The Sun.
London, England, 1854-03-22 00:00:00

the sneers of the Emperor NICHOLAS. Thus
circumstanced in regard to Germany, Eng-
land and France, looking only to themselves
and their alliance, relying upon the justice of
their cause and confiding in the aid of Goo, are
entering with their whole energy, and with an
enthusiasm impossible to witness without emotion,
upon the perils of the great battle in which they
are recognised as the arch-champions of the civi-
lisation of Christendom.

MONEY IVIARKE

AND
COMMERCIAL INTELLIGENCE.

CITY, TWO O'CLOCK.
The sales of cotton at Liverpool yesterday were
estimated at 4,000 bales, including 500 American
taken for export. The market still continued
heavy, at about former prices. The sales comprised
3,500 American, 40 Pernam and Maranham at 6d.
to 63d., 100 Bahia at 6id., 200 Egyptian at 6d. to
9d., and 200 Surat at 3d. to 3id. per lb. Rail-
way Shares were very heavy.
The efforts making by the English holders of
Peruvian foreign debt to obtain fuller security for
their claims, and an enlarged sinking fund, with a
view to the extinction of the bonds, are shown by
the occurrences of every hour to be necessary, and,
in fact, indispensable. The subject of an increased
supply of guano is occupying great attention
in the United States ; and were the views
of some parties to be followed, namely, that
the Peruvian Government should permit the
sale of the article at the islands, instead of making
the consignments direct to its own agents, the cre-
ditors would have less security for the payment of
their dividends, and the agriculturists a smaller
guarantee for the genuineness of the commodity.
The Peruvian Government has before it another
course that would probably satisfy all. It can send

much larger to England and America, and out of the
proceeds of the shipments to the first-named coun-
try, at least, could rapidly extinguish its liability.
We trust that our Government will give all possi-
ble support to the bondholders to secure this end,
because now is the opportune moment for compel-
ling a satisfactory arrangement.
_ .

Bills of exchange upon the principal continental
cities were taken yesterday afternoon at fuller
rates. Paris, 90 days, 25 25 to 30 ; Hamburgh,
13 4 to 5 ; Amsterdam, 11 141 to 15 ; and Trieste,
13 20 to 30.

Bar silver is still in demand. The price of Mexi-
can and South American dollars is given by Messrs.
Haggard and Pixley at ss. ss. Oid. per oz.
There is a further decline in English Stocks
amounting to to per cent., and while the specu-
lative transactions continue exceedingly limited,
the supply of money stock rather increases. Con-
sols opened at 89k- to I, and have since been done
at 891 to 4. The treaty, offensive and defensive,
which, it is stated, will be concluded between Aus-
tria and Prussia, does not seem calculated to in-
spire much confidence in their line of action. Ex-
chequer Bills have been heavy at 4s. to 6s. prem.
East India Stock has been firm at 234.

Foreign Securities have been very little dealt in,
and are in favour of buyers. Russian again pre-
sent the most notable instance of this, the Five
per Cents, having fallen to 85 and-831, and the
Four per Cents. to 75 and 74. Dutch Four per
Cents. have been done at 83g. Brazilian Old
Bonds have been quoted 95i to 96, Grenada De-
ferred 51, and Mexican 23. Spanish Deferred
have reached 171
The market for Railway Shares has been on the
decline again, with a preponderance of sales, and
very little disposition to give support to prices.
London and North-Western, Aberdeen, Brighton,
South-Western, and York and Berwick have all
been at a reduction. French shares have been
to f cheaper. Great Western and Great Northern
shares have been steady.

The Foreign and Colonial Mining Shares have
been rather flatter, and St. John del .Rey have de-
clined.

Australasia Bank Shares have fallen again
to 2/.

The current prices for the Jamaica Mines not
officially quoted, were as follows :—Metcalfe, if to
discount ; Port Royal, to premium.
The Austral n.n Agricultural Shares have receded
about 1/. British American Land are firm.
Crystal Palace rather heavy.

BRITISH FUNDS THIS DAY AT ONE O'CLOCK,
(From the Oficial List.)

A private despatch is said to have been received from
Athens, which mentions that the 6,000 Turkish troops
sent to put down the Greek insurrection in Epirus were
met by the insurgents between Prevesa and Arta ; were
attacked and routed. lam not aware that the Govern-
ment has received any official information confirqiing
the fact, but it nevertheless appears to be credited in
some quarters.

The following "Order of the Day" has been ad•
dressed by Omer Pasha to the troops at Kalafat :
" GENERALS OF DIVISION AND BRIGADE, SUPERIOR AND
SUBALTERN OFFICERS, NON-COMMISSIONED OFFICERS,
CORPORALS, AND SOLDIERS OF THE IMPERIAL ARMY.
"The stronghold of Kalafat, which you have con-
quered with so much courage, has suddenly become of
the greatest importance for our cause. In your hands
rests the honour of the country.
"If, with your usual bravery, you remain firm in that
post, if you are ready, in its defence, to shed the last
drop of your blood, it will be impossible to calculate all
the advantages that will result from your heroism.
"If, on the contrary, the enemy should succeed in
gaining possession of your entrenched camp (may God
save us from that immense calamity), it would be in the
eyes of the entire world a blot on Mussulman honour.
His Imperial Majesty, the Sultan, our most Gracious
Sovereign, confides entirely in your well-known courage.
" Soldiers ! Can I rely upon you ? With that extraor-
dinary courage, which I have so often seen you display,
with your devotedness to his Majesty, with your love of
country, you will not say, our entrenchments are termi-
nated, nothing more remains for us to do.
" Soldiers! You will not be deterred by fatigue from
augmenting still more the strength of the entrenchments
of your camp. If the Russian army attacks you, you-will
fight to the last extremity, and overcome that implacable
enemy, with the assistance of the Almighty, and the help
of the Prophet. Should the enemy even carry one of your
redoubts, without receding one step you will attack them
with the bayonet, and drive them out of it.
" Soldiers ! If you fall, supreme happiness awaits you
above. If you conquer, you will acquire here below the
esteem and admiration of the entire world, whose eyes
are fixed upon you.
" Shumla, 30 Djemasijul, year 1270."