The Sun.
London, England, 1853-04-25 00:00:00

StJN, LONDON, MONDAY EVENING, APRIL 25, 185 3.

MONEY MARKET AND COMMERCIAL
INTELLIGENCE-(THIS DAY.)

CITY, TWO 0 CLOCK.

The sales of cotton at Liverpool on Saturday
were estimated at 5,000 bales, of which 500 Ame-
rican were taken for export. The market closed
heavily with a large supply of cotton offering. The
sales include 500 Egyptian, 51d. to 7d. ; 700 Surat,
3id. to 4d., and the remainder nearly all Ameri-
can. Railway Shares were steady and firm.
The Corn trade is steady to-day at last week's
prices.
The overland mail has been telegraphed, and the
next arrival there will probably be dates of the
middle or end of February from Australia, as the
Peninsular and Oriental Steam Navigation Com-
pany's vessel, Shanghai, was to leave Sydney about
that time. Several vessels which left in January,
and are still due, had considerable sums in gold on
board. The Calcutta dates are March 19. The
exchange on London was at 2i. Trade at Bombay
was dull and money plentiful. The news from
China is very serious, and the insurgents are
stated to have taken Nankin.

The steamer Niagara brings information of an
easier money market at New York, and trade was in
a satisfactory state, being very active. Breadstuffs
were in demand, and there was a fair inquiry for
cotton. In freights there was no alteration.
Exchange 1091
The Lisbon mail brings accounts of the Ministry
being in a weak position. The exchange in London
was at 541. The discount on Lisbon Bank notes
was 2i.
The Honourable East India Company drew bills
from the Bth inst. to Saturday last, to the amount
of 57,8351. on the three Presidencies.
The funds are very firmly supported this morn-
ing, but with scarcely any dealings for time, as the
jobbers are anxious to await the further proceed-
ings in reference to Budget. Money purchases
continue, and Consols have been done at 1008
for Transfer, and 1001 for Account. The New
per Cents. have been marked 103 i to and the 3
per Cents. 100 to Bank Stock has been steady
at 2261, and India Stock at 262. Exchequer Bills
of June are 4s. premium.

Mr. Weisweiller has sent a reclamation to the
present Finance Miniuter of Spain, Senor Bermudez
de Castro, on behalf of the Certificate holders.
Senor Bermudez de Castro, was formerly an ad-
vocate for the just rights of the Coupon holders,
and, therefore, it is to be hoped, as Minister, he
will carry out his expressed opinions. Mr. Weis-
weiller will forward the Minister's answer as soon
as received.

In the Foreign Market, the feature is a further
sudden rise in Greek bonds, the " Red " being
preferred and as much as 10 and 11 have been
paid for them. Brazilian old bonds are worth
1001, Peruvian Deferred keep firm at 68, Equador
are steady at 6f, and Mexican at 27i I. Spanish
Certificates are supported at 6i to 7i. Portuguese
4 per Cents. are worth 40. Russian 5 per Cent.
bonds have been marked 120 to I.
The railway meetings announced are the fol-
lowing :

Place.

Company. Date.
Dieppe and Fecamp April 29, Paris.
Grand Junction of France April 30, Paris.
Great Indian Peninsula April 27, 3, New Broad•st
London and North-Western April 30, Euston Station.
Lyons and Mediterranean April 30, Paris.

Manchester, Sheffield, and
Lincolnshire
North of France April 30, Paris.
Paris, Caen, and Cherbourg May 4, Paris.
Paris and Rouen May 3, Paris.
_ _

Paris and Strasbourg _ .
April 28, Paris.
Sambre and Meuse April 30, Jardines.
Southern of France April 30, Paris.
South Yorkshire May 12, London Tavern.

