The Sun.
London, England, 1854-05-01 00:00:00

THE SUN, LONDON, MONDAY EVENING. MAY 1, 1854.

is carried on. Had no movement been made, the
mortifying position of the dishonoured half would
have been less observed ; our eyes were accus-
tomed to it; but surely Dissenters must be allowed
to feel the contempt of exclusion so much the
more bitterly, when Government Reform at Ox-
ford just stops short of conceding their claims.
All kinds of illiberality are to be modified or abo-
lished, but the most inexcusable of all in a na-
tional university is left as if intentionally to gall
Dissenters. We know for certain that tests for
youths are but a piece of profanity, that they have
not prevented three broadly marked and utterly
opposed classes of theologians arising at Oxford,
and that they are a national insult to one half of
a nation which ought to enjoy equal privileges in
all its public institutions. We certainly wish Mr.
HEYWOOD better success with his proposed clauses
abolishing the tests than he has had in the attempt
to refer the bill to a select committee. The
matter will never rest till the powerful and
wealthy middle class of this country, amongst
whom dissent chiefly flourishes, have justice done
them in our National Universities.'

( MONEY- MARKET
- - -

AND
COMMERCIAL INTELLIGENCE.

CITY, TWO o'CLOCK,

The sales of cotton at Liverpool on Saturday were
estimated at 4,000 bales, all to the trade. The
market closed tamely, without alteration in prices.
The sales comprised 2,500 American, 110 Pernam
and Maranham at 6d. to 6g.d., 20 Bahia at 6fd.,
200 Egyptian at 6d. to 9d., 1,000 Surat at 2d.
to nd., and 60 Sea Island at Is. to ls. 51d. per
lb. Railway Shares were rather firmer.
The corn market is dull to-day.
The following is a report upon the Manchester
piece goods market, by Messrs. M Greenhow,
and Irving :

"Notwithstanding the continued existence of preju-
dicial and materially influential causes as referred to in
our last monthly circular, and which had at that period
and previously created a feeling of despondency and
gloom, we are now in a position to justify a much more
favourable report as to the action and tone of this
market during the interim. At the period in question
great doubt, depression, and uncertainty prevailed.
Since then, a marked improvement, not only inzfeeling,
but in substantial qualities, has existed. Tempted by
the lower rates ruling for the generality of productions
of a staple character, buyers have felt themselves justi-
fied in operating to a considerable extent. The action
of the market has been favourably progressive."
The demand for shipping, both for the convey-
ance of troops to the seat of war and of emigrants
to Australia, has the effect of maintaining freights,
and it is probable a large number of vessels will
yet be required. The rates, as given in the Weekly
Shipping List, are—to Sydney, 80s to 100 s., and
to Melbourne and Geelong the same, but 100 s. to
110 s. to the wharves ; New Zealand, 955. to 120 s. ;
Algoa Bay, 45s to 555. ; Batavia, 60s. ; Bombay,
50s. ; Buenos Ayres, 60s. ; Danube, Galatz and
Ibrail, 40s. ; Jamaica, 308. to 40s. ; San Francisco,
90s. to 100 s. ; and Shanghai, 90s. per ton of 40
feet, fine measurement goods.
The detention of the steamer Great Britain by
an accident to one of her pipes, causes much disap-
pointment ; but the Overland Mail, which leaves
this on the 4th and Bth inst., will now offer a better
opportunity for parties writing.

The Brazilian mail has arrived, and brings a
small amount of specie. The declaration of war
was known, and Russian ships were changing hands.
One may well express surprise that such a practice
should be recognised, since it becomes easy thus to
evade all risk of capture, and so neutralise our
maritime supremacy. The time allowed here for
vessels to get away could not be said to determine
the question, because one of our steamers at Rio
was waiting to capture a merchantman, which was
disposed of, and altered her colours directly the
intention became known. At Bahia the rate of
exchange was 27id. Sugar was in good demand.
The Pernambuco accounts state that the sugar
crop was expected to be 50,000 tons.
The steamer Europa, from New York, brings
above 600,000 dollars in specie. The grain market
was active. Money was easy.
The ship Windsor, from Sydney, brings 787
ounces of gold. The Potentate, from Van Die-
men's Land, and the Wellington, from Portland
Bay, have also arrived, but it is not yet ascertained
whether they bring gold.
The railway meetings announced are the fol-
lowing :

Company. Date. Place, &c.
Antwerp and Rotterdam May 4, Brussels.
Dublin and Wicklow
East Lancashire May 1, Bury.
Londonderry and Coleraine May 2, Coleman•st. Bldings.
Sambre and Meuse
Waterford and Kilkenny
As usual on the Ist of May, the Stock Exchange
is closed, a holiday being observed at the transfer
offices of the Bank of Eiagland. There are a few
of the brokers and speculators in attendance, how-
ever, at the Subscription Reading Rooms, and
they have dealt in Consols at 871 and 88, being
full prices.

LAT EST FO R E 111 N NEW S.

THE WAR.
BOMBARDMENT OF ODESSA.

At length operations in the Black Sea have com-
menced in earnest. From authentic telegraphic
despatches from Vienna, it seems that on the 17th
ult., twenty-six sail of the combined fleet arrived
before Odessa. On the following day the city was
bombarded for an hour, but it was not until the
22d (Saturday) that the real engagement com-
menced. The quarantine port was then attacked
by nine steamers of the two fleets. Four gun-
batteries were dismantled, and one Austrian and
eight Russian vessels which were lying in the
harbour burnt. The bombardment was with bombs
and Congreve rockets, and it lasted during the
whole day. A portion of Odessa was said to be in
flames.

Another account says, —" On the 22d ult.
the allied fleets made a partial bombardment of
that town, but without doing much damage,
although sundry buildings were set on fire. On the
23d hostilities were suspended, and a summons
was sent to the place to surrender. In the event
of a refusal, the Admirals threatened to destroy
the town on the following day, the 24th. It is
added that the Russian fleet had sailed out of
Sebastopol, and advanced against the allied fleet,
either with the hope of drawing the latter away
from Odessa, or of getting it between two fires,
but that, on a portion of the British navy showing
battle, the Russian squadron had hastily retreated
to its stronghold."

A despatch dated Vienna, April 29, published
yesterday in the Constitutionnel, states that the
news of the bombardment of Odessa was officially
confirmed, and that a part of the city was in ruins.
The despatch adds, that although this news had
been expected in Vienna, its receipt had neverthe-
less created a profound sensation there.

LORD RAGLAN AND THE DUKE OF
CAMBRIDGE.

MALTA, APRIL 26.—Lord Raglan arrived on
the 25th. He left the same day by the Emu.
The Caradoc leaves for Corfu to receive the
Duke of Cambridge. The Masterman has arrived
with artillery horses ; also different French and
English transports.
VIENNA, SIINDAY.—The Duke of Cambridge and
suite left for Trieste at 8 p.m.