The Sun.
London, England, 1854-05-19 00:00:00

THE SUN, LONDON, FRIDAY EVENING. MAT is, Iss 4.

MOgEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, TWO o'CLOCK

The sales of cotton at Liverpool yesterday
were estimated at 7,000 bales, including 1,500
American taken for export and on speculation.
The market closed heavily, with prices of American
id. per lb. lower. The sales comprised 6,000 Ame-
rican ;190 Pernam and Maranham, at 6fd. to Bicl. ;
20 Bahia, at 60. to 61d. ; 200 Egyptian, at 6p.
to 9d. ; 500 Surat, at 3d. to 4d. ; and 130 Sea
Island, at is. to 2s. 6d. per lb. Railway shares
continued inactive.

In colonial produce, this week, the trans-
actions have been to a moderate extent,
and prices have not altered much. Sugar has
rather improved within the last two days ; coffee
has been in full supply, and therefore prevented
from rising ; rice has been firmer, owing to the
advance in grain ; tallow and hemp have been
maintained ; saltpetre has had a moderate sale ;
cotton has been dull ; and tea has gone off pub-
licly without much animation.
To-morrow, being the Queen's birthday, will be
a holiday at the Custom-house, Excise, Stamp and
Law offices, and at the Docks, but not at the
Bank of England, Exchequer, South Sea, or India
House.

The following ships have been accepted by her
Majesty's Emigration Commissioners :—For New-
castle, New South Wales, the Ellenborongh ; for
Adelaide, the Dirigo to go from Liverpool, and
from Hobart Town the Columbo.

The remainder of the letters by the overland
mail, brought via, Southampton, are expected here
012 the 24th inst.

The Highbury, arrived off the coast from Ade-
laide, South Australia, brings 16,469 ounces of
gold. •
There will be a large amount of shipping re-
quired by the Emigration Commissioners, judging
by their constant invitations for tenders within the
last month or two. A notice just out requires a
vessel for Portland Bay to leave England, June
30, another for Sydney on the same day, and a
third for Melbourne, on the 4th of July. Three
ships are also needed at Calcutta early in October,
November, and December, to take coolies to
Demerara.

In a Parliamentary paper issued this morning,
the balance of public income at the Bank of Eng-
land, on the sth April last, is given at 2,096,5431.,
and the balance of credits at 242,4771.
The Commissioners of Savings Banks held, on
on the 25th April last, 14,281,6561. in 3 per Cent.
Stock, 17,938,7101. in 3/ per Cents., 31,9001. in
New 2!. per Cents., and 700,0001. iu Exchequer
Bills.

The amount of gold exported direct from London
during the week to last Thursday was 1'2,697
ounces, and of silver 122,800 ounces and 2,0001.
The gold was sent principally to France, and the
silver to Holland.
It is reported that the new agent to be recom-
mended by the Committee of Mexican Bondholders
as the successor of Mr. Falconnet, is Mr. Rickards,
a gentleman who has resided in Mexico, and is
personally acquainted with Santa Anna.
The English stock market has been very buoy-
ant, and as it is knoivn. that n leading Hebrew
firm has been a buyer to some extent, even at the
high prices, many parties are emboldened to invest
or to speculate for a rise., The conviction is now
more than ever decided that Russia will be worsted
most signally before long, and that if the allies act
vigorously she cannot possibly hold either the
Danubian provinces or the Crimea. Consols
have been at to per cent. higher, namely,
89 to 89i for transfer, and 89 to ± for account.
The New 31 per Cents. have been 881 to 89, and
and the 3 per Cents. 87-. - to 881. Bank Stock has
been steady at 205. Exchequer Bills have been at
ls. discount to 2s. premium, and East India Bonds
at 10s. discount. The Exchequer Bonds have been
at Ito premium.
Foreign Stocks have been very quiet. Mexican,
however, have improved to 241 r f. "Russian 5 per
Cents. have been 95, and the 41- per cents. 81,
being steady. Dutch 21s per Cents. have been 58'1
to 591 t. Sardinian Bonds have realised 83;. Spa-
nish i per Cents. have been at 39.
For the English Railway Shares there has been
a better inquiry, and quotations have advanced.
Caledonian are very firm, Great Northern ss. to
10s. higher, North-Western about dearer, Mid-
land have improved 10s. to 155., and South-
Eastern, North British, and Edinburgh and Glas-
,,,ow are rather higher. The French lines have
been in request—Strasburg at an improvement of
1, and Lyons of to
Aqua Fria Mine Shares have advanced The
other gold mines are nominal.
There is continued buoyancy in the Joint-Stock
Bank Shares, with numerous bargains. Austra-
lasia and Oriental are particularly good.
The Shares of the Land Companies are well sup-
ported, and with fair transactions. Crystal Palace
Shares are a shade higher.

