The Sun.
London, England, 1851-07-31 00:00:00

GERMAN Y.

Some of the Prussian journals state that the elec-
tions for the provincial Diets are about to take place
in Prussia, according to the electoral law of 1823,
which excludes Jews from the representation, and
declares that an election is valid, if only one elector
shall vote.

The Post Ampt Gazette of Frankfort, under date
of Vienna, 23d, says :—" There are so many erro-
neous reports in circulation relative to the new loan,
that we think it right to make known the real:state of
the affair. The EMPEROR has approved of the negotia-
tion of a loan, but he has left it to the Minister of
Finance to fix the necessary sum, and the means by
which the operation is to take place with the greatest
advantage to the State. The principal object of
the loan is the paying of the paper-money, the
issue of which had been compelled by the events
of 1848."

The Trieste Gazette announces that the new
Austrian loan will be negotiated at 96 for payments
in paper, and at 60 for those in cash. It was
thought that the agio on cash would be fixed at 20
per cent.
Tne Constitutional Gazette of Bohemia publishes a
letter from Constantinople, stating that the Turkish
Government, at the instigation of France and Eng-
land, manifests a great inclination to set Kossuni
and the other Hungarians who are in Turkey at
liberty, but that the Austrian Ambassador at Constan-
tinople has received instructions to remonstrate in
the strongest manner against the proposed measure,
and to demand his passports if the remonstrance
should not be attended to.

The Kolner Zeitung has letters from Cassel of the
26th inst. They announce the dissolution of the
Federal dnd Permanent Court-martial, which had
been established to try and punish the political
offenders in Hesse. The prisoners and documents
of this court have been handed over to the Hessian
court-martial. The Federal Commissioners will,
however, remain. The battalion of Austrian Rifles,
which has hitherto been quartered upon Cassel, has
received orders to return to Eger, and the Bavarian
troops, too, are preparing to return to their own
country. The Bavarians are to march on the Ist,
and the Austrians oa the 4th of next month.
Several arrests have lately taken place.

A MONSTER TELESCOPE IN HYDE PARK.—Yester-
day considerable excitement prevailed among the inhabitants
residing in the neighbourhood of Cumberland-gate. Oxford-
street, in consequence of the arrival in Hyde Park of a
monster telescope, but which, from its immense length, was
supposed to be an extraordinary iron pipe for the Great
Exhibition. Upon inquiries, however, being made, it was
ascertained that a telescope, from a design the result of ex-
periment and investigations made by the Rev. John Craig,
Vicar of Leamington, Hants, had been brought to the Park,
the permission of Lord Seymour, First Commissioner of
Woods and Forests, having been granted, for the purpose
of allowing the reverend astronomer an opportunity to ad-
just the instrument, previously to its being permanently
fixed in a situation. A temporary structure will be raised to
afford the means of making observations. The barrel of
the telescope is about EO feet in length, and is composed of
a sheet of wrought iron. The diameter, in the centre, is
about 4 feet, at the upper extremity about 2 feet 8 inches,
at the lower extremity about 12 inches.

THE GOVERNOR OF NEWFOUNDLAND.—His Excel •
lency Sir Gaspard Le Marchant, Lady Le Marchant, and
suite, arrived yesterday at Queenstown, per brig Bryn y Moir,
16 days from St. John, Newfoundland. His Excellency pro-
ceeded, per Sabrina, to-day, for Bristol, en route to London.
We understand Sir Gaspard's term of government has ex-
pired, and it gives us pleasure to learn that his Excellency's
administration has given much satisfaction in the colony.
Previous to assuming the government of Newfoundland, Sir
Gaspard held an important staff appointment in this city.—
Cork Reporter.

Her Serene Highness the Duchess of Coburg and
suite and Major Dupuis embarked at the St. Katharine's
Wharf yesterday morning, on board the General Steam Na-
vigation Company's steam-ship Triton, for Ostend.

