The Sun.
London, England, 1851-09-24 00:00:00

Kin g of SARDINIA, and paying their servile homage
to t le p resent Emperor of AUSTRIA..

It is difficult to understand by what conceivable
procvs s of reasoning the professional alarmists—the
agents or dupes of the Bears—have contrived to ex-
cite al?prehensions in the public mind, and to depre-
cia to the value of all descriptions of property. We
haN 'e seldom had so many auspicious auguries as to
the future condition of the country. The harvest is
abu mdant, and there is thus a certainty of ample food
for the people, at reasonable prices, during the en-
suir tg• year, while the quantity and quality of the
pro(22lce should more than compensate to the farmers
for its exceeding cheapness. The great cause of ex-
citemt •nt in the money market and of monetary con-
vulsiol Is is thus removed for a considerable period.
If thi !re were no such countries as California or
Austn Ilia, we might look for a steady flow of bullion
to the vaults of the Bank; but, with the sources from
whencee the precious metals may be obtained now
fully matilable, we may confidently anticipate a large
in crease;greater than anything that has been heretofore
witnessed in this country. We also hear of considerable
demand for our manufactures affording full employ-
ment t broughout the entire country to the working
population. Neither is there any prospect of " a
drain" of bullion, more especially since the Austrian
loan--as we trust all other foreign loans will be—
was unequivocally and decisively eschewed in the
City. The Bank returns, too, offer equally propitious
aspects. There have been considerable additions to
the public and private deposits; and while the
"notes unemployed" have been increased by
nearly half a million of pounds sterling, the
stock of bullion and the " other securities"
have been augmented by more than a quarter
of a million respectively. These are cheering pros-
pects for the country, and yet we find that quotations
not merely of railway shares, but of almost every
other description of property, have been forced down
in the presence of every indication that should lead to
the very opposite results. The only possible expla-
nation of these strange and almost unaccountable pro-

ceedings is the general inactivity at this period of the
year. Men of almost every class, who have money at
their disposal, are engaged in taking their pleasure.
This is indeed the holiday season ; business is,
for the time being, cast aside, and there is a species
of stagnation in the share market. Not from any
distrust in the state of affairs, but simply because
the legitimate dealers have for the present
eschewed all transactions and are taking their ease
in their respective inns, not only throughout the
United Kingdom, but in all parts of the Continent
of easy access. The Bears, wise in their generation,
take advantage of these circumstances. The ball is,
or rather was—for the tide has already turned—in
their hands, and they brought down prices
to the very lowest rate. London and North-
Westerns, Great Westerns, South-Westerns,
in fact, shares in every company, from the heaviest
dividend paying lines to the very humblest, were alike
peppered. The ursine fraternity know not where to