The Sun.
London, England, 1854-11-09 00:00:00

TILE STORMING OF SEBASTOPOL.

The Freniden Blatt has a letter of the 27th from
Varna, in which it is stated that the storming columns
(it is not believed that the place will be stormed) will
be under the command of General Canrobert. As the
whole story seems somewhat improbable, the corres•
poedent shall tell it in his own way :
"Tbe corps which will attack the place consists of 40,000
men. The principal attack will be made from the French
lines, and the storming parties will be protected on the
left by the guns of the fleet, and on the right by the Eng-
lish batteries. Lord Raglan has the difficult task of
protecting the flank and rear of the storming columns.
The combined army is divided into a defensive corps un-
der Lord Raglan, and three offensive divisions under
General Canrobert. Since the 23d, the bombardment
of Fort Paul, and the batteries before the sailors' suburb,
bad ceased. The English have occupied the passes and
heights on the left bank of the Tchernaya. On this
(the eastern) side, the attacks of the Russians become
more and more impetuous."

AIOI\IEY MARKET

AND

COMMERCIAL INT ELL I GENCE.

CITY, TWO o'CLOCK.

The sales of cotton at Liverpool yesterday were
estimated at 10,000 bales, including 1,000 American,
and 500 Surat, taken for export and on speculation.
The market closed firmly, at about previous rates.
The sales comprised 5,800 American, 450 Pernam
and Maranham at sid. to 61d., 1,200 Egyptian at
sid. to 100., and 1,500 Surat at 31d. to 40.,
per lb. Railway Shares were heavy.
There have been no public sales of colonial pro-
duce to-day, owing to the installation of the new
Mayor, and in other respects there is the usual ap-
pearance of a holiday iu the city.
A very ample return has been completed relative
to the position of the Savings Banks in the United
Kingdom, the details being brought down to the
20th November, and a condensation will probably
interest many parties. Of England and Wales the
population was 17,609,058 persons in the year 1851;
the number of banks was 480; the number of un-
paid officers 517 and of paid officers 955 ; the
amount of security given about 698,0001.; the
salaries and allowances, 70,9131. ; the annual
expenses of management, inclusive of those sala-
ries, 95,478/. ; the number of accounts remaining
open, 1,068,994 ; the total amount owing to depo-
sitors, 29,467,831/. ; the rate of interest per cent.
paid to the depositors, 2/. 18s. 9d. ; the amount
of annuities granted, 153,1041. ; the average rate
per cent. per annum on the capital of the Bank for
the expenses of management, Gs. 6d. ; the average
amount of receipts from depositors, 51. 16s. 9d. ;
and the average amount of payments, 11/. 10s. 10d.
The returns for Scotland may be thus sum-
maried : Population in 1851, 2,888,742 ; number
of banks, 45 ; unpaid officers, 46, and paid, 82 ;
security given, about 46,0001. ; total owing to de-
positors, 1,837,1031. ; rate of interest allowed to
depositors, 2/. 17s. 9d.; annuities granted, 14,6091.;
average rate per cent. per annum on the capital of
the Bank, Gs. Bd.; average amount of receipts from
depositors, 31. 7s. Id. ; and average amount of
payments, 41. 10s. 7d.
The Irish returns with a population of 6,515,794
in the year 1851, give the number of banks at 51 ;
accounts open, 55,625 ; total owing to depositors,
1,587,448/. ; rate of interest to depositors,
21. 16s. sd. ; annuities granted, 3,4241. ; average
expense of management per cent. per annum,
9s. lid.; average deposits, 61. Os. 9d.; and average
payments, 81. 2s. ld.

The islands in the British Seas possessed 2 banks
only, to a population of 90,800 in the year 1851.
The total owing to depositors was 335,0091. ; the
rate of interest to depositors was 31. ; annuities
granted, 2911. ; average expense of management,
55. 7d. ; average deposits, 71. 6s. 7d. ; and average
payments, 101.175. 3d.
_ _

It should be observed in reference to these
statistics, that the number of receipts exceeds that
of payments, but that the amounts deposited each
time are smaller than those withdrawn.

The grand totals for the United Kingdom are as

under :

Number of banks, 578 ; annual management
expenses, including all salaries, 110,6171. ; accounts
open, 1,253,685; owing to depositors, 33,227,394/. ;
annuities, 871,4291. ; annual number of receipts
from depositors, 1,410,231, and ditto payments,
715,375. _ _

, -
The amount of bills drawn by the Honourable

East India Company hero upon the three Presi-
dencies was, during the fortnight ended yester-
day, 78,317/.

The Stock market is quiet, and prices are still
on the decline. Consols have been 94i to 2- for
transfer and account. Exchequer Bills are Gs. to
Os. premium. Bank Stock is steady at 211. The
New Three per Cents. have been 93i, and since
.The despatch of General Canrobert, setting
forth the difficulties •f the siege, appears to have
had some effect.

