The Sun.
London, England, 1854-01-20 00:00:00

MONEY MARKET

AND
COMM.ERCIAL INTELLIGENCE.

CITY, TWO O'CLOCK.

The sales of cotton at Liverpool yesterday
were estimated at 6,000 bales, of which 1,000 Ame-
rican and 500 Egyptian were taken on speculation.
The market closed steadily, without change in
prices. The sales comprised 100 Pernam and
Maranham at 61.1 to 71d., 1,000 Egyptian at 61d.
to Is., 800 Surat at 3d. to 31d., and 130 Bahia at
61d. to 6d. per lb. Railway shares were flat ;
lower prices.
Colonial produce has been taken to a large ex-
tent this week at steady prices generally. Russian
staples, however, have advanced. Not much has
been done in tea ; sugar has supported previous
rates, and coffee is firm. There have been fair
dealings in cotton ; dye goods have been in request,
and Scotch pig iron is cheaper.
The Gold Mining Companies of Australia have
been subjected to rather searching investigation of
late, and the committee of shareholders have
elicited the important fact that partly through
mismanagement, partly through fraud, many of
them have proved abortive, and have swamped the
capital of the subscribers. There are others, on
the contrary, which may even now by vigorous
exertion and honesty of purpose be retrieved,
where the object is chiefly to apply machinery rather
than to search for the gold. There are some other
undertakings concerning which the shareholders
are very naturally becoming impatient and anxious
for inquiry, and it is singular that as regards the
Cost Book principle, it was declared by competent
judges the moment the question was mooted to be
wholly inapplicable to foreign projects. The Cali-
fornian companies have in several cases resulted in
no good, any more than the colonial, formed more
recently, and communications are being addressed
to the Committee of Shareholders which will
supply ample data to proceed upon. One
of these, we understand, is the Ave Maria,
and the exceptions taken to the management are
numerous and important. It is right that, as
early as possible, these should be brought under
notice with a view to explanation or to the inau-
guration of more satisfactory arrangements in fu-
ture. Early in 1852, the engineers and staff pro-
ceeded from England ; but at Grey Town, in Cen-
tral Anurica, it was found the machinery could
not be taken on, and it had, consequently,
to be sent back to England. About the
middle of 1852, the party of fifteen persons
arrived at San Francisco, and after the ground
at Maraposa was inspected it was found to be
valueless for gold. There was, nevertheless, we
are told, a waste of labour and skill persevered in
by the local manager, and at length a new tract at
Nevada was taken. The owner was to receive
10,000 shares for his property, and 75 per cent. of
the gross produce of the mine, and the shares being
at a premium, the directors, it is asserted, pushed
them at . once into the market. Is the profit
carried to the credit of the proprietary ?
All this time nothing whatever seems to
have been done to carry out the legitimate
purpose of a mining
company, and heavy claims
for mixers' wages, d;c., have been accumulated.
How nuch is left of the funds of the company,
what nano it possesses, and what prospect there is
of a favourable result, it is high time the share-
holders were informed. The Golden Mountain
Company is one that has no enviable notoriety, and
the competent parties sent out to inspect its mine
were I,ever permitted, it is said, even to see it,
but seat back again by the local agent. The West
Mariposa officials quarrelled among themselves,
and one only, now represents the Company at the
Pittsburg works. The Quartz Rock, and even the
Nouveau Monde have some little debts to wipe off
in the way of satisfactory information to their
shareholders, who are pretty well tired of para-
graphs referring to minor matters that bring them
no nearer to a dividend.

The ship of war Thetis, from the Pacific, brings
700,000 dollars, and much more is coming forward.
The amount of specie on board the Himalaya
steamer, which leaves Southampton for India this
day, is 153,7261., chiefly in silver, to Calcutta and
Shanghai. There is also gold to Malta and Alex-
andria.

BRITISH MlNES.—There is a moderate business
doing to-day, and prices are steady generally :
Alfred Consols, 24i to 252 ; Treweather, 41 to 1;
Poltincores, Ito ; Tremollet, y to 4 ; Sortridge
Consols, 30s. to 355. ; Great Crimis, 30s. pm. ;
East -Russell, 6 to A ; Cwm Daren, 14s. 6d. to 15s.
6d. ; Hingston Downs, 8A to 9 ; Molland, 10s. to
11s. 6(1.

