The Sun.
London, England, 1854-05-15 00:00:00

THE SUN, LONDON, MONDAY EVENING, MAY 15, 1854.

MONEY MARKET

AND
COMMERCIAL .lINTELLIGENCE.

From New York we learn that stocks were dull,
freights heavy, and breadstuffs tending upwards.
The last weekly return of the city banks showed a
decrease in loans, but an augmentation in the de-
posits, circulation, and specie. From the 22d to
the 29th ult. the shipments of specie were 541,588
dols., making a total for the year up to that period
of 7,366,061 dols. The navigation of the State
canals had reopened.
Accounts from Australia state that the import
markets up to the 15th of February were still
overstocked, and business was dull owing to large
recent arrivals. The steamer Australian left early
in February with 78,907 oz. of gold on board, and
the ship South Sea with 5,500 oz. The discovery
of new " Biggins" is confirmed.
The continental advices are of rather a favour-
able character, considering the war. Great buoy-
ancy exists at Paris, more especially where money
is quite easy compared with London, and stocks
and shares are still in the ascendant. From Hol-
land we are advised that the English and French
Governments have refused the application to allow
neutral vessels loaded before the war broke out to
leave Russian ports in the Baltic with special ex-
emption. Ample time, it is said, has been given,
and due notice of a blockade is usually afforded to
allow merchant ships to escape.
The railway meetings announced are the fol-
lowing :

Company. Date. Place, Scc.
Cork and Bandon May 24, 17, Gracecharch-st.
Kilken. and Gt. S. and W. Ire May 29, 17, Gracechurch-st.
Killarney Junction May 31, Dublin.
Leeds Northern May 27, Leeds.
Londonderry and Coleraine May 23, Coleman-st.-build*
Northern of France
Royal Swedish
South Devon May 23, Plymouth.
Southern of France
Stirling and Dunfermline June 1, Glasgow.
Victor Emanuel (Sardinian) May 23, Paris.
Waterford and Kilkenny May 31, London Tavern.
The English Stock Market is much firmer, and
with an increased business ; prices have advanced.
Consols have been 88;1 to fi for transfer and ac-
count. The New 3f per Cents. have been 88g to
also, and the 3 per Cents. 87g to -a. Bank Stock
is quiet at 202 to 205. The Unfunded Debt is at
2s. discount to is. premium, and India Bonds at
7s. discount. The New 2A per Cents. have been
dealt in at 751.
- -

Foreign seourities have been more dealt in, and
there is a rise in several of them. Russian 5 per
Cents, have been up to 95 and 96. Dutch 4 per
Cents. are quoted 88. French Threes realise 68 75.
Mexican Bonds have been 24} to 241, and Peru-
vian 0- per Cents, have touched 62 ; the Deferred
are at 44. Brazilian Bonds have been marked
951. Spanish 3 per Cents. are worth 38, and the
3 per Cents. 18k to 4. Sardinian Stock is at 81.
The Railway market is up about to with
more activity in the principal English lines. The
settlement of the account is in progress, and being
Bearish, the market is favourably affected, as the
speculators are compelled to buy back or carry
over. The French lines are 11. higher, and the
Lyons 11..10s._better.

The Joint Stock Bank shares have been quiet.
The Australian Land Company is higher, and also
Crystal Palace. The Gold Mines are without
change.

BRITISH FUNDS THIS DAY.—CLOSING PRICES.
( From the Official List.)

usinus done.
Cank Stock , ... 202 5
per Cent. £edueed Annuities
3 per Cent. Conlois Annuities B3l g
New 31 per Cent. Annuities BBl g g
New 21 per Cent. Annuities ... 75
India Stock ..„ 233
India Bonds, £lOOO ....... .....
Ditto, under £lOOO 7 d
Consols for Account (th June
Exchequer Bills, 2d.
£l000
Small 2p 2 d
Exchequer Bonds Scrip
PRICE OF FOREIGN FUNDS THIS DAY.
nrazilian Bonds, 5 per Cent. 97
New Braizila,nßonds, 1829 & 39, 5 per Gent. 95§,
Greek Bonds, Red ...
Ditto, Blue
Mexican 3 per Cent.
Ditto for the Account
....... 243 a
Peruvian Binds, 43 per Cent
Ditto for the Account 603 2 1
Peruvian 3 per Cent.
Ditto for the Account 44
Russian Bonds, 1822, 5 per Cent. XSt 913 5
Sardinian Bonds, 5 per Cent... .. .
Spanish Bonds, 3 per Cent 3B 7i
Spanish New Deferred, 3 per Cent.. lB}
Ditto for the Account
Ditto Passive (Converted)
Swedish 4 per Cent........ .....
Venezuela Bonds, 33 per Cent. ....r, 223
Dividends on the shove payable in London.
French Routes, 3 per Cent.co 68f.75c. 67f.50e. Ea. 24f.90c,
Dutch Exchange, 26 per Cent. 12 Gull —
Ditto 4 per Cent. Certificates .....
THREE O'CLOCK.
88a 3
883

5

Consols ,
Ditto Juno A ccount

COURT OF BANKRUPTCY.-(THIS DAY.

