The Sun.
London, England, 1854-03-24 00:00:00

REPRESENTATION OF LISKEARD.

In anticipation of a vacancy in the representation of the
borough by the appointment of Mr. Crowder to the vacant
judgeship, Mr. John Abel Smith, M.P. for ( thichester, visited
Liskeard, yesterday week, with letters of introduction to Mr
John Allen, an influential gentleman in the borough, for the
purpose of bringing before the constituency the name of his
son-in-law Mr. R. W. Grey, late mem ,er for Tynemouth, and
at present private secretary to Lord Palmerston. A meeting
of the Liberal electors was held at the Red Lion, at seven
o'clock on Tuesday evening, to consider upon the choice of a
Liberal candidate. There were about 70 of the electors pre-
sent, and Mr. Jones, a magistrate, presided. The proceedings
commenced by Mr. Alen reading the letters of introduction
which Mr. Smith had brought to him. They wore generally
more of a private than a political character. One of the let-
ters was from Sir. Wm. Molesworth, who shortly said that
Mr. Grey was connected with the Government, and being a
friend of the late Mr. Charles Buller, he thought he was a
very eligible person to offer to the notice of the constituency.
It was stated that Mr. Sainsbury Trelawny might offer himself.
lett.). was ,vad fL ow Mr. Carpenter Rowe,'.4 (2., and tho
I Recorder of Plymouth, who wished to place his name before
the constituents as a candidate.

A letter was also read from Mr. Cape Whitehurst, recently
a candidate for Bodmin. The letter referred for a statement
of his political views to a series of letters under the signa-
ture of " East Anglian," in the West Briton.
_ _

Mr. GREY was introduced to the meeting by Mr. Allen. He
stated that he had been five years private secretary to Lord
John Russell, and that their late respected member, 311..
Charles Buller, was his very particular friend,—in fact, that
he succeeded him, or acted for him, in Cana la. He had re-
presented Tynemouth from 1848 to the general election in
1852, when he was defeated by his opponent, and since then
had acted as private secretary to Lord Palmerston. Ho re-
garded Lord John Russell as his model of a statesman, and
Lord John Russell's political views were his.
One of the electors asked him if he would support the pre-
sent Reform Bill.

Mr. GREY said he could not pledge himself to support that
bill, as he disagreed with the minority clause, and he con-
sidered that the present time was very inexpedient for press-
ing forwar•l that measure, believing that people's minds were
distracted with the war. He also said his votes had been
against the ballot; but at the general election in 1852 he
had seen so much intimidation exercised towards electors at
his late borough, that his opinions as to the ballot had under-
gone a change, and he should be in favour of some more secret
mode of voting, without pledging himself that it should be
the ballot. He would support all the measures of Lord John
Russell on education. He would support Lord John Russell's
views. He was in favour of the entire abolition of church-
rates. He was a churchman, and considered that the Church
could very well afford to support itself.
On Wednesday afternoon, Mr. Trelawny, who for nine years
sat as one of the representatives of Tavistock, went down to
Liskeard, accompanied by Mr. Bernard Anstis, and most pro-
bably met the committee, who were to assemble again in the
evening. The men of Liskeard seem likely to have no paucity
of really good candidates, and we have no doubt they will, as
hitherto, do their duty.—Plymouth and Devonport Journal

MONEY MARKET

AND

COMMERCIAL INTELLIGENCE.

CITY, TWO O'CLOCK.

