The Sun.
London, England, 1854-01-12 00:00:00

MONEY MARKE T 1 LATEST FOREIGN NEWS.

AND
COMMERCIAL INTELLIGENCE.

CITY, TWO O'CLOCK.

The sales of cotton at Liverpool yesterday were
estimated at 7,000 bales. The market closed firmly;
compared with Friday's rates, prices of all kinds
were quite as dear. The sales comprised 4,500
American, 500 Pernam and Maranham at cid. to
Bd., 30 Bahia at 6i-d. to 6#d., 1,000 Egyptian at
Bkd. to 10d., and 1,000 Surat at 2i-d. to 4-id. per
lb. Railway share were dull, at declining prices.
The Vnion Bank of London has declared a divi-
dend at the rate of 10 per cent, per annum.
To facilitate decimal calculations for reducing the
gross weight of gold and silver to standard, accord-
ing to the assay reports, Mr. William Miller,
cashier at the Bank of England, has published the
tables used at that establishment. These, it ap-
pears have the sanction of the Governors, and are
arranged in a perfectly lucid form. Mr. Miller
not only gives the tables for prompt reference, but
shows his method for standarding gold, and calculat-
ing its cost, and also the same in reference to silver.
The author remarks that if the standard for gold were
but altered from eleven-twelfths to nine-tenths
fine, which is the standard of France, Holland, and
United States, and several other countries, and our
currency also were completely decimalised, changes
that might easily be made, and which would be of
infinite advantage ; the tables could be dispensed
with.

The General Screw Steam Navigation Company's
ship Crcesus left Southampton for Australia at 2.30
p.m. yesterday.
The advices by the Overland Mail do not give
a very favourable report either from Calcutta or
Bombay as to the condition of the markets for im-
ported fabrics. At Calcutta the sale of cotton goods
was slow, although money was abundant, and the
exchange on London steady. The indigo crop was
estimated at 107,000 maunds. At Bombay there
have been considerable sales of piece-goods, but
not on remunerative terms.
The Canton letters state that there was more in-
quiry for imports, but that the holders would not
accept the current low rates.
There are dates of October 20, from Swan River,
by the ship Indemnity, arrived at Ceylon, but we
have not heard of later intelligence from the other
colonies. The Adelaide accounts are only to the
11th October.

Notwithstanding the suspense and anxiety re-
garding the Eastern Question, there seems within
the last two days to be an under current among
certain influential parties, indicative of the belief
that the Emperor of Russia will acquiesce in the
note which Turkey has already accepted. Suppos-
ing the old treaties to be renewed, this is not at all
a matter for surprise. It has been remarked that
although very heavy money sales have been made
there are counter purchases for time, and that already
some Bull accounts have been carried over. Until the
19th or 20th of this month, the reply of the Emperor
of Russia is scarcely expected, unless some extra-
ordinary exertion l®e used to get it here before the
meeting of Parliament. Many shrewdly suspect
that such exertion will be made, as the Ministry
may be desirous of announcing something definite,
so as to disarm the Opposition that has strength-
ened against them. As far as the speculative ac-
count in the funds is concenied, the operators for
a fall are very cautious, and probably are still
" out" to a large amount. If, therefore, stock be
taken upon the account day to any extent, prices
may rise more than would perhaps be justified by
the news received. Consols opened at 921 and
have since been 921 to 93i. This is an advance of
about per cent. The New Three-and a-Quarter
per Cents. are 931 to 94g, and the Three per Cents.,
921 to 93k. Exchequer Bills are Is. lower, being
7s. to 10s. premium, and India Bonds' are par to
4s. premium. Bank Stock has declined fully 1 per
cent., being 216.
There is not much activity in Foreign Stocks,

though prices are generally steady. Mexican
Bonds are firm, being 23i, and. Equador are 41.
Grenada Deferred Bonds are heavy, at 6i ; Peru-

vian 3 per Cents. firm, at 47 ; and Brazilian 4A
per Cents. are marked 91. Russian 5 per Cents.
are supported at 108 to 109. Spanish 3 per Cents.
are scarcely so good, being 42 to Dutch Bonds
are flatter, the 24 per Cents. being 614, and the
4 per Cents. 944.
The last week's railway receipts, ascertained up
to this day, are in round figures as under :

North-Western
South-Western

RUSSIA AND TURKEY.

