The Sun.
London, England, 1854-11-28 00:00:00

REINFORCEMENTS FROM INDIA.

It having become a topic at the " Clubs" at the W est•
end that the withdrawal of Queen's troops from India,
supposed to be decided upon by the Government, will
prove an eligible means of reinforcing the array in the
Crimea, we beg to lay before cur readers the following
brief resume of information regarding the Indian army.
The Queen's troops in India consist of four regi'
manta of cavalry and fourteen regiments if infantry.
The total number of troops under British control in India
amounts to 320,000 men, while in some of the few
remaining native states there is a military force of not
less than 400,000 men ; the latter, of course, being ell'
thing but the disciplined troops of the Presidencies
known by the name of the Sepoys. It is by the resti96
of our arms alone that we govern India, and to practi•
cally support it the whole native army is officered by A
body of about seven thousand British officers from gene'
rals down to ensigns, the last being the most numerous
class of officers. To the Bengal Presidency are attached
74 regiments of native infantry ; Madras, 54 regiments
native infantry ; and Bombay, 29 regiments native in'
f4ntry. Recently a third European regiment has been
raised for each Presidency. These new regiments ar°
included in the above estimate.
It is evident, from the exact statements we have
been able to advance, that, although it is indispensable
that we should keep up the prestige of our arms Is
India by the presence of a large European force, yet:
whilst the Indian Empire is in perfect peace, a peace no°
very likely to be disturbed or interrupted, it is perfectly
feasible that 5,000 men, highly disciplined, experienced,
and first-rate soldiers, might at least be spared frora the
eighteen regiments of Queen's troops nowserving in India
by sending them as reinforcements to the Crimea.

We understand that in consequence of the late fatality
amongst the army in the East, a new plan of surgicel
arrangement has been suggested by Mr. Rogers,
Majesty's army contractor. It is that each officer an
soldier shall have attached, in a pouch of small dim en.
sions, to his shoulder, a pouch of flattened shape, to
be
concealed by cloth, containing lint and bandage, and tae.
be pulled out at a moment's notice. Suck plan, aceor
ing to Mr. Rogers, will diminish the duties of the Or
mental or staff surgeon.

