The Sun.
London, England, 1853-11-05 00:00:00

MONEY 11 lit LATEST

AND
COMMERCIAL INTELLIGENCE.

CITY, TWO O'CLOCK.

The sales of cotton at Liverpool yesterday were
estimated at from 5,000 to 6,000 bales, including
1,000 for export and on speculation. The market
closed firmly. Railway Shares were buoyant.
In the weekly return of the Bank of England,
made up to the 29th ult., there are one or two im-
portant changes. The amount of bullion has been
increased materially by the paying in of Australian
gold, and at the same time there has been such an
increase in the public deposits as to contract the
circulation. The discount business varied but
little, and it would appear that the Bank had pur-
chased or made advances upon Government Secu-
rities. Compared with the previous week, the
changes are as follows :

Active circulation...
Decrease

£22,987,350
157,795
15,270,684
310,478
3,175,493
4,670
3,628,809
725,764
12,322,678
67,975
1,357,396
13,668
11,498,152
179,080
17,255,890

Bullion

Increase

Ir crease
Public Deposits
Increase
Other Deposits
Decrease
Seven-day and other Bills
Decrease
Government Securities
Increase
Other Securities

Increase
Notes unemployed
Increase

1,438
5,671,500
457,690

There was an improvement yesterday afternoon
in the rate of exchange on Amsterdam to 11 161
and 17 ; a fall on Hamburg to 13 6 and 51 ; and
a rise on Trieste to 11 35 and 40 nominally.
Paris, 90 days, was at 25 25 to 271 ; and Frank-
fort, at 1191 to I, being each a shade lower.
Very encouraging accounts have been received
from the resident engineer of the Waller Gold
Mining Company, and it is stated to be the inten-
tion of the directors to infuse new blood into the
concern, and to prosecute the undertaking with
vigour. The engineer, in his report, states that
his examination confirms mostly the information
previously given. It is proposed to work the mine
similarly to the St. John d'el Rey in Brazil.

" Some of the Gold Mines in Virginia have been car
tied on to a great profit, even though the operations
have, in general, been conducted in a rude, imperfect,
and unsystematic manner ; and, I may remark, that
the ores from some of the mines that have been worked
do not equal in yield one-sixth of the value of the ores
from the Waller Mines. In addition to the veins pre-
viously opened on the Waller Estate, two other veins
have been discovered during my inspection of the pro-
perty. One of these consists of a kind of talcose slate
of a reddish color, and feruginous at the surface. At a
greater depth it is filled with small crystals of iron
pyrites, which appear something like per-oxide of iron
and color the slate brown. This is a very valuable vein,
and affords an average yield of 41. per ton. I have
called it 'The Brown Slate Vein."'
It is at all times dangerous to be oversanguine
in regard to the prospects of particular mines, and
even diligent investigation sometimes will end in
disappointment ; but the following items in the re-
port, should the results bear them out, must
greatly improve the position of the shareholders:—
" The Waller Vein is not taken into my calculation cf
yield, though it is so celebrated for the richness of the ore
it has produced. My reason for omitting it is, that I
am afraid of exciting too great expectations. All the
other ores can be obtained in large quantities, but this
ore is too rich to admit of this. At the surface it only
appears in small shoots, but these may become more de-
fined and join at some depth, and form a regular and
strong vein. Should this be the case, the most extraor-
dinary results may be realised, for some of this ore has
yielded at the rate of 4501. per ton. A shaft is in pro-
gress for the purpose of proving this vein, and this shaft
will also work the Goochland Vein, which affords a cer-
tain supply of ore. I had some of the earth removed
from the surface of the ravine adjoining the Waller
Vein : the gravel and sand will pay for washing, as it
contains a considerable yield of gold. In conclusion,
though I do not wish to excite too great expectations,
I have no hesitation in confirming the very favourable
reports you have of this property. I have visited several
works of this kind, but I have not seen any other locality
in Virginia which combines so many natural advantages
as this very remarkable gold mine affords."
The amount of bullion exported direct from Lon-
don during the week to last Thursday, was 20,176
ounces in gold, and 109,200 ounces in silver, all to
the Continent.
Very little has been doing in public securities,
but upon the continued assurances that an amic-
able arrangement will yet be effected between
Russia and Turkey, prices have rallied. Consols
have been 94ft to 95 for Transfer, and, from 941
have risen again to 95 for Account. The N ew
Three-and-a-Quarter per Cents. have realised 95i
to 96, and the Three per Cents. 931 to 94. Bank
Stock is firm at 217. South Sea Stock is worth
113, and India Stock 253. Exchequer Bills have
been 2s. to 4s. premium.
The foreign investments are well supported
generally. Peruvian Bonds have been done at
721 1. Mexican Stock has been at 26/, and rather
duller. Brazilian Old Stock is quoted 971 to 98.
Spanish 3 per Cents. have been 441. The Commit-
V3e's Certificate is at 5. Sardinian Stock has been
at 93 to 1.
ne Railway Share Market has been rather in-
active, but there is no particular change in values.
French shares are quieter, but firm.
The Gold Mine Shares have been dull. The
Land Companies' Shares are rather weaker.