(Before Mr. Commissioner Goulburn.)
IN RE ROSENBORG.

This bankrupt had carried on business in Rotherhithe,
and was connected with a patent cooperage company,
and several patents had been taken out for foreign coun-
tries, and were estimated to have been worth a consider-
able amount. To-day was appointed for the last exami-
nation, which had been adjourned in consequence of the
intricate and voluminous nature of the accounts.
The case, which involves some question of great pub-
lic interest, was then adjourned for six weeks.

THE CABLE FOR THE MEDITERRANEAN ELECTRIC
TELEGRAPH.—The first portion of the great Mediter-
ranean cable, the largest ever made, and in point of
circumference, also the largest at present existing, is
just completed, and ready for shipment. The screw
steamer Persian, destined to carry it, will receive her
singular cargo the moment she arrives from Alexandria,
and the subterranean works on the Islands of Corsica,
&c., will be ready to be connected to the cable on its
being laid down. The cable is about 110 miles in length,
and weighs somewhere about 800 tons. It contains 6
copper wires, or conductors, for the fluid to traverse, pro-
tected by a gutta, percha covering, secured in a hempen
rope, and finally surrounded with 12 iron wires of number
one guago. The proprietor and originator, Mr. John Wat-
kinsßrett, profiting by experience, has allowed 20 miles
for what is techninally termed " slack " and " way," and
for depths of the ocean, As now coiled in the yard, the
oable occupies about 75 feet ; taking its convex sides.
The perpendicular height of the coil is about 5 feet, and
the width of one side of the coil, from convex to concave,
reaches 24 feet. The moment it is laid, London will be
in immediate communication with Cagliari, through the
cable and about 400 miles of subterranean wire. Ex-
tensiems to Malta, Turkey, &c., would give us news
from the seat of war in an incredibly short space of time,
and might, in the matter of rapidity of proceedings,
speedy communications of orders, knowledge of want',
&c., be of essential service to the country. The still
more rapid publication of intelligence would also tend
to diminish the national anxiety, and enable the preys of
this country to protect the mind of Northern Europe from
the agitations wrought by the journals of St. Petersburg.

CITY, TWO o'CLOCK.
The sales of cotton at Liverpool on Saturday
were estimated at 5,000 bales, including 500 Ame-
rican taken for export. The market was tame, but
steady at previous rates. The sales comprised
4,500 American, 50 Pernam and Maranham at 60.
to 71d., 50 Bahia at fild. to 61d., 100 Egyptian at
fild. to 9d., and 300 Surat at 3d. to 4d. per lb.
Railway shares were firm.
Referring to the condition of the dried fruit trade
at Liverpool, Messrs. Houghton and Levy remark
of currants as follows :
"The deliveries in bond have rather fallen off, being
only 35 tons, against 50 in March. In 1851 fruit a large
business has been done, principally on London account,
at an advance of Os. to 7s. per cwt. ; there is now but
little offering, except at extreme rates, and 100 s. has
been paid for an export order. The demand for 1852
and '53 fruit has likewise improved, and for better de-
scriptions holders are obtaining higher rates, and have
less disposition to sell ; the lower qualities have also met
with more attention, and sales have been male at 20s.
to 255. per cwt. for fruit in a perishable state. This
general reaction, which has during the past week gradu-
ally manifested itself, is not the result of any speculation,
but has entirely arisen from an improved consumptive
demand, which has, in a great measure, proceeded from
the termination of the strikes in the principal manufac-
turing districts, and also a general reduction in the prices
of all the necessaries of life. The arrivals are inconsider-
able, say 226 small packages ; and although our stock
of new fruit is heavier than at the same period last year,
we cannot look for any further augmentation this sea-
son; the small quantity remaining unshipped being very
low, a better market for distillation can be found on the
spot. Our dealers are almost without supplies, and,
should we nave a continuance of the present demand,
shall, no doubt, experience a further enhancement in
the value of all descriptions, especially if the news from
abroad continues of the same disastrous nature respect-
ing the forthcoming crop as we have to this time .re-
ceived."
The General Weekly Shipping List quotes freights
for fine measurement goods, per ton of 40 feet, as
follows :
Australia— s. Australia— s.
Adelaide Bos to 90 Melbourne or Gee-
Hobart Town Bos to 90 long Bos to 90
Launceston.. B5 New Zealand 9os to 120
Melbourne or Geelong Portl.l 8ay...110s to 120
Wharves 100 s to 110 Swan River 80s to 90
Sydney 80s to 90
The wheat trade has ruled steady to-clay, at an
advance of from ls. to 2s. per quarter. Spring
corn was firm, at full prices.
An electric message has reached us from Liver-
pool, stating that flour has advanced there is. per
barrel.

LATEST FOREIGN NEWS.

THE WAR.
AUSTRIAN ULTIMATUM.

