The Sun.
London, England, 1854-04-04 00:00:00

THE SUN, LONDON, TUESDAY EVENING, APRIL 4, 1854.

restraints of the Law of Settlement ; while Iret
land's poor-law troubles are but of yesterday. tI
seems natural, therefore, that those who have
suffered longest should be first relieved. It must
appear, moreover, very dog-in-the-manger-like
policy to say to the English labourer, If your
Irish guests cannot at once obtain equal privileges
with you on this side the Channel, we will keep
you out of your privileges till they can. Nothing
must be trusted to English sentiments of humanity
and fairness, but the Government must be
" screwed," and English labourers pinched, till
" the Irish difficulty" is settled—not after fair
investigation, but to get rid of troublesome oppo-
sition. It may have been -bad generalship in Lord
PALMERSTON not to have arranged the Irish part
of the question before allowing the measure for
England to be introdaced ; but it was bad
only on the supposition that Irish members
woukl prove themselves factious against benevo-
lence to English labourers. Suppose the worst ;
suppose the present bill carried, and Government
unable to carry the promised supplementary mea-
sure for Irish labourers, what would they be the
wore for it ? Tim English labourer would
achieve a certain gain, the Irishman would lose
nothing if he gained nothing ; and we must think
a generous Irishman would not wish to retain a
law bearing hardly on his English neighbour
because, when he came here, he did not himself
enjoy its benefit. We are confident, however,
that the Irish members are mistaking their true
policy. By blending the two measures, or striving
to advance them pari passu, they may incur the
rejection of both ; but if they cordially pass the
English bill it is morally impossible that the Irish
one should not promptly follow. The good faith
of the Government and the good feeling of this
country are far better to rely upon than the
squeez3 of the Irish screw. Should they succeed,
English labourers, more than the Government,
will be the sufferers ; and it may well happen
that if all becomes known, it will be only mini-
stering to the too prevalent between the
labourers of this country and those of th© sister
isle. Paddy will be regarded more than ever as
an intrusive foreigner—as the fellow who not
only reduces wages, but who straps a harsh law
on the backs of unfortunate Englishmen when
the Government would have removed it.

MONEY MA RKE T

AND
COMMEBCIAL INTELLIGENCE.

CITY, TWO O'CLOCK.

The sales of cotton at Liverpool yesterday
were estimated at 5,000 bales, including 500 Ame-
rican taken for export. The market was steady,
without alteration in prices. The sales comprised
4,000 American, 160 2ernam and Marauham, at
6.1 d. to 7d. ; 400 Egyptian, at 6d. to Bd.; 400
Surat, at 3d. to W.; and 30 Sea Island, at ls. to
Is. 3id. per lb. Railway Shares were flat, at
rather lower prices.
The following observations directed against those
who argue that a supply of tallow can be obtained
indirectly, and whose views find expression in
the columns of a leading contemporary, are by
Messrs. Smith and Charles, Russia brokers, and in
this, as in other cases, we leave them to the judg-
ment of parties acquainted with the subject :--
"The average cost of bringing tallow from St. Peters-
burg to England is 21. per ton. By the penultimate
advices from St. Petersburg, it appears that 50 casks of
tallow ha 1 been bought, and a contract made for bring-
ing them overland Li] Memel, at 31 expense of '241. per
ton, including freight to England ; and it is stab d that,
had the quantitybeen 100 casks, the overland charges would
have been much greater. By this day's advices from
St. Petersburg, we learn that no further purchases had
been male for export, as no conveyances to neutral
ports could be obtained, and goods already on the way
to Memel were detained for want of horses. The
Economist proceeds, In the year 1853, high
prices and an appprensian of war brought hither
an unusual quantity of tallow from St. Petersburg.'
The average price during the period in which
tallow was being brought into St. Petersburg for
shipment to this country was 50s. 6d. per cwt. The
price, however, had nothing to do with the St. Peters-
burg supply. The tallow was all manufactured in the
interior of the country, between October 1852, and
January 1853, and forwarded to the wharves on the
:-rest internal rivers by the following March for transit
to St. Petersburg, and would have been sold (or con-
signed) and shipped from St. Petersburg (as is the ells-
tom of the trade) whatever had been the price of tallow
here, or the political aspect of Europe. The Economist
continues—' Our growing demand for materials of that
description (tallow) is supplied by the increasing quan-
tities of palm oil and cocoa nut oil.' As bearing
on the future, we have only to repeat what we said on
the 3d ult., that till largest estimates of both these oils
for the present year give an increase over 1853 of 4,500
tone. The Economist concludes its article by suggesting
that, for purposes of illumination, tallow may be super-
seded by wood and a.ells, and a variety of materials from
which gas way be obtained.' Tue writer appears to for-
get that we derive large supplies of wood from Russia,
that tne price of this article has risen very considerably,
and that, if employed as he proposes, the price would be
immensely enhanced. We admit that the use of gas
may be extended, but the objections to it are inherent
in its nature."