The following note, dated the 19th inst., has
been received from the Secretary of the Norfolk
Railway Company :
" I beg to acquaint you, for the information of the
Stock Exchange, that on the 25th inst., the following
shares of this company will be converted into stocks, bear-
ing the same rates of interest as the shares now bear,
viz, :
" The Si. per cent. extension shares will be converted
into a Consolidated Si. per Cent. Extension Stock, 1846.
The 5/. 10s. per Cent. Preference Shares into a Con-
solidated Si. 10s. per Cent. Preference Stock, 1847.
"The 51. per Cent. Waveney Valley Shares into a
Consolidated Si. per Cent Waveney Valley Extension
Stock, 1847, and—
" The Shares of the Lowestoft Railway and Harbour
Company will also, on the same day be converted into
stocks bearing the same rate of interest, viz. :
" The 4 per Cent. Shares will be converted into a
Consolidated 44. per Cent. Stock, and the 6 per Cent.
Shares into a Consolidated 61. per Cent. Stock.
- • •

Notice has been given (under date the 16th inst.)
to those English shareholders who have not yet
claimed the returns payable both on account of the
deposit and call upon the Dendre Valley shares,
and which have been payable since the month of
June, 1852, pursuant to former advertisements,
that they are requested to do so forthwith, as the
liquidators are desirous of making a further and
final distribution of the fund, and closing the ac-
counts of the company.
The Railway Share Market has been without
any alteration of moment, and with but little do-
ing. French shares are steady.
The Joint Stock Bank Shares are quiet, the
Land Companies' rather heavy, and the Gold Mines
firmer, especially the Agua Fria. The Nova
Scotia Copper have been as low as ± prem.

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

Bank Stock
3 per Cant. Reduced Annuities IOO2A
3 per Cei,t. Consols Annuities
New 34 per Cent. Annuities . 1034 A 4 g i
Long Annuities, Expire sth Jan., 1860 ...
Ditto- 30 Years, Expire 10th Oct., 1859 .... 5 13-16
India Stock

South Sea Old Annuities
Consols for Account
Exchequer Bills lid. June. March.
£lOOO 4
£5OO —
, Small . 4 8 7 3
PRICE OF FOREIGN FUNDS THIS DAY.
Austrian Bonds, 5 per Cent.
Brazilian Bonds, 5 per Cent. —
Ditto for the Account lOOl
Ditto Small
Equador Bonds
Grenada Bonds, Deferred
Greek Bonds, Red
Mexican 3 per Cent.
Peruvian Scrip 4 p
Peruvian Deferred 3 per Cent.
Portuguese Bonds, 4 per Cent.
Russian Bonds, 5 per Cent.
Ditto for the Account l2O
Ditto 4A per Cent lO4l a
Sardinian Bonds, 5 per Cent.
Spanish Bonds 3 per Cent
Ditto New Deferred, 3 per Cent 24i 34
Ditto Passive (Converted)
Spanish Committee Cert. of Coup. not fun. 7 64 p a

THREE O'CLOCK.

Consols lOOl i
Ditto May Account lOO3

MUSEUM Or PATENTED INVENTIONS.—A numerously
and influentially signed memorial has recently been
addressed from Manchester to the Board of Trade, pray-
ing the Government to give every facility in their power
towards furthering that portion of the surplus scheme
of the Royal Commissioners for the Exhibition of 1851,
which relates to the establishment of a Museum of In-
ventions. The Board of Trade has informed the me-
morialists that it has forwarded the above memorial,
together with a similar one from the Bradford Chamber
of Commerce, to the Commissioners of Patents (within
whose province the subject more especially rest), accom-
panied by an expression of its sympathy with the object
prayed for. Memorials to the same effect have been
addressed by the above towns and other to her Majesty's
Commissioners for the Exhibition.
THE BUDGET.—The principal feature of Mr. Glad-
stone's budget is its injustice to the landed interest. All
property in land is to be subject to a heavy tax when-
ever a death occurs, and the malt tax is not to be
touched. The injustice of the income tax in assessing
incomes from fixed and fluctuating sources at the same
rate is to be continued, and the Times is bribed to silence
by a huge gift of 40,0001. a-year in the repeal of the
stamp on its supplements. The budget throughout is
crowded with injustice, as we shall show at length in
our next. It is the general belief that the budget and
the Ministry will fall together, if ministers have staked
their fate',upon it : it never can be accepted by the House
of Commons.—Herts Guardian.
THE RISE IN WORKMEN'S WAGES. —On Saturday
afternoon a meeting of the miners of Northumberland
was held near Bedlington, with the object of asking for
an advance of wages, and to adopt certain resolutions to
secure a better protection of their health and lives in the
mines. There is no doubt, from the flourishing state of
the coal trade, that any reasonable demands will be
acceded to by the masters. The joiners of Sunderland
and the tailors of Hartlepool have been out on strike.
The bricklayers of South Shields struck work for an
advance last week, and so plentiful is employment, that
they were nearly all immediately engaged to work in
Sunderland at the advanced wages-275. per week.
DEMOCRACY RAMPANT.—First Juvenile Politician :