The current prices for the Jamaica Mines not
officially quoted, are this morning, as follows :
Jamaica, kto # premium ; Metcalfe, to / pre-
mium ; Sue River, discount to par ; Port Royal,
to / premium.
The English Funds have been quieter this morn-
ing, without any great change in prices. The
supply of stock, however, is adequate, and with
foreign politics so threatening, the speculators for a
rise are afraid to act boldly. Consols have been 91/
to 92 for transfer and account, but are now 911
The New 34 per Cents. have been 93k to g, and the 3
per Cents. 92i to #. Bank Stock is at 2171, being
rather firmer, and for account has been as high as
218. Exchequer Bills 7s. to 10s. premium, and
and India Bonds par to 4s. premium. The Bank
of France having advanced its rate of discount to
5 per cent., there is a probability of money be-
coming dearer here also.

Foreign Stocks are heavy. Dutch 21 per Cents.
have declined to 622- and 612, and the 4 per Cents.
to 931 I. Russian 4i per Cents. have been at
91. Portuguese 4 per Cents. have been 381.
Mexican are firm at 23g. It is stated that a good
deal of specie is at the Mexican ports on the Pa-
cific awaiting shipment to England.
In Railway Shares there has been rather more
doing, buyers having generally an advantage.
There is, however, some improvement in Great
Northern, and York and Berwick. French Shares
continue heavy.
The Gold Companies' Shares are flat, the Land
Companies' lower, and the Banks duller.

BRITISH FUNDS THIS DAY.
(From the Official List.)
Business done.
Bank Stock .......... .......... 2176 166
i per Cent. Reduced Annuities 921 g 1/ 2
3 per Cent. Consols Annuities 92 It 2 1 3
New 31 per Cent. Annuities 93g 1 2 3
26 per Cent .. .
India Bonds, £1.060
Ditto, under £lOOO par 4 p
Bank Stock for Account ... .. . ..
Consols forlAccount 15th Feb. 92 1i 2 16
Exchequer Bills, ld.
£l000
2500 7 10 p
Small 7lO p
PRICE OF FOREIGN FUNDS THIS DAY.
Buenos Ayres Bonds, 6 per Cent 6l
Danish Bonds, 1825, 3 per Cent Bl
Mexican 3 per Cent.
Portuguese • Bonds, 4 per Cent 3Bl
Ditto Ex all over-due Coupons 351
Russian Bonds, 1822, 5 per Cent. t St —
Ditto 46 per Cent 9ll 901
Spanish Bonds, 3 per Cent 416
Dividends on the above payable in London.
Dutch Exchange, 26 per Cent. 12
Ditto 4 per Cent. Certificates
THREE O'CLOCK.
Consols 9l
Ditto February Account

HARMONIC UNION, EXETER-HALL. —Mendelssohn's
"Elijah" will be performed on Monday next, when Signor
Belletti will make his first appearance in London in that
celebrated oratorio.

DETERMINED SUICIDE (THIS DAY.)—This morning- a
man of the name of John Williams, Rose and Crown-
court, Eldon-street, Finsbury, committed self-destruction
by hanging himself with his neckerchief. The unfortu-
nate man had been in a desponding state of mind for
some time. N o cause is assigned for the rash act.
DREADFUL ACCIDENT AT FOOT'S CRAY (THIS DAY).
This morning a dreadful accident occurred to Emma
Kibble, which is 1 kely to terminate fatally, under the
following melancholy circumstances. It appears the
unfortunate female was employed at Messrs. Joyson's
paper mills, Foot's Cray, St. Mary's, Kent, when her
dress was caught in the machinery of the paper mills,
dragging her in and crushing her in a horrible manner.
Her screams brought assistance, when the mill was
stopped and the poor creature extricated. Without loss
of time she was conveyed to Dorcas's ward, St. Thomas's
Hospital, where Mr. South, surgeon, was in immediate
attendance, and performed amputation of the legs, as
the only means of saving the life of the sufferer ; but
from tha severe injuries.received, not-the slightest hopes
are entertained of her recovery.

