The Sun.
London, England, 1857-12-23 00:00:00

he 'has atLekod the Uodta Iticat.3 :eG Castillo Aim can
1 Carlos. It was stated on good authority that Walker
I had a perfect understanding, before leaving, with Pre-
sident Martinez, of Nicaragua, and that the latter
invited him back. Also that Senor Yrissarri, tae
Nicaraguan Minister, was in communication with him
indirectly, and made the new treaty with our Go-
vernment, with his knowledge of its purport. His
forces will be larger than has been supposed, as other
parties have left this country to join him in Nicaragua,
where he will probably muster at once about 1,000
men. Besides this, a clipper, loaded with arms and
munitions of war, left New York some time ago to
meet him at an appointed rendezvous. Senors Molina
and Escalante are also waiting with anxiety to bear
from Walker, as they can do nothing here under the
present state of things. They think that Yrissarri has
been in communication with Walker for a long time,
and that the Administration, as well as Costa Rica,
has been deceived as to the true position- of the
parties."
The New York Times of the 10th inst. says
" The meagre list of stock tales at the early board
this forenoon denotes the dulness with which the business
of the day opened. The same feeling—corresponding
very nearly with the disagreeable character of the weather
—continued throughout the dealings. Prices yielded 11
to 4 per cent, from the sales of Tuesday on the list
generally, and as much as 2 to 3 per cent. on Illinois
Central shares, which went down to 86 per cent. After
the close of the printed list the disposition of the general
market was to rather better rates, particularly on New
York Central, which, after selling down to 73f, seller 10
days, closed 741 to 4 cash ; Erie, 161 per cent.; Panama,
92 per cent.; and Reading, 52. At the annual election
of directors for the New York Central at Albany to-day
Mr. John David Wolfe, of,this city, was substituted for
Mr. E. G. Faile, who declined serving another term.
The selection is one that will prove satisfactory to the
great body of the stockholders. Mr. Isaac Townshend,
the other city director last year, is retained. Several
changes are made in the country directors. In the
money-market the demand for bullion continua active,
and some considerable parcels have been put up for the
Kangaroo, for Liverpool, to-morrow, and the Fulton, for
Southampton and Havre on Saturday. The two vessels
will take out something like 750,000 dols. The shipment
by the Africa to-day is 1,691;389 dole. The whole
movement from New York direct for December, as in-
timated a few days ago, will probably reach 8,000,000
dols., or about 6,000,000 dole. after the Atlantic ship-
went on Saturday last. That shipment about squared
the late receipts at this port from England, and we are
now in a fair way of sending as much more. The ship-
ments may well be spared at the present time from this
side, and will afford an acceptable proof on the other
side that the debt-paying disposition and ability of the
country are rapidly recovering from the recent blow to
commercial confidence. A few packets more, it is
believed, will set the exchanges all right, and add to the
export movement of the great stapiseof grain and cotton
—bills against which are now suffering from the tracer•
tainty of the English markets, and the consequent dis-
trust in prices and credits. 'The discountsbrokers are
having a little more to do. There is some new paper mak-
ing outside the dates usually taken at Bank. The terms
range from 7to 12 per cent. At Bank there is still a
scarcity of prime short paper. A number of the banks
passed up their Country Currency Six per Cent. Certi-
ficates to their discount line last week, which was 01°
principal cause of the moderate increase in the aggre-
gate return. But even these certificates are rapidly
melting away. When the country circulation Wall
assorted at the close of November the amount repre-
sented was 7,940,000 dole. This sum total fell to
6,500,000 dols. before the 6 per cent, interest attached,
and it is now below 5,000,090 dole. The Metropolitan
Bank Directors have called in the remaining instalment
on their new stock. The Bank of New York will make
no furthur call at present. The receiver of the Mechanics
Ranking Association will in a few days pay off the
remainink 50 per cent, due to the creditors of the con-
cern."
The Haarlem Railroad had issued proposals for a
new loan of 75,000 dole.
At a meeting of the Associated Banks held on
the evening of the 9th a resolution was offered
"that after the 12th inst. all balances at the clear-
ing-house should be paid in specie," which resolu-
tion, if adopted, would essentially have been a re-
sumption of specie payments. The banks voting
in favour of the resolution were :—Commerce,
America, Manhattan, Merchants', American Ex-
change, Phenix, National, Fulton, Chemical,
Greenwich, Leather Manufacturer's, Broadway,
Mercantile, Irving-14. And those voting against
it were :—Mechanics', Union, City, State, Re-
public, Metropolitan, Continental, Tradesmen's,
Merchants' Exchange, Ocean, Butchers' and Dro-
vers', Chatham, People's, Hanover, Citizens',
Nassau, Market, St. Nicholas, Corn Exchange,
Park, Common wealth, Oriental, Marine, Atlantic
—24. The other city banks were not represented
at the meeting.
The New York Courier and Enquirer says,—.
" The rates of exchange on England are such as to
forbid the shipment of coin if confidence were reinstated
as to the character of bill drawers, but there is a tem. •
porary suspension of confidence to such an extent that
coin and bullion are preferred by some as remittances.
This, unfortunately, has a severe effect upon the prices
of cotton and other produce at home, and some weeks
must elapse before a proper level is restored. The ship-
ment of gold to-day by the Cunard steamer Africa, for
Liverpool, was 1,691,509 dole. The balance of indebted-
ness to Europe is yet very large, and will require fur-
ther export of coin for its liquidation. The year 1858
must necessarily bring about another state of commer-
cial affairs. The reduced importations will be compen-
sated by exports of domestic produce ; and there will be
less movement of precious metals between Europe and
the United States. It is reasonable to suppose that the
trade between Europe and India wed China, which has
heretofore exhausted so largely the precious metals of
the,former, will now have such a check as will insure
decreased export of gold and silver, and allow England
and France to recover the strong position held by them
two or three years ago."
Cotton was dull at 11c, for middling Upland.
Flour was very depressed. Ashes were lower and
dull. Spirits of turpentine continued to decline.

