The Sun.
London, England, 1857-03-04 00:00:00

'-w'MARI~.IIII7r-

AND
COMMERCIAL INTELLIGENCE

CITY, Two O'CLOCK.
The Cotton Market at Liverpool yesterday ex-
hibited a very firm appearance, and last week's
prices were fully maintained. The sales were esti-
mated at 5,000 bales ; 500 of which were taken
by the exporters, and 1,000 by the speculators.
The Railway Share Market closed steadily, with-
out any material 'alteration in prices.
War The report
s Conap,,ny
jrast issued by the Eist Anglian Rail-
balf year shows that the traffic during the
260
'ending the 31st of December last yielded
is --si. 16s. Bd. The directors state that "the
"-eav'Sr expenditure consequent on the decay and
4PAapidations of preceding years still augments the
'working expenses of the Eastern Counties Railway
Company, and has caused them considerably to
exceed 50 per cent. on their total receipts ; conse-
quently our revenue has again been subjected to
the maximum charge under this head ; the result
is a net amount of 13,9551. ls. ld., which after
providing for the interest on the Bond Debt, and
on the A and B shares, leaves sufficient to pay 41.
.15'3. per cent. per annum on the C Stock.
A considerable degree of firmness is apparent in
the tea market, the letters just received from China
laving stimulated speculative purchases. Com-
/non. Congou is now ls. lkd. to Is. 11d., and the
tendency is still upwards.
The continental exchanges yesterday afternoon
Were very firm, and on Hamburg the quotation
Was a shade higher.
aurally
being the " fourth" of the month, there is
a very active demand in the money mar-
t, for although most persons have no doubt pre-
6
capital
their D. few, as usual, have postponed 16
Null,lr 'preparations till the last moment. st;
111 rates are, therefore, currant, and tempo- 16
i'2.!3l* the pressure is rather more severe but 3
1.4, the course of two or three days some. relief. may 20
tl7:_it Indeed there is a general impression that Ili
st.
and the rates will speedily become more abundant, , 36.
in 'Lie rates slightly decline, although no measure 20
i that direction Oil the part of the Bank authorities 10
8 Yet contemplated. The large arrivals of gold .:if.l
,"ticipated from Australia will tend to produce this, 2;
.", Awithstanding the diversion of those remittances 25
to the continent in payment of silver. It is feared st,
~that the efflux of this metal to China and India 10
,vin continue, and no sooner is the shipment to- 10
ear
r completed than arrangements are commenced
IR.
been
the next mail, a sum of 25,0001. in gold having
fit'
!
withdrawn from the Bank yesterday for tram-
50 I
mission to the continent. There is a small supply of
25
4 21 1
ilrerbytheMe.xicansteamer,viz.,s972,9ss,orabout 1(
194,5911., but this is a very unimportant addition 0
~.,,r1 the Stock of that metal available for exportation. 20
The t •
:rali, ex onsive remittances now en route from Am-
Cra will Prevent these specie operations causing St.
~toaierial diminution in the Bank's stock of a)
c4'lo/1, although a small amount may occasionally 'il,‘.:
2 sent away, and with a knowledge of this fact "
any Movement of the kind will not create uneasi- St.
neass
St.
value °f. d2feat has naturally affected the
25tt.
pe;tie of the Engli"ili Funds, and a decline of f to i
o,,tiizl has taken place. There has not been much 56
itz, however, as the settlement of the account st
'us zinyr ~.,
tile— .44 Progress, but the jobbers have availed st.
1,4;1-Leaves of the opportunityafforded by the majo- 10
for agi,tainmt Ministers to depress the market. Consols
20
....A.prif"°37 have been 938 1, and 931 -,31, while the 20 '-vhe zrprioets have been 94i ', and 94 to 94i. 10
Vat Red 3 Per Cents. are marked Mto 941, and St.
Tricii4 d'-need 931 to 94. Bank Stock is 220, and
to 28 s'itt°' 233. Exchequer Bills were 2s. discount zu
10
p • PreMium.
Orel
St.
Ttiosis,ell Securities are generally very dull. st.
97 t, "`„6 Per Cents, have declined to 97+ i and St.
Ittexi "- Russian 5 per Cents. are 1071, and 1.c.)
ite,..,, cat have risen to 221 i, as the advises from a'.
a/7.43';° state that a loan of 13,000,000 dollars 10
be IDr,,in-
g negotiated, one half of which would st.
Isla alinlied to the liquidation of English Bond- E
re claims:
Th
20
° cuatorian Commission of Agency have this „
aay •
received a further remittance of 2,6831. 9s. 3d. v
ot,
The of Ecuador dividends.
25
, J:he following are the nominal prices of Foreign. isn'ocks :---Grenada Deferred Bonds, 6' 7 ; Meat- St.
0-74, 22i IT; Peruvian, 41 per Cents., 79 81 ; St.
25
ditto
Three per Cents., 55 57 ; Portuguese 3 per 20
11, Its., 44 46 ; Russian 5 per Cents., 107 109 ; do. 20
. per Cents., 97 99 ; Spanish 3 per Cents., 401 I; 50
61
ttto New
Passive,'Deferred 24 Ditto Certificates, 20
' i ; Ditto 5i 6. 10
There has the e been an active business transacted in OB
al,ll.ailw 5
ay Share Market, but p 5
rites have in
004`a:: •
instances shown a decided downward ten- 20
Great Northern, Brighton, North- ao P.olio,n) .'and- York, declined ss. ; Caledonian, 20
We;s4.-°lrgh, Perth, and Dundee, 10s. ; Great 11_0.
F,a,i'ln, North Western, Midland, North
teBteerli) and Berwick, 15s. ; and Oxford, Wor- iiii-
1/, I'l,, and Wolverhampton, and South Eastern, 18
France-lastern of France declined 15s. ; Central of
Tx., Os. 'Northern of France, 1/, ;and Grand 18
tirk 0,.,
20i,
1%414 kanada, 1/.
100
tecin g Shares have been inactive, at rather /0,0
ed. rates.int-s
decif 4 took Bank Shares have shown a slight 100
OttoThe' L
~London and Westminster receded 10s., 20
--`.1.1 45 klO Union of Australia, 10s.
In v, an s., and
been 'e Miscellaneous undertakings there has 20
20
20
N'erY
and 0 , little business transacted. Peninsular 17i
ttea riental Steam improved 10s.
In d • , and Royal Mail 20
eellned 108. St.

