The Sun.
London, England, 1854-05-23 00:00:00

THE SUN, LONDON, TUESDAY EVENING, MAY 233 1854

MONEY MARKET

AND
Co3l3lf.tiC'7AL I2VTELLIG-'ENCE.

CITY, TWO &CLOCK
The sales of cotton at Liverpool yesterday
were estimated at 6,000 bales, including 1,000
American taken on speculation. The market
closed with prices but little changed. The sales
comprised 5,000 American, 200 Pernam and
Mar anharn, at 60. to 81d, 100 Bahia, at 60. to
6/d. 300 Egyptian at 6d. to 7d., and 500 Surat
at 21d. to 3fd. per lb. Railway sharei were dull.
The mercantile markets are quiet, and except for
one or two staples, the demand is only for imme-
diate wants. Referring to the tallow trade,
Messrs. F. J. Smith and Charles observe :
"We have had of late to record very fluctuating
markets—frequent declines followed by reactions. The
latter have been the natural consequence of the former,
which have not been based upon any substantial fact,
either political or commercial. They have rather been
the result of operations entered into by Bear speculators,
who seeing no disposition on the part of the trade or
general operators to buy, have calculated (correctly
enough, as the event has shown) that by forcing sales
they would frighten timid holders, get down the
market, and come in cheaper. The great facts, how-
ever, remain the same. From Australia, South America,
we cannot have more than last year Russia
is blockaded, and any tallow we get from thence must
be brought everland, at an expense of 1541. per ton at
least over the usual charges, without calculating loss in
weight, en route, --ihich may be fairly taken at 21. to 31.
more. Now what are the facts at home ? We have a
stock of 36m Casks against 32m, the average of the last
four years. We have the Outports extremely bare ; the
trade without stock, for, instead of manufacturing their
home tallow into candles, to be ready for the autumn
demand, they have been selling it to the soap trade for
their daily wants. A more than usually vigorous de-
mand may, therefore, be confidently looked for in Au-
gust and September next.
The following is a copy rf the official notice,
establishing a blockade of the Russian ports :
" Amphion, Harbour of Memel, Mayl2.
" Sir,--I have the honour to inform the Consuls of
her Majesty at Riga, Libau, Windau, that those ports
are at length in a state of rigorous blockade, and that
all the ships which leave after the 15th May, either
wholly or partially laden, will be stopped and sent to
England or France, to be there declared good prizes.
This communication is to be made public in those ports.
"I have the honour, &c.,
(Signed) "A. C. KEY, Captain.
" M. M. J. Hertslet, Esq.,
H.B.M. Consul at Memel."

The Belgian merchants and Chambers of Com-
merce are still urging their Government to solicit
further indulgences for neutral vessels, but the
latter very properly meets their solicitation by the
assertion that the allies are acting with great for-
bearance, and could not be expected to concede the
points asked. Some of the Belgian shippers have
had practical evidence of our indulgence towards
neutral ships, seeing they executed large orders for
small arms on Greek and Russian account.
Odessa advises of May 18 report great activity
in the repair and reconstruction of the fortifications.
Guns of a larger calibre are to be mounted, and
the ruins of th arsenal are to be cleared away and
another built as speedily as possible, General
Sucharon having been ordered to put everything
into a state of defence. The concentration of
troops in Poland continued.
Letters of May 15 from Bucharest still express a
doubt whether her Majesty's steamer Tiger was
not got off.
The ship Maidstone brings accounts not later
than February 7 from Sydney, and 15,715 ounces
in gold.
The debate in the Commons last night upon the
Exchequer Bonds bears out what we mentioned
yesterday as the general impression in the City,
viz., that there would be a large majority for Go-
vernment. The more Exchequer Bonds are known
the more they are likely to be appreciated both at
home and abroad ; but with a large number of those
who profit by new loans, at the expense of the pub-
lic, they c ,uld not be expected to be popular. The
matter about which we are now in suspense is the
rate of interest at which Exchequer Bills will be
renewed. Upon this subject, there are stated to
have been interviews between Mr. Gladstone and
the Governor of the Bank of England, and the
result, as some report is, that 2id. per centum per
diem, will be the allowance. There were expecta-
tions of 21d. being given, and there are still doubts
if the bills will float at a premium under that rate.
The stock market, which after the official hours
of business went better yesterday, has become still
firmer this morning, upon the idea that Exchequer-
bills will not have such a high rate of interest ac-
corded, as was considered probable a short time
back. The publication of the treaty between
Austria and Prussia has rather a good effect,
and the terms are looked upon as being more
satisfactory than those in the Emperor's, letter,
published yesterday. Consols have been done
at 88/, and since at 89k at 89k for Trans-
fer. The Account prices have been 89 to k.
Excliever Bills are still 2s. discount to is. pre-
mium, and the Bonds to premium. East India
Bonds are ss. discount. There is more doing in
the New 31 per Cents. at 88s to 89, and in the 3
per Cents. at 87/ to 877 T. Bank Stock is firm at
205.