" Wall, say, now the Demmycrats is in, what do you
spose they'll do r Second Juvenile Politician (scorn-
fully) : "Do, you fool ? ,Why, 'nex Cuby and Canadee
take the Givano Islands, 'nex Hingland, and bring Hal-
bert and Wictory over and show 'em Barnum's—that's
what they'll do." First Juvenile Politician : " They
will 1 Hooray
yer r
oorayLDAteremmmiyma pperatsafw.
for ever I—say, give us a
willplug,

FINE ARTS,

EXHIBITION OF THE OLD SOCIETY OF
WATER-COLOUR PAINTERS.

On Saturday afternoon we had the gratification of at-
tending the private view of this annual and popular
exhibition. The present, which is the fortieth display
made by the Old Society of Painters in Water Colours,
may be numbered, in several respects, among the ranks
of some of its most successful predecessors. We believe
this was pretty generally the impression of those who
passed through the porch of 5, Pall-Mall East, and
crowded the gallery during the fashionable hours (for
even time in civilised life has portions that are and other
portions that are not fashionable) the day before yester-
day. Nevertheless, while we must in justice speak thus
in ungrudging terms of commendation, we must perforce
assert at the outset that an annual visit to the collection
distributed over the walls of that department becomes
in the end somewhat monotonous. Our taste grows
sated by that inevitable uniformity, even though it be
(as it is in many instances) the uniformity of excellence.
It is possible to imagine beforehand exactly what we are
going to witness at No. 5, Pall Mall East, as the season
comes round when we are invited by that agreeable
fragment of pasteboard to inspect the treasures of the new
Exhibition. We can foresee the general appearance of the
room before we ascend that almost perpendicular stair-
case. Somebody recently writing in one of the Quar-
terlies lamented the improbability of any one making
away with that everlasting suit of armour—fluted—
which glitters in almost all the products of the easel of
Mr. Corbould. Somebody else, long ago, declaimed—
we cannot but think rather unwisely—against the eter-
nal repetition of yellow and green, green and yellow, in
the paintings of Mr. Poole. Unwisely We say in this
case, seeing that the artist may well be pardoned for
any sort of partiality or predilection yielding to the
world— as in " Solomon Eagle during the plague of Lon-
don," or as in "Job and the Messengers"—such incom-
parable masterpieces. Yet the principle implied in the
objection commands our hearty recognition. Whenever
we see the same old story told (in the manipulation at
least) over, and over, and over again-- we long for a
change, even though it were at the risk of its proving a
change from merit to mediocrity. We yearn to see the
genius of art rising above the deteriorating level
of mere mannerism. We long to see Mr. Frost,
for example, giving us something else than those
enamelled crudities of his —exquisite though they
are. We pine to see Mr. Maclise devoting more
care (as he used " once upon a time") to the
grouping, and the passion, and the poetry of his com-
positions, and less to the delineation of rusty nails and
minute May-blossoms. We are beginning to dread
more and more the dogged repetition of the same wearying
peculiarities, until we can scarcely look without a sup-
' pressed shudder at those abominably clever rustic boys
of Mr. Hunt, and those detestably ingenious Italian
mendicants of Mr. Hurlstene. It is with feelings like
these—half of pleasure, half of indignation—that we visit
each year the collection of the Old Society of Water
Colourists. The chiefs of the society are wonderfully
gifted, but they are also wonderfully given to the vice of
repeating themselves. There is Copley Fielding, the
President, with his masterly sea-pieces— always the
same—every pair of them " as like as two pins," as the
saying is—washed in upon a neutral-tint ground, with a
touch that has come at last to be very nearly indeed
the touch of perfection. There is Frederick Tayler again,
with his mountain scenery, enlivened by figures who
to the
having once succeeded in some particular method, theie
eanredalwofaytsh`e` "bringing home omletthwe
would really
reAanlldy soseoenin