Eta (1,13E1 ktr ---------
IsTDs THIS DAY AT ONE O'CLOCK.
(From the o.olacti List.)
t4llk St
i,nginesbdono
; per tjeo_ek. ! 220
a per , 41,• Reduced Annuities 931 4
li*Ze-w 3"1It• Consols Annaitiov 931
b y,,,,, .., Per Cent. Annuities
94 f
1,04--, uout. A .
.
nunities. 1134
In 'kg
Aruluit.
_ cicii3 84._ , les, expire sth Jan. 1860 2
_l_s-16
olit,oe4s .......... .................... ..
, tide. tinder 1000 .........
'.....
' ..
3 d
~...s for A_
r Aeh" no csotint ....................
X5OO ............ .... ....... . ...............
Ti„ ....
bi—tt"tolAdvertis'e"ci
1)14° Boucls 2 d 6
I,tti o, 1859 , 1858, 3i per Cont 984
. 98:c
kexiee4B3Ope-Pr ikiit..E.TG..:l4..F. ............ FUNDS AT 021 E O'CLOCK b_bitto A.eco Cent
~,ltisial, unt
ctirkkh ',ands, 1822, I: St., 5 per Cent lo7i
-Ditto -B°en,lB, 6 per cent 9
-4 01114
....... . ..". .. . ..
Dividends on the shove . pa;able in. Lemur,.
TWO O'CLOCK.
Consols. done
93ii
1)i tt o A eeZunt - ......................
• :
Ditto April A.ee.0.;u1..t........................
3'''
...
.711-

ILITARY RESOURCES OF PERSIA.

i'lln, the military strength of Persia does not consist in the
aber or efficiency of the regular army, and when it
...4 said that the King, when he takes the field, makes
nl a force of a hundred thousand fighttng men, it must
ue understood that this is only done by taxing all his
resources, regular and irregular. If we except the Rus-
i
alaB serving in the Persian army, and who have been
eheouraged by the Russian authorities to desert for that
4te th
Pctpose, the most efficient troops at the Shah's disposal
fur levies of the tribes, which they are bound to
•etlrnish when called upon. These consist almost entirely
"t t•becavalry. The military tribes of Persia, in many marked
aPeets, differ materially from the other inhabitants of
4--ersia, and are distinguished for their hardy, generous,
liOd
h courageous natures. From the vice of the rest of
the Population—their inveterate habit of lying—
tb 3' are comparatively free. But, on the other hand,
4131)5' are excessively proud, and not a little ungovern-
e. Under the influence of passion they will not even
spare the monarch himself ; and so well is their cha-
racter understood that the utmost intemperance of lan-
gil,ralioe isahhaahr,dly ever punished...
8. army is divided into different bodies, of
perms
Whinh the principle are—his persona guards, .
lieutly
embodied Corps not exceeding, sometimes not amounting to, 5,000 rnen the troops of Adjerbijan and
lif Erivan which number ;from 30,000 to 40,000 ; the
levies of the tribes; a militia of foot soldiers, badly equip-
015Y1 and not to be depended upon. The titles of some
t the battalions are expressive of their supposed good
gualities, such as the Surbaz (the Resolute), and the
Jon_baz (Despisers of Life). It may in a great measure
''' owing to the corruption in the Government, and
to the maladministration of affairs, that the Persian
troops are not efficient in the
la of the Persian generally display eld. For the character
s many
Which constitute the soldier. They are active, robust,
of the virtues
and quick of apprehension. They are brave, too • and
have, when well leJ, displayed a high degree of va'laur.
but this has depended always ou the character of their
leaders and the nature of the objects for which the have
fought. The influence of their clties is excessively de-
praving from its indolence and luxuriousness ; and it has
been remarked that when the chiefs of the military
tribes have been for any length of time exposed to it
they have exchanged their estimable characteristics for
the lying and insidiousness which are the prominent
features of the citizen. It is a curious circumstance,
as showing how absurd is the idea that virtue is inherent
in race, that the ancient Persians taught their children
the most scrupulous reverence for truth, whereas their
descendants adopt the very opposite rule, and the most
dexterous prevaricator is the best man.—Morning Ad.
Vertiser.

MSTATE or TRADE.—MANCHESTER, Tuesday....—There
is scarcely any perceptible change in this market.
Prices remain firm, and whatever business may be done
is at hill rates- Nothwithstanding this, the bias of the
market is rather against sellers. There is more inquiry
for light cloths, and manufacturers ask to obtain a slight
advance,