The Sun.
London, England, 1857-08-11 00:00:00

THE INDIA AND CHINA MAILS.

MALTA, Aug. 7, Noon.— Neither the Valetta
nor the Indus, with the India and China, nor the
Jura, with the Australian mails, has as yet arrived.
The Cambria, to convey the latter to Marseilles,
will not await them beyond the 10th. Her Ma-
jesty's steam gunboat Wanderer will be despatched
by Admiral Stopford to Cagliari to telegraph to
England any news of importance. It is doubtful
whether the London journals will bo allowed to
avail themselves of this expeditious mode of com-
munication. Nothing new.

The following is the letter of the Times' Paris
correspondent, dated yesterday (Monday) G p.m. :
" It was never believed that any serious quarrel
between France and England would follow from
the difference on the Moldavian elections. A
good deal of the difficulty is attributable to
the imprudent tone of the articles in the
Moniteur, and probably to the indiscretions of
the French Commissioner in Wallachia in-
discretions which were so patent in the be-
ginning as, it was said, to require an admonition,
if not a reprimand, fram his superiors. That the
Paris press has shown wonderful unanimity in favor
of the union of the Principalities, and against the
Kaimakan Vogorides, is undeniable ; but it is
easily explained. That England is supposed to be
against the union is of itself sufficient for the Legi-
timist papers to defend it. The Republican Siecle
is the great advocate of what is termed nationalities ;
it regards Austria as the implacable foe of national
independence ; it considers that the union of the
provinces would inevitably lead to the existence of
an independent Roumain State, whether republic
or kingdom, and whatever tends to weaken Austria
is, of course, good in the eyes of the Siecle. The
loss of Transylvania, the Bukovine, and the Banat,
and Austria's expulsion from Lombardy, are, ac-
cording to it, the greatest blessings that could be-
fal Europe.

" As—for the Constitutronnel and Pays, they
support the Government because they cannot
do otherwise. What side they would take if
they were not semi-official organs I do not
pretend to say, but it naturally detracts from
the value of their advocacy that they are
bound by the conditions of their existence to de-
fend the Government policy, of whatever kind it
be. The matter, however, is likely to take a new
turn, which will disappoint those who hoped to see
in the elections of Moldavia the germ of serious mis-
understanding between France and England. It is
said that a despatch was yesterday received
from the French Minister, that the conference
at Osborne had a satisfactory result, and this
day it is stated that the pending difficulties
are to be submitted for solution, like those on
Bolgrad, to a conference of the representatives of
the Powers interested. It also appears that it was
the Emperor himself who suggested this solution.
The despatch adds that Lord Stratford de Redcliffe,
whose name seems to frighten the Ministerial jour-
nalists out of their wits, is expected in a few days
in England on leave of absence. Where the new
conference will be held is not stated, but it will pro-
bably be either Paris or London."

.AMERICA.

(BY ELECTRIC TELEGRAPH.)
SOUTHAMPTON, TUESDAY MORNING.

The steamer Vanderbilt, Captain Edward Hig.
gins, arrived off Cowes this morning with the mails
of the Ist inst., having made the passage in 9 days
13 hours mean time.

She has 173 passengers, and a pair of splendid
bay horses for the Emperor Napoleon, and on
freight 526,500 dollars.
The steamer Indiana, from Southampton, ar-
rived at New York on the morning of the 29th ult. ;
the Ariel at coon on the same day ; the Washing-
ton at 11 o'clock the same night ; and the Europa,
from Liverpool, at Halifax, at 10 p.m. on the
29th.

The vanguard of the army for tft%h set out
from Leavenworth, Kansas, for the Salt Lake city
on the 11th ult.

The sloop of war Cyane arrived at Boston on
the 29th, with 53 of Geo. Walker's men.
There is no political news.
The sales of cotton at New York on the 30th
embraced about 1,000 bales, the market closing
firm on the basis of 151 c. to 15ic. for middling Up-
lands and New Orleans.

Flour was unchanged in prices, while some de-
scriptions of common grades were said to be rather
firmer ; the sales were moderate, and confined
mostly to the local and eastern trade ; wheat was
quiet, and New Southern was unchanged. The sales
of old were confined to Milwaukie Club, at $1.45 to
$1.48 ; and common Canada White to $1.76. In-
dian corn was firm, with sales of Western Mixed at
89c. to 90c. Pork was quiet, but firmly held at
about 24 dollars to 25 dollars. Sugars were in fair
activity, with sales of 1,300 hhds. Coffee was firm,
and more active ; the sales embraced 4,340 bags
Rio at 114 c. to 111 c. In freights there was some
more offering, but engagements were moderate, and
quotations unchanged.
The stock-market bad lost all its buoyancy. The
downward movement had fairly set in, and we may
expect, with occasional re-actions, a steady decline
in all the most inflated railroad stocks at the first
board :—Virgina Nines fell off 4 per cent. ; Illinois
Central Bonds, ; Galena and Chicago Second Mort-
gage Bonds, ; New York Central Railroad, ;
Reading, ; Milwaukie and Mississippi, 4 ; Illi-
nois Central Railroad, ; Galena, and Chicago, 4 ;
Cleveland and Toledo, I ; La Crosse and Milwau-
kie, ; Pennsylvania coal advanced 14 per cent. ;
Michigan Southern, n ; New York Central con-
tinues quite active. The transactions in this
stock for some days had been to a very large
amount. At the second board the market was
weak. Michigan Southern Railroad fell off' f per
cent. from the opening, and closed heavy ; Erie
declined f per cent. ; Milwaukie and. Mississippi,
; Chicago and Rock Island advanced 4 per cent. ;
New York Central sold at 82& ex dividend of 4
per cent. ; Pennsylvania Coal Company sold at 87
per cent.

PHILADELPHI, JULY 31.

Stocks dull. Pennsylvania Fives, 84/ ; Reading
Railroad, 361 ; Long Island Railroad, 12 ; Morris
Canal, 52i ; Pennsylvania Railroad, 461. :
NEW ORLEANS, JULY 29

Cotton firm. Sales to-day, 800 bale 3; receipts,
190. Flour dull, at 6 dols. 75c. ; corn declining,
red wheat (new). 1 dol. 30c. Freights, coWn to
Liverpool, 7-16th. Sterling exchange, 91 per
cent. premium.

ALBANY, JULY 31.

Flour remains steady, with a fair demand at un-
changed rates. There is no new feature in grrain,
no wheat or corn being on thre market ortafloat
and none expected before the commencement of
next week. No sales were made to arrive, b,ilyers'

and sellers' views being apart.
BUFF...A.LO, JUL

131.
dols.
les of
801 c.
elos-
bisky,

Flour unchanged : sales of 400 barrels at 6
to 7 dols. for extra Ohio. Wheat dull : s.
4,000 bushels. Chicago Spring at 1 dol.
-Corn lower : sales of 37,000 buihels at 78ic1
ing firm.
_Oats firm and quiet at 533.
sales 200 barrels at 30c. per gallon ; freight
for corn to trby. lA* import?, 6,000 ti

11, 10c.
lushels