AIONEV MARKET

AND
COMMERCIAL INTELLIGENCE.,

CITY, TW 0 O'CLOCK, Shr.
The sales of cotton at Liverpool yesterday were
estimated at 7,000 bales, including 500 American
and 500 Surat taken for export. The market St
closed with a downward tendency, and, as com-
pared with Friday's rates, prices of American and 50
Surat may be quoted 1-16 d. per lb. lower, and all 13
other sorts in favour of buyers. The sales corn- 31
prised 5,000 American, 350 Pernam and Maran- 27
ham, at sd. to 6d. ; 300 Egyptian, at 50. to
91d. ; and 1,500 Surat, at 20. to 41d. per lb. 22
25
Railway Shares were dull, at lower prices.
The letters and papers by the Overland Mail St,
from India and Australia are in course of delivery. St.
The circumstance of Parliament being called 10
together as early as the 12th proximo sets our City 50
financiers at work to surmise or suggest the means 50
of replenishing the Imperial Exchequer, and if one 20
half the expedients that appear feasible were at- 20
tempted to be put in practice we should indeed 5100
have " confusion worse confounded." There are 25
one or two plans, however, so comprehensible that
they take precedence of all others. In the first 25
place, a new loan in 3 per Cent. stock, according 2 So'
to the good old fashion, is what every tyro in finance Bt.
can understand, and what ono-half the speculators
in the funds would desire. An increased supply St.
of Consols would bring business, and enable the 25
time dealers to buy and sell on a larger scale,and sstt:
with le,s risk than at present, for it is found 10
that the amount of floating stock in the mar- St.
ket is perfectly inconsiderable compared to 10
what it was many years since, large corpora- St.
tions and trusts having absorbed nearly S.
St.
all that could be got, and at almost any price, St
while the annual accumulation of wealth in the St.
country has increased the holdings of private capi- St.
talists and annuitants. It may be readily supposed St.
that, under such circumstances, and with Consols
2
at 91, there would be no difficulty in raising 10 or 15g
20 millions sterling within a few days ; and if our 16i
Government were not above imitating the recent 16i
example of France, double or treble that amount St.
oould be raised with facility. As the loan would Pi
be essentially for patriotic purposes, we can see no it
reasonable objection to an appeal to the public, Ili
and the opening of subscription books would afford st.
the best possible test of the money market, and st.
give the Chancellor of the Exchequer the chance 20
of obtaining higher terms than if one or two 10
firms took the contract, and had their own IS2t!
profit and commission to realise at his expense. 50
Admitting, however, that a loan is resorted 40
t), there are other improvements in the pro- 25
cess which would be very desirable for the 2sst.
public interest. The great permanent or con- Bt2l
solidated debt of this country has been incurred St.
under most onerous and inconvenient restrictions. st.
Incurred, indeed, as if the express object were to 50
saddle all generations with the liability, and. to 12
defeat any attempt on the part of the Government 6)
to take advantage of an easy money market in 25
reducing the rate of interest. The success of every 50
financial operation mainly depends upon the 20
promptitude, vigour, and courage with which it is st.
carried out, and an imperfect plan, boldly carried 50
out, may prove more advantageous than a scheme St.
of intrinsic excellence badly executed. The great 16
desideratum in effecting any new loan should be to 16
insure its convertibility in the event of the na-
tional finances becoming so elastic as we may st.
reasonably hope they will in more auspicious times. 25
To be compelled to give twelve months' notice of 25
an intended reduction in the interest upon 50
Consols is tantamount to an invitation to t
the holders, and especially the larger capi- 10
talists, to seek by every possible means 10
to defeat that intention. Nor can we blame
the parties concerned, however we may desire to 20
deprive them of the power in any future contracts. 10
Supposing a loan contracted, it should be corn- 10
petent for the Chancellor of the Exchequer for the
time being to reduce the interest without the St.
slightest previous intimation, the rights of the
holder being always adequately respected by the 20
option of receiving back par, or in nine cases out of gt,..
ten, more than he ever paid. This brings us also io
to another and not less important part of the gees- 6A
tion, viz., whether it be preferable to borrow at a ...-
high or a low rate of interest. Our own predilection
is in favour of the more liberal, as being ulti- rSt.
mately the more economical, course. Consols at 50
91 pay rather over 3i, but allowance has to 20
be made . for the accrued dividend, and if 20
the Government requires 15 or 20 millions star- 25
ling it might be expedient at once to offer 3i or
31 per cent., so as to obtain 1001. or more in cash st.
for every hundred of liability incurred. There is 10
still another, and, with many, a favourite expe- St.
client. In a short time a large amount of fermi- 25
nable annuities falls in, relieving the Treasury of 20
a considerable annual payment of interest, and 20
rendering the creation of new annuities of the so
same class both necessary and. facile. The amount 20
to which these could be placed, however, might --
not meet the full present requirements of tht Go- 20
vernnient, although there is nothing to be slid to
against raising a portion of the total by opening
subscription books for new terminable annuities.
One-half the persons of small means scarcely know
of the existence of such securities, and would 105
gladly invest in them. The Chancellor of the 20
Exchequer has evidently a choice of means, but 20
fresh taxation, it is feared, must accompany any
one of them. •17
••
Although it was natural that public securities
20
should decline with Parliament about to assemble, 20
and new burdens impending, the necessity of this 20
course has been too long appreciated for the official 20
announcement to occasion any violent oscillation,
20
and the hope is generally expressed that we shall lzo'-o'
not delay our financial measures until the Conti-
nental Governments have cleared the market 100
of its surplus cash. If the Chancellor of the 20
Exchequer should simply ask the power, 25
and not forthwith use it, he will undoubtedly 155
make a great mistake. Consols have been
01 to and since 911 to for transfer and ac- 100
count, the market looking better within the last
hour. Exchequer Bills have been marked 3s. to 100
65., and East India Bonds 11s. premium. The 29
New 3 per Cents. have been 89,1 to Bank ,g
Stock has been a shade better, viz., 209 to 210 k. 20
In the Foreign Market there has been more
sellers. Turkish Scrip has declined to 7k and 81. 100
discount. Mexican Bonds have been 21i to
3.
Brazilian Old Bonds have been quoted 96. Rus- .11-0000
sian 5 per Cents. have been done at 961- to 1, and too
Sardinian at 86k. Spanish Deferred have been
20,
at 18g.
The following are the nominal prices of Foreign 1-02
Stocks :—Grenada Deferred Bonds, 51)-. to 54 ; Mexi-
can, 2la to 21ft ; Peruvian, 67 to 69 ; ditto,
3 per Cents., 47 to 49 ; Portuguese 4 per Cents., 20
40 to 42 ; Russian 5 per Cents., 94 to 96 ; ditto,
41 per Cents., 85 to 87 ; Spanish New Deferred 4
181 to 18k ; ditto, 3 per Cents., 372 to 381; ditto, 20
Certificates, 5i to 5a ; ditto, Passive, 4i to 41. 20
For Railway Shares the prices have been to E
per cent. lower generally, but there has not been a 331
large business done at this decline. The Foreign 10'
Shares are dull. 20
For the Joint-Stock Bank Shares the quotations 20
are rather feebler. 20
The Miscellaneous and Mining Shares are heavy. 16
20