BRITISH FUNDS THIS DAY AT ONE O'CLOCK
(From the Oficial List.)
Business done.
Bank Stock .. ..........
3 per Cent. Reduced Annuities 931 a 4
3 per Cent. Conbols Annuities 94 5
New 31 per Cent. Annuities 9si a c
India Stock
South Sea Stock
Consols for Account
Exchequer Bills, 2d.
£l000

PRICE OF FOREIGN FUNDS AT ONE O'CLOCK,
Brazilian Bonds, 5 per Cent
New Brazilianßonds, 1829 & 39, 5 per Cent 9B.
Chilian Bonds, 6 per Cent lOl
Mexican 3 per Cent.
Ditto for the Account... 26i
Peruvian Bonds, 4i per Cent. 726 i
Ditto Deferred, 3 per Cent 5l 504
Sardinian Bonds, 5 per Cent 93 I
Spanish Bonds, 3 per Cent 2I4A
Spanish Committee Cert. of Coup. not fun 5 p c

Dividends on the above_payable in London.

TWO 0' (MOCK.

Consols 94 95
Ditto November Account .

SPORTING NOTES.

DOWN ON THE JUMPERS.

The " jumpers " are at their dirty work again. Their
" doings " yesterday at Epsom have scarcely a parallel
in the long record of Steeplechase trickery and decep-
tion. So palpable were they that the principal parties con-
nected with them scarcely escaped rough treatment from
the duped and indignant spectators. The Hurdle Race
proceedings were particularly disgraceful. Four horses
started, but the flag had scarcely dropped when it was
evident that an accommodating arrangement had been
made, and that three of the competitors were not "in-
tended." Edward of 'York was the winner, although
the Screw could have beaten him in any part of the race,
and, indeed, it required all the physical exertion of his
jockey, Green, to prevent his obtaining the victory ! So
clumsily was this "game" played that its purpose was
immediately apparent to the most inexperienced turfite.
The steward, Mr. A. Heatchcote, expressed his dis-
approbation and indignation at these proceedings, and
he stated his determination not to allow Green to ride
during any future meeting at Epsom. No bets have
yet been paid on the race, and it is said that the case
will be brought before the Committee at Tattersall's.
The only way to give a check to these nefarious prac-
tices will be to declare all bets off, and thus disappoint
the expectations and upset the plans of the jumping
fraternity. But Steeplechases at Epsom will appa-
rently never attain a flourishing popularity. They were
seemingly established by a few speculators, booth-
keepers, and encouraged and supported by individuals
whose connection with this peculiar pastime is neither
desirable nor honourable. The abolition of these meet-
ings at Epsom is a greatly to be desired consummation.
Yesterday the proceedings commenced with a squabble,
and as on former occasions they appeared to be regu-
lated by the principle of win-tye, or wrangle.
The doings at Worcester now require no lengthened
comment ; they were less glaring than those at Epsom,
but hardly less scandalous. Some doubts exist as to the
payment of bets on the steeplechase, but that the "first
heat" did not vitiate the bets, in my opinion, admits of
no question. Although the same number of horses did
not start the second time as in the first instance, yet the
original engagements undoubtedly stand. This opinion
is justified by the decision which was delivered by the
proper authorities on a similar case which once occurred
at Goodwood.

