEGRAPH.—STOCKHOLM, March 25.
Aead wedish savant, Professor Edlund, of the
....ti, 1
itepr:elY of Sciences, succeeded last year ip. ruak.ineeae. traphve,eleat in the construction of the electric
sendtl
klesma:PParatue, by which it becomes possible
. too.
Aosit 'Ae.e by the same wire simultaneously inAtwo op
-
that baese.,lr.ections. The principle on which this discovery
that
a' Is very Simple, and altogether different i Tr!
that, t applied
by Dr. Gintl, at Vienna, which, was found
the'kit u -11 e
etd• As far back as the month of August
the ,Zar Professor Edlund made .some experiments on
I'4 6f the t l co. nh line between Stockholm and
se;a:11,
tb,3, pertniessero-aa4 the directors,. These succeeded
Which ~.,, eat he constructed the necessary apparatus,
Which
Put up in December last, and has been in daily
ap -"on ever since. As soon as the needful number of
Paratn
ever.. 4 R are constructed, they are to be introduced at
tae :'elegraph station in the kingdom ; and, as the
the t,tion i, jaw.
6
do expensive, the advantages gained over
tch," sYstena are obvious, by
two one line of wire will, now
s work done formerly .

Llynvi Valley April 27, Paddington.
Lyons and Geneva
Manchester, Sheff. and Line. May 25, Manchester.
Northern of France , April 30, Paris.
Paris and Lyons
St. Andrews and Quebec,'
(Class A)
South Wales Mineral Apr. 20, Craven Hotl, Strnd
Railway shares were dull at previous prices.
United Mexican, Santiago de Cuba, and Lusitanian
Mining Shares continue to attract attention, par-
ticularly the first named, but the business doing in
them is not so active as it was last week. Austra-
lian land and bank shares are generally steady,
with a fair extent of dealings.

BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
(From tlat 'osgoial List. )

BuSITIORA done
Stock ... 2106 12 a d
3 per Cent. Reduced Anuuitias .............» 914 1 a d
3 per Cent. Consols Annuities 924 6
‘..

ew 3 per Cent. Annuities
Consols for Account, April 924
o:ache:quer Bills, 24d.
£l000

2500 9
small 9 7
ti.xchequer Bonds 1858, 3o per Cent. 99#
Ditto 1859, ~
PRICE OF FOREIGN FUNDS AT ONE O'€ LO
Brazilian Bonds, 5 per Cent 99 x d
lexican 3 per Cent.
"&t,rdinian Bonds, 5 per Cent. B7O
Ditto for the Account 874
Spanish Bonds, 3 per Cent 364,
'urkish Bonds, fi per cent
Ditto for the Account 79 j
Ditto Small
Dividends on the above payable in London.
Ditch Exchange, 2i per Cent. 12 Guil 62i
HALF-PAST T.
Console 92
• Ditto, April Amount

20
20
10
10'

The advices brought by the steamer Africa from
New York notice a quieter stock market, the non-
arrival of the Atlantic having checked operations.
Money continued very abundant, and the last
weekly return of the City banks showed an in-
crease, compared with the previous one, of 603,428
dollars in loans and discounts. In foreign ',pro-
ductions there was more activity, but there was an
ample supply of most descriptions, and the arri-
vals were moderate. The grain markets were
affected also by the absence of later news from
Efirope confirming the particulars of the Emperor
of Russia's death. The stocks of breadstuffs in
the
New York markets were light. Cutton , realised
steady rates.
The California accounts are three, days later.
The firm of Wells, Fargo, and Co. had resumed,
and it was expected that Messrs. Page, Bacon, and
Co. would also recommence. The panic had greatly
subsided, but still there was some excitement. The
rains had set in, much to the encouragement of
the miners, who had accumulated immense quan-
tities of earth for washing. The yield during the
season is expected to be very large. There was a
better feeling in the commercial markets.
The Sitka, a very fine Russian vessel, has been
brought to Spithead from California as a prize .to
the combined fleets. She was captured off Kams-
chatka. _ _ .

News has just been received from Liverpool that
the North Carolina screw-steamer, , from Philadel-
phia, has foundered, after having been in contact
with another vessel, and we regret to state that
wily a part of the passengers and crew were saved.
Letters have been received from Pappenburg,'
dated the 2d inst., which announce that no less than
15 vessels have been seized and laid under embargo
at Ismail by the Russians. _

The Stock market continues extremely heavy,
under the impression that a new loan is shortly to
be announced ; and political events are looked for-
ward to also with great interest. Moneys ho .. ever,
continues extremely easy, and the bankers will not
allow more than 3-4 per cent. for it upon " call,"
while they discount readily at A per cent., and for
very first class paper, at short dates, even as low
as 31. A leading broker has this morning given
3-4.6ths for the " call" of stock to-morrow, and

T S Ni LONDO Ili MONDAY NIZNING", APRIL t, 11111.

25
St.
20
at

ARE MARKETS.

25
8/ 2*

If

THIS DAY.)

rAILWAYS.

all

Closinc Prices
Saturday.

Business done
yesterday.

50
25
12
12
20

61i x a

32a 1a
22.

LINES FIXED 11 ENTALS.

I Paid.l

Leasing
C. (=pan s

London
N. Wzgt.
L.&N.W.
Caledon...
E. Un.
E. C.....

Glt.Nrthn.
Caldonian.

Gt. Wer.T.
Yk. New.
& Berw.
Y. .1/4N Pi
Do.,
Do •

S. Easton
Do

Peto & Co.

Norfolk
Do
1...& N. W
Midld.
Stckton
Darliugt.

Ulosatii Prices
Satur

95 - 97
.7 - 99

En. Coun

135 - 137

E. Count
Do

- 27

105 - 107

D 0..,

12i -- 13
23 -- 24
101 -11 i

2i - 2i

g. - i:3

L. &N.W
&Ln&Yi
Do 1

88i I

all
100
18
all

Gt Northr
Lanoash do
Yorksh.
T. Brassey
M.StiClear
Stockt. dt
Darlingt.
D 0.........

91
651 5

par i p
57 59

130 - 133

74 84
24 2 d

inai ess
yester

32 - 33
89 - 91

98 9
99i

atWestn

pm
I pm

115 14