same path is pursued by the artist thenceforth and for
ever—the same ground is traversed perpetually, the same
walk is trodden and re-trodden, until it becomes worn
out like the steps of some old shrine or confessional.
Notwithstanding this extraordinary curse of sameness,
our galleries are each season adorned with works in some
instances highly meritorious. It is thus in the present
case with the Old Water-Colour Exhibition. Several
pictures hanging at this moment on the walls of the
gallery are really admirable specimens of the masters
fi orn whose blended skill and industry they have
emanated. No. 50, "The Water Meadows, Droxford,
Hants," by W. Evans, of Eton, is a delicious land-
scape— a landscape worthy of being coupled through the
, catalogue with that daintily suggestive line from dear old
Izaak Walton—" Trust me, I have caught many a trout
in this particular meadow." The production, we re-
peat, is delicious as a limning from nature—but
then W. Evans, of Eton, is always delightful—
a keen and appreciative observer of that sub-
lime subject, the contemplation of which Harold
Skimpole did not wish to be obstructed by "the
absurd figure of an angry baker." No. 68, " Marino
Faliero," by Carl Haag— one of the most attractive pic-
tures in the Gallery— is a brilliant example of colouring,
the situation of the two figures introduced, the Doge
and the Spy, being marvellously effective and dramatic.
No. 62. " Highland Peat Girl, Banavie, Inverness-
shire," by T. M. Richardson, though a small and un-
pretending sketch hung out of the way, at rather too
great an elevation, is noticeable especially for the grace-
ful form of the lassie and the natural repose of her atti-
tude. No. 73, " Old Mill at Ringwood, Hants ;" and
No. 84, "A Showery Day," both by George Fripp, are
charming glimpses of that home-scenery George Fripp
knows so well how to pourtray, without overlooking the
main source of their fascination. No. 77, " Richard
11. resigns his Crown to Bolingbroke," by John Gilbert
about the most pretentious work in the col-
lection is, to our thinking, also, about the
least satisfactory. Its indefatigable artist fails in
proportion to the ascent of his ambition. No.
82, " Italian. Landscape—composition," by T. M.
Richardson, is chiefly conspicuous for the merit displayed
in that same composition. The rustics grouped together
in the foreground are introduced with a freedom and
grace quite inimitable. There are two capital little
gleams of Irish humour in Nos. 110 and 121, by IL P.
Riviere, respectively entitled (and the very titles are
comically suggestive of the fun in each) " A Bit of
Blarney" and " A little Botheration." Alfred Fripp
has two extraordinary productions, productions to our
mind as extravagant as extraordinary. No. 124, "Il
dolce far niente," as raw in colouring as tasteless in de-
sign, displays the domestic evolutions of a sort of Oriental
Professor Risley. The other extravagance alluded to, is
No, 165, " Pompeii the city of the dead," by the same
artist—a work ghastly with blue-lights and ruin, being,
in short, little better than a Vauxhall transparency.
Carl Haag has, besides the picture already noticed,
another, No. 172, representing his Royal Highness the
Duke of Saxe-Coburg and Gotha (brother of the Prince
Consort) and his Serene Highness the Prince Leiningen
(half-brother of her Majesty the Queen of England)—
returning from a chamois hunt, in the val'ey of the
Inner-Riss, Tyrol. The oddity of the costumes worn
by the Princes imparts a piquancy to the composition.
We observe that the painting is announced to be the pro-
perty of her Majesty, according to the catalogue. A horrid
subject is treated rather preposterously by J. Stepha-
noff—meaning No. 190, " A Party of Huntsmen an-
noying a Congregation in a Church." The work in
question is altogether detestable, and, looking at it, we
cannot but regret that the artist ever glanced at
" Smith's Games and Amusements." It would be un-
fair not to notice as commendable No. 191, " Elizabeth
Castle, Jersey--storm clearing off," by C. Bentley. A
variety of pictures in the gallery might be particularised
in terms of deserved eulogium, especially several among
the contributions of Cox and Callow, of Duncan and
Gastineau.