BRITISH FUNDS THIS DAY AT ONE O'CLOCK,
(Front the Official List. ) . .

nnsiness done.
Bank Stock ... 205
Tier Cent. Reduced Annuities BBl 7i 81
3 ncr Cent. Consols Annuities B9/ 9
New 3; acr Cent. Annuities , BBl 981
Long Annuities, Ex Are sth J..n., 1860 4 9-16 11.16
India Bonds, ..... .......
Consols cor Account t;th June . B9 1 9
Exchequer Bills, 2d.
£l000
2500 1 d 2 p
Exchequer Bonds Scrip 4 pun 981. 16s
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
%lexical' 3 per Cent.
Russian Bonds, 1822, 5 per Cent. £ St 95
Ditto 4} per Cent Bl
Sardinian Roads, 5 per Cent B3i
Spanish Bonds, 3 per Cent 39
Dividends on the above payable in London.
Dutch Exchange, 2i per Cent. 12 Gull sBj 9i
HALF•PAST T IVO.
Consols B9i
Ditto June Account B9

LATEST FOREIGN NEWS.

THE WAR.

ATTACK UPON SEBASTOPOL.
A despatch from Constantinople, dated the 10th,
announces that the outer forts of Sebastopol.had
been cannonaded by the combined fleets with guns
of long range. It adds that the firing compelled
the Russians to evacuate this part of the harbour.

