The Sun.
London, England, 1853-08-05 00:00:00

THE SUN, LONDON, FRIDAY EVENING% AUGUST 5, 1 8 53.

pletely change the constitution of one, and not
the least important, of its branches ? The
divided responsibility—the independent Boards
were either useful or the reverse. If the
former, its efficiency should not be im-
paired by the introduction of nominees,
which would prove destructive of its indepen-
dence If the latter, why should we endeavour
to tinker up that which was radically wrong, to
continue a body utterly useless for any good pur-
pose, and potent only for evil ? In whichever
point of view we regard the question, we the
more clearly perceive unanswerable objections to
the Bill now before the House of Lords, which,
to use the vulgar but expressive phrase, is
" neither fish, flesh, nor good red herring ;" which
neither preserves in its integrity, nor altogether
gets rid of the influence of the Court of Pro-
prietors, and which must, therefore, be impo-
litic and injudicious, whether that influence
be beneficial or the reverse. Let us hope, then,
that the Upper House may interpose its authority
to prevent permanent legislation, until sufficient
information has been acquired, and, by limiting
the duration of the measure to one or two years,
insure that full and ample discussion in Parlia-
ment which is essential to the solution of the im-
portant problem, " What is the form of govern-
ment best calculated to promote the welfare and
happiness of our Hindoo fellow-subjects."
Should the Peers of England do this, they will
receive the 'thanks and gratitude of the natives of
India, as well as of England, and the various
Presidencies will re-echo the cry gone forth from
the United Kingdom, and resounding through the
eastern and western dominions of Queen VICTORIA
—" Thank Gon, we have a House of Lords."

MONEY MARKET

AND
CITY INTELLIGENCE.

CITY, TWO O'CLOCK.

The sales of cotton at Liverpool yesterday were esti-
mated at 6,000 bales, of which 1,200 American, 300
Bahia, and 500 Surat were taken for export The market
closed heavily. The sales comprised 4,000 American,
120 Pernam and Maranham at 60. to Bd., 800 Egyp-
tian chiefly at 64d., 1,000 Surat at 31d. to 51d., and 20
Sea Island at 2s. 3d. to 2s. 6d. per lb. Railway Shares
were dull.
Produce has this week been taken to a moderate ex-
tent in Mincing-lane, and prices up to within the last
two days were firm, since which there has been a down-
ward tendency. Importers sell less freely, and foreign
buyers do not take so much. Coffee, sugar, and tea arc
consequently at rather lower prices. Rice has been
maintained, rum has been in demand, and saltpetre
dearer. Dry goods have been less wanted, although
lower terms are not accepted. Tallow has been higher
by about 6d. per cwt., and in cotton not much has been
done. Jute has advanced in price, and in coir goods and
hemp there is more activity.
The bills which fell due yesterday (the 4th) to
such a large amount were extremely well taken up, and
money is a little easier this morning.
Silver is still in demand. Mexican dollars have been
sold at 59-Ad., being Ad. advance.
The English Stock market has been heavy with less
dealing. The foreign intelligence is still unsatisfactory,
but it is from St. Petersburgh that definitive accounts
are now looked for. A statement in the second edition
of a morning contemporary about the Russian fleet in
the Baltic being called out, is merely a repetition of
what was received here a week or ten days since.
Consols have been 97/ to 971 for Transfer, and
971 g for account. The New Three-and-a-Quarter
per Cents, have been at 1001 to 1001, and the Three per
Cents. at 98 to Bank Stock is steady at 2281. Ex-
chequer Bills have been 3s. dis, to par. East India
Stock is firm at 258.
Foreign Securities have been extremely quiet, with
the exception of Russian, which are deservedly lower in
anticipation of the Treasury at St. Petersburgh becoming
drained and forced contributions being resorted to, with a
loan in perspective, even should peace be restored. No
prudens person, unless of such large resources as to ren-
der it a matter of perfect indifference, should, under
any circumstances, whether pea,:e or war be the order
of the day, hold Russian Stock at the present high
prices. Russian 5 per Cents, have been at 117 to 1,
and the 41 per Cents. at 994 to 1001. The Spanish Com-
mittee's Certificate is at 61 to 64. Mexican Bonds have
257 to 26. Brazilian Small Stock is 1011. Dutch 4 per
Cents. have been quoted at 97 to 977.
The Gold Mine Shares have been flat.
The Shares of the Land:Companies are a shade firmer.
The Banks continue depressed.
The following is from the monthly report of Messrs.
Lamond and Co.:—