Foreign Stocks are.veryquiet Russian, however,
have been higher, having realised 95 to 951 for the
5 per Cents. Dutch 2 per Cents. have been
more animated at 59 to 59g. Spanish Bonds are
nominal. Mexican are rather heavy at 24g.
Railway Shares are a little firmer in some in-
stances, but without much being done. North-
Western better, and South-Eastern have im-
proved to g. York and Berwick are flat. Great
Western firm. French Shares are rather neglected.
The Mines are dull, and the Banks cheaper.
Land Companies steady.

BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
(From the Official List. ) _

Business done.
Bank Stock ..
205
3 i
ip3cerr
CCeenntt.
CRoendsouclesdAAnnnuniutiiteises
87
89 84 91
New 3i per Cent. Annuities BBk 98i
India Bonds, £lOOO
Ditto, under £lOOO 5 d
Consols for Account fth Juno B9
Exchequer Bills, 2d.
£IC ..0
2 d. 1 p
2500
Small 1 p
Exchequer Bonds Scrip 2 p
........ .......... p
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
vexican3 per Cent.
Russian Bonds, 1822, 5 per Cont. X. St„„ 9si 5
Spanish Bonds, 3 per Cent .................
Ditto Passive (Converted)
Dividends on the above payable in London.
Dutch Exchange, 2{ per Cent. 12 Gull
Ditto 4 per Cent. Certificates
HALF-PAS?' TWO.
Consols ....................... 89
................
Litt() June Account.,..,

DEPARTURES FOR THE AUSTRALIAN COLONIES.—The
departures from the port of London for the Australian
colonies during the week show a considerable decrease.
They have comprisecl but three vessels—two to Ade-
laide, with an ae,gregate burden of 976 tons, and one to
Port Phillip. of 660 tons. Their total capacity was,
consequently, 1,636 tons. The rates of freight continue
very heavy, shipments having latterly been limited.
AMSTERDAM AND ROTTERDAM PRODUCE-MARKETS—
The weekly reviews from the Amsterdam and Rot-
terdam produce-markets state that business was inac-
tive. The transactions in coffee had not been exten-
sive, and prices for some descriptions were rather lower.
Sugar, raw and refined, presented little alteration, but
purchases had been slightly increased. Indigo had be-
come firmer since the late public sales, and tea had been
fairly supported.
ROUEN. —The letters from Rouen mention that the
market for manufactures had experienced little change,
the operations having been generally limited.
ST. PETERSBURG.—The letters from St. Petersburg
are to the 15th of May. The two American ships which
had recently arrived had sailed with cargoes, and two
other foreign vessels had entered, making a total of 13
since the opening of the navigation. The merchants
were using active efforts to send away as much produce
as possible overland, but opinions were greatly divided
as to the quantities which the means of transport during
the season will allow of being despatched. From Riga
the advices mention that the captain of the A.mphion
had given notice of a blockade to commence on the 15th
and that meanwhile large amounts of hemp and flax had
been shipped off—a circumstance which has increased
the recent reaction in the price of hemp in the London
market, which is now about 101. per ton below what
was demanded a few weeks back. From Memel accounts
dated the 18th inst. state that an English steamer was
approaching with four Russian prizes in tow, supposed
to have been taken out of the Russian harbour of Libau
on the previous evening.
THE FORTHCOMING TRINITY TERM.—Yesterday the list
of arrears for the ensuing Trinity Term, commencing on
Thursday next, were exhibited at the offices of the com-
mon law courts. There was an increase of business, and
the " cheap shops" of the superior courts, as Lord Camp-
bell termed them, are getting on. The arrears of the three
courts number 142. In the Queen's Bench there is one new
trial rule for judgment, and 29 for argument, including
the famous one "Lumley v. Gye." In the special paper,
demurrer list, and county court appeals, there are 5 mat-
ters for judgment and 25 for argument, and of enlarged
rules there are 10. In the Court of Common Pleas there
3 enlargedforu
drug lme se,
nBt n e
ow
ntlryi a
tl
wr uo
de se,maunrd.
In the Exchequer there are 55 rules
ofar oenr uer
str onlyh
arem al t
stltes7r, s rules,2 entered.standingo
the peremptory paper, 2 on the special
paper for judgment, and on the new trial list 5 forjudg-
ment and 42 for augment. Trinity Term is the last
term before the long vacation. There is very little busi-
ness in the Common Pleas compared with the other two
courts, and a question has been raised in the profession
whether the law business should not be divided between'
the- thTee Courts in a somewhat similar manner to the
rule adopted in the Court of Chancery.

