The Sun.
London, England, 1854-04-17 00:00:00

THE SUN, LONDON, MONDAY EVENING, APRIL 17, 1854

recruits, who will willingly enlist under the standard
of " monetary reform." We repeat the pertinent
interrogatory put forward by our new coadjutor—
" Why should Government make a present to any
corporation of the profits derived from the issue of
twenty or thirty millions of paper money when it
would be just as easy to appropriate the sum thus
created to its own use, and thus to cancel, by a
stroke of the pen, something like a million
a year from the charge of the national debt ?"
We pause for a reply. We know not, indeed,
how any answer can be returned showing that
the maintenance of these exclusive privileges are
consistent with the interests of the community,
or justifying the wanton and heedless waste
of a million sterling per annum ! The Times
has shown us the impropriety. It has
also pointed out that the privileges and
monopolies may, after August, 1855, be abolished
after twelve months' notice. Let the people then
be up and doing, and, without leaving the matter
in the hands of GLADSTONE or his organ, take
advantage of the valuable admissions that have
been made. Let them avail themselves of the
potent weapons with which they have been armed,
and triumphant success must eventually reward
their exertions.

MONEY MA RKE T

AND

COMMERCIAL INTELLIGENCE,

CITY, QUARTER TO THREE O'CLOCK.
There was no cotton market held at Liverpool
on Saturday.
The steamer, with the Pacific and West India
advices, brings about 500,000 dollars in specie.

The letters announce a dividend at the rate of
6 per cent. for the half-year ending Dec. 31, 1853,
as having been declared by the Bank of Jamaica.
From most of the islands the accounts of the crops
were cheering. At Barbadoes freight on sugar was
advanced from 3s. to 3s. 6d. per cent. In British
Guiana trade was generally dull. Freights were
high.

The Russian prizes made in the Baltic by our
fleet are supposed to have beeti merchant ships,
possibly neutrals, laden with lead, sulphur, and
other munitions of war.

The following is part of a communication respect-
ing commercial affairs in the Black Sea :
" Galatz, 3cl April.
"The master of the Stranger arrived at Ibraila on the
Ist April, and reports his vessel is detained by the Rus-
sian gun-boats, which do not allow him to proceed with-
out an order from Prince Gortschakoff or General
Luders. Letters have been addressed to them on the
subject, meanwhile the Russian Consul has given a
letter to the commander of the gun-boats to allow the
Stranger to pass. Should the order not prove sufficient,
the master is recommended to remain by his vessel, and
the more formal order will be sent him as soon as ob-
tained.

"Four Dutch vessels with cargoes are detained at the
same place."

The railway meetings announced are the fol-

lowing :

Company. Date. Place, &c.
Central of Switzerland......... April 27, Basle.
Demerara .... . April 28, London Tavern.
Eastern of France ......... April 26, Paris.
Great India Peninsula......... April 28, 3, New Broad-st.
Great Luxembourg
Do. Do.
London, Brighton, and South April 20, Bridge House
Coast.
Lyons and Geneva
Northern of France
Paris, Caen and Cherbolrg April 29, Paris.
Paris and I:yons
Southern of France .

There is less freight offering for Australia, and a
decline has occurred in coal freights to the Mediter-
ranean. The current rates to Australia are 80s. to
100 s., according to the port. To Alexandria, 30s.
is the charge ; to Ancona, 60s. ; Constantinople,
40s. ; Naples, 40s. ; and Calcutta, 50s. These are
the rates as given in the General Weekly Shipping
List.

There has been no particular change in the Stock
Market, and the amount of business doing is small,
chiefly for Transfer. Consols have been sm to
871 for Money, and 87i / for Account. The New
31 per Cents. have been at 87i to 87L and the 3
per Cents. Mg- to 7;. Bank Stock has been steady
at 214. Exchequer Bills have been at par to 4s.
premium, and East India Bonds 2s. premium.
Foreign securities have been quite neglected.
Peruvian Bonds have been steady at 61, and Vene-
zuela, have been at an advance to 24. Dutch stock
and the other Northern bonds have been merely
nominal.

In the Railwai Share Market the transactions
have been very Enited, but prices keep up. The
lines principally dealt in are the Caledonian, Lan-
cashire and Yorkshire, North Western, and Mid-
land. French shares are nominal, and Belgian
rather flat.

In the Mining Share Market there is an absence
of business. Santiago and Cuba are lower. The
Joint Stock Bank Shares are rather firmer, and
Australasia have been up to 54. Miscellaneous
shares are quiet.

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

Bust nogg done.
Bank Stock

FoiIEIGN NEWS.

per Cent. Reduced Annuities . 86
3 per Cent. Consols Annuities B7i g i.
New 3f per Cent. Annuities B7iii i i
India Stock
India Bonds, £lOOO ..... ..,.......
Ditto, under £lOOO 2 p
Bank Stock for Account 215
Consols for Account 18th April B7l B I
Exchequer Bills, 2d.
£IOOO
Small 4 P Par
I Z PRICE OF FOREIGN FUNDS THIS DAY.
Mexican 3 per Cent.
Peruvian Bonds, 4i per Cent. 6l
Russian Bonds, 1822, 5 per Cent. £ St 92
Ditto 4i per Cent BOl 80
Venezuela Bonds, 3i per Ceat. 24
Dividends on the above payable in London.
THREE O'CLOCK.