BRITISH FUNDS THIS DAY.—CLOSING PRICES,
( From the Of icial List.)
rtwiness done

Bank Stock . 21.0i 9
3 per Cent. Reduced Annuities ............. 891
3 per Cont. Consols Annuities ............. 91i 1
New 3 per Cent. Annuities 893 4
I,OIF Annuities, Expire sth Jan., 1860 4 5-16 t
ulttc 30 Years, ExPue • 10th Oct., 1859 4 1-16
India Bonds, XlOOO
Ditto, under £lOOO ll 7
Consols for Accountl
Exchequer Bills 20
11000 all ........ .................
3 6
Exchequer Bonds 1858, 34 per Cent. —
Ditto 1E59,
PRICE OF FORBIGN"F 99
Brazilian Bonds, 5 per Cent .. FUNDS THIS DAY.
Mexican 3 per Cent. ...................................... 92613 A
Russian Bonds, 1822, 5 per Ceal .
S trdinian Bonds, 5 per Cent ........ .. 96 b
Spanish Bonds, 3 per Cent B6i
Ditto New Deferred, 3 per Cent ...•„• 18i
Ditto Passive (Converted)
Spanish Committee Cert. of Coup. not fun 5l p
Turkish Scrip 6 per cent
Ditto for the Account
7,1 a 74 st
Dividends on the above payable in London.
Dutch Exchange, 24 per Cent. 12 Guil
Ditto 4 ner uent. uortifieates
THREE 0 CLOCK

20
10
20
20

Consols .................................. 913
Ditte, A ceo,3 nt .........

REPRESENTATION OF MARYLEBONE.—On Saturday It
meeting of electors of Marylebone took place at the
Moreton Arms, Kentish-town, Mr. R. Hewlett in the
chair, at which a resolution was passed, to the effect 50,
that Lord Ebrington should be requested to make a a
statement of his political opinions, with a view to his 100
nomination for the borough. A letter was written to
his lordship, enclosing a copy of the resolution. Yes-
terday, at a meeting of the representative vestry of St.
Pancras, at the Vestry-hall, the resolution passed at the
meeting on Saturday, was brought under discussion.
100
Some of the speakers objected to the nomination of Lord
Ebrington, and urged that while that noble lord was
acting with the Poor Law Board he had insulted the
12
people of England. The meeting was not attended with
any result. The names of several gentlemen have been 25
mentioned as probable candidates, among others these of 25
Mr. B. Oliveira, Mr. G. Grote, and Mr. .innaird,Y but 50
zotrupg seems yet eettled.

20
50
20
25

SE ARE MARKETS.
(THIS DAY.)

RRTTISH ICAILWAYS.

Paid.l RAILTrATe.

10losing Prices
this day.

19 - 20

.00 I Aberdeen..

I Ambg. Nottng. Bost

and Eastn. Junet...
all Belfast & Ballymena.
all firming. Wolverh.