LATEST FOREIGN NEWS

THE TREATY BETWEEN
AUSTRIA AND PRUSSIA.

The following is a translation from the original
German of the defensive and offensive treaty lately
concluded between Austria and Prussia. The mi-
litary, or so-called secret stipulations, which con-
tain the eventualities spoken of in the convention,
have not yet been obtained : •
"OFFENSIVE AND DEFENSIVE TREATY
BETWEEN PRUSSIA AND AUSTRIA.
"His Majesty the King of Prussia and his Majesty
the Emperor of Austria,
"Penetrated with profound regret at the fruitlessness
of their previous efforts to avert the outbreak of war be-
tween Russia on the one side, and Turkey, England,
and France on the other;
"Considering the moral obligations imposed on them
by having signed the last Vienna protocol ;
"Seeing the constant augmentation of military mea-
sures on both sides, and the increasing dangers ema-
nating therefrom to general peace ;
"Persuaded as to the high mission which, on the
threshold of a funeste future, is allotted to them and to
Germany, intimately allied with both States, in and for
the interests of European welfare ;
"Have resolved to unite, during the existence of the
war which has broken out, between Russia on the one
side, and Turkey, France, and England on the other, in
a defensive and offensive alliance, and have named for
the conclusion thereof the following plenipotentiaries :
" His Majesty the King of Prussia, his Minister-
President Baron von Manteuffel, &c. ;
" His Majesty the Emperor of Austria, his actual
Privy-Councillor Baron von Hess, and his actual Privy-
Councillor Count Thun von Hohenstein ' •
"The same, after exchanging their full powers, found
in due order, agreed upon the following points :
" Art. 1. His Majesty the King of Prussia and his
Imperial Apostolical Majesty reciprocally guarantee to
each other the possession of their German and non-Ger-
man territories, so that any attack made upon the terri-
tory of the one, no matter whence it may come, shall be
regarded as a hostile attack on the territory of the other
" Art. 2. In the same manner the high contracting
parties hold theinrelves bound to safeguard the interests
of Germany from all and every inroad, and regard them-
selves, consequently, as bound to resist every attack
upon any portion of their territory, in case that one of
them should, in accord with the other, find itself re-
quired to move (voranzugh,en) in defence of German in-
terests. Agreement as to the initiative (cintritt) of the
eventuality just mentioned, as well also as to the extent
of assistance to be afforded, shall form the subject of
special arrangements, which are to be considered as in-
tegral portions of the present treaty.
"Art. 3. In order to give the necessary weight and
strength to the offensive and defensive treaty concluded
by them, the two great German Powers bind themselves,
in case of need, to hold a portion of their military force
fully prepared for war, at given epochs and at given
points to be determined between them. Special resolu-
tions shall also ensue as regards the time, extent, and
mode of employing this military force.
"Art, 4. The high contracting parties will invite all
German States to adhere to this alliance, in such measure
as is provided for by Art. 47 of the Vienna concluding
acts, so that the legal federal obligations shall receive
such extension by adhering States as the present treaty
points out.
"Art 5. Neither of the high contracting parties will,
during the existence of this alliance, conclude any sepa-
rate treaty whatever with other States, which does not
fully harmonise with the principles of the present treaty.
"Art. 6. The present treaty shall be submitted, as
soon as possible, to the ratifications of the august So-
vereigns.
"Done at Berlin, April 20, 1854.
(Signed) " VON MANTEUFFEL.
VON HESS.
VON THUN."
" ADDITIONAL ARTICLE TO THE OFFENSIVE AND DEFEN-
SIVE TREATY CONCLUDED BETWEEN AUSTRIA AND
PRUSSIA.

