The Sun.
London, England, 1822-08-02 00:00:00

CITY, THURSDAY EVENING.

Mails have arrived from Hamburgh and from France. The
mercantile letters by the former communicate no intelligence
later than what was received from the Noith of Eirope, last
Monday, by the way of Holland. By the French Mail the
letters from Odessa are dated on the sth of July. They con-
tain no political nows of any consequence, excepting the re-
storation of this interesting city to the advantages of freedom of
trade. Corn was in great abundance, and the sale of it was ex.
tremely difficult. No alteration had taken place in the relative
situations of the Russian and Turkish Armies. The first and
only change which can be expected is the retreat of the former,
for it is now manifest that the Turks will not yield. .
The letters from Vienna of the 20th of July repeat the ac-
counts given in the Austrian Observer of the destruction of the
Captain Pacha, but they assert that the damage done is much
greater than the Austrian official paper is willing to admit.
This event is of great importance to Greece and civilization.
and as a Christian Empire is better than one composed of Ma.
hometans, every person connected with commerce will have
good cause to exult in the expulsion from Europe of the Grand

Seignior.
A Gentleman who arrived this afternoon direct from Paris.
states that there has been a great desertion in the Fnch army
on the Spanish frontiers. Catalonia, up to the 15th re
ult., conm d.
niied to be much disturbed bf.banditti and priests, who com-
mitted every description of rapine under the mask of loyalty.
It was, however, soon expected that they would be put down
by the Constitutional Government.
In the English funds very little business has been done, and
that without producing any alteration in the quotations.
Stock is 2511 a 352 ; Three per Cent. Reduced 811 i ; Three
per Cent. Consols 804 801. -The 3I per Cents. are
Bonds 921 g. T
and
e
ohl Fours are 9941, and the new Mi. Inclia , 62,
Consols for the Account of the 28th current 80g. The appear-
ance of the market is heavy.
The settlement of the foreign accounts has gone over wi
l-
out the declaration of any defaulters, and considera
bustle is still apparent amongst the brokers on the
Royal Exchange. These foreign loans are paving the
way for the exportation of British manufactures hereafter.
They
.are likened to planting seed in the ground, which in the
result will produce
.goad fruit. So` lorrg as they are drawn
from the surplus capital of England they can in no, manner do
injury, because, even if the loans eventually prove a total loss,
they do not put the lender on a worse footing than he
-would find
himself, if by embarking his money in the Consols, he raised,
them from 80i to par, or even above par : 80/. ss. at present ob-
tains 3l. annually in the Consols ; if the price of Consols should
advance to 1001. or upwards, still the interest would be Si. an-
nually, and therefore no possible injury can arise from embark-
ng the present difference of 29/. 15s. in Foreign Securities. It
gives the lender a chance of getting an additional income from
his surplus money, and it also enables theborrowers toe mpinaoy
the productive classes of the British Empire, and to py the
for their industry and labour. The French rtentzs have ad-
vanced to 92 ; Prussian Old Bonds continue at 89 ; and Mr.
ItoTITSCUILD'S new Loan 86 4. Official advices were,this
morning received by M. ZEA, from Portugal, communicating
the important news that the Portuguese Government had for-
mally acknowledged the independence of the Colombian Re-
public. Colombian Bonds, which opened at 851, advanced, on
this information having been made public, to 85f, ana a great
deal of business was dune in them during the after 'part of
thp day..
Notwithstanding all the efforts made to overturn the free Go-
vernment of Spain, British capitalists do not withdraw their
confidence in the public honour of the nation. The Old Bonds
are 62 a 63, and the New 62i, being a trifling decline, from
their Nalue yesterday. DaniSh Fives are event Neapolitan,
728. Russian Fives Metallic, 79i. And e Austrian
Metallic Bonds have advanced to 79. Mr. RoTirscfmn 's
New Russian Loan is more in demand at 82i a 83 ; and 801
is the present value of the. Chili Loan.
On the Baltic Walk the demand for Tallow improves, and
the best St. Petersburgh, yellow quality, has been sold at 375.
a 375. 6d. iThis improvement has taken place in the face of a
_considerable arrival. Hemp is worth 36/. a 37/. 10s. and P. T.
Flax 501. a 52/. Both hemp and flax are, however, extremely
dull sale, and their prices are entirely nominal.—( Morning
Chronicle.)