The Sun.
London, England, 1862-05-17 00:00:00

COCHIN CHINA.

Under the head of "Latest Intelligence," La
Presse says :

" A despatch from Cochin China announces, that after
entering Vinhlong at the head of his troops, Admiral
Bonard organized two moveable columns, which were im-
mediately directed on Mi-au, where the Annamites have
concentrated their forces.

" The transport Rhone has conveyed from Saigon to
Shanghai detachments of French troops destined to com-
plete the garrison at the latter place."

RUSSIA.

The Gazette de la Bourse of St. Petersburg
contains the following communication from Oren-
bourg
" In consequence of the considerable demand fcr
cotton, an importation of this article from Central
Asia took place for the first time this year during
the winter. Caravans of 30 to 50 camels, laden
with cotton, have come to Orenbourg, and it is by
this road that the greater portion of the crop of last
year has been brought from Boukhara; next sum-
mer cotton is expected from Khiva, and the remain-
der of that of Boukhara. The price has not yet been
fixed ; it is generally fixed at the fair of Nijny. The
Boukharites are willing to sell their cotton at from
7r to 7r 15 copecks the poud. Hitherto the prices
have kept up 7r 30c to 7r 50c. For the winter con-
veyance to Moscow lr 10c were paid per poud.
EThe pond is equal to 36.10 lb. avoirdupois English.]
" It is only recently that the importation of this
article has assumed large dimensions. In 1850 only
5,000 pouds were imported from Central Asia.
Since 1855 cotton bas become the most considerable
article of our external commerce; this year the im-
portation rose to 156,000 pouds, and since then
cotton maintains the first place. The merchants
understand the quality of the cotton of Boukhara
and Khiva. It is capable of being improved and
its production developed in Central Asia; at least,
such is the opinion of Russian merchants who have
visited those places. Recognising the high import-
ance of this article of produce for our industry, we
sincerely hope that it will attract the serious atten-
tion of our influential men."

FRANCE.

BOURSE, May 16.—The market still in the same
inanimate state, but without any material change
in prices. Threes, for the Account, are now at 70f
60c. The Railway Share Market is also quiet, but
up to the present time former rates have been pretty
well maintained. The market rallied towards the
close, and left off as follows :

41 per per Cents 9B
Do. end month
3 per Cents
Do. end month 7O 75
New 3 per Cents
Do. end month —
Credit Mobilier 835
Do. lend month B4l 25
RAJLI

Bank Shares 3140
Credit F oncier 1550
Belgian 4}
Piedmontesc Fives 7l 75
Italian Loan 7l 40
Austrian ..
Spanish Threes 52 50
Home Debt

Cash. Account.
Orleans 1325 .. 1325
Northern
New ditto - • . —•
Lyons and Mediterranean 1107 50 .. 1110
Geneva 370 371 25
Southern B5O 848 75
Western ... 562 50 .. 560
Eastern
Sardinian 385 .. 390
Austrian
Lombard

M. MlßEs.—lt appears by the accounts from
Paris that M. Mires has recommenced business at his old
offices in the Rue Richelieu, and has issued a prospectus of
a new financial undertaking, which the Moniteur has re-
quested the French journals not to republish. The pro-
spectus starts by stating that M. Mires is the greatest
financier the world has ever seen ; that it is owing to him
that credit has been re-established in Spain; and that if
" circumstances known to all the world" had not interfered
wilh the success of his Turkish loan, it would now have
presented a profit of £4,000,000 to the subscribers. He
then announces for the 17th inst. (to-day) the opening of a
subscription for a new operation of the same sort, the details
of which are not given further than that it is a " State "
loan, the particular State not being specified. The capital
required is £8,000,000, and £BOO,OOO is to be paid on sub-
scribing, in the form of a deposit of 10 per cent. Half the
"profit" of the transaction is to go to M. Mires and the
shareholders in his late bony, mei half to tho cml36ori6r.
It is not stated how this profit is to be made, but it is esti-
mated at £2,400,000; so that the half for the subscribers
will be £1,200,000. This will be at once paid to the sub-
scribers, who will thus get back their deposit, with 50 per
cent. profit, remaining only liable for the remaining 90 per
cent. of their subscriptions. The whole thing reads like a
jest, or the creation of the disordered imagination of a mad-
man. It is probably the first time since the days o the
South Sea bubble that subsciptions have been publicly in-
vited to a scheme the nature of which is not divulged; and
the affair would not be worthy of notice but for the Fans •
graph in the Moniteur, which
tion to it,—ZintiB;- naturally must direct Eaten-