LATEST FOREIGN NEWS

RUSSIA AND TURKEY.

Advices have reached Paris from St. Petersburg,
of the 12th of January, which describe the position
of affairs as affording little hope for the mainte-
nance of peace. The Emperor is described by those
who have an opportunity of observing his move-
ments, as living in a state of religious exaltation,
regarding himself as the chosen instrument, under
the hand of God, to drive the Moslem from Europe,
and only regretting that he should have allowed
so many years to pass by without fulfilling his
destiny.
The populace at St. Petersburg have worked
themselves up to the highest pitch of fanaticism,
cheering the Emperor whenever he appears in pub-
lic with the wildest enthusiasm, and denouncing
as traitors all who dare to speak of peace.
Tho only Minister who is supposed to advocate a
peaceful course is Count Nesseirode, and he has
entirely lost his influence with his Imperial master.
Count Orloff, on the other hand, who is the Empe-
ror's dearest friend, is eager for war.
The Russian Court Gazette has lately teemed with
articles abusive of England and France, who are de-
scribed as having invented for the Turks the word
" independence," a term hitherto unknown in the
Turkish vocabulary, and as teaching the Porte to
desert its best friend, Russia—the only Power
which is able "to protect the' East against the
tempests of the West."
The Post-office steamer the Tancrede arrived at
Marseilles during the night of Tuesday. She
quitted Constantinople on the sth of January. The
city was tranquil, and the entry of the combined
fleets had produced a great sensation, and the best
effect on the feelings of the population.
The fleets, being thwarted by a violent wind,
had been obliged to anchor at the entrance of the
Black Sea. On the 4th they continued their cruise,
under the command. of Admiral Dundas. They
were accompanied by twenty Turkish sail and five
frigates, from which it was presumed that they
were about to reinforce the garrison of Batoum.
It was feared that all the Russian fleet, consist-
ing of forty ships, of which one-half are of the line,
might have come out of Sebastopol. On this ac-
count Admiral Dundas did not wish to disseminate
his fleet, as was intended in the first instance, and,
in the uncertainty as to the plans of the Russian
admiral, he entered with all his forces into the
Black Sea.
The instructions to the admirals of the French
and English vessels are—To salute Russian vessels;
to warn them to return to a Russian port ; to
accompany Turkish vessels to different Turkish
ports ; to cruise off the Turkish coasts ; to avoid all
collision with Russian vessels, and to prevent the
same between the belligerents ; not to approach
the Russian coast ; and, if attacked by Russians,
to act simply on the defensive.
A private despatch received from Vienna, by a
commercial house in Paris, states that orders had
been sent to Sebastopol by the Emperor of Russia
for the whole fleet to put to sea.
The Vienna correspondent of the Morning
Chronicle, writing on the 16th inst., says :
" I am bound to express my conviction that war
has become almost inevitable. We may possibly
have to witness a few weeks' more of diplomatic
manoeuvring ; but, I take it, the die is cast at last.
The three great Powers—that is England, France,
and Russia—have gone too far to retreat or to
yield."

The defeats sustained by the Turks in Asia were
confirmed. The Ottoman general had retired to
Erzeroum.

The report was spread that the Czar showed
himself intractable.

It was stated that four companies of Russian
troops had deserted and joined the Turks at Kalafat.
The following telegraphic despatch was received
at Vienna yesterday, dated Constantinople, Jan.
9th

" Arif Pacha is appointed Minister of Police.
" The English division consists of ten ships of
the line, one frigate and seven steamers.

" A Russian division of 24 sail was said to have
appeared off Batoum.

" A French captain had been killed in a duel by
another French officer.
" Prince Gortschakoff arrived at Krajova on the
13th.

" The Russians had 2,700 killed in the recen
affair. Turks, 1,100."

Letters from the frontiers of Poland of the 13th
state that orders for the mobilisation of the Rus-
sian army have been given for some time past.
Letters from the shores of the Black Sea state

that the Russians are establishing at different
points, and more especially in the Crimea, defen-
sive intrenchments and coast batteries. They have
changed the direction of the fires and lighthouses
constructed to protect vessels arriving from the
offing, and have also reinforced the garrisons of
the towns beyond the maximum of war.

