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 cora-
Tl-4- 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 for
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 pond.
[The 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 ponds were imported from Central Asia.
Since 1855 cotton has 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 :-
4t per per Cents ... 98 Bank Shares 3140
Do. end month.... Credit Fonder 1550
3 per Cents
Do. end month.... 70 75 Piedmontest Fives 7l 75
New 3 per Cents .. Italian Loan 7l 40
Do, end month.... Austrian
Orodit Mobilier.... 835 Spanish Threes 52 50
Do. lend month.... 841 25 Home Debt

RAILWAYS.
Cash. Account.
Orleans 1325 1325
Northern
New ditto
Lyons and Mediterranean 1107 50 .. 1110
Geneva 370 371 25
Southern
Western
Eastern ... 565 .. 663 75
Sardinian 385 .. 390
Austrian 526 25 .. 527 50
Lombard

M. MIRES.—It 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
with the success of his Turkish loan, it would now have
presented a profit of £1,000,000 to the subscribers. He I
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
rocinirod in -01, )00.000. 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 bank, and half to the subscribers.
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 Para •
graph in the Noniteur, which naturally must direct atten- f
tioll to al—Timm