That staunch supporter of the turf, Lord Glasgow,
has taken for a term of years the extensive training
establishment which recently belonged to Lord Ribbles-
dale, at Newmarket, where his horses will shortly
arrive to be trained for their engagements. This gives
the inhabitants of the town much occasion for rejoicing.
Nov. V. A FRESH MAN,

RUSSIA AND TURKEY.
HOSTILITIES ON THE DANUBE.

Though the latest telegraph despatches, with
news from the seat of war, are contradictory, they
leave no doubt that hostilities have commenced in
earnest. One states that, in a conflict between the
opposing armies near Dam, the Turks retreated ;
another, generally, that " the Turkish corps which
passed the Danube at Kalafat" were defeated,
making no mention of the place where the engage-
ment took place ; and a third, that after a serious
conflict between Kalafat and Krajowa, which lasted
two hours, the Russians retreated towards Slatina.

Subjoined are the despatches to which we refer.

An official communication from Bucharest

says :

Two thousand Turks appeared at Giurgevo and
fired into the town.

In a conflict near Dam many Russians and Turks
were killed. The Turks retreated up the river,
and the Russians followed them.

At Kalafat there are daily skirmishes.
The Turks respect foreign property under the
Austrian flag.

A private telegraphic despatch from Vienna of
the 3d inst. announces the defeat of the Turkish
corps which had passed the Danube near Kalafat.
The Vienna Presse confirms the intelligence of
the arrival of 7,000 Turks at Kalafat, and of the
advance of the left wing of the Turkish army, be-
sides 8,000 of the Turkish reserve from Sophia.
The vanguard, under Namik Pacha and General
Prim, had a serious conflict with 2,500 Russian
cavalry, between Kalafat and Krajowa. The affair
lasted two hours, when the Russians retreated to-
wards Slatina.

A despatch, dated Bucharest, Nov. 2, gives the
following account of the attack of Giurgevo by the

Turks :

Yesterday 800 or 1,000 Turks appeared at and
bombarded Giurgevo. A. fight ensued along shore ;
several Russians and Turks were killed, and
civilians wounded. The Turks proceeded up the

river. Russian cavalry with cannon followed in

the same direction. Skirmishes between the out

posts happen daily near Kalafat.
Another telegraphic despatch from Vienna says :
—The Hospodar, Demetri Stirbey, is superseded ;
he has retired from his Principality, and is already
in Transylvania.
The members of the civil courts are ordered into
the interior, and all offences are to be tried by the
Russian courts-martial.

The war with Russia has been proclaimed at
Belgrade by Izzet Pacha in presence of the Servian
ministers and dignitaries.

