The Sun.
London, England, 1856-08-04 00:00:00

TIE NEW SPECULATIONS.

A ream& on the 30th of June showed the total capi-
tal nominally required for the new schemes introduced
during the half year to be 23,490,0001. Of this about
11,000,0001. was the amount estimated as having been
promised to foreign countries, while of the remainder
only a small proportion was pledged to undertakings of
a description to withdraw serious sums from the ordi-
nary channels of employment. The prospect, although
not calculated to awaken anxiety, was such as to stimu.
late caution. Nevertheless, although the public are dis-
posed probably to infer that this fact and the dulness of
the money-market during the subsequent period have
led to an abatement of the ardour of projectors, such
has not been the case. Their demands have steadily in-
creased, and if any effect has been produced by the less
buoyant state of prices it has simply been to prevent this
increase assuming still more objectionable dimensions.
The subscriptions invited from January to June ave-
raged 3,900,0001. per Imontli, and in July they have
reached 5,370,0001. Annexed is the list :

etropolitan Railroad 1a
,000,000
New Brunswick and Canada Land and Railway 220,000
Calcutta and South-Eastern
St. James' Hall 40,000
Sittingbourne and Sheerness Railway..,,,, BO.OOO
Central Italian Copper Mining Company
Forest of Dean Railway
London and West of Ireland Fishing and Fishl
Manure Company
Patent Woollen Fabric Company
London Cork Company
Latin (Nassau) Iron Company
Copispo Extension (Chili)
Detroit and Milwakee Bonds
United Kingdom Provision Company
European and Indian Junction Telegraph
Hungarian Land
South-Western Hotel Company
Metropolitan Bath Company
Bristol, South Wales, and Southampton Union
Railway
Madras Extension l,OOO 000
An additionally unfavourable feature connected with
the above is, that the foreign proportion presents rela-
tively a large augmentation. Of the total of 5,370,0001.,
3,125,0001., or considerably more than half, is destined
to be drained from us to quarters whence a reflux will
be very distant. 2,000,000/, is intended for India, al-
though the requirements for that country have for erre•
ral years past produced a chronic pressure on the money
market, which most injuriously affected our resources
during the war, and the amount remaining to be; sat .
thither was still inconveniently large. 470,000/
raised for Canada and Western America, apart from a
further large sum understood to have been privately nes
vitiated on the bonds of a railway in the repudiating
State of Michigan ; 180,0001. is for Chili'; 190,000/, for
mines in Italy and Germany ; 85,0001. fQr a land project
in Hungary, and 200,000/, for a telegraphic communica-
tion with the East. Whether undertakings such as these
can be entered upon safely at the rate at which they
thus promise to be multiplied any person can judge
who will avail himself even of the experience of what is
now passing in Paris. A large majority -of 'theta are
sound, and such as would he desirable if there were a
prospect of an early pause in the number to be intro-
duced. But on this point there is little hope. It is
certain that cue or more important railway lines are
about to be brought forward under attractive con-
cessions from the Turkish Governnierit, and that
Russia is deliberating on a comprehensive plan to
obtain from the cap; talists of England and France the
means to prevent, by a net-work of internal 'commu-
nications, a repetition of her recent failure. The first
will be recommended by their commercial and political
characteristics, and the latter by the existing prices of
Russian securities, and as the guarantees in -each case
will, of course, tie calculated to meet the condition of
the money-market for the time, there can be little doubt
as to their reception. Once commenced, with the pre-
sent facilities fur railway construction, they, nre sure to
proceed with rapidity, and, although owing to the cti-
vity of her trading relations with England, the expels,
diture in the case of Turkey would be likely to flew back
freely, in Russia it would probably be hoarded with al-
most as much tenacity as in India. Under these cir-
cumstances, it is for the public to consider whether they
should exercise for the moment a discriminating reserve.
At all events, they should bear in mind, before taking
every American or other debenture that may be offered.
that the agents in the transaction are paid a large per-
centage for recommending them, and also that with re•
gard to undertakings announced on the Stock Exchange
the fact of their Leing quoted at a premium before the
day of issue does not, except in large and unquestionable
instances, afford the slightest proof of the value at
which they will really stand.—Tintes' City Article,

50,000
100,000
50,000
70,000
180,000
250,0 0
500,000
200,020
85,000
50,000
10,000

The shipments of specie by the Peninsular and Orien-
tal steamer Ava amount to 675,400/ , of which 662,1001.
is silver for Bombay, Madras, Calcutta, Penang, Singa-
pore, Hot, Kong, Canton, and Shanghai, and 13,3001.
gold for Ceylon, Madras, Calcutta, Singapore, Hong
Kong, and Alexandria.
ROBBERY OF WATCHES AT RIPON.--Two men were
apprehended at Harewood Tellbar last evening (Friday)
by Mr. Pollard, superintendent constable for the West
Riding, and brought before the Rev. J. A. Rhodes and
G. S. Beecroft, Esq., West Riding magistrates, this
morning, at the Leeds Court-house. The prisoners'
names are Tom Lassy, alias Hoyle, alias "Carly Tom,"
and Tom Smith. Mr. Pollard stated that at half•past
ten on the previous morning, he saw the prisoners driv-
ing in the direction of Harewood. Having quickly fol-
lowed them and lain in wait for six hours, they were
captured. Thirty-five silver•watehes and one gold watch,
with guards and seals ,attached, were found in the
vehicle, enclosed in a leathern bag. The prisoners were
roolildin zeon h,oa sunpoedrionotbentdthenatt
the of
pro-
pertyt the
Ripon searched, and on Lassy were found some housebreaking
implements.
0
which had been stolen from Mr. Blake-
borough's shop on Wednesday morning last. Limy
declared that he had nothing to do with the robbery, and
Smith also supported that 'statement. Both prisoners
were then remanded till Tuesday next. —Leeds Mercu y.
[ADVERTISEMENT.]—A Lieutenant of Dragoons cured
by Hollowa'y's Ointment and Pills.—This officer, who
was in the Dutch army, states that Holloway's Pills
and Ointment have cared him of rheumatism which ap-
peared to be incurable, as neither sea bathing, vapour
baths, nor preparations vaunted as sure remedies did
him any good, and the treatment of the doctor, after
several months' trial, was without success. At this
juncture he commenced taking these pills, and rubbing
the ointment into the complaining parts twice a day,
which effectually cured him in the caurse of six weeks.
The truth of this statement can be vouched for by Mr.
J. B. Stratman, of Bois-le•Duo. —Sold by all medicine
vendors throughout the world ; at Professor Holloway's
Establishments, 244, Strand, London, and SO, Maiden•
lane, New York ; by A. Stampa,_ Constantinople ;
A. Guidloy, Smyrna; and Z. Muir, Malta. •