Foreign Securities are dull, and Turkish Scrip
has gone still lower, having declined toll discount,
after opening at to 4 discount. Peruvian are
8Q for the 4i per Cents. Spanish Threes are 371,
and Brazilian Old Bonds 98. Dutch 2i per Cents.
have been G(4.

The following are the nominal prices of foreign
stocks :—Grenada Deferred Bonds, 51 to 0 ; Mexi-
can, 228 to 22a. ; Peruvian, 68 to 70 ; ditto,
3 per Cents., 48 to 50 ; Portuguese 4 per Cents.,
40 to 42 ; Russian 5 per Cents., 95 to 97 ; ditto,
4i per Cents., 84 to 86 ; Spanish New Deferred,
18 to 181 ; ditto, 3 per Cents., 37i- to 38 ; ditto,
Certificates, 51 to 512 ; ditto, Passive, 41 to 41.
The last week's railway receipts ascertained up
to this day are in round figures as under :
_

1854.
Great Western
North-Western
South-Western
Brighton
Midland . 26,547
South-Eastern

1853.
£20,832
49,666
12,032
13,793
24,859
15,896

Caledonian
Great Northern
Lancashire and Yorkshire
North-Eastern

12,005
23,050
19,227
30,683

10,189
18,365
18,008
28,231

For railway shares there is a flat market, at
barely yesterday's prices, Midland, Lancashire and
Yorkshire and Caledonian being lower. Foreign
shares are steady, but French nominally lower.
The Foreign Mines are in moderate request,
the Banks firm, and the Miscellaneous Companies
without alteration.

BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
(From the Oeicial List.)
Business done
Rank Stock 2ll
3 per Cent. Reduced Annuities... 93,1i 2
3 per Cent. Consols Annuities 941 A a
New 3 per Cent. Annuities
Long Annuities, Expire sth Jan., 1860 4 5-16
Dittc 30 Years, Expire 10th Oct., 1859. 4 1-16
Consols for Account 14th Net.
Exchequer Bills, lid.
£l000
.500
&nal,
Exchequer Bonds 1858, Si per Cent. —
Ditto 1859
19

PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Brazilian Bonds, 5 per Cent 93
New Brazilianßonds, 1829 & 39, 5 per Cent. 97
Peruvian Bonds, 4i per Cent.
Spanish Bonds, 3 per Cent 371
TiukishSciip 6 per cent
Dividends on the above payable in Loudon.
Dutch Exchange, 2 per Cent. 12 Guil
Ditto 4 per Cont. Cortifieates
lIALP-PAST TWO.
Consols
Ditto November Account 941

THE STRIKE OF THE TYNE AND WEAR SHIPWRIGHTS.
—NEWCASTLE-ON-TYNE, Nov. 7.—lt has already been
reported that the Wear shipwrights had turned out, on
their employers giving notice of their intention to reduce
their wages from 6s. to ss. a-day. The Tyne men have
now turned out for a similar reason. There are now
about 1,800 men on strike on those two rivers, and the
strike threatens to be a prolonged one. It is, however,
confined to the body of shipwrights engaged in timber
shipbuilding and repairing ; the large number of men
employed in iron shipbuilding on the Tyne have not
received any notice from their employers, and they go on
as usual.

Tfix AMERICAN Sarno:rum INTEREST.—About
the time of the breaking out of the Eastern war the
opinion was confidently advanced thaef the carrying trade
of the country would receive an immense impetus from
that event, as the mercantile marine gland and
France would be in a large measure weitehftdrrEawnn from the
ores,
seas, or occupied in the conveyance of
&c. Thus far the actual result has been wid°heTaysdiffsterent.
has greatly
The national interchange of products
diminished, so that ships remain idle at their w
, except to fieninsh.
lack of occupation, and shipbuilding has been dviess of"
tinned at many of the principal points
old contracts. The depreciation in the value of ships
generally since the beginning of the year may be set
down at fully 25 per cent. In this vicinity particu-
larly, where there have been launched annually
some 60,000 tons, tke past few years have been a
season of depression rarely experienced. At Williams-
burgh and Green Point, where eight shipyards were
located, comprising two or three of the largest
builders, four of the number have been broken up,
and in two or more instances the property sold by the
sheriff. On this side of the river greater caution has
been exercised, and less difficulty experienced, though
no money has been !wade. The prevailing high prices of
materials and labour have chiefly contributed to this re-
sult, or rather the attempt to build vessels for less than
they were worth. Timber, for which 28 cents per foot
was paid formerly, now commands from 36c. to 40c.
iron advanced from $4O to $35 per ton ; copper, from
25c. to 30c. ; labour, from $2 or $2 50c. per day to $3 ;
and even for the latter sum less labour was performed
than under the old rates. We hear of several recent
failures among Eastern shipbuilders, and to-day we
notice the failure of two banks in Maine connected With
them
. New York .lourncg iv" Contnwee. _