Schamyl. He asked for help, stated hew much lie
was pressed by his enemies, and complained of the
treachery of the other chiefs. He had a claim, he
said, to the assistance of the English, for he had
heard that when a people rose against a Govern-
ment, and proved their determination to be free by
a struggle of seven years, the English always in-
terfered and gave them their liberty. Now, he had
fought for much more than seven years, and he
,hoped that the English would not refuse to help.
him. This was rather inexplicable ; but the inci-
dent on which the poor chieftain grounded his
hopes was at last guessed. He had heard of the
war of Greek independence, and how the nations
of Europe had left the Helleues to fight unassisted
for the term he mentioned, and then joined to ob-
tain the recognition of their independence. But,
unhappily, the mountaineers of the Caucasus have
had no classical ancestors, and the sympathy they
excite is due to their own unassisted valour. No
noble poet or eloquent ex-chancellor has raised a
furore for their cause. •
At the dinner given to the Prince Napoleon by
the French Ambassador, a toast was given, the effect
of which has not been happy. The Prince rose, and
spoke as follows :—" A l'illustre Sultan ; . . .
nous sommes venus ici, Messieurs, pour l d6fendre
avec sincerito energie." To the bulk of mankind
this would seem all correct ; but Turkish suscepti-
bility has Leen much wounded. In the first place,
was " illustsc" a proper term to apply to the
Padishah ? Any one may be illustre, but the
Sultan is essentially auguste, and out to. be called
so. Again, the word " defendre" is far from being
a proper expression. A man defends his dog or his
wife. The term. " sotttenir" . should be used in
speaking of a true believer. The incident has pro-
duced " an unpleasant impression."
General Prim, commissioned by the Spanish Go-
vernment to be present with the military operations
of the allied armies, has been here for some days,
and is as much an object of interest as the Prince
himself. The gorgeous uniforms of himself and his
suite are to be met with at every turn. The Gene-
ral is preceded by 12 Catalonians, in a picturesque
and brilliant costume, and is followed by nearly as
many colonels and captains of his staff, who quite
throw into the shade-:the-more .plainly-dressed war-
riors of France and England. - -
The General of Brigade, Tefik Pasha, has been
attached to the person of Piince Napoleon, and
accompanies him in his visits to various points of
interest about the city. The Sultan's visit to the
Prince has been much spoken of. It is the first
instance of such a compliment being paid by the
Turkish Sovereign to any person. He sometimes
enters the houses of his dependents for his own
amusement ; but such a ceremony as a diplomatic
visit of courtesy has, till now, never taken place.
The operations of the army are doubtful until
the arrival of Marshal St. Arnaud. Through de-
ference for our French allies, Lord Raglan has
refrained from giving any but the most necessary
orders, and has not even visited the works at
Boulair (Playar). The work of the commissariat
is proceeding with great success, and the head of
this department speaks with much satisfaction of
the honesty and good spirit of the Turkish autho-
rities—so different from the spite and bad faith met
with from Spaniards and Portuguese at a former
period. The Turks are slow and. dilatory ; they
have to be kept to their work by incessant watch-
fulness, but their intentions are excellent, and
there is an absence of jealousy unexpected and sur-
prising. At least 5,000 packhorses will be required.
for the transport of provisions, unless waggons can
be procured in sufficient numbers. The soldiers are
anxious for their beer, which was last heard of off
Cape Matapan. It will be an excellent antidote or
substitute for raki, which is the nearest approach to
poison that has ever become a national beverage.
However, it is doubtful whether the porter casks
can be transported. to .the .seat of war ; their size
is alleged to be inconvenient, and, what is more,
precedent is against it. The Duke had no porter
in the Peninsula. It is to be hoped, however, that
the difficulty will be surmounted, and that the men
will not be deprived of the refreshing fluid, when
they most want it to support them against the
scorching sun of July, and the choking miasma of
the Danubian marshes.
It l.ias been reported here that the Prussian Con-
sul at Bucharest had lowered his flag, and ceased
from all communication with the actual Govern-
ment of Wallachia. The Austrian Consul was
about to follow his example. The truth of these
statements cannot be depended on.
Piracy increases in the Archipelago. A vessel
from Rhodes to Finica, with a crew of only three
men, was assailed on the 17th of April by a tchernik,
manned by some 12 pirates. A sum of money,
about 400 Turkish liras, was taken, and the crew
ill-treated. Several other atrocities in the neigh-
bourhood of Myra are spoken of. A fire of great
extent took place last night, and raged .for hours.
It commenced in the neighbourhood of the Egyp-
tian bazaar, and destroYed a large number of build-
ings, as far as the four points. The engines em-
ployed to arrest conflagrations in this country are
mere squirts, capable of being carried by a single
man, and useless in such a calamity as that which has
just taken place. Of late there has been a cessation of
the almost nightly fires which used to keep the city
awake. In Pera the new houses are mainly of stone,
and in the others the greatest care is taken to avoid
an accident. lii old times fires were the means
by which the populace expressed their dissatisfac-
tion with the Government, and answered the pur-
pose of platform meetings with us. A Sultan to
whom the people'. had_ no access was thus often
warned that his Vizier was a tyrant or a plunderer,
and was enabled to take measures for his removal.
Whether the populace be contented or not, there
has certainly been lately a great diminution of
such events ; the deposition of the Grand Mufti
did not excite a single incendiary, and the present
fire is most probably the result of the inveterate
carelessness of the lower class of Turks.