Stour Valley ... . ..
29i Birkcnhd. Lanesh. do

-
Cheshire Junet
all Do. Chesh. dt Birk.,
£5O and £25 Cons.,

19 Do., £20...
30 Myth &Tyne original
£25 (issd. at £45),
100 Bristol and Exeter...
100 Ca1ed0nian............
21s. Carmarthen and Car

di(andtillolyhead
Chesterall
all Cork and Bandon..,
all Cork, Black, & Pass.

16 Carnwlll
Orloff Junctiou
45 Dublinallelfastiune,
all bandeoPerth&Aber

4 - 4t

81
113 103 d
17 18
7 6

.•• - •••
94 - 93
59 -54

- 11
10 - 11

n -- i

(leen Junction
all Do. New
100 Fast Anglian
' all Eastern Counties
100 Eastern Union, A

Stock
100 Do., B. Stock
86 Do., Now A
100 East Lancashire
100 Edinburgh & Glasgow
96 Edinb. and Peebles
100 Ed.in.Prth &Dundee
1 Forth St Clyde June.
100 Glasgow& S. Western
100 Great Northern
100 Do., A. Stock
100 Do., B. 5t0ck........
100 Sth. &Wcst.(lre.)
1.00 'Great Western
100 Do. Stour Vol. Rail

- 7

11 - 15,
11 - 11,

32 - 34
20 - 22

Gua. Stk
all Irish South-Eastern
all fAneaster & Carlisle
14 Do., Thirds
4 Do. Now Thirds
100 Laneash.andYorksh
1.91 Do., Fifths
114 Do., Wst. Riding Un 1
all Liv.Crsby.&Southiat
all London & Blackwal
100 Lond. Bright k S.Cst
100 Lond. and N. Westn.
12 Do. Fifths
1 D0.101.5h.,M&8 i

Do. Eighths
100 London and& Wostn
42i Do., £5O .
34 Do. £4O
all Ltandrry& Col erai u
all Lndndrry. be Ennisk •
100 danch.Shef.& Lineln

67 - 69
5 - U

i6i

71
104
98
id
4d
1k
18i
1104

- 69
88

106
934
d

- 8 ~

201 —21 s

4A Do., Man. & Lin. Un.
.00 Midland
.00 Do. Birmn g. & Derby
all Midld. G. West. Om )
226 Do. Half Shares
1.11 Newcastle & darlisle
Newmkt.BuryExten
19), Nvrpt.Aberg.&Hrfd
S Newry &Enniskillen
all Newry Warrenpoint

67 - 670
38 - 40

764 4d
10 9i
2 -2,

and Rostrevor
LOO Norfolk
3 No rthn.Counties Un
LOO North British ,
all! North Devon, No. 1
all Do., No. 2 .
all Do., A Deferred
all Do., B Guaranteed
LOO N. Eastern—Berwiek
20 Do. do. Extension
13 Do.do. G.N.E. Pura.
all Do. Leeds
LOO Do. York
all North London
8 j Do. New £lO
Li is N.&S.Wstrn.,Hamp
• -

47 49
31 ah
31i ... 32i
g 10

-
74 -
- 75
6 -6;:
4 - 34,,
- 131
51 -- 52
52 -
•-•-•

stead, and City Jn..

id IT
41 4:d
6t 65
id—ip

17 North Staffordtihiro.,
all North Western
all N. &S. Westrn. June
1 Nuneaton, Hinckley
and Leicester

LOO Oxford, Worcester, &
Wolverhampton
6 Portsmouth
LOO Scottish Central .
LOO Scottish Midland
all Shrewsby. & rlerefd
all Shropshire Union
Do. A, B, C,& D,full3
paid up at per con
all South Devon
100 South Eastern
all South Wales
15 S. Yrksh. & Riv. Dur
5 Do
8 Staincs,Wok. &Wok
all Atoekton & Darling.
16 Stockton & Hartlepl.
1.00 Taff Vale
9 Do. £lO shares.
1.00 Do. Prof., No. 1
21 Thames Haven Doe],

29 - 31

and Railway
all Valo of Ncath
all Watered. & Kilkcnn3
all Waterford&Limeriei
18 West Cornwall.
3 West End of London
and Crystal Palace..
all West Loudon
Ills. Wimbledn & Croydon

