The Sun.
London, England, 1854-10-07 00:00:00

AMERICA.

ARRIVAL OF TILE STEAM-SHIP ST. LOUIS.
SOUTHAMPTON, FRIDAY.
The United States mail steam-ship St. Louis,
Capt. Elridge, arrived last night off Cowes, with
dates from New York to the 23d ult.

The St. Louis brings 53 passengers for Eng-
land and Havre, 470,000 dollars in specie, and a
cargo of beef, whalebone, India rubber goods, &c.
The Arabia had arrived on the 21st ult.
Despatches from Spain state that S'oule's policy
has extinguished any hope of annexing Cuba.
Two French men-of-war have arrived here.
Bishop Wainwright, of New York, died on
Thursday.
There is no political news of moment.

COMMERCIAL.

NEW YORK,SErr. 23.

_ -
Common brands of State flour were in light supply
and unchanged yesterday, while medium and extra
brands were lower by 123 c. to 25c. per barrel. Southern
flour was dull, and inferior grades were above 25c. per
barrel lower. Wheat had a downward tendency, and
one lot of white Genessee sold at 2 dollars, and another
lot sold at rates slightly under that figure.
Cotton was quiet, without quotable change in prices.
Pork was tolerably active, at 14 dol. 37c. for mess, and
12 dol. for prime.

Lard sold freely at about 11. c.
Sugars were in good demand, with tolerably free sales
at full prices.

GRIMSBY. -We are authorised to announce that
Queen Victoria and her Royal Consort will pay a visit
to Grimsby on Saturday, the 14th of October inst. We
need not add that the loyalty of the inhabitants of this
ancient borough is such that her Majesty will be re-
ceived with all the honours the town and port can offer ;
and that, with the co-operation of the Right Hon. the
Earl of Yarborough, whatever proceedings may be
adopted will be conducted to the entire satisfaction of
her Majesty. The visit will be one of peculiar interest
to Prince Albert, whose attendance and speeches at the
ceremony of laying the foundation stove of the immense
dock are still fresh in the minds of the population. The
Queen, Prince Albert, the Prince of Wales, and four
other members of the Royal Family, will arrive in the
royal yacht from Hull about noon, and leave at two.—.
Stamford Mercury.
BULGARIAN ANTIQUITIFS.--At a general meeting of
the members of the Suffolk Institute of Archaeology and
Natural History, the president of the institute (the Rev.
Lord Arthur Hervey) read a letter received from Major
Bunbury, detailing some interesting researches made in
Bulgaria by the gallant writer.
We are informed that net only were Admiral. Sir
Charle,; Napier and Admiral Dundas educated at the
IEOI School of Edinburgh, but that they Were class_
fellows. They entered on the Ist Oct., 1793. Admiral
EoUndas is entered in the class-book as " James Deans,"
Dundas having been bubaequelatly aaaunrid;.".oo4.ol%

MONEY MARKET

AND
'COMMERCIAL INTELLIGENCE.

CITY, TWO o'CLOCK.
The sales of cotton at Liverpool yesterday
were estimated at 8,000 bales. The market closed
steadily. Railway shares were quiet.

The anxiety to provide means against all con-
tingencies, and the active demand for money, had
a marked effect upon the position of the Bank
of England during the week to the 30th
ultimo. The balances of private depositors were
augmented ; but this was a measure of precaution,
and probably in anticipation of liabilities falling
due on the 4th inst. The discounts, for the same
reason, were largely augmented. With regard to
the amount to the credit of the Treasury, it is
smaller than upon some former corresponding pe-
riods, but quite as large as could be expected
during a state of warfare. Bullion and notes were
both required to a larger extent, from the greater
demand upon the Bank's resources. The follow-
ing were the changes compared with the previous
week :

Active circulation.
Increase
Bullion
Decrease
Rest

•
Increase
Public Deposits
Increase
Other Deposits
Increase
ti even-Day and other Bills
Increase
Government Securities
Increase
Other Securities

Increase
Notes unemployed

Decrease

£19,964,920
668,670
13,059,870
169,016
3,719,493
9,135
5,786,582
423,010
9,924,277
155,920
1,030,651
9,256
11,006,210
9,255
16,912,843

1,425,752
6,499,380

794,100

There was an advance again yesterday afternoon
in the rates of exchange for bills upon some of the
continental cities, Trieste, 90 days, being done at
11 43 to 48, and Frankfort at 119. Paris, how-
ever, remained atl2s 321 to 37i, Amsterdam at 11
181- to 181, and klamburgh at 13 7 to 7i.
South American Doubloons are 755. 3d. to 75e.
6d. per oz., United States gold coin is 765. Ud.,
Spanish Pillar dollars are 6s. to Gs. 4d., and five
franc pieces are ss. Old. per ounce.

In Belgium just now great interest attaches to
the question of the food supply. The prices of
grain rule still at a point so elevated that the
poorer classes suffer considerably, and very natur-
ally are wont to follow the dictum, of any party
who advocates a course of proceeding apparently
calculated •to benefit them. The main cause
of the anomalous position of Belgium in this
respect, however, is the disinclination to adopt
at the outset a sound general principle, and
to allow food, at all times, to be imported
free of duty. The kingdom does not produce a
quantity adequate to the consumption of its popu-
lation, and is yet debarred by restrictive laws
the right to feed it from other sources. One crude
piece of legislation is usually held to justify
another, and by consequence the prohibition of
exportation is now advocated to appease the public
mind, and allay the excitement of the suffering
poor. The Journal de Liege contains upon this
interesting subject the following remarks :

