The Sun.
London, England, 1853-11-04 00:00:00

LONDON, FRIDAY, NOVEMBER 4, 1853.

There is still an upward tendency in the quota-
tions on the Stock Exchange, notwithstanding the
energetic efforts of the speculators in a contrary
direction. The most formidable rumours have
merely a temporary effect, and the market speedily
rallies from the effects even of a circumstantial
narrative of a sanguinary encounter in Wallachia.
The obstinate capitalists continue to send in money
for investment, undeterred by the ursine manoeu-
vres. The most ingenious devices of the fraternity
prove utterly fruitless. When they offer to sell
at a depreciated price,
the bargain is forthwith
closed on behalf, not of a Bull speculator, a per-
son as unwilling to accept the stock bargain
as the other would be unable to decline
one anxious for delivery, and who will insist on
the due performance of his contract. The ano-
malous state of affairs of the quotations for money
being higher than for the account still continues,
clearly showing that the public feeling is strongly
opposed to that of the depreciators of the national
credit, and that, unless that feeling can be changed
in the interim—unless capitalists or fundholders
can be alarmed and a panic excited—the account-
day will severely test the pecuniary resources of
those who are themselves tumbling into the pits
they dug for the reception of others. Many of
the party, already terrified at the prospect before
them, yesterday endeavoured to buy back, at im-
proved prices, the stock they had sold on specula-
tion, without having it in their possession—closing
their accounts with many sighs for their own folly
and mistaken estimates as to the course of events.
This naturally led to a considerable improvement,
which was temporarily checked by a report of a
collision between the opposing armies, which ter-
minated favourably for the invaders. This,
however, was soon disregarded. It was found
be without any kind of corroboration, until
we are told that bargains were effected for money
atesi, the Th scarcity ultimate quotation being 94i to 95k.
and it is of stock for delivery still continues,
said that the brokers find the greatest
difficulty executinof g orders, except such as are
amo~t
ments with the cit e• If we combine these state-
of stock borrovo„ unutailee of the large amount
at a
the last account-de, mga rate of interest on
y, and which
we may form a rough must be replaced,
est'
which the ursa minoreS lraate of the difficulties
_
will have to encounter Stock Exchange
, and of thee
which will
compel them to disgorge a age probably
their ill-gotten plunder. proportion of
As to the state of the Eastern question which
exercises, and must continue to exercise, so 2
import-
ant an influence on the money market, we have but
little to add to the observations.which we have
vffered day by day, and the general accuracy whereof
receive additional confirmation from fresh intelli-
gence received. We find the general conviction
prevailing abroad that there will be no general
war, and that even I there should be a collision,
which is notveryprobable, that it would not materi-
ally impede or interfere with an amicable terming_
tion to the dispute—a matter which is no less
he SULTAN.
eagerly desired by the CZAR than by t