The Sun.
London, England, 1854-04-18 00:00:00

NUN, LONDON, TUESDAY EVENING; APRIL la, 1854;

lows in 1,8001., a-year ! Education must dis-
claim all need of such bribes to indolence. Some-
thing wrong there must be here. Mr. FAGAN,
of course, withdrew his motion ; but we hope his
facts will not be withdrawn from public attention.
Dublin University has large national funds to
spare for some purpose. For what, remains yet
to be decided.

t

MONEY MARKET

AND

COMMERCIAL INTELLIGENCE.

CITY, TWO O'CLOCK.

The sales of cotton at Liverpool yesterday were
estimated at from 8,000 to 9,000 bales, including
1,000 Bahia taken for export, and 1,000 American
on speculation. The market closed with a harden-
ing tendency. The sales comprised 530 Pernam and
mar9,nham at 61d. to 81d., 1,100 Bahia at
500 Egyptian at 'sfd. to Bid., 500 Surat at 2d.
to 3d., 40 Sea Island at Is. Id., and the remainder
nearly all American. Railway shares were flat.
In adverting to the Russian trade, Messrs. F. J
Smith and Charles state :--
"The advices from St. Petersburg to-day are to the
27th (Bth) April. 300 casks tallow had been taken on
the spot at 120. The weather is reported mild. Since
our last repOrts of this day week we have had a steady
market, without any extraordinary movement. Politi-
cal events are now looked forward to with the greatest
interest and anxiety, and they are influencing, and will
continue to influence, the price of tallow."

The steamer Africa, it is announced, has arrived
from New York with 200,000 dollars in specie.
The letters are just received in town. Stocks were
active but not buoyant, and the speculators were
out of spirits, money being scarce.
The steamer Harbinger, from Australia, reached
Southampton. at 9 o'clock this morning with
73,000 ounces of gold. 'Her dates being only of
January 22, have been anticipated.
A telegraphic despatch, dated Copenhagen,
April 14, states that there was an English war
steamer on shore off Amager.
The Stock Market is much livelier, and there
number of accounts unset-
tled
than
expected.ger One large Bear account
a
s
ir ba
was
a lar
has had to be arranged, and having been left until
the last moment exercised a decided influence upon
prices, and made .the_ scarcity of stock more felt,
prices being t,Oll per cent. higher for money than
time, notwitifitanding the amounts understood
to have been recently borrowed of the Bank of
England, and exceeding, according to some ver-
sions, a niillion sterling. The tendency to specu-
late for' a fall in prices is - certainly very obvious
still, and although the money market, should
specie exports have to be kept up to the Baltic
and Black Seas, would be against higher prices,
some allowance should be made for the general re-
striction of business, and the cessation of all new
enterprises and Speculations. The funds, in such case,
offer the principal medium of investment, and as
long as the public find that the war can be con-
ducted without recourse to heavy loans—for mo-
derate borrowing they consider inevitable—they
will probably not manifest any extraordinary un-
easiness, or a disposition to part at all freely with
their securities. It is this state of feeling which
explains the readiness of some of our bankers
and capitalists to lend stock, a very profitable
operation, since the speculators lodge their
money during the period for which they
borrow Coniols, and the accruing dividends belong
to the lenders. Consols have been 87# to and
since 87/ to for Transfer. The. prices for May
11 have been 87i to . The New 3, per Cents.
have been 87# to 1, and the 3 per Cents. 868 to
1. Bank Stock is dull at 214. Exchequer Bills
are at par to 4s. premium. The settlement of the
account is, upon the whole, proceeding satisfac-
torily.
Foreign Securities have been merely nominal.
There is but one bargain officially recorded, viz.,
in Spanish New Deferred at 17.
Railway Shares have been without much move-
ment, but ale at rather fuller rates, notwithstand-
ing the paucity of business. French shares have
been nominal.

There have been a few bargains in the Gold
Mines, but still at comparatively low rates.
_ _

The Joint-stock Bank and Land Companies'
Shares are steady.
The following is a part of a report from Messrs.
Houghton and Levy, of Liverpool . .

'" Sine our report of the Bth ult. the current market
has evinced m4re animation than for several months
past, but cone ring the period of the year, the Easter
demand has an 7 been small. The clearances for home
consumption r€ch 85 tons, against 35 tons during the
preceding month ; they, however, fall short of March,
1853, by nearly two-thirds the quantity. The deliveries
in bond consist of about of 50 tons, chiefly 1851 fruit ;
in February, only 10 tons. The transactions for the
home trade have been principally in the better descrip-
tions of 1852 and 1853 fruit, prices of which have been
fully maintained ; the lower qualities still continue
almost unsaleable, although importers are anxious to
realise at prices little beyond the duty : for 1851 fruit
there is little inquiry at present rates, but holders are
not disposed to submit to any reduction, and rather look
for an advance, the stock being now in a narrow com-
pass. The accounts of the appearance of the next crop
continue very disheartening, and, in addition to a recur-
rence-of the blight, the unsettled state of political affairs
in the currant-growing districts will interfere consider-
ably with the trade in those parts, and it is, therefore,
quite a warrantable anticipation that fruit of keeping
character will next season be scarce, and of enhanced
value."

BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
(Prom the Ofccial List. )
Business done
Bank Stock

3 per Cent. Reduced Annuities BB3 i 1 i
3'per Cent. Consolti Annuities B7i 1 i 4 I
New 31 per Cent. Annuities B7l 1 1
New 24 per Cent. Annuities
Long Annuities, Expire sth Jan., 1860
Ditto 30 Years, Expire 10th Oct., 1859 4 9-16 7-16
India Bonds, £lOOO —
Ditto, under £lOOO 3 d 2 p
Consols for Account 11th May B7l 4 i
Exchequer Bills, 2d. „
£lOOO . 4 p par
Small par 4 p

PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Spanish New Deferred, 3 per Cent. l7a
Dividends On the above payable in London.
HALF-PAST TWO.

Consols B7i
Ditto April Account B7i

DEATH OF ALDERMAN HOOPEEt.—A vacancy has oc-
curred in Queenhithe Ward, in consequence of the decease
of James K. Hooper, Esq., the Alderman of that Ward,
who died last evening. The deceased gentleman was
elected in 1840, served the office of Sheriff in 1842, and
filled the Civic Chair in 1847.
RUSSIA.—The advices from Russia continue of a
very unfavourable character with regard to the position
of the mercantile classes. From St. Petersburg the
dates are to the Bth of April, at which period the Go-
vernment paper currency still continued at about 12 per
cent, discount. From Riga the letters of the 7th an-
nounce the fa,iltre of M. Iwan Shaposhnikoff, a large
tallow and oil speculator, for about 85,000/., by which
Russian dealers alone will suffer, no foreign houses
being interested. The weather along the coast had been
extremely violent, and both St. Petersburg and Riga
had been visited by a tremendous snow storm, suc-
ceeded by a rapid thaw. At Riga it had been blowing
a gale for three days from the north-west, and the ves-
sels in the ice in the bay were reported to be in a very
dangerous situation. Only eight of fifteen vessels were
to be seen at the time of the post leaving. It was
thought that the ice on the river would not remain above
a week longer.
BANK OF FRANCE,--According to the letters from
Paris yesterday, the monthly return just published from
the Bank of France showing an increase of more than
three millions sterling in the stock of bullion, coupled
with the anticipated resumption by Messrs. Leroy,
Chabrol, and Co,, and the less unsatisfactory appearance
of the negotiations with the German Powers, have pro-
duced a manifest revival of confidence. At the same
time the rate of exchange on London is rather firmer,
and there is now scarcely any inducement to send gold
from this side. Only a small amount, therefore, was
taken from the Bank of England yesterday.
ROYAL NAVAL VOLUNTEERS.—We understand that
the Rev. A. MaceTegor, of the West Church here, has
been requested by the Admiralty to draw up a statement
in Gaelic of the nature of the Royal naval volunteer
service in Scotland. This will be printed and circulated
among the Highland fishermen, whom it is desired to
enrol.—Scotch Paper.
BUSINESS OF THE PORT OF LONDON.—In the general
business of the port of London during the past week the
number of vessels reported inward was 148, being six
less than in the previous week. The total quantity of
grain reported was 30,441 quarters, including 10.624
quarters of wheat, in addition to 670 barrels and 500
sacks of flour. Of tea there were reported 20,202
packages ; and of sugar 30 hhds., 34,272 bags, 409 cases,
20 casks, and 13,400 loaves. The number of ships
cleared outward was 113, being
15 less than in the pre-
vious week. Of these 24 were in ballast, and 11 for the
Australian colonies.
ACCOUNTS OF THE BRITISH MUSEUM.—On Saturday
the annual accounts of the British Museum laid before
Parliament were printed by order of the House of Corn-
mcns. It appears that the sum required for the year ending
on the 31st March next year, is 55,225/. The sum
;;ranted for the year ended the 31st ult. was 55,840/,
There was an increase in the number of visitors to the
general collection last year compared with the preceding.
Is the year ended Christmas, 1852, the number was
507,973, and in the year ended Christmas last, 661,113.
LTaihengex,pmen.pdit.: re in the financial year ended 31st March
last, was 54,0311. 4s. 6d., and the balance carried to
the current account was 16,169/. 10s. Bd.
THE CRYSTAL PALACE.—Sir Joseph Paxton, Mr.
and Sir Cusack Roney, who arrived in
Paris on Friday, had an audience of the Emperor Na-
poleon on Saturday morning, on the subject of the open-
ing of the Crystal Palace at Sydenham.

LATEST FOREIGN NEWS.

THE WAR.
ST. PETERSBURG.

A letter from St. Petersburg of April 3, says :
" An extraordinary convocation was addressed to
all the high functionaries and members of the
diplomatic corps, to be present in the chapel of the
palace.at the reading of the bulletin announcing
the passage of the Danube. The ceremony showed
only a very moderate joy. The absence of the
Minister of Austria, convoked like the rest of his
colleagues, produced a marked sensation."