" We are informed by the Moniteur (Belgian) that
the Ministry is at present occupied with the subject of
the abolition of the corn laws, and that it is their inten-
tion to bring it before the Chamber at an early period.
" How much longer is this question, settled a thou-
sand times as regards England and Belgium at least,
where the produce is insufficient, to remain unde-
cided ? For several years this subject has been
brought forward periodically, in spite of the most
searching inquiry having been instituted. With a
moderate harvest we pay very dearly for corn ; and now
with an abundant harvest, surpassing at least 75• per
cent, that of last year, the hectolitre of wheat is still at
30 francs. Have we not enough' experience as yet ?
" The bakers rail out against the exportation, and
the Government informs that in .spite of the abundant
harvest ten times more foreign grain has entered
than has been exported from the country, and
that the price is still on the increase. What
further experience can we then be waiting for ?
Freedom of trade, if not the remedy for high
prices, is, at least, the surest palliative of it. It is the
fear which continually arises from the vacillation and
*feebleness of the Government, which is not able to de-
clare, once for all, that the corn trade is, and shall
henceforth remain, completely free,' which tends so to
derange our commerce, and drives our merchants to sup-
ply our wants from distant countries, whilst they might,
like the English, remain quite at ease as to abundance
of the necessaries of life. Let us, then. at
once and for ever settle this vexata qucstio. The Cham-
bers will do well to force it upon the Government if there
be any further hesitation or delay in the matter. Eng-
land is now benefitting by a bold system of government,
for the tw• kilogrammes of bread of first quality there
costs only 75 centimes at present, whilst in Belgium,
where the price of labour is much less than in England,
the same quantity of bread of the first quality costs 94
centimes.

" But in England the commercial interest is perfectly
satisfied that the sort of legislation adopted by Sir R.
Peel, after a vigorous opposition on the part of the landed
interest, has, at last, completely triumphed over all ad-
versaries, and the more so, from the beneficial results to
the community at large, a truth now apparent even to
that sect of oppositionists, so much so as to lead them to
the prudent course of letting matters rest undisturb ed.
Still we may doubt if our retrograde statesmen will
benefit by this experience. They seem to prefer sacri-
ficing the consumer to the producer. They pretend to
be the advocates of the former, if we are to go by appear-
ances at present ; but let only the corn trade return to
its normal prices, you would see this same party once
More openly revolt against a liberal course of legisla-
tion. The reason is this, they have no real principles
at all, but only their own interest, and, therefore, be-
.come as changeable as the moon."
Nearly every line of this would have applied to
England before the repeal of the Corn Laws, and
the adoption of such arguments abroad is the sure
precursor of Free Trade.

There are several telegraphic despatches in from
Memel, dated the sth inst., received by various
German houses, announcing the melancholy fact of
.a large portion of that town having been destroyed
by fire, according to some versions no less than
two-thirds. This, however, is probably exagge-
rated. It is doubtful as yet whether the shipping
has suffered, but as a canal runs through the town,
and the ships load therein, it is very much feared that
the merchandise may also have suffered. A large
.quantity of produce, •especially hemp, had been
burnt in the warehouses. According to some ver-
sions as much as 8,000 tons of hemp.
The funds have been very quiet, and continue
'heavy as regards prices. Consols have been 95 to
for transfer, and 95i to for account. Exchequer
Bills have been 4s. to 7s. premium. East India
Stock is at 230.

Foreign Securities have been offered rather
-freely for sale again. Spanish 3 per Cents. have
been ni /, and the New Deferred 18g. The Com-
mittee's Certificate is at 5. Mexican Bonds have
been quoted 24i, and Chilian 101 ex dividend.
Brazilian Old Stock is at 98 to 99 ex dividend.
Russian 4 per Cents. have dropped to 85.
The following are the nominal prices of foreign
stocks :—Grenada Deferred Bonds, 51 to fif ;
Mexican, 241 to 25 ; Peruvian, 71 to 73 ; ditto
3 per Cents., 51 to 53 ; Portuguese 4 per Cents.,
401 to 42 ; Russian 5 per Cents., 95 to 97 ; ditto
Per Cents., 65 to 87 ; Spanish New Deferred,
18-a to 18i ; ditto 3 per Cents., 37-1; to 371 ; ditto
Certificates, 5 io 5i ; ditto Passive, 4i to 4.
Railway Shapes have been weak again, and the
transactions have been in the direction of sales
generally. Great Northern and Caledonian, how-
ever, have been a shade higher, and the Shropshire
Union have been very firm. French shares have
been merely nominal.
The Mining Market has been dull, and there has
been no movement in the Banking Shares.
Crystal Palace ale not so good.

BRITISH I'UNDh THIS DAY AT ONE O'CLOCE..

(Prose the Oticial List.)

Ittpinep-
-3 per Cent. Consols Amuitiea ................
~,9.,} '
India Stock
—so
India Bonds, £lOOO ....... .•••••• ••••• .....
Consols for Account 171 b. Oct. ...... . •••
Exchequer Bills, 2id. . ........ 951 a
1000
2500
Small
P altit or /lir ....................... 74 Pp
7 4
Br ailian Bond:, EIGN FUNDS AT ONE O'CLOCK.
Chaim' Bond- .,_ 5 per cent 9B 9x d
Mexican 3 --,, 6 per Celt. ........
Russiar per Cent.
V - Bonds, 1822, 5/ Cent. £St
S• .cto 4t per Cent.....-er
85
,geanish Bonds, 3 per Cent, 37i i
**PAnish New Deferred per Cent. Bs
vt,l3Pikisnish. Ccon.amittee Cert. of Coup. not fun. 5 P C
US rip 6 per cent Si
Blvicten---11 94 We above payable in London.
TWO 0' CL 0 CK:.
Consols ....: .... " ...... • 95 i
. ~,vc. tober ACCOUJ it mown, Ni i

A done.