Of the silk market, during the month, Mr. H.
W. Eaton writes m follows :

"As might be expected the silk market during the
last month has formed no exception to the general sus-
pension of trade, consumers being naturally unwilling to
buy beyond their immediate wants ; it is therefore the
more gratifying to be able to report the largest monthly
de'ivery of silk ever known, the excess, which consists
of Chinas, being 939 bales over that of March, 1853,
then considered the largest on record."
The following statement has been sent by Messrs.
M'Nair, Greenhow, and Irving, as to the position
of the Manchester market during the past month :
"There is, so far, not so much ground for dissatisfac-
tion, when the immensely productive power of the dis-
trict is taken into account. As yet there are no stocks
of importance to be found generally, but as may have
been perceived and inferred, they are likely soon to in-
crease materially in both goods and yarns, unless a re-
vival of demand should ensue or the working of short
time commence, and that is a theme upon which nearly
all our spinners and manufacturers are meditating. Un-
less sonic change for the better soon take place. the alter-
native appears to us to be unavoidable, and it is one
which ought generally to lie w:opted.
" We may mention that the most important change
in feeling, in action, and in value occurred within the
last fourteen days.
" Prices, attaching a due and proper importance to
the altered value of the raw material, have not changed
more, probably, than they ought to have done, and even
in the declension intimated by our quotations no great
or unexpected change has taken place. The greatest
decline in both yarns and goods has happened during
the last fourteen days, as will have been observed. As-
suming the prices of everything of a staple character to
have been higher on the 31st January than they were
on the 31st December in last year, there is really nothing
—independently of political or other causes—calculated
to cause much real reason for alarm at the present, iu
that respect, amongst producers. We take the highest
point, as indicated by date of 31st January, and notice
—including, of course, that within the last fourteen
days—that the decline, for example, upon
low printers, up to 31h 6oz
„ 26in 66 ditto, up to 41) Boz
27iii 66 ditto, up to 4.b.100z 44d to 61 „

271 n 72'4 ditto. ill, to 511) 4oz 6l to 741 „
361 u 60, 64, 66, and 72 reels Cid to 6d „
32in and 36in I.llAdapo lams
40iu gild end shirtings, weighing
fratu 51b 4oz to 131 it .kiz
36in shirting's' 60. 66. and 72 reeds 411 to 7141 „
451 n ditto, in 60, 66, :and 72 reeds
40in j iceonets, 20 yards
„ eambrie4. 12 yards
36in 40 and 50in twills

30in awl 32in T cloths lid to-3ciper-piece.

36in and 40in long cloths
36in to 43in tangibs
Domestics, in ail qualities
Yarns generally, in the bundle, both
in water and in mule

Twist and pin cop may be considered nominally !,d to
id per lb, including warps.
"These being a few of our niost-prominent staples, we
adopt them in the way of eluCidation. There is, how-
ever, increasing irregularity in prices ; and the absence
of extensive or nu derate operations disqualifies us from
giving more certain quotatiOni."
The ship, Northumberland, from Melbourne,
brings 30,404 ounces of gold; and the Brilliant,
from Geelong, 15,090 ounces.
The steamer Alps, from New York, has arrived.
She brings 99,928 dollars.

