The Sun.
London, England, 1854-06-21 00:00:00

THE SUN, LONDON, WEDNESDAY EVENING, JUNE 21, 18“,

drawal of credit, would be any very serious cala-
mity. It might be a task of no ordinary diffi-
culty to increase some of the bills ; while the great-
est blessing that could happen to the students would
be the prohibition of any dealing for wines, cigars,
sporting prints, and a variety of other articles,
except for ready money. We cannot agree with Mr.
CARDWELL in supposing that the withdrawal
of all credit, even for essentials, would have the
effect of closing the doors of the University against
deserving young men, who might not otherwise
have sufficient means to go through the curriculum
of study. We do not believe that any young
man, however great his talents, could undertake
a more perilous experiment than that of acquiring
a University education without the means of de-
fraying the indispensable outlay. If he has not
adequate funds, or friends to afford assist-
ance, he should be contented with a less
ambitious career ; nor should he, even
with a worthy and honourable object in
view, enter with the intention of habitually
incurring liabilities without any reasonable ex-
pectation of payment.

The only reasonable argument was, that the
provision should be made universal, without
being limited to the students of Oxford University.
By all means let it be so. But inasmuch as the
grievance is of more formidable dimensions there
than elsewhere, and as a general measure could
not be introduced in a bill for University Reform,
let us take what we can get in the first instance,
and wait for the generalisation of the useful en-
actment to the first convenient opportunity.

MON EY MAR KE

AND
COMMERCIAL INTELLIGENCE.

Foreign stocks are not very brisk, but generally
they maintain their price. Mexican Bonds have
been 24A- to Peruvian Active 67, and the De-
ferred 50g. Grenada Active Bonds have been at
18. Sardinian Bonds have been marked 85k.
Dutch 4 per Cents. have been 90 to 90i, and Bel-
gian 4i per Cents. 92.
The Railway Share Market has been rather vari-
able, being alternately higher and lower than yes-
terday, but with a good average business doing.
Great Western have declined, and the other prin-
cipal lines liai7e been cheaper, though at the mo-
ment of our writing there is an appearance of re-
vival, owing to the improvement in Consols.
French shares are tolerably steady.
The Foreign and Colonial Mining Market is sup-
ported with but limited operation. The Joint
Stock Bank shares are firm, and the Crystal Palace
better.

BRITISH FUNDS THIS DAY AT ONE O'CLOCK
(From the Ocial List.

Sank Stock
per Cent. Reduced Annuities 924 3i
3 per Cent Consols Annuities
34 per Cent. Annuities . 93,i 4 3
Lung Annuities, Expire sth Jan., 1860
India Stock
India Bonds, £lOOO
Ditto, under £lOOO ' A . , 2 4
Consols for Opening 19th July
£l000

2500 4 p
`1

•
Small 5 p
Exchequer Bonds Scrip p
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Grenada Bonds, Ex. Dec., 1849, Coupon lB
texican 3 per Cent.
Peruvian Bonds, 4} per Cent. 67
Peruvian 3 per Cott.
Sardinian Bonds, 5 per Cent.. 854
Spanish New Deferred, 3 per Cent. l9k

Dlvldenls on the above payable in London.
Belgian Bonds 4i per Cent. ex. 25 fr
Dutch Exchange, 2j per Cent. 12 Guil
Ditto 4 per Cent. Certificates
HALF-PAST TWO.
•
Consols for Opening 19th July ......... 93i 23 x d

PRICE OF GOLD.—The quotation of gold at Paris i 8
about 4 per mille discount (according to the last tariff),
which at the English Mint price of 3/. 17s. 104 d. per oz.
for standard gold, gives an exchange of 25.07 ; and, the
exchange at Paris on London at short being 25.00, it
follows that gold is about 0.28 per cent. dearer in Paris
than in London. By advices from Hamburg the price
of gold is 421 k per mark, which at the English Mint
price of 31. 17s. 100. per oz. for standard gold, gives an
exchange of 13.38 ; and, the exchange at Hamburg on
London at short being 13.21, it follows that gold is 0.18
per cent, dearer in Hamburg than in London. The
course of exchange at New York on London for bills at
60 days' sight is 1091 per cent., and, the par of exchange
between England and America being 109 23-40 per
cent., it follows that the exchange is nominally 0.17 per
cent. in favour of England; and, after making allowance
for charges of transport and difference of interest, the
present rate leaves a trifling profit on the importation
of gold from the United States.
TRH Fats' GUNBOAT FOR THE BALTIC,—The first of I

