The Sun.
London, England, 1857-11-23 00:00:00

THE CAUCASUS.

The Caucasus, a Russian journal, gives the fol-
lowing account of the operations of the Russians in
the Caucasus in September :
" On the right flank of the military line of the
Caucasus, the construction of the extensive fortifica-
tionsof Maikop andAtakoum was being terminated.
The mountaineers, finding their attempts to pre-
vent the building of the forts vain, had ceased to
make demonstrations against the Russians employed
in it. Intestine conflicts between the various
Tcherkess tribes were continuing with great ani-
mosity. On the left flank, the Russians had made
some successful incursions amoag the neighbouring
tribes which are not subjected. In the Caspian dis-
tricts the position of Schamyl was becoming more
and more precarious, and, not beingtable to_ar,o
main-
tain himself in the Salatav, he had retiredhto_Daiat
•
sn 6a v
The greater part of the inhabitants of. t
discontented with the wretched position inwhich
usaian
Schamyl had left them bad recogniseddone so were,
authority. Amongst those whoh hadßussians, one of
it is said, to the surprise of
ft
Schamyl—the Naib
the most intimate friends o
It is added that the
Djamal and some of his swill..
ad created a great im-
example of this persona
pression in the country;,gaend it was being more or
less followed every day.

AUSTRIA.
VIENNA, Nov. 18. —The Austrian commercial
world is in great distress, and several respect-
able firms would probably have fallen had they
not been propped. The. prices of raw produce
and money is so scarce that manufdc-
decline daily,
tured goods find but few wholesale purchasers. The
subjoined extract, which is from the Oest Deutsche
SPuost, shows that there is a commercial as well as a
monetary crisis here :
« Half the wool which was sent to the last Pesth fair
remained unsold, and there was little or no demand for
mandactured and half-manufactured twist, yarn, &c.,
goods. The maunfactursr, who for some film)
hi,-;oods liecau3e is had not, c.nfiduleo in ,he persons
110 Cc sees his magazines over-
t who witled to purchase,
stocked with things which he cannot sell at any price.
The only consolation is, that as soon as the present
stagnation is over, there will, as a matter of
course, be an unusually great demand for all kinds of

manufactured goods. The best possible proc.! that
commerce is at a standstill is, that the bill portfolio Jf
the Bank is not so large by 6,000,000 H. as it was in the
month of October."
The Austrian Bank has lent 1,000, 000 fl. for three
months to the Trieste Bourse Deputation, which will
employ it in discounting local bills of exchange.
We learn from Prague that large quantities of silver
have during the last few days been exported into
Germany, and it appears very natural that such
should be the case. As long as the rate of discount
of the Austrian Bank is 3 and 4 per cent. lower
than that of other countries it will pay well to
export silver, and the fact must be perfectly well
known to those persons who a few days since
counselled the Minister of Finances to leave the
rate of discount at 6 per cent. A financier re-
lates that M. Pereira, of Paris, has written to one
of his correspondents in this city that the French
Bank would like to borrow a certain sum from the
Austrian National Bank, which, as you are aware,
now has very nearly 10,000,0001. in silver itt its
cellars. That the Imperial Government is not
likely to authorise the Austrian Bank to lend money
to its French contemporary need hardly be said.
If the information be correct, M. Pereire's letter be-
gins—" Who would have thought that France
would ask Austria, &c.