" The Railway Share Market has maintained a very
firm appearance. Although the amount of business
transactel has not been large, it has been sufficient to
support quotations, while the better descriptions have
showed an improving tendency. In this respect prices
have exhibited a contrast with those of English Stocks,
which have been weaker towards the close of the
month, and are still declining. There is, invari-
ably, less activity in the railway market a few
weeks prior to the half-yearly meetings, now
on the eve of commencing, and, until the results
of dividends shall have been ascertained, no essential
alteration is likely to take place. French and Belgian
shares have recovered a shade, compared with June ;
and, should peace be assured on the Continent, we may
expect an advance in the low-priced descriptions. It
has at last been arranged that the Upper Indian
Line shall amalgamate with the East Indian Rail-
way, but it has not yet been clearly defined in what
proportion their shares shall rank with the existing
stock of the latter company. The meeting of the
Brighton Company, at which a dividend of 1/. 16s. per
cent. has been declared, is viewed as satisfactory
in its general features, and the reports which are
circulated with respect to other undertakings lead to the
belief that, notwithstanding increased expenditure on
account of the rise in the prices of materials and labour,
the rates of distribution proposed will meet the expecta-
tions of the great railway proprietary body. The traffic,
considering the unseasonableness of the weather, the
damage by the floods, and other countervailing causes,
is progressing remarkably well, and indicates that the
value of the principal shares will be supported at their
principal quotations, if they do not further improve.
The calls for August amount to only 253,1311., against
665,404/. in the corresponding period of last year ; but
the total during the first eight months of 1853 have
reached 7,083,6521. against 5,129,4371. in the same
period of 1852."

From Liverpool we have the following report on the
fruit trade by Messrs. Houghton and Levy :
"CURRANTS.—Since our last circular, of the 6th ult.,
our market has been comparatively quiet, arising in a
great measure from the usual contracted demand at this
season of the year, and the want of stock of those de-

scriptions on which the consumption for some time past
has run. The dealers are still bare, but reluctant to
operate at the prices demanded by the importers. A
parcel of new fruit, per British Queen, of about 1,000
packages, has in part been freely taken, at rates fully in
advance of our last quotations. The inquiry for good
old fruit still exists, but the stock is reduced to the hands
of only a few holders, who are not disposed to realise
except at considerably advanced rates. This result is
only what we anticipated some time back, and has con-
firmed our expectations that the consumption would be
obliged to fall upon new and inferior fruit. The latest
advices, dated 27th ult., ratify the telegraphic dispatch,
received on that day, that the excessive heat had entirely
destroyed all the grapes attacked by the blight, and the
result of this year's crop will be considerably worse than
that of last. Taking into consideration this prospect, the
diminished stocks in this country, and the comparative
bareness of the continent, that although the market at
present is in some measure deadened by the above named
causes, and the late arrivals of some extent, (consisting
principally of descriptions that will not keep), it is only
consistent that an opinion should prevail that sound
keeping fruit will yet experience a further enhancement
in value before the autumn is over. The arrivals consist
of 203 butts, 200 carroteels, and 1,609 casks and barrels ;
the clearances of about 230 tons ; and the exports of
60 tons.

" RAISINS.—There has been a good business doing in
all descriptions, at advanced rates. The clearances for
home consumption and export have, for the time of the
year, been unusually large, and are proceeding at the
rate of 80 tons to 90 tons per week, nearly double that
of last year. The stocks are in consequence materially
diminished, and there is every prospect of this market
being perfectly clear by the time new fruit arrives.
Black Smyrna—ln consequence of the high price of
currants this description is getting into demand, and this
article, which, at the early part of the season, was much
neglected, has all been cleared off the market at consi-
derably advanced rates, and some large parcels have
been bought on speculation, to arrive. The last advices
of Smyrna Raisins, of the 27th ultimo, speak of the crop
being but small, at least of good fruit, as it is calculated
that about one-third is affected with the blight. The
intelligence of the Spanish vines, although generally
better, is of the same tenor."