The Presse stales, on the authority of Constan-
tinople letters of the 21st ult., that Redschid Pasha
has consented to a fresh draught of a note, proposed
by Lord Redcliffe, and based on the Czar's admis-
sions at Olmiitz.
Redschid Pasha is said to have given his Consent
after a series of " stormy" conferences.
Accounts from Constantinople received through
Vienna state that the Ambassadors of the Four
Powers had apprised Redschid Pasha that a note
had been prepared in common which would meet
all existing difficulties, and lead to a pacific con-
clusion, and that, in the meantime, they wished
that hostilities would be suspended. Redschid
Pasha replied that if a note were presented, in
which the condition or basis was the evacuation
of the Principalities, and if it embodied the sub-
stance of the Vienna Note, together with the mo-
difications added by the Porte, such a note should
receive the fullest consideration of the Govern-
ment, should be submitted to the Great Council
of the nation, and as a proof of the great respect
of the Sultan for the Four Powers, orders should
be despatched to Omer Pasha not to commence
hostilities.
A private telegraphic despatch from Constanti-
nople of the 24th ult., after mentioning the presence
of the fleets at Lampsaki, proceeds to state that a
party of French officers had arrived at Constan-
tinople, and that certain British officers had left
for Shumla.
A telegraphich despatch from Marseilles an-
nounces that a portion of the French fleet had ar-
rived at Constantinople. The same number (three
it is said) of English vessels was expected from one
day to another.
The Copirte Zeitung's Correspondenz, states that
the intended advance of the Turkish troops on the
road to Krajowa was unsuccessful. The Russians
at first retired, in order to gain vantage-ground ;
but at the moment when the Turks approached
they developed such an extraordinary superiority
of forces that the Moslems soon withdrew again to
the shores of the Danube. There is no doubt that
more or less important skirmishes have taken place;
and that these have been magnified by reports
into as many battles is only natural.
The Nord Deutsche Zeitung writes :—"Agree-
ably to letters received from St. Petersburg, under
date of October 21, the opinion which prevailed
there was, that the Turkish war declaration had
only been answered by orders sent to Prince Gorts-
chakoff, to the effect that he should declare to Omer
Pacha that the Emperor was not inclined to evacuate
the Danubian principalities, and that the commander
of the Russian troops had consequently received
orders to reciprocate the hostililies of the Turks
according to his own discretion. It was therefore
believed at St. Petersburg that the Russian army
would remain on the defensive for the present.
A proper war manifesto intended for publicity,
with a view to enlighten the people on the subject
of. an event which certainly deeply concerns them,
was not expected to appear. Such a consideration of
the Government for the people is not usual in Russia.
If a manifesto should nevertheless appear, it was
thought it might possibly take place when the
Government has received intelligence that the hos-
tilities have actually and seriously commenced, or
when Russia has determined to assume the
offensive."
A letter from Constantinople of the 21st, in the
Presse of Vienna,lsays :—" Lord Stratford de Red-
cliffe has made it a condition sine qua non, that
hostilities shall not commence until the receipt of
the answer of the cabinet of St. Petersburg to the
last project of arrangement. It is said that this
demand gave rise to some very stormy scenes be-
tween him and the Divan, but at last the consider-
ation due to the Western Powers caused the latter
to consent."
The Breslau, Gazette states' from Vienna, 30th
ult. :—" Negotiations have taken place between
Austria and Montenegro. Austria recommends the
Vlidika to observe the strictest neutrality, but the
Prince thinks that his warlike people cannot be
prevented from attacking the Turks, and he, more-
over states that he owes a proof of devotedness to
Russia as a protecting State."
The Hamburg newspapers of the 31st ult. states
that several officers of Schleswig Holstein, who
have not been amnestied, intended to go to Tur-
key to offer their services to the Sultan.
Major-General :David Lewanowicz 'Dadjan, the
last descendant of the kings of Mingrelia has just
died at St. Petersburg, at the age of 77. His re-
mains, after having been embalmed, were sent for
interment to the Convent of Martowill, where his
ancestors lie.
The Presse of Vienna states, from Constantinople
21st ult., that the Sultan, on the advice of the
Amb,assadors of the Western Powers, has given
orders that the Turkish troops which may arrive
at Constantinople, shall only remain there 24 hours.
This order is said to be in consequence of some
excesses haying been committed towards the Chris-
tians by the Redifsc
The important fact of to-day, says the Paris
correspondent of the Times, writing yesterday, is
the telegraphic despatch received last evening from
Vienna, which announces that a check has been
received by the Turks in their advance after passing
the Danube at Widdin. Several despatches have
since arrived from the same place, announcing the
same ' • but they vary in their details. We have
no authentic account of any serious engagement
having taken place, any important action in
which the fate of a campaign is decided ; it is
only said that the Turks have been repulsed, and
it is asserted, in contradiction to another ac-
count, that they have not recrossed the Danube,
but still occupy .alafat.* It would appear that
the Turks, insteaa of fortifying themselves in
Kalafat, which is, or was, a position of some
strength, advancodt. to Krahova, the capital of
Lesser Wallachia, and that advance was probably
what the Russians desired, as though the Turks
might maintain th,e. it position manfully behind en-
trenchments, they • would not probably make any
impression on the Russians in the open plain.
Now, between KaLafat and Krahova, which are
about 30 miles asu nc ler, the country is perfectly flat,
and is well suited. .for cavalry movements and for
artillery. The sr got at which Omer Pasha crossed
the Danube is o ne which had been many times
traversed on form er occasions by insurgent Pashas,
and whence forays had been made into Lesser
Wallachia. The .operation was rendered . more
easy by the footing obtained on the small island
nearly in the middle 3 of the stream ; and the boats
used on the river wt ire each capable of transporting
from 200 to 300 n ien at a time. Nevertheless
there is little doul A that the Russians could have
seriously impeded , if not totally prevented, the
Turks in their pi maga of the gtreara if they had