The Sun.
London, England, 1854-12-30 00:00:00

0031 M ER VIA T. 114.1 'PELL

CITY, TVi 0 o'CLOCK:

The sales of cotton at Liverpool yesterday were
estimated at 6,000 bales. The market was quiet,
but steady at previous rates. Railway Shares were
rather firmer.

The position of the Bank of England during the
week to the 23d inst.•was iu mest respects " simi-
lar to that shown by the return of the correspond-
ing period of 1853, when the demand for money
increased as usual towards the end of the year.
We have now, however, an addition to the private
deposits, which was not observable in the state-
ment made at this time last year, and which can
only be explained upon the supposition that after
the recent failures in the United States, and the
partial distrust that prevails here as the result
of the late suspensions, parties deem it wise
to keep a good balance at their bankers.
The addition to the bullion is very satisfactory
under the circumstances, but we hare no idea that

it will continue now the Freich loan is brought
out, and the receipt of bullion from America is,
temporarily at least, suspended. The amount to
the credit of the Government increases, but it
would have to receive a much greater addition ere
it could be pronounced sufficient, without ex-
traneous aid, to meet all the demands upon the
country. From the nature of things, however, we
may assume that large sums .are paid away in
satisfaction of war expenses, without remaining
long in the Bank, and that, according to the defi-
ciency bill plan, many changes in this item may be
but for a day. Compared with the previous week
the changes were as iollows

Active circulation
Increase
Bullion
Increase
Rest

£19,125,445
86,380
14,137,104
108,225
3,140,652
8,618
6,560,414

Increase
Public Deposits

Increase
Other Deposits
Increase
Seven-Day and other Bills
Decrease
Government Securities
Increase
Other Securities

524,739
10,009,957
299,445
938,622
54,490
11,609,583
44,346
14,581,403

Increase
Notes unemployed
Increase

712,116
8,352,740
21,960

On the 24th December, 1853, the amount of bul-
lion in the Bank of England was 15,819,0411., con-
sequently the sum at present held must be consi-
dered large after nine months of active warfare.
The public deposits " tell a tale," having been
11,157,7241. at this time last year, or 4,597,3101.
more than at present. The other securities are
about 2,000,0001. less now than in December last,
explicable by the dulness of trade, &c. The active
circulation of notes payable on demand has dimi-
nished 1,684,7101.

There was a decline yesterday afternoon in the
rate of exchange on Paris to 25 27i to 30 for 90
days' paper, but Hamburg was firmer at 13 5i to bi,
Trieste was 12 37 to 45, and Amsterdam 11 171 to
17k, being the same as previously.
The shipments of gold direct from London dur-
ing the week to Thursday last were 2,999 ounces,
and of silver 202,584 ounces.

The Funds are inanimate and without buoyancy,
for although the Bank return is good, the deluge
of complaints from the Crimea is dispiriting.
Consols have been 91k and are now 94 f. Ex-
chequer Bills realise 4s. to 75., and. India Bonds
12s. premium.
Foreign Securities are mostly nominal. The
Turkish Stock keeps up at 75i Mexican is
firmer at 21. Dutch 4 per Cents. have been 91
to 91k.
The following are the nominal prices of foreign
stocks :—Grenada Deferred Bonds, 5 to 6 ; Mexi-
can, 20i to 21 ; Peruvian, 69 to 71 ; Ditto 3 per
Cents., 48 to 50 ; Portuguese 4 per Cents., 41 to
43 ; Russian 5 per Cents., 97 to 99 ; Ditto 44 per
Cents., 87 to 89 ; Spanish New Deferred, 181 to
18f ; Ditto 3 per Cents., 38± to 38i ; Ditto Certifi-
cates. 5 to 5i ; Ditto Passive, 4i to 41.
For Railway Ohara there has been a tolerably
firm market, and with moderate tran....abi.i.“,_but_
prices are not generally higher. The Great
Northern Shares are in request, and the A stock
is dearer. Foreign Shares are about the same.
The Colonial Mining Market is dull. The Joint
Stock Banks are steady. Crystal Palace maintains
its price.

