The Sun.
London, England, 1856-10-03 00:00:00

COMMERCIAL INTELLIGENCP

CITY, Two O'CLOCK.
The Liverpool Cotton Market yesterday closed
quietly, but prices were firm. The sales amounted
to 7,000 bales, of which about 500 were on specu-
lation. The Railway Share Market closed steadily,
with little variation.
Accounts from the French grain markets report
firmness in the prices of wheat, and an improve-
ment in the amount of business transacted. In
rye, however, there has been a sudden suspension
of sales, in consequence of a rumour being circu-
lated that the authorities were projecting a mea-
sure prohibiting the sale of rye which exhibited the
appearance of the ergot disease, as it was known to
be commo amongst the crops this year. Accounts
from Marseilles announce continued arrivals of grain
at that port. The quantity imported during Sep-
tember was 1,000,000 hectolitres, and 3,200,000 do.
during the quarter. The market, up to the Ist inst.,
continued quiet ; aid although the arrivals were
important, still very little of the grain was bought
for the interior. The purchases for Lyons were
for the time diminishing when the wheats of
Dauphiny were in demand. Spain, which has
sent largely to the Marseilles market for a long
time past, has recently been very limited in her
supplies, and accounts from that country state that
there is a good market at home this season for all
the produce. The imports from Taganrog, Ber-
diansk, and Marianopol are not so extensive as
they were, and it is reported that the supplies at
these shipping ports are not arriving so abundantly
from the interior.
In the Colonial Produce Markets this week a
moderate business has been transacted at firm
prices, but there has been an absence of activity.
For sugar a good demand has existed, but pur-
chases have been checked by the high prices de-
manded. Some descriptions of Bengal have been
old at a slight advance. Coffee was rather cheaper
early in the week, but it has since realised full
rates. Tea has ruled dull, and cocoa is 2s. to 3s.
per cwt. dearer. Rice has been held firmly, and a
steady inquiry has prevailed. Saltpetre has been
in brisk demand at full rates to Gd. per cwt. ad-
vance. Indigo rose 3d. to Gd. per lb. yesterday
afternoon, owing to the advices from India that
the crop was not expected to exceed 100,000
maunds. Spices have been quiet, but nutmegs
have been at a slight enhancement. Tallow has
been dull.
There is now an easier feeling in the Money
Market, although a good demand still exists for
money, owing to the large amount of commercial
bills falling due to-morrow, the 4th of the month.
Money in Lombard-street is now obtainable
at a trifle below the quotation of the Bank, so
that the applications for discounts at that establish-
ment are consequently limited.
The Pera, which leaves Southampton to-morrow
for the East Indies and China, has about 778,700/.
in specie on board.
A firm engaged in the rice trade has failed this
morning. The liabilities are supposed to be very
heavy.

The improvement of 11 per cent. on the Paris
Bourse yesterday, and the prospects of a diminution
n the demand for silver, have operated favourably on
the market for Public Securities, and a large business
has been done, at enhaxced rates. Consols opened
at 93 to 93f for money and the Bth inst., then
touched 93i and are now about 93 to 931. For
the November account the quotation is 931- Ex-
chequer Bills are 7s. to lls. premium ; and the
Bonds are 99 to 99g. East India Bonds have been
90 to 99i.
The Foreign Market is exceedingly dull, but
most of the securities dealt in are at enhanced
rates. Turkish 6 per Cents, are 100 to 1001, and
the 4 per Cents. 101. French 3 per Cents, are 2
prem., and Dutch 24 per Cents. 641.
Messrs. D. Bell, Son, and Co. report the market
for American Securities during the past week as
dull. Transactions in State Bonds have been few ;
and the chief business in railway bonds and shares
has been in those of the Illinois Central. The fol-
lowing are tko quotations :

Redeemable. Per Cent.
United States 6 per Cants. 1867-1868...104a 105 a
United States 6 per Cent. Bonds 1861...104 105 i

STITH SECURITIES.
Alabama 5 per Cent Bl 83
Kentucky 6 per Cent. Bonds 186 S-1872.::
Maryland 5 per Cent. (Sterling Bonds)... 92 93
Massachusetts 5 per Cent. (Sterl. Bonds). ...100 101
Mississippi 6 per Cent. Pl. Bk.
Bonds 1841_480.."
1540 42
Mississippi 6 per Cent. Union Bk Bonds
74
76
Pennsylvania 5 per Cent. Stook
Pennsylvania 5 per Cent. Bonds 1877..• 80
Tennesse 6 per Cent. Bonds. 84 86
Virginia 6 per Cent. Bonds
1886... 82 84
LOANS .
Montreal 6 per Cent. Bonds OF CITIES
1856-1865... 83 85
RAILROAD BONDS.
Illinois Central 7 per Cent. let Mortgage,
1875". 80i 81i
not vertile
IllinoiCs C onentralb 6 per Cent 1875... 78 80
Illinois Central 7 per Cent. Freeland
Bonds
N 93
Illinois Central (Shares), $25 paid 1860...
10 12 p
Michgan Central Bp. Cent., Convert 1860... 90 91
Do do. do.
New York Central 7p. Cent., Convert 1864... 92 93
Nero York Central 6 per Cent., not
Convertible 1883... 80 82
New York and Erie 7 per Cent. let Mort-
gag©
1867... 98 100
New York and Erie 7 per Cent. 3d Mort-
gage
~
1883.- 85 87
York and Erie 7p. Cent. Convertible 1862... 82 84
N. York and Erie 7 per Cent. Sinking
Fund
Panama 7 per Cent., let Mortgage (Ster-
-1875... 82 84
ling Bonds), not convertible ............
Panama 7 per Cent., let Mort g age 1859._ 91
1864... 92 94
The i 93i
Pennsylvania Central 6
p. Cent., Ist Mort.lBBo.. • 88i 89i
Euphrates Valley Railway Company have
received intelligence from Constantinople that it
is expected the Sublime Porte will guarantee 6 per
cent. on the capital of 8,000,000/, for the construc-
tion of the line from the Mediterranean Sea to the
Persian Gulf.
Railway shares all considerably advanced in the
early part of the day, but they are now rather
flatter ; they are still, however, on the average,
103. to 11. better. Great Northern A. stock has
risen 1/. to 21., and the Foreign and Colonial mar-
ket continues dull. The shares of the Ceylon Com-
pany have improved to 14 premium, orrlng to the
terms proposed for the construction of the line hav-
ing passed the Legislative Council.
Foreign and Colonial Mining Shares are inactive,
and prices are nominal.
Joint Stock Bank Shares are neglected. Bank
of London advanced to 624
London were quoted 26., 63, and Union of
In Miscellaneous Shares the principal feature
has been a rise of 10 per cent. in Canada Land
Shares, which are now quoted 116 to 117. The
Canada Government 6 per Cents. are 112, General
Screw Steam 12k, and Loudon Omnibus Com-
pany 3i.