The news of the entrance of the fleets has pro-
duced great terror in these Russian ports.
No account, the authenticity of which can be
relied upon, has yet been received of the military
operations in Wallachia since the publication of
the telegraphic despatch in the Moniteur, which
came up to the Bth • and the details of what took
place from the 6th to the Bth are as yet derived
from sources upon which little reliance is to be
placed. The Debuts has received from its corres-
pondent at 'Vienna the bulletin of the Russian
commander-in-chief, and some particulars which
he has picked up, but for the truth of which he can-
not vouch. As to the Russian bulletin, our readers
are too well aware of the practice of the Russian
generals in exaggeratinc, their victories and con-
cealing their defeats to take it as a faithful relation
of events. The mere fact of Prince Gortschakoff
stating that the Turks lost 3,000 men, although
according to his account they were three to one
against the Russians, is sufficient to throw dis-
credit upon the entire bulletin. The Debuts
says :

"Our correspondent at Vienna has transmitted to us
the bulletin of General Prince Gort.schakoff of the
battle between the Turks and Russians at Tchetal6 on
the 61h inst. According to the Russian bulletin, the
Turks had a force of 18,000 men and 24 pieces of artil-
lery, the Russians had about 6,000 men and 6 pieces of
cannon. The bulletin says :—‘ On the 6th January the
Turks, to the number of 18,000 men, with 24 pieces of
cannon, attacked at Tchetal6 the right wing of the de-
tachment of General Count Aurep. The three batta-
lions with six pieces of cannon, of which the force
was composed, heroically supported the attack of the
Turks until the arrival of General Bellegarde on the
right flank of the enemy with four battalions. On
the approach of this reinforcement, the Turks directed
a part of their force against it. The combat continued
at first with great violence, but the enemy was soon
after compelled to retreat on Kalafat. In this glori-
ous affair, in which seven Russian battalions repulsed
an enemy more than triple their number, the Turks
lost six guns, abandoned a quantity of arms on the field
of battle, and lost more than 3,000 men. Among the
killed is a Pasha.' Our correspondent adds, that the
Tobolsk regiment which formed the detachment which
was attacked by the Turks had six officers killed and 27
wounded out of the total number of 51. This alone
shows the dermination with which the Turkish troops
fought. The Austrian Government had received fur-
ther accounts from the theatre of war on the Bth there
was another very sanguinary affair in the neighbourhood
of Tchetal6 ; the Turks at first obtained the advantage
and gained ground, but nevertheless they had retired on
Kalafat. Our letter also speaks of a third combat which
is said to have taken place on the 9th, which was also
very sanguinary, and after which the Turks are said to
have evacuated Kalafat, where the Russians established
themselves. On this last point, however, the account
is less affirmative, time having been wanting to complete
their information."

According to the National Gazette of Berlin the
project of establishing an Austrian corps of ob-
servation on the frontiers of Turkey has been aban-
doned. Financial embarrassments have been the
principal cause of giving up that measure.
A letter from St. Petersburg of the 9th, in the
National Gazette of Berlin, says
"On the occasion of the fete of Christmas-day, the
Emperor sent to-the cadets of the naval school a Turkish
flag which had been taken by the Wladimir, from the
Turkish steamer Pervas Bairi. The letter which accom-
panied this present contains the following 1827
the Alexandre Newski captured a Turkish flag near Na-
varino, and as the cadets now serving have proved that
they were the worthy sons of the heroes of Navarino, it
is just that the establishment of cadets should receive a
fresh present.' General Scherkoff has received the Order
of the White Eagle. Other generals and superior officers
have also received decorations, but nevertheless•something
more was expected from the generosity of the Emperor
after such celebrated victories. Gloom appears to per-
vade the Court, The declaration of neutrality of Den-
mark and Sweden has reached here, and it has given
satisfaction, because it announces that the Scandinavia
States will observe the strictest neutrality in the Baltic,
if that Sea should become the scene of military opera-