BRITISH FUNDS THIS DAY.
( From the Official List.)

Businees done.
Bank Stock

3 per Cent. Reduced Annuities ..... 94 8
3 per Cent. Consols Annuities .... 97i 3 i i
New 31 per Cent. Annuities lOOl II il a
Long Annuities, Expire sth Jan., 1860
India Stock
Consols for Account 11th August 97i I h
Exchequer Bills, ld.
£IOOO
2400 par 3 d 1 d
Small par 3 d 1 d

LATEST FOREIGN NEWS.

FRANCE.

The Pdys professes still to be confident of a pacific
solution of the Eastern question. What is certain is,
that the new complication cansed by the proceedings of
Russia towards the Hospodar of Moldavia, however in-
excusable it may be, will not prove an obstacle to the
arrangement of the Eastern question, if the Emperor of
Russia will accept the condition of the evacuation of the
Principalities. The effect of this complication would
cease with the cause. The Conefitutionnel observes that
the question is now brought to a point which must soon
have a solution, and recommends a few days' patience.
We join in the recommendation. The Assembles
Nationale persists in predicting the maintenance of
peace. It considers the order given to the Hospodar of
Moldavia by the Russians the most natural thing in the
world; not indeed strictly equitable, but arising out of the
exercise of force. The Assemblee seems to be astonished
that so very simple and natural an incident as this
should be made the ground of objection and remon-
strance. The Siècle continues to demand energy on the
part of the British and French Governments, and re-
commends that a fleet should be sent to counteract the
designs which it imputes to the Emperor of Russia as
regards Denmark.
The Government is occupied with a decree, which is
about to be published, relative to the regulation of all
matters concerning the frontiers of the Empire, and to
the attributions of what is called the Mixed Commission.
This last-named body is to examine every thing that may
have reference either to the frontiers or to the ground
required to be left unoccupied round fortified places. It
will have to conciliate the interests of the various ser-
vices in such a manner as that the defence of the country
shall not suffer. The President and the members of
this body are to be named by the Emperor on the pre-
sentation of the ministers concerned ; and they are to
have full power to consult for the matters which come be-
fore them, the committee of fortifications, that of
artillery, the council-general of the pones-et-chaussees,
the council of admiralty, and the council of works of the
navy.
General de Fitte de Soucy, Inspector-General of the
corps of marines, has just returned to Paris from Gua-
deloupe, after having completed his tour of inspection.
M. Dugud, Prefect of the Aude, has been appointed
Prefect of the Manche, in the room of M. Paulze d'lvoy,
who has been appointed to the Aude.
Queen Christina is expected at Havre on Saturday
next. Her Majesty has taken apartments at the Fras-
cati Hotel for the bathing season.
Countess Orloff, wife of the Minister of Police at St.
Petersburgh, arrived at Rouen on Wednesday with her
suite and carriages, on her way from Dieppe to Paris.
The Prince of Wurtemburg and the Princess Olga of
Russia, his wife, arrived at Antwerp on Tuesday.
The Moniteur Algerien of the 30th publishes a gene-
ral order, appointing General P4lissier, commanding the
province of Oran, to take the government of the colony
during the absence of the Governor-General, who comes
to France on leave of absence. The ad interim com-
mand of the province of Oran is confided to General de
Luzy de Pelissac on Wednesday.
The unfavourable reaction reported in the Public Se-
curities continued yesterday, and Rentes have experi-
enced a heavy fall. The last prices were—for cash :
Three per Cents., 77f. 45c. ; Four-and-a-Half per Cents.,
102 f. 40c. ,For the account : Three per Cents., 77f. 55c. ;
Four-and-a-Half per Cents., 102 f. 30c. ; Bank Stock,
2,800 f. Credit Foncier shares have at length given way
20f., and Credit Mobilier have also fallen 20f. They
closed, Credit Foncier at 720 f., and Credit Mobilier,
790 f. 50c. The depression in the railway market is even
greater yesterday than it was on Wednesday, and in
some linesithe amount of depreciation is large. The fol-
lowing are the last quoted prices :—Northerns, 845 f. 25c.;
Paris and ,Orleans, 1,137 f. 25c. ; Paris and Strasbourg,
907 f. 50c., ; Paris and Lyons, 907 f. 50c. ; Paris and
Rouen, 1,065 f. 50c. ; Lyons to the Mediterranean, 740 f.;
Western of France, 758 f. ; Rouen and Havre, 490 f. ;
Bordeaux and Cette, 615 f. 50c.