BRITISH FUNDS THIS DAY.—CLOSING PRICES.
( From the Official Lid;

Itt 'inn. . erne.
3 per Cont. Consols Annuitieg (13i 3} 24 3
India Bonds, £lOOO .........- '''''''''''' 1.... 13
Ditto, under £lOOO
Rank Stock for Account 219
934 i 3 2
Consois (or Account
Es .hequer Bills, 20.
' 7 11 p
£lOOO ............ ......
E5OO .........................................
13 s p
limall ...........
Ditto Bonds, 1858, 34 per Cent. 99 1 Ditto, 1859 .................. ..
HIS PAY.
PRICES OF •
FOREIGN FUNDS T ' 101
100 ?.,
Brazilian Bonds, 5 per Cent kexicau 3 per Cent
..........
titan
Account .. ..........
Russian Bonds, 1822, £ St., 5 per Cont.., —
Dittoitto 4i per Cent. ..... .
S
PanisD Small
t Bonds, 3 per Cent ...
I)itto Account
Ditto Now Deferred, 3 per Cent.
Ditto Passive
64
Wurkieh Bonds, 6 ...
Cir...c.Ont.
; on
Ditto A.ceouut P . .•
• ..
1001 100 ~
I)itto Guaranteed ~..P;rCont.
bilk) Account
.......
1 , Divloendi. on the above payab!e in
London 101.
keneti Rentes, 44 per Copt.
..........
Dit
Ditto 3 per Cent
........
to Scrip, 2d Loan of 1855 .......... 2 p
aintell Exchange, 2L per Cen.;., 12 Guilders 611
Cculsols,
THREE O'CLOCK.
money
92
Ditto, account, October 8

ft- esterday information was transmitted to the coroner's
tre
thicee4 of the di,covery of the lifeless body of a child,
ti was found buried in a dust heap, at 4, Stanley-
...Nue:4°o4:lBoa ; having, as it is conjectured, been brutally

SIR C. NAPIEI AND THE TIMES."

TA THE EDITOR OF THE SUN.
Mr. Editor,—l send you the eopy of a letter I
have addressed to the Editor of the 'Times; you
will oblige me by inserting it in your valuably,
journal.—l remain, your obedient servant,
Murchistown, Oct. 1, 1856. CHAs. NAPIER.

TO THIS EDITOR OF THE TIMES.
Mr. Editor,--If your Special Correspondent had taken
the trouble to examine the chart of Cronstadt, which a
sensible and honest man ought to have done before he
attacked me, he would have seen that the north of Cron-
stadt could only be approached by gun and mortar boats
with a light draught of water, not one of which I had.
He would also have seen that the passage to the north
(which was never navigable for large ships) was protect-
ed by a barrier, supported by 8 or 10 block ships, up-
wards of 100 gun-boats, several stearnerP, and the boats
of 20 rail of the line.

Your Special Correspondent says—" The Russians
were perfectly aware that the northern side could be
forced, and that it was quite possible for a determined
enemy to run past the forts, most of which were con-
structed in arcs of spheres, having their maximum
amount of guns available for an enemy passing their
right flank."

Now, Mr. Editor, the Russians knew perfectly well
that the passage to the north was not practicable for
large ships, and there were no batteries constructed in
arcs of spheres. To the north it was barred, as I have
already described, and only could have been attacked by
gun and mortar boats of light draught of water ; and
this I stated to the Admiralty in 1854, and was compli•
mented on what they were pleased to term my very able
report.

In 1855, when Admiral Dundas appeared off, they
had in the winter of 1854-5 constructed another barrier
outside of the shoal water, to further protect the north ;
and though he found a passage through the piles in his
gig, he did not venture to attack the north of Cronstadt
with the gun-boats he had at his disposal. Why he
was not furnished with more, the Admiralty can best
answer ; they had a year for consideration.
In 1856, when I wasat Cronstadt, they had constructed
a third barrier right across, protected by five batteries,
which rendered all attack o❑ the north impossible.
Had the Admiralty, in the autumn of 1853, well ex-
amined the north of Cronstadt, they would have known
that gun and mortar boats were the only means of
attacking it with success ; and if I could make such a
report from a reconnaissance from the sea in 1854, a
much better one might have been made from the north
wall in 1853.
You have done everything in your power, Mr. Editor,
since the 4th of October, 1854 (the day on which the
hoax of Sebastopol arrived in England), to ruin my re-
putation ; but I think you have failed, and your Special
Correspondent has put you deeper in the mire.
I remain, your obedient servant,
Merchistown, Oct. 1, 1856. CHA3. NAPIER.