The remainder of the Overland and Australian
Mail has been delivered this morning.
At the northern circuit, at Liverpool, on the
Ist inst., the question of the legality of time bar-
gains was again tried, Judge Ccesswell presiding.
This was an action to recover a sum of 591., as the
balance of an account claimed by Halsal, a share
broker, from Ainslie, of Fort William. Various
settlements of similar accounts in favour of the de-
fendant had occurred, but the defence now set up,
when the balance was on the other side, was that
the transactions were speculations, and wagers on
the price of shares, and that no real transactions
for the purchase of shares was intended, the dealing
being arranged between the parties to be for " dif-
ferences " only. The jury found a verdict for the
plaintiff for the amount claimed.
There was a higher range of prices for English
Stocks upon the commencement of business this
morning, but a reaction occurred momentarily, and
Consols which had fallen at 80. / being after-
wards 864 4. They are now again about 86g- The
money price is more in accordance with that for
account than it has been, showing less pressure of
dales. Exchequer-bills have been at 2s. premium,
and India Bonds at 7s. to 12s. discount. The
New 5 per Cent. Annuities have again been dealt
in at 1134.
There has been a quieter-market for Foreign
Securities, but pricei generally keep up. Russian
Five per Cents. have been done at 89 to 90.
Dutch Two-and-a-Half per Cents. have touched
54/. Brazilian Old' Pive Ctints. have been at
90/ to 91 ex-dividend. Mexican Stock has realised
234, being rather duller. Spanish Deferred Bonds
have been at 17, and Portuguese Four per Cents.
at 35.

The English Railway Market is steady this
mm ping, and some of the favourite lines have ad-
vanced in price. There is a rise in Great Northern
of about 10s. Great Western, Brighton, Midland,
and Caledonian' have improved to nearly a similar
extent. South Eastern are rather depressed.
French Shares have been very little dealt iu.

The Mining Market is inactive, and there is very
little doing in the banks. The Land Companies'
aro comparatively steady.

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

Ittiginivw

3 per Cent Consols Anruities B6igiii
New 5 per Cent. Annuities ll3l
t ndia Bonds, £l.OOO ....... ...........
Ditto, under £lOOO l5 5 d
Consols for Account 18th April B6iii3i
Exchequer Bills, 2d.
£l000
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Brazilian Bonds, 5 per Cent. 9Ol 1 x d
'do:lean 3 per Cent.
Peruvian Bonds 43 per Cent. 5l
Portuguese Bonds, 4 per Cent. 35
Russian Bonds, 1822, 5 per Cent. £ St B9 90
Spanish New Deferred, 3 per Cent. l7
Dividends on the above payable in London. •
Dliteb !change, 23 per Cont. 12 Cul,— 541 3
Dian 4 Per Cent. Certificates .......- B2 i xd
.174LF-Pdsr TWO.

Consols
Ditto

LATEST FOREIGN NEWS.

THE WAR IN THE EAST.

The following communication, dated yesterday
evening, is from the Times correspondent in the
Austrian capital :
" In the Dobrudscha all the fortified places, with
the exception, perhaps, of Tultscha, are in the
hands of the Russians, who are razing them to the
ground. There are rumours of treachery on the
part of the Turkish commanders of the different
fortresses.

" The Turks have been repelled from every part
of the left bank of the Danube, except Kalafat.

"By advices frOm Odessa of the 25th it is stated
from an excellent source that there is not a ship of
war in Sebastopol, and that it is believed some-
thing is meditated by the Russians against Varna.
" The excited state of public feeling at Constan-
tinople is extremely disquieting to the Government.

" It was said at Odessa that the fleets could not
venture to leave the Bosphorus until the arrival of
the auxiliary army.
" Since the dismissal of the Sheik-ul-Islam the
old Turkish party have been intriguing for the ad-
vancement of Russian interests.
" Austria has demanded from Russia that her
subjects in the Principalities shall not be compelled
to take the Russian paper money."
A telegraphic despatch from Berlin says :
" Prince George of Mecklenburg Strelitz arrived
here yesterday, the bearer of a letter from the Em-
peror of Russia to the King of Prussia, in answer
to the mission of General Lindheim.
" Its tenour is as follows :—When the Western
Powers succeed in securiugthe emancipation of the
Christians in Turkey by treaty, the Czar will be
willing to evacuate the Principalities simultaneously
with the evacuation of the Euxine by the combined
fleets.