TURKEY AND RUSSIA.
A privalte telegraphic dispatch, from Vienna, brings
the following, dated Constantinople, the 25th ult.:—
" The Ministers of the Porte held a council to-day,
and afterivards sent off a courier to Vienna. The public
mind is;more calm, but the preparations for defence
continue., A portion of the Imperial Guard has left for
Shumla."
The last direct news from Constantinople is given
by the Ost. Deutsche Post, in a letter of the 21st ult.. The
writer professes to have positive information that
Prince Gortschakoff has sequestered the tribute pay-
able by the Principalities to the Porte, and pro-
hibited all official intercourse between the provincial
Governments and the Suzerain. Another version of
the first part of this has, however, reached us. Reschid
Pasha demanded the tribute due, whereupon the Hos-
podars replied to Omer Pasha, that there were already
above BQ,OOO Russians in the Principalities, and the
outlay was so great that years must elapse before they
could again resume the payment of their tribute. There
was a report in Constantinople on the 21st that the
Emperor Nicholas had proclaimed the independence of
Moldavia and Wallachia under Stirbey, but others are
of opinion that the Turkish Government is more likely
to do 89. Probably neither of these reports deserve
attention. There is a very prevalent rumour, that a
powerful Ritssian army, which will be under the com-
mand of Prince Paskiewitz, is assembling on the fron-
tiers of Armenia in the direction of Erzeroum, but there
the Russians are not very likely to win laurels, as the
Asiatic provinces of Turkey are not its vulnerable point.
On the 18th and 19th all the Ulemahs and high dignita-
ries of the State were called together, and it was made
known to them in the name of the Sultan, that as they
did not share in the actual defence of the Empire it was
but reasonable that they should contribute to the ex-

penses.
These indications of the general tendency of affairs in
the Principalities have received a startling corroboration
by the receipt at Constantinople of a dispatch from the
Prince of IVloldavia on the 16th ult. It is addressed to his
Kapou•kaia, or Charge d'Affaires, at the Porte, and an-
nounce to him that aßussian occupation having taken place
his functions as Chargé d'Affaires are at an end. Prince
Vogorides, the Chargé d'Affaires in question, represents
this act as a declaration of independence, and his view
is adopted by those who, though influential, may per-
haps not be thoroughly conversant with the bearings of
the case. Prince Vogorides has a son•in-law, for whom
he has been actively intriguing for some time, with a
view of putting him in Prince Ghika's place as Hospo-
dar of Moldavia. His intrigues even reached the extent
a few months ago, when Prince Ghika was suffering
from severe illness, of inducing the Porte to sanction a
medical commission de lunatico inquirendo.
The Egyptian fleet is on its way from Alexandria,
which it left on the 15th inst., and consists of two line
of battle ships, four frigates, two corvettes, one brig,
and two steamers, 40 transports, with 25,000 troops.
The whole under the command of Kel Selim Pasha.
A letter from Constantinople of the 21st ult. states that
the news of the assembling of a corps of Russian troops
in the neighbourhood of Erzeroum was fully confirmed,
and that that city would be invested by the Russians in
the first fortnight of August.
The Patric has the following from Jassy, 20th ult. :
" Information has just been received from St. Peters-
burgh, that the Russian Government, while leaving to
the reigning princes of Moldavia and Wallachia their
title and their nominal power, has decided that there
shall be joined to them a council of government composed
of three members appointed by the Czar. All affairs
are to be submitted to this council, whose decisions will
be sovereign. Independently of this fact, the country
has just been subjected to a contribution in kind. Se-
veral young Boynrds having manifested their discontent.
at the exactions committed by the troops who occupy
the country, were immediately incorporated in the Rus-
sian army, where they will be compelled to serve for
three years. Engineers have been for several days past
taking a plan of the towns of Jassy and Bucharest,
which are, it is said, to be fortified in such a manner as
to be able to support the operations of the Russian
army."
A letter from Riffa states that several Russian ships,
which formed part of the 2d Russian fleet, have been
sent to Cronstadt to complete their fitting out, which
was not finished when they sailed.
The latest news we have from St. Petersburg comes
up to the 26th ult. ; a letter of that date maintains that
the Emperor would be very unwilling to receive an Am-
bassador from the Porte, unless he brought with him
the Russian ultimatum signed ; that the English and
French proposals had been set aside because they
seemed to proceed from a misunderstanding which
the circular dispatches of Count Nesselrode were in-
tended to remove ; that the task of Austria was the re-
moval of all the Porte's mistrust of Russia's pretensions;
that even any note in disclaimer on the part of Russia
would he a matter of difficulty, as the Emperor had al-
ready expressed himself on that point. The feeling was
still that negotiations must necessarily be carried on for
a very long time, until the Porte can be brought to give
way. Nothing had as yet had any success in convincing
the Petersburg Cabinet that there really were sound
reasons why the Porte could not give way.
From Cronstadt we hear that the news had been re-
ceived there of the loss of the Alfred, Capt. Martin, from
Newcastle, stranded on the island of Fsel.
As a preventive to the cholera, solemn processions
were parading the streets of Petersburgb, accompanied
by religious services, and with the crucifix carried at the