VICTORY BY THE TURKS AT KALAFAT.

The French Government received on Tuesday a
despatch from Constantinople, announcing a great
victory gained by Omer Pacha over the Russians
in the neighbourhood of Kalafat. The Russians,
who were more numerous than the Turks, had from
25,000 to 30,000 engaged. It is said, besides, that
the great majority of the population of Lesser
Wallachia have risen against the Russians, and the
victory now gained by Omer Pacha is expected to
decide such parts of the country as might still hesi-
tate to join the insurgents. This insurrection would
appear to be of an infinitely more general character
than the partial outbreaks already reported from
other quarters. Constantinople is said to be in the
greatest joy and enthusiasm ; the disaster of Sinope
is almost forgotten in the delight caused by the
signal advantage now gained.
The news thus received is said to have produced
a profound impression on the French Council of
Ministers, which was convoked immediately on the
arrival of the despatch at the Ministry of Foreign
Affairs.

It is said that the advantage thus obtained by
the Turkish arms was not confined tea single en-
counter, but that several took place—at Sistowa,
and on the Danube in front of Isatchka and
Matschin. The date given of these actions is the
19th December.

The Trieste Zeitung announces, under date of
Constantinople, January 2d, that three Persian
corps were marching against Erzeroum, Bagdad,
and towards the Persian Gulf. If this be true, the
English and Turkish envoys will have left Teheran.
Admiral Lyons was to leave Beycos on the 2d.
A telegraphic despatch, dated Odessa, Dec. 24,
says that all Russian ships of war in the Black Sea
have been ordered to assemble at Sebastopol.

Another despatch dated Vienna, Wednesday,
says :—" Telegraphic despatches from Hermann-
stadt announce that a serious engagement has taken
place at or in the vicinity of Kalafat. Cars were
arriving at Krajova filled with the wounded.
Krajova is placed in a state of seige, and the com-
mandant has threatened to visit with the severest
punishment all who shall disseminate disquieting
reports. As the victory is not ascribed to the
Russians, it is supposed here that they have
again been beaten. It is believed that the Russians
were the attacking force, as, a day or two before
the arrival of the wounded, the public were offi-
cially admonished, without apparent motive, to
keep perfectly quiet and not to be unduly concerned
at anything which might take place."
In reference to the above intelligence, the Paris
Correspondent of the Times, dated yesterday,
says :—" I noticed yesterday the report of some
advantages of having been obtained in Little Wal-
lachia by the Turks, the out-manoeuvring of the
Russian General Fischback by the Ottoman Com-
mander, and the withdrawal of the Russians
behind the Aluta. The Patric of last night also
mentions a rumour which (it says) it has reason
to believe to be completely well-founded, that the
Turkish army of the Danube has obtained a signal
victory at Kalafat over a Russian corps of from
20,000 to 25,000 men. The same journal states,
from Constantinople, that the Turks have also
obtained advantages in Asia. It appears that the
inhabitants of the Sandjac of Paskof-Tchai, and
those of the Sandjac of Tchaldia, on whom the
Russians appears to have entirely reckoned, had
declared openly for the Sultan. The Patric also
states that a telegraphic despatch confirms the
news given in the English journals of the entry of
the combined fleets into the Black Sea on the 3rd.
Six ships of the line remained at Beycos to guard
the entrance of the Bosphorus, and the second
division of the Ottoman fleet was at anchor at