" Yesterday the fleet was at anchor off Kjoge."

Another telegraphic despatch from Berlin, dated
March 31, says :—" Prince Charles of Prussia is
appointed General in-Chief of the Artillery; and
Prince Albert is named Admiral, at the earnest re-
quest of the Rissian Ambassador. The Govern-
ment has authorised the transport toßussia of 1,600
cases of muskets-.which had been seized at Brom-
berg. It is considered probable that there will be
one more sitting of the Conference of Vienna, at
which the Plenipotentiaries cf Austria and Prussia
will come under a formal engagement as to the
course of those two Powers on the Eastern ques-
tion."

The Universal German Gazette, under date of
Vienna 29th ult., says :—" The important news
has just been received that the Austrian troops on
the frontier of Hungary have thrown a bridge over
the Danube, near Belgrade. This measure may he
considered as the prelude to an active inter vention.
A division of the army has taken up a position in
Esclavonia. The fortresses of Brod and Grodiza
situated on the frontier are abundantly supplied
with everything necessary as well as that of Essegg,
on the second line. Eight military hospitals are
ready.
From another Vienna letter we learn that the
transport of troops to the south has been resumed,
and the 10th infantry corps, with the Ist cavalry
corps, have been placed on a war footing. The
army of the south has 124 s:ege guns and many
mortars for throwing shells of 120 lbs. The five
steam-tugs on the lower Danube have been armed,
and now cruise between Semlin and Orsova.
Notwithstanding the many rumours in circula-
tion to the contrary, there is reason to believe (says
the Paris correspondent of the Morning Chronicle)
that Austria still persists in her determination to
maintain neutrality—a neutrality so favourable to
the cause of Russia, that the Emperor Nicholas has
intimated that it is 411, he_asks or could expect.
Even the semblance of opposition to the ambition
of the Czar, which she manifested some time ago, is
now too much for Jier. I understand that within
the last few days, when the Austrian Minister was
reminded by the representatives of England and
France of his declaration that the Austrian Govern-
ment would consider the passage of the Danube by
the Russians as a cams belli, the answer of the
Count de Baol-Schaizenstein was, that the casus
belli which he contemplated was an offensive move-
ment on the part of Russia, in the shape of the
passage of the Danube, for the purpose of sub-
duing the Ottoman empire, and before the decla-
ration of war by France and England against Rus-
sia ; but now that war had. been commenced be-
tween Russia on the one side, and the Allied
Powers on the other, the Vienna Cabinet had no
intention of interfering between the belligerent
Powers, so as to interrupt the military operations
of the Russian army ; and he added that Austria
would continue to maintain this attitude until the
day when the interests -of Germany might be con-
sidered in danger. The Austrian army, it is con-
fidently stated, will decidedly occupy Servia, and
that immediately.
We learn that the Russian General Dahn, of the
Engineers, has been appointed commandant in
chief of Sebastopol, and of all troops in that town
and neighbourhood.
According to acceunts. from St. Petersburg of
the 17th, a second levy for 1854 is expected to take
place in August next, when one man out of every
hundred will be taken. These men will be imme-
diately incorporated in the different regiments.
The reserves and The derni-invalides of the Cossacks
of the Don (about 80,000 in number) will also take
the field.

The Correspondence of Berlin, of the 30th ult.,
says :—" Last night 150 seamen belonging to the
Russian ship of the line Navarino, just disarmed
at Flushing, arrived here with their officers. They
were received by order of the King at the railway
station at Potsdam, and each sub-officer had paid
to him one ducat and each sailor a thaler. They
immediately afterwards continued their juurney to
Stettin."

In the sitting of the Germanic Diet on the 30th
ult. a despatch from the Minister of Foreign
Affairs was communicated, in which the Diet was
informed that the coasting trale will be thrown
open in England, with an invitation to it to adopt
a similar measure. The Russian Minister com-
municated officially to the Assembly the news of
the birth of a Princess, daughter of the Grand
Duke Constantine.