BRITISH FUNDS THIS DAY AT ONE O'CLOC K
(From the Wicial List. )

Business done
3 per Cent. Cor solo Annuities
India Bonds, £lOOO
Consols for Account, 10th January
Exchequer Bills, 2/d.
£lOOO y. 7 4

115 C ICI
Small 74
PRICE OF FOREIGN FUNDS Air ONE O'CLOCK
Mexican 3 per Cent.
Ditto for the Account 2l.
Turkish Scrip, paid up in full
Ditto for the Account 751 /
Dividends on the above payable in London.
Datch Exchange, 24 per Cent. 12 Guil —
Ditto 4 Der Cent. Certifieates...... 9ll
fWO VOLOCK.

Consols
Ditto, January Account

.... ..... 91i i

THE FRENCH IW ALGERIA.

The French Minister of War has received the
following report from the Governor-General ad
interim of Algeria :

" Algeria, Dec. 15.
"Monsieur le Mar6chal,—By the mail of the 10th
I addressed to your Excellency a statement of the poli-
tical situation of Algeria. That situation has since im-
proved, and we are everywhere in the way of progress.
The following is a hasty sketch of affairs. I yes-
terday gave the investiture to the Cheik of the Ka-
byle tribe of the Beni Raten, which is an important
fact. The measure, by which, on the 15th November
last, by order of the Governor-General, hands were laid
throughout the whole of Algeria, from the frontier of
Tunis to that of Morocco, on all the men belonging to
that tribe who were travelling on our territory, was per-
fectly successful. These mountaineers, who are the
richest of the Jurjura, immediately comprehended
that the prolongation of this measure was for them
equivalent to a regular blockade ; that it would
destroy their commerce ; and that the fall of that
commerce would lead to that of the political influ-
ence which they exercised in the Upper Sebaou. They
therefore immediately demanded to treat, and notwith-
standing their pretensions, I firmly maintained the con-
ditions imposed by General Randon in his spring cam-
paign. The questions of taxes and hostages were
settled without dispute ; in a ward, they accept a
situation similar to that of the other Kabyle tribes who
have submitted to our authority. All was decided on
in one morning, and yesterday they swore on the Koran
to fulfil their promises, and I gave the burnous to their
Caids. While things are thus improved on that part of
the Tell our affairs in the south are going on satisfactorily.
On the Bth Col. Desvanx was occupied in regulating the
organisation of Tuggurt, the possession of which has
been already made known to your Excellency. At
Ouargla our success has exceeded our hopes. Captain
Colomb, who arrived in that oasis with a simple escort
of spahis and the goum of our khalifat, Si-Hamza was re-
ceived by a public fete, but he boldly interrupted these
demonstrations, and in the midst of the people, who were
stupified with astonishment, he reproached Ben Bahia,
the caid of Negonea, with having had relations with
the cherif, and ordered him to point out his accom-
plices. Ben Bahia hesitated, but Capt. Colomb seized
on 20 of the principal inhabitants of the town as hostages,
enforced the payment in advance of four-fifths of the tax,
replaced Ben Babia by his brother, restored the autho-
rity of Si Goubir in all the oasis of Ouangla, and after
leaving with that chief the means of maintaining his po-
sition, retired with our khahfat, Si Hamza, who was sur-
prised and overjoyed at the display of so much energy
and so much confidence in our strength. The restoration
of our power at Ouargla, and 'he submission of Tuggurt
give us an excellent attitude in the South ; never have
we yet ruled wader such conditions asfar as the southern
limits indicated by Nature for our Algeria. Beyond
that our influence can only reach by means of commer-
cial relations, and commercial interest will connect us
with those parts without our having to occupy ourselves
with them. They are too distant to serve as the basis
of operations for the agitators of the Sahara. You thus
see, Monsieur le Marechal, that the political situation of
the country is good, and we have reason to congratulate
ourselves on it.—Accept, &c., " PeLisstita."

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