e six steam gun-vessels now building from Admiralty
drawings, by Messrs. R. and H. Green and Mr. O. 3.
Mare, has been launched by Messrs. Green from their
yard at Blackwall. She was christened the " Wrangler"
by the wife of Captain Cannan, R.N. The Admiralty
have been so anxious to get these vessels to sea that the
most extraordinary exertions have been made by all
parties concerned, and only eight weeks have elapsed
since the keel was laid. Toe rest of the vessels are in a
ye y forward state. They will carry two large pivot
guns, and six broadside guns. Their tonnage will be
476 68.94 ; length between perpendiculaars, 160 feet ;
breadth, extreme, 25 feet 4 inches ; greatest draught of
water, 11 feet 4 inches ; nominal horse power, 160.
When completed they will be the fastest, most beauti-
ful, and comparatively the strongest vessels in her Ma-
jesty's navy—the real " swallows of the fleet." Success
to them !
A CANNON BALL FROM ODESSA.—In the Under-
writers's-room may be seen a curious relic of the bom-
bardment of Odessa, being the first cannon ball fired by '
the Russians on that occasion, and which fulfilled its
murderous purpose.by-killing James Slater, a seaman on
board her Majesty's steamer Terrible. It is of great weight
and apparently a 32-pounder.—Liverpool Standard,

CITY, TWO O'CLOCK.
The sales of cotton at Liverpool yesterday were
estimated at 8,000 bales, including 1,000 American
and 700 Surat taken for export and on speculation.
The market closed steadily without changein prices.
The sales comprised 600 American, 250 Pernam
and Marnham, at Old. to 74d., 100 Bahia, at 6id,
200 Egyptian, at 6id. to 'lid., 1,500 Surat at 2id.
to 4kd., and 30 Sea Island, at 101 d. to Is. 4d. per
lb. Railway Shares were not quite so firm.
An attempt is making by the Colonial trade to
get permission to export saltpetre to the Continent,
on the ground that other countries are sending it
thither, and that we never have furnished the
article to Russia. It is exceedingly questionable
whether this permission ought, under the circum-
stances, to be granted, although some hardship
may arise from the prohibition.
In a report made by the Jewish Emigration Loan
Society, we are presented with the experience of the
first year's operations. Originally it was intended
to facilitate the emigration of single Jewish females
only, under the auspices of the Government, but
since then families as well have been assisted, and
America has been included in the scheme. Owing
to the increase of population, and the great com-
petition in trade, there is a large number of poor
persons among the Jewish community who earn
but a bare existence, but it has been found neces-
sary to preclude from the benefits of this fund all
but British-born Jews, or those domiciled 10 years
in this country. Persons only acquainted with
trade have been assisted, or those accustomed
to domestic service, and single women were
only sent out where they had friends in the
colony to receive them. Mrs. Chisholm took
with her 30 persons. The pecuniary aid given was
by way of loan to be repaid periodically. Alto-
gether 130 emigrants have been sent out, includ-
in.. 75 children, and of these 85 have gone to Aus-
tralia, and 45 to America. All this has been
accomplished at an outlay of 1,366/. Bs. 2d. The
applications are still numerous, and the Jewish
community have yet ample room for the exercise
of further liberality.
The ship Prince of Wales has arrived from Syd-
ney, whence she sailed March 6, with 100 ounces of
gold only.
The steamer Baltic, from America, brings
620,000 dollars. She advises an easy money mar-
ket, but rather dull trade.
According to the rumour mentioned a day or
two since, the arrangement with Messrs. Roths-
child and other capitalists, for taking two millions
of the Exchequer-bonds, has been completed. The
instalments are to be at the rate of 25 per cent., on
the 23rd June, sth July, 22nd August, and 10th
October. The prices at which the bands are taken
is 9715-16, which, allowing for the interest com-
mencing from the Bth last month, gives an interest
of 4/. 2s. 2d. per cent. The bonds are to be for
five years, and no further issue is to be attempted
for a period of ten weeks. Notwithstanding the
apparently high rate of interest that is paid, we
entertain not the slightest doubt that owing to the
power of redemption, this will be found a far more
economical mode of borrowing than the routine
course of public loans.
There is a difference of opinion about the Russian
loan, some accounts affirming that it is all taken,
while others mention that only about a million
sterling will be issued at Amsterdam. The accounts
from Vienna state that the Russian loan is only to
be issued in instalments of 80 million florins.
The new Prussian loan for 2,250,000/. has been
opened at Berlin, and is being rapidly subscribed
for. It is to bear interest at 41 per cent., less 1
per cent. commission, and to be issued at 94.
Further particulars have been received of the
new Belgian Loan, alluded to yesterday under this
head. The amount, as then stated, is 27,000,000
francs. The contract price is 90 for a4l per cent.
security, guaranteed against all converson until
1861. The interest begins from May Ist, and the
instalments will extend over 18 months from the
Ist July next to the 31st December, 1855. The
anticipation of interest being equal to 3 per cent.,
the loan will only cost the contractors 87. Messrs.
Rothschild Brothers, the National Bank of Bel-
gium, the Societe Generale, and the Bank of Bel-
gium are interested, but 5,000,000 francs will be
offered to public subscription.
There was no improvement in the rates of ex-
changes at which foreign bills were yesterday after-
noon negociated. Paris, 90 days, was taken at 25
22 to 25, Antwerp at 25 20 to 221, Amsterdam at
11 164 to 17, Hamburg at 13 41 to 51, Frankfort
at 1181 to 118,1, and Trieste at 12 50 to 12 55.
Bar silver has advanced again id. per ounce,
being at 61d. The numerous loans that are now
being contracted abroad will indirectly draw away
from us some of our bullion, and under these cir-
cumstances we scarcely expect the money market
to become permanently easy. Indeed, it is not
desirable there should be a reduction of interest,
otherwise speculation in foreign schemes will be
liberally indulged.
The funds have been steady, but some increase
in the demand for money has caused them to be
less animated. Consols were 93 to 931, and have
just ascended to 93-8 upon the news that the siege
of Silistria has been raised. The New Three-and-
a-Quarter per Cents. are 93 to I, and the Three
per Cents. 924 to 93k. Bank Stock has been very
firm, at 205 to 206. Exchequer Bills are 2s.
discount to Is. premium, and India Bonds 2s
discount.