The sales of cotton at Liverpool yesterday were
estimated at 5,000 bales, all to the trade. The
market closed heavily, with American and Surat
id. per lb. lower, and all other kinds in favour of
buyers. The sales comprised 4,000 American, 260
Pernam and Maranham at 6d. to 60., 130 Bahia
at 60. to 61d., 100 Egyptian at SW. to 9W., and
600 Surat at 3d. to 4d. per lb. Railway Shares
were very depressed.
Colonial Produce has been dull and declining.
Foreign sugars have been wanted for the Continent.
In coffee very little has been done, and rice has
given way. Rum was heavy, but a Government
contract for 40,000 gallons has unexpectedly been
announced. Tea has been cheaper, notwithstand-
ing the time for further reducing the duty is near.
Tallow has been as high as 665. 6d. for P. Y. C. on
the spot. Russian hemp has risen to 681. and 701.
Cotton has been steady, though quiet.
In the simultaneous arrival at Calcutta of Dr.
O'Shaughnessy and Mr. R. M. Stephenson, we
have a good augury for electric telegraphs and
railways. Dr. O'Shaughnessy, who leaves Calcutta
immediately for the north-west, will find the work
far advanced already. Poles for the electric tele-
graph have sprung up as if by magi() along the
greater length of the Grand Trunk Road, and we
'ear that very great progress has been made on
the Bombay line, so that the end of the cold season
will see at least two sides of Dr. O'Shaughnessy's
great triangle very nearly completed. In the
meanwhile we learn that Dr. Impey, the Residency
Surgeon at Indore, has completed a telegraph be-
tween the Residency and the Hospital, a distance
of little more than a mile ; while Madras has for
some time past had a short working telegraph con-
structed by an intelligent and enterprising trades-
men named Kenrick. We have received a descrip-
tion of Dr. Impey's telegraph. Its mechanism dis-
plays no little ingenuity ; and although it is not
likely that it will be ever incorporated in the Great
Bombay' and Agra line, yet the experience of Dr.
Impey and of the natives whom he has trained to
the work, will very probably be of great use to Dr.
O'Shaughnessy.

We have said that the arrival of Mr. Stephenson
augurs well for our railway prospects. But one
cannot help remembering that Mr. Stephenson has
landed in India several times during the last ten
years under circumstances of almost equal pro-
mise, and that Bengal has not yet a single mile of
working railway to swear by. And though, it is
now beyond doubt, that the Home Government
has guaranteed 4i per cent. interest on nine mil-
lions sterling, a sum of money sufficient to com-
plete a railway from Calcutta to Delhi, the next
mail may bring news which will indefinitely post-
pone all our prospects. The first shot fired in
anger on the Black Sea, would blow to the winds
all hope of obtaining the requisite capital in Eng-
land, so that Mr. Stephenson's latest visit to India
may yet be as fruitless as all his former visits.

The Canada Company made yesterday a most
favourable report to its proprietory. Its sales of
land are annually increasing, and the prices -ob-
tained are higher per acre. The leasing system
has answered admirably, and there can be no
doubt that in the present very prosperous condi-
tion of British North America, the property of the
company will become increasingly valuable. There
is certainly no colony that offers more excellent
prospects for the industrious and steady-working
emigrant averse to excitement.
The suspension of Messrs. P. Monteaux and Co.,
for about 100,0001., is proof of the danger attend-
ing, in these times, operations that partake of
a speculative character. The firm dealt in bills of
exchange and bullion, but lost heavily by Mr.
Pries, who committed the forgeries in connection
with corn dealings. The assets are uncertain, but
under very favourable circumstances they might
realise 10s. in the pound.
The number of ships taken up by Government
for the conveyance of troops and stores to the East
is so large as to compensate the comparative slack-
uess of the Australian trade, although, within the
last fortnight, there have been larger shipments to
Melbourne than there were previously. The rates
of freight to Australia, per 40 cubic feet, as given
in the Weekly Shipping List, for fine measurement
goods, are as follow :--Adelaide, 80s. to 100 s. ;
Hobart Town, 85s. to 100 s. ; Hobart Town
(steamer), 120 s. ; Launceston, 80s. to 100 s. ; Mel-
bourne or Geelong Wharves, 100 s. to 110 s. ;
Melbourne or Geelong, 80s. to 100s.*; New Zea-
land, 120 s. ; Port Philip (steamer), 120 s. ; Port-
land Bay, 120 s. ; Swan River, 70s. to 80s. ; Syd-
ney, 80s. to 100 s.
Letters for Australia maybe posted on the 3d of
next month, to go by the steamer Queen of the
South, and the Great Britain is expected to
leave Liverpool about the 13th of April. Arrange-
ments have been made for the conveyance of par-
cels per Queen of the South at comparatively cheap
rates, a great accommodation to persons having
relatives in the colonies.