head.
Letters of an earlier date (24th ult.) from St. Peters-
burgh had expressed very distinctly that no proposals
would have any chance of acceptance that did not come
from Austria ; but when the Cabinet of Vienna has
procured the consent of the Porte to the Russian pos-
tulates, its representations will be taken into considera-
tion. The preliminary activity of the Austrian Cabinet
was represented as directed to withholding England and
France from any steps that would render war inevitable.
A Vienna correspondent of the Kreuz Zeitung
states that the Cabinets of Vienna and Peters-
burg are quite agreed on one point, not to let the influence
of England gain a monopoly or even a preponderance in
the East ; that this was a matter of vital necessity for
Austria, and to attain this Russia and Austria were de-
termined to unite all their energies.
A Jassy correspondent of the Augsbuiy Gazette writes,
" Those persons who consider the passage of the Pruth
a mere demonstration will soon see their error. The
4th and sth corps d arme-e have now passed the Pruth ;
that is, 24 infantry regiments, 12 regiments of Hussars
and Cossacks from the Don, making together 110,000
men, with 32 batteries, part of which form a siege
train. These forces, as you are already aware,
occupy the south of Wallachia, or, to speak more dis-
tinctly, the left bank of the Danube. Until yesterday we
believed that hardly more than 85,000 or 90,000 Rus-
sians were in the Principalities, but the following esti-
mate is probably nearer the mark—in the two Principali•

ties, between 100,000 and 110,00 men ; in Bessarabia, a
reserve of 85,000 men. In addition to the second reserve
army near Warsaw, there is to be a third near Tula, to
the south of Moscow, which, in case of need, will re-
inforce the army acting on the Asiatic-Turkish fron-
tiers. All the preparations announce a campaign of
some duration, and the contracts for supplies have been
concluded up to next year. If the Danube should be
crossed, which in case of war would of course be the very
first step, Shumla, would be besieged, but the main
army would proceed at once to the line of the Balkan.
The Jassy writer animadverts on the way in which the
west of Europe indulges in allusions, and laments the
irretrievable loss of time ; but these are matters which
are too patent to need repetition. Justice is done
to the high discipline observed in the Russian army,
and the officers themselves, probably in obedience to the
orders of their stern commander, are extremely polite to-
wards the inhabitants. It is evident that anything but
harmony prevails between the officers of Russian and
German origin. Prince Gortshakoff is said to treat the
latter, among whom are some of the most eminent gene-
rals, with singular coolness, and his conduct to the Mol-
davian dignitaries, who creep and cringe before him, is
not much more engaging.