GREAT CONFLAGRATION.-(THIS DAY.)

IMMENSE DESTRUCTION OF GOVERNMENT STORES AT
ST. GEORGE'S-IN-TIIE-EAST.—This morning, shortly after
3 o'clock, the inhabitants of St. George's-in-the-Ea4
were suddenly thrown into a state of the utmost excite-
ment, in consequence of the outbreak of a most exten-
sive fire, on the premises of Messrs. Pinchin and John-
son, oil and colour contractors, 26, Cable-street, Back-
road, whereby, property to the extent of upwards of
25,000/. was destroyed.
The premises in question were erected in 1842, and
were very commodious, being principally filled with oil,
white lead, brimstone, and numerous Government stores,
some portion of which were placed in warehouses erected
under the arches of the Blackwall Railway, between
Back Church-lane and Connon-street-road.
It appears that the premises was left quite safe on
Tuesday night at 9 o'clock, and about 3 o'clock this
morning, as Inspector Gernon, of the H division was
passing along Cable-street, he had his attention called to
a quantity of smoke issuing from the counting-house
window of Messrs. Pinchen and Johnson. The officer
immediately broke a pane of glass with his stick, and
sent a civilian to Wellcose-square for the engines. The
flames then rushed out and spread with alarming rapid-
ity, when Police-constable Lineham, 216 H, was de-
spatched to the Lemon-street station for assistance,
when a large body of officers were soon on the
spot, under the able direction of Superintendent
Steed. Upon passing through the stable-yard of
Mr. Hugh Campbell the principal portion of the
fire appeared to be raging in one of the store rooms
under the railway, from which place huge volumes of
flame were issuing, and extending over the side wall of
the line, completely interrupting the traffic of the luggage
trains which pass to and fro at that part in the morn
ing. Inspector Gernon accordingly dispatched officers
to Shadwell and Fenchurch-street telegraph offices for
the purpose of making the railway officials acquainted
with the danger which existed on that portion of the line.
The flames soon reached the combustible materials on
the ground floor, which ignited, when the fire passed
into the warehouse above, which was also extensively
filled with Government stores for shipping orders, in-
tended for vessels now lying in the river and docks,
which are about to be forwarded for the army in the
East.

The firemen, directed by Arr. Braidwood, worked most
courageously for several hours, but the chief portion of
the building and contents fell a prey to the ravages o
the devouring element, and the only portion of these ex•
tensive premises saved is a wing on the western side,
and the fire-proof vaults, which contain the most valu-
able portion of the stock.

The flames were raging at noon to-day, and such is
the extent of the fire at present in the ruins that many
hours must elapse before the burning mass will be
thoroughly extinguished.

Mr. Braidwood made his official report this morning.
The firm were insured in the Sun, Defendant, Royal
Exchange, Legal and Commercial, and Phoenix Fire
Offices for stock and building.
A fire of a similar character broke out on the same
spot 12 years since, after which the premises destroyed
were erected.