THE MEDITERRANEAN.

MALTA, DEC. 16.

The despatch sent per telegraph by Lord Lyons
to Lord Clarendon was three days en route. On
inquiry it is found to be occasioned by some damage
to the line in Corsica.
His lordship applied to the 'home government to
be allowed to send a steamer to Alexandria, to start
from thence to Malta immediately on the news
being telegraphed from Suez. This would effect a
saving in time from three to four days. The home
government approved of the suggestion, and on the
13th her Majesty's steamer Coquette was despatched
to Alexandria for that purpose. Her Majesty's
steamer Caradoc was the vessel intended to be sent,
but was not ready, being in the hands of the dock-
yard, but wll proceed to Egypt directly she is
ready. By this arrangement it is hOped telegrams
will reach England with news from Bombay is 16 •
days. Lord Lyons is using every exertion to
shorten the time employed, and give every aid to
the press.
Her Majesty's steamer Vulture left on the 14th,
with the Lord Bishop of Gibraltar, on a visit to
Palermo. The Vulture will only be absent from
Malta a few days. •
The Peninsular and Oriental Company's steamer
Euxine proceeded on to Alexandria with the rest
of the 69th on the 14th ; and the Peninsular and
Oriental Company's steamers Vectis and Indus,
with the mails and passengers, early on the morn-
ing of the 15th.
An Egyptian company, at the bead of which is
the Pacha, are going to run a number of steamers
in the Red Sea from Suez to India. They have
purchased the Sovereign, which is now refitting in
Malta, and when ready will proceed by the Cape
of Good Hope to the Straits of Babelmandel. She
is commanded by a young, intelligent Arab cap-
tain, and English engineers. They are also in
treaty for the purchase of the Vanguard, atipresent
engaged in carrying the Australian mails from Mar-
seilles to Malta, and have several vessels building
in England and France. They are reported to be
well found in funds, and are doing everything on a
most liberal scale.
On the 15th Sir John Pennefather had a grand
review of all the troops in the garrison on the
Florian Parade. On the 14th the officers gave
amateur performances at the theatre for the benefit
of the Indian relief fund. •
On the 12th a series of lectures were commenced
for the instruction of the officers non-commissioned
and soldiers stationed at Malta. .Sir John Penne-
father, in a telling and eloquent address to the
soldiers', urged them to take advantage of these
lectures to improve themselves, and assured them
how happy he should be to see them there, and po
tell their comrades so. He told the non-commis-
sioned officers that some of the best office s he had
ever known. had risen from non-commoned offi-
cers, and he trusted they would otfrythtoomqwuaoluiflyd
themselves, and he hoped many
rise to be commissioned officers.