Railways. I Paid, Nominal Prices. Business dela
to-day.
Aberdeen all 1 % ribs dia.
Caledonian 10/. •• •• 7 %
Chester and Holyhead all 14% 15% lb
Dund. Per. & Aber. June, all %
East Anglian (31. 10s.)
6 per cent. ..1%-2
Eastern Counties Eaten.,
per cent. No. 1 .. all par p par %PM
Do. No. 2 • • • • • • all % dls par
Do. New 6p. cent. Stock 10 MK) 10% 10%
Eastern Union, Scrip
guaran. 6 per cent. .. all 12% 12% 12% %
Do. 101. Daben. Shares. all •• ••
East Lancashire, 6 per
cent. quarter shares .. all ••
R. &W. York. June. sths all ..
Edin. Pen& Dun. st. p.ct. all % dis. par
Glasgow & S.-W. Consol 100 • • --
Gt. Northern, 5 per cent. all 13% 1334 13%
Great South. & Western
(Ireland) eighths .. 2% 1 p.
Lancashire and York-
shire, F. 201. .. .. • • 6 • • dia.
Dc. 6 per ct. Stock .• 100 .
Leeds and Thirsk, 6 par
cent., No. 1.. • . .. 11 .. p
Do. quarters, 1848 g • • p
London, Brighton, and
South Coast guar. 5 per
et., late Croythal thirds 100 •• •—• ••
Do. pref., S p ct. Stock,
1851, from 501. share. E 100 ..
Do. new guar., 6 per et. 100 ..
London &S.-W., new .. —2% P.
Londonderry and Ennis-
killen, half shares .. 10 ..
Manch., Sheffield, and
Line., quar. shrs., No. 1 all 113{ 12%
Do. new, 101. •• all 11% —l2
Do., 6/. • • • • • • • . 8 % % P
Midland Con. 6p. c. ilock 100 .
Do. Consol. Bristol &
Bina:Law., 6 per cent... 100 129 130
Do. Bristol & Glouces. 48 ..
Norfolk Extension .• all 15 —l6
Do. guar. 5% per cent. all
Do. Waveney Valley 2•
North British .. 6 4% 5
Oaf. Wor. &R 01. 151.6 p.c 4 % 1 p 5
Shrewsbury arid Birm.
New Guaraateed all lou 10%
Shrews. and Ches. (Nor.
W. MM.) 8 per cent. all 14% 1514 14%
South Devon .. all 13% 14%
South-Eastern, 434 p. ct. 10 • • ••
Waterford &Kilkenny, 51. 1 • • —• •
WestLondou, lia.C1.(101.) all .• '•
Do. 2d Class do. (par) all •• ••
York, Newc., and Borw.,
Gt. N.or E. Fur. .. all 16 16%
4
York and North Midland
U. and S. Purch. 10 134 1 dia.

Boulogne and Aliens .•
Central of France (Or-
leans and Vierzon) • •
Demerara • • • • • •
Dutch Rhenish •• • •
East Indian • • • . • •
Do. do. do. • •
Great Indian PenLusula• •
Ditto ditto • •
Louvain a la SaraLre
Luxembourg • • ..
Ditto • • • • • • • •
Madrid and Valentia
Maria Antonia .. • •
Ditto, New .. .•

Namur and Liege ..
Northern of Franco ..
Orleans and BordeauX
Paris and Orleans ..
Paris and Rouen ..
Paris and Strasbourg
Rouen and Havre ..

Sambre and Meuse ..
Tours and Nantes
Tournay, ,Turbise, Lan-
den, and Itasmilt ..
Wont Flanderi

1107 A
I all

:GM,
10% - 10%

17% - 17%

4% -4% dia.
2% -2% p.
-

3%• al

'lb-Ip.
33i - 4 p.

3i-Ili
2%-9j§

2 71 63 81
7%
all

9 —ll
2
6% —6%
14%, 14%
—4% die.
34 —36
25%
b% 5 db.
9% 9yo
3% —3%
9q 9,112.

CI
8% I.
2 -23

Asturian ..............
Australian ............
Barossa Range .. ......
Blaenarvon Iron and Coal
Bolanos Scrip .. ..
British Iron .. .... ......
Brazilian Imp. (is. 51. p.)
Do. Cocaes and Cniaba

15
4
1 13 0

Do. St. John del ley..
Cobro Copper ......
Copiapo ...• • ...... • • •
General.
Mexican & S. American
Real Del Monte, Uureg.

Do. Black Det,enttue-i.

Do. Red Debentures ..
Santiago de Cuba ......
Tin Croft ..............
United Mexican.. • • • .

Anstralasia • , •• • •
British North America..
Colonial ............
Commercial of Loudon..
London Joint Stock ....
London and Westminster
National Provincial Eng.
National of Ireland ....
Provincial of Ireland....
Union of Australia ....

Do. New
Union of London ......
Union of 'Madrid .

Canada ...........

MI:

Gen. Steam Navigation .'
& Oriental Steam.

Ditto ditto
Royal Mail Steam ......
IWe cannot be answer
will not be influanced by

13 5
24%

128 2 8%
' STOI

CEL:
32%
14

1% -2%

17M -19%
39% - 41%
-7%
IZ3, - 14
3% -4%
-30

3 -3%
634 -:
3% -2%
!X BANKS,
33 -34%
45 -46
10% - 12
25 - 25%
18% - 17%
27% -28 U

18% 20%
42 44
15X lb
35 30%
3 —3%
12% 13%

xblo for tt
intereste,

411 —49
26% 28
69% 71
11 9 xd
75 —7B 7*
Le errors of the Official Lists, and
1 correspondents.]

