The Sun.
London, England, 1860-10-08 00:00:00

AMERICAN COMMERCE.

The American advices on Saturday describe a
continuance of the upward movement in speculative
shares, which has now gone on almost uninter-
ruptedly for more than two months. In the grain-
market there was intense anxiety for the news by
each steamer regarding the weather in England,
and the latest reports having announced a cessation
of rain a reduction in prices was daily taking place,
which, however, will have since been counteracted
by the remarkable renewal of firmness on the Lon-
don Corn Exchange. The arrivals from the in-
terior were extremely large, and the reports from
each locality indicates that the quantity available for
export has been in no degree exaggerated. At Chi-
cago alone, from the Ist of January to the middle
of September, the receipts of flour and grain
had been 3,000,000 qrs. against 1,700,000 up
to the same date of last year. In the money-market
there was no alteration. A New York 6 per cent.
City Loan for £600,000, for the reduction of the
floating debt of the corporation, had been adjudi-
cated at an average price of 102, the bills ranging
from par to 103. As the Five per Cents. of the
City of Boston command a higher price' han was
obtained for these Six per Cents., the result 'was
considered to afford a fresh proof of the discredit
caused by the constant revelations of corporate
peculation and corruption in New York, and "the
almost criminal indifference of the people" with
respect to it. The New York authorities and people
however, may be proud of their civic position com-
pared with that of Pittsburg, in Pennsylvania—the
Birmingham of America, where repudiation is car-
ried even to the extent of defying the highest law
courts, and setting at naught their judgments. An
invitation from Pittsburgh having been sent to the
ywm protested
vtse ofr
Vera
Prince of Wales, the New York Herald recommends
that " as each American city will present the Prince
with some characteristic memento of his visit, she
should tender
m hisAlae
attempts
Royalcmoptthe s
t o evadeHlai
tgehstn date
Highness
eaa
coupon, with a fac-simile of the dishonest plea by
whichdebts.
,tthhe'l cityF now
2d of September. Miramon' with 7,600
men was preparing to defend himself in the city of
Mexico against his opponents outside, who are
alleged to number 20,000,
np
7,ivt e
forced
r on the
cedloanBt,hb.ut and the attack was ex-
Aolnirtahmon was
isoccasioanbsoeuetmetdo lteov yb ae
afraid to renew his applications by including the
foreign residents. The intelligence of the execution
of Walker and his lieutenant in Honduras has
drawn forth very satisfactory comments from the
New York press. The New York Times points out
that he owed his fate to the inefficiency of the
American Government in enforcing the United
States' laws, and to the connivance of his sup-
porters in the South. "If Southern juries," it is
observed, " had done their duty, and published his
violations of international law and of our own
statutes, he could never have renewed the career
1 which has had so disastrous an end."

THE APPLICATION of THE ELECTRIC LIGHT l'Olt
SIGNALLING AT SEA.—The application of the electric light
tdoe
yt 11, ewphue
nr p
tohs
ee ocf so ingfinot ioeft Devonport Harbour at half-
nl Was practically tested on Thurs-
past 7 p.m., and steamed into the offing displaying the
electric light (invented by Professor Way, and superior to
any yet produced) until 9 o'clock. At a distance of 13 miles
of
a signalising
similar prin-
ciple by
it shone brilliantly,. emitting a concentrated light of an
and negative signals. The trial on
evening did not extend to the use of the signalq,
intenselyt hi s l
it
light
htthiast
10
J brightyf
p longbluishosit
ive
and hue.short
os system ,
uponf
Thursday
but merely to the display of the light. A further trial was
signalisingtobe
made on Friday evening, when signals were continued for
several hours between the Confiance (at the east end of
the hreakw.Ater), and the semaphore, Mount Wise, with
soaftisftahcotionlootr'ileleligphltan
seems
means very
y
simple, although it appears improbable that it can be
worked with regularity but by scientific men. For ' instance,
two short flashes and two long ones d
much
denote seven, represent-
ing the letter C, and so on, until the words signalled are
formed. The light has been worked by Mr. Evans, ana-
lytical chemist, of London. The Professor and his
flag atten-
dant, Captain Ross, Lieut. Columb, lieutenant of the
Dockyard ; Brigade-Major Kirk, and.
several
military officers besides have been iitto navalwatch
signals, which were continued until anple earlyse hour on the
Satur-
day morning.
Cricketing is over for the season, and the Eleven
seem to have no notion of a tri •
p to Australia to fill up the
recess. The head averages of •
county matches are— Caffyn, nineteen and two over, and
C. G. Lane, Esq., seventeen and nine Out
over. of the ten
matches played between
Surrey
and Nottingham, each has
won Ave.