" According to the stipulations of Art. 2 of the treaty
concluded this day between his Majesty the King of
Prussia and his Majesty the Emperor of Austria, rela-
tive to arriving at an offensive and defensive alliance,
the more explicit understanding as to the initiative of
the eventuality whereon the action of one high con-
tracting party for the common defence of the territory
of the other shall be grounded, will form the subject of
special arrangements to be considered as integral por-
tions of the principal treaty.
"Their Majesties have not been able to overlook
(haben sick die Evweigang nicht entzichen Karmen) the
consideration that the indefinite prolongation of the oc-
cupation of his Highness the Sultan's territory on the
Lower Danube by Russian troops will endanger the
political, moral, and material interests of the whole Gar-
man Confederation, as well as of their own States, and
this in so much higher degree the further Russia extends
her war operations over Turkish territory. The august
Courts of Austria and Prussia are united in the wish to
avoid, if possible, all participation in the war that has
broken out between Russia on the one side, and England,
France, and Turkey on the other ; and at the same time
to aid in the re-establishment of general peace. They
specially consider the explanations recently given by the
Court of St. Petersburg, at Berlin, whereby Russia ap-
pears to consider the original cause of occupying the
principalities as set aside by the concessions now made
to, and in many respects carried out in favour of, the
Porte's Christian subjects, as a powerful element of
pacification, which they could only deeply deplore were
they to see it deprived of further practical influence.
They therefore hoped that the expected replies of the St.
Petersburg Cabinet to the Prussian propositions, trans-
mitted to it under date of the Bth inst. will offer the re-
quired security for the speedy withdrawal of the Russian
troops from the Turkish territory. In the event that
these hopes should be disappointed, the plenipotentiaries
before mentioned, namely, on the part of his Majesty
the King of Prussia, his Minister-President and 'Minister
for Foreign Affairs, Otto-Feodor Baron von Manteuffel; on
the part of his Majesty the Emperor of Austria, his actual
Privy Councillor Lieutenant-General and Quarter-
master-General Heinrich Baron von Hess, and his actual
Privy Councillor and Chamberlain, Envoy Extraordi-
nary and Minister Plenipotentiary to the Prussian
Court, Frederick Count of Thun, Hohenstein, have de-
termined upon the following more special engagement,
as regards the initiative, in the case designated in Art. 2
of the treaty of alliance of this day :
"SINGLE ARTICLE.
"The Imperial Austrian Legation will, on its part,
address to the Imperial Russian Court propositions (erojf-
?lung), having for object to procure from his Majesty the
Emperor of Russia the requisite orders for the suspension
of all further advance of his army into the Turkish ter-
ritory, as well as to obtain from his Majesty complete
(vollguttige) securities for the speedy evacuation of the
Danubian principalities, The Prussian Government
will, with reference to its representations already trans-
mitted to St. Petersburg, again energetically support
these propositions.
"Should the replies of the Imperial Russian Court,
contrary to all hope, be of such kind that they should
not afford complete tranquillity as regards the two points
afore-nientioned, then will one of the contracting parties,
in order to obtain the same, adopt measures, under the
stipulations of Art. 2 of the offensive and defensive treaty
concluded this day, to the effect that every hostile at-
tack upon the territory of one or both high contracting
shall be repulsed by the other by all the military
force
e ast its disposal.

"An offensive action on the part of both (Ein offen-
sives beiderseitiges vorgehen) would, however, be first
occasioned by the incorporation of the principalities, or
through an attack or passage of the Balkan on the part
of Russia.
"The present agreement shall be submitted to the
ratifications of the august Sovereigns simultaneously
with the treaty just mentioned.
" Done at Berlin, April 20, 1854.
(Signed)
" BARON OTTO FEODOR VON MANTEUFFEL.
is HENRY BARON VON HESS, Lieutenant-General.
ig F. VON THUN."

'Russia and Prussia, without compunction
,and
without shame ; and even at a moment like this we
continue this cowardly and cruel policy. The
simple declaration of England and Prance would
liberate Denmark at once ; but that declaration is
not made.

GREECE.
APPROACH OF FRENCH TROOPS.

ATHENS, May 12.—The approach of a French
army corps was announced here on the 11th by the
officers of the 20th Light Infantry, who landed
here from the Etiphrate, and entered the Piraeus
on that same day. Everybody was discussing this
intelligence, which, it is said, has male a pro-
found impression on the minds of the Greek popu-
lation.

The Observateur of Trieste contains a letter from
Athens of the 12th, which says :
"It is now certain that the four powers, who signed
the protocol of Vienna, are losing patience, and are de-
termined to put an end to the indecision and tergi ersa-
tion of the Greek Government relative to the insurrec-
tion of Epirus and Tnessaly. On the 9th fresh instrue-
tions arrived to the Ministers of the four powers at
Athens. Count de Nithamor, Chamberlain to the King
of Bavaria, arrived here as a courier of the Munich
cabinet. He had an audience of the King, to whom he
handed a letter from his brother, the Kin, of Bavaria.
It is said that the Ministers of France and England are
to send to the Government an ultimatum, calling on it
to accept .that of the Porte in the space of five days, and
in case of refusal they will demand their passports. A
rumour has been put into circulation that 15.000 Bava-
rians are to come and protect the country from every
eventuality."