The Turkish Loan is to 1 premium. Yester-
day it ranged from 11 to 3 premium.
The English Funds have been to per cent.
lower this morning, upon the rumour that a mes-
sage declaring war will be sent to Parliament this
evening. Although the war undoubtedly will
come, the same assertion has been made so often
recently, that there is really no cause why Stocks
should be further suddenly affected thereby. The
market, however, is influenced by other circum-
stances ofamore enduring character. Money is becom-
ing dearer, and capitalists are more disposed to sell
than buy. State loans are being contracted in every
direction. The English Government has been rather
pressed upon by having to pay off the dissentients
the Conversion, and the unfunded debt being
scarcely at par, does not offer the usual resource.
There is, however, no real motive for alarm much
less panic. The revenue is good ; the Bank of
England, after the dividends are met, will be in an
easier position, and with respect to mercantile failures
though more will occur, they will be found generally
ascribable to speculation or losses through the sus-
pension of other parties. Some consolation, it is,
to see Russian paper currency at a heavy discount;
and, if the war should foster revolutions, we may
expect specie to be sent to this country for security
at least, if not for investment. Consols have been
this morning at 881 and 89, and since at 881 to 1.
Exchequer Bills are 2s. discount to 2s. premium.
Foreign securities have been heavy, but not de-
cidedly lower. By an error in the official list yes-
terday, the prices of Sardinian Bonds were affixed
to Russian 5 per Cents., which were not done lower
than 831. To-day's price is 841. Dutch 4 per Cents.
are 831 to 84. Mexican Stock has been at 221 co
221 ; and Spanish Deferred have realised 17± to 1.
Brazilian New 4i per Cents. bring 871. Portuguese'
4 per Cents. are at 33.

The Railway Share Market is 1 to 2 per cent.
worse again, and with increased real and specula-
tive sales. North-Western, Great Northern, South-
Western, and all the lines quoted with large
amounts paid up are very depressed. French
shares are firm.

The English and Foreign Mining Shares have
been dull, the Australian Banks lower by to 1 per
cent., and the Australian Agricultural Land Com-
panies is down W.

BRITISH FUNDS THIS DAY AT ONE O'CLOCK.

( Prom the Official List. )

Itusinexs don.,
3 per Cent. Consols Annuities B9 8.1 i 4 i
Consols for Account 18th April BB'
Exchequer Bills, 2d.
£l000
£5OO 1 d
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK,
rirazilian Bonds, 5 per Cent. —
Ditto New, 1852, 4,} per Cent
‘l"exican 3 per Cent.
Portuguese Bonds, 4 per Cent.,,,,,,, 33
Ditto, 1848, 3 per Cent 3O
Russian Bonds, 1822, 5 per Cent. £ St B4i x d
Ditto 4i per Cent 74
Spanish New Deferred, 3 per Cent 174 i
Ditto Passive (Converted)
Venezuela Bonds, 3i per Cent.
-

Dividen la on the above payable in London.
Dutch Exchange, 2} per Cent. 12 Gull-- 53
Ditto 4 per Cent. Certifieates ..
HALF-PAST TWO.
Consols BB/
Ditto April Account BBi

ODESSA. Letters from Odessa, of the lOtk inst.,
state that all the labour of the port was monopolised in
expediting the shipment of corn preparatory to the en-
forcement of the prohibition on the 13th. Meanwhile,
owing to that prohibition, wheat had experienced a fall
of about 50 per cent.
RUSSIAN PRODUCE.—The excitement in the market
for Russian produce continues, and hemp has experienced
another considerable advance, the price being 681. to 701.
per ton. Three weeks back it was sold at 471. Tallow
also is again firmer, as well as palm and cocoa nut oil.
THE TURKISH LOAN.—The expected particulars of
the Turkish loan were not issued yesterday, but it is
understood the publication will take place to-morrow,
with a notification from Messrs. Rothschild that they
will receive subscriptions up to Monday evening next,
the 27th inst. The nominal amount of the loan in stock
will be about 2,700,0001., and the deposit is said to have
been fixed at 15 per cent. The subsequent instalments
will be four in number, at monthly intervals, namely,
one of 10 per cent., and three of 20 per cent. With re-
gard to the sinking fund, its first operation will take
place on the let of April, 1855, and the bonds then
drawn will be paid off in October, 1655, the whole being
reimbursable in this manner by annual amounts within
14 years of that date.