A telegraphic despatch has been received in Paris
from Berlin, dated the 12th instant, which brings
the assurance that Austria has addressed a new
note to the Russian Government, in which it calls
upon the Czar to evacuate the principalities, and
intimates that a refusal may be considered in the
light of a cants belli. The despatch, like almost all
the ' news received by telegraph, is by no means
clear, and it is probable that the future explana-
tions which we shall probably receive in the course
of a day or two, will considerably modify the im-
portance, or at least the bearings, of this intelli-
gence. For the present, however, it has given great
confidence at Paris to the partisans of peace, who
think that the declaration of Austria must at once
force the Emperor Nicholas to accept reasonable
terms, or will at all events make the war a short
one.

at once proceed to join the Baltic fleets, and with
their united and tremendous force repeat what had
been done in the Euxine,

THE DANUBE.

The Gw:ette of Cronstadt, in Transylvania, re-
lates the following incident of the siege of Silis-
tria

"The Russian artillery established on the left bank
of the Danube were keeping up a brisk fire in the
place, when the Turks had recourse to an ingenious
stratagem. While the Russians were showering their
balls against the fortress, the Turks collected in dif-
ferent points a quantity of wood and straw ; and the
Russians continuing their fire, in the evening the Turks
set fire to these combustibles, and it was thought that
the place was in flames. The Russians set up a shout of
joy, and thought the moment favourable for crossing
the river, and making a general assault on the place.
The Turks, however, had placed a body of men in the
adjoining vineyards, who allowed the Russians to ap-
proach within a certain distance, and then opened a
destructive fire on them. A sharp conflict took place,
which ended in the retreat of the Russians."
The Wanderer of Vienna of the 9th states that
Prince Gortseliakoff has caused immense supplies
of flour to be conveyed from Moldavia and Wal.
lachia towards Silistria and Galatz.

The Post Gazette of Frankfort has the following,
dated :Bucharest the 2d :

"Events in the Dobrudscha are enveloped in profound
mystery. It appears that on neither side has an impor-
tant success been obtained. It is certain, however, th.t
on the 29th ult, a great battle took place between
Rassowa and Silistria, and we can give you some in-
teresting details on the subject. The Russian forces,
75,000 strong, formed in this sanguinary affair three
columns. The right wing was commanded by General
Kotzebue, the centre by General Luders, and the left by
General Utscbakoff, The Turks, 70,000 men. Omer
Paella commanded the centre, which Luders attacked
with all his force, but without success. After mid-day,
however, Omer Pacha retired with his corps, and
Luders hotly pursued him. In the meantime the
left and the right wings of the Russians were attacked by
the Turks, and Omer Pacha with his reserve fell on Gen.
Luders, and forced him to retreat—an operation which
lie did not effect without disorder. Although very san-
guinary, this battle produced no definitive results for
either party. Both maintained their positions, and the
losses, which are enormous, are equal on both sides. A
letter from Braila estimates that the number of Turks
and Russians slain was 6,000. A large number of
wounded Russians was conveyed by water to Braila,
where the barracks of infantry and cavalry are full, and
where several hoyards' houses have been transformed in-
to hospitals. The Turks did not again disquiet the army
of Luders. It is still in its position, near Trojan's Wall.
I is, howev,e, surrounded on three sides, and has not
yet dared to attack the enemy in their entrenchments."

Wonderful as the following narrative is, the
LWoniteur pledges its belief that it is authentic :

" We have received some information relative to the
passage of the Danube and the capture of Toultcha by
the Russians, which we have reason to believe to be
authentic, and which completes the accounts already
published. On the 23d March, at daybreak, two
Russian steamers, 16 gun-boats, and a battery on the
shore, in all 70 pieces of artillery, attacked the
Turkish battery of nine guns situated opposite Ismail.
The cannonade lasted until 10 o'clock. At noon the
Russians passed the Danube in several boats under
the fire of the batteries, and landed 900 men on the
opposite bank. The passage being covered by this
force, the bridge was hastily thrown over, and all the
division of General Uchakoff, composed of 16,000 men,
including two regiments of cavalry, crossed the Danube.
The force which the Turks had to oppose to the Rus-
sians was only 1,200 regular infantry, 800 bashi ba-
zouks, 400 Tartars, a squadron of cavalry, and four field
pieces. The Russians were received by a well-supported
fire from the infantry, which lasted until a late hour in the
night, and caused great ravages in the►r ranks. Although
they were about five to one they could not gain posses-
sion of the entrenchments from behind which the Turks
made such heroic resistance ; and it was only at mid-
night-, when the 1,200 regulars were reduced to 160,
and of those 90 at least were severely wounded, that
the enemy was able to carry the position by assault.
The 90 wounded were made prisoners and sent to
Ismail. The loss of the Turks was 1,200 killed and
wounded, and 115 prisoners. The Russians had 4,000
put /tors de combat, of whom 70 were officers. The
Russian army was so discouraged by the enormous loss
which it had experienced in this affair that it was not
until 3 o'clock in the afternoon of the following day that
it entered Toultcha. General Uchakoff had encamped
his troops outside the town, but he was obliged to send
three battalions to keep in order the Greek volunteers
in his army, who began to commit the greatest atro-
cities. These scruples of the general did not, however,
prevent him from giving the town up to pillage for two
days by his own soldiers. The loss of the Greek, Aus-
trian, and English merchants is very considerable."