Therapia.
" On inquiry I learn that the report about Ka-
lafat is founded on a despatch from Constantinople,

dated the 31st, and brought by the Chaptal, which
only arrived yesterday at Marseilles after a passage
of 10 days. Such intelligence, if it be true, ought
to have been known at Vienna before this, as the
combat (for an affair with a Russian corps of 20,000
or 25,000 men can scarcely be called a skirmish)
must have taken place nearly three weeks ago.
It is true that the line of communication from Ka-
lafat to Vienna is in possession of the Russians,
and this may account for a considerable delay. In
no official quarter here are any details known—no-
thing more, in fact, than what has been communi-
cated by the telegraph from Marseilles."
The intelligence relative to the advantages gained
by Omer Pacha, over from 25,000 to 30,000 Rus-
sians, at Kalafat, arrived in Paris by two channels
at the same time—from the French consul at Bu-
charest, and from General Baraguay d'Hilliers,
who wrote his account at the moment of the de-

parture of the Chaptal, which arrived on Tuesday
at Toulon. The despatch of the French General
announced at the same time that the united squa-
drons were on the point of convoying 15,000
Turkish troops to Batoum, and that Schamyl had
safely received all the ammunition and military
stores which had been forwarded to him.

A private despatch, via Trieste, has been received
from Constantinople, dated the 2d of January. It
announces that an Imperial Trade had been pub-
lished annoecing the acceptance of the proposi-
tions. Mustapha Pacha, commanding the Imperial
Guard, had resigned. Two Poles have been ap-
pointed Generals of Brigade in Asia. Lord Dudley
Stuart was at Varna.

A letter from St. Petersburg, received two days
ago, says that it is difficult to give an idea of the
rage of the Emperor Nicholas on learning the reso-
lution of the Vienna coiference. He was so
affected that for two days few cared or dared to
approach him.

- On the 26t11 ult. it was known at Constantinople,
says a letter from that capital, that a Russian
squadron, composed of three sail of the line and
several frigates, had been cruising for several days
in the Black Sea. On the 22d they were seen at a
distance of three or four miles from the entrance of
the Bosphorus.
From Bucharest, Jan. 4, we learn that since the
29th of December there have been 40,000 men of

the corps under Osten-Sacken in Walfachia. In
Bessarabia a new concentration of troops is going
on. Near Kremanzoff and Charcow preparations
are made for the establishment of two camps of
cavalry. Each will be composed of 10,000 men.
The park of artillery near Giurgevo is composed of
100 guns of large calibre ; that of Galatz consists
of 120 guns. The construction of the intrench-
ments near Bucharest continues north and south.
Two companies of sappers have arrived for that
purpose from Giurgevo at Bucharest. The offen-
sive movements of the Russians have commenced

on a grand scale. The corps of Osten-Sacken ad-
vances in the midst of ice. The Russian forces in
Lesser Wallachia advance in three columns. The
corps which will operate against Kalafat is esti-
mated at 22,000 men. The second marches through
Karakal, and the third along the Aluta. The in-
surrection of the peasants in Lesser Wallachia
may be considered as quelled. •
A letter from Trebizond of the 20th of Decem-
ber announces that three Turkish steam-frigates,
despatched from Constantinople with arms and am-
munition foT the Circassians, had completely suc-
ceeded in their object. The frigates had returned
in safety to Constantinople. Schamyl had ob-
tained some brilliant success. He had reached.
Nukhily, called likewise Nouka. He had de-
stroyed the bazaar of the town, and dispersed the
Russians who endeavoured to defend it. Having
arrived there, Schamyl was apprised of the ad-
vance of the Turks to Gunbut, but the indolence
and incapacity of Abdi Pasha prevented their junc-
tion, and the Russians saw Schamyl return to his
mountains. Selim Pasha, General-in-Chief of the,
armies of Batoum and of Tehourougson, had re-
ceived a despatch from Emin Effendi, Schamyl's
lieutenant in Abasia, announced that he had taken
possession of the arms and ammunition brought
by the Turkish frigates, and that he was about to
march to Soukoum Kalb, where he should certainly
meet a Russian division. News was impatiently
expected at Trebizond from that quarter. The
Turkish defeats at Akiska and Alexandropol are
confirmed. Abdi Pasha lost 25 pieces of artillery,
3000 killed, and 4,000 wounded. The courier
who,
arrived on the 15th of December at Erzeroum,
from Kars, brought news to Trebizond that the
Russians were within six hours' march of Kars.
The Russian agents expected that they would
march against that fortress, but it appears that
tic Russians did not enter the Turkish territory,
either because they were not supplied with the
means of conveying their artillery, or on account
1 of the excessive cold and the heavy fall of snow