MONEY and COMMERCIAL NEWS.
CITY, TWO O'CLOCK.
The sales of Cotton at Liverpool yesterday were 8,000
bales, of which 1,000 American were taken for export,
and 1,200 on speculation. The market was not so well
supplied, and prices were without alteration.—Railway
Shares were in good demand, at higher prices.
The six weeks' average price of Wheat is 425. 6d. per
quarter, and the last week's 425. sd. The quantity of
Wheat sold is 64,035 qrs.
The further accounts from Vienna bear out the ru-
mours of the 60,000,000 florins' loan being taken.
There does not appear to be any intention of openly
taking subscriptions here, but firms at Vienna have by
private letter invited parties here to participate. The
contract price is 93, it is said, but iu sterling about
811. is the nearest value. The instalments are
to be spread over twelve months, and the ex-
change has to be taken into consideration. We
apprehend that no prudent individuals of small means
will invest, or buy even on speculation, in such an unsafe
stock. The price is to be 41. more if the interest be
paid in specie; and, with our views on the matter, and
seeing the fluctuations in the exchange, we should be
extremely loath to pay 501. per cent. for Austrian Bonds.
Let any one follow carefully the advices from Italy, and
ask himself then what guarantee there can be for
future peace in a country so ruled, or among a
people so exasperated. Moreover, upon a former occa-
asion, Austria has promised to pay the interest in Lon•
don, and afterwards made it receivable only abroad, to
the loss of the subscribers. This time, we perceive,
the dividends are payable in Paris, Frankfort, and
Vienna.

The observations which on several occasions, re-
cently, we felt it our imperative duty to make
concerning railway property have had a good
effect, and circumstauces daily occurring serve
to illustrate their force. We never sought to
bolster up prices or to stimulate a rise in good and bad
shares alike, but we did feel most intensely the evil of
excessive Bearing by people who had no stake, and who
cared not how much the real holder suffered. Strange
to say too, although shares have generally rallied on the
account day, and the race of interest for carrying them
over, that is for not insisting at once on their
delivery where purchased, has ruled lower every
fortnight, the speculators for a fall have by their
boldness intimidated a few parties to make a sacrifice,
and thus kept up their game. This day they suffer more
severely than before. Shares are exceedingly scarce in
the market, and very favourable offers are made for the
loan of them. The Midland have risen about 21. since
yesterday, making 51. withing six or seven days. Such
is the result of Bearing. At the same time we would
not prognosticate that it is at an end. The half •yearly
meetings of some of the lines will not be particularly
good, and will be better in promise than in present
results. This will encourage the gamblers, perhaps,
and parties who look very justly for 5 or 6 per cent. per
annum from railways, and no one should buy to pay
him less, if we except one or two lines that are equal in
security to Consols, will be inclined to sell. The ques-
tion we should like to have solved is whether money may
not become so abundant as to render it difficult to got
even 3 per cept. in other securities, and whether, in tbat
case, railways to pay 4 per cent. would not be sufficiently
tempting. Foreign loans are ridiculous in competition
with shares.

The English Funds are very steady, but not buoyant.
Consols 964 for Transfer, and 96i for Account.
Bank Stock is 2151 to 2161. Exchequer-bills are lower,
465. to 495. premium.
Foreign securities are dull, but firm. Spanish Five
per Cents. nominally 211 to 1. Mexican 30i to 31.
Sardinian Scrip dis. to premium.
The last week's Railway receipts ascertained up to this
day are in round figures as under:-
1851. 1850.
Great Western.... £27,542 ... £17,447
North-Western
South-Western 17,632 ... 13,025
Brighton
Midland
South-Eastern
North Stafford
Caledonian
A general rise has occurred in Shares this morning,
but especially buoyant are Great Western, North-
Western, Midland, South-Eastern, and Caledonian.

oNE CLOSI
PRICES OF BRITISII FUNDS O'CLOCK. PRICES.NG B tilts. Stock
3 pc,: Cent. Reduced Anne.
3 per Cent. Consoh Annuities 96)63/4 96%
New 3,i per Cent. Anne-
L.ong Anns. to expir.«Jan.lB6o 7% 7%
Ditto 30 years, Jan. 5, 1860. 7% 7 3-16
India Bonds, 1,0004_ ......

Ditto under 1,000 L..... ... 59 56 p
South Sea Stock
Ditto Old Annuities
Consuls for Account
le x:;hoquer Bills. l %a.
1.000/.
Sma11.

56 p
96%
96%

46 p
49 p
CLOSING
PRICES.
303/4
31
1143/4
1011 A

ONE
PRICES OF FOREIGN FUNDS. O'CLOCK.
M3xican, 5 per Ct., ex Jan. Coups 30%
Ditto, Account
Russian Bonds ...... ............
Ditto, 414 per Cent
Sardinian Bonds, 5 per Cent.
Ditto, Scrip par 14 dis. %p. par p.
Sparash h per Cent. 1840
Ditto, Passive — 6
Ditto. 3 per Cent 3BX 38%
Dividends on the above payable in London.
French Rentes, 5 per Cent —94 f. 87%c
Exchange
French Rentes, 4 per Cent
Exchange
French 3 per Cent
Exchange
Dutch 2% per Cent. 12 Guild 59%
Ditto 4 per Cent. Certificates

f. 97
93!ii