91 - 93
60 - 62
71- Si
43 - 45

i- - 14
57 - 58
29 - 30

i— i d

in = k

3 -
17 18
4} - 4
22 - ^4
6 - 7

• - ••
- 7

FOREIGN.

all A ntworp&Rotterdaml
3h Belgian Eastn. June.
S Beziors to Graissosnac
2s. Bombay, Baroda, and

Centi;;llnclia,Serip
Central of Italy -
all Demerara._

14 Dijon andliesancon
10 Dutch Rhenish
all Eastern of France
10 Do. New

all East Indian
2 Do. Extension
all Do. 4 p. c. Bds., pay
'57, convertible...:
all Do. do. do., '59, do
10 Gd. Janet. of France
12l Gd. Tk of Cans.daA is.
all Do. do
all Do. St. I►wrenco

Atlantic do. .........
all Do. Ccrt. of Deben.,
con. into Stk. till '63
all Do. Comp. 6p. c., do.
10 Gt. Central of France
all Gt. Indian Peninsula
1 Do. New 5 per cent.
all Gt. Western of Canada

Shares
all Do. Bds., payable's7,
with option till '55.,
all Do. do., '62, p. '56...
all Do. do., '76, p. '60..,
all Do. do., '73, without

15
11i k

61 7i
53

75 4
13i
131
50

121 i 13

43} 3

58 74 8
29a

6
4 3 d

d— A p

- P
3 -3.}
30 -30 i

2A
id par

~. 4"m• ...

.•
8 - 7 ti
Si - 'lt

g 7d
9 8,1
par ttP
a iP
par iP

17 -18

id fp'

option..
all Hamilton & Toronto
all Do. 6 per cent.
11 Lake Const. & Basle
all Lucca & Pistoj a 5 p.c
prof
12 Great Luxembou
Constituted Shares
all Do. Obligations

6 1
30i

lid - id
1 d par
par 2p

... dis

31 -
2 - 21-
a - tp

10 Lyons and Geneva..
12 Lyons & Mediterran
16i Madras
2 Do. New
31i Maria Antonia
all Do. do. New
2 Melbourne Dk. & Ry,
all Namur & Liege (with
interest)
all Do. (ex interest)
all Northern of France
all D 0.201. Shs.late Char•
leroi and Erqueline2
guar. 3a p. e. & red.
at 221. dur. 88 yrs.'
from 1 Jan. 1854....
all Do. 201. 3 p. e Mr.
(fmy.B.& Ams. She )
all NorwegianTrunkPrel
14 Paris and Lyons ,
all Ditto Bonds ...
all Paris and Orleans...
all Paris and Rouen.....
10 ParisCaeu & Cherbrg
all Rouen and Havre....
20 Royal Danish
3 Royal Swedish
all Sambre and Meuse
all Do. 5i p. cent. Prel
10 Southern of France,
14 St. Andrew's and
Quebec (A)
all West Flanders
all Do 5i per c. Pref
10 Western of France
in West. of Switzerland
all Wiesbaden
I 20 Zealand

... -....
ta-tP

••• .... •

••• '''''

JOINT-S'

6} - 7

••• •••
.33 --- 33!

12*-- 12'!

84 -- 9A
18 -- 180

45 47
36 38
—• Pm
20 y. 21
Id par
21 lid
8i

8
all Australasia .....' ..
_... .
all ritish Colonial Bank
and Loan Company
all British N. American
5 Chartd. Bank of Asia
2 Chricl. Bnk. of India,
Australia, Sc, China
25 Colonial ................
20 Commercial of Lond.
16 English Scottish and.

oh ...

id—id

..

3 2idl

Australian
all Lond. Chart. Bk. of
Australia
20 London and County
10 London Joint Stock
20 Lond. & Westminster
35 National Provincial
of England
10 Do. Now
222 National of Ireland
all Now South Wales
all Oriental Bank of
Corporation.
25 Provincial of Ireland
all Do. Now

231 - 24

35 = ifi

38 - 40

1 Royal Australn.Bkg.
& Gold Imp Co._
all ,outh Australia
all Union of Australia.::
Do. New
10 Union of Low :toms",

42 - 44
70 - 72
8 - 9
, ~...,
ft C irh,