THE WAR.
AUSTRIA AND PRUSSIA.

Consols 874 ;4
Ditto April Account B7

THE BRAZILS.

VIENNA, Sunday, April 16.—The state of siege
will be raised in Hungary, the Servian Woywodate,
the Banat, Galicia, Cracow, and Bukowina, after
the Ist May. This is official.
It is rumoured in well-informed quarters that
Austria proposes to Prussia to consider the passage
of the Danube a caucus belli.

The Royal Mail Company's steam-ship Severn,
Lieutenant P. Hast, R.N., commander, with the
usual Brazilian and River Plate mails, in charge
of Lieutenant Charlton, R.N., arrived at South-
ampton yesterday morning at twelve o'clock.
The Severn during the voyage homewards ex-
perienced from Rio Janeiro to St. Vincent, Cape
de Verds, strong north-east winds. The news by
this arrival is of little importance ; the Stromboli,
which arrived at Portsmouth on Friday, having
left Rio Janeiro only five days previous to the de-
parture of the Severn.
The Severn brings mails from the following
places with their respective dates affixed :—Buenos
Ayres 4th March, Monte Video 6th, Rio de Janeiro
17th, Bahia 22d, Pernambuco 25th, St. Vincent
4th April, Teneriffe Bth, Madeira 9th, Lisbon 12th.
The Severn landed 120 passengers at Lisbon and
87 at Southampton.
The Severn brings specie to the amount of
4,3001. on freight, as also diamonds value 5,4001.,
37 bales of cochineal, 519 chests oranges, 50 bar-
rels tapioca, and 120 packages sundries.
The latest dates from Buenos Ayres are to the
4th March. Everything was quiet, and the in-
habitants seemed confident in the continuance of
peace. Exchange was 655. to 655. 6d. per ounce.
From Monte Video we have dates to the 7th. In
the town and province everything was tranquil. A
Brazilian force was expected either to have passed
or to pass the frontier soon, as a guarantee of peace
and a support to the present Government. Most
of the inhabitants, both native and foreign, felt
great
this step, as tending to create
confi securitydenceto in a
greater extent in the present ad-
ministration of affairs. Exchange, 41 pence to the
current dollar.

At Pernambuco business of the past month has
been far from satisfactory. Of imports, sales have
been of a fair character so far as regards articles of
daily consumption, which are commanding high
prices, but for dry goods the inquiry is very, limited
and but few manufactures will command saving
rates. But little has been done in exports for
European account. Sugars during the month have
again advanced about 10 per cent., almost pre-
cluding operations within the limits of the order
held here, and which again has tended to a groat
reduction in freights, which are to-day nominal at
55 to 60, and 5 per cent. for sugars to the Channel
for orders, and not obtainable. About 70,000/.
have been passed in exchange principally at 280.,
but according to time of payment the rate has
ranged from 27hd. to 28d. Great tightness ex-
ists in our money market, more so than has been
experienced for a long period. Such is the scarcity
of money that paper of the highest class can scarcely
be discounted under 15 to 18 per cent. per annum ;
indeed, such is the existing crisis that, the question
is to obtain the money rather than consider the
rate of discount to be submitted to. This state of
our currency market is being seriously felt by
every branch of trade, and, unless relief is shortly
experienced, will materially suspend transactions
of every kind.
At Rio business in discounts was very limited,
and rates unaltered. Exchange flat, at 271 d.
Specie market dull and flat.
Her Majesty's ships at Lisbon—Feb. 13, Admi-
ral Corry's
squadron, French steamer of war, and
usual Portuguese squadron.
In Funchal Roads—Feb. 17, her Majesty's ship
Saracen.

At Tenerifle—Feb. 18, French transport from
Isle of France.
At St. Vincent.—Feb. 22, United States ship
Constitution, 50, and United States sloop Dale, 14.
United States sloop Dale sailed at noon.
At Bahia.--March 5, her Majesty's ship Trident.
At Rio.—March 9, her Majesty's ships Portland,
Centaur, Madagascar, Star, and Rifleman, 10th,
sailed, her Majesty's ship Portland. 12th, arrived
and sailed, her Majesty's ship Stromboli ; arrived,
Royal Mail steamer Camilla, from River Plate.
14th, sailed, her Majesty's ship Centaur, for Eng-
land. 15th, sailed, Royal Mail steamer Camilla,
for River Plate. 17th, sailed, her Majesty's ship
Star, in tow of Royal Mail steamer Severn.
Ships observed or spoken with.—Feb. 12, passed
a large steamer, supposed to be the Royal Mail
steamer Thames, at 1.54 a.m. ; at 11.30 p.m.
passed and exchanged night signals with a large
steamer, steering northerly. Feb. 14, passed an
English screw-steamer off the Tagus, steering for
Lisbon.