Among the visitors we observed the Duke and Duchess
of Argyll, the Marquis and Marchioness of Camden, the
Marquis and Marchioness of Ailesbury, the Marquis of
Lansdowne, the Earl and Countess Grey, Earl Grosve-
nor, the Earl of Carlisle, the Earl of Bradford, the
Bishops of London and Winchester, Lords Colborne,
Overstone, Galway, St. Leonards, ampbell, &c., &c. ;
together with several of the Foreign Ambassadors and
Royal Academicians.

ROYAL SOCIETY.—The Earl of Rosse, as President of
the Royal Society, gave his first soirée for the season on
Saturday. Among those present were, the Duke of
Leinster, Earl of Lanesborough, Earl of Enniskillen,
Earl of Sheffield, Lord Colchester, Lord Trimlestown,
Lord Berriedale, Lord Mahon, Lord Radstock, Lord
Carew, Lord Beaumont, Baron Goldsmid, the Austrian
Minister, the Prussian Minister, Bishop of Oxford,
Bishop of St. Ashph, the Lord Chief Baron, Sir P. Eger-
ton, Sir W. Harris, Sir W. Ross, Sir H. Douglas,
Sir G. Phillips, Sir J. Clark*, Sir J. Staunton, Sir
R. Inglis, Sir W. C. Trevelyan, Sir H. Ellis, Sir J.
Boileau, Sir J. Hansler, Sir D. Brewster, Sir B. Brodie,
Sir J. South, Sir C. Lemon, Sir C. Fellows, Sir L. Ot-
way, Sir H. Holland, the President of the College Phy-
sicians, the Astronomer Royal, Professors, FarAday,
Sharpey, Whaatsone, and Tennant, General Wavell,
Admiral Bowles, Mr. Babbage, Colonel York, Colonel
Sanderson, Mr. Cardwell, M.P., Mr. Hume, M.P., Mr.
Heywood, M.P., Mr. Tite, Hon. Mr. Parsons, Mr.
Weld, Mr. Murray, Mr. Lefroy, Colonel Sabine, R.A.,
Captain Beechey, Dr. Farre, Dr. Playfair, Dr. Bence,
Jones, Dr. Thompson, Dr. arre, Dr. Owen Rees, Dr.
Twiss, Dr. Sibson, Mr. Rennie, Rev. J. Barlow, Colonel
Chesney, Dr. Lee, Mr. Tupper, Mr. Bishop, Mr. Hind,
Mr. Godwin, Mr. Burk, Mr. Neville, Mr. Everett, Mr.
Barclay, Mr. Auldjo, Mr. Partridge, Mr. Pickersgill,
&c., &c.
PROGRESS OF THE CHOLERA.—In the last sitting of
_

the Academy of Medicine, Professor Jules Cloquet com-
municated a letter which he had received from Teheran.
from his nephew, who is physician to the Shah of Persia,
in which lie gives some interesting details on the subject
of the cholera. He says : We are threatened with cholera
this spring, and I am obliged to do the honours of the
country to this disagreeable visitor. The malady in this
instance follows a progress quite unusual. It broke out at
Bussorah in 1851 ; it has already come up the course of
the Tigris as far as Bagdad; from Bagdad, in crossing the
Kurdistan it directed its course towards the province of
Azerbaidjan. After having ravaged that country, and
particularly Tauris, the capital of it, it proceeds .to the
south and south-east, following the borders of the Cas-
pian Sea, and it is stated that it has made its appearance
at Cashin, which is only 22 leagues from Teheran. Ac-
cording to this itinerary it is not probable that on this
occasion it will direct its course towards Europe, ancl,
there is every reason to hope that after having levied its
quota on Persia, the malady will proceed tot India, its
native country, which it Alight UM to 'Ave quitted,"